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Agrimarketing : May 2008
Intrepid Potash, Inc. , Denver, CO, goes public with an offering of 30,000,000 shares at $32.00 per share under the symbol IPI. On its first day of trading, shares closed at $50. In 2003 the company acquired the potash assets of Mississippi Chemical Co. Channel Bio Corp. , a part of American Seeds, Inc. , a Monsanto holding compa- ny, names Jim Zimmer, CEO. He had been VP of Monsanto’s U.S. Branded Business. He replaces Aline Funk who has taken a position with The Alliance for a Green Revolution in Africa. Don Funk continues as Pres of Channel Bio. Tessenderlo Kerley Inc.’s (TKI) NovaSource crop protection unit adds Pete Barrows as Int’l Business Dir/Prod Mgr for Surround. He had been with BASF and FMC. Kurt Volker joins as Dir of Prod Development. He had been with Syngenta . These news positions are the result of TKI’s acquisitions of the Surround business from BASF and the Sinbar business from DuPont. Rodney Miller is named CEO of McCormick International USA, Inc. Prior to join- ing McCormick last year, Miller served as CEO of Montana Tractors. He has also been with Mahindra, Valtra and Long Agribusiness. Newsham Choice Genetics , W. Des Moines, IA, and Groupe Grimaud , based in France, enter a long-term strategic alliance. Under the terms of the agree- ment, Grimaud takes an important interest in Bucolica BV, the Netherlands-based company hold- ing a major interest in Newsham. The Newsham original ownership: Bucolica, the Mitchell family, and key Newsham employees remain in control. Syngenta will build a new biotech research & technology center in Beijing, China. Its focus will be on early-stage evaluation of GM and native traits for key crops such as corn and soy in the areas of yield improvement, drought resistance, disease control and biomass conver- sion for biofuels. The investment will be approxi- mately $65 million in the first five years. Earlier last month, Syngenta completed the share transaction with a leading Chinese seed corn company Sanbei Seed Co Ltd in Hebei province, in which it has taken a 49% stake. Last year, Syngenta entered into a five-year research collaboration with the Institute of Genetics and Developmental Biology in Beijing on the development of novel agro- nomic traits for key crops such as corn, soybean, wheat, sugar beet and sugar cane. Mike Jackson is named Pres/CEO of Adayana. He is the founder and head of Indianapolis-based ABG, Inc., which was acquired by Adayana in 2005 and succeeds Adayana founder Rajiv Tandon as CEO. Tandon remains Chmn of the Board and Head of Adayana Learning Services, an Adayana subsidiary based in India. Thomas Gahm joins ABG as Dir of Branding and Comms. He will also serve as Dir of Comms and Investor Relations for Adayana. He Jackson Gahm SEED BUYING DECISIONS What producers need to know before locking in seed this fall. TIMING: Sept. 08 - Jan. 09 IT’S ALL ABOUT DEMAND We help producers navigate today’s demand-driven markets. TIMING: Fourth Quarter 2008 Lead the way with America’s largest producers — we’ve got the right mix! MANAGING RISK We’re covering the aspects of managing risk during volatile times. TIMING: Fourth Quarter 2008 AG SUMMIT EVENT This live seminar will focus on topics such as risk management strategies, foreign markets, weather outlooks, tax advice and more. TIMING: Dec. 7 - 9, 2008 - Chicago, IL Zimmer Miller
May 2008 Supplement
Canadian Agribusiness Employer Guide 08