Planting

BASF Considers Another Major Seed Purchase

Bayer is selling its entire vegetable seeds business—and BASF is contemplating yet another seed purchase. Operating under the global name Nunhems, Bayer is selling the vegetable seeds business to appease European Union (EU) concerns over its pending acquisition of Monsanto. Bayer recently stated it’s in exclusive talks with BASF for the transaction.

BASF has already purchased the LibertyLink platform, including traits and herbicides, as well as the field crop seed businesses and research and development capabilities from Bayer. The field crop seed business purchase specifically includes:

  • Global cottonseed (excluding India and South Africa)
  • Oilseed rape and canola business in North America and Europe
  • Soybean seed business (including Credenz brand soybeans and upcoming HPPD-tolerant technologies)

If the vegetable business deal goes through, this marks another notable step for BASF into the seeds business.

“At this stage, no definitive agreements have been concluded,” BASF said in a statement provided to AgWeb. Any deal would depend on Bayer’s successful closure of the Monsanto acquisition.

The EU recently extended its examination of the Bayer-Monsanto deal until April 5. Bayer expects the deal to close in the second quarter of 2018.

 

Latest News

Retail Business
How Important is U.S. Ag and Food to the Economy?

In celebration of National Ag Day and National Ag Week, the 2023 Feeding the Economy report shows just how vital the industry is to U.S. families, communities and the world.

Paige Carlson
Retail Business
Ferrie: Ready, Set, Whoops! A Fast Start To Fieldwork Could Cost You Big In Corn At V5

Caution can help you avoid creating compaction or density layers. Plus, if you're applying anhydrous now, allowing 14 days between the application and planting can prevent dead or damaged plants and costly yield dings.

Rhonda Brooks
Retail Industry
Nebraska Farmland Values Jump 14% in 2023 — Up 30% in Two Years

This year marks the second-largest increase in the market value of agricultural land in Nebraska since 2014 and the highest non-inflation-adjusted statewide land value in the 45-year history of the survey. 

Sara Schafer
Retail Industry
U.S. Milk Production and Cow Numbers Both Rise

The February 2023 USDA Milk Production report showed an 0.8% increase in year-over-year milk production with a total of 17.7 billion lbs. of milk. Also following suit, U.S. cow numbers also documented growth.

Karen Bohnert
Retail Business
Crude Oil Prices Drop Below $70: What is the Outlook for Consumers at the Pump and Farmers Heading Into Spring Planting?

Oil prices are also off their highs of last year and gas and diesel prices are also sliding at the pump, but will that trend continue ahead of planting?   Energy experts are hoping the answer is yes.  

Michelle Rook
Retail Industry
Can the $20-Billion Inflation Reduction Act Get Rolled Out Quickly Enough?

Industry experts say the new legislative package represents a 'generational opportunity' for conservation funding and needs to reach U.S. farmers and livestock producers sooner rather than later, starting this spring.

Rhonda Brooks
View More