THURSDAY, MARCH 19, 2015
VOL. 93 | NO. 12 | $4.25
SERVING WESTERN CANADIAN FARM FAMILIES SINCE 1923
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Scoop on fertilizer pricing | P6 UP FOR SALE
Pulse firm looks to sell assets BY SEAN PRATT SASKATOON NEWSROOM
A major player in Western Canada’s pulse sector says it is open to selling some or all of its assets. Legumex Walker said its share value does not properly reflect the company’s inherent value, and it is time to explore alternatives, including strategic financing, mergers and sale of all or a portion of the company’s assets. “We have received inquiries from a number of qualified parties that are interested in exploring various transactions with us in certain of our markets, including the specialty food ingredient market, and we expect that this process will unlock this value and allow the company to fully capitalize on these opportunities,” Legumex chair Bruch Scherr said in a news release. Legumex operates 15 pulse and special crops processing facilities in Canada, the U.S. Midwest and China. SEE PULSE FIRM , PAGE 4
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GRAIN MOVEMENT
CN official ‘proud of grain hauling achievements’ while shippers say unfilled orders are rising BY BRIAN CROSS SASKATOON NEWSROOM
Canada’s largest railway says it continues to move grain at a record setting pace this year, despite complaints from grain shippers of inadequate service. Canadian National Railway also said it has consistently met or exceeded weekly grain movement targets set by the federal government. CN’s message differs considerably
from that of the Ag Transport Coalition, a group of Canadian grain shippers that claims to account for 90 percent of the grain that is moved by rail in Canada. The coalition said Canada’s major railways are failing to deliver 10 percent of the grain cars requested by shippers. Of those that are delivered, fewer than half are arriving in the scheduled week, coalition figures suggest.
“Contrary to recent claims made by the new Ag Transport Coalition that CN is somehow failing to meet demand, we know we’re responding very efficiently to all the demand from our customers,” CN said. “The facts are clear, when we compare our shipments with all valid car orders, our wait list stands at less than 2,000 orders, just a few days worth of car supply.” With railways and shipper groups offering two different versions of the
situation, Ottawa must assess the claims and determine where the truth lies. Debate over what constitutes adequate rail service has become more heated in recent months as a federally appointed panel reviewing the Canada Transportation Act prepares to file an interim report to government. SEE SHIPPERS, PAGE 4
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u|xhHEEJBy00001pzYv":# MARCH 19, 2015 Return undeliverable Canadian addresses to: Box 2500, Stn. Main, Saskatoon, SK. S7K 2C4 The Western Producer is published in Saskatoon by Western Producer Publications, which is owned by GVIC Communications Corp. Publisher: Shaun Jessome Publications Mail Agreement No. 40069240
Shippers, railways differ on service