more consolidation within the ag industry, but this time, it's a chinese based company jumping head first into the seed business. chemchina announcing its buying syngenta with a 43 billion dollar cash offer. syngenta says the existing management will stay in place and continue to be based in switzerland, with offices in the u-s. the deal still has to clear syngenta will need to divest part of its business. iowa senator chuck grassley says the purchase is something he plans to take a close look at as chair of the senate judiciary committee. there are also questions about national security and whether the company's locations would be too close to u.s. military bases. in response, the national farmers union expressed concern of such a move saying, quote, in this case, syngenta would be owned by a company controlled by the chinese government. for an increasingly consoidated sector of agriculture, this is of particular concern since state-owned business frequently do not act in economially rational or predictable ways. speaking of china, monsanto receiving chinese approval for its roundup ready 2 extend soybeans this week. that means the product that has re