Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

Strong Herbicide Sales Boost Monsanto's First-Quarter Profits

Wed, 08 Jan 2014 13:12:32 CST

Strong Herbicide Sales Boost Monsanto's First-Quarter Profits
Monsanto Company delivered on-track results for the first quarter of its fiscal year as stronger herbicide sales offset a decline in the company's seed sales, according to its recently-released quarterly report. The company previewed a strong U.S. order book and noted that it is on track to deliver its largest-ever soybean launch with an expected three million acres of Intacta RR2 PRO™.

"The first quarter demonstrated that our business performance is squarely on track with several key milestones and that we have the right growth strategy in place," said Hugh Grant, chairman and chief executive officer for Monsanto. "The strength in our business is also seen in the record number of research and development advancements this year. It's the innovation in our pipeline that's going to define what's next for our industry and help deliver on our commitment to bring additional opportunity for farmers around the world."

The report noted net sales in the first quarter of fiscal 2014 for Monsanto's Agricultural Productivity segment increased $283 million, reflecting the continued benefit of a favorable marketplace environment. The company posted a gross profit on net sales of 50%, outpacing last year's performance of 48%.

Monsanto's first-quarter seed and related agricultural trait sales of $1.7 billion were five percent less than the previous year.   Corn seed sales were down seven percent, but soybean sales jumped 16 percent. Herbicide sales that were up by almost 25% over the previous year boosted the company's profitability.

The company's quarterly report affirms that it is on track to return $5 to $5.20 per share in fiscal year 2014.



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Superior Livestock's Sept. 22 Video Auction Market Report  Fri, 23 Sep 2022 15:44:12 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. September 23, 2022  Fri, 23 Sep 2022 15:23:02 CDT
  • Road to Rural Prosperity Features Joey Carter about his movie "Hog Farmer" and his battle To Keep his Farm  Fri, 23 Sep 2022 13:53:10 CDT
  • Road to Rural Prosperity Features Joey Carter about his movie "Hog Farmer" and his battle To Keep his Farm  Fri, 23 Sep 2022 13:48:06 CDT
  • House Republicans Unveil Commitment to America  Fri, 23 Sep 2022 13:23:28 CDT
  • BASF's Sack Hunger Challenge back for 2022 Kansas State Season  Fri, 23 Sep 2022 13:17:53 CDT
  • Thompson: Commitment to America Will Restore a Robust Rural Economy  Fri, 23 Sep 2022 12:31:08 CDT
  • Integrity Beef Helping Producers Develop Value Added Cattle  Fri, 23 Sep 2022 11:18:31 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.


    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.