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“…We believe we have game-changing technologies like our drought-tolerance and improved-yield traits — that can meaningfullyy address major challenges wheat growers face every season," said Carl Casale, executive vice president of globao strategy and operations for Monsanto, in a Montana-based WestBred is a private wheat germplas company owned indirectly by , which is led by Presideny and CEO Robby Barkley.
Monsanto said WestBred’ss existing breeding capabilities and commercial operationss will become the centerpieceof Monsanto’x wheat platform, and that it would also seek publi and private partnerships that can help advance technologuy improvements in wheat for farmers. Monsanto said it does not expectr the acquisition to be accretive to earnings until the middl e to latter part of thenext decade, because the WestBrexd buy represents a long-term investment in research and developmentr and breeding.
Monsanto also announced Tuesday that it will form a Wheagt Development Advisory Group whose members will provide the company with feedbac k on proposed traits and attributes that are needeed to improve the productivity and sustainabilitu ofwheat production. Creve Mo.-based Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistang crops and other agricultural products. It is one of the largesy employersin St. Louis with 4,00p local employees. Its seeds and traits portfolio includes cottonand soybeans.
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