The Environmental Protection Agency (EPA) is considering banning use of the herbicide dicamba after the chemical reportedly damaged other crops by drifting into areas neighboring sprayed fields, Reuters reports.
The ban could be implemented sometime in 2018, and would cut into the profits of Monsanto, which sells agricultural goods internationally, and DuPont, a science and engineering company that operates around the world.
A task force in Arkansas is advising the state to create an April 15 cutoff date for dicamba application. The EPA may consider something similar.
“If the EPA imposed a April 15 cut-off date for dicamba spraying, that would be catastrophic for Xtend – it invalidates the entire point of planting it,” Bernstein analyst Jonas Oxgaard told Reuters.