One Big Farm

Sprott Resource Corp. said on Dec. 16 that it will invest $30 million in its One Earth Farms Corp. subsidiary to make it Canada’s biggest operating crop and cattle farm in 2011. Sprott said it plans to exercise 30 million warrants in One Earth, increasing its ownership interest to 80 per cent from 66.7 per cent. One Earth Farms leases land in Western Canada, mainly from Aboriginal reserves. The company says it is negotiating with more than 40 First Nations representing more than two million acres of land across Alberta, Saskatchewan and Manitoba. – Reuters

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