agricultural busi jon jonas oxgard joins us. welcome, jonas, nice to have you with us tonight.et's start first of all with -- i think you think that this might be good for perhaps one part. or party in the deal. but not necessarily together. >> yeah. it's clearly good for monsanto. they get a 44% premium on their undisturbed price. and this is a good premium, by any standard. it's hard to see how this is truly value-creating for them. it's 5 to 6% return investment. a big investment for fairly low returns. >> what do you see as the regulatory risk here? >> so technical regulatory is actually not that bad. they don't have a lot of truly overlapping sales. but the political risk, i think, is significantly higher. farmers are clearly incensed about this. we had -- was it 250 farmers in washington make their case in front of willsack and others. grassley holding hearings next week in the senate on the space. and yeah, the farmers are upset. and i think the politicians, particularly the corn belt, where there soon will be job cuts. >> explain why the farmers are enset. upset. in cre