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

FertilizerFall Fertility 2014: Forecasting Fertilizer Use
September 7, 2014
Great crops this year have tapped the soil, and fall work is definitely called for, but how challenging will that get? Read More
CropLife 100CHS To Build $3 Billion Fertilizer Plant In North Dakota
September 5, 2014
The fertilizer plant in Spiritwood will be the single largest investment in CHS history, as well as the single largest private investment project ever undertaken in North Dakota. Read More
CropLife 100Pinnacle Acquires East Kansas Chemical
September 2, 2014
Ranked 82nd on the CropLife 100, East Kansas Chemical will operate as part of Pinnacle's Performance Agriculture brand. Read More
CropLife 100Pinnacle Acquires California-Based Retailer
August 29, 2014
Pinnacle Agriculture Holdings will acquire Kerman Ag Resources, Inc., which will operate under Pinnacle's Performance Agriculture brand. Read More

Trending Articles

CropLife 100CHS To Build $3 Billion Fertilizer Plant In North Dakota
September 5, 2014
The fertilizer plant in Spiritwood will be the single largest investment in CHS history, as well as the single largest private investment project ever undertaken in North Dakota. Read More
EquipmentNew Holland Acquires Miller-St. Nazianz
September 3, 2014
The assets of Miller acquired as part of the transaction will become part of New Holland Agriculture, a CNH Industrial brand, building on a successful four-year partnership between the two companies. Read More
CropLife 100Pinnacle Acquires East Kansas Chemical
September 2, 2014
Ranked 82nd on the CropLife 100, East Kansas Chemical will operate as part of Pinnacle's Performance Agriculture brand. Read More
MAGIE 2014 ShowStopper
EquipmentJohn Deere Again Wins MAGIE ShowStopper Award
August 25, 2014
For the second consecutive year, John Deere was honored at the Midwest AG Industries Exposition (MAGIE) for its new R4045 sprayer. Read More
ManagementExpert To Discuss Farmland Value, Rent At Farm Science Review
August 18, 2014
While cropland values in Ohio increased in the past two years, they have remained flat in 2014, declining in some cases, according to an Ohio State University agricultural economist. Read More
EquipmentAdvance Your Technology IQ At MAGIE
August 13, 2014
The Midwest AG Industries Exposition (August 20-21) is the place you need to be to see, study and evaluate how new advances in the equipment, operations, crop protection and fertility sectors can help your business prosper. Read More

Latest News

Seed/BiotechUSDA Approves Enlist Following Rigorous Review
September 18, 2014
Dow AgroSciences now awaits EPA registration of Enlist Duo herbicide, the companion herbicide to the Enlist traits, which is expected in the near future. Read More
BlendersYargus Appoints New Plant Manager
September 18, 2014
Steve Shaffer will direct and coordinate daily operations at the company’s Marshall, IL, manufacturing plant, where the Layco line of material handling equipment is produced. Read More
CropLife 100Pinnacle Acquires Kansas-Based Cedar Ridge Supply
September 16, 2014
Cedar Ridge Supply will operate as part of Pinnacle's Performance Agriculture brand. Read More
StewardshipSecretary Vilsack Highlights Innovative Conservation Ef…
September 15, 2014
Nearly $16 million in Conservation Innovation Grants (CIGs) will be awarded to 47 organizations to help develop cutting-edge ideas to accelerate innovation in private lands conservation. Read More
Seed/BiotechSyngenta Responds To Cargill Lawsuit
September 15, 2014
Syngenta believes that the lawsuit is without merit and strongly upholds the right of growers to have access to approved new technologies. Read More
Equipment2014 Farm Science Review Launches Mobile App
September 15, 2014
Smartphone and tablet users planning on attending the 2014 Farm Science Review can now download this year’s customized mobile application. Read More
CropLife 100Southern States Coop Grower Sets Georgia Soybean Yield …
September 15, 2014
Georgia farmer Randy Dowdy's soybeans yielded an astonishing 110.66 bushels per acre, crushing the previous record of 82 bushels-per-acre. Read More
NIMITZ Treated vs Untreated pepper plant
InsecticidesNIMITZ Nematicide Approved By EPA
September 12, 2014
NIMITZ is a novel, non-fumigant nematicide with simplified application features, user safety and an active ingredient with a unique mode of action. Read More
InsecticidesMarrone Bio Innovations Receives Patent For Chromobacte…
September 11, 2014
The patent is the first step for MBI in developing a commercially viable product to inhibit infestations of corn rootworm larvae across America and other regions. Read More
HerbicidesDow AgroSciences: Keeping The Pipeline Stocked
September 11, 2014
Dow AgroSciences is embracing product diversity to drive the company’s future. Read More
CropLife 100CHS Is Official Partner Of New St. Paul Ballpark
September 10, 2014
The new ballpark in St. Paul, MN, officially became CHS Field with Twin Cities-based CHS Inc. revealed as the naming rights partner. Read More
EquipmentHagie Honors Farming Stewardship Leaders
September 10, 2014
The Iowa Farm Environmental Leader award recognizes Iowa farmers as environmental leaders that are committed to healthy soils and improved water quality. Read More
Precision AgPlantBeat: Your Plants’ Pulse In The Palm Of Your Han…
September 10, 2014
A new agronomic monitoring and recommendation service from Phytech could rewrite the book on real-time plant health status monitoring. Read More
StewardshipCCAs Making Headway With 4R Program In Lake Erie Wester…
September 9, 2014
Certified Crop Advisers are implementing the 4R Nutrient Stewardship Certification program in Lake Erie's Western Basin to improve water quality. Read More
MicronutrientsMicronutrients Going Macro
September 9, 2014
Between 2014’s fantastic growing conditions and a heightened awareness on plant nutrition, the major players in micronutrients are gearing up for another big year. Read More
Crop InputsFMC Announces Cheminova Takeover
September 8, 2014
FMC Corporation today announced that it has signed a definitive agreement to acquire Cheminova, a wholly owned subsidiary of Auriga Industries. Read More
HerbicidesValent’s Fierce XLT Herbicide Receives EPA Approv…
September 8, 2014
Valent U.S.A. Corp. announced today that Fierce XLT Soybean Herbicide is now federally registered for preemergence weed control in soybeans Read More
Eric SfiligojIndustry Consolidation Set To Increase Going Forward
September 8, 2014
As the agricultural marketplace moves into fall, one observer predicts the pace of consolidation will grow at all levels. Read More