Subscribe in NewsGator Online   Subscribe in Bloglines

Over the top

Aug 1, 2008 12:00 PM, By Mark Moore

  • Syngenta's revenues have increased from $6.3 billion in 2001 to $9.2 billion last year. “Syngenta's ADR [American Depository Receipt] stock growth of more than 600% since the company's creation reflects the growing interest and confidence of its stockholders, who want to see innovation, creativity and responsiveness to the marketplace as well as exceptional financial management,” says Jennifer Gough, head of investor relations for Syngenta. In 2007, crop protection sales were up 11% at $7.3 billion, and seed sales were up 12% to $2 billion. The company's stock has seen an increase of more than 66% over the past 12 months.

  • The Mosaic Company is anticipating “robust fourth quarter results in fiscal 2008 as strong demand and the tight supply situation continues for crop nutrients,” according to Jim Prokopanko, president and CEO of Mosaic.

    Investor attraction
  • Agrium in early June announced that it expects to earn between $2.80 to $3.00 diluted earnings per share in the second quarter of 2008, or $4.03 to $4.23 for the first half of 2008. “Our excellent results are due to strong performance from both our retail and wholesale operations, which is particularly impressive given that the North American spring application season has been hampered by excessively cold and wet weather this year,” says Mike Wilson, Agrium president and CEO. “Continued strong global crop prices have created unprecedented demand for crop inputs and we foresee an extended demand-driven cycle.”

  • Although accounting for only 7% of The Dow Chemical Company's sales, the Dow AgroSciences division is basking in record profits. According to presentations by Jerome Peribere, president and CEO of Dow AgroSciences, the compound annual growth rate in sales was 6% from 2001 to 2007, while earnings before interest and tax saw a compound annual growth rate of 23% during that same period. In the first quarter of 2008, sales in the division grew 27%, an all-time record quarter.

  • With Bayer CropScience sales approximately 20% of Bayer Group sales, it is difficult to separate the effect of the booming ag industry on the company''s share price, according to Friedrich Berschauer, chairman of the board of management for Bayer CropScience AG. “While the main investor focus lies in the HealthCare part of the portfolio, Bayer CropScience results make an important contribution to the overall value of Bayer AG shares,” he says. “During recent months we have recognized an increasing interest on CropScience topics by our investors and analysts, and some upside is seen in the valuation of this part of our business.”

    Caution warranted
  • On the equipment side, earnings per share for Deere and Company were up 28% for the second quarter of 2008, and net sales and revenues were up 18% to a quarterly record. For the first six months of the year, net income was $1.133 billion, compared with $862.3 million last year.

    Deere's agricultural sales increased 34% for the first half of the year, boosting operating profits to $1.114 billion, compared with $624 million for the same period last year. Deere expects that a continued strong global ag market will boost worldwide sales of agricultural equipment by about 35% for all of 2008.

  • Most Recent Story

    VIDEOS

    PRODUCTS

    TECHNOLOGY

    FINtv

    Farm Industry News TV

    Watch video produced by the editors to show the latest equipment from the NFMS and UV Rodeo.

    product tests

    Product Tests

    See the results of the latest farm product tests conducted by Team FIN farmers and magazine editors.

    green agriculture

    Green Agriculture

    Recent articles on Biofuels, Water Quality, Credits, and what "green" practices will impact your business.

    Featured FIN Video

    BASF Stepping up to the Plate

    Get the Flash Player to see this player.

    View More FIN tv Videos


    Product Info

    Visit our online resource to find products and services offered by advertisers featured in Farm Industry News magazine.

    More

    Continuing Education

    Click here for a complete list of Continuing Education Courses


    CCA Accredited for 2.0 Units in Nutrient Management:


    (New Course)
    Utilizing Calcium as Nutrient That Protects Against Disease Organisms

    This online accredited course focus on Calcium, an important plant nutrient in fertilizer management for maximum, healthy plant development as well as disease and pest prevention. It is accredited for Certified Crop Adviser credit as well as state hours/credit in California, Georgia, Pennsylvania, West Virginia and New Jersey. Credit pending in Florida, South Carolina, Tennessee, Virginia and Washington.

    This course is accredited for CCA Credits:


    (New Course)
    Spray Drift Management

    Keeping crop protection chemicals on the crop for which they are intended has been a cornerstone of farming not only to protect neighboring crops, but to not waste money allowing products to drift off the intended target. This accredited online continuing education course covers the critical elements of spray drift management.

    Browse Back Issues

    Browse Back Issues