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.
Favourable growing conditions are having a positive effect on crops across Saskatchewan, which are reported to be in good to excellent condition and at normal stage of development for this time of year.
Japanese tractor company Kubota has announced a deal to purchase Salina, Kansas-based equipment-maker Great Plains Manufacturing, Inc.
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.
Advancements in farm technology often come from major investments in research and development by large companies, but there are still cases where farmer ingenuity is part of developing something new.