Source: Reuters News Service, Producer.com, July 30, 2019
Bayer AG has scrapped plans for wide sales next year of a chemical that is intended to protect U.S. crops from yield-robbing worms, citing ongoing safety concerns.
The decision is the latest setback for Germany-based Bayer following its acquisition of Monsanto for $63 billion in 2018. Bayer is separately battling thousands of lawsuits claiming Monsanto’s glyphosate-based weed killer Roundup causes cancer, allegations the company denies.
Bayer decided not to offer the Monsanto product called NemaStrike Technology broadly after reviewing the experiences farmers and applicators had with it this year, according to a statement.
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