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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, May 14, 2024
Senate Agriculture Committee Debbie Stabenow, D-Mich., is sounding upbeat about her farm bill proposal after releasing a detailed summary of what’s in it.
Corteva Agriscience leaders expressed optimism about the company’s financial position, and the strength of the ag economy as a whole, in a call Thursday where they reported revenue and earnings numbers that exceeded analysts’ estimates.
Leaders of U.S. agribusiness giants expect the farm economy to remain relatively strong through next year despite higher interest rates and softening commodity markets.
Corteva and Syngenta, two major seed and crop protection companies, reported lower overall sales for their third quarters but higher sales of seeds, as they look to navigate what one of their CEOs called “complicating geopolitical, macroeconomic and ag-specific factors.”
Corteva Agriscience said market penetration of its Enlist E3 soybeans reached 45% of total acres in North America in 2022 as it reported net sales for the year of $17.46 billion, 11% higher than 2021.
Sales of Enlist seeds and herbicides have helped drive sales growth for Corteva Agriscience, which reported net sales of nearly $2.8 billion in the third quarter, up 17% from the same period a year ago.
Chuck Magro has been tapped to serve as the new CEO at Corteva and the Chesapeake Bay Foundation has selected Hilary Harp Falk as the organization’s next CEO and president.
Chuck Magro is set to become the next CEO of Corteva, the company's board announced Thursday. He'll take the place of Jim Collins as the leader of the seed, crop protection and digital solutions company; Collins plans to retire at the end of the year.
Nutrien has tapped Mayo Schmidt as the new president and chief executive officer of the company and Russ Girling as the new chair of the board of directors, effective immediately.
