Cash-Strapped US Farmers Switch to Generic Crop Chemicals, in Blow to Big Manufacturers

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, which market analysts said could hit the bottom lines of agrichemical companies like Bayer.

Signs of these financial impacts are already emerging. Bayer shares fell sharply to a 20-year low on Tuesday, after the chemical company warned that weak global agricultural markets and a slumping U.S. farm economy are likely to pressure...

 

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