2014-2015_factbook_2

Agrium Fact Book2014–2015

table of contents030405060912131416192122Agrium History and OverviewProfileAgrium HistoryProduction Facilities and Annual Production CapacitiesAgrium Going GlobalAgrium Through the YearsA Global PresenceNorth America MarketsSouth America MarketsAustralia, Asia and Pacific Rim MarketsEuropean and Former Soviet Union MarketsAfrica and Middle Eastern Markets23 Wholesale24 Agrium Wholesale: Leading Global Supplier25 Agrium Products26 Wholesale Owned Distribution Facilities27 North America Wholesale Production and Distribution Locations28 Industry Participants Production Locations32 Retail33 Agrium Retail: Best in Class33 Retail Products35 North America Retail Locations Map36 Crop Production Services (CPS)41 Crop Production Services Canada (CPSC)43 South America Retail Locations Map44 South America Retail Locations (ASP)46 Landmark Retail Locations Map47 Landmark Retail Locations49 Industry Participants – United States Retail5051525354555657596063656768717274Agricultural StatisticsGlobal Total Grains Supply/DemandCrop Cycles: Growing Seasons for Key Global RegionsFertilizer CalendarCrops: Area, Production and Stocks – United StatesCorn Supply and Use – United StatesPlanted Area and Production by Crop – Western CanadaCrop Production – ArgentinaCrop Production – BrazilCrop Production – Europe and Former Soviet UnionCrop Production – AsiaCrop Production – ChinaCrop Production – IndiaCrop Production – Australia and New ZealandCrop Supply and Use – AustraliaCrop Production – AfricaCrop Production – Middle East7677777878798383848687889091919293959798100101102103104105106107107108109111113114115116117119Fertilizer StatisticsFertilizer Consumption by RegionFertilizer Consumption by CountryFertilizer Production by RegionGlobal Fertilizer Capacity by CountryGlobal Nutrient Trade Data: Imports and ExportsGlobal Nutrient ConsumptionGrowth in Global Nutrient ConsumptionSupply/Demand BalanceInternational Fertilizer Prices – HistoricalWorld Population vs. Global Fertilizer ConsumptionTotal Consumption of Fertilizers – North AmericaTotal Shipments of Fertilizers and Plant Nutrients – CanadaFertilizer Consumption – United StatesFertilizer Consumption – CanadaFertilizer Consumption in Argentina, Brazil and ChileFertilizer Consumption in Europe – Top Five CountriesFertilizer Consumption in Asia – Top Five CountriesFertilizer Consumption in OceaniaFertilizer Consumption in Africa and the Middle East– Top Five CountriesFertilizer Application Rates – United StatesNutrient Uptake and Removal by Field Crops – United StatesNutrient Uptake and Removal by Field Crops – Western CanadaFertilizer Application Rates – AustraliaNutrient Application and Yield: CornHistorical Nitrogen Fertilizer and Gas Prices – North AmericaHistorical P & K Fertilizer North AmericaUnited States Ethanol FactsUnited States Corn UseConstants and ConversionsFertilizer Production ProcessesRaw Material RequirementsFertilizer MineralsProduct AnalysisGeneral Conversion FactorsEnergy Conversion FactorsOther Constants and Conversions FactorsIFA Regional ClassificationFACT BOOK 2015 Agrium 01

02Agrium FACT BOOK 2015

AGRIUM HISTORY AND OVERVIEWFACT BOOK 2015 Agrium 03

profile( all figures in US $, except where noted )Agrium is a major distributor of crop inputs and services inNorth America, South America and Australia, and a leadingglobal producer and marketer of agricultural nutrients. Weproduce and market the three primary nutrients: nitrogen,phosphate and potash, as well as ammonium sulphate,and controlled-release fertilizers. A key differentiator ofAgrium is that we are the only publicly traded company thatcrosses the agricultural inputs supply chain. This meansthat our focus on growth begins in our manufacturingfacilities and extends to the fields where our customers useour products. Agrium has approximately 144 million sharesoutstanding and a market capitalization of approximatelyUS$16.4 billion (as of February 24, 2015). Agrium employsapproximately 15,500 people globally who are dedicated toachieving our vision of being the world’s leading provider ofagricultural inputs and services.Agrium has two complimentary business units whichoperate across the agricultural input value chain:We operate the largest global direct-to-grower agriculturalretail operation with product offerings in seed, cropprotection, crop nutrient products, merchandise, andagronomic services. As of December 2014, Agrium hadover 1,450 retail facilities globally. Our acquisition of aportion of Viterra’s Agri-products business in late 2013added over 200 locations in Canada.We manufacture, market and distribute crop nutrients suchas nitrogen, phosphates, and potash. We service our customersthrough a network of over 100 distribution warehouses,supplied by 15 wholly owned production facilitiesand 2 joint venture facilities strategically located worldwideOur strengths include a low cost in-market position, andthe ability to leverage our extensive retail distribution.— Our Mission —Feed the world.— Our Vision —To be the world's leading provider ofagricultural inputs and services.We operate a distribution network in Europe and have a26 percent equity interest in MISR Fertilizer ProductionCompany, S.A.E. (MOPCO) of Egypt. Our nitrogen facilityexpansion in Egypt, is on track for completion of two newproduction trains by the middle of 2015 which is expectedto add 1.3 MM tonnes of production capacity.We own a 50 percent stake in Profertil S.A., a Argentinebasedmanufacturer and wholesale distributor of nitrogenproducts while YPF S.A., a state-controlled oil and gascompany in Argentina, owns the other half. Debottleneckingwas competed in 2014 with commissioning and startupexpected to be completed in Q1 2015. This will increaseAgrium’s share of production by ~70,000 tonnes.We completed the tie-in of the brownfield expansion of ourVanscoy Potash Operations in Saskatchewan, Canada in2014, and we will be ramping up production to the full onemillion incremental tonnes over the next two and a halfyears. The expansion of our Borger, Texas nitrogen facilityis on-track to deliver 610,000 tonnes of additional annualurea production capacity by the end of 2015.04Agrium FACT BOOK 2015

historyAgrium was formed to facilitate the reorganization of thefertilizer division of Cominco Ltd. and the acquisition of thefertilizer assets of Alberta Energy Company in 1993. Agrium’sshares were first publicly listed on the Toronto StockExchange in 1993 and traded on the New York Stock Exchangeon October 4 th , 1996.Agrium established its agricultural Retail division throughthe acquisitions of Crop Production Services (CPS) in September1994 and Western Farm Service (WFS) in January1995. Also in 1995, Agrium established an internationalpresence in Argentina under the trade name AgroserviciosPampeanos S.A. (ASP). In 2006, Agrium continued to buildits retail franchise through the acquisition of Royster-Clark’sretail operations. Retail expansion continued in 2007 withthe acquisition of ADM’s 18 retail centers and 14 satellitesin Kansas and Oklahoma. In 2008, Agrium completed theacquisition of United Agri Products (UAP), the Company’slargest acquisition to date. This was a transforming transactionfor Agrium, as the acquisition further expanded ourretail presence in the United States, improved our earningsdiversification by increasing the profit contribution from ourRetail business unit and diversified Agrium’s product mixby increasing our sales in crop protection products (CPP).Upon completion of the acquisition of UAP, Agrium’s retailbranches in the United States increased from 489 locationsto 826. Agrium continued its Retail division growth withthe establishment of 65 retail outlets in Western Canadathrough a number of transactions in 2009 and 2010, theacquisition of 24 retail outlets in Argentina in July 2010, andour entry into Australia with the acquisition of AWB Limited’sLandmark business in December 2010. Most recently,in October 2013, Agrium acquired the majority of Viterra’sAgri-products business, which increased our Canadian Retailpresence by over 200 locations.In 1998, Agrium expanded into the Argentina market witha 50 percent ownership in Profertil S.A. with production inBahía Blanca, Argentina. In 2005, Agrium acquired the WesternCanadian fertilizer distribution assets from Imperial Oil.In 2008, Agrium acquired a 70 percent equity position inCommon Market Fertilizers S.A. (CMF), one of WesternEurope's largest fertilizer distribution companies; in April2010 the remaining 30 percent was also acquired and CMFbecame Agrium Europe.In 2008, Agrium entered into an agreement with MOPCOof Egypt, whereby MOPCO acquired the previous EAgriumproject, and EAgrium shareholders obtained a 26 percentequity interest in the combined entity. The combined entityincludes an existing 650,000 tonne urea facility. In late 2009,MOPCO secured financing for tripling the production of theexisting nitrogen facility.In 2014, Agrium completed the tie-in of the brownfield expansionof the Vanscoy Potash Operations in Saskatchewan,Canada, and we will be ramping up production to the fullone million incremental tonnes over the next two and a halfyears. The 610,000 tonne urea expansion of our Borger,Texas nitrogen facility is scheduled to be completed by theend of 2015.The growth of Agrium’s Wholesale business was initiatedwith the acquisition of Nu-West Industries, a phosphateproducer in Idaho in 1995. Agrium subsequently mergedwith Viridian in December 1996, substantially increasingthe size of the company. In 1997, Agrium announced thedevelopment of the phosphate rock reserve at Kapuskasing,Ontario to obtain a domestic rock supply for the Redwaterfacility. Production at the mine began in July 1999. In1998, Agrium also acquired a phosphate rock mine locatedclose to our Conda facility in Idaho to establish security ofsupply. Agrium acquired UNOCAL’s (Union Oil of California)agricultural products division in September of 2000.FACT BOOK 2015 Agrium 05

production facilities and annual production capacitiesProduction Capacity(product tonnes per year)Nitrogen Based FertilizersArgentinaBahía Blanca (Profertil S.A.) (1)Ammonia (gross) 375,000Ammonia (net) 35,000Urea 600,000CanadaRedwater, AlbertaAmmonia #1 280,000Ammonia #2 680,000Ammonia Total (gross) 960,000Ammonia Total (net) 250,000Urea (2) 720,000Ammonium Nitrate (2) 250,000Ammonium Sulphate 355,000Nitrogen Solutions 180,000Carseland, AlbertaAmmonia (gross) 535,000Ammonia (net) 135,000Urea 680,000Joffre, AlbertaAmmonia (net) 480,000Fort Saskatchewan, AlbertaAmmonia (gross) 465,000Ammonia (net) 170,000Aqua Ammonia (net) 100,000Urea 430,000Upgrade Facilities (3)Carseland, AlbertaESN ® 191,000Standard and Granum, AlbertaNitrogen Solutions 120,000Post-Expansion Expected Capacity(product tonnes per year)Nitrogen Based FertilizersArgentinaBahía Blanca (Profertil S.A.) (1)Ammonia (gross) 401,200Ammonia (net) 19,300Urea 670,000(1) Profertil S.A. is 50 percent owned by Agrium Inc. while YPF S.A., a state-controlled oil and gas company in Argentina, owns the other half.The stated capacity numbers represent Agrium’s 50 percent ownership.(2) Includes product used to produce nitrogen solutions.(3) Upgrade Facilities use ammonia and urea from other sources. They do not purchase natural gas to produce their own ammonia and urea.Note: Figures exclude idle capacity.06Agrium FACT BOOK 2015

production facilities and annual production capacitiesProduction Capacity(product tonnes per year)Nitrogen Based FertilizersEgyptAmmonia (gross) 104,000Urea (1) 170,000United StatesBorger, TexasAmmonia (gross) Expanding in 2015 490,000Ammonia (net) 443,000Urea Expanding in 2015 80,000Upgrade Facilities (2)Kennewick, WashingtonNitrogen Solutions 430,000West Sacramento, CaliforniaNitrogen Solutions 204,000North Bend, OhioNitric Acid, Nitrogen Solutions 170,000New Madrid, MissouriESN ® 263,000Post-Expansion Expected Capacity (4)(product tonnes per year)Nitrogen Based FertilizersEgyptAmmonia (gross) 316,000Urea (1) 510,000United StatesBorger, TexasAmmonia (gross) 660,000Ammonia (net) 262,000Urea 690,000Agrium’s Global Capacity(As of Dec 31, 2014)(product tonnes per year)Ammonia (gross) 3,409,000Ammonia (net) (3) 1,519,000Urea (3) 2,680,000Ammonium Nitrate 250,000Ammonium Sulphate 355,000Solutions/Other/ESN ® 1,728,000MAP 1,000,000Potash Pre-Expansion 2,035,000Agrium’s Global CapacityPost-Expansion(product tonnes per year)Ammonia (gross) 3,817,200Ammonia (net) (3) 1,334,300Urea (3) 3,700,000Ammonium Nitrate 250,000Ammonium Sulphate 355,000Solutions/Other/ESN ® 1,728,000MAP 1,000,000Potash Capacity by 2017 (5) ~3,000,000(1) Based on 26 percent ownership position in MOPCO.(2) Upgrade Facilities use ammonia and urea from other sources. They do not purchase natural gas to produce their own ammonia and urea.(3) Includes net ammonia volumes from Egypt facility.(4) Egyptian expansion anticipated to be completed by Q3 2015 and Borger expansion expected to be completed by January 2016.(5) The tie-in of Agrium's potash expansion project is complete. Vanscoy's potash nameplate capacity is anticipated to ultimately increase by more than 1.0 million tonnes asramp-up continues through to 2017Note: Figures exclude idle capacity.FACT BOOK 2015 Agrium 07

production facilities and annual production capacitiesProduction Capacity(product tonnes per year)Phosphate Based FertilizersCanadaRedwater, AlbertaMono-Ammonium Phosphate 660,000P 2O 5Equivalent 345,000United StatesSoda Springs (Conda), IdahoMono-Ammonium Phosphate 340,000Phosphates P 2O 5Equivalent 350,000Other Product Capacity (1) 170,000Rasmussen Ridge, IdahoAverage Concentrated Rock is 31% P 2O 5Ore Mined Annually 2,000,000Concentrated Rock Produced Annually 1,300,000Total Canada and United States (P 2O 5) 695,000Production Capacity(product tonnes per year)Rainbow Plant Capacities (2)United StatesFlorence, Alabama 137,000Americus, Georgia 159,000Total Rainbow 296,000Potash Based FertilizersCanadaVanscoy, SaskatchewanPotash KCl (MOP)–Q4 2014 2,035,000Post-expansion (3) capacity to add ≥ 1 million tonnes.Agrium’s Approximate Share of 2014North America Production Capacity (4)Ammonia (gross) 20%Urea 24%Phosphate 7%Potash 7%Agrium’s Approximate Share of 2014Global Production Capacity (5)Ammonia (gross) 2%Urea 1%Phosphate 1%Potash 3%(1) Conda also produces other phosphate products such as merchant grade acid and super phosphoric acid, some of which is upgraded to phosphate solution.(2) Includes over 30 different ammoniated grades of fertilizer.(3) The tie-in of Agrium's potash expansion project is complete. Vanscoy's potash nameplate capacity is anticipated to ultimately increase by more than 1.0 million tonnesas ramp-up continues through to 2017.(4) North America refers to Canada and the United States, and Agrium’s approximate share estimate is based on the International Fertilizer Industry Association’s(IFA) 2014 North America production capacity figures.(5) Based on: IFA World Ammonia Capacities 2014, June 2014; IFA World Urea Capacities 2014, June 2014; IFA World Processed Phosphates Capacities 2014, July 2014;IFA World Potash Capacities 2014, August 2014.08Agrium FACT BOOK 2015

agrium goinNorth AmericaWholesale15 Production Facilities;2 Mines; Extensive Distributionand Storage Network.RetailOver 1200 Retail locations under thename of Crop Production Services (CPS)and Crop Production Services Canada.EuropeWholesaleAgrium Europe. Distributionnetwork of 9 sales officesin 6 countries (Belgium,Bulgaria, France, Germany,Italy, and Romania).South AmericaWholesaleProfertil S.A. is 50 percent owned byAgrium Inc. while YPF S.A., a statecontrolledoil and gas company inArgentina, owns the other half.Retail53 Retail locations under the nameAgroservicios Pampeanos (ASP) inArgentina, Chile, Uruguay and Brazil.FACT BOOK 2015 Agrium 09

g globalAfrica and theMiddle EastWholesale26 percent interest inMISR Fertilizers ProductionCompany S.A.E. (MOPCO)in Egypt.Asia PacificRetailOver 220 retail locationsunder the name Landmark(acquired in late 2010).

