Chemical conglomerates Dow Chemical Co. and DuPont both made big bets on their farm businesses over the past two years, but their fortunes have diverged dramatically, reports Swetha Gopinath and Sneha Banerjee on Reuters.com.
While DuPont is growing ever more dependent on its farm business, Dow said on Thursday it may exit the business altogether, and analysts touted DuPont and Monsanto Co. as potential buyers.
To be sure, the agriculture industry is struggling to cope with falling crop prices and weak demand for crop protection products, which has led to falling sales in the farm business at both Dow and DuPont.