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Mayo Schmidt, shown here speaking in Winnipeg in 2007, has “left his position” as Nutrien’s CEO and resigned from its board, the company said Jan. 4. (Dave Bedard file photo)
Crops

Nutrien makes surprise CEO switch again despite strong profits

Abrupt change 'mighty perplexing' to analysts

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Reuters — Canada’s Nutrien, the world’s biggest fertilizer producer by capacity, surprised investors by replacing its chief executive on Tuesday for the second time in eight months, even as the company rakes in strong profits. Nutrien said in a statement it named Ken Seitz, the head of its potash business, as interim chief executive after
wade barnes
News

Big ag goes headhunting for carbon offsets

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EMERGING | In a wild, wild west of carbon programming services, should producers buy in (or rather sell in) to the sales pitch?

As Canadian and U.S. carbon markets heat up, big ag companies are throwing their hats into the carbon offset program ring and looking to recruit farmers to produce those offsets. This June, fertilizer giant Nutrien rolled out a plan to expand its pilot carbon program which began last year. With about 200,000 acres enrolled in
(DarcyMaulsby/iStock/Getty Images)
Crops, Markets

Potash partnership with BHP ‘not our focus,’ Nutrien executive says

Prices surging on rising demand, Belarus sanctions

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Winnipeg | Reuters — Canadian potash producer Nutrien is not focused on any potential collaboration with miner BHP Group, a senior Nutrien executive said Tuesday in the company’s first public comments about reports of possible co-operation. BHP has for years been constructing a potash mine at Jansen, Sask., near Nutrien’s six mines in the province.
Nutrien’s potash mine near Rocanville, Sask. (Nutrien.com)
Crops, Markets

Nutrien to further bump up potash output

'Continued tightening' in market cited as potash producer Belarus sanctioned

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Winnipeg | Reuters — Canadian fertilizer producer Nutrien said Monday it would boost its 2021 potash output by 500,000 tonnes, after the European Union and others imposed new trade sanctions on Belarus. Nutrien’s increase takes its potash sales outlook this year to a record-high range of 13.3 million to 13.8 million tonnes, and follows a
Nutrien’s potash facility at Vanscoy, Sask. (Nutrien.com)
Crops

Nutrien to boost potash output on global demand

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Reuters — Fertilizer company Nutrien said Monday it expects to increase potash production by about half a million tonnes in the second half of the year compared to earlier expectations, due to strong global demand. As crop prices rise, farmers have greater incentive to use fertilizer and maximize yields, boosting potash demand and spurring a
A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)
Crops, Other

BHP reported in talks with Nutrien on potash partnership

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Reuters — BHP Group is in discussions with fertilizer maker Nutrien about a partnership in the miner’s massive potash project in Saskatchewan, Bloomberg reported Wednesday, citing sources. Potential options include Nutrien acquiring a stake in BHP’s mine at Jansen, Sask., or becoming the mine’s operator and selling the potash through its channels, the report said,
Nutrien’s potash mine at Lanigan, Sask., about 100 km southeast of Saskatoon. (Nutrien.com)
Crops

New Nutrien CEO to carry out current strategy

Schmidt to focus on potash price over boosting sales

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Winnipeg | Reuters — Canadian fertilizer and farm dealer Nutrien will continue its existing business strategy, including a focus on supporting global potash prices over maximizing sales, new CEO Mayo Schmidt said Tuesday. Surging prices of corn, soybeans and canola have given North American farmers more incentive to spend on fertilizer, lifting crop nutrient prices
Mayo Schmidt, shown here in Winnipeg in 2007, has been named CEO of Nutrien. (Dave Bedard file photo)
Crops

Ex-Viterra chief Schmidt named Nutrien’s new CEO

Chuck Magro stepping down for 'new opportunities'

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Canadian fertilizer and ag retail giant Nutrien has tapped a familiar name in agribusiness to lead the company, as the CEO it’s had since birth steps aside. Saskatoon-based Nutrien said Monday its board has named its current chairman, Mayo Schmidt, as the company’s new CEO. Replacing Schmidt as Nutrien’s chair is Russ Girling, former CEO
Markets, News

Potash fertilizer producers eye surging demand

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Reuters – Global sales of potash fertilizer look to hit record highs this year, helped by a spike in crop prices, but cautious North American producers are keeping a lid on supplies. Canada’s Nutrien and U.S.-based Mosaic have benefited as crop prices climbed to multi-year highs, helped by strong Chinese demand. “We believe there is

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