News
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…Bean to Serve Beet/Cane Industries
Published May 3, 2024
Casey Bean has joined the American Sugar Alliance as its trade consultant. Most recently, Bean served as an agricultural counselor with the Senior Foreign Service at the U.S. Embassy in Bogota, Colombia.NCBA Promotes Johannes
Published May 3, 2024
The National Cattlemen's Beef Association has promoted Sigrid Johannes to senior director of government affairs. With the promotion, Johannes will take on responsibilities for lab-grown meat, cattle health and welfare, food safety and animal disease traceability.