“A new report from the European Union Intellectual Property Office (EUIPO) shows that 13.8% of legitimate revenues are lost each year due to counterfeiting of pesticides in the EU- 28.
- Those lost sales translate into 2,600 jobs directly lost across the pesticides sector in the EU, as legitimate manufacturers employ fewer people than they would have done in the absence of counterfeiting.
- When the knock-on effects of counterfeit pesticides in the marketplace are taken into account, 11,700 jobs are lost in the EU economy.”
Adama Agricultural Solutions recently withdrew its plans for an initial public offering on Tuesday, citing changing company strategy. It had set terms for a $400 million IPO by offering 23.5 million shares at a price range of $16 to $18 in November 2014.
Is the shine off the IPO pumpkin?
“The foundation of the Andermatt USA subsidiary helps to increase market penetration and to secure long-term success in a fast-changing market.
- With the approval and successful launch of Helicovex and Spexit on the US market in 2015 and 2016, Andermatt Biocontrol has developed a broad network with links to various stakeholders.
- The focus will be not solely on organic farming but also on IPM farms.
- An ever-expanding portfolio, high-level technical support and cooperation with key stakeholders will provide US producers with valuable tools for effective crop protection.”
“Arysta LifeScience, a Platform Specialty Products company, announced recently an increase in the value of its research and development (R&D) pipeline from the addition of seven active substances to its product development portfolio in the last 12 months.
- Five of them were obtained through in-licensing partnerships with other discovery-based companies.
- Considering all new products in development for launch from 2017 through 2025, Arysta LifeScience believes that, if successful, its pipeline of products could deliver a combined peak sales potential of up to $1.3 billion.”
* a herbicide
* three insecticides
* two fungicides
* novel biostimulant
“Sales of BASF’s Agricultural Solutions segment rose by 10% to €1,281 million in the fourth quarter due to higher volumes.
- EBIT before special items decreased by €65 million to €79 million due to higher fixed costs, partly resulting from new or expanded production facilities, for example for the herbicide dicamba.”
- For the full year sales fell by 4%. Looks like some accounting magic at work here
“Bayer AG Chief Financial Officer Johannes Dietsch said Wednesday the company will stick to its plan to raise $19 billion in equity before moving on to a rights and bond issue, providing more detail on the financing for the German pharmaceutical giant’s takeover of U.S. seed maker Monsanto Co.
“We want to do the equity first before we enter the bond markets,” Mr. Dietsch said during a call with analysts. Should the company decide to go for a large or “very large” rights issue, Bayer would wait until there was more visibility on the regulatory outlook for the deal, he said.
- Bayer said it was confident that the planned $57 billion acquisition of Monsanto would pass regulatory hurdles by the end of the year, despite delays with U.S. and European antitrust authorities.
- The purchase price for Monsanto needs to be paid in dollars, Mr. Dietsch said. The company plans to issue corporate bonds in dollars and will also consider other currencies.”
- Officials said Wednesday the snowpack’s water content measured at 185 percent of normal. A year ago, it was 84 percent of normal.
- The snowpack is vital because it provides one-third of the state’s water to homes and farms when it melts in the spring and summer.
- Frank Gehrke, the state’s chief snow surveyor, said the snowpack in some places is nearing levels last seen in 1983.”
“Platform Specialty Products (NYSE: PAH) reported Q4 EPS of $0.20, $0.02 better than the analyst estimate of $0.18. Revenue for the quarter came in at $950 million versus the consensus estimate of $931.42 million.
Fourth Quarter 2016 Highlights:
- Net sales on a reported basis for the fourth quarter of 2016 were a record $950 million, an increase of 29.2% over last year. On a comparable basis, organic sales, which excludes the impact of currency changes, metals prices, acquisitions and divestitures, increased 4.6% quarter-over-quarter;
- MacDermid Performance Solutions (Performance Solutions segment): Net sales were $457 million, an increase of 76.4% compared to the same period of 2015. On a comparable basis, organic sales increased 6.3% quarter-over-quarter
- Arysta LifeScience (Agricultural Solutions segment): Net sales were $493 million, an increase of 3.6 % compared to the same period of 2015. On a comparable basis, organic sales increased 3.1% quarter-over-quarter”
“Stockton STK, which specializes in the development and marketing of botanical-based pesticides, signed a long-term non-exclusive distribution agreement of Timorex Gold biofungicide with Chongqing Shurong Crop Science Ltd. in the field of professional crop protection uses in edible crops in China.
