Construction
is ready to begin on the first of seven fertilizer manufacturing plants that
will be owned by farmers across Western Canada.
Genesis
Grain & Fertilizer, LP (limited partnership), will build the plant
$24-million plant at Belle Plaine, Sask.
Genesis
is backed Farmers of North America (FNA) and AgraCity Crop & Nutrition
(AgraCity).
"Farmers
have been deserving of this unique business structure for countless
generations," says FNA president James Mann.
"In
a matter of 12 months once construction is complete, just over 600 farmers from
over 200 Western Canada communities with the vision and confidence to join FNA
and AgraCity on this journey, will be the first to directly share in the
responsibility and rewards of owning part of a major fertilizer supply and
distribution system. A piece of the supply chain they can call their
own."
The
Western Canadian market is now dominated by Potash Corporation of Saskatchewan,
the world’s largest potash mining company, and Agrium, the world’s largest
fertilizer retailer, who have announced plans to merge.
The deal
has approvals from some countries, but not yet from Canada and the United
States governments.