Agrium Through the Years1931 – PresentHomestead(Nebraska)NitrogenOperationsbeginsproduction.Vanscoy(Saskatchewan)Potash Operationsbegins production.Joffre(Alberta)NitrogenOperationsbegins production.Crop ProductionServices (CPS)acquired.Agrium is publiclytraded on the New YorkStock Exchange.Acquired Viridian Inc.,including Redwater(Alberta) FertilizerOperations (1968) andFort Saskatchewan(Alberta) NitrogenOperations (1983).Kapuskasing(Ontario)PhosphateMine beginsproduction.‘96193119651968196919771987199319941995199619981999‘68ComincoFertilizersLtd. entersthe fertilizerbusiness.Borger(Texas)NitrogenOperationsbeginsproduction.Carseland(Alberta) NitrogenOperationsbeginsproduction.ComincoFertilizers Ltd.enters thepublic market, bylisting on the TSX.Nu-West IndustriesInc. and WesternFarm Service (WFS)acquired.Cominco FertilizersLtd. changes its nameto Agrium Inc.Rasmussen Ridge(Idaho) PhosphateMine acquired.Agrium establishesan internationalpresence in Argentinaunder the tradename AgroserviciosPampeanos (ASP).

Astaris ProductionLLC assets(Nu-West’s Conda, IDphosphate operation)acquired.Royster-Clarkacquired.United Agri Products(UAP), acquired.70 percent equityposition in CommonMarket FertilizersS.A. (CMF) acquired.Additional 30 percentequity position inCommon MarketFertilizers S.A. (CMF)acquired; name changedto Agrium Europe.ASP acquires 24additional retail outletsin Argentina.Agrium acquires AWBLimited and enters theAsia-Pacific Market.Agrium entered Brazilwith the acquisitionof Utilfértil.Divestiture ofAgrium’s Turf andOrnamental businessto Koch AgronomicServices, LLC.Agrium’s ESN ®operations movesinto Wholesale.‘ 12Vanscoy PotashOperations expansiontie-ins completed.200020042005200620072008200920102011201220132014‘ 09UNOCAL agriculturalproducts divisionacquired.Profertil S.A. beginsproduction in BahíaBlanca, Argentina.Western Canadianfertilizer distributionassets from ImperialOil acquired.18 retail outlets inArgentina and Chilefrom United AgriProducts acquired.ADM’s 18 retailcenters and 14satellites in Kansasand Oklahomaacquired.Agrium Retailexpands into Canadaand consolidates allU.S. and Canadianoperations underthe name CropProduction Services(CPS Canada).26 percentshareholding, inMOPCO (Egypt)obtained.Agrium acquires100 percentequity position inCerealToscana andAgroportAgrium sellsAWB CommodityManagement.Agrium closesacquisition ofthe majorityof Viterra’sAgri-product businessfrom GlencoreInternational, gainingover 200 retailfacilities in WesternCanada.Kapuskasing (Ontario)Phosphate Mineceases productionin 2013.12 Agrium FACT BOOK 2015

A GLOBAL PRESENCEFACT BOOK 2015Agrium 13

north america marketsCanadaCanada is the 7 th largest consumer of crop nutrientsworldwide and is the world largest exporter of potash.Nutrient consumption in 2013 was 2.5, 0.8 and 0.4million metric tonnes for nitrogen, phosphate and potashrespectively. In 2013, crop protection product sales were$2.0 billion and seed sales were over $1.0 billion. Intotal Canada has over 110 million acres of arable land;Western Canada has over 59 million acres of planted area,generating over 71 million tonnes of product. Top crops byproduction in Western Canada are wheat, canola, barleyand oats.United StatesThe United States has the 3 rd highest consumption ofcrop nutrients and is the world 2 nd largest importer of cropnutrients. Nutrient consumption in 2013 was 11.9, 3.9and 4.3 million metric tonnes for nitrogen, phosphate andpotash respectively. In 2013, crop protection product saleswere $7.4 billion and seed sales were over $12.6 billion.The US has over 382 million acres of arable land with 95million acres planted for corn producing 14.0 billion bushelsin 2013.agrium north america retailCrop Production Services ("CPS")nnnnLargest direct-to-grower agricultural retail operation;Provides a wide range of agribusiness products andservices to farmers;Echelon, our precision agriculture technology platformcurrently provided to ~31,000 growers on over 19 MMacres in the US alone;Over 1,200 retail facilities under the name CPS.Source: IFA World Potash Capacities 2014, June 2014, IFA World Processed Phosphates Capacities 2014, July 2014, IFA World Ammonia Capacities 2014, June 2014, PhillipsMcDougall, AMIS Global, CANSIM Table 001-0010, Statistics Canada, January 2015, USDA WASDE-537, January 2015, FAOSTAT14 Agrium FACT BOOK 2015

agrium north americaCrop Production Services (CPS)Crop Production Services Canada (CPSC)Nitrogen Production FacilitySolution Production FacilityPhosphate Production FacilityPhosphate MinePotash Production FacilityPotash MineGranulation Production FacilityAnhydrous Ammonia StorageSolution StorageDry StorageBlend StorageAmmonia Pipeline SystemCorporate/Wholesale OfficeRetail Head OfficeUnited States Sales OfficeESN ®FACT BOOK 2015Agrium 15

south america marketsSouth AmericaInvesting in South America provides an opportunity to growwhere agriculture is growing. Our current operations, Profertil,Utilfértil and ASP will allow us to leverage our strengthsas we enter new markets. In 2009, we opened two retailfarm branches in Uruguay. In 2010, ASP acquired 24 retailoutlets and a formulation plant from DuPont in Argentina.In 2012, ASP entered Brazil with the acquisition of UtilfértilIndústria E Comércio De Fertilizantes Ltda. (Utilfértil).ArgentinaArgentina is the second largest producer of crops in SouthAmerica; with approximately 39 million hectares of arableland, its major crops are corn, wheat and soybeans. Nutrientconsumption in 2013 was 650, 550, and 40 thousandmetric tonnes of nitrogen, phosphate and potash, respectively.From 2014 to 2017, Argentina’s compound annualgrowth rate for total nitrogen, phosphate and potash consumptionis projected to be 5 percent. In 2013, crop protectionproduct sales were $1.7 billion and seed sales were$1.7 billion. Agrium established an international presencein 1995 in Argentina operating under the trade name ASP(fully owned by Agrium). In 1998 Agrium established a 50%interest in the Profertil joint venture.BrazilBrazil is one of the largest and fastest growing fertilizerimport markets in the world, with a projected 3 percentcompound annual growth of nutrient consumptionbetween 2014 and 2017. Brazil has the fourth highestconsumption of crop nutrients in the world and is theworld’s third largest import market. Nutrient consumptionin 2013 was 3.6, 4.4 and 4.9 million metric tonnes fornitrogen, phosphate and potash respectively. In 2013, cropprotection product sales were $10 billion and seed saleswere over $3.3 billion. Looking forward, Brazil is one ofthe few countries in the world with a land base that enablescontinued expansion of its cultivated area. Growth inplanted areas and yields are expected to increase Brazil’sagricultural production in the near future and going forward,position the country as the lead exporter of several agriculturalproducts including soybean, corn, beef, sugarcane,oranges, coffee and poultry.agrium south america retailAgroservicios PampeanosASP (Agroservicios Pampeanos) is a fully owned subsidiaryof Agrium with approximately 600 employees servingfarmers through Farm Centers that supply inputs andservices in Argentina, Chile, Uruguay, and Brazil.Products include fertilizers, crop protection chemicals,seeds and agronomic services. ASP entered Uruguayin 2009 and Brazil in 2012 to expand Agrium’s SouthAmerican presence.Source: IFA Fertilizer Consumption 2012/13–2017/18 Country Reports, June 2013.16 Agrium FACT BOOK 2015

agrium south america wholesaleProfertil South AmericaAgrium began commercial production at the Profertil plant,located in Bahía Blanca, Argentina, in the third quarter of2000. Profertil S.A. is 50 percent owned by Agrium Inc.while YPF S.A., a state-controlled oil and gas company inArgentina, owns the other half.Production Capacity(metric product tonnes per year)Nitrogen Based FertilizersArgentina(1) (2)Bahía Blanca (Profertil S.A.)Ammonia (gross) 750,000Ammonia (net) 70,000Urea 1,200,000Post-Expansion Expected Capacity(metric product tonnes per year)Q2 2015(1) (2)Bahía Blanca (Profertil S.A.)Ammonia (gross) 802,400Ammonia (net) 38,600Urea 1,340,000Distribution Facilities(metric product tonnes per year)Argentina (1) Urea NH 3LiquidBahía Blanca 150,000 20,000San Nicolás 75,000 35,000Puerto General San Martín 200,000Total Argentina 425,000 20,000 35,000(1) Profertil S.A. is 50 percent owned by Agrium Inc. while YPF S.A., a state-controlled oil and gas company in Argentina, owns the other half. Figures shown represent totalproduction and distribution.(2) Debottlenecking of this facility was mechanically completed and final commissioning is underway.Source: AgriumFACT BOOK 2015Agrium 17

agrium south americaNitrogen Production FacilityAnhydrous Ammonia StorageSolution StorageDry StorageAgroservicios Pampeanos (ASP)Retail Head Office18 Agrium FACT BOOK 2015

australia, asia and pacific rim marketsAustraliaThe $49 billion farm sector in Australia produces a variety ofcrops including grains, vegetables, cotton, sugarcane andpasture land for livestock. With a relatively small populationof 24 million, Australia is a key exporter of wheat and barleyinto Asia and the Middle East. The three basic categoriesof fertilizers (nitrogen, phosphate and potash) are all usedas crop inputs in Australia. Demand for specialty productshas increased in recent years and many suppliers now offersuch products to suit the specific purposes of individualend users. Australian fertilizer demand growth is expectedto be relatively flat compared to historic trends.ChinaChina has the largest population in the world, with 1.4billion residents representing 21 percent of the globalpopulation. China has 8% of the world’s arable land atapproximately 110 million hectares. China has the largestagricultural production in the world by volume, and is theworld’s largest fertilizer market, accounting for nearly 30percent of the world’s demand. Rising annual incomes ofChina’s population are driving an improvement in diets andincreasing the amount of grain, dairy, fruits, vegetables andmeat consumed in China. China has increased croppingarea in recent years and its stated goal is to remain selfsufficientin grain production. Given a finite arable landbase, grain yields will have to increase to keep pace withdemand growth.IndiaForecasts indicate that by 2025 India will become the 5 thlargest consumer economy in the world. While urbanizationhas not occurred as fast as some parts of Asia, theurban population is expected to grow significantly in thecoming years. With this, comes a rising middle class whichis expected to surpass that of China over the next 10 years.India’s food consumption will increase with growth inpopulation and income. This will require a correspondingincrease in agricultural production, which in turn will driveincreased demand for crop nutrients.India has approximately 160 million hectares of arable land.The major crops in India are rice, wheat, millet, cotton andpulses. Fertilizer consumption in 2013 was 16.9, 6.9 and2.2 million metric tonnes for nitrogen, phosphate and potash,respectively. From 2014 to 2018, India’s compoundannual growth rate is estimated to be 2.5 percent annuallyfor consumption of nitrogen, phosphate and potash. In2013, crop protection product sales were $1.7 billion andseed sales were $0.6 billion.Indian agriculture is highly regulated as both fertilizer andcrop prices are controlled by the government.In 2013, crop protection product sales were $4.8 billion andseed sales were $0.2 billion.agrium australia retailLandmarknnnnDistributor of fertilizer and crop chemicals within Australia;Provides a wide range of agribusiness products andservices to farmers;Advisory services: agronomic, animal nutrition and wholefarm planning;Over 220 retail centers across Australia.Source: IFA Fertilizer Consumption 2012/13–2017/18 Country Reports, June 2013.FACT BOOK 2015Agrium 19

agrium australiaLandmark BranchRetail Head OfficeNote: Agrium’s Australian Retail assets are listed on page 47.20 Agrium FACT BOOK 2015

european and former soviet union marketsEurope produces a diversity of crops and engages indiffering agricultural practices due to variety in climateand fertilization patterns across the continent. In 2013 (1) ,Europe consumed 15.5, 4.2 and 4.1 million metric tonnesof nitrogen, phosphate and potash, respectively. In 2013crop protection chemicals sales were $13.6 billion and seedsales were $7.8 billion. In Europe, there are approximately280 million hectares of arable land. The EU-15 (2) is a growthmarket for environmentally friendly crop nutrient and cropprotection products. In contrast, the countries in theEU-13 (3) and Eastern Europe (4) are less mature in terms ofapplication rates of nitrogen, phosphate and potash. Ingeneral, these are growth markets for crop inputs, both interms of consumption and range of products.Headquartered in Brussels, Belgium, Agrium Europeemploys approximately 140 people and has 9 salesoffices in six different countries. Agrium Europe purchases,distributes and sells over one million metric tonnes ofnitrogen, phosphate and potash fertilizers in Europe. As ofDecember 2014, Agrium has access to over 325 thousandmetric tonnes of dry and liquid storage in Europe.agrium europeAgrium Europe Head Office – Brussels, BelgiumAgrium Europe Subsidiary/Sales OfficeSolution StorageDry Storage(1) Fertilizer consumption is based on nitrogen, phosphate and potash from Western Europe EU-15, Central Europe EU-13 and Eastern Europe (former Soviet Union).(2) EU-15: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom(3) EU-13: Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia and Slovenia(4) Eastern Europe (Former Soviet Union): Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kirghizia, Latvia, Lithuania, Moldavia, Russia, Tajikistan, Turkmenistan,Former USSR, Ukraine and UzbekistanSource: USDA FAS PSD DatabaseFertecon Urea Outlook 2014/03, Fertecon Potash Data File-December 2014, CRU Phosphate Fertilizer Market Outlook, October 2014, Phillips McDougallAMIS GlobalFACT BOOK 2015Agrium 21

africa and middle eastern marketsAfrica and the Middle East are markets with significantfuture growth potential. Our ownership interest in theMOPCO nitrogen facility in Egypt provides us with a strongpresence in the region. In 2013, Africa and the MiddleEast consumed 5.1, 2.4 and 0.7 million metric tonnes ofnitrogen, phosphate and potash, respectively. In 2013,crop protection product sales were $2.1 billion and tradedseed sales were $0.8 billion.Egypt and Iran are the largest nutrient consumers in Africaand the Middle East. This region is especially important inproduction and exports, particularity nitrogen and phosphates.The top five producing countries (based on NPKnutrient tonnes) in the region are Morocco, Saudi Arabia,Egypt, Iran and Qatar.Agriculture contributes significantly to the GDP of Africa andthe Middle East and there is significant growth potential,particularly in Sub-Saharan Africa. Available arable landin Africa and the Middle East is approximately 226 millionhectares and 37 million hectares respectively. The majorcrops of this region are corn, sorghum, wheat and millet.Corn is a major crop produced in both Africa and theMiddle East, with 71 million tonnes produced in 2013 andapproximately 34 million hectares harvested.africa and the middle east – damietta (mopco)Damietta (MOPCO Nitrogen Production Facility) (1)(1) Agrium owns a 26 percent interest in MISR Fertiliser Production Company, S.A.E. (MOPCO) in Egypt.Source: USDA FAS PSD DatabaseFertecon Urea Outlook 2014/03, Fertecon Potash Data File-December 2014, CRU Phosphate Fertilizer Market Outlook, October 2014, Phillips McDougall22 Agrium FACT BOOK 2015

