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Tag Archives Bayer

Crops, Reuters

Bayer takes major writedown, flags Roundup settlement bill

Company writes down agribusiness assets

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Frankfurt | Reuters — Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros (C$14.2 billion) in impairments on agriculture businesses, much of it related to its Monsanto deal. The company said the write-downs, driven by weaker demand from farmers due to […] Read more
Crops, Reuters, Soybeans

U.S. EPA approves XtendiMax use for five years

Court ruling had blocked dicamba sales

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Chicago | Reuters — The U.S. Environmental Protection Agency will allow farmers for the next five years to spray crops with a Bayer herbicide whose sales were blocked by a U.S. appeals court in June, EPA administrator Andrew Wheeler said Tuesday. XtendiMax, a dicamba-based herbicide that is sprayed on soybeans and cotton genetically engineered to […] Read more
Canola, Crops

Farmer and activist Percy Schmeiser, 89

Thorn in Monsanto's side also the subject of a new major film

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Funeral services are to be held and livestreamed Saturday for Prairie farmer, businessman and activist Percy Schmeiser, best known for his ultimately unsuccessful court battles with the company behind Roundup Ready canola. Schmeiser, who farmed at Bruno, Sask., about 90 km east of Saskatoon, died Tuesday at age 89. According to Saskatchewan media, he had […] Read more
Crops, Reuters

Bayer plans more cost cuts, impairment charges

Pandemic now expected to hit crop science wing

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Berlin | Reuters — German drugs and chemical company Bayer announced plans on Wednesday for more than 1.5 billion euros (C$2.34 billion) of cost cuts as of 2024 and said it would take impairment charges on its agricultural business as it battles with low commodity prices. Bayer said that the impact of the coronavirus on […] Read more
Crops, Reuters

Bayer resolves more U.S. Roundup cases

Judge keeps pause on litigation

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Reuters — Attorneys for Bayer and U.S. consumers suing the company over allegations its Roundup herbicide caused cancer told a judge on Thursday they are continuing to resolve thousands more U.S. cases, improving prospects for its US$11 billion deal to end the litigation. The hearing was a contrast to the contentious tone among the parties […] Read more
Crops, Reuters

Bayer books second-quarter loss after settlement

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Frankfurt | Reuters — German drugs and pesticides group Bayer reported a 9.5 billion-euro (C$14.86 billion) net loss for its second quarter, following a US$10.9 billion settlement of U.S. lawsuits claiming that its Roundup herbicide caused cancer. The charges stemmed mainly from agreements which attempted to wrap up legal disputes inherited with its US$63 billion […] Read more
Crops, Machinery, Reuters, Weather

Bayer launches carbon capture pilot for U.S., Brazilian farmers

Chem and seed firm expects to expand plan to other countries

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Chicago | Reuters — Bayer launched a pilot program in the United States and Brazil on Tuesday that will pay farmers for capturing carbon in cropland soils, making it the latest agriculture company to capitalize on environmental initiatives. The company seeks to enroll about 1,200 row crop growers in its Bayer Carbon Initiative in the […] Read more
Crops, Reuters

Bayer loses California appeal of Roundup verdict

Damages payable to plaintiff are further reduced

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Reuters — Bayer AG failed to persuade a California appeals court to overturn a verdict favouring a school groundskeeper who claimed its Roundup weed killer caused his cancer but reduced the amount of damages by 74 per cent, to US$20.5 million. The decision by the California Court of Appeal came after a San Francisco jury […] Read more
Beef Cattle, Livestock, Reuters

Elanco Animal Health wins U.S. approval to buy Bayer unit

Elanco to shed cattle pour-on brand, others for approval

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Washington | Reuters — Elanco Animal Health has won U.S. antitrust approval to buy Bayer’s animal health business on condition that it sell assets to treat three ailments, two in dogs and one in cattle, the Federal Trade Commission said on Wednesday. The deal was valued at $7.6 billion when it was announced in August […] Read more

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