The Nufarm Ltd (ASX: NUF) share price is rallying higher today. At the time of writing, the Nufarm share price was trading at $5.24, up 7.6%. Despite the strong rise in crop protection and seed producers’ share price, no news is out from the company today.
However, macro conditions for the agricultural sector continue their favourable trend. This is supported by government data and information posted recently.
More money in the pockets of farmers
Today, the lift in the Nufarm share price appears to be centred around the stellar season for farmers.
Yesterday, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) noted…