agrium bid, page-15

Not sure cattle NEED be fed with grains.

IMHO this more common to USA than elsewhere.

This largely reflects US internal problems of mis-allocated agricultural subsidies.


Consider where climate issues create economic benefit or necessity to house cattle, in such feeds are stored then provided; Which feeds ?


Australia and many other countries maintain cattle as free range feeders, which BTW at times may be topped up with grains.




Position more frustrated was no option of share-swaps so could continue as shareholder in the new AWB owner, rather than cash.


Oh well, when do we see the money in the bank ?