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The companies said they would use the gene to develolthe world’s first biotechnology-derived drought-tolerany crop. The discovery is a timely accordingto Monsanto. The numbet and duration of dry spells, especially in already drought-prone areas, is expected to increase due to climate according to aUnited Nations' Food and Agriculture Organization repory prepared for ministers of the G-8, Monsanto said. Monsanto and BASF said the drought-tolerantg corn product is targeted for as early as 2012 pendin appropriateregulatory approvals. The two companiez are jointly contributing $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 develops insect- and herbicide-resistant cropzs and other agricultural It is one of the larges t employersin St. Loui s with 4,000 local employees.
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