AGRIUM WHOLESALERedwater Fertilizer Operations, Redwater, ABFACT BOOK 2015Agrium 23

agrium wholesale: leading global supplierAgrium WholesaleWe operate one of the world’s largest fertilizer manufacturerswith a capacity of over 9 MM tonnes of nitrogen, phosphate,potash and secondary nutrients by the end of 2015.Our products are predominately produced by 15 whollyowned primary production facilities and 2 joint venturefacilities strategically located and marketed worldwide.We manufacture, market, and distribute three primarynutrients: nitrogen, phosphate, and potash. We service ourcustomers through a network of over 100 distribution warehouses,supplied by 17 facilities worldwide. Our strengthsinclude a low cost in-market position, the ability to leveragedistribution, and a focus on continued incrementalexpansion at key facilities. We operate a distribution networkthroughout Europe and South America supplied bya 26 percent equity interest in MOPCO of Egypt and a 50percent equity interest in Profertil of South America.Nitrogen (N)• Facilities strategically located in Canada,the United States and Argentinahave a combined annual capacity ofapproximately 5.0 million product tonnes• We have 26% equity interest in MOPCO,a nitrogen facility in Egypt• We have 50% equity interest in Profertil,a nitrogen facility in Argentina• Competitive advantages of lower-costAlberta and Egypt gas, as well asa close proximity to key marketsPhosphate (P)• Two phosphate plants, combined annualcapacity of approximately 1.2 millionproduct tonnes• Integrated mining and production atConda, access to low-cost sulphur,sulphuric acid and ammoniaPotassium (K)• Current capacity of approximately2.0 million product tonnes• Market internationally through Canpotex• The tie-in of Agrium's potash expansionis complete, Vanscoy's potash nameplatecapacity is anticipated to ultimately increaseby more than 1.0 million tonnes as ramp-upcontinues through to 201724 Agrium FACT BOOK 2015

agrium productsAgrium ProductsFertilizer:Ammonium PolyphosphateAmmonium SulphateAnhydrous AmmoniaAqua AmmoniaCalcium Ammonium Nitrate (CAN 17)ESN ®Industrial:Ammonium NitrateAmmonium Nitrate SolutionAmmonium PolyphosphateAnhydrous AmmoniaAnhydrous Ammonia Refrigeration GradeAqua AmmoniaMerchant Grade Phosphoric AcidMonoammonium PhosphateMerchant Grade Phosphoric Acid (MGA)Monoammonium Phosphate (MAP)Muriate of PotashSuper Phosphoric Acid (SPA)Urea Ammonium NitrateUreaMuriate of PotashNitric AcidNOxOUTUreaUrea Ammonium NitrateUrea SolutionDEF Grade UreaFACT BOOK 2015Agrium 25

agrium wholesale owned distribution facilitiesCanada(metric tonnes of fertilizer storage)Location Dry Ammonia Specialty (1) TotalBloom, Manitoba 50,000 27,000 - 77,000Carseland, Alberta 72,000 36,000 80 108,080Clavet, Saskatchewan 63,500 - 34,300 97,800Ft. Saskatchewan, Alberta 65,000 36,000 - 101,000Granum, Alberta - - 13,250 13,250Joffre, Alberta - 3,000 - 3,000Kamloops, British Columbia - - 1,800 1,800Redwater, Alberta 210,000 77,000 12,500 299,500Roma Junction, Alberta - 170 - 170Standard, Alberta - - 21,250 21,250Vanscoy, Saskatchewan 250,000 - - 250,000Watson, Saskatchewan - 27,000 20,200 47,200Total Canada 710,500 206,170 103,380 1,020,050United States(metric tonnes of fertilizer storage)Location Dry Ammonia Specialty (1) TotalAmericus, Georgia 42,700 - - 42,700Borger, Texas 14,600 1,000 - 15,600Burley, Idaho 7,200 - - 7,200Conda, Idaho 54,500 - 6,400 60,900Early, Iowa - 71,300 - 71,300Florence, Alabama 24,200 - - 24,200Garner, Iowa - - 150 150Glade, Washington 18,500 - - 18,500Homestead, Nebraska 14,600 16,400 7,300 38,300Kennewick, Washington (2) 20,900 19,100 101,000 141,000Lynchburg, Virginia 8,700 - - 8,700Leal, North Dakota - 36,600 - 36,600Marseilles, Illinois 5,500 34,400 31,100 71,000Moses Lake, Washington 10,000 - 9,600 19,600Mt. Vernon, Indiana 20,700 - - 20,700New Madrid, Missouri 38,600 - - 38,600Newton, Illinois - - 6,000 6,000North Bend, Ohio - 17,300 27,200 44,500Paducah, Kentucky - - 13,200 13,200Plymouth, Washington 17,600 - 2,300 19,900Tifton, Georgia 16,400 - - 16,400West Sacramento, California 30,000 36,300 30,000 96,300Total United States 344,700 232,400 234,250 811,350(1) Specialty includes solutions and specialty products.(2) Includes capacity from Kennewick and Finley, Washington.Source: Agrium26 Agrium FACT BOOK 2015

agrium north america wholesale production & distribution locationsNitrogen Production FacilitySolution Production FacilityPhosphate Production FacilityPhosphate MinePotash Production FacilityPotash MineGranulation Production FacilityAnhydrous Ammonia StorageSolution StorageDry StorageBlend StorageAmmonia Pipeline SystemCorporate/Wholesale OfficeUnited States Sales OfficeESN ®FACT BOOK 2015Agrium 27

industry participants production locations2014 Ammonia Plant Capacities and Locations(‘000 metric tonnes of ammonia per year)Company Site IFA CapacityCanada Agrium Inc. Carseland, Alberta 535Agrium Inc. Ft. Saskatchewan, Alberta 465Agrium Inc. Joffre, Alberta 480Agrium Inc. Redwater, Alberta 960CF Industries, Inc. Courtright, Ontario 455CF Industries, Inc. Medicine Hat, Alberta 1,137Koch Fertilizer Canada Inc. Brandon, Manitoba 457Sherritt International, Inc. Ft. Saskatchewan, Alberta 161Yara Belle Plaine Inc. Belle Plaine, Saskatchewan 682Total Canada 5,333United States Agrium U.S. Inc. Borger, Texas 490CF Industries, Inc. Donaldsonville, Louisiana 2,773CF Industries, Inc. Port Neal, Iowa 345CF Industries, Inc. Verdigris, Oklahoma 1,037CF Industries, Inc. Woodward, Oklahoma 437CF Industries, Inc. Yazoo City, Mississippi 510Chevron Chem. Co. El Secundo, California 18Coffeyville Res. Coffeyville, Kansas 329Dakota Gasification Company Beulah, North Dakota 300Dyno Nobel Cheyenne, Wyoming 173Dyno Nobel St. Helens, Oregon 100Green Valley Chemical Creston, Iowa 32Honeywell International Hopewell, Virginia 465Koch Industries Inc. Beatrice, Nebraska 248Koch Industries Inc. Dodge City, Kansas 261Koch Industries Inc. Enid, Oklahoma 839Koch Industries Inc. Fort Dodge, Iowa 300LSB Industries Cherokee, Alabama 159LSB Industries Pryor, Oklahoma 207Mosaic Company Faustina, Louisiana 512OCI Beaumont LLC Beaumont, Texas 306Potash Corporation of Saskatchewan Augusta, Georgia 785Potash Corporation of Saskatchewan Geismar, Louisiana 500Potash Corporation of Saskatchewan Lima, Ohio 612Rentech Inc. E. Dubuque, Illinois 337Shoreline Chemical Gordon, Georgia 30US Nitrogen LLC. Mosheim, Tennessee 60Total United States 12,165Total Canadaand United States 17,498Source: IFA World Ammonia Capacities, June 201428 Agrium FACT BOOK 2015

industry participants production locations2014 Urea Plant Capacities and Locations(‘000 metric tonnes of urea per year)CompanySiteIFA Capacity(Includes Urea Melt)Canada Agrium Inc. Carseland, Alberta 680Agrium Inc. Ft. Saskatchewan, Alberta 430Agrium Inc. Redwater, Alberta 720CF Industries, Inc. Courtright, Ontario 257CF Industries, Inc. Medicine Hat, Alberta 735Koch Fertilizer Canada Inc. Brandon, Manitoba 217Yara Belle Plaine Inc. Belle Plaine, Saskatchewan 1,072Total Canada 4,111United States Agrium U.S. Inc. Borger, Texas 99CF Industries, Inc. Donaldsville, Louisiana 2,322CF Industries, Inc. Port Neal, Iowa 328CF Industries, Inc. Verdigris, Oklahoma 646CF Industries, Inc. Woodward, Oklahoma 293CF Industries, Inc. Yazoo City, Missouri 174Coffeyville Partners Coffeyville, Kansas 265Cytec - American Melamine Waggaman, Louisiana 248Dyno Nobel Cheyenne, Wyoming 111Dyno Nobel St. Helens, Oregon 104Koch Industries Inc. Beatrice, Nebraska 57Koch Industries Inc. Dodge City, Kansas 72Koch Industries Inc. Enid, Oklahoma 485Koch Industries Inc. Fort Dodge, Iowa 152LSB Industries Inc. Cherokee, Alabama 85LSB Industries Inc. Pryor, OK 137Potash Corporation of Saskatchewan Augusta, Georgia 565Potash Corporation of Saskatchewan Geismar, Louisiana 404Potash Corporation of Saskatchewan Lima, Ohio 422Rentech Inc. E. Dubuque, Illinois 141Total United States 7,111Total Canadaand United States 11,222Source: IFA World Urea Capacities, June 2014FACT BOOK 2015Agrium 29

industry participants production locations2014 Phosphoric Acid Plant (1) Capacities and Locations(‘000 metric tonnes of P 2O 5per year)Company Site IFA CapacityCanada Agrium Inc. Redwater, Alberta 345Total Canada 345United States Agrium US Inc. Conda, Idaho 350J.R. Simplot Company Pocatello, Idaho 450J.R. Simplot Company Rock Springs, Wyoming 440Mississippi Phosphates Corp. Pascagoula, Mississippi (2) 367Mosaic Company Bartow, Florida 950Mosaic Company New Wales, Florida 1,740Mosaic Company Tampa, Florida 900Mosaic Company Uncle Sam, LA 780Mosaic Company Plant City, Florida 950Potash Corporation of Saskatchewan Aurora, North Carolina 1,202Potash Corporation of Saskatchewan Geismar, LA 202Potash Corporation of Saskatchewan White Springs, Florida (3) 966Total United States 9,296Total Canadaand United States 9,641(1) Capacities figures are on a P 2 O 5 basis.(2) Closed in late 2014 due to bankrupcy.(3) Closed in early 2014.Source: IFA World Phosphate Capacities, June 201430 Agrium FACT BOOK 2015

industry participants production locations2014 Muriate of Potash Capacities and Locations(‘000 metric tonnes of K 2O per year)Company Site IFDC CapacityCanada Agrium Inc. Vanscoy, Saskatchewan 1,815 (1)Mosaic Company Belle Plaine, Saskatchewan 1,980Mosaic Company Colonsay, Saskatchewan 1,590Mosaic Company Esterhazy, Saskatchewan 3,510Potash Corporation of Saskatchewan Allan, Saskatchewan 1,830Potash Corporation of Saskatchewan Cory, Saskatchewan 1,830Potash Corporation of Saskatchewan Lanigan, Saskatchewan 2,320Potash Corporation of Saskatchewan Patience Lake, Saskatchewan 180Potash Corporation of SaskatchewanPenobsquis (Sussex),New BrunswickPotash Corporation of Saskatchewan Rocanville, Saskatchewan 1,830Total Canada 17,375490United States Intrepid Potash Carlsbad, New Mexico (East) 141Intrepid Potash Lea County, New Mexico (West) 236Intrepid Potash Moab, Utah 73Intrepid Potash Wendover, Utah 54Mosaic Company Carlsbad, New Mexico (2) 372Mosaic Company Hersey, Michigan (2) 64Total United States 940Total Canadaand United States 18,315(1) Post-expansion capacity.(2) Closed in 2014.Source: IFDC Worldwide Potash Capacity Listing by Plant, December 2014FACT BOOK 2015Agrium 31

AGRIUM RETAILAgrium’s Oakland, Illinois Retail facility32 Agrium FACT BOOK 2015

agrium retail: best in classAgrium RetailWe operate the largest global direct-to-grower agriculturalretail distribution operation. As of December 31, 2014, Agriumoperated a network of 900 retail facilities in the United States,320 retail facilities in Canada, 53 retail facilities in SouthAmerica and 222 retail locations in Australia.Agrium’s Retail operations offer farmers a complete range ofseed, liquid and dry fertilizer products, primary crop protectionproducts including herbicides, insecticides, fungicides, as wellas a range of related services.Agrium Retail ProductsCrop NutrientsnnPurchasing advantages from our economies of scale;Our integrated fertilizer application services providecustomers with expert advice and application services.Crop Protection ProductsnnSeedPurchasing advantages from our economies of scale;Proprietary Loveland brand crop protection products.nRapidly growing seed and private label Dyna-Gro andproven seed businesses;Merchandise, Services and OthernnMerchandise includes fencing, feed supplements andanimal health products;Services include product application, soil and leaf testingand crop scouting through a proprietary service knownas Echelon, a precision agriculture technology platformcurrently provided to ~31,000 grower customers on over19 MM acres in the US alone.FACT BOOK 2015Agrium 33

agrium retail: best in class(Dec, 2014)United States Canada South America AustraliaFarm Centers 602 267 44 -Satellites 235 37 3 -Terminals 48 9 - -Distribution Centers 11 7 - -Plants 4 - 2 2Warehouses - - 3 -Retail Blending Facility - - 1 -Company Owned - - - 188Franchise - - - 32Total 900 320 53 22234 Agrium FACT BOOK 2015

north america retail locationsCrop Production Services (CPS)Crop Production Services Canada (CPSC)Retail Head OfficeFACT BOOK 2015Agrium 35

crop production services (cps)(Dec, 2014)aacfiAlabama(11 locations)Ashford*AtmoreDothanHeadland*KinstonMadisonSelma (2 locations)Selma*Slocomb*Summerdale*Arizona(5 locations)ChandlerCoolidgeParkerTucsonYumaArkansas(37 locations)AltheimerBarton*Bay*Blytheville* (3 locations)CarawayCashClarendonCrawfordsville*Des Arc*DeValls Bluff*Dewitt*DiazGradyHazenHazen*Hoxie*Joiner*Lake City*LepantoMariannaMarianna*Marked TreeArkansas(continued)Marvell*McCroryMcGehee*Monette*MonticelloOsceola*Paragould*PortlandStuttgart*Wall Lake*Wheatley*Winchester*WynnecCalifornia(47 locations)AnaheimBakersfield (Mettler)Bakersfield* (2 locations)Bakersfield**Buttonwillow (Sat/Delano)*Cutler*DelanoDos Palos*Fallbrook*FirebaughFirebaugh*Five PointsFresnoGoleta*GreenfieldHanfordHollisterHuron*ImperialLemoore*MaderaMercedModesto (2 locations)Newman*OxnardCalifornia(continued)Oxnard* (2 locations)Paso RoblesRiversideSacramentoSalinasSan Jacinto*San MarcosSanta MariaSanta Maria*SebastopolStocktonTemeculaTipton (Pixley)*UkiahVernalisVisaliaWatsonvilleWatsonville*Yuba CityColorado(4 locations)Fort MorganGreeleyGreeley PYumaConnecticut(1 location)Broad BrookdDelaware(3 locations)MilfordSeafordSeaford**fFlorida(14 locations)Belle GladeBoynton Beach*Florida(continued)Fort PierceHastingsHomesteadImmokaleeJayLehigh AcresMulberryMulberry DCOkeechobeeParrishWauchulaWaverlygGeorgia(17 locations)AmericusArlington*BaxleyColquittDoerun*Donalsonville*GreensboroJesup*Leesburg**Meigs*MillenMoultrieOglethorpe*Swainsboro (2 locations)Swainsboro**Sylvester*hHawaii(4 locations)HiloKahuluiKuniaLihueIdaho(17 locations)American Falls-PleasantValley*BancroftBlackfoot**Buhl*BurleyCaldwell (2 locations)Glenns FerryHansenIdaho FallsKimberlyParmaPaul**RobertsRoberts**Rupert**WendellIllinois(87 locations)Alexis*AmboyAtlanta DCBaileyvilleBiggsville (Stronghurst)BlandinsvilleBrownsCambridgeCarlyleCarmiCatlinChatsworthCissna Park (FountainCreek)Clay CityColumbus*Danville**DixonDwightEdgewoodEvansville (Ruma)*Fairbury (2 locations)FerrisFlanagan** Satellites** TerminalsDC Distribution CenterP Plants36 Agrium FACT BOOK 2015

