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Tag Archives Agrium

An Agrium fertilizer distribution facility west of Portage la Prairie, Man. (Dave Bedard photo)
Crops, Reuters

Indian regulator warns on Agrium-PotashCorp merger

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New Delhi | Reuters — India’s competition regulator said the proposed merger between Agrium and PotashCorp was likely to hurt competition, a government statement said Wednesday. The two Canadian fertilizer producers agreed to merge last September to navigate a severe industry slump by boosting efficiency and cutting costs. Neither Agrium nor PotashCorp have physical presence […] Read more
An Agrium fertilizer distribution facility west of Portage la Prairie, Man. (Dave Bedard photo)
Crops, Reuters

Agrium forecasts less profitable year than expected

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Reuters — Fertilizer maker Agrium, the world’s biggest farm retailer, on Thursday forecast a less profitable year than expected and said its quarterly profit plunged. The Calgary-based company said after normal trading hours that it expects to earn $4.50-$6 per share in 2017. The midpoint of $5.25 fell below analysts’ average estimate of $5.45, according […] Read more
Canola, Crops

Agrium uses ESN to get to 100 bushels

Ag In Motion Plots: Agrium used its Canola 100 plot at AIM to showcase controlled release fertilizer

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Agrium used its Ag In Motion canola plots to show visitors how ESN controlled release fertilizer can help farmers get to 100 bushels per acre. The plan included a lot of fertilizer. “My intention was to look at growing 100 bushel canola based on crop removal rates, having high rates of phosphate, high rates of […] Read more
(Dave Bedard photo)
Crops, Reuters

PotashCorp to cut jobs, output as prices sag

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Reuters — Fertilizer maker PotashCorp said Wednesday it was reducing jobs and output at one Saskatchewan mine and temporarily curtailing production at two others as the sector struggles with weak prices. The company said it would cut production at its Cory potash mine, just west of Saskatoon, to 800,000 million tonnes a year from 1.4 […] Read more
(Photo courtesy Nutrien)
Crops, Reuters

Agrium posts quarterly loss

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Reuters – Agrium, the Calgary-based fertilizer maker that’s in the midst of a merger with PotashCorp, reported a quarterly loss Nov. 3. The company reported a net loss from its operations of $52.2 million, or 39 cents a share in the third quarter, which ended Sept. 30. That’s compared to a net profit of $132.5 […] Read more
This is my good neighbour Iver Johnson with his 9770 and MacDon header cutting peas on the farm of another good neighbour Curtis Block near Dundurn, Sask., on August 16, 2016. The crop yielded 50 bushels per acre of of beautiful white peas. The MacDon header is a real cutting machine and Iver made good time. Curtis and Iver work together and it is a great thrill for this old fossil to watch it all happen. During harvest, Iver traded up to an S 680, so now they have two S 680s at work.
Columns, Crops

Potashium: fertilizer mergers

In the wake of announced mergers, a look at the history of Prairie fertilizer

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The recent proposed merger of Potash Corporation of Saskatchewan and Agrium has generated much discussion about the merits or pitfalls. I have little knowledge of the backroom dealings of huge corporations but am uneasy about companies becoming too large and competition dwindling. The final decision will be up to the Government of Canada Competition Bureau […] Read more
(Dave Bedard photo)
Crops, Reuters

Agrium, PotashCorp shareholders vote on merger next month

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Reuters — Agrium and PotashCorp shareholders will hold separate meetings next month to vote on a merger agreement between the two fertilizer companies, they said in a filing on Thursday. The all-stock deal would combine Potash’s crop nutrient production capacity, the world’s largest, with Agrium’s farm retail network, North America’s biggest. Agrium shareholders will meet […] Read more
(CropScience.Bayer.ca)
Crops, Reuters

U.S. lawmakers skeptical of ag chemical, seed merger wave

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Washington | Reuters — U.S. lawmakers expressed concern on Tuesday over a wave of mergers among companies that sell farmers their seeds, herbicides and insecticides, worrying that the deals could lead to higher prices and less innovation at a time of dropping farm incomes. Senator Richard Blumenthal, a Democrat from Connecticut, said the proposed mergers […] Read more

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