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(Photo courtesy Nutrien)
Crops

Fertilizer merger highlights big-picture concerns

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CNS Canada — A multi-billion-dollar merger between two major crop input companies is the latest in a string of consolidation efforts in North America’s agriculture industry, drawing attention again to the possible effects on the value chain. Agrium and PotashCorp announced Monday they plan to combine to create an integrated global supplier of crop inputs,
(Dave Bedard photo)
Crops

PotashCorp, Agrium make engagement official

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The boards of two of the heaviest hitters in Canada’s fertilizer sector have formally agreed to a $47 billion “merger of equals” deal under a new, yet-to-be-named parent company. PotashCorp, the world’s biggest fertilizer company by capacity, and rival Agrium, which is also the world’s biggest crop input retail chain, announced an agreement Monday in
(Photo courtesy Agrium)
Crops

Fertilizer merger faces easier approval at home than in U.S.

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Toronto/Washington | Reuters — Canada’s PotashCorp and Agrium are more likely to win approval for a potential merger in Canada than in the U.S., but U.S. rejection of the deal would scuttle it globally, competition lawyers said. Saskatoon-based PotashCorp and Calgary’s Agrium confirmed Tuesday they were in preliminary merger talks, toward a deal that would
(Dave Bedard photo)
Crops

PotashCorp, Agrium merger would send farmers to regulators

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Winnipeg/Chicago | Reuters — North American farmers will pressure regulators to protect their negotiating leverage with fertilizer suppliers if PotashCorp and Agrium agree to merge, major farm groups said on Wednesday. The potential deal revealed on Tuesday would combine the world’s largest fertilizer producer by capacity, with the continent’s biggest network of farm retail dealers,
(Dave Bedard photo)
Crops

Agrium, PotashCorp in merger talks

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Canadian fertilizer giants Agrium and PotashCorp confirmed Tuesday they’re in “preliminary discussions” toward a possible merger-of-equals. Calgary-based Agrium and Saskatoon-based PotashCorp emphasized in separate statements Tuesday that no decision has yet been made on whether to go ahead with such a merger and no agreement has yet been reached. “There can be no assurance that
(Dave Bedard photo)
Crops

Agrium’s Vanscoy potash operations suspended

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Reuters — Agrium’s operations at its Vanscoy potash mine in Saskatchewan could be halted for days, a union official said on Tuesday, the day after a worker was injured. An Agrium spokesman said in a statement that the company was working on a plan to restart the facility and did not expect any “material disruption.”
(Dave Bedard photo)
Crops

Fertilizer price slump chops profits at Agrium, CF

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Reuters — Two of North America’s biggest fertilizer companies reported large drops in quarterly profit on Wednesday, and warned of tough times ahead as abundant supplies weighed on prices. At U.S. nitrogen producer CF Industries, second-quarter profit fell 87 per cent — more than expected — and it warned prices would likely remain weak into
(Dave Bedard photo)
Crops

Agrium to buy Cargill’s U.S. ag retail business

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Chicago | Reuters –– U.S. grain trader Cargill has agreed to sell its ag retail business in the United States to crop input seller and distributor Agrium, the companies said Wednesday. Calgary-based Agrium, North America’s largest retail seller of crop inputs such as seed, fertilizer and pesticides, will acquire 18 ag retail locations in Nebraska,

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