Genesis Grain Hosts Meetings for Fertilizer Business

Posted by on Mar 30, 2015 in Media Coverage | 0 comments

Genesis Grain and Fertilizer is hosting a series of farm meetings this week across Saskatchewan to raise capital for its fertilizer business. Bob Friesen with Genesis Grain and Fertilizer says seven fertilizer distribution centres will be set up across the prairies, including three in Saskatchewan. He hopes to raise a minimum of 24-million dollars. The distribution centres will be part of Project N, a two-billion dollar fertilizer plant being built west of Regina near Belle Plaine. The plant is part of Genesis, a farmer owned company led by the group Farmers of North...

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Genesis Grain & Fertilizer releases new offering

Posted by on Feb 26, 2015 in Media Releases | 0 comments

SASKATOON, Feb. 26, 2015 – Genesis Grain & Fertilizer Limited Partnership (Genesis) today released a new offering memorandum (OM) as it begins to raise capital from farmers for its fertilizer distribution business. Genesis is a farmer-owned grain handling and fertilizer distribution business led by Farmers of North America (FNA) and AgraCity Crop & Nutrition (AgraCity). The fertilizer distribution side of the business is a key supporting piece of ProjectN – the initiative to build a nitrogen fertilizer manufacturing plant, recently announced as located in Belle Plaine, Saskatchewan. “Creating opportunities for farmers to invest in and own part of the value chain, including this OM for Genesis, has been part of the evolution of FNA and AgraCity,” says Genesis spokesperson Bob Friesen. The OM for fertilizer distribution is the second of three phases in the plan for farmers to accrue as much of the fertilizer margin from manufacturing to the farmgate as possible. The three phase strategy begins with leveraging the expertise of AgraCity’s fertilizer desk for the procurement of and distribution of various fertilizers to farmer members prior to the build-out of supercenters. The second phase is an opportunity for farmer members to invest in the supercenters used for distribution which comes with the launch of this OM. And the final phase is ProjectN, the farmer owned fertilizer manufacturing plant for which the distribution supercenters are crucial. “This announcement is very important to us and for our members,” explains Friesen. “We announced the creation of Genesis on October 16, 2014 and were working very quickly to raise the necessary funds from farmers through an OM which at that time included an opportunity for farmers to acquire a majority partnership share of the CWB, but the results of that opportunity have been widely reported,” explains Friesen. “FNA and AgraCity will continue to determine if there are ways to work with the CWB to ensure maximum efficiency of the use of farm capital,” noted Friesen. He continues, “We will also be working to identify any other opportunities to capitalize on grain handling opportunities.” The details of the OM will be made available to accredited investors only. The core of the investment is in fertilizer distribution sites that are strategically located to serve members and facilitate developing further business opportunities. Genesis Grain & Fertilizer is a Limited Partnership and a separate legal entity designed to be a globally competitive farmer-owned grain marketing, handling & fertilizer distribution business. Participation is only available to accredited investors who are farmers and FNA Members. Visit www.genesisgrainandfertilizer.ca to find out more. For more information, contact: Bob Friesen, VP Government Relations Tel: (613) 230-2222 Cell: (613) 852-9711...

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New markets opening up to Canadian businesses

