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

Latest News
Young Corn Plants
ManagementTimac Agro USA Acquires Michigan Ag Retailer
January 20, 2017
Timac Agro USA, an agriculture supply company specializing in high-efficiency plant and animal nutrition products, has acquired St. Louis,MI-based A&E Ag, Read More
Soybean field
Crop InputsNufarm Teams Up With John Deere Financial
January 19, 2017
Nufarm and John Deere Financial have teamed up to help farmers grow a better tomorrow. This program helps make purchases Read More
Sonny Perdue
LegislationTrump Formally Picks Perdue As Agriculture Secretary
January 19, 2017
U.S. President-elect Donald Trump officially announced Sonny Perdue as his choice for secretary of agriculture on Thursday, selecting a former Read More
ManagementPresident Trump, Wisconsin Review, and a Dow-DuPont Upd…
January 18, 2017
Editors Paul Schrimpf and Eric Sfiligoj reflect on a new administration, a recent winter show, and crop protection company mergers. Read More
Industry NewsBayer, MS Technologies Get China Approval For Balance G…
January 18, 2017
MS Technologies and Bayer have received import approval from China for Balance GT soybeans. The new Balance GT Soybean Performance Read More
Werner Baumann, Bayer AG, and Hugh Grant, Monsanto
Industry NewsReport: Monsanto, Bayer CEOs Among Latest to Make Trump…
January 18, 2017
The chief executive officers of German chemical giant Bayer AG and U.S. seed behemoth Monsanto, Werner Baumann and Hugh Grant, Read More
Giant Ragweed
HerbicidesStudy: Focusing On Weed Seedbank Can Help Manage Herbic…
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
Management3 Financial Trends To Watch In Agriculture
January 17, 2017
I recently had the opportunity to attend a meeting of credit managers for Midwest ag supply and input companies, in part Read More
Andersons Retail Store
CropLife 100The 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