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

Palmer amaranth
HerbicidesSeed Industry Introduces New Palmer Amaranth Test
January 31, 2017
Weed seed can be spread in a variety of ways-including by air, animals, rain, soil and mechanical means. In a Read More
Giant Ragweed
HerbicidesHerbicide Resistance Goes Viral On Twitter
January 26, 2017
“Think differently. Behave differently. Diversify however you can. Not every practice fits on every acre.” That was the message from Read More
Giant Ragweed
HerbicidesStudy: Focusing On Weed Seedbank Can Help Manage Herbicide-Resistant Giant Ragweed
January 18, 2017
Researchers writing in the latest issue of the journal Weed Science provide important insights on the control of herbicide-resistant giant Read More
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
Trending Articles
Farmer and aptop
Matt Hopkins10 Warning Signs Your Website Is Grossly Outdated
February 8, 2017
Your Website is often a visitor’s first impression of your ag retail business. A positive first impression can set the Read More
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
Latest News
Greenleaf Technologies TADF03-D Dual Fan Nozzle
NozzlesSix Greenleaf Nozzles Approved For XtendiMax With Vapor…
February 22, 2017
Greenleaf Technologies has announced that six of its TurboDrop D Series nozzles have been approved for use with Monsanto’s XtendiMax Read More
Winter Wheat
Industry NewsTiger-Sul Hires Manitoba And Eastern Canada Account Man…
February 22, 2017
Tiger-Sul, a global leader in sulphur fertilizers and crop performance products, has announced that sales veteran Trevor Loewen has joined Read More
NFMS 17 Hagie Sprayer
Eric SfiligojThe Read From Louisville: Uncertain
February 22, 2017
By the time this column appears across the country, the annual Commodity Classic will be in full swing. This means Read More
SprayersApache 1000 Series Sprayer Earns 2017 EquipmentWatch Hi…
February 21, 2017
ET Works has been named a winner in the 2017 EquipmentWatch Highest Retained Value Awards program, the industry’s only award Read More
Measuring Bulk Tanks
StewardshipMeister Media Among 2017 Award Winners Presented By The…
February 21, 2017
The Pesticide Stewardship Alliance (TPSA) held its annual conference in San Diego, CA, earlier this month where three awards were Read More
John Reifsteck
CropLife 100GROWMARK’s Reifsteck Earns NCFC Director Of The Y…
February 21, 2017
GROWMARK Chairman of the Board and President John Reifsteck has earned the prestigious Director of the Year Award from the Read More
Roy Blunt
LegislationARA Recognizes Blunt, Heitkamp For Legislative Efforts …
February 17, 2017
Agricultural industry continues to face federal regulatory challenges. Thankfully, agriculture’s allies in the U.S. Senate stepped forward. The Agricultural Retailers Read More
LegislationThe Fertilizer Institute Commends Senate On Confirmatio…
February 17, 2017
The Fertilizer Institute (TFI) President Chris Jahn issued the following statement on the Senate confirmation of Oklahoma Attorney General Scott Read More
Trump, Senate, Cabinet
LegislationBREAKING: Trump EPA Nominee Scott Pruitt Confirmed by S…
February 17, 2017
Scott Pruitt, who as Oklahoma’s attorney general spent years suing the Environmental Protection Agency over its efforts to regulate various Read More
ManagementFebruary Road Trip Edition
February 17, 2017
Editors Paul Schrimpf and Eric Sfiligoj discuss their recent visits to Indiana and Kentucky. Read More
Heritage Cooperative Finished Building Aerial
ManagementHeritage Cooperative, Agland Co-op Approve Merger
February 17, 2017
Agland Co-op and Heritage Cooperative stockholders have both approved the merger agreement between Agland Co-op and Heritage Cooperative. Now begins Read More
LegislationARA Fly-In: Ag Retail Descends on Capitol Hill, Lawmake…
February 15, 2017
More than 100 agricultural retailers, distributors and suppliers headed to Capitol Hill Tuesday morning for the Agribusiness Congressional Fly-in, according to a Read More
Untreated soybean seed Heartland Coop
Seed/BiotechMarrone Bio Innovations, Groundwork BioAg Bio-stacked M…
February 13, 2017
Marrone Bio Innovations, Inc. and Groundwork BioAg, Ltd have announced successful seed treatment field trials of the world’s first all-biological Read More
NL5000 With G5 Technology
SpreadersNew Leader Introduces NL5000 Dry Nutrient Applicator Wi…
February 13, 2017
New Leader, a division of Highway Equipment Company (HECO), has announced the next generation of spreading technology with the NL5000 Read More
Fertilizer Storage
Crop InputsThe State Of The Fertilizer Industry
February 9, 2017
He’s all hat, no horse.” It’s a humorous way of describing a person who tells a good story, but is Read More
CropLife 100Pinnacle Agriculture Agrees To Credit Agreement Amendme…
February 9, 2017
Pinnacle Operating Corp. has entered into an amendment (the “Amendment”) to its First Lien Credit Agreement that will provide for, Read More
ManagementUpdates on Upcoming Trips, Dow-DuPont, and the Des Moin…
February 9, 2017
Editors Paul Schrimpf and Eric Sfiligoj review a few future travels, along with the latest on big company mergers and Read More
Championship Tractor Pull
EquipmentNational Farm Machinery Show Highlighted By Championshi…
February 9, 2017
The scream of monster engines, the stench of burning rubber and the ground-pounding vibrations of the country’s largest, loudest and Read More