St. Paul-CHS Inc., which obtained Agriliance LLC’s crop nutrient business Sept. 1, 2007, puts that unit’s sales at $1.9 billion for the year ending Aug. 31, 2007. It said about 6 percent of those sales were made to its own country operations business. It also says the unit represents about 9 percent of the U.S. fertilizer market. Primary suppliers to Agriliance were listed as CF Industries Holdings Inc., Potash Corp. of Saskatchewan Inc., The Mosaic Co., Koch Nitrogen Co., Yara International, and PIC. CF was the largest supplier to Agriliance during the past year, and CHS expects it to remain so in the future. CHS has provided more details on the repositioning of the crop nutrient and crop protection assets of Agriliance. It said at the closing of the distribution transaction Sept. 1, 2007, LOL owed CHS $133.5 million. LOL paid CHS $32.6 million in cash; in order to maintain equal capital accounts in Agriliance, it paid down certain portions of Agriliance’s debt on the behalf of CHS in the amount of $100.9 million. Values of the distributed assets were determined after the closing, and in October 2007 CHS made an estimated value true-up payment to LOL in the amount of $45.7 million, plus interest.
Transparency Across the Fertilizer Value-Chain