❓ A parliamentary question regarding Monsanto's exit from InterGrain, focusing on the reasons for departure, potential impact on wheat breeding programs, and intellectual property rights. The answer provides limited information, deferring to Monsanto on reasons for exit and clarifying InterGrain's breeding program status.
AnsweredQoN 946Legislative Council
QuestionView source ↗
INTERGRAIN PTY LTD — MONSANTO INVESTMENT
946. Hon LYNN MacLAREN to the
parliamentary secretary representing the Minister for Agriculture and Food:
I refer to the Western Australian
Agriculture Authority and the Grains Research Development Corporation's
acquisition of Monsanto's equity in InterGrain.
(1) Given that
Monsanto's exit was reportedly well planned, can the minister please
advise —
(a) what factors
precipitated the decision; and
(b) why another
partner has not yet been found?
(2) Was Monsanto
offloading unprofitable assets prior to a potential Bayer takeover?
(3) What are the
implications of Monsanto's departure on the genetically modified wheat
breeding program that was promoted in 2010 when the partnership began?
(4) Who owns the
intellectual property rights of new wheat varieties developed during the time
Monsanto was a partner in InterGrain?
946. Hon LYNN MacLAREN to the
parliamentary secretary representing the Minister for Agriculture and Food:
I refer to the Western Australian
Agriculture Authority and the Grains Research Development Corporation's
acquisition of Monsanto's equity in InterGrain.
(1) Given that
Monsanto's exit was reportedly well planned, can the minister please
advise —
(a) what factors
precipitated the decision; and
(b) why another
partner has not yet been found?
(2) Was Monsanto
offloading unprofitable assets prior to a potential Bayer takeover?
(3) What are the
implications of Monsanto's departure on the genetically modified wheat
breeding program that was promoted in 2010 when the partnership began?
(4) Who owns the
intellectual property rights of new wheat varieties developed during the time
Monsanto was a partner in InterGrain?
AnswerView source ↗
I thank the
honourable member for some notice of the question.
(1) (a) Monsanto
has advised that its decision was reached following a strategic review of its
global business operations.
(b) InterGrain is
considering other strategic partnerships.
(2) The reasons
for Monsanto's exit are a matter for Monsanto.
(3) InterGrain
has not undertaken a genetically modified wheat breeding program.
(4) It is InterGrain .
honourable member for some notice of the question.
(1) (a) Monsanto
has advised that its decision was reached following a strategic review of its
global business operations.
(b) InterGrain is
considering other strategic partnerships.
(2) The reasons
for Monsanto's exit are a matter for Monsanto.
(3) InterGrain
has not undertaken a genetically modified wheat breeding program.
(4) It is InterGrain .
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