The agrochemical industry continues to have headline-worthy topics worth watching. Here are some of noteworthy headlines in the agrochemical industry:
State Lawmakers Continue to Fight EPA on Chlorpyrifos
The popular pesticide chlorpyrifos is still legal to use in the United States, and lawmakers are continuing to fight the Environmental Protection Agency (EPA) on it to get it banned. Studies link the popular pesticide to low birth weight and developmental disorders when babies are exposed to it. However, the EPA did not consider these studies, but some states have banned the pesticide, including Hawaii, Oregon, New York, California and Connecticut.
While the EPA banned chlorpyrifos from consumer use more than two decades ago, the pesticide is still commonly used in golf courses and on crops. Corteva Agriscience produces chlorpyrifos under the brand names Lorsban and Dursban. However, lawmakers continue to fight chlorpyrifos’ use on the market by presenting bills asking for its ban. With the ongoing fight to ban this popular pesticide, it’s important for agrochemical industry leaders and investors to watch as it may impact sales and profits for agrochemical companies.
New Treatments from Helena Agri-Enterprises Offering a Way to Reduce Nematode Damage
Helena Agri-Enterprises continues to enhance its competitive advantage with the two new products to help farmers combat insects and disease, including damage from nematodes. This month, the company is introducing its Seed Shield Max Beans and Fast and Seed treatment to help farmers manage their crops. The Fast and Seed treatment helps to improve the early growth of corn by jump-starting the internal defense mechanisms of the plant. By using this product, Helena Agri-Enterprises estimates that yields can increase by eight bushels per acre. Farmers can also tap the help of a professional to apply the Seed Shield Max Beans product. With this product, farmers can help control diseases like Pythium and Rhizoctonia, which are born in the soil. Seed Shield Max Beans helps farmers optimize their yields by combining four fungicides. With these two additions to its portfolio of brands, Helena Agri-Enterprises a company worth watching as it improves its offerings.
Patent Protection Loss is Pending for 19 Agrochem Active Ingredients
Between 2019 and 2026, 19 agrochemical active ingredients stand to lose their patents. Some of these ingredients include bixafen, sedaxane, pinoxaden and fluopicolide. While there has been a decline in the discovery of new active ingredients over the last two decades, mixing active ingredients have increased. With the loss of these patents, agrochemical companies may lose a competitive advantage for proprietary mixes. Thus, it’s important for agrochemical investors and industry leaders to monitor to determine the impact of that the loss of these patent protections may have on profits.
GROWMARK Grows its Executive Branch With Addition of Executive Director
GROWMARK expands its executive branch with the addition of Executive Director Matt Lurkins. Lurkins comes with experience working for GROWMARK since 2013 as a senior staff attorney. As a leader in the grain and supplies, GROWMARK offers is continuing to make strategic and competitive plays, including expanding its executive branch. Lurkins also has a background in finance and will help the company look for more opportunities to grow. It’s a move worth watching for agrochemical industry leaders to stay competitive or forge strategic partnerships with GROWMARK.