With this in mind, we announced the share repurchase program of $900 million in association with the sale of the Medicine Hat facility that was announced last night. The sale of the equity position in the Medicine Hat nitrogen facility represented a compelling return for this asset. In essence, Agrium will obtain the retail business from Viterra for about $175 million plus working capital of approximately $400 million.While our earnings are a testament to the strong demand for crop inputs that existed throughout the first half of the year, the outlook for our business for the remainder of 2012 and into 2013 is also very promising. Record grain and oilseed prices will provide growers around the world with the economic incentive to expand acreage and to optimize their use of Agrium's complete line of Agrium products and services.
Agrium Management Discusses Q2 2012 Results - Earnings Call Transcript
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