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Agrimarketing : November December 2006
will oversee U.K. dealer develop- ment and sales initiatives for prod- ucts produced by the Argo Group. He formerly served as a consultant to international farm machinery firms. Prior to that, he was a Sr. Dir of CNH Global N.V.'s (CNH) Case Corp. unit in Europe. The Mosaic Company announces that Fritz Corrigan, Pres/CEO, has decid- ed to retire effective January 1, 2007. Succeeding Corrigan will be James T. Prokopanko, Mosaic's Exec VP/ COO. Prior to joining Mosaic, Prokopanko served as Corp VP for Cargill and Platform Leader responsible for its U.S. AgHorizons, Canada AgHorizons and U.K. Frontier Agriculture busi- nesses, and he also headed Cargill's global corporate procurement organization. Chicago Mercantile Exchange Holdings Inc. and Chicago Board Of Trade Holdings, Inc. announce they have signed a definitive agree- ment to merge the two organizations to create the most extensive and diverse global derivatives exchange. The combined company, to be named CME Group Inc., a CME/ Chicago Board of Trade Company, is expected to transform global deriva- tives markets, creating operational and cost efficiencies for customers and exchange members, while deliv- ering significant benefits to share- holders. Corporate headquarters of the combined organization will remain in Chicago. Based on the closing stock prices of CME and CBOT on October 16, 2006, the last trading day prior to the announcement of the merger, the combined company is valued at $25 billion (CME equity $18 billion; CBOT equity $7 billion). The American Seed Trade Associ- ation's International Executive Committee (IEC) met recently to develop a strategy to address interna- tional issues that are seed industry priorities. During the two-day session, the IEC discussed the range of interna- tional issues facing the seed indus- try and identified those issues that are fundamental to effectively con- ducting business in other countries. These key issues are: • Enforcement of intellectual proper- ty rights and regulatory advocacy. • Phytosanitary issues and non-tariff trade barriers. • Adventitious presence. DuPont Crop Protection and Dow AgroSciences LLC announce the two companies have reached an agreement under which Dow AgroSciences will supply DuPont with acetochlor and acetochlor plus atrazine premix herbicides for pre- emergence use in corn. Financial terms of the agreement were not dis- closed. Pending regulatory approvals, DuPont Crop Protection will offer acetochlor products for field use in 2007 under the brand name DuPont Breakfree herbicide. David Dam is named Head of Sales for Golden Harvest. He was the head of the West Division Sales team before being named to his newly expanded posi- tion. He began his career with Golden Harvest 14 years ago serving in positions such as sales trainee, DSM, RSM, Gen'l Sls Mgr, and head of West Division Sales. A new global, scientific, agronomic organization called the International Plant Nutrition Institute (IPNI) has been established. The Board of Directors of the Potash & Phosphate Institute (PPI) has committed its scien- tific staff to the new organization. By the end of 2006, PPI will be fully inte- grated into IPNI. Thereafter, PPI will no longer exist. Dr. Terry L. Roberts of Norcross, GA, will serve as the first Pres. AM Farmers choose IFT. owa Farmer Today is the favorite publication of Iowa farmers.* ee your ads. The source that really covers their interests. hoose wisely. Join the successful companies that have made FT their direct line to the Iowa market. epresented nationally by Bock & Associates 1-800-284-6020 *Readex 2003,2005 Prokopanko Dam