Genesis Grain & Fertilizer has confirmed that the first of seven fertilizer SuperCenters will be constructed in Belle Plaine, Saskatchewan.
Debt financing for the $24 million project was made possible through the efforts of promoters, Farmers of North America (FNA) and AgraCity Crop & Nutrition (AgraCity).
"Farmers have been deserving of this unique business structure for countless generations," noted FNA President, James Mann. "In a matter of 12 months once construction is complete, just over 600 farmers from over 200 Western Canada communities with the vision and confidence to join FNA and AgraCity on this journey, will be the first to directly share in the responsibility and rewards of owning part of a major fertilizer supply and distribution system. A piece of the supply chain they can call their own."
Genesis will partner with Stueve Canada Ltd to serve as its lead in the contracting oversight of the investment.
Once complete, Genesis Belle Plaine will be able to store 52,000 tonnes of fertilizer with the ability to distribute three times its capacity at 150,000 tonnes. This will be the largest direct to farm facility of its kind in Canada. The facility will accommodate urea, phosphate, micro-nutrients, sulphur and potash enabling annual supply for farmer investors.
Source : Steinbachonline