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Late 2017 expected completion of Bayer/Monsanto purchaseLate 2017 expected completion of Bayer/Monsanto purchase

Late 2017 timetable for Bayer/Monsanto acquisitionPurchase seen as "good for customers."

Ron Smith 1

September 29, 2016

1 Min Read

Late 2017 is the time frame expected for completion of Bayer’s acquisition of Monsanto, says Lee Rivenbark, the head of Seeds North America for Bayer.

Rivenbark, speaking to a large crowd at the annual Bayer FiberMax field day in Idalou, Texas, was careful to characterize the proposed purchase as a “potential acquisition. We are a long way from completion. We are not done.”

He said the merger will benefit agriculture. “We believe it is good for our customers.”

With agriculture and the industries that support them as highly regulated as they have become, Rivenbark says the costs of research and development can be spread over a larger product base.

“The cost of regulation is high,” he added. “And we are no longer just a crop protection company or a seeds and traits company. We are a company of integrated solutions—products, expertise and management.”

Rivenbark says Bayer is committed to investing 10 percent of all sales into research and development. “With combined sales (following the acquisition) we can do even more. We are not a generic company, and we do not want to be a generic company.”

He said for the near future, Bayer will continue to invest and operate as Bayer. “We do not know what the future holds, so we will be Bayer for a long time yet.”

He said anyone interested in staying abreast of the acquisition process may log onto www.advancingtogether.com.

About the Author(s)

Ron Smith 1

Senior Content Director, Farm Press/Farm Progress

Ron Smith has spent more than 40 years covering Sunbelt agriculture. Ron began his career in agricultural journalism as an Experiment Station and Extension editor at Clemson University, where he earned a Masters Degree in English in 1975. He served as associate editor for Southeast Farm Press from 1978 through 1989. In 1990, Smith helped launch Southern Turf Management Magazine and served as editor. He also helped launch two other regional Turf and Landscape publications and launched and edited Florida Grove and Vegetable Management for the Farm Press Group. Within two years of launch, the turf magazines were well-respected, award-winning publications. Ron has received numerous awards for writing and photography in both agriculture and landscape journalism. He is past president of The Turf and Ornamental Communicators Association and was chosen as the first media representative to the University of Georgia College of Agriculture Advisory Board. He was named Communicator of the Year for the Metropolitan Atlanta Agricultural Communicators Association. More recently, he was awarded the Norman Borlaug Lifetime Achievement Award by the Texas Plant Protection Association. Smith also worked in public relations, specializing in media relations for agricultural companies. Ron lives with his wife Pat in Johnson City, Tenn. They have two grown children, Stacey and Nick, and three grandsons, Aaron, Hunter and Walker.

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