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Crops, News

Agrium blasts hedge fund’s breakup plans

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Reuters / The war of words between fertilizer maker Agrium Inc. and its biggest shareholder, Jana Partners, escalated March 4 with Agrium slamming the hedge fund’s plan to split the company in a letter to investors ahead of its annual meeting next month. Calgary, Alberta-based Agrium, which has begun mailing its proxy circular to shareholders
Crops, News

FNA hires MNP to assist with nitrogen plant

Staff / Farmers of North America Fertilizer Limited Partnership (FNA FLP) has hired corporate consulting and accounting firm MNP LLP to design the sales and distribution structure for the company’s proposed nitrogen fertilizer plant, FNP says in a release. MNP will also assist in developing supply agreements for the farmer owners of the plant. FNA
Crops, News

Proxy battle looms for May in Agrium-Jana standoff

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Canadian fertilizer company Agrium Inc. has failed to prove that it should keep its two main divisions together, and also needs to cut costs and use capital more effectively, activist shareholder Jana Partners said Feb. 7. Jana, the largest Agrium investor with six per cent of shares, was rebutting a presentation the company made to
Crops

Mosaic profit falls on weak China sale

reuters / Mosaic’s quarterly operating profit fell 30 per cent and the fertilizer producer said it expects potash margins to fall further in its current quarter, a reflection of its recent low-priced contract with China. China has been aggressively negotiating for lower potash prices. In December, Sinofert Holdings signed a deal with Canpotex — the
Crops

Jana takes case for Agrium breakup to Canada investors

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Reuters / Activist shareholder Jana Partners LLC said Jan. 23 it is taking its case for splitting up Agrium Inc. to the fertilizer company’s Canadian investors, just ahead of an Agrium move to solidify its support among sell-side analysts. Jana, a New York-based hedge fund, wants Agrium to split its farm retail division from its
Cereals, Crops, Grain Markets, News

FNA will act as sourcing agent for new CWB

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Staff with Farmers of North America (FNA) will soon be able to act as the middleman for farmers interested in contracting grain to CWB. Saskatoon-based FNA, a farmers’ buying group negotiating deals on low-cost inputs and other farm supplies and services, announced Jan. 24 its staff will act as “a key sourcing agent for CWB
Crops, News

Canpotex signs China potash supply deal at discount

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Three North American potash producers have struck a six-month agreement to supply the crop nutrient to a subsidiary of China’s Sinofert Holdings Ltd. at a steep discount of US$70 per tonne from the last contract price. Canpotex Ltd., the offshore sales agency for PotashCorp of Saskatchewan, Mosaic Co. and Agrium Inc. — said on Dec.
News

Monsanto fund supports Youth Parliament

Monsanto Canada Inc. is working with Youth Parliament of Manitoba (YPM) to make the program more accessible to rural youth by subsidizing travel costs and promotion. The company is contributing $4,500 over three years. “The creation of the Monsanto Rural Development fund allows us to truly live up to the ‘Manitoba’ aspect of our name,”
Crops, News, Oilseeds

Feds say no link in Viterra, Nexen approvals

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Reuters – The Chinese government is treating its role in potential takeovers of two Canadian companies separately, and is not linking them in order to pressure Ottawa to approve a deal between China’s CNOOC Ltd. and Canadian oil producer Nexen Inc., Canada’s agriculture minister said Nov. 13. Approval from China’s Ministry of Commerce (MOFCOM) under

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