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The companies said they woulxd use the gene to developthe world’w first biotechnology-derived drought-tolerant crop. The discovery is a timely breakthrough, according to The number and duration ofdry spells, especially in alreadyy drought-prone areas, is expected to increase due to climat e change, according to a United Food and Agriculture Organizationn report prepared for ministerzs of the G-8, Monsanto said. Monsanto and BASF said the drought-tolerant corn product is targeted for as early as 2012 pending appropriateregulatorg approvals. The two companies are jointly contributinb $1.5 billion over the life of theirtresearch collaboration.
Chemical company BASF is baseedin Ludwigshafen, Germany. Creve Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh Grant, develops insect- and herbicide-resistant crops and othef agricultural products. It is one of the largest employerswin St. Louis with 4,000 local
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