DuPont and Monsanto have reached
a mutual licensing deal and have dropped lawsuits against each other.
But they don't even hint at how much it will cost farmers for the funeral to bury their hatchets.
DuPont’s Pioneer seed company
gains access to Monsanto’s new Roundup-resistant soybeans and other weed sprays
as soon as next year.
Pioneer also would gain expanded
access to soybean and corn traits previously licensed from Monsanto, enabling
it to combine the traits with technology it uses from other companies or with
its own.
As part of the deal, Monsanto,
the world’s largest seed company, will receive access to certain DuPont Pioneer
disease resistance and corn defoliation patents.
“This is a smart deal for
DuPont,” Paul Schickler, president of DuPont Pioneer, said in an interview.
“It removes
this conflict that DuPont and Monsanto had out of the courtroom and enables us
to focus squarely
