2010-2011 Agrium Fertiliser Industry Fact Book

Agriums Fertilizer Industry
2010-2011 Fact Book
STRENGTH THROUGH GROWTH AND DIVERSITY
Agrium
2010-2011 Agrium Fact Book
Agrium
Table of Contents
Agrium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Agrium Timeline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 History . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Production Facilities and Annual Production Capacities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 North America . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Agrium Retail: Best in Class . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Agrium Retail Products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Crop Production Services (CPS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Agrium Retail Locations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Industry Participants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Agrium Wholesale: Leading Global Supplier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Agrium Products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Production Facilities and Annual Production Capacities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Agrium Wholesale Owned Distribution Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Agrium Wholesale Production and Distribution Locations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 North America Industry Participants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Agrium Advanced Technologies: Embracing the Future . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Annual Production Capacities by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 ESN Features, Advantages and Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Product Innovation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Agrium Advanced Technologies Production and Distribution Locations . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Industry Participants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Agricultural Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Crops: Area, Production and Stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Corn Supply and Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Fertilizer Application Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Nutrient Uptake and Removal by Field Crops . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Planted Area and Production by Crop . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Fertilizer Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Nutrient Uptake and Removal by Field Crops . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Total Consumption of Fertilizers and Plant Nutrients. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Fertilizer Consumption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Historical Fertilizer and Gas Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 South America . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 South America Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Agrium South America Retail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Agroservicios Pampeanos . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Agrium South America Retail Locations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 Agrium South America Wholesale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Production Capacity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Agrium Owned Distribution Facilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Agrium South America Wholesale Production and Distribution Locations . . . . . . . . . . . . . . . . . . . . . . . . . 52 South America Industry Participants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 Agricultural Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 Crop Production - Argentina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 Crop Production - Brazil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 Fertilizer Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Fertilizer Consumption in Brazil, Argentina and Chile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 European Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 Agrium Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 Europe Industry Participants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Agricultural Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 Crop Production - Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 Fertilizer Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 Fertilizer Consumption in Europe - Top Five . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
Agrium
Table of Contents
Asia and Parts of the Pacific Rim . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 Asia and Parts of the Pacific Rim Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Agrium China Office and Hanfeng Production Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 AWB Acquisition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 AWB Locations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 Asia and Pacific Rim Industry Participants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 Agricultural Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 Crop Production - Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 Crop Production - Australia and New Zealand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 Fertilizer Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71 Fertilizer Consumption in Asia and Parts of the Pacific Rim - Top Five . . . . . . . . . . . . . . . . . . . . . . . . . . . 71 Fertilizer Consumption in Parts of the Pacific Rim. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 Agricultural Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 Australia Crops: Supply and Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 Australia Application Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74 Africa and the Middle East . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 Africa and Middle Eastern Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 Damietta (MOPCO) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 Africa and the Middle East Industry Participants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 Agricultural Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 Crop Production - Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79 Crop Production - Middle East (West Asia). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79 Fertilizer Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 Fertilizer Consumption in Africa and the Middle East - Top Five . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 Global . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81 Agrium Going Global . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82 Agricultural Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83 Total Grains Supply/Demand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83 Crop Cycles: Growing Seasons for Key Global Regions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 Fertilizer Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 Fertilizer Consumption by Region . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 Fertilizer Consumption by Country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86 Fertilizer Production by Region . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 Global Fertilizer Capacity by Country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 Global Nutrient Trade Data: Imports and Exports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89 Global NPK Consumption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93 Growth in World Fertilizer Consumption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93 Fertilizer Supply/Demand Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94 International Fertilizer Prices - Historical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96 Global Population vs. Global Fertilizer Consumption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 United States Ethanol/Biodiesel Facts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 Constants and Conversions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 Fertilizer Production Processes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 Raw Material Requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102 Fertilizer Minerals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 Product Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 General Conversion Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 Energy Conversion Factors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .107 Other Constants and Conversions Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108 Calorific Values . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108 Nutrient Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108 Crop Weight Conversions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109 IFA Regional Classification 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110
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Agrium
Agrium
History & Overview

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Agrium 2010-2011 Agrium Fact Book
Profile
(all figures in US$, except where noted)
Agrium is a major retail supplier of agricultural products and services in North and South America and a leading global producer and marketer of agricultural nutrients and industrial products. We produce and market three primary groups of nutrients: nitrogen, phosphate and potash as well as controlled-release fertilizers and micronutrients. A key differentiator of Agrium is that we are the only publicly traded company that crosses the entire agricultural value chain. This means that our focus on growth begins in our manufacturing facilities and extends to the fields where our customers use our products. Sales from our diverse portfolio of products and services generated $9.1-billion in revenues in 2009. Agrium has 158 million shares outstanding and a market capitalization of over $11-billion (as of September 1, 2010). Agrium employs over 10,000 people globally who are dedicated to the ongoing transformation of the Company to achieve our vision of being one of the worlds leading providers of inputs for plant growth by creating value for each of our stakeholders.
Agriums Mission
Providing ingredients for growth.
Agrium divides the Company into three strategic business units: Our agricultural Retail division is the largest direct-to-grower agricultural retail operation in the Americas, and generated $6.2-billion in net sales in 2009, primarily from seed, crop protection and crop nutrient products. We have raised the scale and size of our North American and South American retail operations by adding retail centers in Texas and New Mexico in late 2009, Western Canada throughout 2009 and 2010 and Argentina in July 2010. As of December 2010, Agrium has a total of 944 retail locations in North America and South America. Our Wholesale division manufactures, markets and distributes over eight million tonnes of nitrogen, potash, phosphates, and other products annually. We service our customers through a network of close to 100 distribution warehouses, supplied by 14 major production facilities in addition to a number of smaller processing and specialty facilities. Our strengths include a low cost in-market position, the ability to leverage distribution, focus on continued incremental expansion at key facilities and growth in new product sales and product offerings. Agrium Advanced Technologies (AAT) offers premium environmentally beneficial controlled-release fertilizer and related products to the agriculture industry as well as professional turf, horticulture and consumer lawn and garden markets. AAT has a strong focus on product innovation. Internal research is conducted at two research facilities; one in the United States and the other in Canada. Agronomic research is conducted externally at agricultural institutions across North America.
Agriums Vision
Be one of the worlds leading providers of inputs for plant growth by creating value for each of our stakeholders.
Agrium Timeline 1931-1989

1931 Cominco Fertilizers Ltd. enters the fertilizer business. 1965 Homestead (Nebraska) Nitrogen Operations begins production. 1968 Borger (Texas) Nitrogen Operations begins production. 1969 Vanscoy (Saskatchewan) Potash Operations begins production. 1977 Carseland (Alberta) Nitrogen Operations begins production. 1987 Joffre (Alberta) Nitrogen Operations begins production.
Agrium
History
Agrium was formed to facilitate the reorganization of the fertilizer division of Cominco Ltd. and the acquisition of the fertilizer assets of Alberta Energy Company in 1993. Agriums shares were first publicly traded on the New York Stock Exchange on October 4th, 1996. Agrium established its Retail division through the acquisitions of Crop Production Services (CPS) in September 1994 and Western Farm Service (WFS) in January 1995. Also in 1995, Agrium established an international presence in Argentina under the trade name Agroservicios Pampeanos S.A. (ASP). In 2006, Agrium continued to build its Retail franchise through the acquisition of Royster-Clarks retail operations. Retail expansion continued in 2007 with the acquisition of ADMs 18 retail centers and 14 satellites in Kansas and Oklahoma. In 2008, Agrium completed the acquisition of United Agri Products (UAP), the Companys largest acquisition to date. This was a transforming transaction for Agrium, as the acquisition further expanded our retail presence in the United States, improved our earnings diversification by increasing the profit contribution from our Retail business unit and diversified Agriums product mix by increasing our weight in chemicals. Upon completion of the acquisition of UAP, Agriums retail branches in the United States increased from 489 locations to 826. Agrium continued its Retail division growth with the establishment of 65 retail outlets in Western Canada through a number of transactions in 2009 and 2010, and the acquisition of 24 retail outlets in Argentina in July 2010. The growth of Agriums Wholesale business was initiated with the acquisition of Nu-West Industries, a phosphate producer in Idaho in 1995. Agrium subsequently merged with Viridian in December 1996, substantially increasing the size of the company. In 1997, Agrium announced the development of the phosphate rock reserve at Kapuskasing, Ontario to obtain a domestic rock supply for the Redwater facility. Production at the mine began in July 1999. In 1998, Agrium also acquired a phosphate rock mine located close to our Conda facility in Idaho to establish security of supply. Agrium acquired UNOCALs (Union Oil of California) agricultural products division in September of 2000. In 2000, Agrium expanded into the Argentina market with a 50 percent ownership in Profertil S.A. with production in Bahia Blanca, Argentina. In 2005, Agrium acquired the Western Canadian fertilizer distribution assets from Imperial Oil.
Agrium Timeline 1990-2000

1993 Cominco Fertilizers Ltd. enters the public market. 1994 Crop Production Services (CPS) acquired. 1995 Nu-West Industries Inc. and Western Farm Service (WFS) acquired. Cominco Fertilizers Ltd. changes its name to Agrium Inc. Agrium establishes its international presence under the trade name Agroservicios Pampeanos (ASP). 1996 Agrium is publicly traded on the New York Stock Exchange. Viridian Inc. acquired. Redwater (Alberta) Fertilizer Operations (commenced operations 1968) and Fort Saskatchewan (Alberta) Nitrogen Operations (commenced operations 1983). 1998 Rasmussen Ridge (Idaho) Phosphate Mine acquired. 1999 Kapuskasing (Ontario) Phosphate Mine begins production. 2000 UNOCAL agricultural products division acquired. Profertil S.A. begins production in Bahia Blanca, Argentina.
Agrium
History
In 2008, Agrium acquired a 70 percent equity position in Common Market Fertilizers S.A. (CMF), one of Western Europes largest fertilizer distribution companies; in April 2010 the remaining 30 percent was also acquired and CMF became Agrium Europe. In 2008, Agrium entered into an agreement with MISR Oil Processing Company, S.A.E. (MOPCO) of Egypt, whereby MOPCO acquired the previous EAgrium project, and EAgrium shareholders obtained an equity interest in the combined entity. Agrium owns a 26 percent interest in the combined entity, which includes a 675,000 tonne urea MOPCO facility. In late 2009, MOPCO secured financing for tripling the production of the existing nitrogen facility. Agriums Advanced Technologies business unit was established with the acquisition of Nu-Gros fertilizer technology and professional businesses and Pursell Technologies in 2006. In 2007, Agrium acquired a 19.5 percent equity interest in Hanfeng Evergreen, a Chinese specialty fertilizer company. With this addition, Agrium reaffirmed its leading position to provide environmentally friendly, controlledrelease crop input products to a broad range of customers and segments. Further expansion occurred in 2008 with the acquisition of the Agronomics Division of Turf Care Products Canada Limited. In 2010, AAT completed their construction of ESN coating fertilizer facility located in New Madrid, Missouri. Today, Agrium is a major retailer, a leading wholesale producer, and an innovator through our Advanced Technologies business unit fully diversifying ourselves across the value chain. As we enter 2011, Agrium will continue to focus on achieving our mission and vision by continuing to execute against our strategic goals of investing through the value chain, establishing and maintaining the lowest cost to serve wholesale position, diversifying geographically, and investing counter-cyclically.
Agrium Timeline 2001-present

2004 Astaris Production LLC assets (Nu-Wests Conda, ID phosphate operation) acquired. 2005 Western Canadian fertilizer distribution assets from Imperial Oil acquired. 18 retail outlets in Argentina and Chile from United Agri Products acquired. 2006 Royster-Clark acquired. Nu-Gro fertilizer technology and professional products businesses acquired. Pursell Technologies acquired. 2007 19.5 percent equity stake in Hanfeng Evergreen acquired. ADMs 18 retail centers and 14 satellites in Kansas and Oklahoma acquired. 2008 United Agri Products (UAP), acquired. 70 percent equity position in Common Market Fertilizers S.A. (CMF) acquired. Agrium opened an office in Beijing, China. Agronomics Division of Turf Care Products Canada Limited acquired. 2009 Agrium Retail consolidates all United States operations under the name Crop Production Services (CPS). Agrium Retail expands operations into Canada under the name Crop Production Services (CPS) Canada. 26 percent shareholding, in MOPCO (Egypt) obtained. 2010 Additional 30 percent equity position in Common Market Fertilizers S.A. (CMF) acquired; name changed to Agrium Europe. ASP acquires 24 additional retail outlets in Argentina. Agrium acquires AWB Limited and enters the AsiaPacific Market.
Agrium
Production Facilities and Annual Production Capacities Production Capacity

(product tonnes per year)
Production Capacity
Nitrogen Based Fertilizers Argentina

Bahia Blanca (Profertil S.A.) Ammonia (gross) Ammonia (net) Urea
(1)
Nitrogen Based Fertilizers Egypt

375,000 35,000 600,000 Ammonia (gross) Ammonia (net) (4)(5) Urea 101,000 20,500 175,000
Canada
Redwater, Alberta Ammonia #1 Ammonia #2 Ammonia Total (gross) Ammonia Total (net) Urea(2) (2) Ammonium Nitrate Ammonium Sulphate Nitrogen Solutions Carseland, Alberta Ammonia (gross) Ammonia (net) Urea Joffre, Alberta Ammonia (net) Fort Saskatchewan, Alberta Ammonia (gross) Ammonia (net) Urea 280,000 680,000 960,000 250,000 720,000 215,000 350,000 180,000 535,000 135,000 680,000 480,000 465,000 170,000 430,000
United States
Borger, Texas Ammonia (gross) Ammonia (net) Urea 490,000 430,000 99,000
Upgrade Facilities(3)
Kennewick, Washington Nitrogen Solutions (material) West Sacramento, California Nitrogen Solutions (material) North Bend, Ohio Nitric Acid, Nitrogen Solutions (material) 430,000 204,000 110,000
Agriums World Capacity

(Standard and Granum) Nitrogen Solutions (material) 120,000
Ammonia (gross) (5) Ammonia (net) (5) Urea Ammonium Nitrate Ammonium Sulphate Solutions/Other MAP Potash
(5)
3,406,000 1,520,500 2,704,000 215,000 350,000 1,209,000 960,000 2,050,000
(1)
Profertil S.A. is 50 percent owned by Agrium Inc. and 50 percent owned by Repsol YPF, S.A. The stated capacity numbers represent Agriums 50 percent ownership. (2) Includes product used to produce nitrogen solutions. (3) Upgrade Facilities use ammonia and urea from other sources. They do not purchase natural gas to produce their own ammonia and urea. (4) Projected urea capacity will be 525,000 by mid 2012, based on 26 percent ownership position in MOPCO. (5) Only includes the 50 percent of Profertils capacity and 26 percent of MOPCO that are owned by Agrium Inc. Note: Figures exclude idle capacity.
Agrium

Production Capacity
Phosphate Based Fertilizers Canada

Redwater, Alberta Mono-Ammonium Phosphate 660,000 P2O5 Equivalent 345,000 Kapuskasing, Ontario Average Concentrated Rock is 35% P2O5 Concentrated Rock Mined Annually 0.91 Million Tonnes
Rainbow Plant Capacities(2) United States

Florence, Alabama Americus, Georgia Hartsville, South Carolina Total Rainbow 76,600 110,000 78,400 265,000
United States
Soda Springs (Conda), Idaho Mono-Ammonium Phosphate 300,000 Phosphates P2O5 Equivalent 345,000 Dry Valley, Idaho Average Concentrated Rock is 31% P2O5 Ore Mined Annually 2.0 Million Tonnes Concentrated Rock Produced Annually 1.3 Million Tonnes (1) Other Product Capacity 165,000 Total Canada and United States (P2O5) 720,000
Agriums Approximate Share of 2009/10 North America Production Capacity

(3)
Ammonia (gross) Urea Phosphate Potash
20.7% 24.8% 6.9% 5.8%
Agriums Approximate Share of 2009/10 Global Production Capacity

(4)
Potash Based Fertilizers Canada

Vanscoy, Saskatchewan Potash KCl (MOP) 2,050,000
Ammonia (gross) Urea Phosphate Potash
1.9% 1.6% 1.5% 2.4%
(1) (2) (3) (4)
Conda also produces other phosphate products such as merchant grade acid and super phosphoric acid. Includes over 30 different ammoniated grades of fertilizer. North America refers to Canada and the United States, and Agriums approximate share estimate is based on the International Fertilizer Development Centers (IFDC) June 2010 Canada and United States production capacity figures. Urea capacity includes urea solution capacity. Based on Worldwide Ammonia Capacity, Listing by Plant, June 2010. IFDC Worldwide Phosphoric Acid Capacity, Listing by Plant, June 2010. IFDC Worldwide Potash Capacity, Listing by Plant, June 2010. IFDC Worldwide Urea Capacity, Listing by Plant, June 2010. Agrium 2010-2011 Agrium Fact Book
North America
7
Agrium Retail: Best in Class

Our Retail division is the largest direct-to-grower agricultural retail operation in North America and generated over $6.2-billion in net sales in FY2009, primarily from seed, crop protection and fertilizer products. Agrium operates a network of 826 retail centers in the United States. Agriums Retail operations offer farmers a complete range of seed, liquid and dry fertilizer products, along with primary crop protection services including herbicides, insecticides, fungicides and various related services.
Agrium Retail Products

(for fiscal year 2009)
2009 Net Sales
Crop Nutrients

Net sales of over $2.5-billion. Gross profit of $212-million. Purchasing advantages from our economies of scale. Our integrated fertilizer services provide customers with expert advice and application services.
Crop Protection Products

Net sales of $2.6-billion. Gross profit of $648-million. Purchasing advantages from our economies of scale.
Seed and Other Services

Seed and Other Services net sales totalled $1.0-billion. Gross profit of $322-million. Seed and Other Services sales increased by 47 percent from previous year. Rapidly growing seed and private label seed businesses. Full service customer appreciation.
Crop Production Services (CPS)

(November, 2010)
(1)
Farm Centers/Branches Satellites Terminals Distribution Centers Plants Total
United States 578 199 36 10 3 826
Canada 58 7 65
In FY2009, Agriums Retail operations in the United States, Crop Production Services (CPS), generated net sales over $6.2 billion in 2009. In May 2008, Agrium completed the acquisition of United Agri Products (UAP); increasing Agriums retail presence in the United States to 826 total locations. The acquisition of UAP expands Agrium Retails reach into new markets in the United States and repositions Retails product mix allowing us to more efficiently and effectively serve our customers. Agriums Retail branches are staffed with trained, professional employees committed to providing their growers with sound agronomic advice, seed that is selected from the best germ plasm pools in the world, and other crop inputs. Over the past two years Agrium has established and grown a presence in the Canadian retail market. CPS Canada is Retails 46th division with 65 locations principally in Alberta and Saskatchewan.
(1) Please note a listing of Agriums South American Retail assets is on page 49.
Agrium

(November, 2010)
a Alabama
(12 locations)
c California
continued
d Delaware
(4 locations)
h Hawaii
(4 locations)
Ashford Atmore Auburn Dothan Headland* Kinston Madison Robertsdale Selma Selma Fertilizer* Slocomb* Summerdale*
Arizona
(5 locations)
Chandler Coolidge Poston Tucson Yuma
Arkansas
(25 locations)
Almyra* Altheimer Barton* Blytheville Blytheville* (2 locations) Clarendon Crawfordsville Des Arc* Gillette* Grady Hazen* (3 locations) Lepanto Marianna McGehee* Monette* Monticello Paragould* Portland Stuttgart* (2 locations) Winchester* Wynne
Delano Dos Palos* Fillmore* Firebaugh (2 locations) Five Points Fresno Goleta Greenfield Hanford Hollister Huron* Imperial Lemoore Madera Merced Mettler Modesto (2 locations) Newman* Oxnard Oxnard* Pixley* Paso Robles Riverside Sacramento Salinas San Jacinto* San Marcos Santa Ana Santa Maria* Santa Maria (2 locations) Sebastopol Stockton* Tipton (Pixely)* Ukiah Vernalis Visalia Walnut Grove (2 locations) Watsonville (2 locations) Yuba City
Milford Seaford Seaford DC Smyrna*
Hilo Kahului Lihue Pearl City
f Florida
(11 locations)
i Idaho
(17 locations)
Boynton Beach* Ft Pierce Hastings Homestead Immokalee Jay LeHigh Acres Mulberry Parrish Wauchula Waverly
g Georgia
(20 locations)
Colorado
(3 locations)
Fort Morgan Greeley Greeley P
Americus Arlington Colquitt Doerun Donalsonville Ft. Valley* Fort Valley Greensboro Jesup Leesburg** Meigs Millen Moultrie Moultrie* Oglethorpe* Swainsboro Swainsboro* Swainsboro** Sylvester Vienna*
Bancroft Blackfoot Bruneau* Buhl Burley Caldwell Caldwell Glenns Ferry Hansen Idaho Falls Kimberly Parma Paul Terminal** Pleasant Valley Roberts Rupert Terminal** Wendell
Illinois
(67 locations)
c California
(47 locations)
Connecticut
(1 location)
Broad Brook
Bakersfield (2 locations) Button Willow* Coachella Cutler*

