St. Louis, Missouri-based agtech giant Monsanto and Bayer AG have won U.S. antitrust approval for their planned $62.5 billion merger. Bayer and Monsanto announced their $66 billion definitive joint merger agreement in 2016, and plan to establish their new global Seeds & Traits and North American commercial headquarters in St. Louis, Missouri.
“Receipt of the Department of Justice’s approval brings us close to our goal of creating a leading company in agriculture,” said Bayer CEO Werner Baumann. “We want to help farmers across the world grow more nutritious food in a more sustainable way.”
Missouri is the global leader in agtech and gateway to the future of advanced farming. Missouri’s agtech industry is leading the way with innovative technology and research that is transforming agriculture. Missouri’s crop and livestock diversity, abundant water supply and rich soil provide a solid, statewide, foundation for agtech companies to grow and succeed.
Missouri’s agriculture industry contributes $33 billion in GDP to Missouri’s economy, and generates $88 billion in sales and more than 378,000 jobs. In fact, so much agricultural product is shipped via river barge from the St. Louis region that a 15-mile section of the Mississippi is becoming known as the “Ag Coast” of America.
We are also proud to be home to leading agtech organizations, including the Danforth Plant Science Center, Monsanto, the Missouri Botanical Garden, Yield Lab, DuPont, BASF, Bayer, Bunge, KWS, Zoetis, AgriLabs, Boehringer Ingelheim and many more.
In Missouri, the future of agtech is happening today. Big data, smart farming, input optimization, precision ag, biologicals, breeding, green chemistry, green pharmaceuticals, intellectual capital, an extensive agtech infrastructure, investors … it’s all growing right here.
For more information on why Missouri could be a prime location to launch or grow your business, contact Steve Johnson, CEO of Missouri Partnership, at 314.725.2688 or via our contact form, with any questions you might have, and learn how Missouri Partnership can help with your business expansion needs.