Illinois Fertilizer & Chemical Association
Supply · Service · Stewardship

Bayer Tells Investors It Sees No Financial Hit from Hurricane or Dicamba

From Bayer's glyphosate plant in Louisiana being idle for nearly six weeks to a possible change in planting plans due to input challenges and other market factors, Bayer told investors on Tuesday the company sees no impact on its full-year guidance.
 
Bayer's glyphosate plant was offline for more than five weeks after taking a hit from Hurricane Ida in late August. As growers across the U.S. are faced with higher prices and possible short supplies of products such as glyphosate and glufosinate, the production problems only fueled concerns. Bayer told Farm Journal just last week the plant was finally back up and running again.
 
"We lost five weeks of production. This will, of course, involve some cost that will have an impact on sales, but nothing to any degree that would impact our full year guidance for this year," Liam Condon, president of Bayer's agricultural unit, told investors on Tuesday, Oct. 19.
 
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