1. How CoverCress sold — and pivoted.
- Author
-
Spangler, Holly
- Subjects
COVER crops ,VENTURE capital companies ,CASH crops - Abstract
B You mentioned the sale: CoverCress has been sold this year, with Bayer now owning 65% of the company. b Yes, there was a transaction. When CoverCress Inc. announced its crop would be planted as a cover crop and grown commercially on 10,000 acres across the Midwest this fall, farmers were interested. The company, which commercialized a pennycress variety improved by Western Illinois University plant breeder Win Phippen, has big plans to increase acreage exponentially on what will be a biofuel oilseed cover crop - effectively, the first cash cover crop. [Extracted from the article]
- Published
- 2022