crop production services (cps)(Dec, 2014)iiiikIllinois(continued)Flora (2 locations)Flora*Franklin GroveGalesburgGladstone*GreenfieldGreenviewHoopestonIukaJacksonvilleJohnsonville*KeenesKeenes*Keithsburg*Lanark*Louisville*Manilus*MarissaMcLeansboroMelvinMetcalfMorrisonvilleMoweaqua*Mt. CarmelMt. Carmel**Mt. ErieMt. SterlingNeogaNew BadenNew BostonNiota** (2 locations)NokomisNorth Henderson*OaklandOld ShawneetownOlive Branch*OnargaOneidaParisPaxtonPleasant HillPontiacQuincyQuincy**Illinois(continued)RaleighRichmond (Belden)SauneminSciota*Shabbona*SheffieldShelbyvilleSheldonSidneySterlingStewardViolaWalnut*Walsh*WenonaWhitehallYates CityIndiana(49 locations)AmboyArcadiaAtticaBluffton*BoonvilleBrimfieldBrimfield**BrookvilleChalmersCharlottesvilleClarks HillDanaDelphiDeputy*FairmountFairmount (Isabel)*FranklinFultonGreensburgHatfieldHomerJasperLafayette (Buck Creek)LebanonLiberty**MooresvilleIndiana(continued)Oaktown*OdonOrleansOtwellPatokaPoseyvillePrincetonRoachdale**RushvilleScottsburg (Hibernia)Scottsburg*ShelburnStraughnSwitz CityTiptonTipton DCVincennes (Decker)WarrenWashingtonWaterloo**West LebanonWheatland*WilliamsburgIowa(55 locations)Agency*Anthon*AtalissaBattle Creek*BloomfieldBooneBraytonBredaCoin*CorningCrestonDanburyDyersvilleEarlville*EdgewoodEldon (2 locations)FairfieldGarnavilloGibsonIowa(continued)HancockHedrickHedrick*HopkintonIda GroveIrvingtonKeosauquaKeswickLowden*LuVerneLuVerne**MediapolisMediapolis*MingoMonticello*MoraviaMount UnionMovilleNevada**New SharonNorth English*OdeboltOgden*OskaloosaPrestonReinbeckSac City*South English*Union (Bangor)West UnionWhitingWinthropWinthrop*WorthingtonWyomingkKansas(50 locations)BeloitBeloit*BelpreBird City*Brewster*Burrton*Kansas(continued)CimarronClay CenterColbyColby*Collyer*ConcordiaCopeland (2 locations)Courtland*Downs*GalvaGarden City (2 locations)Garden City DCGaylord*GoddardGoodland (2 locations)Goodland (East)*Grainfield*Hill City*HoxieHunterJetmoreKinsleyLeotiLittle River*Lyons*MahaskaMinneapolisMontezuma*Morganville*Morrowville*OakleyOberlinPlains*Pratt*RepublicScott City (ShallowWater)*Smith CenterSubletteSublette*WaKeeneyWaterville* Satellites** TerminalsDC Distribution CenterP PlantsFACT BOOK 2015Agrium 37

crop production services (cps)(Dec, 2014)klmmmKentucky(39 locations)Allensville*Beaver DamCadizCampbellsvilleClarksonClayClinton*CynthianaEkronFancy FarmFranklinGlendaleGuthrie*HardinHendersonHodgenvilleHorse CaveKevilLebanonLexingtonMadisonville (Anton)*MayfieldMorganfieldMurray**Owensboro (2 locations)PembrokePoole*Russellville (2 locations)SacramentoSalem*SedaliaShelbyvilleSlaughters (Sat. ofAnton)* (2 locations)UptonUtica (Calhoun)*WaverlyLouisiana(26 locations)Bonita*BoyceBunkieBunkie*Coushatta*CrowvilleDelhi (2 locations)EltonGilliam*JonesvilleLake Providence(3 locations)Loreauville*Mer RougeNew RoadsNew Roads*Opelousas*Pioneer*RayvilleTallulahThibodauxVick*Ville Platte*WisnermMaine(2 locations)LewistonMapletonMaryland(9 locations)Boonsboro*Centerville*CentervilleDenton*East New MarketMassey*Pocomoke CityRosedaleWortonMassachusetts(4 locations)CarverFranklinSouth DeerfieldSterlingMichigan(31 locations)Ann ArborBear LakeBenton HarborBlissfieldBlissfield*Blissfield**BreckenridgeBrown CityCarrollton**ColdwaterDeckerville (Sat ofSandusky)*DowagiacGreenvilleHendersonLake Odessa (Woodbury)LinwoodMelvin*MendonMorenciMungerMuskegon**NottawaOwendaleSalineSanduskySpartaMichigan(continued)St. JohnsSunfieldSunfield DCSunfield**UblyMinnesota(17 locations)AldenBig LakeDasselFairmont (East Chain)HallockHallock*HarmonyLakefieldMoraPerham*PipestonePlainviewSargeantSauk CentreSlaytonWadena*WinthropMississippi(21 locations)Anguilla*Batesville*Benoit*Benton*Bolton*BoyleClarksdaleDuncan*Greenville PGreenwood*GrenadaHollandale*Holly Springs*HoustonIndianola*LelandMaconRolling Fork (2 locations)Mississippi(continued)Rolling Fork**TunicaMissouri(26 locations)Bowling Green (2 locations)CardwellCardwell*Caruthersville**ClarenceCooterEssex*Gilman City*GreentopHarrisonvilleHornersville*HughesvilleLa Plata*Marston**MemphisPalmyraParisParma*PerryPortageville (2 locations)SenathSikestonWestboroWhite Oak*Montana(6 locations)BelgradeBillingsBillings PFairviewGreat FallsHardin* Satellites** TerminalsDC Distribution CenterP Plants38 Agrium FACT BOOK 2015

crop production services (cps)(Dec, 2014)nnnooNebraska(22 locations)AshlandBeatriceBeemerBridgeportChesterColeridge*DavenportDeshlerEdgar*FairburyFairbury PFairmontHastingsImperialJohnsonKearneyLaurelLoomis**Mc CookSouth Sioux CitySuperiorThurstonNevada(3 location)Las Vegas*Sparks (Reno)Tonopah*New Jersey(3 locations)BridgetonNorth BrunswickPittstownNew Mexico(7 locations)Artesia (2 locations)Artesia*Hatch*PortalesSocorroVadoNew York(14 locations)AmeniaAvonBohemiaBrookhaven*CohoctonFancher (2 locations)GoshenLockport*MiltonMt Morris*Oswego**Rochester*SodusNorth Carolina(46 locations)Albemarle (Millingport)*AlbertsonBelgrade (Maysville)*BelhavenBrown SummitBunn*Clinton (2 locations)ConwayCreswellElizabeth City*EnfieldErwinFairfieldFairmont*Four Oaks*Greenville*HendersonvilleJeffersonLaurinburgLumbertonMonroe*NashvilleNewlandNorwood (Porter)Pantego*PrincetonRed Springs*Rocky MountSalemburgNorth Carolina(continued)SanfordShawboroShelby*Snow HillSophiaStatesville (Harmony)Tarboro DCTrentonVanceboroWashingtonWilmington** (3 locations)WilsonWilson**YadkinvilleNorth Dakota(14 locations)BismarckBismarck*DickinsonGrace CityGraftonGrand ForksGrand Forks DCHatton*Jamestown (2 locations)MapletonMinotWahpetonWillistonoOhio(41 locations)AnsoniaAttica**BainbridgeBotkinsBradfordCarey*ColumbusDelphosDunkirkOhio(continued)EatonEdison (Mt Gilead)FindlayFort Jennings (Ottoville)*FrankfortGreenvilleGreenville**HamlerJeffersonvilleJeromesville*Leipsic*Maumee**MidlandMilford Center(Unionville)MowrystownMt. SterlingMt. Sterling DCMt. Sterling**OttawaOttawa**PolkSabinaSidney (Kirkwood)Sidney (Kirkwood)**(2 locations)ThurstonUpper SanduskyUrbana*Washington CourtHouse** (2 locations)West JeffersonWest Leipsic*Oklahoma(7 locations)AltusArapahoChattanooga**GuymonHookerTyrone*Webbers FallsOregon(11 locations)AthenaBaker City (Sat ofLaGrande)*GreshamHermistonLa GrandeNorth Powder*PendletonRickreallSalemSalem (Hopmere)TangentpPennsylvania(6 locations)BiglervilleBloomsburgButlerChambersburgHoltwoodTyronesSouthCarolina(10 locations)AynorBishopvilleDarlington DC (2 locations)Hemingway*KingstreeLake City*Orangeburg (2 locations)StarrSouth Dakota(6 locations)Elk PointHarroldMecklingNorthvilleSpearfishVermillion* Satellites** TerminalsDC Distribution CenterP PlantsFACT BOOK 2015Agrium 39

crop production services (cps)(Dec, 2014)ttuwwTennessee(20 locations)BellsBrownsvilleClarksvilleCovingtonDyersburgEthridgeFriendship*Henderson*HillsboroHuntingdonMilanPalmersville*Portland*Puryear*RidgelyUnion City (2 locations)Union City DCUnion City**WhitevilleTexas(60 locations)Ballinger*Big SpringBlessing*BrownfieldBrownfield*CaldwellClarendonCotton CenterCoyanosa*De Leon*Dell CityDenver City*DimmittDimmitt (Hereford)*DodsonDumasEdinburg*EdnaEl CampoFloydadaHarlingen*Hereford*Texas(continued)HillsboroHoustonIdalouKnox CityLamesaLamesa*LevellandMoodyMorton*OltonPalmerParis*PittsburgPlainsPlains*PlainviewPleasanton*Punkin Center*RobstownRoscoeRosenbergSanta RosaSeagraves (2 locations)Seagraves*SeminoleSeminole*Slaton (3 locations)StamfordTaftTahokaTaylorTaylor*Victoria**Waco**Wharton*Utah(1 location)Tremonton*vVermont(1 location)AddisonvVirginia(17 locations)Belle HavenChase City*CloverdaleColonial HeightsCrystal HillEastville*Haynesville (Sat of NorthNeck)Heathsville (Sat ofHayneville)*Hopewell*IvorMelfa (Keller)Mt. Holly (NorthernNeck)*Prince George**SealstonSouth HillSt Stephens Chruch(Aylett)WylliesburgWashington(24 locations)Almira*ConnellCoulee CityDavenportEndicott*Harrington*Mansfield*Moses Lake*Okanogan*OthelloPasco (3 locations)Plymouth*Plymouth**PomeroyPrescott*QuincyReardan*RosaliaSt. JohnToppenishWalla WallaWatervilleWisconsin(5 locations)DeForestGalesvilleJanesvillePlainfield (2 locations)* Satellites** TerminalsDC Distribution CenterP Plants40 Agrium FACT BOOK 2015

crop production services canada (cpsc) (1)(Dec, 2014)aaammAlberta(111 locations)BalzacBarrheadBeaverlodge*BeisekerBentleyBonnyvilleBow Island (2 locations)BoyleBrooksBroxburnCalgaryCalgary**Calgary DCCamrose (2 locations)CareslandCarstairsCastorChin**ClaresholmCoaldaleCoronationCrossfieldDayslandDaysland*DelburneDeliaDidsburyEaglesham*EdgertonEnchantFahlerFairview (2 locations)Falher*ForemostForestburgFort MacleodFort SaskatchewanFort Saskatchewan**(2 locations)Grassy LakeGrimshawAlberta(continued)Hairy HillHerrontonHigh PrairieHigh RiverHytheHythe*InnisfreeIrmaIron SpringsKillamLacombeLeducLloydminsterLougheedMagrathManningMarwayneMedicine Hat (2 locations)Medicine Hat* (3 locations)Milk River*MiloMyrnamNampa*Nanton*New DaytonNipawinOyenParadise ValleyPenholdPicture Butte**Picture Butte*Ponoka (2 locations)Red DeerRimbeyRosalindRosebudRosedaleRyleySexsmithSmokey LakeSpirit RiverSpirit River* (2 locations)St.PaulAlberta(continued)StettlerStony PlainStromeTaber (2 locations)Taber*TorringtonTrochu (2 locations)Valleyview*VauxhallVegrevilleVermillionVikingWainwrightWanhamWarnerWelling*WestlockbBritishColumbia(7 locations)AbbotsfordDeltaFort St. JohnKelownaLangley DCVancouverVictoriamManitoba(58 locations)ArborgBeausejourBeausejour*BenitoBinscarth*Birch RiverBoissevainBrandon**BrunkildManitoba(continued)CarberryCarmanCartwrightDarlingfordDeloraineDufrost*DunreaFannystelleFisher BranchFork RiverForrestFoxwarren*FranklinGilbert PlainsGladstoneGlenboroGretnaGriswoldGrosse IsleHamiotaHargraveHollandLowe FarmMiamiMinitonasMinnedosaNingaPetersfield*Pilot MoundPlum Coulee (Kane)Portage La Praire DCPortage La PrairiePortage La Prairie*Rathwell*RestonRoblinRussellSelkirkSourisSouris*St Jean BaptisteStarbuck*Ste AgatheSte AnneManitoba(continued)Swan RiverTeulonThe PasWinklerWinkler**oOntario(4 locations)BrantfordCambridge DCDorchester DCKingsvilleqQuébec(1 location)Coteau-du-Lac DCsSaskatchewan(139 locations)AberdeenAlbertvilleAssiniboia*BalcarresBeechy*Biggar (2 locations)Birch Hills*BrunoBuchananCanora (2 locations)CarnduffCentral ButteChoicelandCodetteColonsayConsulCraikCudworthCupar(1) All DC locations are former legacy UAP locations.* Satellites** TerminalsDC Distribution CenterFACT BOOK 2015Agrium 41

crop production services canada (cpsc) (1)(Dec, 2014)sSaskatchewan(continued)DavidsonDelisleDinsmoreDinsmore*DrakeEatoniaEdamElroseElstow**EstonEyebrowFairlightFillmoreFoam LakeFrancis (2 locations)GeraldGravelbourgGrenfellGull LakeHagenHagueHoeyHumboldtIndian HeadItunaKamsack*KelvingtonKerrobertKindersleyKinistino (2 locations)KiplingLandisLanghamLanigan*LeaderLeaskLembergLestockLibertyLintlaw*sSaskatchewan(continued)Lucky LakeLumsdenLuselandMacklinMaidstoneMajorMankotaMantario*MaymontMeadow LakeMelfortMelvilleMiddle LakeMontmartreMoose Jaw (2 locations)MoosominMorseNeilburgNorth BattlefordNorth Battleford (Hamlin)OslerOutlookOxbowParadise HillParksidePellyPerduePonteixPorcupine PlainPrince AlbertQuill LakeRadissonRadville*RaymoreRedvers (2 locations)Regina (2 locations)Regina DCRegina**RockhavenRosetownsSaskatchewan(continued)RosthernSaskatoonShaunavonShaunavon*ShellbrookSoutheySpiritwoodSt BrieuxStougtonStrongfield*SturgisSwift CurrentTheodoreTisdaleTorquayValparaisoViscountWadenaWakawWaldronWatrous (2 locations)WatsonWeyburn (2 locations)WhitewoodWilkieWolseleyWoodrowWynyardYellow GrassYorkton (2 locations)(1) All DC locations are former legacy UAP locations.* Satellites** TerminalsDC Distribution Center42 Agrium FACT BOOK 2015

south america retail locations (asp)Agroservicios Pampeanos (ASP)Retail Head OfficeFACT BOOK 2015Agrium 43

