Farmers of North America is asking farmers to express their interest in investing in and building a farmer-owned grain-handling and fertilizer distribution company.
Bob Friesen with Farmers of North America says they see the synergy between the farmer owned fertilizer plant their building and grain handling adding there’s room for farmers to be involved and benefit.
Friesen says they would look at everything from building grain handling sites to buying or investing in current operations.
"When you look at the fact that grain handing and marketing margins are pushing 40 dollars, when you look at the fact that the basis over the last year cost western farmers somewhere over 40 billion dollars we have the same situation as project n, there is a significant margin for framers to capture and that of course is our objective," said Friesen.
Friesen stopped short of confirming whether or not part of that plan would involve investment in the CWB which is about to be privatized.
Source: SteinbachOnline