Declining arable land per person will force growers to be more productive and should drive growth in crop inputs.
Increasing demand for meat in China, India, and other emerging markets should support grain prices, motivating farmers to increase yields through greater fertilizer and chemical use.
The retail agriculture market is very fragmented, leaving Agrium room to steadily snap up smaller competitors and increase its share lead and bargaining power with suppliers. Read more
Volatile pricing and demand for crop nutrients have characterized Agrium's business during the past few years, highlighting the cyclical nature of the company's cash flows.
Through subsidies and state-run companies, governments influence about half of both the nitrogen and phosphate markets worldwide.
A lower-cost natural gas region could exploit inherent advantages in nitrogen production and drag down worldwide prices. For example, gas prices in the Middle East and North Africa are traditionally much lower than in Canada. Read more
CEO Michael Wilson joined Agrium in 2000 and moved into his current post in 2003. Wilson is a Dow Chemical alumnus, and also served as a senior executive at Methanex MEOH before moving to Agrium. During his tenure, the company has tripled sales, fueled Read more
With more than 1,250 retail centers, Canada-based Agrium is the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, and seed directly Read more