south america retail locations (asp)(Dec, 2014)Agroservicios PampeanosArgentina Chile Uruguay BrazilFarm Centers 39 0 5 0Chemical Formulation Plants 1 0 0 0Fertilizer Plant 1 0 0 0Satellites 3 0 0 0Chemical Storage Warehouses 1 2 0 0Retail Blending Facility 0 0 0 1Total 45 2 5 1ArgentinabcemsBuenos Aires(20 locations)AlberdiAmericaBalcarceBolívarColonia HinojoColonia Hinojo PCoronal SuárezCucha CuchaEl ArbolitoFrenchGardeyGeneral Villegas*LincolnMechitaO’HigginsPieresSan Antonio de ArecoTreinta de AgostoTrenque Lauquen*Tres ArroyosCórdoba(10 locations)Cnel. BaigorriaColonia BismarkGeneral RocaGral. CabreraJesús MaríaLa CarlotaLaboulayeLaguna LargaMonte Buey*Villa MaríaEntre Ríos(3 locations)ParanáVictoriaVillaguayMendoza(1 location)CuyopLa Pampa(1 location)General PicoSalta(1 location)Rosario de la FroteraSanta Fe(9 locations)CasildaCasilda PChapuyCol Casilda WGálvezLa CaliforniaPeyranoRafaelaSan Genaro* Satellites P Plants W Warehouses44 Agrium FACT BOOK 2015

south america retail locations (asp)(Dec, 2014)Brazil Chile UruguaysccSão Paulo(1 location)Itapetininga PCautÍn(1 location)Temuco WeElqui(1 location)Coquimbo WColonia(1 location)TararirasdDurazno(1 location)DuraznopPaysandú(1 location)ConstanciarRío Negro(1 location)YoungsSoriano(1 location)DoloresFACT BOOK 2015Agrium 45

landmark retail locationsLandmark BranchRetail Head Office46 Agrium FACT BOOK 2015

landmark retail locations(Dec, 2014)nnqssNew SouthWales(59 locations)AlburyArdlethanAriah ParkArmidaleBarrabaBombalaBraidwoodBroken HillCobarCoomaCoonambleCootamundraCowraCrookwellDelegateDeniliquinDubboFinleyForbesGilgandraGlen InnesGoulburnGriffithGunnedahGuyraHayHillstonHolbrookInverellLavingtonLismoreLockhartManillaMarrarMerriwaMoreeMoss ValeMudgeeMungindiNarrabriNarranderaNarromineNynganParkesQuirindiNew SouthWales(continued)Rutherford (Maitland)SconeTamworthTemoraUranaWagga WaggaWalchaWalgettWalla WallaWarrenWee WaaWest WyalongYassYoungNorthernTerritory(2 locations)Alice SpringsYarrawongaQueensland(42 locations)AyrBallandeanBiloelaBlackallBowenBundabergCharlevilleCharters TowersChinchillaClermontCloncurryCunnamullaDalbyEmeraldGattonGoondiwindiGympieHome HillHughendenInjuneLongreachMackayMareebaMitchellMundubberaOakeyPittsworthQuilpieRichmondRockhamptonRomaSt GeorgeStanthorpeTamboTaroomTolgaToowoombaTullyWallavilleWandoanWintonYandinaSouthAustralia(49 locations)BalaklavaBerriBordertownBurraButeCavanCedunaClareCleveCooke PlainsCowellCumminsEudundaGawlerJamestownKadinaKapunda (2 locations)KaroondaKeithKimbaKingscoteKingstonLamerooLockLoxtonLucindaleMelroseMillicentMinlatonMt CompassMt GambierMt Pleasant (2 locations)Murray BridgeNaracoorteOrrorooPadthawayPenolaPeterboroughPort AugustaRivertonSnowtownStrathalbynStreaky BaySouthAustralia(continued)TintinaraTumby BayWarookaWudinnatTasmania(2 locations)LatrobeLauncestonFACT BOOK 2015Agrium 47

landmark retail locations(Dec, 2014)vVictoria(44 locations)AlexandraAraratBairnsdaleBallarat SouthBannockburnBenallaBendigoBerriwillockBirchipCastertonCobdenDandenong PDonaldEchucaElmoreEuroaFosterHamiltonHorshamKanivaKerangKynetonLeongathaManangatangMilduraNangilocOuyenRobinvaleSeymourSheppartonSkiptonSt ArnaudStawellSwan HillTimboonTraralgonWandin (Yarra Valley)WangarattaWarracknabealWarrnamboolWodongaWonthaggiYarramYeawWesternAustralia(24 locations)AlbanyBadgingarraBroomeBruce RockBunburyCarnarvonDalwallinuDandaraganEsperanceGeraldtonGnowangerupKatanningKwinana PLake GraceManjimupMerredinMidvaleMooraMount BarkerMullewaNarroginSalmon GumsTambellupWongan HillsPPlants48 Agrium FACT BOOK 2015

industry participants – united states retailTop United States Retail Companies – 2014 (1)(by total sales)RankCompanyHeadquartersLocation#StatesServed#RetailOutletsYears inCropLife100% CropProtectionSales%FertilizerSales%SeedSales%CustomApp.1 Agrium Retail (CPS) Loveland, CO 45 720 (2) 31 34% 47% 16% 3%2 Helena Chemical Collierville, TN 48 420 30 39% 39% 18% 4%3 GROWMARK Bloomington, IL 10 580 28 17% 60% 17% 6%4 Wilbur-Ellis San Francisco, CA 23 174 29 43% 44% 7% 6%5 CHSInver GroveHeights, MN16 308 28 24% 54% 18% 4%6 Pinnacle Holdings Memphis, TN 26 160 2 36% 33% 24% 7%7 Simplot Retail Boise, ID 14 90 30 38% 55% 5% 2%8 MFA Columbia, MO 5 186 22 22% 55% 18% 5%91011Southern StatesCooperativeTennessee FarmersCooperativeSouth DakotaWheat GrowersRichmond, VA 10 201 25 15% 53% 28% 4%LaVergne, TN 5 150 23 23% 56% 20% 1%Aberdeen, SD 2 42 24 21% 49% 22% 8%12 Co-Alliance Avon, IN 3 25 15 21% 56% 18% 5%13 Central Valley Ag O'Neill, NE 1 23 11 19% 65% 11% 5%14 Hefty Seed Baltic, SD 9 34 13 67% 10% 23% –15 Cargill Ag Horizons Wayzata, MN 7 16 28 14% 70% 9% 7%16 The McGregor Co. Colfax, WA 5 43 31 38% 54% 4% 4%(1) Source: CropLife Magazine, CropLife 100 Report, December 2014(2) 720 as per CropLife; Agrium has a total of more than 1,200 retail outlets (869 farm centers, 18 distribution centers, 272 satellites and 57 terminals).FACT BOOK 2015Agrium 49

AGRICULTURAL STATISTICS50 Agrium FACT BOOK 2015

agricultural statisticsGlobal Total Grains Supply/Demand(million metric tonnes)Year Output Total Supply Trade Total UseEndingStocksStocks toUse Ratio2014/15(p) 2,471 2,973 350 2,454 519 21%2013/14(e) 2,471 2,924 372 2,423 501 21%2012/13 2,266 2,738 299 2,284 453 20%2011/12 2,314 2,778 343 2,309 469 20%2010/11 2,199 2,691 284 2,230 461 21%2009/10 2,234 2,686 290 2,199 487 22%2008/09 2,241 2,610 286 2,160 451 21%2007/08 2,122 2,463 276 2,101 363 17%2006/07 2,005 2,393 260 2,053 340 17%2005/06 2,019 2,423 253 2,033 390 19%2004/05 2,043 2,401 241 1,994 408 20%2003/04 1,858 2,302 241 1,947 354 18%2002/03 1,816 2,352 241 1,910 442 23%(e) Estimated(p) ProjectedSource: USDA WASDE-537, January 2015FACT BOOK 2015Agrium 51

agricultural statisticsCrop Cycles: Growing Seasons for Key Global RegionsCornSeeding MonthsHarvest MonthsUnited States April – May October – NovemberChina February – April July – AugustBrazil 1 st Crop October – December February – June2 nd Crop January – February June – SeptemberArgentina October – December March – JuneWestern Europe March – May September – NovemberWheatUnited States – Winter September – October June – AugustUnited States – Spring April – May July – SeptemberCanada – Spring May – June August – OctoberChina – Winter September – October May – JuneArgentina – Winter June – August November – JanuaryAustralia May – June October – DecemberSoybeansUnited States May – June October – NovemberBrazil 1 st Crop October – December March – May2 nd Crop April August – SeptemberArgentina 1 st Crop November – January April – May2 nd Crop December – January May – JuneCanada May – June September – NovemberRiceUnited States April – May September – OctoberIndia May – August (Kharif) October – JanuaryNovember – February (Rabi)March – MayChina April – May (single crop) August – SeptemberMarch – April (double crop – early)June – JulyJune – July (double crop – late)October – NovemberBrazil November – December (center– south) February – MayJanuary – February (north and northeast)June – AugustSource: USDA FAS52 Agrium FACT BOOK 2015

agricultural statisticsFertilizer CalendarQ1 Q2 Q3 Q4North America Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecCornSoybeansWinter WheatCanola/Spring WheatAustraliaWinter WheatArgentinaCornSoybeansChinaCorn (North and South)RiceWinter WheatSpring WheatIndiaRiceWinter WheatBrazilCorn 1 st Crop (58% of Total Corn)Corn 2 nd Crop (42% of Total Corn)SoybeansSugarcaneEuropeWinter WheatFertilizer ApplicationPlantHarvestSource: USDA, Major World Crop Areas and Climatic Profiles, Agricultural Handbook No. 664AgriumFACT BOOK 2015Agrium 53

agricultural statisticsCrops: Area, Production and Stocks – United States(million bushels and million acres)WheatYearAreaPlantedAreaHarvestedYield(bu/ac)ProducedTotalUseEndingStocksStocks toUse RatioAvg. FarmPrice ($/bu)2014/15(p) 56.8 46.4 43.7 2,026 2,109 687 33% 6.102013/14(e) 56.2 45.3 47.1 2,135 2,431 590 24% 6.872012/13 55.3 48.8 46.2 2,252 2,400 718 30% 7.772011/12 54.4 45.7 43.7 1,999 2,231 743 33% 7.242010/11 53.6 47.6 46.3 2,207 2,417 862 36% 5.702009/10 59.2 49.9 44.5 2,218 2,018 976 48% 4.872008/09 63.2 55.7 44.9 2,499 2,275 657 29% 6.782007/08 60.5 51.0 40.2 2,051 2,314 306 13% 6.482006/07 57.3 46.8 38.7 1,812 2,049 456 22% 4.26SoybeansYearAreaPlantedAreaHarvestedYield(bu/ac)ProducedTotalUseEndingStocksStocks toUse RatioAvg. FarmPrice ($/bu)2014/15(p) 83.7 83.1 47.8 3,969 3,666 410 11% 10.202013/14(e) 76.8 76.3 44.0 3,358 3,478 92 3% 13.002012/13 77.2 76.1 40.0 3,042 3,111 141 5% 14.402011/12 75.0 73.8 41.9 3,094 3,155 169 5% 12.502010/11 77.4 76.6 43.5 3,329 3,280 215 7% 11.302009/10 77.5 76.4 44.0 3,359 3,361 151 4% 9.592008/09 75.7 74.7 39.7 2,967 3,047 138 5% 9.972007/08 64.7 64.1 41.7 2,677 3,056 205 7% 10.102006/07 75.5 74.6 42.7 3,188 3,073 574 19% 6.43(e) Estimated(p) ProjectedSource: USDA WASDE-537, January 201554 Agrium FACT BOOK 2015

agricultural statisticsCorn Supply and Use – United States(million bushels and million acres)YearBeginStocksAreaPlantedAreaHarvestedYield(bu/ac)ProducedTotalSupplyTotalDomUseExportsEndStocksStocks toUse RatioDaysSupplyAvgFarm Price($/bu)2014/15(p) 1,232 91 83 171 14,216 15,472 13,595 1,750 1,877 14% 50 3.652013/14(e) 821 95 88 158 13,829 14,686 13,454 1,917 1,232 9% 33 4.462012/13 989 97 87 123 10,755 11,904 11,083 730 821 7% 27 6.892011/12 1,128 92 84 147 12,360 13,517 10,985 1,543 989 9% 33 6.222010/11 1,708 88 81 153 12,447 14,182 11,221 1,834 1,128 10% 37 5.182009/10 1,673 86 80 165 13,092 14,774 11,079 1,987 1,708 15% 56 3.552008/09 1,624 86 79 154 12,092 13,729 10,207 1,849 1,673 16% 60 4.062007/08 1,304 94 87 151 13,038 14,362 10,300 2,437 1,624 16% 58 4.202006/07 1,967 78 71 149 10,535 12,514 9,086 2,125 1,304 14% 52 3.042005/06 2,114 82 75 148 11,114 13,237 9,122 2,147 1,967 22% 79 2.002004/05 958 81 74 160 11,807 12,776 8,844 1,818 2,114 24% 87 2.062003/04 1,087 79 71 142 10,089 11,190 8,335 1,897 958 11% 42 2.422002/03 1,596 79 69 129 8,967 10,578 7,903 1,588 1,087 14% 50 2.322001/02 1,899 76 69 138 9,507 11,416 7,915 1,889 1,596 20% 74 1.972000/01 1,718 80 72 137 9,915 11,639 7,805 1,935 1,899 24% 89 1.851999/00 1,787 77 71 134 9,431 11,232 7,587 1,937 1,718 23% 83 1.821998/99 1,308 80 73 134 9,759 11,085 7,318 1,981 1,787 24% 89 1.941997/98 883 80 73 127 9,207 10,099 7,287 1,504 1,308 18% 66 2.431996/97 426 80 73 127 9,293 9,733 7,054 1,795 883 13% 46 2.701995/96 1,558 71 65 114 7,374 8,947 6,294 2,228 426 7% 25 3.24(e) Estimated(p) ProjectedSource: USDA WASDE-537, January 2015FACT BOOK 2015Agrium 55

agricultural statisticsPlanted Area and Production by Crop – Western CanadaArea (1)(‘000 of acres)2014(e) 2013 2012 2011 2010 2009 2008 2007Winter Wheat 875 935 1,245 619 605 915 1,370 1,050Spring Wheat 17,158 18,818 16,720 15,496 16,159 16,705 15,930 14,787Durum Wheat 4,750 4,965 4,680 4,011 3,150 5,660 6,030 4,765Oats 2,478 2,860 2,548 2,879 2,585 3,315 3,930 4,890Barley 5,554 6,695 7,005 6,191 6,405 8,150 8,780 10,255Rye 210 225 300 260 275 365 350 300Flaxseed 1,555 1,050 980 740 915 1,685 1,560 1,305Canola 20,255 19,835 21,895 18,860 17,475 16,450 16,060 15,700Peas 3,795 3,325 3,730 2,436 3,625 3,760 3,985 3,630Major Crops 56,630 58,708 59,102 51,491 51,194 57,006 57,995 56,681Summer Fallow 4,595 3,800 4,335 11,763 10,671 5,936 5,951 7,065Production(‘000 of tonnes)2014(e) 2013 2012 2011 2010 2009 2008 2007Winter Wheat 1,203 1,468 1,949 825 869 1,119 1,983 1,389Spring Wheat 20,880 26,939 18,540 17,719 17,169 18,132 17,904 13,361Durum Wheat 5,193 6,505 4,627 4,172 3,025 5,400 5,519 3,681Oats 2,615 3,607 2,495 2,839 2,071 2,579 3,959 4,210Barley 6,702 9,748 7,489 7,432 6,984 8,925 11,214 10,238Rye 154 194 307 210 197 243 252 209Flaxseed 847 724 489 399 419 915 861 634Canola 15,496 17,876 13,767 14,498 12,688 12,830 12,560 9,555Peas 3,445 3,961 3,341 2,502 3,018 3,379 3,565 2,935Major Crops 56,535 71,022 53,002 50,597 46,439 53,521 57,816 46,211(1) Refers to seeded area.(e) EstimatedSource: CANSIM Table 001-0010, Statistics Canada, January 2015. All Source data now taken from CANSIM table.56 Agrium FACT BOOK 2015

