Nuseed acquires sorghum hybrid assets of HSR Seeds
Nuseed, a wholly owned subsidiary of Nufarm Limited, announced the acquisition of HSR Seeds’ sorghum assets in Australia.
The acquisition complements Nuseed’s existing Australian summer crops hybrid seed activities and expands its regional grain sorghum research and development and market presence. Financial details of the transaction remain confidential.
The agreement includes all HSR’s commercial grain and forage sorghum hybrids, research breeding program and germplasm pipeline. The breeding program will be based in Queensland, Australia.
Nuseed acknowledge and congratulate the Coe and Campbell families of HSR on over 40 years of successful contribution to the Australian sorghum seed industry.
Australian general manager, Travis Rankin, says the deal further expands Nuseed’s grain sorghum product offering for farmers, backed by the company’s reliability of supply, quality and support.
“Incorporating these assets into our global breeding program will add to the pipeline of hybrid grain sorghum products available to the Australian market in the next few years. This will include some of our key global products, like Wholis food-grade sorghum, which will be bred for adaptation to local conditions.”
The Nuseed team will work closely with distribution, growers and other key partners to ensure a smooth integration.
“The newly acquired HSR sorghum hybrids have an established competitive performance history, with excellent agronomic traits suitable for targeted sorghum growing regions across Australia.
“With the Australian grain sorghum season due to commence soon, preparation is under way to make sure the existing commercial hybrids are available to distributors and farmers. We are working closely with all parties to ensure appropriate stewardship for the transition of these products to Nuseed.
“Sorghum is a core global crop for Nuseed and this investment is a key step in our ongoing commitment to invest in the future value and growth of the global sorghum market.”
- Crop markets moved mostly higher again Thursday night
- Fall-applied herbicides work better on some weeds
- TekWear partners up on new crop monitoring technologies
- Harvest delays impact crop performance, study shows
- Hogs were the exception to the bullish rule Thursday
- Sugarcane aphids found in North Carolina
- How much corn can the ethanol industry use?
- Economist: Taxing P could reduce risk of algal blooms
- Commentary: Government wants farmers to quit farming
- Ag markets made a generally mixed showing Thursday night
- What is the relationship between maturity group, yield?
- Commentary: Ambulance-chaser lawyers take on Syngenta