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BASF Sees Decline in Quarterly Profits

By Amanda Brodhagen, Farms.com

The world’s largest chemical company – Germany’s BASF shares fell 3.97 percent to 67.09 euros Thursday at the Frankfurt Stock Exchange. Despite its fall in net profits in the second quarter, BASF held on to its targets.

BASF said that a volatile global environment would be more challenging than expected. The company makes a variety of chemicals including for plastics, paints, drugs and agriculture.

The company’s Agriculture Solutions segment performed well, with sales in agriculture increasing in the second quarter by 18%, 1.7 euros. BASF said higher prices coupled with the acquisition of Becker Underwood helped boost growth.
 


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Planting Corn with Classic Allis-Chalmers Tractors | Full Field Action

Video: Planting Corn with Classic Allis-Chalmers Tractors | Full Field Action

Step into the field for a full day of spring fieldwork as this farm plants corn using classic Allis-Chalmers power near Arcanum, Ohio. In this video, the farm is working ground with an Allis-Chalmers 8050 pulling a Salford field cultivator and Brillion Culti-Packer to prepare the seedbed. Right behind, an Allis-Chalmers 7020 handles planting duties with a 12-row White planter, putting this year’s corn crop in the ground. You’ll see a mix of aerial drone footage and ground-level views capturing all the action, along with a voiceover that dives into the history and legacy of these two Allis-Chalmers tractors. It’s a great look at how reliable, older equipment is still getting the job done during spring planting season. If you enjoy classic farm equipment, corn planting, and real-world field action, this one is for you.