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Agrimarketing : October 2012
ethanol production Rhône-Poulenc-AgrEvo merge crop protection units to become Aventis Texas Farm Bureau Network launched Farm Futures launched Monsanto forms American Seeds Inc. which acquires 25 seed companies The Mosaic Co. is established Syngenta acquires Garst and Golden Harvest seed companies Bayer acquires Aventis...renamed Bayer CropScience Despite severe drought in the Central Corn Belt, corn yields remain unexpectedly good because insect- fighting traits limit root loss, resulting in increased moisture take-up Rabobank attempts to acquire Farm Credit Services of America, Omaha Renewable Fuels Standard (RFS) is passed Hoosier Ag Today Radio Network launched Missouri Farmer Today launched As the amount of corn used to manufacture ethanol increases dramatically, the price of all grains and oil seeds rise by over 50% Planted corn acres jump to 93.1 million acres Jenny Pickett named NAMA's Exec VP/CEO Quadstack corn hybrids sell for $225 per 80K kernel count unit Dow AgroSciences acquires Triumph Seed BASF reports the drought-tolerant corn seed it is developing with Monsanto will be commercialized in 2012 Cargill implements a 24/7 surveillance video of their beef processing plants to enhance the company's animal welfare protection system Monsanto and BASF disclose the discovery of cspB, a gene that can help corn combat drought Nufarm Ltd. acquires Richardson Seeds and MMR Genetics Monsanto re-enters the wheat seed business by acquiring WestBred Bill and Melinda Gates Foundation issues $120 million in grants to help fund the world's poorest farmers and boost their yields and incomes Monsanto is named "Company of the Year" by Forbes magazine Elanco launches a new business platform that will market food safety products and services AGCO announces it will eliminate the orange AGCO tractor brand RFD-TV celebrates its 10th anniversary and sponsors a float in the Rose Bowl parade dedicated to FFA in which all of the state Presidents march along with it USDA conducts a series of workshops named "A Dialogue On Competition Issues Facing Farmers In Today's Agricultural Marketplace" CF Industries acquires Terra Industries Sanofi-aventis and Merck combine Merial with Intervet/Schering-Plough The cost of a face-to-face sales call is now estimated at $400 Pfizer acquires King Pharmaceuticals for $3.6 billion Missouri yield champion Kip Cullers sets a new record for soybeans at 160 bushels/acre U.S. Farmers & Ranchers Alliance is formed by farmer organizations to increase consumers' confidence in modern agricultural practices U.S. AgBank and CoBank, two of the five banks in the Farm Credit System announce they will merge DuPont Pioneer acquires Agventure, Hoegemeyer Hybrids, Nutech, Seed Consultants, Terral Seed and Doebler 's Hybrids Novozymes acquires EMD/Merck Crop BioSciences KUHN acquires KRAUSE expanding its line of tillage and planting equipment Koch acquires nitrogen fertilizer products from Georgia-Pacific John Deere celebrates its 175th anniversary DEKALB celebrates its 100th anniversary Bayer 's Animal Health division acquires KMG Chemicals Neogen acquires the Igenity animal genetics business from Merial Pfizer announces it will spin off its animal health business through an IPO. New company will be named Zoetis Monsanto acquires Precision Planting Inc. for $210 million Bayer CropScience acquires AgraQuest and enters the biological pest management business Average Nat'l Prices/Yields: (nearly the entire country was hit by a devastating drought) Corn $7.52 --- 122 bu/A Soybeans $15.48 --- 38 bu/A Wheat $8.86 --- 46 bu/A Cotton $70.71 --- 795 lbs/A Fed Cattle $125/hwt --- 1,250 lbs Hogs $83/hwt --- 212 lbs Avg farm size --- 446 acres AM 2012 2011 2010 2009 2008 2007 2006 2005 2004 10 Agri Marketing October 2012 50 Years of Agri-Marketing | continued from page 9
November December 2012