* ** DC P Satellites Terminals Distribution Center Plants
Alexis* Amboy Atlanta DC Baileyville Beldon Biggsville (Stronghurst) Blandinsville Browns Buffalo Prairie* Camp Point* Carlyle Catlin Cissna Park Clay City Columbus* Danville Dixon Douglas* Dwight Edgewood Fairbury Ferris Flora Greenfield
Agrium

(November, 2010)
i Illinois
continued
i Indiana
continued
i Iowa
continued
k Kansas
continued
Greenview Harvel* Hoopeston Iuka Jacksonville Keithsburg* Lanark Louisville* Marissa Melvin Metcalf Morrisonville Mt Carmel* Mt Erie Mt. Sterling Neoga New Baden New Boston Niota** Nokomis Oakland Olive Branch* Onarga Oneida Paris Paxton Pontiac Quincy Quincy** Raleigh Warehouse Richmond Ruma* Saunemin Sciota* Shabbona* Shawneetown Sheldon Sidney Steeleville Steward Strawn Viola Walsh* Wenona White Hall
Brimfield Brookville Chalmers Charlottesville Clarks Hill College Corner Dana Decker Delphi Deputy* Fairmount* Fairmount Franklin Fulton Greensburg Hatfield Homer Jasper Lafayette Lebanon (2 locations) Liberty** Monon** Mooresville Oaktown* Odon* Otwell Patoka Peru Poseyville Princeton Roachdale** Rushville Scottsburg Selma* Shelburn Straughn Switz City Terre Haute DC W. Lebanon Warren Washington Wheatland* Williamaburg
Creston Danbury Dyersville Earlville* Edgewood Garnavillo Gibson Hancock Holy Cross* Hopkinton Hutchins** Ida Grove Independence* Irvington Keswick Lowden* Luverne Manchester* Mediapolis Mingo Monticello Nevada* North English* Odebolt Ogden* Oskaloosa Preston Reinbeck Sac City* Union* Wall Lake Whiting Winthrop Worthington Wyoming
Goodland (2 locations) Goodland (East)* Grainfield* Hill City Hoxie Hunter Jetmore Kinsley Leoti Little River* Lyons* Mahaska Montezuma* Morganville* Oakley Oberlin Plains Pratt* Republic Scott City Scott City** Smith Center Sublette* Wakeeney Waterville
Kentucky
(37 locations)
k Kansas
(41 locations)
Iowa
(42 locations)
Indiana
(49 locations)
Amboy Arcadia Attica Boonville Boston*

* ** DC P Satellites Terminals Distribution Center Plants Agrium
Atalissa Battle Creek Boone Brayton* Breda Coin* Corning
Beloit Belpre Burrton* Cimarron Clay Center Collyer* Copeland (2 locations) Courtland* Galva* Garden City DC Garden City Gaylord* Goddard
Aldenville Cadiz Calhoun Campbellsville Clarkson Clay Cynthiana Elkton Erkon Fancy Farm Felty Franklin Glendale Hardin Henderson Hodgenville Horse Cave Lebanon Lexington Madisonville Mayfield Morganfield Murray** Ownesboro (2 locations) Pembroke
10

(November, 2010)
k Kentucky
continued
m Massachusetts
(2 location)
m Minnesota
continued
m Montana
(8 locations)
Poole Russellville (2 locations) Sacramento Schochoh Sedalia Shelbyville Slaughters* Upton Utica Waverly
Sterling South Deerfield
Slayton Wadena Withrop
Michigan
(27 locations)
Mississippi
(21 locations)
l Louisiana
(19 locations)
Bonita* Boyce Bunkie* Delhi Elton Jonesville* Lake Providence Loreauville* Mer Rouge New Roads New Roads* (2 locations) Opelousas* Tallulah Thibodaux Vick* Ville Platte* Whiteville* Wisner
Ann Arbor* Bear Lake Benton Harbor Blissfield* Blissfield** Blissfield Breckenridge Brown City Henderson Linwood Melvin Mendon Morenci Munger Nottawa Owendale Pinconning* Saginaw Terminal** Saline Sandusky Sparta St Johns Sunfield** DC Sunfield Ubly Woodbury
Anquilla* Batesville Benoit* Benton* Bolton* Boyle Clarksdale Greenville P Greenwood Grenada* Hollandale* Holly Bluff Holly Springs* Houston Indianola* Leland Macon* New Albany* Rolling Fork Rolling Fork** Tunica
Belgrade Billings Billings P Chinook Fairview Gildford* Glasgow Great Falls
n Nebraska
(12 locations)
Ashland* Beatrice Beemer Bridgeport Chester Imperial Johnson Kearney Laurel McCook South Sioux City Thurston
Nevada
(2 locations)
Missouri
(22 locations)
Henderson Reno
Minnesota
(22 locations)
m Maine
(2 locations)
Lewiston Mapleton
Maryland
(8 locations)
Boonsboro* Centreville Denton East New Market Girdletree DC Massey* Pocomoke City Worton
Ada Big Lake Crookston Dassel East Chain (Fairmont) Hallock Hallock* Harmony Kerkhoven Lakefield Mansfield (Alden) Middle River* Mora Perham Pipestone Plainview Red Lake Falls Sargeant Sauk Centre
Bowling Green Bowling Green Cardwell* Cardwell Caruthersville** Clarence Cooter Essex* Harrisonville Hornersville* LaPlata Malden* Marston** Palmyra Paris Perry Portageville Saint Louis* Senath Sikeston Westboro White Oak*
New Jersey
(2 locations)
Jutland Malaga
New Mexico
(8 locations)
Artesia* Artesia (2 locations) Del City Hatch* Vado Vado* Socorro
New York
(10 locations)
Amenia Avon Cohocton Fancher Florida
* ** DC P
Satellites Terminals Distribution Center Plants
11
Agrium

(November, 2010)
n New York
continued
n North Carolina
continued
0 Ohio
continued
s South Carolina
(11 locations)
Milton Mt. Morris* Nelliston* Oswego** Sodus
Washington Wilson** Wilson Yadkinville
North Carolina
(49 locations)
North Dakota
(18 locations)
Albermarle (Millingport) Albertson Bailey Belgrade Belhaven Brown Summitt Bunn Clinton* Clinton Conway Creswell Dunn* Elizabeth City Enfield Erwin Fairfield Fairmont* Faro/Fremont* Four Oaks Greenville Hendersonville Hertford* Jefferson Laurinburg Lumberton* Lumberton Monroe (2 locations) Nashville Norwood* Norwood Pantego* Princeton Red Springs* Rocky Mount Salemburg Sanford Shawboro Shelby Snow Hill* Snow Hill Statesville (Harmony) Sophia Tarboro DC Trenton Vanceboro*
* ** DC P Satellites Terminals Distribution Center Plants Agrium
Bismarck Bowman Dickinson Drayton Grace City Grafton Grand Forks Grand Forks DC Hatton Hillsboro Jamestown Jamestown* Langdon Mapleton Minot Valley City* Wahpeton Williston
Milford Center* Mount Sterling DC Mowrystown Mt. Sterling** Ottawa Ottawa** Ottoville* Polk Sabina Sullivan* Thurston Urbana* Washington C.H.** West Jefferson
Aynor Bishopville Cope* Darlington DC Hemingway Kingstree* Lake City Orangeburg Orangeburg** Starr Vance*
South Dakota
(3 locations)
Oklahoma
(8 locations)
Spearfish Northville Watertown
Altus** Altus Clinton Guymon* Hooker Tyrone* Webbers Falls Yukon*
t Tennessee
(18 locations)
o Ohio
(37 locations)
Oregon
(12 locations)
Ansonia Attica** Bainbridge Bellevue* Botkins Bradford Delphos Dunkirk Eaton Eaton* Edison Findlay Frankfort Greenville** Greenville Hamler Holgate* Jeffersonville Kirkwood Kirkwood** Leipsic Lockborne Midland
Athena Baker City* Carlton* Gresham Hillsboro Hopmere LaGrande North Powder* Rickreall Salem Sheridan (Ballston/ Rickreall)* Umatilla*
Bells Brownsville Brownsville* Clarksville Covington* Covington Ethridge Friendship* Huntingdon Manchester Milan Palmersville* Portland Puryear* Springfield* Union City DC Union City** Wynnburg
p Pennsylvania
(6 locations)
Texas
(64 locations)
Belleville* Biglerville Bloomsburg Chamersburg* Holtwood Tyrone
Ballinger* Big Spring Blessing * (2 locations) Brownfield Caldwell (2 locations) Cotton Center De Leon* Denver City Dodson Dumas
12

(November, 2010)
t Texas
continued
t Texas
continued
v Virginia
(18 locations)
w Washington
continued
Edinburg* Edna El Campo Floydada Gatesville* Harlingen* (2 locations) Hearne* Hereford* Hereford Hewitt** Hillsboro Holland Houston Knott Knox City Knox City* Lamea* Lamesa Lampasas Lockhart McGregor Moody New Braunfels Palmer Paris Pittsburg Plains Plainview Pleasanton* Premont* Robstown*
Roscoe Rosebud San Antonio* Santa Rosa Schwertner Seagraves (2 locations) Seminole Slaton* Slaton Stamford Taft* Taft Taylor* Taylor (2 locations) Victoria** Waco** West Wharton
Abingdon Chase City Colonial Heights Crystal Hill Eastville* Haynesville Heathsville* Hopewell Ivor Melfa Milford* Mt. Holly* Prince George** Red House Sealston South Hill St. Stephens Church Winchester Wylliesburg
Mansfield* Moses Lake Othello Pasco (2 locations) Plymouth Prescott* Plymouth** Plymouth Pomeroy Quincy Reardan Rosalia St. John Toppenish Waitsburg* Walla Walla Waterville
u Utah
(1 location)
Wisconsin
(6 locations)
w Washington
(24 locations)
Tremonton*
v Vermont
(1 location)
Addison
Almira* Auburn Connell Coulee City Davenport Endicott Harrington
DeForest Galesville Janesville Plainsfield* (2 locations) Plainfield
* ** DC P
Satellites Terminals Distribution Center Plants
13
Agrium
Crop Production Services (CPS) Canada(1)

(November, 2010)
a Alberta
(29 locations)
a Alberta
continued
o Ontario
(2 location)
s Saskatchewan
continued
Bentley Bow Island Calgary DC Camrose Carseland Castor Claresholm Coaldale Crossfield Czar Daysland Delburne Didsbury Foremost High River Lacombe Lethbridge Magrath Nanton Penhold Picture Butte Ponoka Rimbey Stettler
Taber Torrington Viking Warner Wetaskawin
Cambridge DC Dorchester DC
q Quebec
(1 location)
b British Columbia
(1 location) Langley DC
Coteau du Lac DC
s Saskatchewan
(28 locations)
m Manitoba
(4 locations)
Oak Bluff DC Roblin Russel Swan River
Balcarres Biggar Bredenbury Canora Cupar Glaslyn Kamsack Kinistino Kipling Langham Leask
Lumsden Lloydminster Melville Moose Jaw Moosomin North Battleford Osler Prince Albert Regina Regina DC Rhein Rocanville Saskatoon Shellbrook Spiritwood Wakaw Yorkton
* ** DC P (1)
Satellites Terminals Distribution Center Plants All DC locations are former legacy UAP locations. Agrium 2010-2011 Agrium Fact Book
14
Agrium Retail Locations
Crop Production Services (CPS) Crop Production Services (CPS) Canada
15
Agrium
Industry Participants United States Retail Companies - Top 15

(by Total Sales)
Rank Company
# Retail outlets
Type
HQ State
% # % Crop % % States Fertilizer Protection Seed Custom Served Sales Sales Sales App.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Agrium Retail Helena Chemical Wilbus-Ellis Simplot Retail Growmark South States Coop. Jimmy Sanders MFA Tenn. Farmers Coop. Harvest Land Coop Co-Alliance S.D. Wheat Growers Central Valley Ag Aurora Cooperative Cargill
826 311 136 109 300 222 40 135 159 60 30 36 43 24 15
Dealership Dealership Dealership Dealership Cooperative Cooperative Dealership Cooperative Cooperative Cooperative Cooperative Cooperative Cooperative Cooperative Dealership
CO TN CA ID IL VA MS MO TN IN IN SD NE NE MN
45 48 18 18 17 9 4 4 6 2 3 2 1 2 5
48% 38% 48% 48% 40% 63% 40% 59% 59% 50% 68% 53% 40% 45% 64%
35% 42% 42% 34% 33% 18% 33% 19% 19% 34% 16% 24% 40% 35% 18%
14% 17% 4% 12% 20% 15% 26% 18% 18% 15% 12% 17% 15% 14% 9%
3% 3% 6% 6% 7% 4% 1% 4% 4% 1% 4% 6% 5% 6% 9%
Source:
CROP LIFE Magazines Annual Top 100 Retailers in the United States, December 2009.
16
Agrium
Agrium Wholesale: Leading Global Supplier

Our Wholesale division is one of the worlds largest fertilizer distributors, marketing approximately eight million tonnes of nitrogen, phosphate, potash and secondary nutrients annually. Our products (1) are predominately produced by 14 strategically located production facilities and marketed around the world. Agriums Wholesale division manufactures, markets, and distributes three primary nutrients: nitrogen, phosphate, and potash. We service our customers through a network of over 100 distribution warehouses, supplied by 14 production facilities. Some of our suppliers to our distribution network are also competitors from a manufacturing perspective. Our strengths include a low cost-in-market position, the ability to leverage distribution, a focus on continued incremental expansion at key facilities and growth in new product sales and product offerings.
Nitrogen (N)
Facilities strategically located in Canada and the United States combined annual capacity of over 5.0 million tonnes Competitive advantages of lower-cost Argentina, Egypt, and Alberta gas as well as a close proximity to key markets
Phosphate (P)
Two phosphate plants, combined annual capacity of approximately 1.0 million tonnes Delivered cost advantage in Western Canada and North Western United States markets Integrated mining and production, access to low-cost sulphur and sulphuric acid
Potassium (K)
Current capacity of over 2.0 million product tonnes Market internationally through Canpotex
Agrium Products Fertilizer:

Ammonium Phosphate Sulphate Anhydrous Ammonia Aqua Ammonia Calcium Ammonium Nitrate (CAN 17) Merchant Grade Phosphoric Acid (MGA) Monoammonium Phosphate (MAP) Muriate of Potash Nitrogen Solutions Super Phosphoric Acid (SPA) Urea
Industrial:
Ammonium Nitrate Ammonium Sulphate Anhydrous Ammonia Aqua Ammonia Ammonium Polyphosphate Merchant Grade Phosphoric Acid (MGA) Muriate of Potash Nitric Acid, 42 and 38 Baume Urea Ammonium Nitrate Urea Vanox
(1)
Includes our joint venture agreement with Profertil in Bahia Blanca, Argentina.
17
Agrium

Production Capacity
Nitrogen Based Fertilizers Canada

Redwater, Alberta Ammonia #1 Ammonia #2 Ammonia Total (gross) Ammonia Total (net) Urea(1) (1) Ammonium Nitrate Ammonium Sulphate Nitrogen Solutions Carseland, Alberta Ammonia (gross) Ammonia (net) Urea Joffre, Alberta Ammonia (net) Fort Saskatchewan, Alberta Ammonia (gross) Ammonia (net) Urea 280,000 680,000 960,000 250,000 720,000 215,000 350,000 180,000 535,000 135,000 680,000 480,000 465,000 170,000 430,000
Nitrogen Based Fertilizers United States

Borger, Texas Ammonia (gross) Ammonia (net) Urea 490,000 430,000 99,000
Kennewick, Washington Nitrogen Solutions (material) West Sacramento, California Nitrogen Solutions (material) North Bend, Ohio Nitric Acid, Nitrogen Solutions (material) 430,000 204,000 110,000
(Standard and Granum) Nitrogen Solutions (material) 120,000
(1) Includes product used to produce nitrogen solutions. (2) Upgrade Facilities use ammonia and urea from other sources. They do not purchase natural gas to produce their own ammonia and urea. Note: Figures exclude idle capacity.
18
Agrium

Production Capacity
Phosphate Based Fertilizers Canada

Redwater, Alberta Mono-Ammonium Phosphate 660,000 P2O5 Equivalent 345,000 Kapuskasing, Ontario Average Concentrated Rock is 35% P2O5 Concentrated Rock Mined Annually 0.91 Million Tonnes
Rainbow Plant Capacities United States

Florence, Alabama Americus, Georgia Hartsville, South Carolina Total Rainbow
(2)
76,600 110,000 78,400 265,000
United States
Soda Springs (Conda) , Idaho Mono-Ammonium Phosphate 300,000 Phosphates P2O5 Equivalent 345,000 Dry Valley, Idaho Average Concentrated Rock is 31% P2O5 Ore Mined Annually 2.0 Million Tonnes Concentrated Rock Produced Annually 1.3 Million Tonnes Other Product Capacity 165,000 Total Canada and United States (P2O5) 720,000
(1)
Potash Based Fertilizers Canada

Vanscoy, Saskatchewan Potash KCl (MOP) 2,050,000
(1) (2)
Conda also produces other phosphate products such as merchant grade acid and super phosphoric acid. Includes over 30 different ammoniated grades of fertilizer.
19
Agrium
Agrium Wholesale Owned Distribution Facilities Canada

(metric tonnes of fertilizer storage)
Location Bloom, Manitoba Carseland, Alberta Clavet, Saskatchewan Ft. Macleod, Alberta Ft. Saskatchewan, Alberta Granum, Alberta Kamloops, British Columbia Redwater, Alberta Roma Junction, Alberta Standard, Alberta Vanscoy, Saskatchewan Watson, Saskatchewan Total Canada
Dry 50,000 50,000 63,500 17,000 65,000 200,000 250,000 695,500
Ammonia 27,000 36,000 36,000 122,000 4,640 34,500 27,000 287,140
Specialty
(1)
Total 77,000 108,000 97,800 17,000 101,000 13,250 1,715 332,000 4,640 21,150 264,500 47,200 1,105,255
22,000 34,300 13,250 1,715 10,000 21,150 20,200 122,615
(1) Source:
Specialty includes solutions and specialty products. Agrium
20
Agrium
Agrium Wholesale Owned Distribution Facilities United States

(metric tonnes of fertilizer storage)
Location Americus, Georgia Bainbridge, Georgia Borger, Texas Burley, Idaho Conda, Idaho Early, Iowa Florence, Alabama Garner, Iowa Glade, Washington Hartsville, South Carolina Hoag, Nebraska Homestead, Nebraska (2) Kennewick, Washington Lynchburg, Virginia Leal, North Dakota Marseilles, Illinois Meredosia, Illinois Mt. Vernon, Indiana Newton, Illinois Niota, Illinois North Bend, Ohio Paducah, Kentucky Tifton, Georgia West Sacramento, California Wilmington, North Carolina Total United States
Dry 42,634 18,142 15,965 7,801 54,426 24,129 14,604 24,492 27,213 20,852 10,000 5,443 49,891 16,328 29,027 30,116 391,061
Ammonia 900 65,992 114 17,398 19,049 36,556 34,383 15,149 26,625 17,235 36,284 269,684
Specialty
(1)
Total 42,634 18,142 16,865 7,801 54,426 65,992 24,129 114 14,604 24,492 17,398 27,213 155,779 10,000 36,556 70,848 45,815 62,590 8,527 26,625 35,286 12,699 16,328 95,518 30,116 920,496
115,878 31,023 30,660 12,699 8,527 18,051 12,699 30,206 259,750
(1) (2) Source:
Specialty includes solutions and specialty products. Includes capacity from Kennewick and Finley, Washington. Agrium
21
Agrium
Agrium Production and Distribution Locations
Nitrogen Production Facility Solution Production Facility Phosphate Production Facility Phosphate Mine Potash Production Facility Potash Mine Granulation Production Facility
Anhydrous Ammonia Storage Solution Storage Dry Storage Blend Storage Engro Distribution Ammonia Pipeline System Corporate/Wholesale Head Office United States Sales Office
22
Agrium
Industry Participants 2010 Ammonia Plant Capacities and Locations

