What Agribusiness Executives Are Saying About Tariffs Right Now

Tariffs remain an unpredictable variable for global agribusiness, subject to shifting geopolitics, retaliatory policies, and rapid regulatory changes.

However, to contextualize the current landscape, I reviewed Q1 earnings calls, investor conference transcripts, and financial disclosures from the world’s leading agribusinesses.

Below is a summary of how companies are experiencing and responding to tariff pressures as of May 2025. The commentary is directional, not definitive— reflecting what executives shared during recent calls, knowing full well the tariff environment continues to evolve.

Note: Acknowledging the fluid nature of tariffs, each company has a date underneath it from when the executive commentary was sourced from.

Index

1. Key Takeaways By Industry Sub-Segment

2. Company Overview

Crop Protection and Seed Manufacturers

• Corteva

• Bayer

• FMC

• Nufarm

• UPL

• BASF

Note: Syngenta Group is not publicly traded and did not make any tariff related comments in their results press release.

Equipment Manufacturers

• John Deere

• CNH Industrial

• AGCO

• Valmont

Fertilizer Manufacturers

• Nutrien

• Yara, CF Industries

• Mosaic

Key Takeaways By Industry Sub-Segment

Crop Protection and Seed Companies Impact

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