Cargill purchases Precision Ag, expanding its Canadian crop inputs business
Contact: April Nelson, Cargill Global Media Relations, April_Nelson@cargill.com, 952-742-9150
No change for employees or operations in the transition
Saskatoon, Sask. (March 16, 2021) – Following a successful 22-year joint venture, Cargill will purchase southeastern Saskatchewan crop inputs retailer, Precision Ag, in a move that deepens its commitment to farmers in the region.
The business will continue to operate as Precision Ag, based in Griffin, SK and there will be no changes for its 23 employees or at its four locations in Griffin, Odessa, Carlyle and Carnduff. Precision Ag’s leadership team will stay in their current roles for the next three years to ensure a seamless transition of the business.
“As we thought about our most strategic succession plan, we quickly agreed that selling to Cargill was the best decision given our shared values and interest in providing quality crop input services to farmers throughout Western Canada,” said Jay Gerry, Precision Ag’s general manager. “We’re excited for our employees and customers as they will continue to receive the very best this long-term partnership represents, as well as the world-class professional services and resources Cargill brings to the future of our business.”
The acquisition of Precision Ag expands Cargill’s network of grain and ag service businesses throughout Canada, including an integrated mix of crop inputs, grain marketing, and consulting services for greater access and customer service with area farmers.
“We look forward to carrying on Precision Ag’s legacy of outstanding service and building on the expertise and trust our long-term partnership represents,” said Blaine Duncan, Cargill regional commercial leader. “As a global ag leader, we’re strategically positioned to advance Precision Ag’s business model in such dynamic market conditions. We’re honored the Precision Ag leadership team turned to Cargill to lead the next chapter of this business.”
About Cargill
Cargill’s 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 155 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture.
About Precision Ag
Precision Ag is a crop inputs-focused business with 23 employees and locations in Carlyle, Carnduff, Griffin and Odessa in southeastern Saskatchewan. It was founded in 1994 and has operated as a 50/50 joint venture with Cargill for 22 years. The business offers crop nutrition, crop protection and seed, which it sells to farms representing approximately 600,000 acres. It also sells micronutrients, inoculants, short-line equipment, feed and other services.