GFM Network News


Mayo Schmidt, shown here in Winnipeg in 2007, has been named CEO of Nutrien. (Dave Bedard file photo)

Ex-Viterra chief Schmidt named Nutrien’s new CEO

Chuck Magro stepping down for 'new opportunities'

Canadian fertilizer and ag retail giant Nutrien has tapped a familiar name in agribusiness to lead the company, as the CEO it’s had since birth steps aside. Saskatoon-based Nutrien said Monday its board has named its current chairman, Mayo Schmidt, as the company’s new CEO. Replacing Schmidt as Nutrien’s chair is Russ Girling, former CEO […] Read more



(Staff photo)

PotashCorp, Agrium get last blessing for Jan. 1 wedding

Two major Canadian players in the global fertilizer industry now have what they say is the final blessing they need to close their merger deal Jan. 1, on two already-met conditions. Saskatoon-based Potash Corporation of Saskatchewan and Calgary-based Agrium Inc. announced Wednesday they’ve received clearance from the U.S. Federal Trade Commission (FTC) to close their […] Read more

Sulphur piles in North Vancouver on Dec. 18, 2017. (Photo: Reuters/Ben Nelms)

Price spike in sulphur leaves farmers, fertilizer makers sour

Winnipeg | Reuters — Phosphate fertilizer producers such as Mosaic Co. and PotashCorp are paying the highest prices in two years for sulphur, a key ingredient in their farm products, but farmers are the ones absorbing the extra cost. Higher sulphur costs, the result of tight global supplies and strong Chinese demand, come as fertilizer […] Read more


(Dave Bedard photo)

PotashCorp Q3 profit disappoints ahead of merger

Reuters — Canada’s PotashCorp, set to merge with rival Agrium to withstand a fertilizer slump, reported a smaller-than-expected quarterly profit Thursday and narrowed its full-year forecast, pressuring its stock. Prices of crop nutrient potash have leveled off this year after hitting eight-year lows late last year due to low crop prices and excessive production capacity. […] Read more

(Dave Bedard photo)

Shutdowns planned for two PotashCorp mines

Fertilizer firm PotashCorp plans to temporarily halt production at two Saskatchewan potash mines this winter to curb excess supply. The Saskatoon company, in the midst of seeking regulatory approvals for a merger with Calgary competitor Agrium, announced last week it will “curtail” production at its mines at Allan and Lanigan, Sask. The shutdowns will run […] Read more


(Staff photo)

PotashCorp, Agrium choose new married name

Canadian fertilizer giants Agrium and PotashCorp have picked the new brand under which they plan to do business once their proposed merger clears. Calgary-based Agrium and Saskatoon-based PotashCorp announced Wednesday their new merged company, pending regulatory review and approvals, will be named Nutrien. “The new organization will be the global leader in reliable, low-cost crop […] Read more

BHP Billiton, whose Jansen, Sask. mine shaft is shown here, describes the mine as its “most advanced” project but still in its feasibility study stage. (BHPBilliton.com)

BHP stays course on potash mine few expected built

New York | Reuters — BHP Billiton’s Canadian potash mine will use advanced, cost-saving technology, giving it a competitive edge in a currently oversupplied fertilizer market, the executive in charge of the business said on Thursday. Australia-based BHP aims to start potash production at Jansen, Sask., about 70 km southeast of Humboldt, in 2023, eventually […] Read more


(Dave Bedard photo)

Agrium posts smaller-than-expected loss for quarter

Reuters — Agrium, the world’s biggest farm retailer, reported a smaller-than-expected loss on Monday, helped by higher selling prices for potash. The Calgary-based fertilizer and ag retail firm sold 636,000 tonnes of wholesale potash in the first quarter ended March 31 at an average of $208 per tonne, compared with 456,000 tonnes at $199 per […] Read more

(Dave Bedard photo)

PotashCorp notches higher profit as sales climb

Reuters — Saskatchewan-based PotashCorp reported a bigger-than-expected rise in quarterly profit on Thursday and raised its full-year outlook, citing lower costs and increased sales volumes. Shares of the Saskatoon-based fertilizer producer rose 1.6 per cent in early New York trading, touching a three-week high. Revenue was lower in the first quarter due to weaker prices […] Read more