Industry News for October 2016

Texan Named In Faces Of Farming And Ranching
A Texan has been named one of the eight finalists in the third class of Faces of Farming and Ranching by the U.S. Farmers and Ranchers Alliance (USFRA).

Texas Farm Bureau member Jeremy Brown grows cotton, organic cotton, wheat, grain sorghum, rye, peanuts and sesame on the South Plains of West Texas. He also uses cover crops, minimum tillage and no-till in order to help build organic matter on his farm. He is a fifth- generation farmer and is active in numerous agricultural organizations.

“I’m humbled by this opportunity and passionate about farming,” Brown says. “I’ve always wanted to be a farmer. We’re very much a family business carrying on the tradition of farming and working to incorporate new technologies to make ourselves sustainable.”

Follow along with Brown and his family on their Facebook page, Broadview Agriculture Inc. The Texas farmer has advanced to the next round in the selection process.

Through Oct. 10-16, people can visit USFRA’s Facebook page to learn more about the finalists and their farms and ranches. Visitors can vote for the farmers and ranchers they believe best represent the passion and innovation of modern agriculture.

“Putting a face to the people who farm and ranch and raise our food and fiber is important to me,” Brown says. “We face many obstacles in agriculture, but every one of us is passionate about what we do.”
Winners will be named Nov. 9 at the National Association of Farm Broadcasting Convention.

Bayer And Monsanto Create Global Leader In Agriculture
Bayer and Monsanto announced on Sept. 14 that they signed a definitive merger agreement under which Bayer will acquire Monsanto for $128 U.S. per share in an all-cash transaction. Monsanto’s Board of Directors, Bayer’s Board of Management and Bayer’s Supervisory Board have unanimously approved the agreement. Based on Monsanto’s closing share price on May 9, 2016, the day before Bayer’s first written proposal to Monsanto, the offer represents a premium of 44 percent to that price.

“This represents a major step forward for our Crop Science business and reinforces Bayer’s leadership position as a global innovation driven Life Science company with leadership positions in its core segments, delivering substantial value to shareholders, our customers, employees and society at large,” says Werner Baumann, CEO of Bayer AG.

“Today’s announcement is a testament to everything we’ve achieved and the value that we have created for our stakeholders at Monsanto. We believe this combination with Bayer represents the most compelling value for our shareowners, with the most certainty through the all-cash consideration,” says Hugh Grant, Chairman and CEO of Monsanto.

This transaction brings together two different, but highly complementary businesses. Growers will benefit from a broad set of solutions to meet their current and future needs, including enhanced solutions in seeds and traits, digital agriculture and crop protection.

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