Talks on Canada Agrium, Potash Merger

September 1, 2016 01:40 PM

Mergers and consolidation continues to pickup speed in agriculture.

This week, the U.S. Department of Justice stopped a John Deere-Precision Planting merger, and a pair of Canadian businesses are hoping for better luck. 

Agrium Inc. and Potash Corporation of Saskatchewan Inc. have confirmed both companies are in the early stages of merger talks. 

If the two companies merge, the combination would be valued at $28 billion.

Lower farm incomes and commodity prices continue to weigh on business margins for both companies, and a decision has not been made yet. 

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