FARM BUSINESS NEWS
Mon Dec 9, 2013 09:20 AM CST

(Dow Jones) -- Mosaic Co. agreed to purchase all of the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust's restricted Class A shares in the fertilizer company.

"This agreement demonstrates our confidence in the future and effectively puts the Cargill split-off transaction behind us," said Jim Prokopanko, Mosaic's chief executive. "This is a major step toward our goal of a more efficient balance sheet by mid-2014."

In 2011, privately held agribusiness giant Cargill Inc. said it would give up its majority stake in Mosaic in a transaction valued at about $24.3 billion. The deal was largely driven by ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
DTN Retail Fertilizer Trends
Call for Order
Subtle Changes Following West Explosion
Nitrogen Plant Shut Down in Alberta
Chemical Board Plans Meeting in West
Blast Victims' Families Seek Closure
DTN Retail Fertilizer Trends
Uralkali 2013 Profit Slumps
DTN Retail Fertilizer Trends
Potash Corp Names New CEO