WE RECENTLY SURVEYED MORE than 200 farmers in an effort to gather independent and unbiased market data on 2008 row-crop planting intentions, corn-seed preference, fertilizer usage, and the competitive landscape across the space. Our respondents validated our bullish views on Monsanto and Potash Corp. of Saskatchewan (Conviction Buys) and DuPont and Mosaic (Buys). We believe 2008 will be another great year for biotech seed due to greater triple-stack penetration and higher prices. Fertilizer producers should have another banner year as robust global industry fundamentals drive earnings-per-share momentum.
The surveyed farmers are located predominantly in the agriculturally focused Midwest ...