OK This Is BIG: Agircore and JRI merge

http://finance.sympatico.msn.ca/investing/news/businessnews/article.aspx?cp-documentid=1212965

Man this is big. AU and JRI merge with money from the Ontario Teachers Pension Fund in the pot too.

I'm stunned by the implications of this.

• First there will be a large injection of cash into farmers pockets. The press release says $6.5 per share and $24 per preferred share. A quick survey around our little shop puts that number among employees at $2380. (I'm in there with some of that, not enough but some)
• A lot of people in the rural areas are employed by these people. I have a brother with AU. It will take a while for that to sort out, but there will be some ripples
• Communities will be effected. We all knew contraction was coming in the industry. This puts it closer. Facilities will close in small and large towns, make no mistake it has to happen.
• This will create the largest grain company in Canada. This will force others to make moves, if they want to or not.
• It shows a large commitment by a huge investment fund in Eastern Canada to Western Canada. The Ontario Teachers Pension fund is a big player, people are going to take note of this move.

I have to get on the phone to talk to my brother