Plymouth, Minn.-Cargill Inc. and The Mosaic Co. on Dec. 9 extended the term of the Master Services Agreement between the parties dated Dec. 29, 2006, to Dec. 31, 2010. Under the agreement, Cargill, which owns 64.2 percent of Mosaic, has provided various services to Mosaic. These include accounting, accounts payable and receivable processing, certain financial reporting, human resources, information technology, risk management, licensing and tonnage reporting, office services, procurement, records, tax, travel services and expense reporting, treasury, and other administrative and functional related services. Mosaic paid Cargill approximately $11.3 million during the fiscal year ending May 31, 2009.
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