(000 metric nutrient tonnes per year)
Company
Site
Capacity of NH3 Product
Canada
Agrium Inc. Agrium Inc. Agrium Inc. Agrium Inc. CF Industries, Inc. Canadian Fertilizer Ltd. Koch Fertilizer Canada Inc. Sherritt International, Inc. Yara Belle Plaine Inc. Total Canada Carseland, Alberta Ft. Saskatchewan, Alberta Joffre, Alberta Redwater, Alberta Courtright, Ontario Medicine Hat, Alberta Brandon, Manitoba Ft. Saskatchewan, Alberta Belle Plaine, Saskatchewan 439 381 394 787 394 902 353 158 590 4,239
United States
Agrium U.S. Inc. CF Industries, Inc. CF Industries, Inc. CF Industries, Inc. CF Industries, Inc. CF Industries, Inc. Coffeyville Res. Dakota Gasification Company Dyno Nobel Dyno Nobel Green Valley Chemical Honeywell International Koch Industries Inc. Koch Industries Inc. Koch Industries Inc. Koch Industries Inc. LSB Industries LSB Industries Mosaic Company Potash Corporation of Saskatchewan Potash Corporation of Saskatchewan Rentech Inc. Total United States Total Canada and United States Borger, Texas Donaldsonville, Louisiana Port Neal, Iowa Verdigris, Oklahoma Yazoo City, Mississippi Woodward, Oklahoma Coffeyville, Kansas Beulah, North Dakota Cheyenne, Wyoming St. Helens, Oregon Creston, Iowa Hopewell, Virginia Beatrice, Nebraska Dodge City, Kansas Enid, Oklahoma Fort Dodge, Iowa Cherokee, Alabama Pryor, Oklahoma Faustina, Louisiana Augusta, Georgia Lima, Ohio E. Dubuque, Illinois 402 2,084 275 781 372 328 320 291 146 83 26 459 217 230 818 287 130 201 410 585 482 228 9,156 13,396
Source:
IFDC Worldwide Ammonia Capacity Listing by Plant, June 2010.
23
Agrium
Industry Participants 2010 Urea Plant Capacities and Locations

Company
Site
Blue IFDC Johnson (1) Capacity Capacity

(Includes Urea Melt) (Solid Urea)
Canada
Agrium Inc. Agrium Inc. Agrium Inc. CF Industries, Inc. Canadian Fertilizer Ltd. Dyno Nobel Nitrogen Koch Fertilizer Canada Inc. Yara Belle Plaine Inc. Total Canada Carseland, Alberta Ft. Saskatchewan, Alberta Redwater, Alberta Courtright, Ontario Medicine Hat, Alberta Maitland, Ontario Brandon, Manitoba Belle Plaine, Saskatchewan 313 198 331 338 4 129 511 1,823 313 198 331 119 307 129 453 1,850
United States
Agrium U.S. Inc. CF Industries, Inc. CF Industries, Inc. CF Industries, Inc. CF Industries, Inc. CF Industries, Inc. CVR Energy Dyno Nobel Dyno Nobel Koch Industries Inc. Koch Industries Inc. Koch Industries Inc. Koch Industries Inc. LSB Industries Inc. Potash Corporation of Saskatchewan Potash Corporation of Saskatchewan Potash Corporation of Saskatchewan Rentech Inc. Total United States Total Canada and United States Borger, Texas Donaldsville, Louisiana Port Neal, Iowa Verdigris, Oklahoma Yazoo City, Missouri Woodward, Oklahoma Coffeyville, Kansas Cheyenne, Wyoming St. Helens, Oregon Beatrice, Nebraska Dodge City, Kansas Enid, Oklahoma Fort Dodge, Iowa Cherokee, Alabama Augusta, Georgia Geismar, Louisiana Lima, Ohio E. Dubuque, Illinois 46 1,068 128 279 82 53 157 44 52 29 38 231 79 100 230 171 188 61 3,036 4,859 46 983 134 284 81 125 100 42 56 29 38 232 79 240 167 184 54 2,874 4,723
(1) Source:
IFDC includes CRU production capacity. IFDC Worldwide Urea Capacity Listing by Plant, June 2010 . Blue, Johnson & Associates Inc., Nitrogen Profiles 2010.
24
Agrium
Industry Participants 2010 Granular Ammonium Phosphates Plant Capacities and Locations
(1)
Company
Site
IFDC Capacity
Canada
Agrium Inc. Total Canada Redwater, Alberta 345 345
United States
Agrifos Fertilizer, LP Agrium US Inc. CF Industries, Inc. J.R. Simplot Company J.R. Simplot Company Mississippi Phosphates Corp. Mosaic Company Mosaic Company Mosaic Company Mosaic Company Potash Corporation of Saskatchewan Potash Corporation of Saskatchewan Total United States Total Canada and United States Pasadena, Texas (DAP) Conda, Idaho (DAP/MAP) Plant City, Florida (DAP) Pocatello, Idaho Rock Springs, Wyoming Pascagoula, Mississippi (DAP) Bartow, Florida (DAP) Tampa, Florida (DAP) Faustina, Louisiana (DAP) New Wales, Florida (DAP) Aurora, North Carolina (DAP) White Springs, Florida (DAP) 227 345 998 191 186 362 954 785 835 1,669 574 209 7,335 7,680
(1) Source:
Capacities figures are on a P2O5 basis. IFDC Worldwide DAP & MAP Capacity Listing by Plant, June 2010.
25
Agrium
Industry Participants 2010 Muriate of Potash Capacities

Company
Site
Capacity
Canada
Agrium Inc. Mosaic Company Mosaic Company Mosaic Company Potash Corporation of Saskatchewan Potash Corporation of Saskatchewan Potash Corporation of Saskatchewan Potash Corporation of Saskatchewan Potash Corporation of Saskatchewan Potash Corporation of Saskatchewan Total Canada Vanscoy, Saskatchewan Belle Plaine, Saskatchewan Colonsay, Saskatchewan Esterhazy, Saskatchewan Allan, Saskatchewan Cory, Saskatchewan Lanigan, Saskatchewan Patience Lake, Saskatchewan Penobsquis (Sussex), New Brunswick Rocanville, Saskatchewan 1,230 1,680 1,080 2,400 1,131 817 2,297 620 480 1,826 13,561
United States
Intrepid Potash Intrepid Potash Intrepid Potash Intrepid Potash Mosaic Company Mosaic Company Total United States Total Canada and United States Carlsbad, New Mexico (East) Lea County, New Mexico (West) Moab, Utah Wendover, Utah Carlsbad, New Mexico Hersey, Michigan 136 234 71 54 300 60 855 14,416
Source:
Annual Company Reports.
26
Agrium
Industry Participants Annual Capacity

(000 metric nutrient tonnes per year) (Currency figures in US$ millions, except where noted)
P 2,447
K 8,936
(3)
Potash Corporation of Saskatchewan

(1)(2)
3,032
Public company, traded on NYSE and TSX, ticker symbol: POT. FY2009 EBITDA: $1,197.4 Website address: www.potashcorp.com Headquarters: Saskatoon, Saskatchewan, Canada Plants located in: Canada, United States, Trinidad, Brazil
(1)
Yara International ASA

6,713
(4)
455
Public company, traded on OSE, ticker symbol: YAR FY2009 EBITDA: $588.0 Website address: www.yara.com Headquarters: Oslo, Norway Plants located in: Norway, Sweden, France, Germany, Netherlands, Italy, Trinidad and Brazil 2,171(5) -
Koch Industries, Inc.

Private Company Website address: www.kochind.com Headquarters: Wichita, Kansas, United States Plants located in: Canada, United States and Trinidad
(1)
CF Industries Holdings Inc.

5,095(6)
998
Public company, traded on NYSE, ticker symbol: CF FY2009 EBITDA: $780.8 Website address: www.cfindustries.com Headquarters: Deerfield, Illinois, United States Plants located in: United States, Canada, Trinidad and United Kingdom
(1)
The Mosaic Company

410
4,400
6,240
(7)
Public Company, traded on NYSE, ticker symbol: MOS FY2009 EBITDA: $1,745.4 Website address: www.mosaicco.com Headquarters: Plymouth, Minnesota, United States Plants located in: United States and Canada
(1) (2) (3) (4) (5) (6) (7) Source:
The major stock exchange is listed, some are listed on multiple exchanges. Potash Corporation of Saskatchewans annual capacities includes their interest in Sinofert (22%), Arab Potash Ltd. (28%), Sociedad Quimica y Minera de Chile (32%) and Israel Chemicals Ltd. (14%). Stated nameplate capacity includes idle capacity at their production facilities, Cory and Patience Lake, Saskatchewan. Yaras annual nitrogen capacity includes their interest in Le Harve (47.85%), Tringen(49%), QAFCO (25%), Burrup Holdings (35%), GrowHow UK (50%), Rossosh (37.69%) and Lifeco (50%). Kochs annual nitrogen capacity includes their interest in Point Lisas Nitrogen Limited (50%) CF Industries nitrogen capacity includes their recent acquisition of Terra Industries and Terras previous interests in GrowHow UK (50%) and Point Lisas Nitrogen Ltd. (50%) and CFs interest in Canadian Fertilizer Ltd. (66%). Mosaics annual potassium capacity does not include product produced at Esterhazy and sold to Potash Corporation of Saskatchewan under a tolling agreement Company websites www.capitaliq.com, a Division of Standard and Poors. IFDC Worldwide Ammonia Capacity Listing by Plant, June 2010. IFDC Worldwide Phosphoric Acid Capacity Listing by Plant, June 2010. IFDC Worldwide Potash Capacity Listing by Plant, June 2010.
27
Agrium
Agrium Advanced Technologies: Embracing the Future

Agrium Advanced Technologies is the leading manufacturer and marketer of slow- and controlled-release fertilizers and micronutrients in the Agriculture, professional Turf and Ornamental, Consumer Lawn and Garden, and Specialty Agriculture markets. Agrium Advanced Technologies brands include: ESN , POLYON , XCU , NITROFORM , NUTRALENE , and DURATION CR slow and controlled-release fertilizers, AMP , UltraYield Micronutrients and PRECISE controlled-release plant protection. These products utilize proprietary advanced generation technologies to control nutrient release for improved plant growth and environmental performance.
Agrium markets controlled-release fertilizer, ESN , into the commodity agriculture market. ESN is Agriums patented-process controlled release nitrogen product, the first product of its kind marketed for use in commodity agriculture. Controlled-release fertilizers release nutrients as plants require, increasing the efficiency of fertilizer use while benefiting the environment.
Slow-Release Fertilizer
Slow-Release Fertilizer
Products
Control Release ESN Duration Polyon Slow Release XCU Nutralene Nitroform Micronutrients AMP AgriMag Broadman20 EZ20 Nubor10 UltraYield Plant Protection Precise
Annual Production Capacities by Product

Production Capacity
(metric tonnes per year)
Specialty Fertilizers
(by product types)
ESN Duration Nutralene XCU Nitroform Polyon Total All Product Types
(1)
360,000 40,000 12,000 105,000 6,000 93,850 616,850

(metric tonnes per year)
Micronutrients and NPKs

Reese Facility
(2)
50,000
(1) (2)
All Product Types include ESN, Duration, Nutralene, XCU, Nitroform, Polyon, and Precise. Includes AMP and UltraYield products.
28
Agrium
Agrium Advanced Technologies - ESN Features, Advantages and Benefits

ESN is the only controlled release nitrogen source widely available in agriculture, providing growers with a return on investment through increased nitrogen efficiency. Audience Features Growers Advantages Benets Per acre yield increases of 15-20 bu/acre in corn, 8-10 percent in Canola, and 5-10 percent in (1) wheat when applied to the appropriate acres. Up to 1.5 percent increase in cereal protein and (1) increased quality in potatoes and other crops. Fewer applications required with a larger window. Coating protects product while in storage and works with all conventional equipment. Apply up to 3x the typical safe rate of urea.
Controlled Yield Release Nitrogen Enhancements (N) Benets Protein/Quality Improvements Timing/ Convenience Seed Safety
Environmentally Virtually eliminate N loss to the environment, Friendly protecting the growers N investment while receiving government support through the use of incentives. Backed by Independent Research Color Condence University and government research over multiple years, geographies, and crops instills condence in benet claims. Color instills condence in the grower and tells them they received the appropriate product.
Condence
(1)
Statistics are based on AAT field research database, results may vary.
29
Agrium
Agrium Advanced Technologies - Product Innovation Product Innovation is a key priority for Advanced Technologies
AATs Research Team provides:

New product, application and process development Scale-up and commercialization Optimization of current products Investigate emerging technologies Development of intellectual property for AAT
AATs Agronomy Team provides:
Products founded on sound agronomic science for predictable performance and value to the customer Products backed by years of industry-leading field testing by top soil scientists Recognized experts in slow- and controlled-release fertilizer products Quality customer education to help properly position our products
AATs Products Provide:

Improved productivity Improved customer profit More convenient application timing and methods Environmental benefits
Agrium Advanced Technologies businesses:
Agricultural Technologies
Turf and Ornamental Technologies
Direct Solutions Distribution
AAT International
Controlled Release Nitrogen Products Micronutrient Products
Controlled Release Fertilizers Reacted Urea Products Micronutrient Products
North America Turf and Ornamental Retail
Expanding outside North America Strategic Distribution Partners
AATs conducts business in four distinct areas. Agriculture Technologies provides ESN controlled release nitrogen and UltraYield micronutrients to the agriculture markets. T&O Technologies provide their slow- and control-release products to the golf, lawn care, horticulture and consumer markets. Direct Solutions provides full-service distribution to the T&O markets. AATs international team provides both agriculture and T&O products to customers globally.
30
Agrium
Agrium Advanced Technologies Production and Distribution Locations
Tolley Ulen
Burns Harbor Springfield Greenville Washington Courthouse
Borger
Lewiston Albany Boston
Rochester Lansing Rockford Columbus Indy Greeley Omaha Columbia Richmond Butler
Long Island North Brunswick Baltimore Girdletree
Monroe Oklahoma City Duluth Irving
Clinton
Sanford Houston Fort Myers Miami
Production Facility Product Innovation Regional Office Head Office Storage Facility Distribution Locations (Turf and Ornamental)
31
Agrium
Industry Participants Agrotain International L.L.C.
Subsidiary of Lange-Stegmann Co., a privately held company Website address: www.agrotain.com Headquarters: St. Louis, Missouri Facilities located in: North America.
Products N Stabilizers Agrotain, Agrotain Plus, Super N Concentrate (Urease Inhibitors + Nitrification Inhibitors) HYDREXX (Urease Inhibitor + Nitrification Inhibitor) Stabilized Nitrogen Fertilizers UMAXX UFLEXX Super U
Chisso Asahi Fertilizer Company Ltd.

Private Company Website address: www.chisso.co.jp/english Facilities located in: Japan
Products U.S. Market (Primarily through Helena Chemical Co.) Nutricote (PCF) Meister (PCU) UBER (CDU) Japanese Market: Phoska Line (CDU) Long, Ecolong, Hi-Control, LP Coat (PCF)
Haifa Chemicals Ltd.

Private Company, owned by Trans Resources Inc. Website address: www.haifachem.com Headquarters: Haifa Bay, Israel Facilities located in: Israel and France
Products Coated Products Multicote (PCU and PC - NPK) Cote N (PCU) Poly-Feed Multi-K Urea Reaction Hi-Green (MU-based NPK)
Lebanon Seaboard Corporation

Private Company Website address: www.lebanonturf.com Headquarters: Lebanon, Pennsylvania Facilities located in: North America
Products Urea Reaction Meth-Ex 40 (methylene urea used in brand name products MESA and EXPO Coated Products Poly-X Pro (purchased PCSCU) Brand Name Blended Products Country Club, Lebanon Pro, IsoTec, Par Ex, Proscape, Greenskeeper Planting Products Woodace Tablets
Source:
Company public disclosure.
32
Agrium
Industry Participants Sadepan Chimica S.r.l
Private Company (division of the Saviola Group) Website address: www.grupposaviola.com/sadepanc Headquarters: Mantova, Italy Facilities located in: Italy and Belgium
Products Sazolene Products (liquid and granular methylene urea products) Sirflor N38 and Sirflor Plus (Granular ureaform)
The Scotts Miracle-Gro Company
Public company, traded on NYSE under the ticker SMG Website address: www.scotts.com Headquarters: Marysville, Ohio Facilities located in: North America, UK and the Netherlands (1) FY2009 EBITDA: $359.0-Million Divisions: Global Consumer, Global Professional, Scotts Lawnservice , and Corporate and other.
Products Coated Products: Poly-S (PCSCU) ScottKote (PCU) Osmocote (PC NPK) Others: Turf Builder Osmoform Miracle Gro, Scotts, Hypones, Earthgro, SuperSoil, Bug-B-Gone, Weed-B-Gone and Roundup Planting Products (Horticulture) Agriform
Turf Care Supply Corporation

Private Company (owned by Platinum Equity) Website address: www.turfcaresupply.com Facilities located in: United States Headquarters: Brunswick, Ohio
Products Marketed Products: Growstar Line: line of turf-related blended and homogenous products including Palm and Tropical Fertilizer; Polymer Coated Sulfur Coated Urea; Professional Turf Fertilizer; Sulfur Coated Sulfate of Potash with Iron and Manganese; Weed and Feed. Private Label Production: Poly-Plus (PCSCU for JDL / Lesco) Novex (NPK and NK with MU for JDL / Lesco)
(1) Source:
Fiscal year end September 30. Company public disclosure
33
Agrium
Agricultural Statistics Crops: Area, Production and Stocks - United States

(million bushels and million acres)
Area Planted
Area Harvested
Yield (bu/ac)
Produced
Total Use
Ending Stocks
Stocks to Use Ratio
Avg. Farm Price ($/bu)
Wheat (CY)
2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 53.6 59.2 63.2 60.5 57.3 57.2 59.7 62.1 47.7 49.9 55.7 51.0 46.8 50.1 50.0 53.1 46.7 44.5 44.9 40.2 38.7 42.0 43.2 44.2 2,224 2,218 2,499 2,051 1,812 2,105 2,158 2,345 2,446 2,018 2,275 2,314 2,049 2,155 2,235 2,353 853 976 657 306 456 571 540 546 35% 48% 29% 13% 22% 26% 24% 23% 5.50 4.87 6.78 6.48 4.26 3.42 3.40 3.40
Soybeans (CY)
2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 77.7 77.5 75.7 64.7 75.5 72.0 75.2 73.4 76.8 76.4 74.7 64.1 74.6 71.3 74.0 72.5 44.4 44.0 39.7 41.7 42.7 43.0 42.2 33.9 3,408 3,359 2,967 2,677 3,188 3,063 3,124 2,454 3,305 3,361 3,047 3,056 3,073 2,873 2,986 2,525 265 151 138 205 574 449 256 112 8% 5% 5% 7% 19% 16% 9% 4% 10.75 9.60 9.97 10.10 6.43 5.66 5.74 7.34
CY (e) (p) Source:
Crop year estimated projected USDA-WASDE-487, October 8, 2010. 2010-2011 Agrium Fact Book
34
Agrium
Agricultural Statistics Corn Supply and Use - United States

