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AGT Food and Ingredients announces sale of Shortline Rail and Bulk Handling Facility

AGT Food and Ingredients Inc. (AGT) has sold its shortline rail and bulk handling infrastructure to a global alternative asset management firm, GCM Grosvenor.

The sale includes MobilGrain and its operating subsidiaries:

Last Mountain Rail, with 140 kms running from the Regina Plains to Central Saskatchewan, including 160 kms of running rights on CN.

Big Sky Rail, with 431 kms running from Central Saskatchewan through West Central Saskatchewan.

MobilEx Terminal Ltd., a port and loading facility for grain and potash located in Thunder Bay, Ont.

Intermobil, a privately-operated intermodal terminal located in Regina, Sask., featuring CN service to the Atlantic, Pacific and Gulf Coasts and CN’s intermodal terminals.

Bulk loading infrastructure includes Saskatchewan facilities in Condie, Aylesbury, Delisle, Dinsmore, Lucky Lake, Beechy, Elrose, Kyle, Eston and Laporte for the receiving of grains, canola and pulses from farmers in the region.

The assets included in the sale of shares to GCM Grosvenor are critical infrastructure in the Saskatchewan agricultural sector, with transportation of agri-products from the Regina Plains, West Central and Central Saskatchewan regions, an area that is one of the most important grain, canola and pulse growing regions of the world.

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Why Invest in Canada’s Seed Future? | On The Brink: Episode 3

Video: Why Invest in Canada’s Seed Future? | On The Brink: Episode 3

Darcy Unger just invested millions to build a brand-new seed plant on his farm in Stonewall, Manitoba so when it’s time for his sons to take over, they have the tools they need to succeed.

Right now, 95% of the genetics they’ll be growing come from Canadian plant breeders.

That number matters.

When fusarium hit Western Canada in the late 90s, it was Canadian breeders who responded, because they understood Canadian conditions. That ability to react quickly to what’s happening on Canadian farms is exactly what’s at risk when breeding programs lose funding.

For farmers like Darcy, who have made generational investments based on the assumption that better genetics will keep coming, the stakes are direct and personal.

We’re on the brink of decisions that will shape our agricultural future for not only our generation, but also the ones to come.

What direction will we choose?

On The Brink is a year-long video series traveling across Canada to meet the researchers, breeders, farmers, seed companies, and policymakers shaping the future of Canadian plant breeding. Each week, a new story. Each story, a piece of the bigger picture.

Episode 3 is above. Follow Seed World Canada to catch every episode, and tell us: Do you think the next generation will have the tools they need to success when they takeover? How is the future going to look?