Based on the announcement today of the Glencore purchase of Viterra, Richardsons has really solidified their already strong presence in Western Canadian agriculture. According to the Richardson's press release: Richardson’s agreement with Glencore includes the purchase of a 25% ownership interest in Cascadia Terminal (Vancouver), which will allow Richardson to ship increased volumes of grain... Read More
Category: Western Canada
Establishing a seed grade can be a frustrating process at times, especially at point of sale. If a seed lot is on the edge, there is a lot riding on what grade it ends up making. If the crop is graded on site, there can be a lot of areas where doubt can arise as... Read More
Well it official....Viterra has been sold. TheGlobe and Mail is reporting this morning that Glencore has purchased Viterra for 6.1 billion. Agrium (CPS) take the majority of the agri retail spots while Richardson's has acquired a quarter of the grain handling assets. More to come as the story develops.
This winter was unusually mild over most of the west this year. Although the lack of bitterly cold temperatures was more than welcome for most of us, we could all agree that we could have done with some more moisture. Over a large portion of the prairies, there was a real lack of snow cover... Read More
I was listening to CBC Radio this morning and I thought this was a pretty good discussion of the political side of the Viterra takeover. In particular the challenges that Brad Wall has with explaining the three way deal to residents of Saskatchewan. Viterra is a different kind of company than Potash Corp and therefore... Read More
The North American cattle market has been very strong this spring. Without a doubt producers in the U.S. and Canada are nervously waiting to see where the market will go following the peak. Feed grain production, especially corn will have a major influence on the feeder side. The other player continues to be the weather,... Read More
With rumors swirling that Viterra is potentially going to be sold to non-Canadian entity like Glencore or ADM, many Canadians are speculating that the Federal Government might intervene in the deal. This would be similar to the Potash Corp sale which was kibosh-ed by Saskatchewan Premier Brad Wall and Prime Minister Stephen Harper. If you... Read More
After the second time in less than a week that Viterra has halted trading on the TSX, a process for the potential sale of the company has been established. The press is speculating that $16 per share is the number to get in on the action. Viterra did not mention any names in their public... Read More
On March 4th we said goodbye to Europe and headed West to North America.We hit the halfway mark in our Global Focus Program while in Washington, DC. After a short night’s sleep, we started the morning on March 5th with a meeting at the Canadian Embassy. It was interesting to have both a Canadian and... Read More
The Alberta Government has always held to the position that the Land Stewardship Act was created to protect Alberta's environment and allow for sustainable development to occur in the province. While everyone may agree that that is a noble goal, not everyone agrees with how the government is going about it. The Alberta Government maintains... Read More