Bayer and Monsanto announced early Wednesday they have signed a deal that sees Bayer acquire Monsanto for US$66 billion, or US$128 per share. Monsanto’s Board of Directors, Bayer’s Board of Management and Bayer’s Supervisory Board unanimously approved the all-cash agreement. "We are pleased to announce the combination of our two great organizations. This represents a... Read More
Category: Ag Business
Slumping corn prices have enabled an environment for mega agribusiness mergers and acquisitions. In the last twelve months, there's been a steady stream of headlines about the latest and greatest combination of billion dollar companies that will purportedly deliver better products, savings to the farmer, more innovation, synergies, alliances, etc. In this economic environment for... Read More
Canadian fertilizer giants Agrium and Potash Corporation of Saskatchewan say they've reached a deal to merge their businesses to form the largest fertilizer company in the world. The new company, which would be named before the transaction is finalized, would be worth around US$36 billion, with close to 20,000 employees and operations in 18 countries,... Read More
A Govan, Saskatchewan-based company has announced plans to open a chain of independent crop input retail sites in Saskatchewan and Alberta, with operations beginning this fall. “SynergyAG is the natural progression of our family’s 60 years in seed and crop nutrition retail,” said Brad Hanmer, president and CEO of SynergyAG, in a news release issued... Read More
Would a carbon fibre spray boom be strong enough to withstand the rigour of continuous field spraying? That’s a question John Deere intends to answer as it continues to look for ways to substitute the composite material for the steel and aluminum traditionally used in farm equipment, such as boom sprayers. At its annual product... Read More
The back and forth between Bayer and Monsanto continues, as the two crop input giants negotiate a possible takeover by Bayer. The German pharmaceutical and agriculture company has raised its offer price once again, to US$127.50 per share — up from $125 in early July and $122 in the initial proposal issued in May. In... Read More
Agrium's Crop Production Services has reached a deal with the Competition Bureau to sell four retail outlets in Alberta to address concerns about reduced fertilizer competition resulting from its proposed purchase of Andrukow Group Solutions. CPS announced an agreement-in-principle back in April to purchase Andrukow Group and all of its assets, which includes 17 crop... Read More
AGCO has introduced what it calls an entirely new category of tractors with its new Challenger 1000 Series. Dubbed the largest fixed-frame tractors in the world, the Challenger 1000 is touted as a single solution for both heavy draft and row crop work. The new tractor series was unveiled at a media event at the... Read More
Farmers got a glimpse of the future on Day 1 of the Farm Progress Show. Case IH rolled out an autonomous concept tractor and John Deere talked about plans for a carbon fibre farming revolution that could see sprayer booms and more made of the material in the near future. Real Agriculture’s Kelvin Heppner and... Read More
For 32 years, Rob Hall worked in agricultural banking in Ontario – sometimes at the very top of the food chain, and always on the management side of the desk. Now, he’s switched sides. He’s on the farmer’s side. And he’s eager to talk in plain language. In February, Hall launched BankSpeak, a business finance... Read More