(million bushels and million acres) Avg. Farm Price ($/bu)
Year
Begin Stocks
Area Area Planted Harvested
Yield (bu/ac)
Produced
Total Supply
Total Dom Use
Exports
End Stocks
Stocks To Use Days Ratio Supply
2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03 2001/02 2000/01 1999/00 1998/99 1997/98 1996/97 1995/96 1994/95 1993/94
1,708 1,673 1,624 1,304 1,967 2,114 958 1,087 1,596 1,899 1,718 1,787 1,308 883 426 1,558 850 2,113
88 87 86 94 78 82 81 79 79 76 80 77 80 80 80 71 79 79
81 80 79 87 71 75 74 71 69 69 72 71 73 73 73 65 73 72
156 165 154 151 149 148 160 142 129 138 137 134 134 127 127 114 139 101
12,664 13,110 12,092 13,038 10,535 11,114 11,807 10,089 8,967 9,507 9,915 9,431 9,759 9,207 9,293 7,374 10,103 6,336
14,382 14,791 13,729 14,362 12,514 13,237 12,776 11,190 10,578 11,416 11,639 11,232 11,085 10,099 9,733 8,947 10,963 8,470
11,480 11,097 10,207 10,300 9,086 9,122 8,844 8,335 7,903 7,915 7,805 7,587 7,318 7,287 7,054 6,294 7,205 6,292
2,000 1,987 1,849 2,437 2,125 2,147 1,818 1,897 1,588 1,889 1,935 1,937 1,981 1,504 1,795 2,228 2,200 1,328
902 1,708 1,673 1,624 1,304 1,967 2,114 958 1,087 1,596 1,899 1,718 1,787 1,308 883 426 1,558 850
6.7% 13.1% 13.9% 12.8% 11.6% 17.4% 19.8% 9.3% 11.4% 16.3% 19.5% 18.0% 19.2% 14.9% 9.9% 5.0% 16.5% 11.1%
29 56 60 58 52 79 87 42 50 74 89 83 89 66 46 25 79 49
5.00 3.55 4.06 4.20 3.04 2.00 2.06 2.42 2.32 1.97 1.85 1.82 1.94 2.43 2.70 3.24 2.26 2.50
(e) (p) Source:
estimated projected USDA-WASDE-487, October 8, 2010.
35
Agrium
Agricultural Statistics Fertilizer Application Rates - United States

(Years Ended June 30(1))
P 58 81% 47 43 67% 43 46 23% 11 32 85% 27 34 57% 19
K 84 65% 54 71 52% 70 80 25% 20 18 27% 5 49 17% 8
Total
Corn
lbs/acre % of area applied lbs applied/acre lbs/acre % of area applied lbs applied/acre lbs/acre % of area applied lbs applied/acre lbs/acre % of area applied lbs applied/acre lbs/acre % of area applied lbs applied/acre
138 96% 132 91 92% 91 16 18% 3 72 95% 68 64 80% 51
233
Cotton
150
Soybeans
34
Spring Wheat
100
Winter Wheat
78
(1) Source:
Corn and Cotton data are for the years 2005 and 2008, respectively. Soybeans, Spring Wheat and Winter Wheat data is for the year 2007. Agricultural Chemical Usage Report, 2007 and 2008 Field Crops Summary. NASS, USDA.
36
Agrium
Agricultural Statistics Nutrient Uptake and Removal by Field Crops - United States
(pound per acre)
Corn
156 bu/acre
P2O5
K2O
Uptake(1) (2) Removal
240 135
102 79
240 52
Soybeans
44 bu/acre
Uptake Removal
224 160
38 32
144 56
Cotton
841 lb/acre
Uptake Removal
160 54
48 24
140 34
(1) (2) Source:
Total nutrient taken up by the crop. Nutrient removed in harvested portion of the crop. IPNI; Plant Food Uptake and Harvest Removal For Southern Crops, November 2009. USDA, WASDE-485-11, August 12, 2010.
37
Agrium
Agricultural Statistics Planted Area and Production by Crop - Western Canada Area
(1)
(000 of acres)
2010(e) Winter Wheat Spring Wheat Durum Wheat Oats Barley Rye Flaxseed Canola Total Crops
(2)
2009 1,867 16,930 5,660 3,732 8,663 285 1,710 16,200 55,047 6,230
2008
2007
2006 1,711 18,743 3,795 5,099 9,118 482 1,988 12,422 53,358 8,617
2005 405 17,582 5,785 4,125 10,290 350 2,080 13,485 54,102 10,160
2004 670 18,325 5,510 3,180 10,865 361 1,799 13,054 53,764 8,918
2003 561 18,283 6,135 5,184 11,715 356 1,841 11,626 55,701 8,913
2002 383 18,846 6,150 5,500 11,836 210 1,710 9,541 54,176 10,289
1,423 17,807 3,490 3,738 8,052 225 1,285 17,895 53,915 6,120
2,617 1,587 16,363 15,215 6,030 4,815 4,345 5,408 9,357 10,865 340 305 1,560 1,305 16,160 14,726 56,772 54,226 6,070 7,710
Summer Fallow
Production
(000 of tonnes)
2010(e) Winter Wheat Spring Wheat Durum Wheat Oats Barley Rye Flaxseed Canola Total Crops
(2)
2009 2,945 16,150 4,519 2,967 8,948 267 915 9,541 46,254
2008
2007
2006 3,403 20,052 3,821 3,602 10,005 302 1,041 9,105 51,331
2005 469 18,407 5,915 3,028 11,664 302 1,082 9,609 50,476
2004 939 18,087 4,962 3,271 12,300 340 517 7,651 48,067
2003 751 16,075 4,280 3,255 11,396 263 754 6,604 43,378
2002 386 9,995 3,714 2,330 6,190 83 679 3,520 26,897
2,571 16,966 3,122 2,392 8,488 232 570 10,867 45,208
4,687 2,499 18,405 13,873 5,519 3,681 4,273 4,696 11,781 10,984 316 233 861 634 12,643 8,751 58,485 45,351
(e) (1) (2) Source:
estimated Refers to seeded Area. Total crops includes total for major crops only. Field Crop Reporting Series, Catalogue no. 22-002X, Volume 89. No 5, Statistics Canada, August 2010. Field Crop Reporting Series, Catalogue no. 22-002-X, Volume 89. No 4, Statistics Canada, June 2010. 2010-2011 Agrium Fact Book
38
Agrium
Fertilizer Statistics Nutrient Uptake and Removal by Field Crops - Western Canada
(pound per acre)
P2O5
K2O
Spring Wheat
40 bu/acre (2,690 kg/ha)
Uptake (2) Removal
(1)
76-93 54-66
29-35 21-26
65-80 16-19
8-10 4-5
Barley
Uptake Removal
100-122 70-85
40-49 30-37
96-117 23-28
12-14 6-8
Canola
Uptake Removal
100-123 61-74
46-57 33-40
73-89 16-20
17-21 10-12
Flax
Uptake Removal
62-76 46-56
18-22 14-17
39-48 13-16
12-15 5-6
(1) (2) Source:
Total nutrient taken up by the crop. Nutrient removed in harvested portion of the crop. Canadian Fertilizer Institute, February 2001.
39
Agrium
Fertilizer Statistics Total Consumption of Fertilizers - North America

Year
Primary Nutrient Consumption P2O5 K20
Total
United States
2010(p) 2009(e) 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 11,340 10,908 11,396 11,970 10,926 11,192 11,819 10,970 10,895 10,464 11,189 11,296 11,170 11,206 11,162 10,631 11,470 10,335 10,384 10,239 10,048 3,810 3,221 3,853 4,147 4,064 4,209 4,377 3,892 4,200 3,862 3,913 3,851 4,187 4,184 4,107 4,014 4,102 4,024 3,826 3,811 3,942 3,629 2,631 4,227 4,657 4,286 4,695 5,008 4,491 4,519 4,469 4,510 4,494 4,809 4,921 4,770 4,652 4,779 4,664 4,574 4,537 4,720 18,779 16,759 19,476 20,774 19,274 20,093 21,204 19,353 19,614 18,795 19,612 19,649 20,166 20,311 20,039 19,297 20,351 19,023 18,784 18,587 18,710
(e) (p) Source:
estimated projected The Fertilizer Institute, US Nutrient Consumption 1960-2006. IFA, Fertilizer Consumption 2009/10-2014/15, Country Reports, June 2010. 2010-2011 Agrium Fact Book
40
Agrium
Fertilizer Statistics Total Consumption of Fertilizers - North America

Year
Total
Canada
2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03 2001/02 2000/01 1999/00 1998/99 1997/98 1996/97 1995/96 1994/95 1993/94 1992/93 1991/92 1990/91 1,872 1,817 1,915 1,650 1,540 1,394 1,659 1,642 1,556 1,578 1,682 1,619 1,653 1,670 1,576 1,448 1,406 1,305 1,253 1,148 615 580 502 650 566 610 676 656 630 632 668 664 717 703 658 628 641 616 592 578 273 195 354 334 240 331 350 336 324 316 339 361 358 322 333 310 328 327 310 338 2,759 2,592 2,771 2,634 2,346 2,335 2,685 2,634 2,510 2,526 2,689 2,644 2,728 2,695 2,567 2,386 2,375 2,248 2,155 2,064
(e) Source:
estimated The Fertilizer Institute, US Nutrient Consumption 1960-2006. IFA, Fertilizer Consumption 2009/10-2014/15, Country Reports, June 2010.
41
Agrium
Fertilizer Statistics Total Consumption of Fertilizers and Plant Nutrients - Canada

Year
Total
Western Canada
2009/2010 2008/2009 2007/2008 2006/2007 2005/2006 2004/2005 2003/2004 2002/2003 2001/2002 2000/2001 1999/2000 1998/1999 1997/1998 1996/1997 1995/1996
(1)
1,561 1,513 1,600 1,939 1,251 1,259 1,350 1,340 1,280 1,301 1,396 1,320 1,354 1,399 1,288
493 463 442 337 452 502 543 527 488 486 518 516 553 550 509
99 78 163 150 68 159 157 151 126 124 133 137 126 109 108
2,153 2,054 2,205 2,426 1,771 1,920 2,050 2,018 1,894 1,911 2,047 1,973 2,033 2,058 1,905
Eastern Canada
2009/2010 2008/2009 2007/2008 2006/2007 2005/2006 2004/2005 2003/2004 2002/2003 2001/2002 2000/2001 1999/2000 1998/1999 1997/1998 1996/1997 1995/1996
(1)
339 344 315 477 289 134 310 303 276 276 286 299 299 271 288
137 114 60 118 113 108 133 129 142 146 149 148 164 154 149
171 108 191 256 137 173 192 184 198 192 206 222 232 213 225
647 566 566 851 539 415 635 616 616 614 641 669 695 638 662
(1)
Source:
2007/2008, 2008/2009 and 2009/2010 data are derived from fertilizer shipments to Canadian agriculture markets report. Data prior to 2006 was collected by Canadian Fertilizer Institute. Different coverage and reporting methods of the data will affect the comparability of the data. Statistics Canada - Fertilizer Shipments Survey 2010. 2010-2011 Agrium Fact Book
42
Agrium
Fertilizer Statistics Fertilizer Consumption - United States

25,000
20 ,000 ('000 metric tonnes)
15 ,000
10,000
5,000
0
1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006
Nitrogen
Phosphate
Potash
Source:
AAPFCO, The Fertilizer Institute (TFI), June 2010.
43
Agrium
Fertilizer Statistics Fertilizer Consumption - Canada
3,000
2,500
('000 metric tonnes)
2,000
1,500
1,000
500
0
1973 1978 1983 1988 1993 1998 2003 2008
Nitrogen
Phosphate
Potash
Source:
The Fertilizer Institute, 2009.
44
Agrium
Fertilizer Statistics Historical Fertilizer and Gas Prices - North America

Nitrogen Fertilizer Products
1100 1000 Ammonia/ urea Price (US$/metric tonnes) 900 800 700 12.00 600 500 400 5.36 300 3.89 200 100 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 (Jan - Oct) 2.63 2.60 2.12 2.29 2.00 0.00 4.26 3.22 4.00 4.54 4.00 6.13 6.00 8.62 7.20 6.87 9.03 10.00 8.00 20.00 18.00 16.00 Natural Gas Price (US$ mmBtu delivered) 14.00
Nymex Price Ammonia W. Canada dIv
Urea Gran NOLA fob Ammonia ACB fob
Urea Gran W. Canada dIv
Source:
Fertilizer prices are all spot weighted averages before any discounts, year average refers to calendar year. NOLA = refers to a FOB price (loaded on barge) at the U.S. Gulf port, New Orleans, Louisiana. ACB refers to the weighted average price in the U.S. corn belt. Gas prices are unhedged spot delivered to an ammonia plant located close to New Orleans, Louisiana (YTD Avg). Blue, Johnson and Associates Inc., The Sheet October 2010.
45
Agrium
Fertilizer Statistics Historical Fertilizer and Gas Prices - North America
Phosphate and Potash Fertilizer Prices

1100 1000 900 800 US$/metric tonne 700 600 500 400 300 200 100 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 (Jan - Oct)
DAP PNW dIv
DAP CFL fob
KCL ACB fob
Source:
Fertilizer prices are all spot weighted averages before any discounts, year average refers to calendar year. ACB refers to the weighted average price in the U.S. corn belt. CFL refers to Central Florida. Blue, Johnson and Associates Inc., The Sheet October 2010. 2010-2011 Agrium Fact Book
46
Agrium
South America
47
Agrium
South America Markets

Investing in South America provides an opportunity to grow where agriculture is growing. Our current operations, Profertil and ASP, will allow us to leverage our strengths as we enter new markets. Brazil, Uruguay and Chile are key markets for expansion in South America beyond our Argentinian base. In 2009, we continued to grow by opening two retail farm branches in Uruguay. In 2010, ASP acquired 24 retail outlets and a formulation plant in from DuPont in Argentina.
Argentina
Argentina is the second largest producer of crops in South America. Argentina has approximately 28 million hectares of arable land. The three major crops produced in Argentina are corn, wheat and soybeans. Fertilizer consumption in 2009 was 6.8, 5.8 and .025 million metric nutrient tonnes of nitrogen, phosphate and potash, respectively. From 2010 to 2015, Argentinas annual growth rate for total nitrogen, phosphate and potash consumption is estimated to be approximately 3 percent. Agrium entered Argentina in 2000 as a joint venture project with Repsol YPF SA.
Brazil
Brazil is one of the largest fertilizer import markets in the world. It is also one of the fastest growing markets in the world, with an projected 8 percent compound annual growth rate between 2010 and 2015. Brazil has the fourth highest consumption of crop nutrients in the world and is the worlds third largest import market. Fertilizer consumption in 2010 is estimated to be nine million nutrient tonnes, 6 percent of the worlds consumption. Looking forward, Brazil is one of the few countries in the world with the land base and favourable climate to facilitate continued expansion of a cultivated land base. Growth in seeded areas and yields is expected to increase Brazils agricultural production steadily for the foreseeable future. Brazil is expected to build on and enhance its production and export leadership of several agricultural products including sugarcane, corn, soybeans, beef, oranges, coffee and poultry.
Agrium South America Retail

ASP (Agroservicios Pampeanos) is a wholly owned subsidiary of Agrium with close to 400 employees serving farmers through Farm Centers that supply inputs and services in Argentina and Chile. Products include fertilizers, chemicals, and seed. ASP expanded into Uruguay in 2009 with two farm centers built to expand Agriums South American presence. ASP Chile is involved primarily in the distribution of private label chemical products to retail facilities.
Products
Granulated Urea Diammonium Phosphate (DAP) Monammonium Phosphate (MAP) Granulated Ammonium Sulphate
Source:
CRU, Ammonia Ten Year Outlook 2008/09 (Update 2), October 2010. CRU, Phosphoric Acid, DAP, MAP and TSP Ten Year Forecast to 2016 (Update 2), October 2010. Fertecon, Potash Outlook, July 2010.
48
Agrium
Agrium South America Retail Agroservicios Pampeanos

(September 2010)
Farm Centers Chemical Formulation Plant Fertilizer Plant Satellites Chemical Storage Warehouse Total
Argentina 43 1 1 3 1 49
Chile 0 0 0 0 2 2
Uruguay 2 0 0 0 0 2
Argentina
(49 facilities, 4 offices in Argentina)
b Buenos Aires Prov.

(23 locations)
b Buenos Aires Prov.

continued
c Cordoba Prov.
continued
e Entre Rios Prov.

continued
s Salta Prov.
(3 locations)
Alberdi America Balcarce Bolivar Colonia Hinojo Colonel Surez El Arbolito French Gardey General Villegas Junn (Central Division Office) Lincoln Martinez (Headquarter Office) Mechita O-Higgins
Olavarria Fertilizer Plant Pieres Salto San Antonio de Areco Tandil (South Division Office) Tres Arroyos 30 de Agosto Trenque Lauquen*
Colonia Bismark General Roca General Cabrera Jesus Maria Laboulaye Laguna Larga Monte Buey* Rio Cuarto* Villa Maria
Parana Victoria Villaguay
Embarcacion Las Lajitas Salta
m Mendoza Prov.
(1 location)
Santa Fe Prov.
(9 locations)
c Cordoba Prov.
(11 locations)
e Entre Rios Prov.

(4 locations)
Cuyo
La California Casilda Chapuy Casilda (Chemical

Warehouse and Chemical Forulation Plant)
p La Pampa Prov.
(1 location)
La Carlota Cnel. Baigorria
Gualeguay
General Pico
Galvez Peyrano Rafaelo Rosario (North Division Office) San Genaro
Chile
(2 facilities; 1 Head Office)
s
Santiago de Chile
(Head Office)
s
La Serena
t
Temuco
Uruguay
(2 facilities)
d
Dolores
y
Young
Agroservicios Pampeanos 53 facilities in South America
Satellites
49
Agrium
Agrium South America Retail Locations
Agroservicios Pampeanos (ASP)
50
Agrium
Agrium South America Wholesale

Agrium began commercial production at the Profertil plant in Bahia Blanca, Argentina in the third quarter of 2000. Agrium owns 50 percent of Profertil while Repsol YPF, S.A., one of the leading oil and gas companies in the world, owns the other half.
Production Capacity
(metric product tonnes per year)
Nitrogen Based Fertilizers: Argentina

Bahia Blanca (Profertil S.A.) Ammonia (gross) Ammonia (net) Urea
(1)
750,000 70,000 1,200,000
Agrium Owned Distribution Facilities

(metric product tonnes per year)
Argentina
(1)
Urea Bahia Blanca San Nicolas Total Argentina 150,000 77,000 227,000
NH3 20,000
Liquid
45,000 20,000 45,000
(1) Source:
Profertil S.A. is 50 percent owned by Agrium Inc. and 50 percent owned by Repsol YPF, S.A., figures shown represent total production. Agrium
51
Agrium
Agrium South America Wholesale Production and Distribution Locations
Nitrogen Production Facility Anhydrous Ammonia Storage Solution Storage Dry Storage
52
Agrium

(000 metric nutrient tonnes per year) (Currency figures are in US$ millions, except where noted)
P -
K -
Caribbean Nitrogen Company Ltd.

1,066
Private Company Headquarters: Point Lisas, Trinidad Facilities located in: Trinidad
(1)
Chemical and Mining Company of Chile Inc.

910
Public company, traded on NYSE, ticker symbol: SQM FY2009 EBITDA: $593.7 Website address: www.sqm.cl Headquarters: Santiago, Chile Facilities located in: Chile, United States, Mexico, Belgium, Netherlands, Turkey, UAE, France 281 -
Copebras Ltda

Private Company, 73 percent controlling stake owned by Anglo American plc. Website address: www.angloamerican.com Headquarters: Bela Vista, Brazil Facilities located in: Brazil
(1)
Petrobras

859
119
Public company, traded on BASE, ticker symbol: PESA FY2009 EBITDA: $653.1 Website address: www.petrobrasenergia.com Headquarters: Buenos Aires, Argentina Facilities located in: Argentina 406
(2)
Vale S.A.

