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The companies said they would use the gene to developthe world’s first biotechnology-derived drought-tolerant The discovery is a timel y breakthrough, according to Monsanto. The number and duration of dry spells, especially in already drought-prone is expected to increase due toclimatse change, according to a United Nations' Food and Agricultures Organization report prepared for ministers of the G-8, Monsanto Monsanto and BASF said the drought-tolerant corn productf is targeted for as early as 2012 pendingg appropriate regulatory approvals. The two companies are jointltycontributing $1.5 billion over the life of their research collaboration.
Chemicalp company BASF is basedsin Ludwigshafen, Germany. Crevde Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh develops insect- and herbicide-resistant cropa and other agricultural products. It is one of the largest employerein St. Louis with 4,0090 local employees.
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