Positive Picture For Ag Sector

Want to know about the state of agriculture during this economic crisis? Check out these recent reports on several crop protection/seed companies.

• Syngenta: Seeds, Ag Chemicals Boost Sales
Syngenta reported global sales in the third quarter of 2008 increased by 28 percent at constant exchange rates (CER). Reported sales were 33 percent higher at $2.3 billion. In the first nine months of the year sales were up 22 percent (CER) to $9.6 billion.

In the crop protection sector, third quarter sales were 26 percent higher (CER), with volume growth of 12 percent and price realization, including glyphosate, ahead of target at 14 percent. In NAFTA, the growth rate increased significantly driven by the expansion of the corn fungicide market and strong herbicide demand.

Seeds sales increased by 41 percent (CER) in the quarter. Sales of corn and soybean more than doubled, with lower returns in the U.S. and excellent growth in Brazil, where both crops benefited from expanding demand and an enhanced offer.

Syngenta’s target for earnings per share growth is the high teens in 2009.

(Source: Wire Services)

• Monsanto: Standard & Poor Raises Ratings
Standard & Poor’s Ratings Services said Oct. 21 that it raised its long-term ratings on Monsanto Co. because of the seed and herbicide maker’s solid market position, strong demand for its products, and high research and development spending.

Standard & Poor’s increased the ratings on Monsanto, the world’s largest seed maker, to ‘A+’ from ‘A.’ It also affirmed the St. Louis-based company’s ‘A-1′ short-term ratings. All of the ratings are investment grade.

The ratings agency said the outlook for Monsanto is "Stable," though the service said the manufacturer is less diversified than most comparably rated companies and must rely on the cyclical global agricultural economy.

Standard & Poor’s said Monsanto has been helped by an "impressive pipeline" of new products that should bolster future earnings and cash flow. The agency said it believes opposition to genetically modified foods is less of a threat as acceptance becomes more widespread and "no health problems have emerged."

Earlier this month, Monsanto reported that its net loss narrowed to $172 million as sales rose 35 percent in its fourth fiscal quarter, generally a losing quarter for the company because of seasonal seed sales.

(Source: AP)

• Dow AgroSciences: Adds 350 Jobs Globally In 2008
Dow AgroSciences has created 350 new positions globally in 2008 as a business advancing new technology in the growing global agricultural marketplace.

These jobs are being added around the world to forward the company’s research and development work as well as to produce and commercialize its new products. More than half of the jobs were added at the global headquarters in Indianapolis. In addition, the company is expanding its workforce through employees added via acquisition, with seven seed companies being acquired in the last year.

The company’s success in 2008 underscores the need for an expanded workforce, and the company expects to continue hiring in 2009. Dow AgroSciences set a new first half record for both sales and earnings before interest and taxes. Numerous collaborations and research milestones have also been announced.

(Source: Dow AgroSciences)

