BLOG

Cargill acquires Precision Ag, expanding its Canadian crop inputs business

29 March 20212 min reading
Following a successful 22-year joint venture, Cargill will purchase southeastern Saskatchewan crop inputs retailer, Precision Ag, in a move that deepens its commitment to farmers in the region. Cargill The business will continue to operate as Precision Ag, based in Griffin, SK and there will be no changes for its 23 employees or at its four locations in Griffin, Odessa, Carlyle and Carnduff. Precision Ag’s leadership team will stay in their current roles for the next three years to ensure a seamless transition of the business. Precision Ag offers crop nutrition, crop protection and seed, which it sells to farms representing approximately 600,000 acres. It also sells micronutrients, inoculants, short-line equipment, feed and other services. “As we thought about our most strategic succession plan, we quickly agreed that selling to Cargill was the best decision given our shared values and interest in providing quality crop input services to farmers throughout Western Canada,” said Jay Gerry, Precision Ag’s general manager. “We’re excited for our employees and customers as they will continue to receive the very best this long-term partnership represents, as well as the world-class professional services and resources Cargill brings to the future of our business.” The acquisition of Precision Ag expands Cargill’s network of grain and ag service businesses throughout Canada, including an integrated mix of crop inputs, grain marketing, and consulting services for greater access and customer service with area farmers. “We look forward to carrying on Precision Ag’s legacy of outstanding service and building on the expertise and trust our long-term partnership represents,” said Blaine Duncan, Cargill regional commercial leader. “As a global ag leader, we’re strategically positioned to advance Precision Ag’s business model in such dynamic market conditions. We’re honored the Precision Ag leadership team turned to Cargill to lead the next chapter of this business.”
Articles in News Category
16 July 20206 min reading

As more go hungry and malnutrition persists, achieving Zero Hunger by 2030 in doubt, UN report warns

More people are going hungry, an annual study by the United Nations has found. Tens of millions h...

09 March 20202 min reading

Covantis initiative announces technology partner – ConsenSys

The founding members of the Covantis initiative, which aims to modernize global trade operations,...

12 June 20203 min reading

IGC forecasts record world grains crop in 2020/21

International Grains Council (IGC) projected world grains production at an all-time high of 2.230...