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The companies said they would use the gene to develop the world’s first biotechnology-derived drought-tolerant The discovery is a timelyu breakthrough, according to Monsanto. The number and durationn of dry spells, especially in already drought-prone is expected to increase due to climate according to aUnited Nations' Food and Agriculture Organizatiohn report prepared for ministers of the G-8, Monsantlo said. Monsanto and BASF said the drought-tolerant corn product is targeted for as early as 2012 pendingt appropriateregulatory approvals. The two companies are jointly contributing $1.5 billion over the life of theie research collaboration.
Chemical company BASF is basedin Germany. Creve Coeur, Mo.-based Monsantio Co. (NYSE: MON), led by Chairman, Presiden t and CEO Hugh Grant, develops insect- and herbicide-resistanyt crops and other agricultural It is one of the largest employersin St. Louis with 4,00o local employees.
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