We are excited to announce an investment in Canterra Seeds through the acquisition of 17% in shares, positioning UFA as one of the company's largest of approximately 200 shareholders.
"Today's announcement marks an investment in western Canadian agriculture," says Bolton. "Over the last several years UFA has demonstrated strong results and built a balance sheet that will enable continued investment in western Canadian agriculture that benefits our member-owners."
The investment in CANTERRA SEEDS will not impact day-to-day operations or limit the seed varieties available for purchase at UFA. The co-operative will continue to carry a full line of seed varieties and crop input products as UFA recognizes that it is essential to continue to provide members and customers with choices in the products and services that are right for their operations.
"Our board of directors understands the unique challenges faced by farmers and ranchers, and this announcement demonstrates our commitment to the long-term vitality of member-owners," says Kevin Hoppins, Board Chair, UFA.
About CANTERRA SEEDS
CANTERRA SEEDS, headquartered in Winnipeg, Manitoba, is also owned by Limagrain, 175 seed growers, ag retailers and private investors. The company offers one of the broadest field seed portfolios in western Canada including canola, cereals, pulses and specialty crops. They secure top-quality hybrids and varieties through plant breeding institutions, including their cereals breeding joint venture with farmer-owned Limagrain, Limagrain Cereals Research Canada.
