TISDALE — A proposed fertilizer distribution centre project in Tisdale is holding an open house for interested farmers.
The meeting takes place 11:30 a.m. on Oct. 4 at a tent located on Highway 3 across from the Canalta Hotel.
Genesis Fertilizers is a farmer-owned urea production and distribution network serving Western Canada. They are looking for local producers to invest in the project. Farmers invest based on their fertilizer requirements, securing their future supply and receive financial distributions based on the plant profits, offsetting the cost of fertilizer.
“An estimated 20 per cent of western Canadian farmer-owned acres have the unique opportunity to own part of a fertilizer production and distributions network," said Terry Drabiuk, vice-president of business development for Genesis Fertilizers.
"This ownership secures both future urea requirements and annual cash distributions from plant revenues. They will be invested to own enough of the plant to cover their individual fertilizer needs and realize the profits on those Tonnes through their ownership. Investors may also purchase units without fertilizer offtake.
Through this closed looped system, a farmer who invests in the project can enjoy a stable supply of fertilizers and could earn a return on their investment through potential profits of the fertilizer sales.
Other speakers at the open house include Tisale Mayor, Al Jellicoe, RM of Tisdale Reeve Ian Allan, MLA Fred Bradshaw, MLA Hugh Nerlein, and Genesis Board member Kathy Jordison will be the guests in attendance. Drabiuk and Ashley Meier will provide information and a general overview of what can be expected.
Genesis Fertilizers is also building a 700,000 MT urea fertilizer plant in Belle Plaine.
