Upstream Ag Insights - March 26th 2023
Essential news and analysis for agribusiness leaders
Welcome to the 161st Edition of Upstream Ag Insights!
Index for the week:
Nutrien 2022 Annual and Sustainability Reports Highlights and Analysis
Tracking Biostimulants Farmer Survey from Stratus Ag Research Highlights and Analysis
Biologicals Watch: What Multinationals Focus On and Future Trends
Andes Completes $30M Series A
Corteva Agriscience Announces Plant Breeding Innovation to Combat Corn Disease (Who’s Winning with CRISPR technology in Agriculture?)
Innovation in Wheat Cultivation
How Many Farms Are in the U.S.?
World Agri-Tech 2023 Take Away’s
The Case for Regenerative Agriculture
Syngenta IPO News and 2022 Annual Results
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1. Nutrien 2022 Annual and Sustainability Reports Highlights and Analysis - Upstream Ag Insights
This week brings the 2nd edition of the Upstream Agribusiness Annual Report Breakdowns.
On the whole, Nutrien’s business was huge in 2022.
Nutrien generated generated $7.6 billion of net earnings, a 142% increase over 2021 and record adjusted EBITDA of $12.1 billion, a 71% increase over 2021, for the full year of 2022 off of just under $37.8 billion in total revenue ($10 billion above 2021).
To read more on the changes in same store retail sales, highlights from their sustainability program initiatives to how they are tracking towards their 2023 key metrics, check out the link.
Note: I intended to do some cross referencing with Lavoro, however, as I started to put together it was apparent it would be incredibly confusing to read. I will highlight the Lavoro business in a separate edition in the near future.
2. Tracking Biostimulants Farmer Survey from Stratus Ag Research Highlights and Analysis - Upstream Ag Insights
This week I went through a publicly available survey from Stratus Ag Research called “Tracking Biostimulants” where they surveyed thousands of farmers from Canada and the USA to breakdown farmer views, sentiment and experience with/towards biostimulant products that are available in the market place.
There were some incredibly interesting take aways, including farmer perception of not only the biostimulant category itself, but specific sub segments, like N fixing products, even getting into farmer experience with specific products such as Sound Agriculture’s Source and Pivot Bio’s PROVEN 40.
I think some of the take aways will prove very notable for those who are interested in the biostimulant areas of farming and agriculture.
There is a lot of insight in here regarding biological use, M&A, synthetic biology, and useful product and company insight.
But there is one area that they called out that I think is key: