Research and investment into technologies for alfalfa are heating up. Forage Genetics International (FGI) and Monsanto announced that FGI has acquired all of the commercial rights from the parties’ existing alfalfa research collaboration and that Monsanto has licensed to FGI certain intellectual property relating to its alfalfa traits and technology. Monsanto received a one-time upfront licensing fee of $210 million for these rights. The deal is expected to support the ongoing discovery and commercial delivery of innovative alfalfa seed products through FGI’s and Monsanto’s own seed brands, as well as licensed partners.
FGI and Monsanto said the agreement will support the continued expansion of the commercial reach of alfalfa technology offerings such as Roundup Ready Alfalfa and HarvXtra Alfalfa with Roundup Ready Technology, as well as bolster innovation for this crop in the coming seasons.
Monsanto noted that alfalfa continues to be a part of the company’s portfolio approach and it will continue to offer the same quality products through its Dekalb, Channel and regional seed brand dealer networks. In addition, Monsanto plans to invest in and evaluate the applicability of novel trait technologies for different cropping systems including alfalfa.
For FGI, alfalfa continues to be a strategic part of its forage portfolio and it will continue to offer the same brands and quality products that are currently in the market.
Forage Genetics International is a subsidiary of Land O’Lakes, Inc.