- Under the terms of the non-exclusive agreement, it allows Timorex Gold to expand its domestic reach by utilizing Chongqing Shurong Crop Science Ltd. expert representatives, sales and marketing channels. Timorex Gold will be manufactured and supplied by Stockton and marketed and distributed in Chinanon – exclusively by Chongqing Shurong.”
“Syngenta AG, which sees its $43 billion takeover by China National Chemical Corp. closing by the end of June, said it’s open to pursuing assets that might become available as a result of antitrust reviews of other mega deals in the agricultural industry.
- There could be attractive seed acquisition opportunities stemming from the merger of Dow Chemical Co. and DuPont Co. or the combination of Bayer AG and Monsanto Co., according to Syngenta Chief Executive Officer Erik Fyrwald, who was speaking at a conference in Basel, Switzerland, on Wednesday. On top of that, “there are many, many seed companies around the world” that may be looking for a buyer, he said.”
“Syngenta announced that the U.S. Environmental Protection Agency has registered and approved Minecto Pro insecticide for use in specialty and vegetable crops to control lepidopteran pests as well as sucking/rasping/chewing pests like mites, whiteflies, psyllids, thrips and Colorado potato beetles.
- “Minecto Pro is a new foliar insecticide that answers the industry’s request for a broad spectrum solution with long-lasting residual control in specialty and vegetable crops,” said Meade McDonald, insecticide product lead, Syngenta.
- Minecto Pro combines cyantraniliprole, a second generation diamide that provides a broader spectrum of control, and abamectin, the global standard for mite control, into one convenient premix formulation.”
Trump had plans to enact a bill titled the American Energy and Infrastructure Act, which would pour in $1 trillion in infrastructure investment over the next 10 years. A recent Gallup poll showed 75% of Americans support more federal spending on the nation’s roads and waterways, and this bill was largely seen as low-hanging fruit to garner goodwill early into Trump’s administration.
“Atrazine, one of farmers’ least expensive and most effective chemicals for weed control, is under the magnifying glass.
Atrazine is up for re-registration review by the Environmental Protection Agency, says Bob Broz, water quality specialist for University of Missouri Extension. Broz recently spoke to certified crop advisers at a meeting in St. Joseph.
Atrazine’s last registration received approval in 2003. EPA reviews products every 15 years after a lengthy process that often involves public opinion as well as science. Closer scrutiny of atrazine use comes when it appears in drinking water supplies at higher rates than allowed by EPA. In 2007 and 2009, EPA determined that atrazine is not likely to cause cancer in humans or affect amphibian gonadal development.”
“Mexico’s top trade negotiator doubled down on threats to break off talks to rework NAFTA, saying his country will walk away if the U.S. insists on slapping duties or quotas on any products from south of the border.
“The moment that they say, ‘We’re going to put a 20 percent tariff on cars,’ I get up from the table,” Mexican Economy Minister Ildefonso Guajardo said in an interview. “Bye-bye.”
This doesn’t mean, Guajardo emphasized, that Mexico would be looking to scrap NAFTA. But by saying it refuses to even discuss the kind of tariffs President Donald Trump has long trumpeted, the country is ratcheting up the pressure on U.S. negotiators and effectively daring them to pull out of the 23-year-old pact.”
Let’s all give thanks to Philip Brasher who is writing a series of articles on the 2018 farm bill for Agri-Pulse.
If you are curious—and brave enough—to dive into this incredibly important but overwhelmingly detailed and phenomenally politicized piece of legislation (my take on the farm bill is here) , here is the place to start.
He’s done three so far:
U.S. farmers are projected to plant a record 88 million acres of soybeans this spring, spurred by futures prices that make the oilseed a more profitable choice than corn or wheat, said USDA Chief Economist Robert Johansson.
California rains are delaying harvest of some strawberries and citrus, and is making vegetable planting problematic.
- The rains delayed strawberry harvest along the Central and Southern Coast, according to the California Farm Bureau, noting that production may be temporarily reduced as growers wait for waterlogged fields to dry and discard rain-damaged berries.
WOTUS has been criticized for ambiguities that could allow for federal overreach concerning “any water that is in a 100- year floodplain and within 1,500 feet of another regulated water,” according to a report from September 2016 by the U.S. Senate Committee on Environment and Public Works.
For the ninth year in a row, Archer Daniels Midland Company (NYSE: ADM) was named one of the world’s most admired companies in the food production industry by Fortune magazine. Considered the definitive report card on corporate reputation, Fortune’s annual list of the “World’s Most Admired Companies” ranked companies in 51 major industries for 2017.