634
(3)
510
Public company, traded on BOVESPA, ticker symbol: VALE5 Primarily a nickel production company; recently acquired Bunge Ltd. fertilizer operations in Brazil. FY2009 EBITDA: $11,020.3 Website address: www.vale.com Headquarters: Rio de Janeiro, Brazil Fertilizer facilities located in: Brazil, Canada, Peru, Argentina and Mozambique
(1) (2) (3) Source:
The major stock exchange is listed, some companies are listed on multiple stock exchanges. Vales nitrogen annual capacity includes newly acquired interest in Fosfertil (78.9%). Vales phosphate annual capacity includes their interest in Bunge (100%) and in Fosfertil (78.9%). Company Websites www.CapitalIQ.com, a division of Standard & Poors. IFDC Worldwide Ammonia Capacity Listing by Plant, June 2010. IFDC Worldwide Phosphoric Acid Capacity Listing by Plant, June 2010. IFDC Worldwide Potash Capacity Listing by Plant, June 2010. 53 Agrium
Agricultural Statistics Crop Production - Argentina

Area Harvested
(millions ha)
Yield
(tonnes/ha)
Production
(millions tonnes)
Corn
(seed December, harvest April)
2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03
3.20 2.70 2.50 3.41 2.80 2.40 2.80 2.30 2.40
7.81 8.33 6.00 6.45 8.04 6.50 7.40 6.50 6.30
25.00 22.50 15.00 22.00 22.50 15.80 20.50 15.00 15.50
Soybean
(seed November, harvest May)
2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03
18.00 18.60 16.00 16.37 16.30 15.20 14.40 14.00 12.60
2.78 2.93 2.00 2.82 2.99 2.66 2.70 2.40 2.80
50.00 54.50 32.00 46.20 48.80 40.50 39.00 33.00 35.50
Wheat
(seed June, harvest January)
2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03
4.30 3.50 5.12 6.00 5.29 5.00 6.10 5.70 5.90
2.79 3.00 1.97 3.00 2.87 2.90 2.62 2.46 2.08
12.00 10.50 10.10 18.00 15.20 14.50 16.00 14.00 12.30
(e) (p) Source:
estimated projected USDA, WAP 10-10, October 2010.
54
Agrium
Agricultural Statistics Crop Production - Brazil

Area Harvested
(millions ha)
Yield
(tonnes/ha)
Production
(millions tonnes)
Corn
(seed November, harvest March)
2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03
12.75 12.93 14.10 14.70 14.00 12.90 11.60 12.40 13.00
4.00 4.34 3.62 3.99 3.64 3.20 3.00 3.40 3.40
51.00 56.10 51.00 58.60 51.00 41.70 35.00 42.00 44.50
Soybean
(seed November, harvest May)
2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03
24.10 23.50 21.70 21.30 20.70 22.23 22.90 21.50 18.40
2.78 2.94 2.66 2.86 2.85 2.56 2.30 2.40 2.90
67.00 69.00 57.80 61.00 59.00 57.00 53.00 50.50 52.50
(e) (p) Source:
estimated projected USDA, WAP 10-10, October 2010.
55
Agrium
Fertilizer Statistics Fertilizer Consumption in Argentina, Brazil and Chile

Primary Nutrient Consumption N P2O5 K20 Total
Brazil
2010(p) 2009 2008 2007 2006 2995 2004 1,142 1,130 1,233 1,273 1,273 1,221 1,135 2,942 2,675 3,110 3,659 3,149 2,820 3,773 3,700 3,149 3,689 4,175 3,460 3,426 3,911
(1)
7,784 6,954 8,032 9,107 7,882 7,467 8,819
Argentina
2010(p) 2009 2008 2007 2006 2005 2004 681 752 443 503 680 578 609 632 574 638 686 743 469 508 30 (1) 25 20 37 55 48 40 1,343 1,326 1,101 1,226 1,478 1,095 1,157
Chile
2010(p) 2009 2008 2007 2006 2005 2004 212 185 172 157 168 117 139 150 144 160 171 143 140 162 95 90 89 110 95 86 78 457 419 421 438 406 343 379
(p) (1) Source:
projected 2009 potash consumption forecasted. CRU, Ammonia Ten Year Outlook 2008/09 (Update 2), March 2010, CRU, Ammonia Ten Year Outlook 2008 (Update 2), March 2008. CRU, Phosphoric Acid, DAP, MAP and TSP Ten Year Forecast to 2016 (Update 2), May 2010, CRU, Phosphoric Acid, DAP, MAP and TSP Ten Year Forecast to 2015 (Update 2), May 2007. Fertecon, Potash Outlook, April 2010. 2010-2011 Agrium Fact Book
56
Agrium
Europe
57
Agrium
European Markets
Europe consumed approximately 40 million tonnes of fertilizer in 2009 . In the EU-27 , there are approximately 92 million hectares of arable land, of which approximately 40 percent is cereals and 15 percent is oilseeds. Europe produces a diversity of crops and engages in differing agricultural (3) practices due to variety in climate and fertilization patterns across the continent. The EU-15 is a growth market for environmentally friendly crop nutrient and crop protection products. In contrast, (2) (3) the countries in the EU-12 and Eastern Europe are less mature in terms of application rates of nitrogen, phosphate and potash. Fertilizer consumption in the EU-12 and Eastern Europe is expected to grow annually at 1 and 2 percent respectively between 2009 and 2015. In July of 2008, Agrium acquired a 70 percent interest in Common Market Fertilizers (CMF), a European fertilizer distribution company. Agrium purchased the remaining 30 percent of CMF in July 2010 and CMF is now called Agrium Europe. Agrium Europe employs approximately 70 people and has seven sales offices in six different countries. Agrium Europe purchases, distributes and sells about 2.5 million metric tonnes of a wide range of nitrogen, phosphate and potash fertilizers per year, provides custom blending, bagging and palletizing services and has access to key dry and liquid storage facilities. Agrium Europe is able to leverage the value from our Egyptian Nitrogen facility and provides a platform of international growth for our controlled release fertilizers.
(1) (2)(3)
Agrium Europe
Ireland United Kingdom Netherlands Belgium Germany Czech Republic Slovakia Austria France Switzerland Slovenia Italy Croatia Bosnia and Herzegovina Ukraine Poland
Hungary Romania
Serbia
Leased Warehouse
Owned Warehouse
Subsidiary/Sales Office
Head Office
Belgium
(3 locations)
France
(5 locations)
Germany
(4 locations)
Italy
(3 locations)
United Kingdom
(1 location)
Antwerpen Brussels Ghent
Bulgaria
(1 location)
Angoulme Bordeaux/Blaye La Pallice Reims Cedex Rouen
Buchholz i.d.N Emden Lubeck Rostock
Porto Nogaro Ravenna Savona
London
Pleven
(1) (2)
(3) Source:
Fertilizer consumption is based on nitrogen, phosphate and potash from Western Europe EU15, Central Europe EU12 and Eastern Europe (Former Soviet Union). EU-15: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom. EU-12: Bulgaria, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia and Slovenia. Eastern Europe (Former Soviet Union): Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kirghizia, Latvia, Lithuania, Moldavia, Russia, Tajikistan, Turkmenistan, Former USSR, Ukraine and Uzbekistan. CRU, Ammonia Ten Year Outlook 2008/09 (Update 2), March 2010. CRU, Phosphoric Acid, DAP, MAP and TSP Ten Year Forecast to 2016 (Update 2), May 2010. Fertecon, Potash Outlook, June 2010. 2010-2011 Agrium Fact Book
58
Agrium

P 1,124
K -
Ammophos OAO (subsidiary of FosAgro Holding)

Private Company Website address: www.ammofos.ru Headquarters Cherepovets, Russian Federation Plants located in: Russia 5,465
Rue PA Belaruskali

Private Company Website address: www.kali.by/english Headquarters: Soligorsk, Belarus Facilities located in: Belarus
(1)
K+S Aktiengesellschaft

4,250
Public company, traded on DB, ticker symbol: SDF FY2009 EBITDA: $538.7 Website address: www.k-plus-s.com Headquarters: Kassel, Germany Plants located in: Germany, Poland, Czech Republic, Austria, Great Britain, Netherlands, Belgium, France, Italy, Switzerland, Spain, Portugal, Greece, USA, Mexico, Brazil, Chile, Argentina, South Africa, Singapore 3,290
Uralkali JSC

Public company, traded on RTS, ticker symbol: URKA FY2009 EBITDA: $536.1 Website address: www.uralkali.com Headquarters: Berezniki, Russia Plants located in: Russia
(1)
Yara International ASA

6,713
(2)
455
Public company, traded on OSE, ticker symbol: YAR FY2009 EBITDA: $560.9 Website address: www.yara.com Headquarters: Oslo, Norway Plants located in: Norway, Sweden, France, Germany, the Netherlands, Italy, Trinidad and Brazil 973 -
Zaklady Azotowe Pulaway S.A.

Public company, traded on WSE, ticker symbol: ZAP FY2009 EBITDA: $140.5 Website address: www.azoty.pulawy.pl Headquarters: Pulawy, Poland Plants located in: Poland
The major stock exchange is listed, some are listed on multiple exchanges. Yaras annual nitrogen capacity includes their interest in Le Harve (47.85%), Tringen (49%), QAFCO (25%), Burrup Holdings (35%), GrowHow UK (50%), Rossosh (37.69%) and Lifeco (50%) Company websites www.CapitalIQ.com, a division of Standard and Poors. IFDC Worldwide Ammonia Capacity Listing by Plant, June 2010. IFDC Worldwide Phosphoric Acid Capacity Listing by Plant, June 2010. IFDC Worldwide Potash Capacity Listing by Plant, June 2010.
(1) (2) Source:
59
Agrium
Agricultural Statistics Crop Production - Europe(1)

Area Harvested
(millions ha)
Yield
(tonnes/ha)
Production
(millions tonnes)
Barley
2008 2007 2006 2005 2004 2003 2002 2001 2000 29.16 27.30 29.76 27.99 28.88 28.94 29.13 29.24 27.58 3.62 3.03 2.99 2.97 3.34 2.88 3.13 3.16 3.05 105.53 82.60 88.98 83.09 96.43 83.20 91.31 92.39 84.03
Canola
2008 2007 2006 2005 2004 2003 2002 2001 2000 8.53 8.11 6.39 5.46 5.06 4.52 4.57 4.55 4.62 2.74 2.51 2.73 3.02 3.19 2.54 2.63 2.64 2.54 23.34 20.40 17.46 16.51 16.14 11.45 12.03 12.03 11.74
Corn
2008 2007 2006 2005 2004 2003 2002 2001 2000 15.48 13.89 13.58 13.81 15.73 14.86 13.37 13.63 13.71 6.02 5.19 5.68 3.84 6.13 4.68 5.74 5.63 4.63 93.14 72.08 77.23 53.05 96.52 69.60 76.71 76.72 63.51
(1)
Source:
Europe includes Eastern, Western, Southern and Northern Europe. Eastern Europe: Belarus, Bulgaria,Czech Republic, Hungary, Poland, Republic of Moldova, Romania, Russian Federation, Slovakia, Ukraine, USSR. Northern Europe: Channel Islands, Denmark, Estonia, Faeroe Islands, Finland, Iceland, Ireland, Isle of Man, Latvia, Lithuania, Norway, Sweden, United Kingdom of Great Britain and Northern Ireland. Southern Europe: Albania, Andorra, Bosnia and Herzegovina, Croatia, Gibraltar, Greece, Holy See, Italy, Malta, Montenegro, Portugal, San Marino, Serbia, Slovenia, Spain, The former Yugoslavia Republic of Macedonia, Serbia and Montenegro, Yugoslav SFR Western Europe: Austria, Belgium, France, Germany, Liechtenstein, Luxembourg, Monaco, Netherlands, Switzerland, BelgiumLuxembourg. FAO Website, Crop Production Statistics, updated December 2009. 2010-2011 Agrium Fact Book
60
Agrium
Agricultural Statistics Crop Production - Europe(1)

Area Harvested
(millions ha)
Yield
(tonnes/ha)
Production
(millions tonnes)
Sunflower Seeds
2008 2007 2006 2005 2004 2003 2002 2001 2000 14.53 12.12 14.31 13.24 12.36 13.54 10.43 9.75 11.32 1.51 1.25 1.38 1.36 1.26 1.21 1.25 1.09 1.17 21.97 15.21 19.78 17.97 15.57 16.32 13.03 10.65 13.26
Wheat
2008 2007 2006 2005 2004 2003 2002 2001 2000 61.60 56.13 55.30 59.61 56.99 48.55 60.30 58.37 55.28 4.03 3.38 3.47 3.50 3.86 3.17 3.51 3.46 3.32 248.06 189.66 191.71 208.42 219.79 153.69 211.76 202.01 183.60
(1)
Source:
Europe includes Eastern, Western, Southern and Northern Europe. Eastern Europe: Belarus, Bulgaria,Czech Republic, Hungary, Poland, Republic of Moldova, Romania, Russian Federation, Slovakia, Ukraine, USSR. Northern Europe: Channel Islands, Denmark, Estonia, Faeroe Islands, Finland, Iceland, Ireland, Isle of Man, Latvia, Lithuania, Norway, Sweden, United Kingdom of Great Britain and Northern Ireland. Southern Europe: Albania, Andorra, Bosnia and Herzegovina, Croatia, Gibraltar, Greece, Holy See, Italy, Malta, Montenegro, Portugal, San Marino, Serbia, Slovenia, Spain, The former Yugoslavia Republic of Macedonia, Serbia and Montenegro, Yugoslav SFR Western Europe: Austria, Belgium, France, Germany, Liechtenstein, Luxembourg, Monaco, Netherlands, Switzerland, BelgiumLuxembourg. FAO Website, Crop Production Statistics, updated December 2009.
61
Agrium
Fertilizer Statistics Fertilizer Consumption in Europe - Top Five Countries

(000 metric nutrient tonnes per year) *Includes West and Central Europe
Year
Total
Germany
2009 2008 2007 2006 2005 2004 2003 2002 2,450 2,887 2,850 2,775 2,203 2,182 2,329 2,004 268 298 317 247 274 356 344 391 150 179 511 443 426 480 486 475 2,868 3,364 3,678 3,465 2,903 2,964 3,159 2,870
Poland
2009 2008 2007 2006 2005 2004 2003 2002 1,830 1,876 2,020 1,870 1,514 1,444 1,414 1,194 400 435 462 265 304 346 320 303 250 300 537 502 425 404 389 377 2,480 2,611 3,019 2,637 2,243 2,194 2,123 1,874
France
2009 2008 2007 2006 2005 2004 2003 2002 1,396 1,362 1,420 1,355 1,405 1,275 1,292 1,262 536 595 633 583 594 683 810 784 360 390 794 731 735 900 932 960 2,292 2,347 2,847 2,669 2,734 2,858 3,034 3,006
Netherlands
2009 2008 2007 2006 2005 2004 2003 2002 1,692 1,524 1,755 1,572 1,269 1,308 1,411 1,407 33 37 39 51 102 42 53 54 55 60 78 78 77 77 76 75 1,780 1,621 1,872 1,701 1,448 1,427 1,540 1,536
Belgium/Luxembourg
2009 2008 2007 2006 2005 2004 2003 2002 1,191 1,348 1,405 1,400 1,104 1,069 1,019 886 44 49 51 42 42 43 42 46 65 68 76 77 78 79 80 80 1,300 1,465 1,532 1,519 1,224 1,191 1,141 1,012
Source:
CRU, Ammonia Ten Year Outlook 2008/09 (Update 2), March 2010. CRU, Phosphoric Acid, DAP, MAP and TSP Ten Year Forecast to 2016 (Update 2), May 2010. Fertecon, Potash Outlook, April 2010.
62
Agrium
Asia and parts of the Pacic Rim

63
Asia and Parts of the Pacific Rim Markets China

China has the largest population in the world, with over 1.3 billion residents representing 20 percent of the global population. China has 9 percent of the worlds arable land at approximately 121 million hectares. China has the largest agricultural production in the world by volume. China is the worlds largest fertilizer market, accounting for nearly 30 percent of the worlds demand. Rising annual incomes of Chinas population are driving an improvement in diets and increasing the amount of grain, dairy, and meat consumed in China. Over the next ten to fifteen years there will be an increased demand both on Chinas arable land and global crop nutrients as industrialization accelerates Chinas cropland loss. Our 19.5 percent investment in Hanfeng Evergreen Inc. allows Agrium to leverage off our expertise in the specialty fertilizer business and provides a platform for future growth in the important Chinese fertilizer and agriculture market.
India
Forecasts indicate that by 2025 India will become the 5th largest consumer economy in the world. While urbanization is not developing at similar rates compared to other parts of Asia, urban population is expected to grow significantly. With this, comes a rising middle-class which is expected to outnumber China over the next 10 years. The shift towards a protein rich diet, associated with a growing middle class will require an increase in agricultural production. Increasing agricultural production will increase demand for crop nutrients. India has approximately 145 million hectares of arable land. The major crops in India are rice paddy, wheat and millet. Fertilizer consumption in 2009 was 11.6 million metric tonnes, 5.8 million metric tonnes and 3.4 million metric tonnes for nitrogen, phosphate and potash, respectively. From 2010 to 2015, Indias annual growth rate for total nitrogen, phosphate and potash consumption estimated to be 1.2 percent, 3.4 percent and 3.3 percent respectively.
Australia
The $40-billion farm sector in Australia produces a variety of crops including grains, vegetables, sugar cane and pasture land for livestock. With a relatively small population of 22 million, Australia is a key exporter of wheat and barley into Asia and the Middle East. The three basic categories of fertilizers (nitrogen, phosphate and potash) are all used as crop inputs in Australia. Demand for specialty products has increased in recent years and many suppliers now offer such products to suit the specific purposes of individual end users. Australian fertilizer demand growth is expected to be similar to other mature markets such as North America, and relatively flat compared to historic trends. Fertilizer consumption in recent years has been below historical trend levels due to drought conditions, allowing for a potential bounce back through higher short-term growth rates.
Asia and Parts of the Pacific Rim

Kazakhstan Mongolia
Afghanistan Pakistan I di
Agrium China Office
Source:
China Nepal Bangladesh T i

Hanfeng Production Facility
N. Korea S. Korea
Japan
CRU, Ammonia Ten Year Outlook 2008/09 (Update 2), March 2010. CRU, Phosphoric Acid, DAP, MAP and TSP Ten Year Forecast to 2016 (Update 2), May 2010. Fertecon, Potash Outlook, April 2010.
64
Agrium
AWB Acquisition
On December 3, 2010 Agrium successfully completed the acquisition of all of the shares of AWB Limited (AWB) for a value of $1.50 per share, for a total price of approximately AUD $1.2 billion. AWB is Australias leading agribusiness company and employs over 2,200 people. AWB has two primary business streams: Rural Services and Commodity Management. Rural Services consists of Landmark, one of Australias largest distributors of fertilizer and agricultural products. Commodity Management provides services and products for the marketing of agriculture commodities; this business stream consists of Australia Commodity Management (ACM) and International Commodity Management (ICM). AWB is able to provide services across the value chain through these segments by leveraging its established touch points with rural communities in Australia and its relationships with key suppliers and customers globally. This acquisition will allow Agrium to continue our strategy of growing our retail business. The acquisition of AWB provides Agrium with significant potential to enhance product and services to growers in Australia and New Zealand, particularly through the Landmark division, by utilizing our international and fertilizing crop protection sourcing capabilities. Through AWBs expertise and experience in its Landmark retail operations, there is the potential to expand Agriums products and service offerings in North and South America. AWBs longstanding reputation amongst Australian growers, complements Agriums global business and provide a stronger platform for Agriums growth, particularly in the South East Asian region.
Rural Services (Landmark)

Provides a wide range of agribusiness to customers Australias largest distributor of fertilizer and crop chemicals Advisory services: agronomic, animal nutrition and whole farm planning Joint Venture with Fonterra Co-operative Group to operate RDI, New Zealand dairy retailer Over 400 outlets across Australia and New Zealand FY2010 Net Sales $1674.8 FY2010 EBITDA $69.0
Commodity Management
Includes ACM and ICM, operates in Grain Marketing, Logistics, Pool Management and Harvest Financing FY2010 Net Sales $3906.5 FY2010 EBITDA $80.4
(1) Source:
Note: AWBs fiscal year ends September 30 Scheme Booklet Company Websites
65
Agrium
AWB Locations
Malaysia
Indonesia
Australia
New Zealand
Company Owned Joint Venture Profit Share Franchise Branded Members
66
Agrium

P 408
(2)
K -
China Blue Chemical Ltd. (CNOOC)

(1)
861
Public Company, traded on SEHK, ticker symbol: 3983 FY2009 EBITDA: $294.9 Website address: www.chinabluechem.com.cn Headquarters: Dongfang city, Hainan Province, China Facilities located in: China and Inner Mongolia
(1)
Incitec Pivot Ltd.

