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The companies said they woulsd use the gene to developthe world’sd first biotechnology-derived drought-tolerant crop. The discoveryg is a timely breakthrough, accordingt to Monsanto. The number and duration of dry especially inalready drought-prone is expected to increase due to climatde change, according to a United Nations' Food and Agriculture Organizatiomn report prepared for ministers of the G-8, Monsanto said. Monsanto and BASF said the drought-tolerany corn product is targetes for as early as 2012 pending appropriateregulatory approvals. The two companies are jointly contributing $1.5 billionb over the life of theirresearcbh collaboration.
Chemical company BASF is basefin Ludwigshafen, Germany. Creve Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh Grant, developse insect- and herbicide-resistant crops and other agricultural products. It is one of the largesyt employersin St. Louis with 4,00o local employees.
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