Bankers Say Spinoff Could Put Mosaic In Play

Agribusiness giant Cargill Inc. plans to spin off its $24-billion majority stake in Mosaic Co., a move that could eventually lead to a takeover of Mosaic, the world’s second-largest fertilizer producer. The distribution of the 64 per cent stake in Mosaic will allow Cargill to maintain its private company status while enabling Cargill family trusts

A Farmer’s Friend Is Lost

Many will mourn the passing of John Harapiak, who succumbed last week to cancer. The highly respected agronomist spent more than 40 years of his life serving western Canadian farmers through his work in soil fertility research and extension. Dubbed an “agricultural icon” by his colleagues, he was best known for his steadfast commitment to


Argentine Farmers On Strike

Argentine farmers halted sales of wheat, corn and soy on Monday as they went on strike over export curbs, rekindling a dispute that helped drive global grains prices to record highs three years ago. The seven-day protest could fuel supply concerns just as dry weather linked to the La Nińa weather pattern worsens the outlook

Canola Biodiesel Mandate Remains In Limbo

Canola, looks to miss out on potential domestic demand from biodiesel until Canada clarifies its fuel mandate and offers new incentives to an already heavily subsidized industry. Canada has finished selecting biodiesel plant proposals to receive funding from a $1.5-billion program, aiming to cut greenhouse gas emissions by 17 per cent by 2020 from 2005


Variety Declarations Put To Test

The Canadian Wheat Board is being sued for more than $50 million by a Saskatchewan farm that has its delivery contract cancelled for delivering an ineligible variety of Red Spring wheat. But industry officials say the lawsuit by Hudye Farms Inc. and two associated companies is really a test of the four-year-old grain variety declaration

Farmers Making Progress In Fight For Better Rail Service

Ken Rosaasen has witnessed previous grain transportation battles right back to Hall Commission in the 1970s and believes farmers and grain companies are making some headway this time around. “I think the transportation issue is moving on to the front burner and I think it’s going to stay there,” the University of Saskatchewan agricultural economist


South America Farmland Top Investor Buy

Farmers’ fields in Brazil and Argentina are among the most prized assets in a new global market for agricultural land that has sprung up alongside soaring commodity prices. Private equity and fund managers at a farm investing conference in Geneva named South America a top place to buy, lease and manage agricultural lands for profit.

Farm Subsidies Seen A Turnoff For Investors

Pricey commodities have made U.S. farmers less dependent on government aid, but the European farm sector still faces the risk of disruption from subsidies being phased out, agriculture investors said Nov. 10. Tim Hornibrook of Australia’s Macquarie Agricultural Funds Management said that price-skewing farm assistance was unlikely to disappear entirely any time soon, given concerns


Private Equity Sees “Buckets Of Money” In Water Buys

Water scarcity will generate big returns for the irrigation sector once climate change and population growth take their toll on farming, private equity managers said Nov. 9. Asked at an agriculture investing conference whether it is possible to make money from water, typically a public good rather than a bankable commodity, Judson Hill of NGP

Learning The Grain Business One Load At A Time

Martin Harder learned the grain-buying business by trial and error and looking back he probably wouldn’t have it any other way. He grew up at MacGregor, got married in 1968 and started farming. It was tough sledding and by 1970, Harder made the decision it was time to earn a living and got into the