News
Bayer Sees a Sales Increase
Published November 8, 2022
Bayer finished the third quarter with net income of $546 million, up from $85 million one year ago. The Crop Science division enjoyed strong growth with sales increasing more than eight percent. Herbicide sales were strong due to price increases…TFI: Rail Strike Would be Devastating
Published November 8, 2022
The Fertilizer Institute is warning Congress a railroad strike would be devastating for fertilizer manufacturing and fertilizer distribution to farmers. President and CEO Corey Rosenbusch said the trucking and river systems are already having problems. In a letter to congressional…Hurricane Ian Impacts Mosaic Financials
Published November 8, 2022
The Mosaic Company is reporting third quarter net income of $842 million. Profits were influenced by Hurricane Ian and a drop in sales volume. Mosaic said fertilizer application rates are trending toward normal levels this fall after a downturn in…Agribusiness Takes Proactive Step at COP27
Published November 8, 2022
Fourteen major ag companies, including Cargill, ADM, JBS and COFCO, have announced a plan to deal with climate change. During the United Nations Climate Summit, the agribusiness firms said they plan to eliminate deforestation from their supply chains for soybeans,…Strong Loan Growth and Credit Quality for AgriBank
Published November 8, 2022
For the nine months ending September 30, St. Paul-based AgriBank had net income of $576.1 million. That's up from $558.7 million during the same period one year ago. Net interest income topped $621 million, an increase of eight percent from…Flexibility Offered With New Corn Herbicide
Published November 8, 2022
Valent will have a limited supply of its new Maverick premium corn herbicide in 2023. Valent Product Manager Erick Garcia says this weedkiller features three modes of action. "Maverick is the first corn herbicide to feature the active incredient pyroxasulfone,…The Bull Pen
Published November 7, 2022
Basis levels remain positive across the Northern Plains. "Most people's bins were empty due to the drought in Canada and the Dakotas so we have lots of space available and a lot of staying power for the Northern Plains farmer,"…Rural Versus Urban Vote
Published November 7, 2022
Rural voters may be a deciding factor in the midterm election. "People like to put it to different categories of race, gender, and economic status, but the big break point this time is going to be between rural and urban…What’s Hot, What’s Not in the Markets
Published November 7, 2022
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson says a lack of rain in the wheat wheat region will boost that market this week. Corn has been on the…