Dow AgroSciences, a wholly owned unit of Dow Chemical Company, announced a new investment in the Australian wheat industry.

Dow AgroSciences reached an agreement with HRZ Wheats, a wheat breeding company established in 2003 with the specific charter of providing wheat farmers in the high rainfall zone of Australia with high yielding, milling quality varieties.

Pursuant to the deal terms, Dow AgroSciences and HRZ would exchange wheat germplasm, and HRZ would gain access to advanced breeding services, technologies and funding to help accelerate delivery of superior wheat varieties to Australian farmers.