Q: What is Genesis Grain & Fertilizer LP?
Q: Why was Genesis created?
Genesis was also created in response to recent combinations of mergers and acquisitions among the traditional input companies that has left inefficiencies and confusion in some cases. Other considerations included:
• The need for a fertilizer supply and distribution system for ProjectN
• Substantial increases in the MPower product line from AgraCity
• The changes in grain transportation and handling, from the privatization of the CWB and issues related to shipment of grain by rail.
Genesis is focusing on building a fertilizer distribution business right now, with grain handling business opportunities still being explored where possible.
Q: What is the vision for Genesis?
Q: How does Genesis fit in with ProjectN, AgraCity and FNA?
Q: Who can invest in Genesis?
Q: What is this initiative all about?
We now have a name for S&D Co., called Genesis Grain and Fertilizer.
Q: What geographies do you intend to operate in?
Q: How quickly can this be built?
A: The Belle Plaine SuperCentre is scheduled to reach Substantial Completition by December 2017. In the meantime the Genesis team continues to select their next sites.
Q: So will the farmers who invested in the ProjectN fertilizer plant automatically be part of Genesis?
Q: Can current Seed Capital Unit holders in ProjectN also invest in this project?
Q: Do I have to be an FNA Member to participate?
Q: How much capital are you trying to raise?
A: To complete the full plan will require $116 million.
Q: How many farmers need to get involved? How much of the new company do you want farmers to own?
Q: Where did you come up with the dollar amount that is required to execute this strategy?
A: FNA and AgraCity management, with support from MNP and a number of industry leaders have done all the modeling for Genesis.
What are my guarantees
A: All project development work to date has been funded by the promoters. Investor money is held in trust until we know the project is fully financed.