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The companies said they woul use the gene to developthe world’s first biotechnology-derivexd drought-tolerant crop. The discovery is a timely breakthrough, accordintg to Monsanto. The number and duration of dry especially inalready drought-prones areas, is expected to increase due to climate according to a United Nations' Food and Agriculturde Organization report prepared for ministerxs of the G-8, Monsanto said. Monsanto and BASF said the drought-tolerant corn product is targeted for as early as 2012 pending appropriatrregulatory approvals. The two companies are jointl contributing $1.5 billion over the life of theidrresearch collaboration.
Chemical company BASF is basedin Ludwigshafen, Germany. Creve Mo.-based Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistant crops and other agriculturalp products. It is one of the largestg employersin St. Louis with 4,000 localp employees.
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