Daily News Reports »
Bayer Ag to Drop the 'Monsanto' Name After Completed Merger
by Russell Nemetz, click here for bio
Program: Land & Livestock Report
Date: June 07, 2018



Click on the play button to listen to report.
Download Report: Bayer_Ag_to_Drop_the__Monsanto__Name_After_Completed_Merger.mp3
In the process of amassing that portfolio, Monsanto has become one of the most-hated large companies in the world. Its name is regularly splashed across protest banners and invoked in arguments against the alleged harms of pesticides and GMOs, reports the Washington Post.
The decision to drop Monsanto's name is part of a wider campaign to win back consumer trust, said Liam Condon, president of Bayer's Crop Science Division, during a Monday call with journalists. In a separate statement Monday, Bayer chief executive Werner Baumann said the company would redouble its efforts to engage with critics.
Bayer executives say it's too early to predict the exact form that engagement will take. While Bayer is set to formally acquire Monsanto on Thursday, the companies will not integrate until Bayer has sold off $9 billion in assets as part of an antitrust agreement with the Justice Department.
Monsanto is a major producer of pesticides and genetically modified crops, selling a package of farm products that have improved yields and cut down on some pest problems. But while that business has made the company popular with many farmers, a series of scandals have damaged its reputation with consumers.
Source: USAgNet
Recent Reports from Land & Livestock Report
- New Spending Bill Includes ELD Delay for Livestock Haulers
- United States Issues WTO Counter Notification Concerning India’s Market Price Support for Various Pulses
- U.S. Issues WTO Counter Notification Concerning India’s Market Price Support for Various Pulses
- U.S. Issues WTO Counter Notification Concerning India’s Market Price Support for Various Pulses
- U.S. Issues WTO Counter Notification Concerning India’s Market Price Support for Various Pulses
Click here to see Archived Reports