now or never

Everything is lining up for Nufarm at the moment.
Insecticides and fungicides have not seen better conditions for a decade whilst herbicides are fair.
GM is establishing and market conditions (outside WA where they are underrepresented) are the best in decades for reducing debt.

Insecticides.
They have stocked 3 to 4 times the normal locust offtake insecticides in stock.
Normally low margin generics.
This year there will be less opportunity and time to haggle the price down.
Also with the price of wheat so high ,the crop so good ,and the pressure of locusts so high can you afford to take chances?.
In short for govt in particular ,it is not worth risking such good crops to save 5 or 10% on the insecticide bill which is a miniscule percentage of crop value.
Fastac etc are some the worlds most trusted brand names.

Fungicides

Similar situation.Wheat and chickpeas demand in east is going gangbusters.Triazoles are usually very competitive.
This year there is a tremendous amount of reactive last minute buying.
Again the farmer cannot risk delay or even non availability of product to save $1 or $2 /ha when he has a crop worth in some cases over $1000/Ha.
Some will never see it this good again.


Herbicides
Spring and early summer post em better than average.

GM Canola which should be a cornerstone is off to a cracking start.With barriers to entry this has a tremendous future


Debt looks very dark at the moment but should turn around dramatically in Jan.When the farmer has money in his pocket so do all the suppliers.
Some of the bad and doubtful debtors will be like Lazarus and miraculously get on their feet again.
Old stock will not be tying up working capital and this will further reduce the debt situation.
Debtor days and doubtful debt will melt like brown sugar.

Prognosis for the future is good too with farmers buying next season what they need rather than what they can afford.
Some farmers will never see a season like this again in terms of yield and price coniciding

In short if we cant get it right in these conditions we never will.
This season is a lifeline from heaven lets hope we use it for more than just bonaza profits for 2 seasons.