A new report shows industry consolidation, investments in precision agriculture, and new product introductions propelled a five percent growth in sales for the crop protection industry in 2017. The Kline Group this week released its Crop Protection Manufacturers Report, which found the increase in planted crop acreage, particularly in soybeans and cotton, helped contribute to an increase in the sales of herbicides, insecticides and fungicides. 2017 is the third consecutive year with above-average yields in corn and soybeans in many areas of the Midwest, which helps offset the continuing low commodity prices impacting growers in the region, according to the report. The research shows that while low commodity prices force growers to look for ways to cut expenses, crop protection chemicals still maintain a strong performance in 2017, with herbicides and seed protection products showing the strongest growth.
Content Goes Here