NEW YORK, NY
Potash, Agrium to combine, creating huge crop fertilizer
Potash Corp. and Agrium said Monday that they are combining to create the world's largest crop nutrient company. The Canadian companies both sell fertilizers and nutrients to farmers that help them grow their crops. The new company will have 20,000 employees, a market value of $36 billion and annual revenue of $20.6 billion, the companies said. A name for the new company will be announced before the deal closes in the middle of next year.
Potash shareholders will own about 52 percent of the new company and Agrium shareholders will own about 48 percent. As part of the deal, Potash shareholders will receive 0.4 of a share of the new company for every Potash stock they own. Agrium shareholders will receive 2.23 shares of the new company for every Agrium stock they own.
Boy, 6, pinned by dump truck in farm accident
Police say a 6-year-old boy was flown from a farm in central Pennsylvania to a hospital after he became pinned between the frame and bed of a dump truck. According to police, a family member raised the bed to dump feed for cows on Sept. 9 in Ephrata about 40 miles east of Harrisburg. The boy's neck became trapped when he then tried to lower it.
Police say the family member found the boy after the bed wouldn't go down completely. Police say the boy was flown unconscious to a trauma unit. His condition is not known.
Officials issue warning about bacteria in farm's goat cheese
Pennsylvania regulators are urging consumers who purchased certain batches of goat milk cheese from a central Pennsylvania dairy to throw it out because some samples tested positive for a certain bacteria.
Authorities say samples from Apple Tree Goat Dairy in Richfield tested positive Aug. 29 for the bacteria listeria monocytogenes. They say there have been no reports of illnesses.
The state Agriculture Department issued the warning regarding particular lot numbers of cheese from the dairy that include pasteurized chevre, pasteurized French herb chevre,raw 60-day aged feta, and raw 60-day aged Gouda. The dairy's other products weren't affected.
CBDRx announces restructuring
CBDRx, LLC, a premier producer of hemp oil, derivatives and finished products from Colorado-grown organic hemp, announced that as of July 1, Tim Gordon, who has been the CBDRx Chief Agronomist, has been promoted to Chief Executive Officer.
Gordon, an expert in hemp genetics and cultivation, has served as a hemp industry consultant to members of Congress and university research programs.CBDRx Board member Dawn Ballard said Gordon's integrity, experience, knowledge, dedication and leadership skills will ensure the company's continuing success.
Gordon succeeds Marc Brannigan, who was asked to relinquish his position. Founded in 2014, CBDRx grows exclusively organic broad-spectrum proprietary hemp strains and specializes in the development, processing, and wholesale distribution of cannabidiol rich hemp, pure hemp oils and whole plant-extracted hemp products for the wellness, nutraceutical, and pharmaceutical industries.