agricultural statisticsCrop Production – ArgentinaArea Harvested(millions ha)Yield(tonnes/ha)Production(millions tonnes)Corn seed December, harvest April2014/15(p) 2.95 7.97 23.502013/14(e) 3.40 7.65 26.002012/13 4.00 6.75 27.002011/12 3.60 5.83 21.002010/11 3.75 6.72 25.202009/10 3.00 8.33 25.002008/09 2.50 6.20 15.502007/08 3.41 6.45 22.022006/07 2.80 8.04 22.502005/06 2.44 6.48 15.80Soybean seed November, harvest May2014/15(p) 19.80 2.83 56.002013/14(e) 19.80 2.73 54.002012/13 19.40 2.54 49.302011/12 17.58 2.28 40.102010/11 18.30 2.68 49.002009/10 18.60 2.93 54.502008/09 16.00 2.00 32.002007/08 16.37 2.82 46.202006/07 16.30 2.99 48.802005/06 15.20 2.66 40.50(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 2015FACT BOOK 2015Agrium 57

agricultural statisticsCrop Production – ArgentinaArea Harvested(millions ha)Yield(tonnes/ha)Production(millions tonnes)Wheat seed June, harvest January2014/15(p) 4.20 2.98 12.502013/14(e) 3.50 3.00 10.502012/13 3.60 2.58 9.302011/12 5.17 3.00 15.502010/11 4.85 3.55 17.202009/10 4.00 3.00 12.002008/09 5.25 2.10 11.002007/08 6.58 2.83 18.602006/07 6.21 2.62 16.302005/06 5.47 2.52 13.80(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, 1-14, January 201558 Agrium FACT BOOK 2015

agricultural statisticsCrop Production – BrazilCornArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 15.00 5.00 75.002013/14(e) 15.80 5.06 80.002012/13 15.80 5.16 81.502011/12 15.20 4.80 73.002010/11 13.80 4.16 57.402009/10 12.93 4.34 56.102008/09 14.10 3.62 51.002007/08 14.70 3.99 58.602006/07 14.00 3.64 51.002005/06 12.90 3.23 41.70Soybean2014/15(p) 31.50 3.00 94.502013/14(e) 30.10 2.88 86.702012/13 27.70 2.96 82.002011/12 25.00 2.66 66.502010/11 24.20 3.11 75.302009/10 23.50 2.94 69.002008/09 21.70 2.66 57.802007/08 21.30 2.86 61.002006/07 20.70 2.85 59.002005/06 22.23 2.56 57.00(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 2015FACT BOOK 2015Agrium 59

agricultural statisticsCrop Production – Europe and Former Soviet Union (1)BarleyArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 28.14 3.44 96.942013/14(e) 27.22 3.31 90.062012/13 26.66 3.08 82.032011/12 26.56 3.21 85.302010/11 24.91 3.07 76.412009/10 30.12 3.31 99.562008/09 31.80 3.42 108.742007/08 29.86 2.89 86.222006/07 32.08 2.88 92.272005/06 29.98 2.86 85.81Canola2014/15(p) 9.37 3.07 28.782013/14(e) 9.54 2.71 25.852012/13 8.50 2.69 22.872011/12 8.90 2.51 22.342010/11 9.12 2.58 23.482009/10 8.66 2.88 24.972008/09 8.67 2.69 23.362007/08 8.29 2.47 20.502006/07 6.50 2.69 17.492005/06 5.49 2.99 16.40(1) EU-28: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania,Luxemburg, Malta, Netherlands, Poland, Portugal, Romania, Slovenia, Spain, Sweden, United KingdomFormer Soviet Union-12: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Union of Soviet SocialistRepublics, UzbekistanOther Europe: Albania, Azores, Bosnia and Herzegovina, Former Yugoslavia, Gibraltar, Iceland, Kosovo, Macedonia, Montenegro, Norway, Serbia, Switzerland(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 201560 Agrium FACT BOOK 2015

agricultural statisticsCrop Production – Europe and Former Soviet Union (1)CornArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 19.34 6.51 125.872013/14(e) 19.55 6.08 118.892012/13 18.71 5.14 96.122011/12 16.86 6.53 110.052010/11 14.44 5.89 85.002009/10 14.21 5.97 84.842008/09 15.89 5.93 94.252007/08 14.48 4.72 68.312006/07 13.84 5.53 76.502005/06 14.53 5.84 84.93Sunflower Seed2014/15(p) 17.02 1.73 29.502013/14(e) 17.91 1.82 32.542012/13 17.08 1.47 25.102011/12 18.29 1.59 29.142010/11 15.87 1.36 21.532009/10 15.57 1.42 22.072008/09 15.18 1.49 22.642007/08 12.46 1.23 15.322006/07 15.07 1.33 20.092005/06 13.76 1.34 18.42(1) EU-28: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania,Luxemburg, Malta, Netherlands, Poland, Portugal, Romania, Slovenia, Spain, Sweden, United KingdomFormer Soviet Union-12: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Union of Soviet SocialistRepublics, UzbekistanOther Europe: Albania, Azores, Bosnia and Herzegovina, Former Yugoslavia, Gibraltar, Iceland, Kosovo, Macedonia, Montenegro, Norway, Serbia, Switzerland(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 2015FACT BOOK 2015Agrium 61

agricultural statisticsCrop Production – Europe and Former Soviet Union (1)WheatArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 74.27 3.66 272.192013/14(e) 74.49 3.38 251.802012/13 70.79 3.04 215.262011/12 76.41 3.36 256.762010/11 72.65 3.04 220.882009/10 79.53 3.24 257.552008/09 78.29 3.47 271.432007/08 72.17 3.01 216.872006/07 70.24 3.05 213.932005/06 74.51 3.05 227.30(1) EU-28: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania,Luxemburg, Malta, Netherlands, Poland, Portugal, Romania, Slovenia, Spain, Sweden, United KingdomFormer Soviet Union-12: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Union of Soviet SocialistRepublics, UzbekistanOther Europe: Albania, Azores, Bosnia and Herzegovina, Former Yugoslavia, Gibraltar, Iceland, Kosovo, Macedonia, Montenegro, Norway, Serbia, Switzerland(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 201562 Agrium FACT BOOK 2015

agricultural statisticsCrop Production – Asia (1)CornArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 58.11 4.81 279.472013/14(e) 57.44 4.93 283.182012/13 55.35 4.81 266.362011/12 53.65 4.68 251.262010/11 52.10 4.47 232.672009/10 50.66 4.19 212.382008/09 49.47 4.44 219.852007/08 49.11 4.17 204.762006/07 47.27 4.18 197.742005/06 44.80 4.09 183.14Rice2014/15(p) 141.90 3.02 425.602013/14(e) 142.09 3.02 428.552012/13 140.04 3.03 424.032011/12 141.54 2.97 420.652010/11 138.90 2.89 400.762009/10 138.10 2.86 395.052008/09 140.45 2.88 404.102007/08 137.93 2.84 391.182006/07 137.30 2.76 378.602005/06 136.32 2.76 375.89(1) Asia includes East Asia, South Asia, Southeast Asia.East Asia: China, Hong Kong, Japan, North Korea, South Korea, Macau, Mongolia, Ryukyu Is-Nansei Is, Taiwan.South Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Southern Asia NEC, Sri LankaSoutheast Asia, Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 2015FACT BOOK 2015Agrium 63

agricultural statisticsCrop Production – Asia (1)Area Harvested(millions ha)Yield(tonnes/ha)Production(millions tonnes)Cotton Units of measure are “million 480lb bales”2014/15(p) 20.58 3.51 72.212013/14(e) 19.93 3.74 74.452012/13 20.78 3.56 74.042011/12 21.18 3.53 74.822010/11 19.07 3.43 67.532009/10 19.04 3.48 66.192008/09 18.78 3.67 68.852007/08 19.07 3.69 70.342006/07 18.83 3.59 67.652005/06 17.78 3.26 58.03Wheat2014/15(p) 67.98 3.78 256.792013/14(e) 67.17 3.71 249.132012/13 67.18 3.71 249.062011/12 66.20 3.57 236.092010/11 65.85 3.45 227.492009/10 65.44 3.48 227.822008/09 64.14 3.40 217.872007/08 64.15 3.36 215.802006/07 62.27 3.30 205.712005/06 61.73 3.16 194.81(1) Asia includes East Asia, South Asia, Southeast Asia.East Asia: China, Hong Kong, Japan, North Korea, South Korea, Macau, Mongolia, Ryukyu Is-Nansei Is, Taiwan.South Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Southern Asia NEC, Sri LankaSoutheast Asia, Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 201564 Agrium FACT BOOK 2015

agricultural statisticsCrop Production – ChinaWheatArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 24 5.23 1262013/14(e) 24 5.06 1222012/13 24 4.99 1212011/12 24 4.84 1172010/11 24 4.75 1152009/10 24 4.74 1152008/09 24 4.76 1122007/08 24 4.61 1092006/07 24 4.59 1082005/06 23 4.28 97Corn2014/15(p) 37 5.82 2162013/14(e) 36 6.02 2182012/13 35 5.87 2062011/12 34 5.75 1932010/11 33 5.45 1772009/10 31 5.26 1642008/09 30 5.56 1662007/08 29 5.17 1522006/07 28 5.33 1522005/06 26 5.29 139(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 2015FACT BOOK 2015Agrium 65

agricultural statisticsCrop Production – ChinaRiceArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 30 6.81 1452013/14(e) 30 6.72 1432012/13 30 6.78 1432011/12 30 6.69 1412010/11 30 6.55 1372009/10 30 6.59 1372008/09 29 6.56 1342007/08 29 6.43 1302006/07 29 6.28 1272005/06 29 6.26 126(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 201566 Agrium FACT BOOK 2015

agricultural statisticsCrop Production – IndiaWheatArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 31 3.13 962013/14(e) 30 3.12 942012/13 30 3.18 952011/12 29 2.99 872010/11 28 2.84 812009/10 28 2.91 812008/09 28 2.79 792007/08 28 2.71 762006/07 26 2.63 692005/06 27 2.59 69Rice2014/15(p) 43 3.58 1032013/14(e) 44 3.64 1072012/13 42 3.72 1052011/12 44 3.58 1052010/11 43 3.36 962009/10 42 3.19 892008/09 45 3.28 992007/08 44 3.31 972006/07 44 3.18 932005/06 43 3.17 92(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 2015FACT BOOK 2015Agrium 67

agricultural statisticsCrop Production – Australia and New ZealandBarleyArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 3.87 2.16 8.362013/14(e) 4.00 2.52 10.092012/13 3.71 2.13 7.912011/12 3.78 2.26 8.542010/11 3.73 2.22 8.302009/10 4.47 1.85 8.272008/09 5.07 1.66 8.402007/08 4.95 1.53 7.562006/07 4.23 1.10 4.662005/06 4.46 2.22 9.88Canola2014/15(p) 2.71 1.26 3.412013/14(e) 2.65 1.43 3.802012/13 3.27 1.27 4.142011/12 2.46 1.39 3.432010/11 2.08 1.14 2.362009/10 1.71 1.12 1.922008/09 1.69 1.09 1.842007/08 1.28 0.95 1.212006/07 1.05 0.54 0.572005/06 0.97 1.46 1.42(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 201568 Agrium FACT BOOK 2015

agricultural statisticsCrop Production – Australia and New ZealandOatsArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 0.73 1.59 1.162013/14(e) 0.73 1.79 1.302012/13 0.73 1.55 1.142011/12 0.74 1.75 1.292010/11 0.84 1.41 1.182009/10 0.87 1.42 1.242008/09 0.89 1.39 1.242007/08 1.26 1.25 1.582006/07 1.02 0.80 0.822005/06 0.95 1.86 1.77Sorghum2014/15(p) 0.66 3.03 2.002013/14(e) 0.49 2.25 1.112012/13 0.65 3.44 2.232011/12 0.66 3.40 2.242010/11 0.63 3.06 1.942009/10 0.50 3.03 1.512008/09 0.77 3.51 2.692007/08 0.94 4.02 3.792006/07 0.61 2.09 1.282005/06 0.77 2.52 1.93(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 2015FACT BOOK 2015Agrium 69

agricultural statisticsCrop Production – Australia and New ZealandWheatArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 13.86 1.77 24.512013/14(e) 13.52 2.02 27.382012/13 13.03 1.79 23.352011/12 13.96 2.17 30.292010/11 13.56 2.05 27.862009/10 13.92 1.59 22.112008/09 13.57 1.60 21.702007/08 12.61 1.10 13.852006/07 11.83 0.94 11.102005/06 12.49 2.04 25.47Cotton2014/15(p) 0.24 2.04 0.482013/14(e) 0.44 2.05 0.892012/13 0.45 2.25 1.002011/12 0.66 1.83 1.202010/11 0.58 1.58 0.912009/10 0.20 1.93 0.392008/09 0.16 1.99 0.332007/08 0.07 2.14 0.142006/07 0.14 2.04 0.292005/06 0.34 1.81 0.61(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUUSDA FAS Circular Series, WAP 1-14, January 201570 Agrium FACT BOOK 2015

agricultural statisticsCrop Supply and Use – Australia(millions of bushels and millions acres)YearBarleyBeginStocksAreaHarvestedYield(bu/ac) ProducedTotalSupplyTotalDom. Use Imports ExportsEndStocks2014/15(p) 0.69 3.80 2.09 7.95 8.64 3.00 - 5.00 0.642013/14(e) 0.54 3.94 2.45 9.67 10.21 3.30 - 6.22 0.692012/13 0.55 3.64 2.05 7.47 8.02 3.00 - 4.48 0.542011/12 1.00 3.72 2.21 8.22 9.23 3.30 - 5.38 0.552010/11 1.87 3.68 2.17 8.00 9.87 4.20 - 4.66 1.002009/10 2.42 4.42 1.78 7.87 10.29 4.50 - 3.92 1.872008/09 1.66 5.02 1.59 8.00 9.66 4.00 - 3.23 2.422007/08 0.99 4.90 1.46 7.16 8.15 3.10 - 3.39 1.662006/07 2.58 4.18 1.02 4.26 6.84 4.00 - 1.85 0.99Wheat2014/15(p) 6.16 13.80 1.74 24.00 30.31 7.50 0.15 17.00 5.182013/14(e) 4.65 13.47 2.00 26.93 31.73 6.95 0.15 18.62 6.162012/13 7.05 12.98 1.76 22.86 30.05 6.74 0.14 18.66 4.652011/12 8.18 13.90 2.15 29.91 38.22 6.51 0.13 24.66 7.052010/11 5.07 13.50 2.03 27.41 32.60 5.82 0.12 18.60 8.182009/10 3.39 13.88 1.57 21.83 25.34 4.93 0.12 14.83 5.592008/09 3.85 13.53 1.58 21.42 25.39 7.25 0.12 14.75 3.392007/08 4.15 12.58 1.08 13.57 17.84 6.50 0.12 7.49 3.852006/07 9.37 11.80 0.92 10.82 20.28 7.40 0.09 8.73 4.15(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA WASDE-537, January 2015FACT BOOK 2015Agrium 71

agricultural statisticsCrop Production – Africa (1)WheatArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 9.87 2.46 24.282013/14(e) 9.94 2.73 27.092012/13 10.18 2.34 23.862011/12 9.88 2.47 24.422010/11 9.44 2.25 21.292009/10 10.25 2.62 26.862008/09 9.45 2.14 20.252007/08 9.30 2.12 19.662006/07 9.86 2.49 24.58Corn2014/15(p) 34.11 1.96 66.902013/14(e) 33.96 2.08 70.662012/13 33.42 1.99 66.462011/12 34.70 1.95 67.812010/11 32.79 1.97 64.642009/10 31.61 1.94 61.302008/09 29.84 1.88 55.992007/08 27.93 1.92 53.532006/07 29.17 1.69 49.30(1) Africa includes North Africa and Sub-Saharan Africa. North Africa: Algeria, Egypt, Libya, Morocco, Tunisia. Sub-Saharan Africa: Angola, Benin, Botswana, British Ind.Ocean Territory, Burkina, Burundi, Cameroon, Canary Islands, Cape Verde, Central African Republic, Chad, Comoros, Congo (Brazzaville), Congo (Kinshasa), Cote d'Ivoire,Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Fr.Ter.Africa-Issas, French Ind. Ocean Territory, Gabon, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia,Madagascar, Madeira Islands, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Reunion, Rwanda, Sao Tome and Principe, Senegal, Seychelles,Sierra Leone, Somalia, South Africa, South Sudan, St. Helena, Sudan, Swaziland, Tanzania, Togo, Uganda, Western Sahara, Zambia, Zimbabwe.(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 201572 Agrium FACT BOOK 2015

