SINGAPORE (Nov 5): “In agriculture, global challenges are raising particularly pressing questions. How will we feed a continuously growing global population? How will we ensure food security in light of climate change? And how will we facilitate farming practices that use finite resources in a sustainable and efficient way?” So asks Werner Baumann, chairman and CEO of Bayer, in a letter to shareholders this year. “All of these questions are part of a challenge for humankind that farmers around the world will have to tackle in the years ahead. As a partner to farmers — both large companies as well as smallholders — Bayer wants to contribute to the solution for this challenge,” he continues.

In June this year, Bayer completed its acquisition of Monsanto, a US-based food technology company best known for the food scare it caused with its pesticides and herbicides, and for its genetically modified (GM) food that garnered adverse publicity.

Climate change, less arable land and a growing global population are making it imperative for companies such as Bayer to find ways to use scarce resources efficiently.

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