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Replies to post #5721 on The Rising Influence of Rising Affluence
09/19/12 3:32 PM
Plant breeders say final data will be in within the next six weeks as harvest wraps up. But so far, test plot yields and farmer harvest reports are encouraging enough that seed sales for next season should expand dramatically, both in the western corn belt, and into eastern areas of the Midwest, where drought tolerance once was not seen as a big need.
…Monsanto is launching commercial sales of its licensed genetically modified Genuity "DroughtGard" hybrids for the 2013 growing season after testing the corn with 250 farmers this summer. Some farmers were finding a 6 bushel per acre advantage over other hybrids, Monsanto officials said. For Kansas farmer Clay Scott, one of the farmers testing Monsanto's corn, the experimental varieties yielded about 10-15 bushels above the plot average.
09/21/12 9:44 AM
12/16/12 6:33 PM
Farming equipment maker AGCO Corp expects its 2013 profit to be in a range mostly above Wall Street's forecast, citing growing sales of tractors to harvest sugarcane in South America. The company, which competes fiercely with rival Deere & Co , expects 2013 earnings per share of $5.50 to $5.75 per share. Analysts on Wall Street have expected earnings of $5.56 per share for 2013, according to Thomson Reuters I/B/E/S. AGCO expects sales in South America to increase 5 percent to 10 percent next year…
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