China National Chemical Corp., or ChemChina, further extended its $43 billion takeover offer for Swiss seed major Syngenta AG (SYNN.EB) to April 28, as it continues to seek regulatory approval for the deal.
Reuters — Buyout firm 3G Capital managed to build a consumer empire with a market value of over US$140 billion in just seven years. Yet its ruthless approach to costs may end up hampering 3G-backed Kraft Heinz’s US$143 billion bid for Unilever Plc.
Plans to grow genetically modified crops in Britain could result in the EU blocking imports of the produce after Brexit, according to a leaked report by European parliament officials.
Canadian cherry growers are looking forward to a good year for their crops if the weather allows it. Farmers are expecting an increase in foreign markets opening up, members of the BC Cherry Association heard at their annual general meeting in Kelowna.
- China is ordering the closure of live poultry markets in its south-central regions as it grapples with the worst outbreak of bird flu in years that has killed at least 87 people.
- State media reported Friday that the National Health and Family Planning Commission ordered closures anywhere with cases of the H7N9 strain.
- Most reported cases have been found in the densely populated Yangtze and Pearl river deltas from Shanghai to Hong Kong. Those areas generally experience mild, wet winters that are ideal for the virus transmission. In all, more than 250 cases have been reported from 16 provinces and regions, including as far away as the southwestern province of Yunnan.
New research announced by scientists at CABI (Center for Agriculture and Bioscience Information) confirms that a recently introduced crop-destroying armyworm caterpillar is now spreading rapidly across Mainland Africa and could spread to tropical Asia and the Mediterranean in the next few years, becoming a major threat to agricultural trade worldwide.
- Metagenom Bio Inc., however, is one company trying to help growers reduce their reliance on chemical controls.
- With help from Bioenterprise, an organization that supports the development of agri-technology companies, through its Bioenterprise Seed Fund, Metagenom Bio Inc. uses improved microbe communities to both enhance plant growth and reduce the impact of disease.
The Wood Pellet Association of Canada reports that one of its members – Ontario Power Generation (OPG) – operates the Thunder Bay Generating Station, which is the only plant worldwide that has been converted from coal firing to employ advanced wood pellets as the sole primary fuel.
UN agencies warn that almost 5 million people urgently need food, agriculture and nutrition assistance
Monsanto Company was named one of the 2017 World’s Most Admired Companies by Fortune Magazine, attaining the rank of No. 2 within the company’s industry sector.
Obviously Fortune did not get the protestors’ memo.
A new study raises alarms about potential high agricultural damages should peak water flows on the Fraser River increase as some climate change models predict.
Definitely wild and crazy weather in Abbotsford this winter.
- Maple Leaf Foods is buying a U.S.-based manufacturer of plant-based protein foods for US$140 million and related costs.
- Maple Leaf is buying Lightlife Foods, which makes 30 innovative products, including plant-based tempeh, hot dogs, breakfast foods and burgers, from Brynwood Partners VI L.P.
- The deal, financed from cash on hand, is expected to close in March subject to customary U.S. regulatory review.
The governments of Canada and Manitoba are investing more than $1.6 million in eight research projects dealing with a wide range of issues facing crop producers, Federal Agriculture Minister Lawrence MacAulay and Manitoba Agriculture Minister Ralph Eichler announced at the CropConnect conference in Winnipeg today.
I was in the room at CropConnect in Winnipeg for this one.
A group of about 14 tomato growers from Essex County and Chatham-Kent are contemplating taking legal action against a local canning company, which they say didn’t fulfill its contract obligations.
Stimulate, a biostimulant yield enhancer uses as a supplement to foliar nutrients, has been approved by Brazil’s Ministry of Agriculture, Livestock and Supply.
- Stimulate enhances cell division, cell differentiation, cell enlargement, root growth and nutrient utilization. It can increase the yield and quality of grapes and tomatoes.
- After many investments on research and technology, the product was developed through an exclusive formulation of Indole–3-butyric acid, Gibberellic acid and Cytokinin (as kinetin) that acts during the vital stages of the development of the crops, increasing the productive potential of the plant, and minimizing the stress conditions imposed by the climate.
In 2016, unfavorable market conditions continued, and the global agricultural inputs companies experienced rapid merger & acquisitions (M&As) amid a sustained market downturn.
- Looking back at the past and looking to the future, we are seeing unceasing challenges confronted by the industry of traditional agrochemicals companies and new opportunities as new fields of application are being developed.
- As a result, continued development and innovation will take place in the industry with constant internal and external changes.