Monsanto: New Roundup Pricing

On Sept. 17, Monsanto Co. outlined changes to its Roundup brand agricultural herbicide business which are expected to result in more competitive offerings for U.S. growers. Business changes include:

  • Adjusting the price of its Roundup brand agricultural herbicides.
  • Investing in U.S. manufacturing capacity to help provide a long-term, reliable supply.
  • Continuing to invest in product quality and new innovations while helping growers manage risk.

The company announced it is slashing price on its Roundup brand agricultural herbicides. “We anticipate farmers will see Roundup prices that are 50 percent of what they were last year,” said Glenn Stith, North American crop protection lead. “This new price is effective now as retailers and farmers begin planning for the 2010 planting season.

“The global glyphosate business was incredibly volatile in 2008 and 2009, resulting in a difficult situation for both suppliers and farmers to manage through,” Stith said. “Retailers and farmers faced uncertain product supply, rapidly fluctuating prices, and some quality issues from Chinese suppliers that led to crop safety concerns and failures in weed control.”

There are two primary sources of glyphosate — Monsanto and approximately 50 China-based companies, many of which are government-owned or controlled operations that frequently shift production based on changes in policy and need for the key raw materials. This can have a significant impact on supply to U.S. growers.

Stith explained that “Monsanto is investing to help U.S. farmers have a reliable supply of Roundup brand agricultural herbicides that is competitively priced and superior to generic imports. It is critical for U.S. farmers to have a trusted and reliable source in a highly competitive market that has seen dramatic fluctuations. We believe we can offer farmers a competitively priced product that is superior to the Chinese generics in the market.”

In the past two years, Monsanto invested $200 million in additional capacity in the Luling, LA, plant that supplies formulated Roundup agricultural herbicide brands. The added supply from Luling will come online in the months to come. The company has also made investments to increase mining capacity for glyphosate raw materials in southeastern Idaho. Proposed plans for the mine are currently under regulatory review.

The company is also actively investing in weed control research that will benefit growers. These include biotechnology traits like dicamba- and glufosinate-tolerance as well as chemistry solutions such as new formulations of dicamba and acetochlor.

“We realize that each season farmers make choices when it comes to the specific herbicides, seeds, and traits that they purchase,” said Stith. “Our investments in capacity show our commitment to providing farmers and retailers with a consistent supply of high-quality product with unsurpassed weed control when they make that decision.”

“The innovations in formulations offered by Roundup brand agricultural herbicides continue to establish the standard for weed control and crop safety,” said Matt Helms, North America crop protection marketing lead.

“Farmers and retailers know Roundup branded products offer them the highest levels of crop safety and weed control,” Helms explained. “There were an increased number of farmers reporting performance failures and crop safety concerns from inferior, Chinese-sourced glyphosate products. Our new, reduced price provides farmers the highest quality product, a Roundup brand, at a competitive price.”

Growers using Roundup brand agricultural herbicides continue to receive the backing of the Roundup Rewards program, which offers several programs to manage risk on the farm. Since it began, the Roundup Rewards program has paid farmers more than half a billion dollars through programs including replant, crop loss and Start Clean, Stay Clean program as well as warranties on Roundup brand agricultural herbicide performance.

“We encourage farmers to contact their local retailer as they plan for the 2010 season. Talk to them about the weed control programs that will meet local field conditions and design a full program approach,” Helms said.

(Source: Monsanto Co.)

Topics:

