AFE120409

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SAVE BIG! SEE INSIDE!

WIN 1 OF 2 Arctic Cat Prowler Side by Sides

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VO L U M E 9, N U M B E R 8

12-04-02 4:12 PM

A P R I L 9, 2 0 1 2

Richardson International to share top spot in Canada’s grain industry STAYING POWER  The patient 155-year-old firm outlasted the Pools, UGG and the wheat board BY ALLAN DAWSON STAFF

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he pending multibilliondollar sale of Viterra demonstrates the value of patient capital and private ownership, says Richardson International president Curt Vossen. Last month, publicly traded Viterra, Canada’s largest grain company, announced it was selling to the world’s No. 1 diversified commodities trader, Swiss-based Glencore, for $16.1 billion. But in a move believed aimed at getting government approval, Glencore will sell some of Viterra’s assets to Winnipeg-based Richardson and fertilizer giant Agrium, headquartered in Calgary. Richardson’s market share will jump to 34 per cent from around 24 currently. Richardson will buy 19 Viterra elevators, 13 attached retail farm input outlets, Viterra’s smaller 231,000-tonne capacity “C” terminal at Thunder Bay, one-quarter of Viterra’s 282,830-tonne Cascadia terminal at Vancouver and Can-Oat milling, which includes a wheat mill in Texas and an oat plant in Nebraska. Calgary-based Agrium will buy 90 per cent of Viterra’s 258 input

RICHARDSON’S  page 6

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The Pioneer elevator at Olds. Family-owned James Richardson International is now tied for No. 1 in grain handling on the Prairies.

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Q & A - PARTY LEADERS ADDRESS FARM AND RURAL ISSUES  PAGE 46

It’s time. Prices in effect from March 26 to April 30, 2012 18311_07 UFA LubeFilter_Banner_10.25x3.indd 1

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