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ADM Quarter Profits Fall, Reporting Tight Crop Supplies

ADM Quarter Profits Fall, Reporting Tight Crop Supplies

By Amanda Brodhagen, Farms.com

Archer Daniels Midland Co. (ADM) reported that its quarterly earnings fell 21 percent, due to tightened crop supplies in the United States.

The company reported net earnings of $223-million, or 34 cents a share for its second quarter. The same quarter a year ago, ADM reported $284-million, or 43 cents a share. The company back in May suggested that its second quarter may be difficult because of tight crop supplies.

“The team managed well through this period, as tight U.S. crop suppliesreduced volumes,” said ADM Chairman and CEO Patricia Woertz. “Also, corn results improved amid volatile ethanol industry conditions.

ADM's second quarter report can be viewed by clicking here.
 


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Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.