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Finance Notes – for Feb. 18, 2010

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Published: February 18, 2010

Richardson buys Alberta service centre

Richardson International Ltd. has bought Total Ag Ltd.’s crop input facility at Falher, Alta.

Kimber Mader, who was the previous owner-operator, will continue to manage operations at the crop service centre.

Staff will also be retained.

“By serving as an extension of the products and services we currently provide through our Dunvegan ag business centre in Rycroft, Alta., the new facility enhances our ability to do business with producers in this highly productive agriculture region,” Darwin Sobkow, Richardson’s vice-president for agribusiness operations, said in a news release.

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Close-up of a lentil plant.

Genetic resistance for anthracnose is on the way

anthracnose resistant lentil varieites are on the way according to Ana Vargas, University of Saskatchewan lentil and chickpea breeder. She also shared some management methods for the anthracnose in lentils.

Buhler makes buy

Buhler Industries Inc. of Winnipeg has bought the assets of Feterl Manufacturing Corp. of Salem, S. D.

The company, which makes grain handling equipment such as conventional and swing-away augers, drive-over hoppers and grain cleaners, filed for bankruptcy early last year. It had been in business for 50 years.

Buhler Industries said in a news release the acquisition will allow it to expand its line of Farm King grain handling equipment and increase auger manufacturing capacity.

The purchase includes manufacturing plant, land, equipment, inventory, patents and trademarks.

Buhler was assisted by a low interest loan provided by the South Dakota Economic Development Corp.

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