agricultural statisticsCrop Production – Africa (1)MilletArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 20.91 0.72 15.032013/14(e) 20.63 0.73 15.012012/13 19.94 0.83 16.502011/12 20.14 0.55 11.012010/11 21.39 0.77 16.522009/10 20.39 0.73 14.812008/09 21.64 0.69 14.972007/08 20.87 0.65 13.592006/07 20.99 0.75 15.83Sorghum2014/15(p) 25.28 0.99 24.912013/14(e) 25.23 0.94 23.602012/13 23.12 1.11 25.562011/12 29.47 0.87 25.652010/11 25.54 0.94 24.102009/10 25.10 0.94 23.512008/09 27.41 1.01 27.562007/08 26.58 1.02 27.032006/07 26.24 1.00 26.34(1) Africa includes North Africa and Sub-Saharan Africa. North Africa: Algeria, Egypt, Libya, Morocco, Tunisia. Sub-Saharan Africa: Angola, Benin, Botswana, British Ind.Ocean Territory, Burkina, Burundi, Cameroon, Canary Islands, Cape Verde, Central African Republic, Chad, Comoros, Congo (Brazzaville), Congo (Kinshasa), Cote d’Ivore,Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Fr.Ter.Africa-Issas, French Ind. Ocean Territory, Gabon, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia,Madagascar, Madeira Islands, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Reunion, Rwanda, Sao Tome and Principe, Senegal, Seychelles,Sierra Leone, Somalia, South Africa, South Sudan, St. Helena, Sudan, Swaziland, Tanzania, Togo, Uganda, Western Sahara, Zambia, Zimbabwe.(e) Estimated(p) ProjectedSource: USDA FAS PSD DatabaseUSDA FAS Circular Series, WAP 1-14, January 2015FACT BOOK 2015Agrium 73

agricultural statisticsCrop Production – Middle East (1)BarleyArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 6.71 1.29 8.652013/14(e) 7.35 1.69 12.452012/13 6.92 1.49 10.302011/12 7.02 1.67 11.692010/11 7.27 1.58 11.472009/10 6.66 1.70 11.342008/09 5.40 1.49 8.032007/08 7.79 1.42 11.032006/07 7.66 1.63 12.48Corn2014/15(p) 1.10 5.97 6.552013/14(e) 1.12 6.02 6.752012/13 1.13 5.62 6.332011/12 1.27 5.65 7.162010/11 0.97 6.67 6.452009/10 0.95 6.63 6.312008/09 1.03 6.55 6.752007/08 1.04 5.83 6.062006/07 0.99 5.77 5.73(1) Middle East: Bahrain, Gaza Strip, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, United Arab Emirates, West Bank, Yemen(e) Estimated(p) ProjectedSource: USDA FAS Circular Series, WAP 1-14, January 201574 Agrium FACT BOOK 2015

agricultural statisticsCrop Production – Middle East (1)WheatArea HarvestedYieldProduction(millions ha)(tonnes/ha)(millions tonnes)2014/15(p) 18.61 1.89 35.172013/14(e) 19.20 2.17 41.712012/13 18.32 2.01 36.882011/12 17.72 2.22 39.282010/11 18.75 2.06 38.642009/10 17.61 2.21 38.942008/09 16.00 1.89 30.302007/08 19.13 2.14 40.912006/07 19.07 2.21 42.13(1) Middle East: Bahrain, Gaza Strip, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, United Arab Emirates, West Bank, Yemen(e) Estimated(p) ProjectedSource: USDA FAS Circular Series, WAP 1-14, January 2015FACT BOOK 2015Agrium 75

FERTILIZER STATISTICS76 Agrium FACT BOOK 2015

fertilizer statisticsFertilizer Consumption by RegionForecast Consumption 2014(‘000 metric nutrient tonnes)Region (1) N P K Total NPK(1) See Constants and Conversions for IFA Regional Classifications.Source: IFA Short-Term Prospects for World Agriculture and Fertilizer Demand 2013/14-2015/16% share of worldconsumption NPKWestern Europe 8,272 1,863 2,153 12,288 7%Central Europe 2,969 752 664 4,385 2%Eastern Europe and Central Asia 4,206 1,247 1,165 6,618 4%North America 13,959 4,794 4,636 23,390 13%Latin America and the Caribbean 7,974 6,517 6,786 21,277 12%Africa 3,668 1,483 629 5,780 3%West Asia 2,997 994 234 4,225 2%South Asia 21,509 7,151 2,577 31,237 17%East Asia 44,513 15,553 11,415 71,481 39%Oceania 1,691 1,231 381 3,303 2%World 111,757 41,586 30,640 183,983Fertilizer Consumption by CountryConsumption Estimated 2013/14 – Top Ten(‘000 metric nutrient tonnes per year)Rank N P K Total NPK1 China 34,699 China 11,337 China 5,476 China 51,5122 India 17,225 India 6,890 Brazil 5,040 India 26,2703 United States 11,703 Brazil 4,570 United States 4,200 United States 19,7904 Brazil 3,710 United States 3,887 India 2,155 Brazil 13,3205 Indonesia 3,422 Canada 887 Bangladesh 575 Indonesia 4,7146 Pakistan 3,233 Indonesia 826 France 490 Pakistan 3,9997 Canada 2,457 Australia 810 Indonesia 466 Canada 3,7128 France 2,150 Pakistan 741 Poland 460 France 3,1309 Russia 1,806 Bangladesh 640 Russia 404 Russia 2,81410 Turkey 1,360 Russia 604 Spain 372 Bangladesh 2,365Top 10 81,765 31,191 19,638 131,625World 111,757 41,586 30,640 183,983Source: IFA Short-Term Prospects for World Agriculture and Fertilizer Demand 2013/14-2015/16IFA Fertilizer Consumption 2012/13-2017/18 Country ReportsCANSIM, Table 001-0069FACT BOOK 2015Agrium 77

fertilizer statisticsFertilizer Production by RegionCapacity Estimated 2014(‘000 metric nutrient tonnes per year)Region (1) N P K NPK% share of worldcapacity NPKWestern Europe 9,917 565 5,590 16,072 6%Central Europe 6,464 922 - 7,386 3%Eastern Europe and Central Asia 22,555 4,931 15,845 43,331 15%North America 14,348 9,641 18,568 42,557 15%Latin America 9,966 2,805 1,943 14,714 5%Africa 8,281 8,858 - 17,139 6%West Asia 14,459 4,244 3,960 22,663 8%South Asia 17,463 2,170 - 19,633 7%East Asia 73,084 20,856 5,625 99,565 35%Oceania 1,833 600 - 2,433 1%World 178,371 55,592 51,531 285,494 100%Global Fertilizer Capacity by CountryCountries Estimated 2014 – Top Ten(‘000 metric nutrient tonnes per year)Rank N P K Total NPK1 China 63,759 China 19,280 Canada 17,038 China 88,2322 Russia 12,685 United States 9,296 Russia 8,065 Russia 24,1203 India 12,292 Morocco 5,340 Belarus 7,600 Canada 21,7564 United States 9,975 Russia 3,370 China 5,193 United States 20,8015 Indonesia 5,394 India 2,089 Germany 4,250 India 14,3816 Trinidad and Tobago 4,928 Tunisia 2,013 Israel 2,460 Belarus 8,7047 Ukraine 4,609 Brazil 1,580 Chile 1,550 Germany 7,0878 Canada 4,373 Saudi Arabia 1,380 United States 1,530 Indonesia 5,7949 Egypt 3,732 Jordan 1,215 Jordan 1,500 Ukraine 5,06110 Pakistan 3,599 Mexico 958 Spain 715 Trinidad and Tobago 4,928Top 10 125,346 46,521 49,901 200,864World 178,371 55,592 51,531 285,494(1) See Constants and Conversions for IFA Regional Classifications.Source: IFA World Potash Capacities 2014, June 2014IFA World Processed Phosphates Capacities 2014, July 2014IFA World Ammonia Capacities 2014, June 201478 Agrium FACT BOOK 2015

fertilizer statisticsGlobal Nutrient Trade Data: Imports and Exports(‘000 metric nutrient tonnes per year of nitrogen-urea & 46% nitrogen)UreaTotal ExportsRank Exporting Regions 2013 2012 2011 Primary Destination 20131 China 3,802 3,196 1,852 India2 Qatar 2,491 1,944 1,337 United States3 Russia 2,388 2,222 2,259 Brazil4 Oman 1,602 1,447 1,540 India5 Saudi Arabia 1,418 1,425 1,471 Thailand6 Ukraine 1,172 1,654 1,642 Turkey7 Iran 1,037 1,353 1,091 India8 Egypt 923 1,040 1,406 France9 Abu Dhabi, UAE 602 270 305 United States10 Indonesia 582 454 337 United StatesTotal World 20,630 19,812 18,057Total ImportsRank Importing Regions 2013 2012 2011 Primary Source 20131 India 3,527 3,678 3,540 China2 United States 2,809 3,256 2,403 Canada3 Brazil 1,802 1,402 1,386 Russia4 Thailand 1,113 1,039 1,047 Saudi Arabia5 Australia 867 674 758 Qatar6 Turkey 793 660 526 Ukraine7 Mexico 645 833 694 Russia8 Pakistan 518 491 614 China9 Bangladesh (1) 437 347 472 Qatar10 Philippines 406 340 319 ChinaTotal Top 10 12,915 12,719 11,757Total World 20,630 19,812 18,057(1) Data for Bangladesh includes Kafco only.Source: IFA Urea Statistics 2013 Annual, October 2014Regional Sections: West Asia: Abu Dhabi, Iran, Oman, Qatar, Saudi ArabiaOther Asia and Oceania: Bangladesh (1) , India, Pakistan, Philippines, Thailand, AustraliaFACT BOOK 2015Agrium 79

fertilizer statisticsGlobal Nutrient Trade Data: Imports and Exports(‘000 metric nutrient tonnes per year of nitrogen)AmmoniaTotal ExportsRank Exporting Regions 2013 2012 2011 Primary Destination 20131 Trinidad and Tobago 3,481 3,704 3,797 United States2 Russia 2,821 2,650 2,738 United States3 Saudi Arabia 1,171 1,298 1,334 Korea Republic4 Ukraine 1,064 1,002 1,091 United States5 Canada 1,032 963 992 United States6 Australia 532 372 317 Korea Republic7 Indonesia 513 787 856 Korea Republic8 Qatar 497 562 444 India9 Algeria 489 635 536 Spain10 Iran 379 444 855 IndiaTotal World 14,952 15,439 15,964Total ImportsRank Importing Regions 2013 2012 2011 Primary Source 20131 United States 4,874 5,102 5,454 Trinidad and Tobago2 India 1,468 1,450 1,600 Iran3 Korea Republic 1,010 1,003 997 Saudi Arabia4 France 684 633 566 Algeria5 Belgium 652 602 654 Russia6 Turkey 549 519 570 Russia7 Morocco 501 662 654 Russia8 Germany 499 350 345 Netherlands9 Taiwan, China 453 534 574 Saudi Arabia10 Spain 350 326 308 AlgeriaTotal Top 10 11,040 11,180 11,721Total World 14,952 15,439 15,964Source: IFA Ammonia Statistics 2013 Annual, October 2014Regional Sections: West Asia: Israel, Joradn, Saudi Arabia, TurkeyOther Asia and Oceania: India, Pakistan, Philippines, Thailand, Australia80 Agrium FACT BOOK 2015

fertilizer statisticsGlobal Nutrient Trade Data: Imports and Exports(‘000 metric nutrient tonnes per year of phosphate)MAP and DAPTotal ExportsRank Exporting Regions 2013 2012 2011 Primary Destination 20131 United States 2,261 2,208 2,662 Canada2 China 2,083 2,083 2,246 India3 Morocco 1,503 1,778 1,518 Brazil4 Russia 1,449 1,426 1,712 Brazil5 Saudi Arabia 862 623 199 India6 Lithuania 373 340 378 Germany7 Tunisia 371 257 163 Turkey8 Mexico 313 306 310 Chile9 Jordan 260 251 336 Turkey10 Australia 149 199 208 BangladeshTotal World 9,893 9,799 10,187Total ImportsRank Importing Regions 2013 2012 2011 Primary Source 20131 India 1,741 2,803 3,427 China2 Brazil 1,751 1,379 1,448 Morocco3 Pakistan 373 233 253 China4 Argentina 369 466 430 United States5 United States 367 331 337 Morocco6 Australia 343 339 360 United States7 Canada 332 282 352 United States8 Vietnam 270 199 228 China9 Thailand 250 271 234 Saudi Arabia10 Japan 241 212 186 United StatesTotal Top 10 6,097 6,513 7,255Total World 9,893 9,799 10,187Source: IFA Processed Phosphates Statistics 2013 Annual, October 2014Regional Sections: Africa: Morocco, Senegal, South Africa, TunisiaWest Asia: Israel, Jordan, Saudi Arabia, TurkeyEurope, Other Asia, and Oceania: Bulgaria, Finland, Lithuania, Spain, Korea Republic, Philippines, AustraliaFACT BOOK 2015Agrium 81

fertilizer statisticsGlobal Nutrient Trade Data: Imports and Exports(‘000 metric nutrient tonnes per year of potash)PotashTotal ExportsRank Exporting Regions 2013 2012 2011 Primary Destination 20131 Canada 9,742 8,374 10,045 United States2 Russia 4,815 4,382 5,460 China3 Belarus 3,418 3,608 4,719 China4 Germany 2,784 2,730 2,502 Brazil5 Israel 2,500 2,313 2,734 Brazil6 Jordan 947 888 1,217 India7 Chile 783 754 561 BrazilTotal World 25,269 23,277 27,377Total ImportsRank Importing Regions 2013 2012 2011 Primary Source 20131 Brazil 4,965 4,641 4,417 Canada2 United States 4,492 4,015 4,590 Canada3 China 3,719 3,166 4,258 Belarus/Russia4 India 2,105 1,658 3,022 Belarus/Russia5 Indonesia 1,391 1,441 1,942 Canada6 Malaysia 1,039 963 1,313 Canada7 Belgium 672 610 647 Belarus/Russia8 Vietnam 538 443 554 Belarus/Russia9 Poland 430 431 426 Belarus/Russia10 Thailand 430 347 486 CanadaTotal Top 10 19,780 17,713 21,656Total World 25,269 23,277 27,377Source: IFA Potash Statistics 2013 Detailed Report, Annual Final Report, October 201482 Agrium FACT BOOK 2015

fertilizer statisticsGlobal Nutrient Consumption(‘000 metric nutrient tonnes per year. Does not include industrial use.)2014/20152013/20142012/20132011/20122010/20112009/20102008/20092007/20082006/20072005/20062004/2005N 114,298 112,181 108,798 107,867 104,327 101,865 97,663 101,155 96,136 93,196 90,503Growth 1.89% 3.11% 0.86% 3.39% 2.42% 4.30% -3.45% 5.22% 3.15% 2.98% 3.32%P 42,645 41,655 41,064 41,377 40,507 37,484 33,712 38,449 38,946 36,713 37,505Growth 2.38% 1.44% -0.76% 2.15% 8.06% 11.19% -12.32% -1.28% 6.08% -2.11% 7.05%K 30,951 30,197 28,689 27,987 27,435 23,522 23,403 28,896 27,635 35,846 27,654Growth 2.50% 5.26% 2.51% 2.01% 16.64% 0.51% -19.01% 4.56% -22.91% 29.62% 5.76%Growth in Global Nutrient Consumption120,000Thousands of Metric Nutrient Tonnes100,00080,00060,00040,00020,0000N P KNutrient Type2003/20042013/2014Source: IFA Medium-Term Outlook for World Agriculture and Fertilizer Demand 2013/2014-2018/2019FACT BOOK 2015Agrium 83

