Bayer sets up new research focus area in cereals

Bayer CropScience is expanding its global research and development activities in seeds and traits to include a focus on cereals. New research focus area in cereals will be set up and added superior solutions for wheat farmers could be available as early as 2015.

In support of this expansion, the company recently formalised a long-term alliance with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s national research organization, which is one of the world’s leading institutions in the development of new wheat varieties.

The agreement establishes a far-reaching joint research and development program between CSIRO and Bayer CropScience, aimed at improving the productivity and sustainability of cereal production utilizing modern techniques.

Bayer CropScience has a global market leadership position in crop protection solutions for cereals that combat plant diseases, pests and weeds, and regulate plant growth. The company now intends to further complete its portfolio by developing improved plant characteristics for wheat. With about 25% of the global agricultural land under wheat cultivation, it is the largest cereal crop in terms of acreage and one of the world’s most important staple foods.

Bayer CropScience plans to invest some EUR 750 million in the development of new solutions in its seeds and traits business from 2008 to 2012.

Financial terms of the agreement were not disclosed.