DowDuPont to Spin Off Agrochem Business

Analysts are preparing for long-awaited spin-offs from chemicals giant DowDuPont to hit the market, including its agricultural business. According to Barron’s, the new company, called Corteva, is expected to begin trading in June 2019, with a focus on agricultural chemicals and seeds. Nomura analyst Aleksey Yefremov expects that Corteva will generate $1 billion in free cash flow by 2020. Investors have been waiting for DowDuPont’s spin-offs to hit the market since December 2015, when management first announced a forthcoming strategic split. DowDuPont’s stock has largely remained unchanged since that announcement.

Report: Good Things Ahead for Agricultural Micronutrients

A recent research report says agricultural micronutrients can look forward to a near-doubling of revenue in the next eight years. According to Factor & Equilibrium, the micronutrient market will grow from $4.9 billion in 2016 to $9.3 billion by 2025 as producers look to improve nutritional values and address plant dwarfism and discoloration. The report segments the market by micro nutrient type, form factor, crop type, and application mode. Zinc proved to be the largest micro nutrient type segment in 2016, while cereals and grains were the largest crop type segment and soil was the most widely used application mode.

Minnesota Ag Department Asks Farmers to Take Agrochem Survey

The Minnesota Department of Agriculture (MDA) is calling on farmers across the state to fill them in on their use of pesticides and fertilizers. According to Farm Forum,  this year’s survey will focus on wheat and hay farming during the 2018 growing season. Information gathered during this survey will be used to monitor the use of agricultural chemicals in the state, as well as to offer valuable insights to research and education programs. The MDA stresses that this survey is completely voluntary, and farmers will not be asked for any personal information. Farmers can expect phone calls from the MDA from March 18 to April 5. The MDA invites anyone with questions about this survey to call 651-261-1993 between 7 a.m. and 9 p.m. from Monday to Saturday.

Colorado Cannabis Industry Skeptical of Seed-to-Sale Tracking Additive

Controversy is growing in the state of Colorado over the development of a chemical additive to be used to monitor marijuana plants. According to the Denver Post, the Institute for Cannabis Research at Colorado State University’s Pueblo campus is moving forward with their research into embedding isotopes that would be embedded into marijuana plants at birth, enabling products made from these plants to be tracked to their source. Opponents of the project say Colorado already has a strong tracking system that precludes the need to spray plants with an “unknown substance.” Colorado currently contracts Florida-based Franwell Inc. to track marijuana plants using paper tags with bar codes.

Report: Worldwide Agrochemical Demand to Benefit Internal Olefins Market

The continued rise in worldwide use of agrochemicals is projected to be a boon for the internal olefins market by the year 2025. According to the Industry Daily Observer, global demand has grown over the past several years for internal olefins, which are industrially viable chemicals created as byproducts of the chlorination of linear paraffins. Agricultural and emerging economies around the world are expected to provide the bulk of growing demand for internal olefins. However, the report also notes that variable costs for raw materials, as well as more readily available alternatives such as poly-alpha-olefins, could be headwinds for internal olefins over the forecast period.