Cash-strapped US farmers switch to generic crop chemicals, in blow to big manufacturers [Yahoo! Finance Canada]
Corteva, Inc. (CTVA)
Last corteva, inc. earnings: 1/30 06:00 am
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Source: Yahoo! Finance Canada
Signs of these financial impacts are already emerging. Bayer shares fell sharply to a 20-year low on Tuesday, after the chemical company warned that weak global agricultural markets and a slumping U.S. farm economy are likely to pressure profits further. Agrichemical competitors Syngenta, Corteva and the agriculture unit of Germany's BASF could also face challenges in the sector, analysts said. Nearly one-third of all the pesticides and fungicides that Paul Butler uses on his Illinois soybean and corn farm are generic to help him cut costs in a tight year, he said. Fellow Illinois grain grower Jeff O'Connor is doing the same. "It's like if you grew up eating Fruity Pebbles and now you go to Dollar General and get Fruity Bites," he said. Despite the cost savings, farmers say there can be drawbacks to downgrading. Manufacturers of generic chemicals typically do not cover the cost of respraying if the product does not work, said Caleb Hamer, an Iowa corn and soy farmer. Still,
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News
- We Think You Can Look Beyond Corteva's (NYSE:CTVA) Lackluster Earnings [Yahoo! Finance]Yahoo! Finance
- Cash-strapped US farmers switch to generic crop chemicals, in blow to big manufacturers [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cash-strapped US farmers switch to generic crop chemicals, in blow to big manufacturers [Yahoo! Finance]Yahoo! Finance
- Zacks Industry Outlook Corteva, Dole, Adecoagro and Calavo Growers [Yahoo! Finance]Yahoo! Finance
- 4 Key Agriculture Stocks Positioned for Gains as Market Trends Improve [Yahoo! Finance]Yahoo! Finance
CTVA
Earnings
- 11/6/24 - Miss
CTVA
Sec Filings
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 11/4/24 - Form 4
- CTVA's page on the SEC website