4U.S. Farm Report
6Countdown to the Closing Bell With Liz Claman
5Squawk on the Street
5Varney & Company
of the largest ag companies could now be one. bayer and monsanto reaching a monumental agreement this week, calling the new company an innovation engine. the final bayer bid comes in at 128 dollars per share--that's 44 percent above the may 9th share price--when all of this first began. shareholders will vote at end of 2016 or early 2017 with regulatory approval will be the biggest hurdle, with bayer offering a 2 billion dollar break fee if the deal doesn't go through. both monsanto and bayer say this marriage means technology will be pushed through their pipelines quicker, with their main example being herbicide tolerance traits. bayer says it will need to file for regulatory approval in 30 coutnries, including the u.s., eu,. canada and brazil. in the u.s. alone, the combined company would own nearly 37% of the seed market for corn and nearly 30% t for soybeans. on the crop nd traits business-- the merged company would own nearly 31% of the market. however the biggest sticking point may be in cotton. the combined company would own 70% of total market share. s, what will need to
. i'm tyne morgan, and here's what we're working on for you over the next hour. bayer and monsanto are at it again, upping the ante, entering into round 3 of major merger. as farmers face the grim reality of e's no question there's going to be red ink> our farm journal report talks to one ag banker who has advice on how farmers can pull through. and in john's world...
senate gop leader mitch mcconnell said last month that t-p-p would not get a vote in
. i'm tyne morgan, and here's what we're working on for you over the next hour. bayer and monsanto are at it again, upping the ante, entering into round 3 of major merger. as farmers face the grim reality of commodity prices, reality is setting in... < there's no question there's going to be red ink> our farm journal report talks to one ag banker who has advice on how farmers can pull through. and in john's world...
now for the market of legislation to address. it's still un-certain whether a multi-nation trade pact will be on the agenda. lawmakers returned to the nation's capitol while president obama spent the week in asia at the g-20 summit. many of his comments revolved around trade and the trans pacific partnership. the president says he'll urge congress to pass the trans pacific partnership once the "noise" of the election season is over. " nothing is easy in the us congress right now. maybe there was a time when it was, but i have not seen it. i
the wave of ag mergers currently on the table. it was a full house as executives from bayer, monsanto, syngenta, dow and dupont defended the mergers, calling it a win for farmers. but not everyone saw it this way. iowa senator chuck grassley says he fears the mergers will further wers ceo chris novak, who says says ncga believe true competition isn't just based on number of plyayers, but on evenly matched companies fighting for market share. we do believe consolidation is compounded by the regulatory barriers facing agriculture. domestic regulatory hurdles and delays in international approvals represent signifiant barriers in markets that are slowing innovation and driving up costs. report. the senate slamming epa over it's waters of the u-s rule. in a report rleased this week, the u-s senate committee on environment and public works says case studies show these regulatrions show the most extreme overreaches of a federal authority. one case study from 2014 showed the corps used soil surveys and google earth aerial photos to claim the landowner destroyed ephemeral, or short-lived, drai
whether to block the deal. in november, deere and the climate corporation, a subsidiary of monsanto company, announced they had signed an agreement for deere to buy the precision planting equipment business. government regulators then launched an anti- trust review, leading to this week's lawsuit. in a joint statement, deere and climate corp. said "d-o-j's allegations about the competitive impacts of the transaction are misguided and the companies intend to defend the transaction vigorously against those allegations," the statement said. "deere has long been focused on helping american farmers become more efficient and productive so that they can remain globally competitive. the proposed acquisition benefits farmers by accelerating the development and delivery of new precision equipment solutions in more merger news, just this week, canadian fertilizer giants agrium and potash corp of saskatchewan say they're in the early stages of merger talks. the potential deal would consolidate 60 percent of north amercia's potation production icing power. while both caution a decision is yet to
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