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Agricultural giants looking to join forces: Report

DuPont holding talks with Syngenta and Dow Chemical

Giants of the agriculture world are discussing whether to combine with one another, according to a news report Friday, as the industry struggles to cope with lower crop prices and profits.

Syngenta is discussing a potential combination with DuPont's agricultural division, according to the Wall Street Journal which cited people familiar with the matter.

Assistant farm manager Matt Wiggeim inspects a Syngenta AG Golden Harvest brand hybrid seed corn seedling in a field in Princeton, Illinois.
Daniel Acker | Bloomberg | Getty Images

Separately, DuPont is also reported to be discussing a potential alternative deal with Dow Chemical, which is exploring a sale of its seed and pesticide unit, another person familiar with the matter was cited as saying by the newspaper.

The discussions are at an early stage and may result in no deal, the people said. Syngenta declined to comment on the report when contacted by CNBC Friday.

Read the full Wall Street Journal story here

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