Leave a Reply

Featured Stories
Syngenta Sign
Eric SfiligojMonsanto-Syngenta Could Hinge On A Judgment Of Solomon Inspired Solution
May 26, 2015
In the bible, the reputation of King Solomon’s wisdom in matters of despite comes from a tale of one child Read More
StewardshipBayer Entomologist Issues Statement On Annual Honeybee Losses
May 13, 2015
Richard (Dick) Rogers, Principal Scientist / Entomologist, Bayer Bee Care Center for Bayer CropScience LP, today issued the following statement Read More
Monsanto Sign
Eric SfiligojThe Cat & Mouse Game Between Syngenta And Monsanto Begins
May 11, 2015
Last week, I talked about how two crop protection industry giants, Syngenta and Monsanto, had engaged in some acquisition discussions. Read More
Syngenta
Eric SfiligojWill Monsanto And Syngenta Combine This Time?
May 4, 2015
Under the heading of “never say never,” it sounds as if crop protection/seed giants Monsanto Co. and Syngenta are once Read More
Top 100 Articles
CropLife 100The Andersons Acquires South Dakota Plant Nutrient Manufacturer Kay-Flo
May 20, 2015
The Andersons, Inc., ranked No. 22 on the CropLife 100, has purchased Kay Flo Industries of North Sioux City, SD. “This Read More
CropLife 100North Central Farmers Elevator, Wheat Growers Unification Approved By Board, Still Awaits Member Approval
May 13, 2015
The Boards of Directors for North Central Farmers Elevator (NCFE) and Wheat Growers (WG) have voted to approve the Unification Read More
CropLife 100AgGateway’s Barcoding Initiative Progressing Nicely
May 8, 2015
According to legend (or Wikipedia), the first step towards modern bar codes came back in 1948, when Bernard Silver, a Read More
CropLife 100Pinnacle Agriculture Acquires Minnesota Retailer
April 14, 2015
Pinnacle Agriculture Holdings, LLC, ranked No. 6 on the CropLife 100,  has successfully acquired Liebl Ag, LLC in Ada, MN.  Read More
CropLife 100CHS, Aurora Cooperative Complete Fertilizer Storage, Grain Shuttle Loading Facility
April 13, 2015
CHS Inc., the nation’s leading cooperative and ranked No. 5 on the CropLife 100, and Aurora Cooperative (ranked No. 21) Read More
CropLife 100GROWMARK Acquires Missouri Refined Fuels Terminal
April 2, 2015
Bloomington, IL-based GROWMARK and Magellan Pipeline Co. have entered into an agreement in which GROWMARK will acquire the refined fuels Read More
Latest News
Waterhemp in soybean stubble
HerbicidesEPA Signs Off On Monsanto’s Warrant Ultra Premix
May 27, 2015
Soybean and cotton growers looking for new tools to manage weeds will have a new, first-of-its-kind option in 2016 with Read More
Palmer pigweed seedhead in cotton
HerbicidesSTUDY: Weed Diversity Primarily Influenced By Geography
May 27, 2015
The potential long-term impacts of glyphosate-resistant crops on biodiversity of the agricultural landscape have been the subject of controversy. A Read More
Seed/BiotechAgrilead Forms Distribution Alliance With Kansas-Based …
May 27, 2015
Agrilead, Inc. announces the formation of a strategic alliance with KALO, Inc. of Overland Park, KS. Through the alliance, KALO Read More
EquipmentPrecision Tank Announces A&B Welding Acquisition
May 27, 2015
Precision Tank, a specialized tank and equipment manufacturer, announced today the acquisition of A&B Welding of Thompson, IA, a manufacturer Read More
Allied Cooperative Grain Plant
ManagementTraining Program Gives First Responders Skills For Grai…
May 27, 2015
When stored grain forms hard bridges, columns and other irregularities, those working to correct it find themselves at risk of Read More
Industry NewsBASF Sponsors Space Farming Research Project
May 26, 2015
Is it possible to produce large quantities of high quality vegetables on a space station, about 320 kilometers away from Read More
FertilizerTexas Ammonium Nitrate Bill Passes Senate, Heads To Gov…
May 26, 2015
The Texas State Senate gave final approval last Thursday to new regulations for ammonium nitrate, reports The Dallas Morning News Read More
Young corn plants
Industry NewsArysta Europe Details New Organizational Structure
May 26, 2015
Arysta LifeScience Europe recently announced a new organizational structure to leverage its scale and accelerate the company’s growth in this Read More
Syngenta Sign
Eric SfiligojMonsanto-Syngenta Could Hinge On A Judgment Of Solomon …
May 26, 2015
In the bible, the reputation of King Solomon’s wisdom in matters of despite comes from a tale of one child Read More
ManagementA New Sprayer Company & UAV Research In The Spotlig…
May 21, 2015
CropLife’s Paul Schrimpf and Eric Sfiligoj talk about a Dutch sprayer manufacturer entering the U.S. with a super-sized entry and Read More
HerbicidesFirst U.S. Sale Of Enlist Duo Herbicide Made By Dow Agr…
May 21, 2015
Dow AgroSciences has recorded the first U.S. sale of Enlist Duo herbicide with Colex-D Technology. This marks the first commercial Read More
CropLife 100The Andersons Acquires South Dakota Plant Nutrient Manu…
May 20, 2015
The Andersons, Inc., ranked No. 22 on the CropLife 100, has purchased Kay Flo Industries of North Sioux City, SD. “This Read More
EquipmentNORAC Options Coming To TerraGator
May 19, 2015
Utilizing NORAC’s Standard Control technology, boom height control is now available for TerraGators with Airmax Precision 2 and Benson Booms. This Read More
Crop InputsHelena Introduces New Soil Health Product
May 19, 2015
Helena Chemical Co. is helping agricultural producers maximize yields and efficiency with the introduction of Liquid Chisel, a new product Read More
Stewardship4R Nutrient Management Planning Certification Now Avail…
May 19, 2015
The American Society of Agronomy (ASA) and the International Certified Crop Adviser (ICCA) program announce a new specialty certification in Read More
Environmental Defense Fund logo
Paul SchrimpfEnvironmental Defense Fund: Appreciating Partners
May 19, 2015
I WAS deep in the throes of preparation for the Commodity Classic meeting that took place this past February, trying Read More
WebinarsUpcoming Webinars
May 19, 2015
Register for one of our upcoming Webinars or access our archive of past Webinars to view recordings of presentations that may be of interest to you. Read More
Syngenta Sign
Seed/BiotechSyngenta Responds To Lawyer’s Victory Claim In Vi…
May 18, 2015
A plaintiff’s lawyer has issued a public statement claiming that damages have been awarded in the Agrisure Viptera corn lawsuits Read More