The business will continue to operate as Precision Ag, based in Griffin, and there will be no changes for its 23 employees or at its four locations in Griffin, Odessa, Carlyle and Carnduff. Precision Ag’s leadership team will stay in their current roles for the next three years to ensure a seamless transition of the business.
“As we thought about our most strategic succession plan, we quickly agreed that selling to Cargill was the best decision given our shared values and interest in providing quality crop input services to farmers throughout Western Canada,” said Jay Gerry, Precision Ag’s general manager.
“We’re excited for our employees and customers as they will continue to receive the very best this long-term partnership represents, as well as the world-class professional services and resources Cargill brings to the future of our business.”
The acquisition of Precision Ag expands Cargill’s network of grain and ag service businesses throughout Canada, including an integrated mix of crop inputs, grain marketing, and consulting services for greater access and customer service with area farmers.
“We look forward to carrying on Precision Ag’s legacy of outstanding service and building on the expertise and trust our long-term partnership represents,” said Blaine Duncan, Cargill regional commercial leader.
“As a global ag leader, we’re strategically positioned to advance Precision Ag’s business model in such dynamic market conditions. We’re honored the Precision Ag leadership team turned to Cargill to lead the next chapter of this business.”
Precision Ag is a crop inputs-focused business was founded in 1994 and has operated as a 50/50 joint venture with Cargill for 22 years. The business offers crop nutrition, crop protection and seed, which it sells to farms representing approximately 600,000 acres. It also sells micronutrients, inoculants, short-line equipment, feed and other services.