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Bayer expects earnings growth on agriculture

New ag products are expected to spur ‘above-market’ growth next year

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Reuters – Germany’s Bayer on March 10 pledged to revive growth in adjusted earnings by 2024, helped by the launch of products such as digital farming services, soy seeds and non-prescription remedies. The agriculture and pharmaceuticals group said in a statement it was aiming for core earnings per share of between seven and 7.50 euros (C$10.53-$11.28) by 2024,
Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)
Crops

Bayer takes major writedown, flags Roundup settlement bill

Company writes down agribusiness assets

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Frankfurt | Reuters — Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros (C$14.2 billion) in impairments on agriculture businesses, much of it related to its Monsanto deal. The company said the write-downs, driven by weaker demand from farmers due to
(Bayer.com)
Crops

Bayer books second-quarter loss after settlement

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Frankfurt | Reuters — German drugs and pesticides group Bayer reported a 9.5 billion-euro (C$14.86 billion) net loss for its second quarter, following a US$10.9 billion settlement of U.S. lawsuits claiming that its Roundup herbicide caused cancer. The charges stemmed mainly from agreements which attempted to wrap up legal disputes inherited with its US$63 billion
(Leonid Eremeychuk/iStock/Getty Images)
Crops

Court blocks sales of dicamba in U.S.

Bayer says it's seeking new EPA registration for 2021

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Updated — Reuters — A U.S. appeals court has blocked Bayer from selling an agricultural weed killer in the United States, the latest setback for a business already fighting an expensive legal battle over another product. A three-judge panel of the Ninth U.S. Circuit Court of Appeals ruled the U.S. Environmental Protection Agency (EPA) substantially
(Dave Bedard photo)
Crops

Bayer reporting progress in Roundup settlement talks

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Frankfurt | Reuters — Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup herbicide causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. The drugs and pesticides group is keen to draw a line under the legal dispute, which it
(Dave Bedard photo)
Crops

Bayer considers new tactic in Roundup settlement talks

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Reuters — As Bayer tries to settle U.S. lawsuits claiming that its Roundup herbicide causes cancer, the company is considering a proposal that would bar plaintiffs’ lawyers involved in the litigation from advertising for new clients, according to a person familiar with the matter. Bayer has said it is engaged in mediation to resolve the
(KS-potashcanada.com)
Crops

K+S cuts output on weak potash demand

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Frankfurt | Reuters — German mineral miner K+S will cut production of potash fertilizers, dragging core earnings lower, as a halt imposed by China on potash imports dampens global markets. “In the current weak market environment, which is further intensified by the continuing Chinese import bans on the standard potassium chloride product, adjusting production is

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