The Other Monsanto Chemical Bayer Investors Should Watch

Posted on Aug 20 2018 - 8:39am by UOG

“Some Bayer AG investors were surprised to learn about the thousands of farmers lining up before U.S. courts to argue that Roundup — the blockbuster weedkiller the German company recently acquired when it bought Monsanto Co. — had given them cancer. But Roundup is hardly the only chemical in Monsanto’s portfolio carrying legal risks.

There are also lawsuits aplenty for dicamba, its next best-selling herbicide, which U.S. farmers are spraying on about 50 million acres of soybean and cotton crops this summer to combat weeds that have become resistant to Roundup.

Dicamba has a tendency to vaporize after being sprayed and drift onto neighboring fields, harming crops and other plants that aren’t genetically modified to withstand its effects. More than 1 million soybean acres are claimed to have been damaged this year as of mid-July, and last summer, that number was more than 3 million.

Monsanto and other crop-chemicals companies have come up with formulations that they say will stay put when applied correctly. St. Louis-based Monsanto pins the crop damage on incorrect application by farmers, and that’s going away with increased training. The company has received only a third of the complaints about an off-target movement that it did last year, while acres have more than doubled, said Scott Partridge, vice president at Monsanto. Moreover, 12 states last year saw record soybean yields.”


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