Agrium sees profits drop in second quarter

(Reuters) — Canadian fertilizer maker Agrium Inc. reported a 1.2 percent fall in quarterly profit last week, hurt by weak demand for phosphate and nitrogen. Net earnings attributable to shareholders fell to $558 million, or $4.03 per share, in the second quarter that ended June 30, from $565 million, or $4.08 per share, a year […] Read more

Potash Corp, Agrium to merge to create $36 billion company

Sept 12 (Reuters) – Canada’s Agrium Inc and Potash Corp of Saskatchewan Inc agreed to combine in a deal that would create a fertilizer giant with an enterprise value of about $36 billion but also draw scrutiny from U.S. regulators. Potash Corp, the world’s biggest crop nutrient company by capacity and Agrium, North America’s largest […] Read more

Agrium, Potash Corp of Saskatchewan confirm merger talks

Agrium Inc. and Potash Corp of Saskatchewan Inc. confirmed Tuesday they are in preliminary merger talks. Agrium is North America’s major distributor of agricultural products and produces nitrogen, potash and phosphate fertilizer. PotashCorp is the world’s largest potash producer with five mines in Saskatchewan, as well as nitrogen and phosphate operations. Both issued statements saying […] Read more

CPS eyes Cargill’s U.S. retail assets

Crop Production Services, a division of Calgary-based fertilizer company Agrium, is adding another 18 locations to its growing agricultural retail empire in North America. Agrium announced July 6 that CPS and Cargill AgHorizons have reached a deal that will see CPS take over 18 Cargill retail operations. All of the sites are located in the […] Read more

Schmidt joins Agrium board

Hedge fund unhappy | Former Viterra president wasn’t on largest shareholder’s wish list

The former head of Viterra has a new position of power on the board of a fertilizer company that could soon be in control of a sizeable chunk of Viterra’s old assets. Agrium Inc. has appointed Mayo Schmidt, former president of Canada’s largest grain company, to its board of directors. The Canadian fertilizer giant has […] Read more

Agrium calms fertilizer pricing fears

Concerns over market power | Agrium says it will have a 30 percent share of the fertilizer market

Agrium Inc. offers up plenty of reasons why it won’t abuse its newfound market power in Western Canada, the most compelling being the fear factor. “We would be scared to death to get the reputation that we are not charging anything but a competitive price for fertilizer,” said Kevin Helash, Canada and Pacific Northwest manager […] Read more