Nufarm Aims to Double Earnings in Three to Four Years
31 May 2013 
Nufarm hopes to double their crop protection and seed earnings to an estimated $60 million over the next three to four years. According to reports, the company plans to diversify into higher margin and higher growth markets.
This report breaks a trend of setbacks for the Australia based Nufarm. Monsanto, for example, terminated Nufarm’s decade-long Roundup distribution deal in March 2013. This move caused a one-day 17% drop in Nufarm shares. Glyphosate had produced more than $102.4 million in sales for the company every year.
In addition, BASF SE announced in January 2013 that they will re-enter the Australian ag market as in independent competitor, terminating their distribution pact with Nufarm effective in early 2014.
Nufarm, however, used Investor Day in Melbourne to report an optimistic growth strategy for the near future. Focusing on its global seed division, Nuseed, Nufarm says it aims to deliver top yielding hybrids with desirable disease, stress and productivity traits.
Nuseed currently has product testing and sales in more than 35 countries with an estimated value of $80 billion.
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