U.S. farmers switch to generics
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Agrichemical competitors SyngentaReuters
•Cash-strapped US farmers switch to generic crop chemicals, in blow to big manufacturers
81% Informative
U.S. farmers struggling with slumping incomes and depressed grain prices have been switching to cheaper generic pesticides and fungicides as they plan for spring planting next year .
Bayer shares fell sharply to a 20-year low on Tuesday , after the chemical company warned that weak global agricultural markets are likely to pressure profits further.
The number of generics available to farmers is growing.
VR Score
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98
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