Genesis Fertilizers is a partnership that will be majority owned by Western Canadian farmers to build a urea production and distribution facility to be located at Belle Plaine, Saskatchewan, and a network of seven storage and distribution facilities across the three Prairie provinces.
One of those distribution centers will be in Northeast Saskatchewan at Tisdale. This proposed project, if completed, will be new investment in, and will create jobs at, the newly established agricultural industrial park in Tisdale. Terry Drabiuk is the Vice President of Business Development for Genesis.He'll talk about the company's plans and how farmers can get involved.
Four provincial farm organizations want the Saskatchewan government to examine the proposed merger between Bungee and Viterra. Agricultural Producers Association of Saskatchewan, along with crop commissions SaskCanola, SaskWheat and SaskBarley have sent a joint letter to Agriculture Minister David Marit making the request.
Farmers are worried about less competition. A recent poll of farmers found that well over 80 percent were concerned about a lack of competition if the Bunge/Viterra deal is approved. APAS President Ian Boxall shares those concerns and points to the province's examination of the 2012 Glencore-Viterra merger as a precedent . . . along with a 2010 proposed merger between Potash Corp and BHP Billiton, which eventually fell through.