News
Biotech Wheat on the Way
Published May 3, 2024
Biotechnology and gene-editing are seen as a way to deliver high-yield stability to the wheat business. U.S. Wheat Associates Director of Trade Policy Peter Laudeman said this technology is on the horizon. "You've got this company out of Argentina, Bioceres that's…Welcome Moisture
Published May 3, 2024
The southern Red River Valley is going through its wettest spring in years. Keith Alverson, who farms at Chester, South Dakota, is happy with the moisture. "For the first time since 2019 we're gonna go into the planting season with…Quarterly Financials Released by ADM
Published May 3, 2024
Archer Daniels Midland is reporting fiscal year 2024 first-quarter earnings of $1.3 billion. That is down 24 percent from the first quarter of 2023. ADM’s Ag Services and Oilseeds segment is reporting an operating profit of $864 million during the…A Difficult Quarter in the Fertilizer Industry
Published May 3, 2024
The fertilizer company, CF Industries, had first-quarter net earnings of $194 million. One year ago, CF had first-quarter net earnings of $560 million. The severe cold in January and some unplanned maintenance were a disruption this past quarter. Sales volumes…Net Income Drops 17% for CNH Industrial
Published May 3, 2024
CNH Industrial reports net income of $402 million in the first quarter. That compares to $486 million in the same quarter last year. In North America, the lower horsepower tractor sales volumes were down 15 percent. The sales for tractors…Corteva Net Income Declines
Published May 3, 2024
Corteva's net income was down 30 percent in its most recent quarter, dropping to $419 million. Overall sales were down eight percent. Net sales declined 20 percent in crop protection and grew two percent in seed.Syngenta Sales Down 20% in First Quarter
Published May 3, 2024
The Syngenta Group had first-quarter sales of $7.4 billion, down $1.8 billion from the first quarter of 2023. Sales have continued to be impacted by destocking in the crop protection sector as distributors and retailers further reduced inventories. Crop Protection…Turner Moves to Pivot Bio
Published May 3, 2024
Pivot Bio has named Chris Turner as its Chief Commercial Officer. Previously, Turner was the head of the U.S. Crop Science division for Bayer.Environment Bill Moves to the MN Senate
Published May 3, 2024
The Minnesota House passed the environment and natural resources supplemental policy and finance bill with a 68-63 vote. For agriculture, it calls for an Environmental Impact Statement for livestock operations with more than 10,000 animal units. There's also a provision…