Saskatoon — Farmers of North America Fertilizer LP said Feb. 28 that it has designated the corporate consulting and accounting firm MNP LLP to study and assist in the design of the sales and distribution structure for the ProjectN nitrogen fertilizer plant. MNP LLP has an active presence in agriculture with many farm clients, as well as being a major player in corporate research and business systems design. MNP LLP will also assist in the development of the supply agreements that will be provided to farmer-owners of the plant. Previously, BMO Capital Markets was appointed as the capital development and business advisor, while Stantec Inc. was appointed as the lead for financial modeling, engineering, and creation of the Bankable Feasibility Study. Bob Friesen, FNA FLP spokesperson, called the MNP engagement a reaffirmation of the confidence farmers can have in the process of building a fertilizer facility. "At every turn we have been able to bring the best talent in the world to this project," Friesen said. "We are well along the project plan, exercising care, but moving at pace, so we not only get the plant built, but we get it built with the best minds, best designs, and best economics for all business partners." ProjectN is currently offering a Series 2 Seed Capital program that will provide an additional opportunity for farmers not yet part of the FNA membership to participate in FNA FLP and allow ProjectN to maximize plant capacity and create greater potential for returns to farmers. FNA is a farmers’ business alliance with the mission of "Improving Farm Profitability."
Transparency Across the Fertilizer Value-Chain