In Bayer’s efforts to expand their production and address the ever increasing demand to boost farmer productivity, the German chemical and pharmaceutical company has now offered more than $65 Billion in order to procure Monsanto, an American agricultural and agrochemical biotechnology company. This would allow Bayer to become one of the world’s biggest crop seeds and chemical suppliers with Monsanto being the biggest seed provider and Bayer with a strong pesticide roster.

The plan to buy Monsanto started in May earlier this year. Bayer since then has been rejected a couple of times refusing to give them access to the company until Bayer chooses to raise their bid amount.