Monsanto and Dow AgroSciences reach new soy licensing agreement

The range of farmers' future seed choices has broadened as Monsanto granted a new royalty-bearing, Roundup Ready 2 Yield® license to Dow AgroSciences.

The new agreement expands Dow AgroSciences' trait stacking and existing licensing rights across its soy seed brands and licensing partners.

Under the agreement, Monsanto grants Dow AgroSciences a non-exclusive, royalty-bearing license in the US to develop, produce, sell and sublicense seed and germplasm with Roundup Ready 2 Yield technology.

Dow AgroSciences also receives an option to license the Roundup Ready 2 Yield technology in other territories where Monsanto plans to commercialise this technology, after Monsanto has obtained regulatory approval in such countries, including key soy producing countries like Brazil.

Dow AgroSciences gains the rights to stack Roundup Ready 2 Yield technology with other biotechnology traits.

Additionally, Dow AgroSciences also gains the rights to out license Dow AgroSciences' germplasm containing Roundup Ready 2 Yield technology, alone or in stacks, to third parties that hold Genuity Roundup Ready 2 Yield licenses from Monsanto.

Additional specific details of the agreement were not disclosed.