Agricore United

AgricoreUnited

Agricore United was a Canadian agribusiness formed in 2001 through the merger of two major cooperatives, Alberta Wheat Pool and Manitoba Pool Elevators. It was one of the largest agribusinesses in Canada, dealing primarily in the marketing and trading of grains, oilseeds, and other agricultural products. Agricore United played a significant role in the agricultural sector of Western Canada until its acquisition by the Saskatchewan-based Viterra Inc. in 2007.

History

The history of Agricore United is deeply rooted in the development of the agricultural industry in Western Canada. The company was the result of the consolidation trend in the agribusiness sector, which aimed to improve efficiency and competitiveness in the global market.

Formation

Agricore United was formed in November 2001, when two of the largest grain handling cooperatives in Canada, Alberta Wheat Pool and Manitoba Pool Elevators, merged. This merger was a strategic move to create a stronger entity capable of competing more effectively on a global scale. The new company combined the assets, networks, and expertise of its predecessors, creating a significant force in the Canadian agricultural sector.

Operations

The company's operations included grain handling and marketing, crop inputs and services, and international grain trading. Agricore United operated a vast network of grain elevators across Western Canada, providing services to farmers for the storage and sale of their grain. It also dealt in the distribution of crop inputs such as seeds, fertilizers, and pesticides, and offered agronomic advice and services to its customers.

Acquisition by Viterra

In 2007, Agricore United was acquired by Viterra Inc., another major player in the Canadian agribusiness sector. The acquisition was part of Viterra's strategy to expand its operations and strengthen its position in the grain and agri-products market. The merger of Agricore United with Viterra created one of the largest agribusiness companies in Canada, with an extensive network of assets and operations that spanned across North America and overseas.

Impact on Canadian Agriculture

Agricore United's formation and operations had a significant impact on the Canadian agricultural landscape. By consolidating resources and expertise, the company was able to offer improved services and competitive pricing to farmers. It also played a crucial role in promoting Canadian agricultural products in international markets, contributing to the growth of Canada's agri-food exports.

The company's emphasis on innovation and technology in agriculture helped in advancing farming practices and increasing productivity. Agricore United's agronomic services supported farmers in making informed decisions about crop management, helping to improve yields and sustainability.

Legacy

Although Agricore United ceased to exist as an independent entity following its acquisition by Viterra, its legacy continues in the form of Viterra's ongoing contributions to the Canadian and global agricultural sectors. The merger consolidated the strengths of both companies, creating a powerful and diversified agribusiness that continues to play a vital role in feeding a growing world.