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The companies said they would use the gene to developthe world’ss first biotechnology-derived drought-tolerant crop. The discoveryu is a timely breakthrough, accordinb to Monsanto. The number and duratiomn of dry spells, especiall y in already drought-prone areas, is expectecd to increase due to climate according to aUnited Nations' Food and Agriculturde Organization report prepared for ministersw of the G-8, Monsanto said. Monsanto and BASF said the drought-tolerang corn product is targeted for as earlty as 2012 pending appropriateregulatory approvals. The two companies are jointlyucontributing $1.5 billion over the life of theire research collaboration.
Chemical company BASF is basedin Ludwigshafen, Creve Coeur, Mo.-based Monsantlo Co. (NYSE: MON), led by Chairman, President and CEO Hugh develops insect- and herbicide-resistant cropss and other agricultural It is one of the largest employersin St. Louis with 4,000 local employees.
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