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Country Crossroads

Changing Farm “Work Culture” Key To Safety

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Work is good. Hard work is better. But the sheer need to do a lot of work, combined with the value farm culture places on it, gets in the way of creating a “culture of safety” in Canadian agriculture, say experts on organizational behaviour and workplace leadership. Agriculture’s abysmal record of injuries and fatalities says
News

BHP Kills PotashCorp Bid, Revives Shareholder Buyback

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BHP Billiton has scrapped its $39-billion bid for Canada’s PotashCorp and bowed to calls from investors to return cash, a move that came days after regulators blocked the year’s biggest takeover deal. BHP, conceding defeat for the third straight time on a major proposed merger or acquisition, signalled with its revived $4.2-billion share buyback that
News

Canadian Provinces Push Ottawa To Block Potash Bid

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PotashCorp’s home province was ratcheting up pressure on the Canadian government to block BHP Billiton’s hostile approach as the Nov. 3 deadline for a decision drew near. Saskatchewan, where fertilizer producer PotashCorp is based, wanted Ottawa to reject the Anglo-American mining giant’s $39-billion offer, the largest takeover bid of 2010. It says a deal would
News

BHP’s Bid For PotashCorp Tough Call For Government

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Canada’s Conservative government will put its pro-business reputation on the line when it decides whether to let a foreign firm buy up resource giant PotashCorp, and Ottawa will win enemies whichever way it turns. If it says yes it will alienate supporters in the western province of Saskatchewan, whose right-leaning government both backs the federal
Crops

Surge In Grain Prices May Force BHP’s Hand

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Surging world grain markets may force BHP Billiton to raise its $130-a-share offer for PotashCorp by 25 per cent or more as a subsequent jump in fertilizer shares wiped out its initial bid’s premium to investors. The burst in grain prices late last week may herald a fresh round of food inflation that won’t disappear
Livestock

“Cow Chip” To Track Brazilian Cattle

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Years after India broke into the high-tech business with information technology and China by way of manufacturing, Brazil may find its entrance in an unusual place – a cow’s ear. The South American giant is preparing to use its first locally designed microchip in cattle earrings, a device that could eventually help authorities crack down
Grain Markets

PotashCorp Suit Versus BHP Allowed To Proceed

CHICAGO/REUTERS AU. S. federal judge said on Sept. 27 he would allow the discovery process to proceed in a lawsuit filed by PotashCorp to fend off BHP Billiton’s $39-billion hostile takeover bid. The lawsuit, filed last week in a U. S. District Court in Chicago, alleges that BHP misrepresented material facts related to its bid
Opinion

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

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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,
News

Russians Still Set To Hold Potash Pricing Key – for Aug. 26, 2010

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European producers will continue to set the tone for global potash pricing, even if BHP Billiton clinches a deal for Potash Corp. of Saskatchewan, the world’s biggest producer of the crop nutrient. Potash Corp. typically tailored its production to supporting prices. But in recent years the Belarussian Potash Company (BPC), the marketing arm of producers
News

Farmers Rattled By $39-Billion Bid For Potash Corp. – for Aug. 26, 2010

The possible creation of a fertilizer giant between BHP Billiton’s and Potash Corp. has rattled U. S. and Canadian farmers who fear higher input costs if the $38.6-billion deal goes through. BHP Billiton’s acquisition offer was rejected by Canada’s Potash Corp. but the world’s largest fertilizer company said it might consider a more attractive proposition.

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