Neogen Corporation has acquired US-based Kane Enterprises Inc., a manufacturer and marketer of animal health products, including the Ag-Tek veterinary product line.
Kane Enterprises, which recorded sales of approximately $6 million in fiscal 2006, will see its operations relocated and integrated with Neogen’s facility at Lexington, Kentucky.
Friday, September 7, 2007
Growmark Estimated Fiscal 2007 Results
Growmark has announced estimated total sales in fiscal 2007 of $4.2 billion, up 23.5% from the $3.4 billion recorded in 2005/06. This figure represents a new company record. Net income has also increased, by 82.3% to $134 million, which represents an all-time high for the company.
According to the company, the Energy Division, including ethanol and biodiesel, reported a record year in terms of sales at $130 million. This was driven by strong growth in sales of several products including FS branded lubricants.
The agronomy/seeds division also showed an increase, mainly due to the increased US corn acreage and higher market share. This saw plant food volume sales reach record tonnage levels and, although soybean sales dropped by 10%, seed sales overall increased by 25% to $160 million, with corn seed unit sales up 50%.
According to the company, the Energy Division, including ethanol and biodiesel, reported a record year in terms of sales at $130 million. This was driven by strong growth in sales of several products including FS branded lubricants.
The agronomy/seeds division also showed an increase, mainly due to the increased US corn acreage and higher market share. This saw plant food volume sales reach record tonnage levels and, although soybean sales dropped by 10%, seed sales overall increased by 25% to $160 million, with corn seed unit sales up 50%.
Wednesday, September 5, 2007
Monsanto to Close Seed Production Facility
According to reports, Monsanto is planning to shut down its foundation corn seed production facility in Parkersburg, Iowa and cease operations from September 2008.
Although the company intends to increase seed production as corn demand grows, expansion of this facility is not deemed feasible. The company will instead expand its commercial seed production and processing facility in Grinnell, Iowa. This facility will also be used to produce foundation seed.
Although the company intends to increase seed production as corn demand grows, expansion of this facility is not deemed feasible. The company will instead expand its commercial seed production and processing facility in Grinnell, Iowa. This facility will also be used to produce foundation seed.
Monday, September 3, 2007
Cornell University Clones Sorghum Gene
Researchers at Cornell University have cloned an aluminium-tolerance gene into sorghum that could improve yield in aluminium-toxic soils, found mostly in countries in Africa, Asia and South America.
Aluminium is present in acidic soils when the high acid content dissolves clay minerals which can result in limited crop production.
New genetically engineered aluminium-tolerant sorghum varieties are expected to be produced by next year.
Aluminium is present in acidic soils when the high acid content dissolves clay minerals which can result in limited crop production.
New genetically engineered aluminium-tolerant sorghum varieties are expected to be produced by next year.
Dow Announce New Herbicide Tolerant Trait
Dow AgroSciences has announced details of new herbicide tolerance traits which are currently in development. The company claims that these traits, currently called Dow AgroSciences Herbicide Tolerance, will improve weed control in herbicide-tolerant crops.
These new traits will provide tolerance to certain broadleaf and grass herbicides, particularly Phenoxy auxins such as 2,4-D and Aryloxyphenoxypropionate ‘fop’ grass herbicides. 2,4-D is already registered for use on corn, both post emergence and as a burndown. The addition of the trait with glyphosate tolerance will allow 2,4-D to be used over a much wider application window to pick broadleaf weeds that are not so well controlled by glyphosate.
These new herbicide tolerant traits will be combined with the Herculex insect protection range of traits.
The company expects the full process, including introgression of the new traits into elite genetics as well as the required regulatory processes, to take several years with estimated launch dates of 2012 for corn and 2013 or 2014 for soybeans.
The company has also announced the launch of two new soil-applied herbicides that contain multiple modes of action and provide residual weed control in herbicide–tolerant crops: SureStart (acetochlor, flumetsulam and clopyralid) for use on corn and Sonic (cloransulam-methyl and sulfentrazone) for use on soybeans.
These new traits will provide tolerance to certain broadleaf and grass herbicides, particularly Phenoxy auxins such as 2,4-D and Aryloxyphenoxypropionate ‘fop’ grass herbicides. 2,4-D is already registered for use on corn, both post emergence and as a burndown. The addition of the trait with glyphosate tolerance will allow 2,4-D to be used over a much wider application window to pick broadleaf weeds that are not so well controlled by glyphosate.
These new herbicide tolerant traits will be combined with the Herculex insect protection range of traits.
The company expects the full process, including introgression of the new traits into elite genetics as well as the required regulatory processes, to take several years with estimated launch dates of 2012 for corn and 2013 or 2014 for soybeans.
The company has also announced the launch of two new soil-applied herbicides that contain multiple modes of action and provide residual weed control in herbicide–tolerant crops: SureStart (acetochlor, flumetsulam and clopyralid) for use on corn and Sonic (cloransulam-methyl and sulfentrazone) for use on soybeans.
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