Leave a Reply

Herbicides Stories

HerbicidesEPA Expands Enlist Duo Herbicide Registration To 34 States
January 13, 2017
The U.S. EPA has expanded the geography for application of Enlist Duo herbicide from 15 to 34 states. This means Read More
HerbicidesHow Does Herbicide Resistance Evolve?
January 6, 2017
Herbicide-resistant weeds have evolved in response to repeated use of herbicides with the same site of action (SOA), according to Read More
Kochia
Herbicides9 Recommendations For Reducing The Risks Of Herbicide Resistance
January 5, 2017
To address the increasing urgent problem of herbicide resistance, the Weed Science Society of America makes the following recommendations: Reduce the Read More
Palmer amaranth in soybean stubble
HerbicidesMultiple Herbicide-Resistant Weeds And Challenges Ahead
December 28, 2016
The evolution and widespread distribution of herbicide-resistant weeds and their management is a challenge for crop producers and land managers, Read More
Trending Articles
AgriSync
Matt Hopkins17 Agriculture Apps That Will Help You Farm Smarter In 2017
December 9, 2016
Ag professionals are working smarter, not harder, than ever before. Smart farming technologies have enabled them to reduce costs, maximize Read More
R4023 Sprayer, John Deere
CropLife 100Ag Retail Equipment Report: The Green Party Continues
December 7, 2016
In the annual race for sales in the ag retail equipment marketplace, the color schemes for participants are a little Read More
Mike Stern
Precision AgClimate Corp. CEO Talks Retailer Support For Digital Ag
December 1, 2016
CropLife Magazine’s sister publication, AgriBusiness Global, recently sat down with Mike Stern, CEO of The Climate Corp., following the Monsanto subsidiary’s Read More
Precision AgTrimble Debuts End-to-End FMIS Platform
November 28, 2016
October’s inaugural PrecisionAg Vision Conference left this author with many thoughts and things to ponder in the coming months. Probably Read More
CHS Primeland
CropLife 100The 2016 CropLife 100 Report: Reviewing The Many Bulls And Bears Impacting This Year’s Marketplace
November 28, 2016
For virtually all of 2016, the nation was wholly focused on the big Presidential election. Some folks aligned themselves with Read More
Monsanto sign
Crop InputsMissouri Governor Meets With Bayer CEO To Discuss Monsanto Merger
November 21, 2016
Missouri Gov. Jay Nixon visited Bayer AG global headquarters in Leverkusen, Germany, on November 18 to discuss the proposed Bayer-Monsanto Read More
Latest News
Andersons Retail Store
UncategorizedThe Andersons To Close All Retail Stores; Shutdown Does…
January 16, 2017
In a stunning announcement to the Toledo area, The Andersons Inc. said on Sunday that it would close its two Read More
Trimble TMX-2050 In-Cab Display
Eric SfiligojPrecision To Lead Agriculture In 2017?
January 16, 2017
Another new year is upon us! And I’m certain I speak for many in the agricultural world when I say Read More
Corn
Eric SfiligojThe Mood From Madison? In A Holding Pattern
January 16, 2017
Last week, I had the chance to attend the annual Wisconsin AgriBusiness Classic show in Madison, WI. It’s been a Read More
Syngenta Sign
Crop InputsAccenture Helps Syngenta Transform Its Global Logistics
January 13, 2017
Syngenta, a leading agriculture company, has collaborated with Accenture to design and implement a new digital logistics operating model across Read More
Fall Creek Seth Harden The Nature Conservancy
StewardshipLocal Farmers’ Watershed Initiative: Continuous Improve…
January 13, 2017
The goal in the Big Pine Watershed Project is to more intentionally do what local farmers and responsible ag retailers Read More
HerbicidesEPA Expands Enlist Duo Herbicide Registration To 34 Sta…
January 13, 2017
The U.S. EPA has expanded the geography for application of Enlist Duo herbicide from 15 to 34 states. This means Read More
Olson Ag Enterprise
CropLife 100Wilbur-Ellis Acquires Nebraska Seed Retailer
January 13, 2017
Wilbur-Ellis’ Agribusiness, a recognized leader in precision agriculture technology and the distribution and marketing of plant protection, seed and nutritional Read More
ManagementDeere-Precision Planting Update and the Ag Secretary Wa…
January 12, 2017
Editors Paul Schrimpf and Eric Sfiligoj provide the latest on the court date for John Deere/Precision Planting and the quest Read More
Monsanto sign
Seed/BiotechMonsanto, NRGene Form Agreement For Big Data Genomic An…
January 12, 2017
Monsanto Co. and NRGene have announced that the companies have reached a non-exclusive, multi-year global licensing agreement on NRGene’s genome-analysis Read More
AGCO Custom applicator
SprayersAGCO, Asmark Institute To Offer Training For Beginning …
January 11, 2017
AGCO Corp. and the Asmark Institute are collaborating to offer a new training program dedicated to educating and developing custom Read More
ManagementAg Land Values In Limbo In 2017
January 10, 2017
Several factors will come into play in 2017 that will determine the direction of land values. Randy Dickhut, senior vice Read More
Industry NewsPattison Agriculture Positioned To Be Leading Canadian …
January 10, 2017
Pattison Agriculture Limited (Pattison Agriculture), a division of The Jim Pattison Group (the Pattison Group), has announced the merger of Read More
Fertilizer Tender close-up
MicronutrientsHow Micronutrients Fit Into 2017 Fertility Plans
January 10, 2017
Where do micronutrients stand going forward in fertility plans? For one thing, Tim Mundorf, Field Representative with Midwest Laboratories, says Read More
Fertilizer application
State of the IndustryCautious Optimism On Fertilizer In 2017
January 10, 2017
What kind of fertilizer rates are growers and retailers looking at in 2017 and beyond? According to stakeholders CropLife magazine Read More
Asmus Farm Supply crop protection products in storage
State of the IndustryCrop Protection Products Market: Complexity Begets Oppo…
January 10, 2017
While other key market segments in agriculture continue to see tumultuous shifts in sales volumes going forward (large equipment sales are Read More
RoGator RG1300B AGCO
Sprayers10 Sprayers That Will Showcase The Latest Application T…
January 10, 2017
Sprayer manufacturers continue to step up their games with the latest in application technology. From direct injection systems and four-wheel Read More
Soybean Field
FungicidesGrowers Report Yield Boost, Extended Residual Disease C…
January 9, 2017
With the new growing season around the corner, it’s time to start thinking about inputs for 2017. As growers weigh Read More
Donald Trump
Eric SfiligojTrump’s New Ag Secretary Coming Soon?
January 9, 2017
As agricultural experts are quick to point out, incoming President Donald Trump largely has the nation’s growers to thank for Read More