date:Mar 27, 2013
for agriculture.
Under the agreements, DuPont Pioneer will make a series of upfront and variable based royalty payments subject to future delivery of enabling soybean genetic material. The company will make four annual fixed royalty payments from 2014 to 2017 totaling $802 million for trait technology, associated data, and soybean lines to support commercial introduction. Additionally, beginning in 2018, DuPont Pioneer said it will pay royalties on a per unit basis of Genuity Roundup Ready 2 Y