Bayer

Bayer will pay more than $10 billion to end tens of thousands of lawsuits filed over its Roundup weedkiller, the company announced Wednesday. The settlement also resolves many other cases over the herbicide dicamba as well as water contaminated with toxic chemicals called PCBs.

Many plaintiffs say Roundup's active ingredient — glyphosate — caused them to develop cancer. Roundup was developed by Monsanto, which Bayer bought in 2018 for $63 billion.

Farmers have been using the weed killer glyphosate – a key ingredient of the product Roundup – at soaring levels even as glyphosate has become increasingly less effective and as health concerns and lawsuits mount.

Nationwide, the use of glyphosate on crops increased from 13.9 million pounds in 1992 to 287 million pounds in 2016, according to estimates by the U.S. Geological Survey.

By The Numbers: Glyphosate Use In The Midwest For Corn, Soybeans

May 30, 2019

Glyphosate is the most-used pesticide on U.S. crops, an estimated 287 million pounds in 2016, according to an analysis by the Midwest Center for Investigative Reporting.

The Midwest saw 65 percent of the nation’s total agriculture glyphosate use on crops, a 12-state territory that includes Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska and North Dakota.

A company that makes dicamba-resistant soybeans and cotton wants to expand use of the controversial weed killer to corn. But critics and experts questioning the logic of the petition.

Creative Commons 3

Texas farmers are concerned that if plans for two of the world’s largest agricultural firms to merge go through, it will diminish competition and cause prices for seeds and other essential products to increase.

As The Texas Tribune reports, German conglomerate Bayer, a global distributor of seeds best known for its pharmaceuticals like aspirin, hopes to buy Missouri-based agricultural firm Monsanto, which sells agricultural chemicals.

Bayer AG announced the sale of a large part of its agribusiness on Friday. The deal will move the company closer to yet another big deal.

Bayer AG says it sold part of its crop science division to BASF for $7 billion.

The sale includes Bayer’s field crop seed and pesticide businesses.

Bayer says the move is “an active approach” to help it win regulatory approval for its proposed buyout of Monsanto.

That $66 billion deal will merge two of the world’s largest agribusinesses.

Luke Runyon / Harvest Public Media

Shareholders of agricultural seed and chemical giant Monsanto agreed to a merger Tuesday, moving the controversial deal one-step closer to fruition.

Ag Community Reacts to Industry Consolidation

Sep 20, 2016
agweb.com

As the ag industry continues to consolidate into larger and larger corporations, reactions from farmers and farm-groups have been decidedly mixed.

Bayer Battles EPA Ruling Banning Pesticide

Feb 12, 2016
Ina Fassbender / Reuters

The Environmental Protection Agency recently attempted to pull one of the chemical company Bayer’s insecticides from the marketplace. The EPA expressed concerns that that the chemical could harm organisms in streams and ponds. Now, reports Reuters, the German company is fighting back.  Bayer is asking for an administrative hearing from the EPA's Office of General Counsel to review the case.