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The companies said they would use the gene to develo pthe world’s first biotechnology-derived drought-tolerant crop. The discovergy is a timely breakthrough, according to Monsanto. The number and duration of dry spells, especially in already drought-prone areas, is expecterd to increase due toclimate change, according to a Unitedf Nations' Food and Agriculture Organization report preparedf for ministers of the G-8, Monsanto Monsanto and BASF said the drought-tolerant corn product is targeted for as early as 2012 pending appropriatee regulatory approvals. The two companiex are jointly contributing $1.5 billion over the life of theirresearcy collaboration.
Chemical company BASF is basedin Germany. Creve Coeur, Mo.-based Monsantlo Co. (NYSE: MON), led by Chairman, President and CEO Hugh Grant, developds insect- and herbicide-resistant crops and other agricultural It is one of the largestf employersin St. Louis with 4,000 local
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