There has been a number of large agricultural acquisitions by North American companies in Australia over the past year. Most recently, Agrium has purchased the Australian Wheat Board, then Agrium turned around and sold the commodity business (grain side) to Cargill. We have just heard that the foreign investment review board/ Australian government has “no objections” on the sale to Cargill. We continue to see the large agricultural players get larger. Is that good for Canadian farmers? Is that good for the end consumer? For me anytime you have a few large players controlling a market things don’t work out for the smaller players.
More information on Cargill acquiring AWB from Agrium go to:
– Remi Schmaltz