The potential for our existing biotechnology traits outside North America is roughly double the acreage potential within North America. The Cargill international seed businesses give us quicker access to these global markets. We can accelerate commercialization through established distribution channels that will bring these and our future agronomic and quality traits to more farmers around the world in the varieties they want to grow," said Monsanto President Hendrik A. Verfaillie.
"The biotechnology revolution is rapidly changing the international seed industry, and Monsanto has been a key player in this arena," said Ernest S. Micek, Cargill chairman and CEO. "This agreement combines Cargill's excellent germplasm and international research, marketing and distribution network with Monsanto's leadership in biotechnology.