The cash-back offer comes as several states are considering restrictions on the use of the drift-prone and highly volatile chemical.
Looks like Monsanto really wants farmers to use XtendiMax. The agribusiness giant is offering a cash incentive to farmers to apply a controversial pesticide linked to 3.1 million acres of crop damage in nearly two dozen heartland states, according to Reuters.
The cash-back offer comes as several states are considering restrictions on the use of the drift-prone and highly volatile chemical. DuPont Co. and BASF SE also sell dicamba-based formulations.
Monsanto could refund farmers about 50 percent of the price of its product, XtendiMax With VaporGrip Technology, in 2018 if they spray the product on the seed company's Xtend soybeans that are genetically engineered to tolerate dicamba.
XtendiMax costs about $11 per acre to buy, and Monsanto is offering $6 per acre in cash back to farmers when they apply it on Xtend soybeans along with other approved herbicides, according to the company.
“We believe cash-back incentives for using XtendiMax with VaporGrip Technology better enable growers to use a management system that represents the next level of weed control," said Ryan Rubischko, Monsanto product manager.