Viterra Profit Falls 47 Pct But Doesn’t Surprise – for Sep. 16, 2010

Viterra last week said quarterly profit fell 47 per cent as a wet spring slashed Western Canada’s crop acreage and the company accounted for one-time costs. Reduced Canadian plantings hurt sales of fertilizer and chemicals, cutting agri-products revenue by 13 per cent and limiting North American grain shipments. Analysts were braced for the impact of

Agrium Sees AWB As A Platform For Retail Growth – for Sep. 9, 2010

Fertilizer maker and farm products retailer Agr ium Inc. sees Australia’s AWB as the perfect platform to continue expanding its global retail network, said a top company executive Aug. 16. Agrium has launched an unsolicited $1.1 billion bid to acquire AWB, Australia’s largest wheat exporter, trumping a rival offer from Australia’s GrainCorp. “The key is


The $40-Billion Potash Pie – for Sep. 2, 2010

American farmers hardly noticed when, in mid- August, news broke that Australian-based BHP Billiton was willing to pay nearly $40 billion for the world’s largest fertilizer producer, Saskatchewan’s PotashCorp. The disinterest was honest; after all, who was BHP Billiton and what did it want with a Canadian fertilizer firm in the steady, if not dull,



Winter Wheat Research Financed

Agriculture and Agri-Food Canada (AAFC) is providing just over $1.25 million to Ducks Unlimited Canada (DUC), three Prairie province winter wheat producer commissions and its funding partners to increase winter wheat acres across Alberta, Saskatchewan and Manitoba. “Improved varieties and good management by producers have made winter wheat one of the most profitable crops over

Declining Entries End Royal Seed Show

Visitors to the 103-year-old Royal Manitoba Winter Fair could learn all about how seed grows – but the annual competition recognizing farmers’ ability to select good seed is no longer a part of the annual event. In the face of declining entries in recent years, show organizers decided to end the seed show this year,


In Brief… – for Mar. 25, 2010

Risk and reward: Jeff Conrad, president, Hancock Agricultural Investment Group told the Reuters Food Summit last week agriculture has its limits for investors. “The U. S. is a very mature marketplace – good technology base, good infrastructure, ability to harvest good crops … If you tell me you want to do 20 per cent returns

Agrium, Rivals Seen Focusing On Smaller Deals

“Consolidation of the fertilizer industry worldwide is far from over.” – JOERGEN OLE HASLESTAD Aprotracted takeover battle in the global fertilizer industry ended this week with a victory for CF Industries Holdings Inc., but the losers are unlikely to wait long before climbing back into the fray. CF Industries’ agreement to acquire Terra Industries brought


Yara Buys Terra Industries

Norway’s Yara agreed to buy Terra Industries for $4.1 billion to create the world’s biggest mineral fertilizer producer and boost its U. S. presence, as rivals look to join forces to gain size and reach. Norway’s biggest-ever foreign takeover announcement Feb. 15 comes a month after U. S. CF Industries Holdings withdrew its year-long hostile

BHP Plan Signals Major Shift In Potash Industry

“It’s been hard enough for juniors to find funding before this (BHP project),…” – CHARLES NEIVERT BHP Billiton’s plans to invest more money in its Saskatchewan potash project could weaken long-term pricing of the crop nutrient, threaten the viability of junior explorers and prove to be a game changer for the global fertilizer industry. The