Posted by on Feb 10, 2015 in Media Coverage | 0 comments

Many Saskatchewan businesses have a chance to expand their opportunities by exporting to new markets; they just don’t know how to do it. “The U.S. will always be our No. 1 trading partner, but the growth opportunities are beyond North America,” said Ed Fast, Minister of International Trade. Fast, who was in Saskatoon recently and is currently leading a five-day trade mission to South Korea, said there is lack of awareness among small and mediumsized businesses of the tools that federal and other levels of government can provide to help them succeed in exporting. Many also lack awareness of the opportunities that have opened up to them because of recent free trade agreements such as the Canada-Korea Free Trade Agreement (CKFTA), which came into effect on Jan. 1 and makes almost 90 per cent of Canada’s current exports to South Korea dutyfree, Fast said. More than 100 Canadian delegates, including provincial entities such as the Saskatchewan Trade and Export Partnership (STEP), Farmers of North America, International Road Dynamics and Prairie Berries, are on the mission. Fast said multiple Saskatchewan business sectors will benefit from the CKFTA. A major area is agriculture and agri-food. “(For example) I believe the tariff on pulses was over 600 per cent and … now those tariffs have been eliminated,” he said. “There is also advanced machinery manufacturers – in the farm industry – with opportunities now to open up a market in Korea.” Service sectors such as engineering and environmental services, along with resources, will also benefit, he said. “Canadian companies that heretofore have been essentially shut out of the Korean marketplace now see an opportunity to open up a market of 50 million consumers.” Delegates on the mission will meet with the Canadian Trade Commissioner Service, Canada’s export agencies and with Korean businesses that could become partners. “We want to make sure Canadian companies get off to a running start in taking advantage of this trade agreement,” Fast said, adding businesses can use Korea as a gateway to other Asian markets. Go Global Fast was recently in Saskatoon to take part in a Go Global conference put on by the federal government and the Greater Saskatoon Chamber of Commerce. The conference was designed to give businesses the tools, information and support they need to take advantage of new trade opportunities around the world. Of the more than 1.1 million small and mediumsized Canadian businesses, only 41,000 export their products or services. Of those 41,000 exporters, only 11,000 export beyond North America. “Many have the capacity to export, but do not,” Fast said, adding many firms don’t know how many resources are available to help them. “Canadians are immensely cautious,” he said. “We are...

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Farmers of North America expands in the United States

Posted by on Dec 8, 2014 in Media Releases | 0 comments

News Release – For Immediate Release FNA and AgraCity expand into United States (Kansas City, MO, December 8, 2014) – Farmers of North America (FNA), a North American farmers’ business alliance, today announced a major strategic expansion of its organization into the United States. What makes this move doubly advantageous to U.S. farmers is that FNA is bringing with it its major supply partner, AgraCity Crops and Nutrition. “We’ve already got people on the ground and plans in place to begin offering U.S. farmers the opportunity to join the FNA business alliance, and take advantage of the value we offer particularly through our supply partner, AgraCity”, says FNA President & CEO, James Mann. “When the organization began back in 1999, the name was chosen because we knew that the U.S. was part of the long-term plan,” adds Mann. The first stage of U.S. market entry will begin with the states of North Dakota, South Dakota and Minnesota. FNA and AgraCity U.S.A. teams are already in place, recruiting FNA members and bringing AgraCity’s competitive farm inputs to those members. Farmers of North American USA COO, James Webb, is excited and ready for the launch. “Farmers of North America is a proven model that will definitely benefit American farmers. It’s hard to argue with the kind of success we’ve had north of the border; tearing down glyphosate prices and launching an advanced project to build a nitrogen fertilizer plant,” Webb said. Mann explained that expansion into the U.S. has a lot of benefits for both Canadian and U.S. farmers and current members. “The FNA business alliance succeeds through farmers working together, providing the market power needed to balance the monopolistic forces that are capturing far too much of the value of farmers’ work. Having a strong presence in the U.S. will make the organization stronger, and provide benefits for members in both countries that wouldn’t be possible otherwise.” Key to the success of entry into the U.S. is the ability to provide members real value. The exclusive supplier to FNA Members of many key farm inputs, AgraCity Crops and Nutrition, Inc., is ready to deliver that value with its own team of people. AgraCity’s core business is the procurement, production, packaging, sale and distribution of crop inputs (fertilizers, crop protection, adjuvants, seed and petroleum products) and other ag-related products to stakeholders in a value added manner. As part of its work with FNA Members, AgraCity is committed to the FNA mission of maximizing farm profitability of its Members. AgraCity USA Country Head, Jeff Novak, believes the AgraCity model is going to fill a need for farmers in the U.S. “AgraCity’s business model is to grow by focusing on the success of...

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