Genesis Grain Hosts Meetings for Fertilizer Business

Posted by on Mar 30, 2015 in Media Coverage |

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 |

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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Farmers of North America expands in the United States

Posted by on Dec 8, 2014 in Media Releases |

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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FNA Holds Fertilizer Meetings

Posted by on Sep 28, 2014 in Media Coverage |

Now that harvest is wrapped up, Farmers of North America have been conducting meetings throughout the region to teach producers the benefits of manufacturing their own fertilizer. FNA has set up a Fertilizer Limited Partnership to assist farmers with learning the steps to set up a nitrogen fertilizer plant. “Our very first milestone we thought we’d hit in 60 days and we hit it in ten,” explains Vice President of Operations Terry Drabiuk on how the meetings have been going, “And we have doubled that in the first fifteen days of meetings so it has ranged from really string support to trying to get people out when the weather is nice and they’ve been trying to put down their fertilizer for fall.” Drabuik says when it comes down to it, producers can save a good chunk of money manufacturing their own fertilizer. “I think it is the price discrepancy between the cost of production and the cost of urea,” he added, “Currently the cost of production is anywhere from $150 to $180 a tonne and yet the average retail price is around $600.” Meetings have been held through Alberta, Saskatchewan and Manitoba with Watrous, Southey Wadena, and Wakaw hosting meetings last week. Listen to the full comments with Terry Drabiuk below. – See more at:...

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