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Syngenta sales down; acquires FarmShots Inc.

Syngenta says its overall sales were down one-percent last year but seed sales were six-percent higher than 2016. Syngenta CEO Erik Fyrwald calls 2017 “an historic year for Syngenta with the closing of the ChemChina transaction.” He says the company achieved “record free cash flow” in 2017 despite another challenging year in agriculture with pressure on farm incomes. But, Syngenta’s crop protection sales were down three-percent last year.

Meanwhile, the Swiss-based company announced this week its acquisition of satellite-image company FarmShots Incorporated, of North Carolina. Syngenta says Farm-Shots aims to offer growers secure data about their crops on “multiple devices” that can be exported into most ag software.

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