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Bayer completes Monsanto acquisition

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Bayer successfully completed the biggest acquisition in its history in the second quarter of 2018, while operational performance improved, even without taking into account the newly acquired Monsanto business.

Sales advanced at three of the four segments on a currency- and portfolio-adjusted basis. “We are on track to achieve our annual targets,” said Werner Baumann, Chairman of the Board of Management, when he presented the interim report .

EBITDA before special items increased thanks to growth at Crop Science and Animal Health. Bayer has adjusted its Group outlook to account for the sales and earnings contributions from Monsanto from the date of the acquisition. The company aims to pay out a dividend per share for 2018 that is at least at the same level as in the prior year.

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BASF completes $9 billion acquisition of businesses and assets from Bayer

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BASF has completed the acquisition of numerous businesses and assets from Bayer in a deal worth almost $9 billion.

BASF says it has purchased “a range of businesses and assets from Bayer”, including crop protection systems, and some digital assets.

The deal also enables BASF to enter new markets such as seeds, non-selective herbicides, and nematicide seed treatments.  [Read more…] about BASF completes $9 billion acquisition of businesses and assets from Bayer

Alien farming technology: A glimpse into the future of automated agriculture

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Farming, as a human activity, is thought to be the basis for civilisations and societies dating back 15,000 years, possibly even further back if you believe the ancient alien astronaut theory.

In fact, ancient alien astronauts from the Anunnaki race are thought to have introduced Earthlings to farming in the first place, and gifted humans the plough. But that’s a whole other story.

Whatever its age, farming is still a globally widespread activity today. Indeed, until around 50 years ago, the vast majority of countries around the world were agrarian, meaning their economies and societies were reliant on the income generated by the agricultural sector – not just the food produced by it.

Even today, the largest economy in the world – the US – is also the world’s largest exporter of food.  [Read more…] about Alien farming technology: A glimpse into the future of automated agriculture

Bosch and Bayer working on precision agriculture systems

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Industrial giant Bosch is teaming up with Bayer, one of the world’s largest biotech companies, to develop precision agriculture systems which they say could help improve harvests by 50 per cent. 

Precision agriculture is a term that refers to the increasing use of technologies such as drones, robots, computers and data analytics in farming. These technologies essentially help farmers micro-manage their farms. Other terms used include smart agriculture and even Agriculture 4.0, but they refer to the same thing.

The United Nations’ Food and Agriculture Organization estimates that farmers around the world will need to increase yields – the volume of crops they harvests – by 50 per cent by 2050 in order to feed the increasing global population.  [Read more…] about Bosch and Bayer working on precision agriculture systems