402
507
Public Company, traded on ASX, ticker symbol: IPL FY2009 EBITDA: $481.0 Website address: www.incitecpivot.com.au Headquarters: Southbank, Australia Facilities located in: United States, Canada, Mexico and Australia 1,977 845 -
Indian Farmers Fertiliser Co-operative Ltd. (IFFCO)

Private Co-operative Website address: www.iffco.nic.in Headquarters: New Delhi, India Facilities located in: India
(1)
National Fertilizers Limited (NFL)

1,568
Public Company, traded on BSE, ticker symbol: 523630 FY2009 EBITDA: $75.7 Website address: www.nationalfertilizers.com Headquarters: Noida, India Facilities located in: India 1,225
Qinghai Salt Lake Potash Co. Ltd.

Pubic Company, traded on SZSE, ticker symbol: 000792 FY2009 EBITDA: $397.7 Website address: www.saltlakepotash.com Headquarters: Geermu, China Facilities located in: China
(1)
SINOFERT Holdings Ltd.

820(3)
227(4)
Public Company, traded on SEHK, ticker symbol: 0297 FY2009 EBITDA: $245.6 Website address: www.sinofert.com/en Headquarters: Wanchai, Hong Kong Facilities located in: China
The major stock exchanges is listed, some are listed on multiple exchanges. China Blue Chemicals annual phosphate capacity includes their interest in Hubei Mine (83.17%). Sinofert Holdings Ltd. annual nitrogen capacity only includes 100% owned capacity. Sinoferts potash capacity includes their interest in Qinghai Salt Lake Potash Co. Ltd. (18.49%). Source: Company Websites. www.CapitalIQ.com, a division of Standard & Poors. IFDC Worldwide Ammonia Capacities, June 2010. IFDC Worldwide Phosphoric Acid Capacities, June 2010. IFDC Worldwide Potash Capacities, June 2010. 67 Agrium
(1) (2) (3) (4)
Agricultural Statistics Crop Production - Asia(1)

Area Harvested
(millions ha)
Yield
(tonnes/ha)
Production
(millions tonnes)
Corn
2008 2007 2006 2005 2004 2003 2002 2001 2000 52.17 49.44 47.95 46.23 44.57 42.81 42.12 41.86 40.88 4.55 4.29 4.28 4.15 4.05 3.82 3.85 3.72 3.57 237.56 212.15 205.04 191.95 180.36 163.52 162.25 155.89 145.93
Rice Paddy
2008 2007 2006 2005 2004 2003 2002 2001 2000 141.96 139.20 138.47 137.02 133.52 132.70 132.22 136.32 137.98 4.39 4.31 4.19 4.17 4.10 3.99 3.89 3.99 3.95 622.68 599.87 580.30 570.88 546.81 529.93 514.76 544.12 545.05
Seed Cotton
2008 2007 2006 2005 2004 2003 2002 2001 2000 20.73 20.88 20.73 20.05 20.84 18.66 17.63 20.16 18.72 2.19 2.31 2.14 1.98 1.97 1.72 1.69 1.62 1.57 45.34 48.32 44.31 39.75 41.15 32.03 29.87 32.66 29.30
Wheat
2008 2007 2006 2005 2004 2003 2002 2001 2000 84.48 84.02 83.85 83.52 81.59 80.29 82.75 81.31 84.62 2.97 3.01 2.92 2.77 2.75 2.66 2.69 2.67 2.68 251.11 252.73 244.88 231.65 224.06 213.66 222.20 217.27 226.38
(1)
Source:
Asia is divided into Southern, South-Eastern, Central and Eastern Asia. Southern Asia: Afghanistan, Bangladesh, Bhutan, India, Islamic Republic of Iran, Maldives, Nepal, Pakistan, Sri Lanka. South-Eastern Asia: Brunei Darussalam, Cambodia, Indonesia, Lao Peoples Democratic Republic, Malaysia, Myanmar, Philippines, Singapore, Thailand, Timor-Leste, Vietnam. Central Asia: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan. Eastern Asia: China, Hong Kong Special Administrative Region of China, Macao Special Administrative Region of China, China mainland, China, Taiwan Province, Democratic Peoples Republic of Korea, Japan, Mongolia, Republic of Korea. FAO Website, crops production statistics, updated December 2009.
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Agrium
Agricultural Statistics Crop Production -Australia and New Zealand

Area Harvested
(millions ha)
Yield
(tonnes/ha)
Production
(millions tonnes)
Barley
2008 2007 2006 2005 2004 2003 2002 2001 2000 4.55 4.46 4.23 4.46 4.70 4.54 3.94 3.78 3.51 1.59 1.41 1.07 2.20 1.71 2.37 1.09 2.29 2.01 7.23 6.28 4.53 9.79 8.04 10.76 4.31 8.65 7.05
Canola
2008 2007 2006 2005 2004 2003 2002 2001 2000 1.17 1.06 1.05 0.98 1.38 1.21 1.30 1.33 1.46 1.38 1.00 0.55 1.47 1.12 1.41 0.67 1.32 1.22 1.62 1.07 0.58 1.44 1.55 1.71 0.88 1.76 1.78
Oats
2008 2007 2006 2005 2004 2003 2002 2001 2000 0.92 0.90 1.01 0.94 0.90 1.09 0.92 0.79 0.66 1.40 0.96 0.77 1.83 1.45 1.87 1.08 1.85 1.65 1.29 0.87 0.78 1.71 1.31 2.05 0.99 1.46 1.09
Source:
FAO Website, Crops Production Statistics, updated December 2009.
69
Agrium
Agricultural Statistics Crop Production - Australia and New Zealand

Area Harvested
(millions ha)
Yield
(tonnes/ha)
Production
(millions tonnes)
Sorghum
2008 2007 2006 2005 2004 2003 2002 2001 2000 0.85 0.61 0.77 0.76 0.74 0.67 0.82 0.76 0.62 3.63 2.09 2.52 2.66 2.74 2.20 2.46 2.55 3.40 3.07 1.29 1.94 2.01 2.01 1.47 2.02 1.94 2.12
Wheat
2008 2007 2006 2005 2004 2003 2002 2001 2000 13.59 12.39 11.84 12.50 13.44 13.11 11.21 11.58 12.19 1.60 1.08 0.94 2.04 1.65 2.02 0.93 2.13 1.84 21.74 13.38 11.08 25.49 22.22 26.45 10.43 24.66 22.43
Source:
FAO Website, Crops Production Statistics, updated June 2010.
70
Agrium
Fertilizer Statistics Fertilizer Consumption in Asia - Top Five Countries

Year
Total
China
2009 2008 2007 2006 2005 2004 2003 2002 42,341 41,185 41,967 40,219 30,072 27,583 24,709 23,708 11,964 11,260 11,490 11,858 12,557 10,177 10,258 8,952 4,250 4,750 5,800 5,600 5,700 4,800 4,257 3,914 58,555 57,195 59,257 57,677 48,329 42,560 39,224 36,574
India
2009 2008 2007 2006 2005 2004 2003 2002 11,588 10,840 11,265 11,678 9,365 9,944 9,104 9,170 5,545 5,405 5,515 5,543 4,828 4,786 4,400 4,219 3,200 3,313 2,636 2,335 2,413 2,061 1,598 1,601 20,333 19,558 19,416 19,556 16,606 16,791 15,102 14,990
Indonesia
2009 2008 2007 2006 2005 2004 2003 2002 3,365 3,432 3,131 3,050 2,420 2,310 2,205 2,182 455 479 510 566 673 304 266 207 675 800 930 800 750 750 600 450 4,495 4,711 4,571 4,416 3,843 3,364 3,071 2,839
Pakistan
2009 2008 2007 2006 2005 2004 2003 2002 2,606 2,631 2,528 2,541 1,989 1,932 1,828 1,794 563 592 630 829 988 806 651 649 15 22 31 36 45 33 28 21 3,184 3,245 3,189 3,406 3,022 2,771 2,507 2,464
Japan
2009 2008 2007 2006 2005 2004 2003 2002 1,190 1,183 1,260 1,264 987 1,277 1,027 1,041 421 438 466 381 416 411 422 181 270 343 347 358 360 347 336 339 1,881 1,964 2,073 2,003 1,763 2,035 1,785 1,561
Source:
CRU, Ammonia Ten Year Outlook 2008/09 (Update 2), March 2010. CRU, Phosphoric Acid, DAP, MAP and TSP Ten Year Forecast to 2016 (Update 3), July 2010. Fertecon, Potash Outlook, April 2010.
71
Agrium
Fertilizer Statistics Fertilizer Consumption in Parts of the Pacific Rim

Year
Total
Australia
2009 2008 2007 2006 2005 2004 2003 2002 1,073 959 930 982 894 835 790 839 787 884 982 864 1,026 1,209 1,156 1,153 135 215 227 222 222 255 235 235 1,995 2,058 2,139 2,068 2,142 2,299 2,181 2,227
New Zealand
2009 2008 2007 2006 2005 2004 2003 2002 115 107 111 125 108 121 124 107 313 348 387 430 430 507 481 457 98 98 123 135 140 163 157 163 526 553 621 690 678 791 762 727
Source:
72
Agrium
Agricultural Statistics Australia Crops: Supply and Use

(millions of bushels and millions acres) Total Begin Stocks Area Harvested Yield (bu/ac) Total Supply Dom Use End Stocks
Year
Produced
Imports
Exports
Barley
2010/11 2009/10 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03 111 111 76 45 119 86 87 44 81 10 11 12 12 10 11 11 11 10 11 10 6 4 11 8 8 4 8 349 381 367 329 195 435 355 477 177 460 492 444 374 314 521 442 521 259 152 156 138 96 133 115 115 99 80 188 174 149 155 85 242 196 294 91 68 111 111 76 45 119 86 87 44
Wheat
2010/11 2009/10 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03 169 132 134 145 344 245 199 117 295 33 34 33 31 29 31 33 32 27 5 4 4 5 12 8 6 4 11 845 827 787 499 398 925 805 960 372 1,018 963 925 648 745 1,173 1,006 1,080 678 151 147 138 129 173 136 118 118 125 4 5 4 4 3 3 3 3 10 588 533 542 275 321 588 541 662 336 164 169 132 134 145 344 245 199 117
(e) (p) Source:
73
Agrium
Agricultural Statistics Fertilizer Application Rates- Australia

(000 metric nutrient tonnes)
Total
Wheat
% total fertilizer use Quantity 31% 263 29% 284 13% 28 575
Other Course Grains

Sugar Canes
Fruits and Vegetables

Source:
IFA Assessment of Fertilizer Use by Crop at the Global Level 2006/06-2007/08
74
Agrium
Africa and the Middle East
75
Agrium
Africa and Middle Eastern Markets

Africa and the Middle East are markets with significant future growth potential. Our ownership interest in the MOPCO nitrogen facility in Egypt provides us with a strong presence in the region. In 2009, these two regions accounted for approximately 3 percent and 4 percent, respectively, of total world nitrogen, phosphate and potash consumption. Africa consumed 5.8 million metric tonnes, and the Middle East consumed 8.9 million metric tonnes. Both Africa and the Middle Easts consumption is expected to grow 8 percent annually between 2009 and 2015. Nitrogen is the predominant nutrient used in crop fertilization in Africa and the Middle East. In 2009, nitrogen accounted for approximately 82 percent of the total nitrogen, phosphate, and potash consumption in both Africa and the Middle East. This region is especially important in production and exports, particularity nitrogen and phosphates. The top nitrogen consuming countries are Egypt, Iran, Oman, Qatar and Saudi Arabia. The top five producing countries (based on NPK nutrient tonnes) in the region are Egypt, Saudi Arabia, Morocco, Iran and Israel, as Iran, Saudi Arabia, Qatar and Egypt rank among the top 20 countries in the world in production of natural gas. Access to low-cost natural gas is expected to support the continued growth of nitrogen production in the Middle East. Agriculture contributes significantly to the GDP of Africa and the Middle East. Available arable land in Africa and the Middle East is approximately 153 million hectares and 166 million hectares respectively. The major crops of this region are corn, sorghum, wheat and millet. Corn is the main crop produced in both Africa and the Middle East, with 58.8 million tonnes produced in 2009 and approximately 30.2 million hectares harvested.
Africa and the Middle East
Damietta (MOPCO Nitrogen Production Facility)
(1)
(1) Source:
Agrium owns a 26 percent interest in MISR Oil Processing Company, S.A.E. (MOPCO) in Egypt. CRU, Ammonia Ten Year Outlook 2008/09 (Update 3) June 2010. CRU, Phosphoric Acid, DAP, MAP and TSP Ten Year Forecast to 2016 (Update 3), July 2010. Fertecon, Potash Outlook, June 2010. CIA World Factbook. FAOstat. 2010-2011 Agrium Fact Book
76
Agrium

P -
K 1,966
(1)
Arab Potash Co. Ltd. (APC)

Public company, traded on ASE, ticker symbol: APOT FY2009 EBITDA: $263.1 Website address: www.arabpotash.com Headquarters: Amman, Jordan Facilities located in: Jordan
(2)
Israel Chemical Ltd. (ICL)

570
(3)
2,980
(4)
Public company, traded on TASE, ticker symbol: ICL FY2009 EBITDA: $1,198.6 Website address: www.icl-group.com Headquarters: Tel Aviv, Israel Facilities located in: Israel, Brazil, China, India, Italy, USA 4,137
(5)
Office Chrifien des Phosphates (Groupe OCP)

Private Company Website address: www.ocpgroup.ma/english/ Headquarters: Casablanca, Morocco Facilities located in: Morocco 1,597 -
Qatar Fertilizer Company (QAFCO)

Private Company Website address: www.qafco.com Headquarters: Mesaieed Industrial City, Qatar Facilities located in: Qatar 1,402
(6)
Saudi Basic Industries Corporation (SABIC)

Public company, traded on the Tadawul, ticker symbol:2010 FY2009 EBITDA: $7,887.0 Website address: www.sabic.com Headquarters: Riyadh, Saudi Arabia Facilities located in: Saudi Arabia
(1) (2) (3) (4) (5) (6) Source:
Arab Potash Co.s capacity includes their subsidiary Kemira Arab Potash Company Ltd. (KEMAPCO). The major stock exchange is listed, some are listed on multiple exchanges. ICLs annual phosphate capacity includes their subsidiary Fertilizers and Chemicals Ltd. ICLs annual potash capacity includes their subsidiary Cleveland Potash Ltd. OCPs annual capacity includes their interests in Bunge-Maroc (50%), Imacid (50%), Pakistan Maroc Phosphore (50%), Prayon S.A. (50%). SABICs annual capacity includes their interests in Al-Jubail Fertilizers Company (50%), National Chemical Fertilizer Company (71.50%), Gulf Petrochemical Industries Co. (33.33%) and Saudi Arabic Fertilizer Company (42.99%). Company Websites. www.CapitalIQ.com, a division of Standard & Poors. IFDC Worldwide Ammonia Capacities, June 2010. IFDC Worldwide Phosphoric Acid Capacities, June 2010. IFDC Worldwide Potash Capacities, June 2010.
77
Agrium
Agricultural Statistics Crop Production - Africa(1)

Area Harvested
(millions ha)
Yield
(tonnes/ha)
Production
(millions tonnes)
Cocoa Beans
2008 2007 2006 2005 2004 2003 2002 2001 2000 5.47 5.68 5.96 5.89 5.80 5.14 4.64 4.65 5.05 0.53 0.50 0.49 0.48 0.48 0.48 0.46 0.45 0.47 2.90 2.82 2.90 2.84 2.79 2.44 2.14 2.11 2.35
Corn
2008 2007 2006 2005 2004 2003 2002 2001 2000 29.15 27.96 28.32 16.83 27.64 28.28 25.36 23.91 24.29 1.82 1.71 1.74 3.03 1.73 1.61 1.76 1.73 1.82 53.20 47.74 49.20 50.98 47.94 45.53 44.75 41.36 44.28
Millet
2008 2007 2006 2005 2004 2003 2002 2001 2000 22.42 21.33 21.32 20.51 18.66 20.54 19.86 18.90 19.60 0.90 0.82 0.83 0.81 0.75 0.76 0.69 0.71 0.65 20.13 17.50 17.59 16.67 14.03 15.55 13.78 13.47 12.73
Sorghum
2008 2007 2006 2005 2004 2003 2002 2001 2000
(1)
27.51 29.50 29.71 29.06 22.26 25.43 22.86 23.68 21.26
0.94 0.88 0.90 0.87 0.94 0.91 0.87 0.88 0.87
25.79 26.07 26.70 25.15 21.04 23.16 19.86 20.88 18.41
Source:
Africa includes Eastern, Western, Middle, Northern and Southern Africa. Eastern Africa: Burundi, Comoros, Djibouti, Eritrea, Ethiopia PDR, Kenya, Madagascar, Malawi, Mauritius, Mayotte, Mozambique, Reunion, Rwanda, Seychelles, Somalia, Uganda, United Republic of Tanzania, Zambia and Zimbabwe. Middle Africa: Angola, Cameroon, Central African Republic, Chad, Congo, Democratic Republic of the Congo, Equatorial Guinea, Gabon, Sao Tome and Principe. Northern Africa: Algeria, Egypt, Libyan Arab Jamahiriya, Morocco, Sudan, Tunisia, Western Sahara. Southern Africa: Botswana, Lesotho, Namibia, South Africa, Swaziland. Western Africa: Benin, Burkina Faso, Cape Verde, Cote dIvoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Saint Helena, Senegal, Sierra Leone, Togo. FAO Website Crop Production Statistics, updated December 2009.
78
Agrium
Agricultural Statistics Crop Production - Middle East (West Asia)(1)

