FMC Corporation has acquired exclusive rights to a patented, broad-spectrum crop protection product from Bayer CropScience. FMC will develop and distribute the novel product for row crops in the United States and Canada.
"This agreement to develop and market this promising new product highlights the increasing collaboration between FMC and Bayer CropScience and the success both companies have created in bringing new crop protection technologies to growers," said Mark Douglas, president, FMC Agricultural Solutions.
FMC will start product development and the registration process next year and expects to launch the product in the following two to three years. Financial terms were not disclosed.