1055 ET - America's farmers continue to spend on top-tier seeds and pesticides despite low profit margins and rising costs from the war in Iran, executives at agriculture company Corteva say. U.S. farmers are facing higher fertilizer and fuel costs at a time when low commodity prices have already pressured their balance sheets. Farmers are trying to mitigate their losses by growing bigger crops and are willing to pay more for pricier technology, executives at seed and pesticide maker Corteva say. The company's crop seed sales grew 12% in its latest quarter to $3.02 billion. "Regardless of tight margins, farmers continue to plant our latest hybrids and varieties in order to increase yield per acre in their own profitability," says Corteva CEO Chuck Magro on a call with analysts. (patrick.thomas@wsj.com)
(END) Dow Jones Newswires
May 06, 2026 10:55 ET (14:55 GMT)
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