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Crop input giants call a truce

Agriculture.com Staff 05/23/2008 @ 11:06am

Syngenta and Monsanto have reached an agreement settling all outstanding litigation relating to the two companies' corn and soybean businesses, according to a company report.

The agreement gives Syngenta enhanced flexibility in serving its customers and will expand the technology choices available to growers. Terms of the agreement include:

  • Monsanto receives a royalty-bearing license to Syngenta's enabling technology for dicamba herbicide tolerance;
  • Syngenta receives more favorable marketing conditions relating to its Bt11 trait for European corn borer control;
  • Monsanto and Syngenta agree to settle all patent, antitrust and commercial litigation between the companies and their subsidiaries. These disputes include:
    • Syngenta's antitrust action against Monsanto;
    • All infringement cases on herbicide-tolerant and insect-protected corn technologies;
    • A dispute between the parties on herbicide-tolerant soybean technology.
  • Syngenta receives a royalty-bearing license to Monsanto's Roundup Ready 2 Yield soybean technology.
  • Monsanto and Syngenta agree to cross-enable each other to develop and deliver innovative new herbicide-tolerant and Bt insect-protection products in corn, cotton and soybeans to compete for the business of farmers around the world.

"The need to increase agricultural productivity has never been greater than it is today," Syngenta Seeds chief operating officer Davor Pisk said of the deal announced Friday. "We are therefore very pleased to have reached an agreement which expands the choices available across the U.S. corn and soybean markets."

Syngenta and Monsanto have reached an agreement settling all outstanding litigation relating to the two companies' corn and soybean businesses, according to a company report.

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