Area Harvested
(millions ha)
Yield
(tonnes/ha)
Production
(millions tonnes)
Barley
2008 2007 2006 2005 2004 2003 2002 2001 2000 5.66 6.27 6.39 6.49 6.27 6.14 6.57 6.60 6.39 1.49 1.55 1.93 1.82 1.78 1.77 1.69 1.66 1.43 8.43 9.71 12.40 11.80 11.10 10.90 11.10 10.99 9.14
Corn
2008 2007 2006 2005 2004 2003 2002 2001 2000 1.04 0.96 0.96 1.12 1.07 0.99 0.93 0.98 0.95 5.44 5.07 5.22 4.98 4.11 4.08 3.51 3.28 3.31 5.64 4.89 5.03 5.59 4.39 4.04 3.28 3.21 3.13
Olives
2008 2007 2006 2005 2004 2003 2002 2001 2000 1.56 1.46 1.47 1.34 1.42 1.38 1.36 1.33 1.31 1.68 1.34 2.39 1.55 2.21 1.30 2.41 1.08 2.37 2.62 1.96 3.51 2.08 3.13 1.79 3.28 1.44 3.11
Wheat
2008 2007 2006 2005 2004 2003 2002 2001 2000 12.92 13.37 13.27 15.28 14.27 14.22 14.29 13.73 13.62 2.25 2.12 2.55 2.20 2.29 2.20 2.24 2.13 2.07 29.03 28.34 33.85 33.58 32.67 31.24 32.03 29.29 28.14
(1) Source:
Western Asia: Armenia, Azerbaijan, Bahrain, Cyprus, Gaza Strip (Palestine), Georgia, Iraq, Israel, Jordan, Kuwait, Lebanon, Occupied Palestinian Territory, Oman, Qatar, Saudi Arabia, Syrian Arab Republic, Turkey, United Arab Emirates, West Bank Yemen. FAO Website, Crops Production, updated December 2009.
79
Agrium
Fertilizer Statistics Fertilizer Consumption in Africa and the Middle East - Top Five Countries
Year
Total
Egypt
2009 2008 2007 2006 2005 2004 2003 2002 2,906 2,686 2,541 1,745 1,282 1,290 1,335 1,267 211 229 244 220 245 238 144 153 35 44 52 46 41 40 46 48 3,152 2,959 2,837 2,011 1,568 1,568 1,525 1,468
Iran
2009 2008 2007 2006 2005 2004 2003 2002 1,436 1,200 1,028 741 858 909 970 740 385 414 440 557 419 452 350 306 95 120 170 170 165 159 136 102 1,916 1,734 1,638 1,468 1,427 1,718 2,109 1,148
Saudi Arabia
2009 2008 2007 2006 2005 2004 2003 2002 1,564 1,815 1,959 1,535 1,101 1,057 1,068 1,063 127 136 145 116 149 130 147 134 22 25 23 23 22 23 22 22 1,713 1,976 2,127 1,674 1,272 1,210 1,237 1,219
Oman
2009 2008 2007 2006 2005 2004 2003 2002 1,172 909 908 789 420 3 1 0 1 1 1 0 1 1 1 2 1,173 910 909 789 421 4 2 2
Qatar
2009 2008 2007 2006 2005 2004 2003 2002 1,391 1,419 1,381 1,319 1,121 843 670 654 0 0 0 0 0 0 1 0 1,391 1,419 1,381 1,319 1,121 843 671 654
Source:
80
Agrium
Global
81
Agrium
Agrium Going Global
North America Wholesale 10 Production Facilities; 3 Mines; Extensive Distribution and Storage Network Retail Over 900 Retail Centers under the name of Crop Production Services (CPS) and Crop Production Services Canada Agrium Advanced Technologies 7 Production Facilities; Product Innovation Facility; Extensive Distribution and Storage Network
South America Wholesale Profertil S.A. is 50 percent owned by Agrium Inc. and 50 percent owned by Repsol YPF, S.A. in Argentina Retail 53 Retail Centers under the name Agroservicios Pampeanos (ASP) in Argentina, Chile and Uruguay
Europe Wholesale Agrium Europe (formerly Common Market Fertilizers S.A. (CMF))
Asia and parts of the Pacic Rim Agrium Advanced Technologies 19.5 percent equity position in the specialty fertilizer company, Hanfeng Evergreen Inc. (Hanfeng) in China Africa and the Middle East Wholesale 26 percent interest in MISR Fertilizers Production Company S.A.E. (MOPCO) in Egypt Acquisition of AWB Limited Including over 400 retail locations in Australia and New Zealand
82
Agrium
Agricultural Statistics Global Total Grains Supply/Demand

(million metric tonnes)
Year 2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 2002/03 2001/02 2000/01
Output 2,183 2,229 2,241 2,122 2,005 2,019 2,043 1,858 1,816 1,870 1,840
Total Supply 2,673 2,680 2,610 2,463 2,393 2,423 2,401 2,302 2,352 2,414 2,402
Trade 276 284 286 276 260 253 241 241 241 239 233
Total Use 2,240 2,190 2,160 2,101 2,053 2,033 1,994 1,947 1,910 1,900 1,860
Ending Stocks 432 490 451 363 340 390 408 354 442 514 542
Stocks To Use Ratio 19% 22% 21% 17% 17% 19% 20% 18% 23% 27% 29%
(e) (p) Source:
83
Agrium
Agricultural Statistics Crop Cycles: Growing Seasons for Key Global Regions
Seeding Months Harvest Months
Corn
United States S. China Brazil April-May February-April 1st Crop October-December 2nd Crop January-February October-December March-May October-November July-August February-June June-September March-June September-November
Argentina Western Europe
Wheat
United States - Winter United States - Spring Canada - Spring China - Winter Argentina - Winter Australia September-October April-May May-June September-October June-August May-July June-August July-September August-October May-June November-January October-December
Soybeans
United States Brazil Argentina Canada May-June 1st Crop October-December 2nd Crop-April-May 1st Crop November-January 2nd Crop December-January May-June October-November March-May August-September April-May May-June September-November
Rice
United States India China April-May May-August (Kharif) November-February (Rabi) April-May (single crop) March-April (double crop-early) June-July (double crop-late) November-December (center-south) January-February (north and northeast) September-October October-January March-May August-September June-July October-November February-May June-August
Brazil
Source:
USDA FAS.
84
Agrium
Fertilizer Statistics Fertilizer Consumption by Region Forecasted Consumption 2010

(000 metric nutrient tonnes) (Does not include industrial use)
Region
(1)
N 7,891 2,629 3,940 13,338 6,427 3,064 3,163 20,228 41,989 1,211 103,880
P(2) 1,734 675 982 4,441 4,909 1,099 1,271 8,520 13,872 1,053 38,557
K 1,917 682 1,187 4,149 4,422 455 320 3,990 9,193 279 26,595
NPK 11,542 3,986 6,110 21,929 15,759 4,619 4,754 32,738 65,054 2,543 169,034
% share of world consumption NPK 7% 2% 4% 13% 9% 3% 3% 19% 38% 2% 100%
Western Europe Central Europe Eastern Europe and Central Asia North America Latin and the Caribbean Africa West Asia South Asia East Asia Oceania World
(1) Source:
See Constants and Conversions for IFA Regional Classification. IFA Medium-Term Outlook for World Agriculture and Fertilizer Demand 2009/2010-2014/2015.
85
Agrium
Fertilizer Statistics Fertilizer Consumption by Country Consumption Estimated 2009/10 - Top Ten
Rank 1 2 3 4 5 6 7 8 9 10
N China India USA Pakistan Indonesia Brazil France Canada Germany Russian FED. 33,500 15,565 11,300 3,052 2,700 2,424 2,200 1,900 1,600 1,450 75,691 100,639
P China India USA Brazil Pakistan Australia Canada Russian FED. Turkey Iran P P 11,000 7,030 3,400 3,193 850 625 590 530 514 430 28,162 35,367
K China Brazil USA India Indonesia Malaysia Russian FED. France U.K. Spain K K 4,500 3,481 3,200 3,000 800 750 340 300 290 190 16,851 22,011
Total NPK China India USA Brazil Pakistan Indonesia France Canada Russian FED. Germany NPK NPK 49,000 25,595 17,900 9,098 3,930 3,900 2,800 2,670 2,320 1,910 119,123 158,017
Top 10 N World N
Source:
IFA Short-Term Prospects for World Agriculture and Fertilizer Demand 2008/09-2010/11.
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Fertilizer Statistics Fertilizer Production by Region Capacity Estimated 2010

Region(1) West Europe Central Europe East Europe and Central Asia North America Latin America Africa West Asia South Asia East Asia Oceania World
N 9,942 6,396 21,581 13,154 9,130 5,942 12,160 16,496 62,242 1,624 158,667
(2)
K 5,590 12,315 16,455 1,600 3,665 3,327 42,952
NPK 16,427 7,418 38,402 39,470 13,086 13,635 18,070 18,646 82,011 2,224 249,389
% share of world capacity NPK 7% 3% 15% 16% 5% 5% 7% 7% 33% 1% 100%
895 1,022 4,506 9,861 2,356 7,693 2,245 2,150 16,442 600 47,770
(1) (2) Source:
See Constants and Conversions for IFA Regional Classifications. Phosphate consumption estimate excludes non phosphoric acid based products, which include SSP, FMP, direct application phosphate rock, and compound NP and NPK. IFA Global Fertilizers and Raw Materials Supply and Supply /Demand Balances 2010-2014, June 2010.
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Fertilizer Statistics Global Fertilizer Capacity by Country Countries Estimated 2009/10 - Top Ten
Rank 1 2 3 4 5 6 7 8 9 10
N China India Russia United States Indonesia Ukraine 38,575 11,988 11,655 9,156 5,319 5,191 Trinidad and Tobago 4,990 Canada 4,348 Egypt 3,787 Iran 3,157 98,166 145,206
P(1) United States China Morocco Russia India Tunisia Brazil South Africa Ukraine Jordan P P 9,616 9,289 4,815 2,770 1,817 1,585 1,525 1,185 809 676 34,087 46,042
K Canada Russia Belarus Germany China United States Israel Jordan Ukraine Chile K K 18,740 6,500 5,465 4,250 3,981 2,639 2,570 1,966 1,138 946 48,195 50,461
Total NPK 60,313 23,433 20,925 21,411 13,805 7,138 7,548 6,754 5,519 Trinidad and Tobago 6,085 NPK NPK 172,932 241,709 China Canada Russia United States India Ukraine Germany Belarus Indonesia
Top 10 N World N
Source:
IFDC Worldwide Ammonia Capacity by Plant, June 2010. IFDC Worldwide Potash Capacity Listing by Plant, June 2010. IFDC Worldwide Phosphoric Acid Capacity Listing by Plant, June 2010.
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Fertilizer Statistics Global Nutrient Trade Data: Imports and Exports

(000 metric nutrient tonnes per year of nitrogen)
Urea
(1)
Total Exports Rank 1 2 3 4 5 6 7 8 9 Exporting Regions West Asia Russia China Egypt Latin America Ukraine Other Asia and Oceania Canada United States 2009 4,532 2,158 1,554 1,553 1,051 826 788 782 155 13,400 2008 4,823 1,921 2,169 1,025 845 1,437 557 694 139 13,609 2007 4,694 2,127 2,698 1,065 930 1,562 800 785 145 14,805 Primary Destination India Mexico Bangledash France United States Turkey Thailand United States Canada
Total World
Total Imports Rank 1 2 3 4 5 6 7 8 9 10 Imports United States India Brazil Mexico Pakistan Bangladesh Turkey Italy South Africa France 2009 2,157 1,991 768 753 476 475 394 303 281 253 7,852 13,400 2008 2,304 2,781 831 516 229 295 593 193 296 272 8,308 13,609 2007 2,675 2,991 993 680 77 309 545 313 314 298 9,196 14,805 Primary Source Canada West Asia Russia Russia West Asia China Russia Egypt West Asia Egypt
Total Top Ten Total World
(1) (2) (3) Source:
Some exports and imports are listed as regions due to IFA aggregate reporting . Data for Argentina includes Profertil only. Data for Oman includes Omifco only. Data for Bangladesh includes Qafco only. IFA Urea Statistics January-December 2009, March 2010. Regional Sections: Latin America: Trinidad, Argentina(1), Brazil, Mexico, Venezuela. West Asia: Abu Dhabi, Bahrain, Kuwait, Oman(2), Qatar, Saudi Arabia. Other Asia and Oceania: Bangladesh(3), Malaysia, Indonesia. 89 Agrium 2010-2011 Agrium Fact Book

(000 metric nutrient tonnes per year of nitrogen)
Ammonia
(1)
Total Exports Rank 1 2 3 4 5 6 7 8 9 10 Exporting Regions Trinidad Russia West Asia Indonesia Other Asia and Oceania Canada Egypt Other Latin America Ukraine United States 2009 3,944 2,834 2,281 1,047 858 783 377 349 253 20 12,745 2008 3,753 3,064 2,078 1,023 720 1,001 r 112 r 399 r 1,146 191 13,488 2007 3,964 2,947 1,902 1,158 r 1,025 804 94 369 r 1,193 94 13,548 Primary Destination United States United States India Korea Republic Korea Republic United States United States United States United States Canada
Total World
Total Imports Rank 1 2 3 4 5 6 7 8 9 10 Imports United States India Korea Rep. Taiwan, China Turkey Belgium Lithuania Morocco Thailand Brazil 2009 4,603 1,575 880 568 558 429 328 319 290 285 9,833 12,745 2008 6,080 1,073 846 589 508 538 142 255 234 218 10,484 13,488 2007 6,303 1,446 890 612 492 398 91 145 226 258 10,859 13,548 Primary Source Trinidad West Asia Indonesia Indonesia Russia Russia Russia Russia Other Asia and Oceania Trinidad
r (1) (2) (3) Source:
revised figure Some exports and imports are listed as regions due to IFA aggregate reporting. Data For Argentina includes Profertil only. Data for Oman includes Omifico only. Data for Bangladesh includes Qafco only. IFA Ammonia Statistics January-December 2009, March 2010. Other Latin America: Argentina (1), Brazil, Mexico, Venezuela West Asia: Abu Dhabi, Bahrain, Iran, Kuwait, Oman (2), Qatar, Saudi Arabia Other Asia and Oceania: Bangladesh(3), Korea Republic, Malaysia, Australia. 2010-2011 Agrium Fact Book
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Agrium

(000 metric nutrient tonnes per year of phosphate)
MAP and DAP
(1)
Total Exports Rank 1 2 3 4 5 6 Exports United States Africa Russia China Europe, Other Asia, and Oceania West Asia 2009 3,131 1,387 1,391 1,182 316 358 8,184 2008 2,578 860 1,376 843 251 354 6,599 2007 2,871 1,242 1,632 1,797 205 371 8,504 Primary Destination India Brazil India India Pakistan India
Total World
Total Imports Rank 1 2 3 4 5 6 7 8 9 10 Imports India Brazil Vietnam Pakistan China Australia Canada Argentina Turkey Ethiopia 2009 2,982 586 421 374 324 271 246 243 235 228 5,910 8,184 2008 2,620 726 142 164 44 317 260 243 96 130 4,742 6,599 2007 1,328 1,280 350 645 172 331 384 558 162 117 5,325 8,504 Primary Source United States United States China Europe, Other Asia and Oceania United States United States United States Africa Africa Russia
(1)
Source:
Some exports and imports are listed as regions due to IFA aggregate reporting. Listed as regions and countries: West Asia: Israel, Jordan, Saudi Arabia, Turkey Africa: Morocco, Senegal, South Africa, Tunisia Other Europe and Oceania: Bulgaria, Finland, Lithuania Spain, Korea Rep, Philippines, Australia IFA Processed Phosphate Statistics 2009, March 2010.
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Agrium

(000 metric nutrient tonnes per year of potassium)
Potash
Total Exports Rank 1 2 3 4 5 6 7 8 9 10 Exports Canada Russia Belarus (1) Germany Israel Jordan Chile Belgium Spain U.K. 2009
(2)
2008
(2)
2007 10,422 5,402 4,391 3,033 2,052 1,005 35 331 221 26,891 27,015
Primary Destination United States India India Brazil India India Belgium Iran Brazil Brazil
3,777 2,684 1,747 1,424 1,199 556 270 247 201 121 12,226 12,610
10,084 5,051 3,790 2,745 1,931 1,043 102 0 222 186 25,154 26,029
Total Imports Rank 1 2 3 4 5 6 7 8 9 10 Imports India Brazil United States China PR Indonesia Malaysia Belgium Vietnam Korea (South) Japan 2009
(2)
2008 2,926 4,101 4,656 3,237 1,144 1,086 641 436 410 542 19,179 26,029
2007 2,360 4,266 4,710 5,585 912 1,060 567 388 318 401 20,566 27,016
Primary Source Russia Belarus Canada Russia Canada Canada Chile Belarus Canada Canada
3,298 2,305 1,780 705 537 371 276 226 197 197 9,892 12,610
(1) (2) Source:
Germany production includes other forms of primary potash, whereas other countries production is in the form of potassium chloride. 2008 and 2009 statistics are taken from Fertecon Potash Outlook, June 2009 and July 2010 due to the change to aggregate reporting by IFA. Fertecon, Potash Outlook, July 2010. IFA Potash Statistics 2007, March 2008. 2010-2011 Agrium Fact Book
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Fertilizer Statistics Global NPK Consumption

(Does not include industrial use) (000 metric nutrient tonnes per year)
2010/ 2011 N Growth P Growth K Growth 104,374 1.90% 38,854 4.47% 27,143 18.42%
2009/ 2010 102,428 3.14%
2008/ 2009 99,305 -1.83%
2007/ 2008 101,155 5.22% 38,449 -1.28%
2006/ 2007 96,136 3.15% 38,946 6.08%
2005/ 2006 93,196 2.97% 36,713 -2.11% 35,846 29.62%
2004/ 2005 90,503 3.32% 37,505 7.05% 27,654 5.76%
2003/ 2004 87,591 1.78% 35,035 3.86% 26,148 11.76%
2002/ 2003 86,059 3.95% 33,734 1.17% 23,398 2.37%
2001/ 2002 82,789 0.88% 33,344 1.62% 22,855 3.44%
2000/ 2001 82,070 -3.35% 32,812 -1.43% 22,095 0.52%
37,191 34,175 8.83% -11.12% 22,921 23,203 -1.22% -19.70%
28,896 27,635 4.56% -22.91%
Source:
IFA Medium-Term Outlook for World Agriculture and Fertilizer Demand 2008/09-2013/14.
Growth in Global Fertilizer Consumption
120,000 Millions of nutrient tonnes 100,000 80,000 60,000 40,000 20,000 0 N P Nutrient Type 2001/2002 2010/2011 K
Source:
IFA Medium-Term Outlook for World Agriculture and Fertilizer Demand 2009/10-2014/15-June 2010.
93
Agrium
Fertilizer Statistics 2010 Global Nitrogenous Fertilizer Supply/Demand Balance

Region
(1)
Capacity 9,942 6,396 21,581 13,154 9,130 5,942 12,160 16,496 62,242 1,624 158,667
Production Capability 9,335 4,979 18,353 11,708 8,361 5,112 10,265 14,874 50,206 1,558 134,751
Non Fertilizer Use 4,576 745 1,496 3,984 1,168 443 430 452 9,038 658 22,990
Fertilizer Demand 7,891 2,629 3,940 13,338 6,427 3,064 3,163 20,228 41,989 1,211 103,880
Total (2) Demand 12,779 3,458 5,572 17,755 7,785 3,595 3,683 21,197 53,302 1,916 130,041
West Europe Central Europe East Europe and Central Asia North America Latin America Africa West Asia South Asia East Asia Oceania World
(1) (2) Source:
See Constants and Conversions for IFA Regional Classifications. Includes Distribution loss, W. Europe=312, C. Europe=84, E. Europe and C. Asia=136, N. America=433, LAM=190, Africa=88, W. Asia=90, S. Asia=517, E. Asia=1,276, Oceania=47, World=3,172. IFA Global Fertilizers and Raw Materials Supply and Supply/Demand Balances 2010-2014, June 2010.
2010 Global Urea Supply/Demand Balance

Region
(1)
Capacity 5,438 5,165 14,966 10,916 6,694 6,475 17,880 30,848 80,188 490 179,062
Production Capability 4,997 3,694 13,114 10,035 5,530 5,804 15,153 29,592 67,164 525 155,608
Non Fertilizer Use 3,891 697 637 1,737 727 187 457 391 8,543 243 17,510
Fertilizer Demand 3,774 1,943 2,484 12,526 7,824 3,997 4,744 38,258 56,411 1,738 133,698
Total Demand 7,665 2,640 3,121 14,263 8,551 1,620 5,201 38,649 64,954 1,981 151,209
(1) Source:
See Constants and Conversions for IFA Regional Classifications. IFA Global Fertilizers and Raw Materials Supply and Supply/Demand Balances 2010-2014.
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Fertilizer Statistics 2010 Global Phosphoric Acid Supply/Demand Balance

(000 metric nutrient tonnes per year of phosphate)
Region
(1)
Capacity 895 1,022 4,506 9,861 2,356 7,693 2,245 2,150 16,442 600 47,700
Production Capability 636 546 3,252 9,249 2,129 6,741 1,636 1,465 13,429 480 39,561
Non Fertilizer Use 709 36 240 945 949 574 394 110 1,498 23 5,478
Fertilizer Demand 1,491 543 638 4,441 4,124 929 1,157 7,412 10,018 600 31,353
Total (2) Demand 2,244 591 896 5,494 5,175 1,532 1,581 7,673 11,746 635 37,567
(1) (2) Source:
See Constants and Conversions for IFA Regional Classifications. Includes Distribution loss W. Europe=44, C. Europe=12, E. Europe and C. Asia=18, N. America=108, LAM=101, Africa=30, W. Asia=31, S. Asia=150, E. Asia=230, Oceania=12, World=737. IFA Global Fertilizers and Raw Materials Supply and Supply/Demand Balances 2010-2014.
2010 Global Potash Supply/Demand Balance

