Dow Ag (DOW) seems to be at the center of the Ag world now with partnerships with both Monsanto (NYSE:MON) and now DuPont (DD).
DuPont and Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company, have entered into a commercial cross-licensing agreement that will enable the two companies to deliver expanded herbicide-tolerant soybean options to farmers in the next decade.
Under the agreement, Dow AgroSciences is licensing non-exclusively its proprietary herbicide tolerant trait technology for soybeans to DuPont business Pioneer Hi-Bred. In addition, Pioneer is licensing non-exclusively its proprietary Optimum® GAT® trait for soybeans to Dow AgroSciences. Both companies have given the other rights to stack additional traits with their respective technology. Financial details of the agreement were not disclosed.
Dow AgroSciences expects to submit herbicide-tolerant trait technology data to U.S. regulatory agencies this year. Dow AgroSciences anticipates commercialization early in the next decade pending regulatory authorizations....
The investing public is only now beginning to realize the impact Dow Ag is going to have on the company. SmartStax, the JV product with Monsanto is seeing sales ahead of expectations and looks to be a mega hit. This partnership with DuPont involves its top selling soybean product, assuring sales when completed.
When we combine this with recent acquisitions from Dow Ag, the future is getting brighter by the day for the company.