Company News
Accountant predicts 50% fall in arable gross margins for 2020
A survey of East Midlands farmers has found that lower wheat prices and higher running costs cut net profits for the region’s arable farmers for harvest year 2019. The survey, from agricultural accountants Duncan & Toplis, found that on average, farm profits reduced...
Timac adds biologicals expertise
Speciality plant nutrition business Timac Agro has acquired the agricultural division of the Spanish biotechnology company New Bio Technic (NBT). NBT retains its molecular diagnostic services and gene technology division. Timac, part of the French multinational Groupe...
Iteris divests ClearAg weather platform
Californian software house Iteris has agreed to sell its ClearAg global digital weather platform to the European digital services group DTN in a $12 million deal which increases the latter’s’ agribusiness exposure. Switzerland-based DTN, part of the TBG holding group,...
Covid-19 affects BayWa’s Q1 grain trading
Cefetra parent BayWa has reported increased earnings on marginally lower revenues from its agribusiness interests in the first three months of 2020. Coronavirus has impacted some areas of operations while benefitting others. The German multinational group’s...
Frontier donates £5k for Mental Health Awareness Week
Frontier Agriculture has made a corporate donation to this year’s Mental Health Awareness Week as the Covid-19 restrictions prevent its usual company-wide fundraising effort. Mental Health Awareness Week (#MHAW20) took place from May 18th – 24th 2020 – this is the...
Company restructure for Yara International
Fertiliser manufacturer Yara International is to restructure its worldwide operations into four profit centres supported by a global Farming Solutions unit. The Norwegian multinational is moving from a segment structure to a regional organisation from June 1st 2020....