(000 metric nutrient tonnes per year of potash)
Region
(1)
Capacity 5,590 12,315 16,455 1,600 3,665 3,327 42,952
Production Capability 4,651 11,629 14,058 1,469 3,422 2,807 38,036
Non Fertilizer Use 350 23 35 875 45 65 70 15 950 2,428
Fertilizer Demand 1,917 682 1,187 4,149 4,422 455 320 3,990 9,193 279 26,594
Total (2) Demand 2,335 726 1,259 5,125 4,556 530 398 4,125 10,549 285 29,888
(1) (2) Source:
See Constants and Conversions for IFA Regional Classifications. Includes Distribution loss W. Europe=68, C. Europe=21, E. Europe and C. Asia=37, N. America=100, LAM=89, Africa=10, W. Asia=8, S. Asia=120, E. Asia=406, Oceania=6, World=865. IFA Global Fertilizers and Raw Materials Supply and Supply/Demand Balances 2010-2014.
95
Agrium
Fertilizer Statistics International Fertilizer Prices - Historical
1200
1000
US$/metric tonne
800
600
400
200
0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 (Jan - Oct)
Ammonia, Black Sea f ob DAP, Tampa f ob
Granular Urea, West Asia (WAS) f ob Potash, Vancouver fob
(e) (1) Source:
estimated 1996-2009 Arab Gulf prices an average of granular and prill. Blue, Johnson and Associates Inc., The Sheet October 2010.
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Agrium
Fertilizer Statistics Global Population vs. Global Fertilizer Consumption
Fertilizer Consumption (million tonnes of N+P+K)
8.00 7.00 Population (billions) 6.00 5.00 4.00 3.00 2.00 1.00 0.00
250 200 150 100 50 0
1960 China India
1970
1980
1990
2000
2010 (p)
Developing Countries (excl. China and India) Developed Countries/Regions Global Fertilizer Consumption
(p) Source:
projected IFA Medium-Term Outlook for World Agriculture and Fertilizer Demand 2009/10-2014/15 and World Bank
97
Agrium
United States Ethanol Facts

2010/11(p) 2009/10(e) 2008/09 2007/08 2006/07 2005/06 2004/05 2003/04 United States Ethanol Production
(billion gallons)
13.1 4.7
11.9 4.6
10.0 3.7
8.3 3.0
4.9 2.1
4.5 1.6
3.8 1.3
3.4 1.2
Corn Use for Ethanol

(billion bu)
United States corn use for ethanol as a percentage of total use
34.9%
34.9%
30.9%
23.8%
19.0%
14.3%
12.4%
11.4%
2010/11 40% Feed Use 15% Exports 10% Food and Seed 35% Ethanol
One bushel of corn yields approximately 2.8 gallons of ethanol. The key variables in determining ethanol plant profitability include ethanol and dried distillers grains and solubles (DDGS) prices for revenue corn, and natural gas prices for costs. As of August 2010, there were 204 ethanol plants operating in the United States, another 11 are currently under construction or are undergoing an expansion. Ethanol represents the second largest and fastest growing market for domestically produced corn, coming after livestock feed.
United States Biodiesel Facts

Approximately 15 percent of all soybean oil produced in the United States is used as biodiesel. An acre of soybeans can produce about 63 gallons of biodiesel. An acre of canola can produced about 80 gallons. An acre of palm oil can produce about 8-9 times more biodiesel than an acre of soybeans. It takes 7.35 pounds of soyoil to make a gallon of biodiesel. One bushel of soybean yields approximately 11.5 pounds of soyoil.
(e) (p) Source:
estimated projected USDA WASDE Report, Doanes, Renewable Fuels Association, Market Research Analyst, FAPRI Agricultural Outlook.
98
Agrium
Constants & Conversions
99
Agrium
Fertilizer Production Process Nitrogen Fertilizer
Phosphate Fertilizer
100 Agrium
Fertilizer Production Process Potassium Fertilizer
Underground Sources

Usually deep deposits - first step is to mine the ore and get it to the surface Manufacturing process (remove unwanted minerals) - clays, NaCl, MgCl2, de-sliming and froth flotation Sizing and granulation - made into final product
Potassium Rock Sources

Sylvinite is composed of a mixture of KCl and NaCl crystals, 20-40% K2O (Saskatchewan mines) Sylvite is extracted from Sylvinite and is composed of primarily KCl, 63% K2O Langebeinite is composed primarily of K2SO4 and MgSO4, 23% K2O
Common Potassium Fertilizers

Potassium Chloride (KCl) muriate of potash (MOP), 0-0-60 to 62 (accounts for 90% of potash sales in North America) Potassium Sulphate (K2SO4) or sulfate of potash, 0-0-50-18S Sulphate of Potash-Magnesia (K2SO4 - 2MgSO4) or K-Mag, 0-0-22-22S-11 Mg Potassium Nitrate (KNO3) 13-0-44 often used in foliar sprays
101 Agrium
Raw Material Requirements Ammonia (NH3)
The production of 1 tonne of ammonia requires: 32 - 38 mmBtu natural gas or 0.9 tonnes naphtha or 1.05 tonnes fuel oil or 1.90 tonnes coal or 8,000 - 12,000 kWh (electrolysis)
Nitric Acid (HNO3)
The production of 1 tonne of 100% HN03 requires: 0.29 tonnes ammonia
Ammonium Nitrate (34% N)

The production of 1 tonne of 34% N ammonium nitrate requires: 0.436 tonnes of total ammonia 0.21 tonnes ammonia 0.78 tonnes of 100% HNO3 (0.226 tonne of ammonia)
Urea
The production of 1 tonne of urea requires: 0.58 tonnes of ammonia 0.76 tonnes of carbon dioxide
UAN
The production of 1 tonne of UAN requires: 28-0-0 Solution 0.386 tonnes of 34-0-0 0.310 tonnes of 46-0-0
32-0-0 Solution
0.443 tonnes of 34-0-0 0.354 tonnes of 46-0-0
Sulphuric Acid (H2SO4)
The production of 1 tonne of 100% H2SO4 requires: 0.76 tonnes pyrites (48% S) or 0.33 tonnes sulphur
102 Agrium
Raw Material Requirements Ammonium Sulphate

The production of 1 tonne of ammonium sulphate requires: 0.26 tonnes ammonia 0.75 tonnes sulphuric acid
Phosphoric Acid (H3PO4) (Wet Process)
The production of 1 tonne of 100% P2O5 as H3PO4 requires: (1) 3.6 tonnes phosphate rock 63% BPL 2.8 tonnes 100% H2SO4 or 2.3 tonnes 100% HCI
Phosphoric Acid (Thermal Process)

The production of 1 tonne of 100% P2O5 requires: (1) 3.9 tonnes of phosphate rock 63% BPL 1.3 tonnes of silica 0.60 tonnes of coke 13,000 - 15,000 kWh electricity
Superphosphate
The production of 1 tonne of 20% P2O5 single superphosphate requires: (1) 0.71 tonnes of phosphate rock 63% BPL 0.37 tonnes of 100% H2SO4
Triple Superphosphate
The production of 1 tonne of 46% P2O5 triple superphosphate requires: 0.43 tonnes of phosphate rock 63% BPL(1) 0.85 tonnes of 40% P2O5 phosphoric acid (0.34 tonne P2O5)
Monoammonium Phosphate
The production of 1 tonne of monoammonium phosphate (11-53-0) requires: 0.128 tonnes of ammonia (1) 1.91 tonnes of phosphate rock at 63% BPL 0.475 tonnes of sulphur 1.35 tonnes of 40% P2O5 phosphoric acid (0.54 tonne P2O5)
Diammonium Phosphate
The production of 1 tonne of diammonium phosphate (18-46-0) requires: 0.219 tonnes of ammonia (1) 1.72 tonnes of phosphate rock at 63% BPL 0.427 tonnes of sulphur 1.175 tonnes of phosphoric acid (0.470 tonne P2O5)
(1)
63% BPL = 29% P2O5.
103 Agrium
Fertilizer Minerals Sulphur Minerals

Iron pyrites Pyrrhotite Gypsum Anhydrite FeS2 Fe6S7 CaSO4.2H2O CaSO4 %S 40-53 40 19 24 %K2O 63 35 17 19 23 16 11 % P205 46 42 41 42
Potash Minerals/Ores
Sylvite Sylvinite Carnallite Kainite Langbeinite Polyhalite Alunite KCl KCl.NaCl KCl.MgCl2.6H20 KCl.MgSO4.3H2O K2SO4.2MgSO4 K2S4.MgSO4.2CaSO4.H2O K2SO4.Al2(SO4)34Al(OH)3
Phosphate Rock
Tricalcium phosphate Fluorapatite Carbonate apatite Hydroxyapatite Ca3(PO4)2 Ca10(PO4)6F2 Ca10(PO4)6CO3 Ca10(PO4)6(OH)2
104 Agrium
Product Analysis
%N Ammonia, anhydrous Ammonia, aqua Ammonium chloride Ammonium nitrate Ammonium phosphate sulphate Ammonium sulphate Ammonium polyphosphate solution Monoammonium phosphate Diammonium phosphate Nitric acid (100%) Nitric acid (60%) Sodium nitrate Urea Urea ammonium nitrate solutions Urea ammonium phosphate 82 20.5-28 25-26 34.5 16 21 10 11 12 18 22.2 13 16 46 28-32 34 33 29 20.5-28 11.9-15.5 0 0 0 0 0 0 0 0 0 0 0 13 0 % PO
2 5
% KO
2
Calcium ammonium nitrate Calcium nitrate Dicalcium phosphate anhydrous Dicalcium phosphate dihydrate Single superphosphate Triple superphosphate Deflourinated phosphate Fused magnesium phosphate Phosphoric acid 100% Phosphoric acid merchant grade Superphosphoric acid Muriate of potash Potassium sulphate Potassium nitrate Potassium magnesium sulphate
0 0 0 0 20 0 34 52 51 46 0 0 0 0 0 17 20 29 0 0 52.2 41.3 16-22 44-48 37 19-20 74.2 54 70 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60 50-54 44 21.9
(Florida/PNW Redwater) (Redwater) (Common)
(Cdn. Common 28%)
105 Agrium
General Conversion Factors

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Acre Acre Acre Atmosphere Atmosphere Barrel (oil) Cubic foot Cubic foot Cubic foot Cubic foot Cubic foot Cubic meter Cubic meter Cubic meter Cubic meter Cubic meter Degree Fahrenheit Degree Centigrade Dollar/metric ton Dollar/short ton Gallon, Imperial Gallon, Imperial Gallon, US Grain/gallon Grain Sq. foot Sq. meter Sq. meter Sq. mile Sq. mile Ton, long Ton, long Ton, long Ton, long Ton, long/acre Ton, long/sq. ft. Ton, long/sq. inch Ton, metric Ton, metric Ton, metric Ton, metric/hectare Ton, metric/hectare Ton, short Ton, short Ton, short/acre Ton, Brit Shipping Ton, US Shipping Yard = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = 0.4048 4.048 x 10-3 43,560 14.696 1.033 42 2.8317 x 10-2 6.2291 7.4805 28.3170 0.025 1.308 220 265 6.289
3.5830 x 10
11
(F 32) x 0.556 (C x 1.8) + 32 0.90719 1.1023 1.201 4.5461 3.7853 17.12 2.205 x 10 9.29 x 10-6 10.764 1.196 259.00 2.590 1016.05 2,240 1.0161 1.120 2.511 1.0937 x 10-4 1.575 2,204.6 0.9842 1.102 0.3982 0.4460 907.19 2,000 2.242 1.050 40.0 0.9144
-3
Hectares Sq. kilometers Sq. feet Pounds/sq. inch Kilograms/sq. centimeter Gallons, US Cubic meter Gallons, Imperial Gallons, US Liters Tons, US Shipping Cubic yards Gallons, Imperial Gallons, US Barrels (oil) mmBtu Degree Centigrade Degree Fahrenheit Dollars/short ton Dollars/metric ton Gallons, US Liters Liters Parts/million Pounds Hectares Sq. feet Sq. yards Hectares Sq. kilometers Kilograms Pounds Tonnes Tons, short Tonnes/hectare Kilograms/sq. meter Kilograms/sq. mm Pounds L. tons S. tons L. tons/acre S. tons/acre Kilograms Pounds Tonnes/hectare Tons, US Shipping Cubic Feet Meters
106 Agrium
Energy Conversion Factors

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Btu Btu Btu/cu. ft. Million Btu Million Btu GJ Million Btu/tonne Million Btu/short ton Million Btu/long ton Calorie Horsepower hr Million kcal/tonne Million kcal/tonne KWh KWh KWh KWh KWh kWh/tonne kWh/short ton mcm = = = = = = = = = = = = = = = = = = = = = 0.252 2.931 x 10-4 8.90 1.055 0.9649 0.9145 0.90719 0.2777 0.248 4.186 0.746 4.033 3.601 3.411 859.6 1.34 2.4 3.0 0.90719 1.1023 36.59 kcal KWh kcal/m3 GJ Mcf Mcf Million Btu/short ton Million kcal/tonne Million kcal/tonne Joules KWh Million Btu/l. ton Million Btu/s. ton MBtu kcal Horsepower hrs lb HP steam (42 atm) lb HP steam (3 atm) kWh/short ton kWh/tonne mmBtu at heat of 1,036.4 Btu/cf
107 Agrium
Other Constants and Conversions Factors Calorific Values

Natural gas LNG LPG Naphtha Fuel oil Coal Methanol Hydrogen 900-1,100 Btu/ft 49-53 mmBtu/tonne 46 mmBtu/tonne 44 mmBtu/tonne 40 mmBtu/tonne 20-30 mmBtu/tonne 21 mmBtu/tonne 113 mmBtu/tonne
3
Nutrient Factors
To Convert P2O5 BPL KCl K2O (K) Florida Rock: Polk County Mardee County To BPL P2O7 K2O KCl = = = = Multiply By 2.185 0.4577 0.61 1.6 68-70% BPL 62-66% BPL 83% BPL 70% BPL
Kapuskasing Phosphate Rock Western U.S. States Phosphate Rock
108 Agrium
Other Constants and Conversions Factors Crop Weight Conversions

1 tonne = Barley (Australia, New Zealand) Barley (United States, Canada) Canola/Rapeseed Flaxseed (United States, Canada, Australia) Corn (Maize) (United States, Canada, Australia, New Zealand) Oats (Australia, New Zealand) Oats (Canada) Oats (United States) Potatoes (United States, Canada) Rice, paddy (Australia) Rice, paddy (United States) Rye (Australia) Rye (United States, Canada, United Kingdom, New Zealand) Soya beans (United States) Wheat (generally applicable) 44.092 bu (50 lb) 1 bu = 0.022680 tonne
45.931 bu (48 lb)
0.021772 tonne
44.092 bu (60 lb) 39.368 bu (56 lb)
0.022680 tonne 0.025401 tonne
39.368 bu (56 lb)
0.025401 tonne
55.116 bu (40 lb)
0.018144 tonne
64.842 bu (34 lb)
0.015422 tonne
68.894 bu (32 lb)
0.014515 tonne
36.744 bu (60 lb)
0.027216 tonne
52.490 bu (42 lb)
0.019501 tonne
48.991 bu (45 lb)
0.020412 tonne
36.744 bu (60 lb)
0.027216 tonne
39.368 bu (56 lb)
0.025401 tonne
36.744 bu (60 lb)
0.027216 tonne
36.744 bu (60 lb)
0.027216 tonne
109 Agrium
IFA Regional Classification 2010 Western and Central Europe

Albania Austria* Belgium/Luxembourg* Bosnia and Herzegovina Bulgaria** Croatia Czech Republic* Denmark* Finland* France* Germany* Greece* Hungary*
Western and Central Europe

Iceland Ireland* Italy* Netherlands* Norway Poland* Portugal* Romania** Serbia Slovakia* Slovenia* Spain Sweden
Western and Central Europe

United Kingdom* Switzerland Others
Eastern Europe
Latvia* Lithuania* Moldova Russian Federation Tajikistan Turkmenistan Ukraine Uzbekistan Others
Eastern Europe
Armenia Azerbaijan Belarus Estonia* Georgia Kazakhstan Kyrgyzstan
North America
Canada United States
Latin America and Caribbean

Argentina Brazil Chile Colombia Costa Rica Cuba Dominican Republic Ecuador El Salvador Guatemala Mexico Nicaragua Peru Trinidad and Tobago Uruguay
Latin America and Caribbean

Venezuela Others
Africa
Egypt Ethiopia Kenya Libya Mauritius Morocco Nigeria Senegal South Africa Sudan Tanzania Tunisia Zambia Zimbabwe Others
Middle East
Afghanistan Bahrain Cyprus* Iran Iraq Israel Jordan Lebanon Oman Qatar Saudi Arabia Syria Turkey United Arab Emirates Yemen Others
Oceania
Australia New Zealand Papua New Guinea Others
Africa
Algeria Cameroon Cte dIvoire
South Asia
Bangladesh India Nepal Pakistan Sri Lanka Others
East Asia
Cambodia China Indonesia Japan Korea, Republic of Korea D.P.R.
East Asia
Laos Malaysia Mongolia Myanmar Philippines Singapore
East Asia
Thailand Taiwan/China Vietnam Others
Source:
States that are member of The European Union (EU) The designation employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the International Fertilizer Industry Association (IFA) concerning the legal status of any country, territory, city or area or its authorities, or concerning the delimitation of its frontiers or boundaries. IFA Regional Classification. 2010-2011 Agrium Fact Book
110 Agrium
111 Agrium
Agrium Inc. 13131 Lake Fraser Drive SE Calgary, Alberta, Canada T2J 7E8 Telephone (403) 225-7000 NYSE and TSX: AGU www.agrium.com
Designed 1210 - 1500 Printed in Canada
112 Agrium

2010-2011 Agrium Fertiliser Industry Fact Book

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Agriums Fertilizer Industry

2010-2011 Fact Book

STRENGTH THROUGH GROWTH AND DIVERSITY

2010-2011 Agrium Fact Book

2010-2011 Agrium Fact Book

2010-2011 Agrium Fact Book

2010-2011 Agrium Fact Book

2010-2011 Agrium Fact Book

History & Overview

Agrium Timeline 1931-1989

2010-2011 Agrium Fact Book

Agrium Timeline 1990-2000

2010-2011 Agrium Fact Book

Agrium Timeline 2001-present

2010-2011 Agrium Fact Book

Production Facilities and Annual Production Capacities Production Capacity

Nitrogen Based Fertilizers Argentina

Nitrogen Based Fertilizers Egypt

Agriums World Capacity

3,406,000 1,520,500 2,704,000 215,000 350,000 1,209,000 960,000 2,050,000

2010-2011 Agrium Fact Book

Production Facilities and Annual Production Capacities Production Capacity

Phosphate Based Fertilizers Canada

Rainbow Plant Capacities(2) United States

Agriums Approximate Share of 2009/10 North America Production Capacity

Ammonia (gross) Urea Phosphate Potash

20.7% 24.8% 6.9% 5.8%

Agriums Approximate Share of 2009/10 Global Production Capacity

Potash Based Fertilizers Canada

Ammonia (gross) Urea Phosphate Potash

1.9% 1.6% 1.5% 2.4%

(1) (2) (3) (4)

2010-2011 Agrium Fact Book

Agrium Retail: Best in Class

Agrium Retail Products

2009 Net Sales

Crop Protection Products

Seed and Other Services

Crop Production Services (CPS)

Farm Centers/Branches Satellites Terminals Distribution Centers Plants Total

United States 578 199 36 10 3 826

2010-2011 Agrium Fact Book

Crop Production Services (CPS)

Chandler Coolidge Poston Tucson Yuma

Milford Seaford Seaford DC Smyrna*

Hilo Kahului Lihue Pearl City

Fort Morgan Greeley Greeley P

Bakersfield (2 locations) Button Willow* Coachella Cutler*

2010-2011 Agrium Fact Book

Crop Production Services (CPS)

Amboy Arcadia Attica Boonville Boston*

Atalissa Battle Creek Boone Brayton* Breda Coin* Corning

2010-2011 Agrium Fact Book

Crop Production Services (CPS)

Sterling South Deerfield

Slayton Wadena Withrop

Belgrade Billings Billings P Chinook Fairview Gildford* Glasgow Great Falls

Artesia* Artesia (2 locations) Del City Hatch* Vado Vado* Socorro

Amenia Avon Cohocton Fancher Florida

Satellites Terminals Distribution Center Plants