Monsanto’s Earnings Rose 22% on Strong Corn Seed Demand

Apr 03, 2013

Monsanto Co. reports its fiscal second-quarter earnings jumped to 22% as the increased demand for corn seed coupled with increased demand for genetically modified seed traits drove sale growth surpassing previous expectations. Monsanto also raised its full-year earnings by 10 cents $4.40 to $4.50 a share.

Monsanto’s revenue has done fairly well over the past couple of years as crop prices have been relatively high and U.S. farmers are willing to pay a premium for seeds that tend to do better in drought-like conditions. The company has also seen growth in its South America market, which has seen a shift in demand towards purchasing genetically modified seeds. Revenue from the seeds and genomics division rose 11% to $4.35 billion. The agricultural productivity/crop production division had a 37% increase to $1.13 billion.

Late last month, DuPont signed a $1.75 billion licensing agreement with Monsanto as part of a series of licencing agreement on genetically modified seed technology.

Video: Winter Service Inspections for John Deere Equipment - The FarmCast Ep64

The FarmCast, host Troy Randall speaks with Doug Luedke, Vice President of Service, and Davin Peterson, Executive Vice President of Aftermarket at 21st Century Equipment, to discuss the importance of proactive service and how it helps farmers reduce downtime during their busiest seasons. The conversation focuses on the Winter Service Inspection Program, a comprehensive approach designed to keep equipment running at peak performance and limit costly in-season breakdowns through preventative maintenance and expert technician support.

Doug and Devin explain how 21st Century Equipment’s service teams have evolved to meet the needs of today’s connected machines. With more technology and data integrated into modern equipment, technicians now play a vital role in both mechanical repairs and precision ag support. Through advanced diagnostics, machine monitoring, and John Deere’s Expert Alerts, they can identify and address potential issues before they become major problems—saving customers valuable time, money, and frustration.

Throughout the discussion, the team shares real-world success stories demonstrating how proactive inspections and customer-focused service help maximize uptime and efficiency for every operation. Whether it’s a large tractor, combine, or small mower, the goal remains the same: to provide trusted, reliable support that helps farmers and landowners stay productive and confident in their equipment year-round.