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AGRIUM, POTASH CORP OF SASKATCHEWAN CONFIRM MERGER TALKS

Agrium Inc. and Potash Corp of Saskatchewan Inc. confirmed Tuesday they are in preliminary merger talks.

Agrium is North America’s major distributor of agricultural products and produces nitrogen, potash and phosphate fertilizer.

PotashCorp is the world’s largest potash producer with five mines in Saskatchewan, as well as nitrogen and phosphate operations.

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MILD WINTER = EARLY SPRING

The planting season will likely start early across most of Western Canada this year, thanks to an early spring melt and an extremely mild winter that delivered average or below average snowfall to most of the Prairies.

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FARM INCOMES SET TO FALL FROM RECORD HIGH

Reuters— Canadian farm incomes look set to fall in 2016 after a year of record profits, but will still reach above-average levels, according to a report from the federal government.

Rising receipts for crops and livestock have boosted incomes in recent years, due to greater demand in developing countries and a weak Canadian dollar, a report from Agriculture and Agri-Food Canada said Friday. Lower crude oil prices have also cut farmers’ expenses.

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