Monday, August 30, 2010

Bayer CropScience and Monsanto Enter Agreement to Deliver Breakthrough Seed Treatment Technology

Poncho/VOTiVO to enhance Acceleron Seed Treatment Products

RESEARCH TRIANGLE PARK, N.C. (Aug. 30, 2010) – Bayer CropScience LP and Monsanto Company have entered into an exclusive agreement on the use of Poncho®/VOTiVO.

Offered exclusively with Acceleron® Seed Treatment Products for corn, Poncho/VOTiVO seed treatment from Bayer CropScience combines the number one corn seed-applied insecticide with a new living-barrier approach to nematode protection.

Bayer data shows that the 500 rate of Poncho delivers increased control of wireworm, black cutworm, white grub and other early season pests. And four years of field research shows that Poncho/VOTiVO delivers an average 6 to 8 bu/A yield increase on corn over the industry standard, the 250 rate of Poncho.

“We look forward to this opportunity to provide growers with advanced technology that combines Bayer CropScience innovation in seed treatment with Monsanto innovation in seed,” said Bill Buckner, president and chief executive officer of Bayer CropScience LP. “This combination will help ensure that corn growers can have the best protection against yield-robbing nematodes and early season insects.”

“Early season pests can have a major impact on a corn crop’s growth and development. That’s where Acceleron Seed Treatment Products come into play,” said Brad Griffith, Monsanto’s global seed treatment lead. “Farmers will have a choice that includes this innovative nematode control technology when they choose Genuity® traits optimized with Acceleron.”

New Poncho/VOTiVO provides a biological mode of action that introduces a revolutionary way to protect corn seedlings and roots against nematodes. It contains bacteria that live and grow with young corn roots, protecting against a broad range of nematodes that feed on corn.

Under the agreement, Monsanto will have exclusive rights to commercialize Poncho/VOTiVO with the 500 rate of Poncho under its industry-leading corn brand DEKALB®, the Channel® brand and regional brands, as well as to license the product through its licensing business, which serves more than 180 corn seed companies throughout the United States and Canada. Additional details of the agreement were not disclosed.

Orders for Acceleron Seed Treatment Products, including Poncho/VOTiVO are being taken now for the 2011 growing season by your local seed dealer.

About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Bayer CropScience AG, a subsidiary of Bayer AG with annual sales of about EUR 6.5 billion (2009), is one of the world’s leading innovative crop science companies in the areas of crop protection, non-agricultural pest control, seeds and traits. The company offers an outstanding range of products and extensive service backup for modern, sustainable agriculture and for non-agricultural applications. Bayer CropScience has a global workforce of 18,700 and is represented in more than 120 countries. This and further news is available at: www.press.bayercropscience.com.

Forward-looking statement
This news release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports, which are available on the Bayer Web site at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Bayer CropScience LP, 2 T.W. Alexander Drive, Research Triangle Park, NC 27709. Always read and follow label instructions. Bayer (reg’d), the Bayer Cross (reg’d), Poncho® and VOTiVO™ are trademarks of Bayer. Poncho and Poncho/VOTiVO are not registered in all states. For additional product information call toll-free 1-866-99-BAYER (1-866-992-2937) or visit our Web site at www.BayerCropScienceUS.com.

About Monsanto Company
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world's natural resources such as water and energy. To learn more about our business and our commitments, please visit: www.monsanto.com. Follow our business on Twitter at www.twitter.com/MonsantoCo, on Facebook at www.facebook.com/MonsantoCo, or subscribe to our News Release RSS Feed.

Acceleron®, Channel®, DEKALB® and Genuity® are registered trademarks of Monsanto Company.

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