Genesis Grain & Fertilizers Operating LP, (GG&F LP), together with Genesis Fertilizers (Genesis), Saskatoon, reported that it has signed a land lease agreement with Side Group Rail to grant Genesis Fertilizers a lease to establish a fertilizer distribution SuperCenter located in Rycroft, Alta. The proposed facility will be next to the Side Group Rail Rycroft Reload location.
Genesis has been working to create a farmer-owned fertilizer production and distribution network to support farmers across Western Canada. “This facility will serve as a major fertilizer distribution hub for Northern Alberta and Northeastern British Columbia,” said Jason Mann, Genesis CEO. “Expanding our distribution capacity in the Peace region demonstrates Genesis’ commitment to vertically integrate farming businesses, allowing investors to participate up the agri-business value chain to maximize farm profitability.”
With the construction of the Genesis SuperCenter at Belle Plaine, Sask., underway and a proposed farmer-owned 700,000 mt/y urea plant (GM June 11, p. 1), Genesis said it is focusing its efforts together with Axcess Capital to raise capital for the next phase. This phase will consist of doing the front-end engineering and design work for the urea plant, along with the construction of two SuperCenters, including one in the Peace River region.