fertilizer statistics2014 Global Nitrogenous Fertilizer Supply/Demand Balance(‘000 metric nutrient tonnes per year)Region (1) Capacity ProductionCapabilityNon-FertilizerUseFertilizerDemandTotalDemandWestern Europe 9,920 9,720 4,570 8,140 13,020Central Europe 6,460 5,560 720 2,890 3,700Eastern Europeand Central Asia22,550 20,100 1,940 4,640 6,740North America 14,350 13,710 4,350 14,110 18,910Latin America 9,970 8,780 1,390 8,000 9,630Africa 8,280 6,280 570 3,750 4,420West Asia 14,460 13,960 610 3,020 3,720South Asia 17,460 15,570 600 22,520 23,700East Asia 73,080 57,300 15,940 44,990 61,310Oceania 1,830 1,770 980 1,590 2,640World 178,360 152,750 31,670 113,650 147,7902014 Global Urea Supply/Demand Balance(‘000 metric product tonnes per year)Region (1) Capacity ProductionCapabilityNon-FertilizerUseFertilizerDemandTotalDemandWestern Europe 6,670 6,360 4,480 4,420 8,900Central Europe 4,180 3,790 730 2,580 3,310Eastern Europeand Central Asia17,290 15,270 1,160 3,380 4,530North America 11,220 10,450 2,310 14,260 16,570Latin America 7,350 6,640 1,050 11,310 12,350Africa 10,210 7,910 170 4,970 5,140West Asia 23,290 23,220 710 4,270 4,980South Asia 33,380 32,040 390 40,540 40,930East Asia 98,040 81,900 19,460 60,980 80,440Oceania 530 580 250 2,390 2,650World 212,160 188,160 30,710 149,100 179,800(1) See Constants and Conversions for IFA Regional Classifications.Source: IFA Fertilizers and Raw Materials Global Supply 2014-201884 Agrium FACT BOOK 2015

fertilizer statistics2014 Global Phosphoric Acid Supply/Demand Balance(‘000 metric nutrient tonnes per year of phosphate)Region (1) Capacity ProductionCapabilityNon-FertilizerUseFertilizerDemandTotalDemandWestern Europe 570 480 470 1,710 2,220Central Europe 920 360 80 610 710Eastern Europeand Central Asia4,930 3,740 290 890 1,200North America 9,640 8,690 850 4,800 5,760Latin America 2,810 2,070 770 5,900 6,800Africa 8,860 7,420 510 1,090 1,620West Asia 4,260 3,010 350 1,010 1,390South Asia 2,170 1,700 100 7,360 7,610East Asia 20,860 18,740 2,180 13,160 15,640Oceania 600 480 - 800 810World 55,620 46,690 5,600 37,330 43,7602014 Global Potash Supply/Demand Balance(‘000 metric nutrient tonnes per year of potash)Region (1) Capacity ProductionCapabilityNon-FertilizerUseFertilizerDemandTotalDemandWestern Europe 5,590 4,050 400 2,200 2,680Central Europe - - 30 720 770Eastern Europeand Central Asia14,850 13,440 40 1,280 1,360North America 18,570 15,790 1,010 4,720 5,850Latin America 1,940 1,790 50 6,620 6,810Africa - - 70 570 660West Asia 3,960 3,720 90 240 340South Asia - - 20 3,080 3,190East Asia 5,630 4,780 1,120 11,000 12,610Oceania - - - 360 360World 50,540 43,570 2,830 30,790 34,630(1) See Constants and Conversions for IFA Regional Classifications.Source: IFA Fertilizers and Raw Materials Global Supply 2014-2018FACT BOOK 2015Agrium 85

fertilizer statisticsInternational Fertilizer Prices – Historical800US$/tonne60040020001999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014DAP, Tampa FOBPotash, Vancouver FOBAmmonia, Black Sea FOBUrea Prill, Middle East FOBSource: Green Markets86 Agrium FACT BOOK 2015

fertilizer statisticsWorld Population vs. Global Fertilizer Consumption8.00250Population (billions)7.006.005.004.003.002.001.0020015010050Fertilizer Consumption(million tonnes of N+P+K)0.001960 1970 1980 1990 2000 20100ChinaIndiaGlobal Fertilizer ConsumptionDeveloping Countries (excl. China and India)Developed Countries/RegionsSource: IFA Medium-Term Outlook for World Agriculture and Fertilizer Demand 2011/12-2016/17 and World BankFACT BOOK 2015Agrium 87

fertilizer statisticsTotal Consumption of Fertilizers – North America(‘000 metric nutrient tonnes per year)United StatesN P 2O 5K 2O Total2014(f) 11,703 3,887 4,200 19,7902013(f) 11,925 3,934 4,252 20,1112012 12,059 4,038 4,350 20,4472011 12,055 4,032 4,349 20,4362010 11,645 3,915 4,165 19,7252009 11,145 3,719 4,044 18,9082008 10,398 2,845 2,803 16,0462007 11,396 3,841 4,219 19,4552006 11,966 4,148 4,657 20,7712005 10,926 4,063 4,284 19,2732004 11,191 4,207 4,693 20,0912003 11,819 4,377 5,008 21,2032002 10,970 3,892 4,491 19,3532001 10,895 4,200 4,519 19,6142000 10,467 3,862 4,469 18,7981999 11,189 3,913 4,510 19,6131998 11,296 3,859 4,494 19,6501997 11,170 4,187 4,809 20,1661996 11,206 4,184 4,921 20,3111995 11,162 4,107 4,742 20,0101994 10,632 4,007 4,627 19,2661993 11,469 4,102 4,779 20,3501992 10,335 4,024 4,663 19,023(f)Source:Note:ForecastIFADATAIFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013Fertilizer year data88 Agrium FACT BOOK 2015

fertilizer statisticsTotal Consumption of Fertilizers – North America(‘000 metric nutrient tonnes per year)CanadaN P 2O 5K 2O Total2014(f) 2,457 887 368 3,7122013(f) 2,484 831 355 3,6702012(e) 2,296 799 297 3,3922011 1,990 723 312 3,0252010 1,901 630 271 2,8022009 1,857 576 186 2,6192008 1,901 669 363 2,9332007 1,740 635 394 2,7692006 1,758 567 219 2,5452005 1,540 610 332 2,4812004 1,540 686 350 2,5752003 1,650 656 336 2,6422002 1,644 640 326 2,6102001 1,581 634 317 2,5322000 1,592 668 339 2,5991999 1,682 667 357 2,7051998 1,626 717 356 2,6991997 1,653 704 322 2,6781996 1,670 658 333 2,6621995 1,576 629 310 2,5151994 1,448 637 317 2,4021993 1,426 616 328 2,3701992 1,317 592 328 2,237(e)(f)Source:EstimateForecastIFADATAIFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013CANSIM, Table 001-0069FACT BOOK 2015Agrium 89

fertilizer statisticsTotal Shipments of Fertilizers and Plant Nutrients – Canada (1)(‘000 metric nutrient tonnes per year)Western CanadaPrimary Nutrient ShipmentsN P 2O 5K 2O Total2013/2014 2,103 700 173 2,9762012/2013 2,129 663 176 2,9682011/2012 1,940 601 140 2,6812010/2011 1,651 541 129 2,3212009/2010 1,561 493 99 2,1532008/2009 1,513 463 78 2,0542007/2008 1,600 442 163 2,2052006/2007 1,939 337 150 2,4262005/2006 1,251 452 68 1,7712004/2005 1,259 502 159 1,9202003/2004 1,350 543 157 2,0502002/2003 1,340 527 151 2,0182001/2002 1,280 488 126 1,894Eastern Canada2013/2014 371 187 212 7702012/2013 379 168 179 7262011/2012 372 198 157 7272010/2011 348 189 190 7272009/2010 340 137 171 6482008/2009 344 114 108 5662007/2008 315 60 191 5662006/2007 477 118 256 8512005/2006 289 113 137 5392004/2005 134 108 173 4152003/2004 310 133 192 6352002/2003 303 129 184 6162001/2002 276 142 198 616(1) 2007/2008 to 2013/2014 data is derived from fertilizer shipments to Canadian Agriculture Markets reports. Data prior to 2007/2008 was collected by Canadian FertilizerInstitute. Different coverage and reporting methods of data will affect the comparability of data.Source: Statistics Canada-Fertilizer Shipments Survey 2014, Catalogue no. 21-022X90 Agrium FACT BOOK 2015

fertilizer statisticsFertilizer Consumption – United States20,000('000 metric ('000 metric tonnes) tonnes)20,00015,00015,00010,00010,0005,0005,000001964 1969 1974 1979 1984 1989 1994 1999 2004 2009 2014(f)Nitrogen Phosphate Potash1964 1969 1974 1979 1984 1989 1994 1999 2004 2009 2014(f)Nitrogen Phosphate PotashFertilizer Consumption – Canada4000('000 metric ('000 metric tonnes) tonnes)3,500 40003,000 3,5002,500 3,0002,000 2,5001,5002,0001,000 1,5001,000 500500001964 1969 1974 1979 1984 1989 1994 1999 2004 2009 2014(f)Nitrogen Phosphate Potash1964 1969 1974 1979 1984 1989 1994 1999 2004 2009 2014(f)(f) ForecastSource: IFADATAIFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013CANSIM, Table 001-0069Nitrogen Phosphate PotashFACT BOOK 2015Agrium 91

fertilizer statisticsFertilizer Consumption in Argentina, Brazil and Chile(‘000 metric nutrient tonnes per year)BrazilPrimary Nutrient ConsumptionN P 2O 5K 2O Total2014(f) 3,710 4,570 5,040 13,3202013(f) 3,620 4,440 4,940 13,0002012 3,435 4,325 4,844 12,6042011 3,366 3,859 4,431 11,6562010 2,855 3,384 3,894 10,1332009 2,554 3,342 3,149 9,0452008 2,502 3,196 3,689 9,3872007 2,751 3,659 4,175 10,585Argentina2014(f) 700 600 45 1,3452013(f) 650 550 40 1,2402012 736 603 47 1,3862011 860 712 31 1,6032010 781 613 35 1,4282009 586 461 31 1,0792008 621 482 54 1,1572007 941 686 64 1,691Chile2014(f) 265 126 90 4812013(f) 270 130 92 4922012 271 139 94 5042011 271 139 94 5042010 268 131 94 4922009 260 107 90 4572008 256 107 89 4522007 267 152 112 531(f)Source:ForecastIFADATAIFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 201392 Agrium FACT BOOK 2015

fertilizer statisticsFertilizer Consumption in Europe – Top Five Countries(‘000 metric nutrient tonnes per year. Includes West and Central Europe)FrancePrimary Nutrient ConsumptionN P 2O 5K 2O Total2014(f) 2,250 614 470 3,3342013 2,275 544 480 3,2992012 2,138 495 509 3,1422011 2,014 432 481 2,9272010 2,332 500 598 3,4302009 2,069 406 416 2,8912008 2,099 296 390 2,7852007 2,403 631 794 3,828Germany2014(f) 1,651 324 430 2,4052013 1,610 279 457 2,3462012 1,649 284 421 2,3542011 1,640 247 386 2,2742010 1,786 286 434 2,5062009 1,569 235 363 2,1672008 1,551 174 179 1,9042007 1,807 317 511 2,635Poland2014(f) 1,225 405 465 20952013 1,200 410 440 2,0502012 1,120 335 448 1,9032011 1,095 371 433 1,8992010 1,109 378 435 1,9222009 1,113 362 414 1,8892008 1,050 410 410 1,8702007 1,142 462 537 2,141(f) ForecastSource: (2012-2014): Fertecon Urea Outlook 2014/02, Fertecon Potash Outlook 2014/03, CRU Phosphate Fertilizer Market Outlook, October 2014IFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013IFADATAFACT BOOK 2015Agrium 93

fertilizer statisticsFertilizer Consumption in Europe – Top Five Countries (cont.)(‘000 metric nutrient tonnes per year. Includes West and Central Europe.)SpainPrimary Nutrient ConsumptionN P 2O 5K 2O Total2014(f) 890 512 330 1,7322013 850 446 328 1,6242012 980 377 346 1,7032011 818 355 315 1,4882010 967 368 350 1,6852009 813 324 274 1,4112008 732 158 188 1,0782007 977 526 432 1,935Italy2014(f) 700 329 150 1,1792013 585 234 140 9592012 650 169 140 9592011 561 178 136 8752010 572 184 136 8922009 547 195 110 8522008 609 194 149 9522007 708 319 303 1,330(f) ForecastSource: (2012-2014): Fertecon Urea Outlook 2014/02, Fertecon Potash Outlook 2014/03, CRU Phosphate Fertilizer Market Outlook, October 2014IFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013IFADATA94 Agrium FACT BOOK 2015

fertilizer statisticsFertilizer Consumption in Asia – Top Five Countries(‘000 metric nutrient tonnes per year)ChinaPrimary Nutrient ConsumptionN P 2O 5K 2O Total2014(f) 32,595 12,443 6,900 51,9382013 32,034 12,431 6,500 50,9652012 31,713 12,400 6,000 50,1132011 30,897 12,300 5,380 48,5772010 30,015 12,100 5,203 47,3182009 33,600 11,000 4,300 48,9002008 33,237 10,500 4,685 48,4222007 33,112 11,570 6,480 51,162India2014(f) 17,700 5,975 2,350 26,0252013 17,200 6,235 2,100 25,5352012 16,821 6,653 2,062 25,5362011 17,300 7,914 2,576 27,7902010 16,558 8,050 3,514 28,1222009 15,582 7,278 3,632 26,4932008 15,090 6,506 3,313 24,9092007 14,419 5,520 2,637 22,576Indonesia2014(f) 3,175 586 1,450 5,2112013 3,100 607 1,325 5,0322012 3,036 680 1,490 5,2062011 2,940 564 1,440 4,9442010 3,042 500 1,302 4,8442009 3,215 450 801 4,4662008 2,737 421 953 4,1112007 2,596 541 931 4,068(f) ForecastSource: (2012-2014): Fertecon Urea Outlook 2014/02, Fertecon Potash Outlook 2014/03, CRU Phosphate Fertilizer Market Outlook, October 2014IFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013IFADATAFACT BOOK 2015Agrium 95

fertilizer statisticsFertilizer Consumption in Asia – Top Five Countries (cont.)(‘000 metric nutrient tonnes per year)PakistanPrimary Nutrient ConsumptionN P 2O 5K 2O Total2014(f) 3,200 826 25 4,0512013 3,275 792 24 4,0912012 2,853 747 20 3,6202011 3,206 633 21 3,8602010 3,133 761 32 3,9262009 3,476 860 24 4,3612008 3,035 651 25 3,7112007 2,925 630 27 3,582Vietnam2014(f) 1,305 713 522 2,5402013 1,305 699 512 2,5162012 1,340 700 485 2,5252011 1,300 680 482 2,4622010 1,250 650 400 2,3002009 1,190 600 300 2,0902008 965 613 378 1,9562007 1,109 637 433 2,179(f) ForecastSource: (2012-2014): Fertecon Urea Outlook 2014/02, Fertecon Potash Outlook 2014/03, CRU Phosphate Fertilizer Market Outlook, October 2014IFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013IFADATA96 Agrium FACT BOOK 2015

fertilizer statisticsFertilizer Consumption in Oceania(‘000 metric nutrient tonnes per year)AustraliaPrimary Nutrient ConsumptionN P 2O 5K 2O Total2014(f) 1,145 999 200 2,3442013 1,150 986 188 2,3242012 1,153 852 182 2,1872011 1,099 880 180 2,1592010 982 823 166 1,9712009 849 646 158 1,6532008 835 824 215 1,8742007 849 990 227 2,066New Zealand2014(f) 400 420 116 9362013 385 412 103 9002012 369 394 107 8702011 363 335 114 8122010 367 338 106 8112009 329 328 97 7552008 295 292 103 6902007 329 383 123 835(f) ForecastSource: (2012-2014): Fertecon Urea Outlook 2014/02, Fertecon Potash Outlook 2014/03, CRU Phosphate Fertilizer Market Outlook, October 2014IFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013IFADATAFACT BOOK 2015Agrium 97

fertilizer statisticsFertilizer Consumption in Africa and the Middle East – Top Five Countries(‘000 metric nutrient tonnes per year)IranPrimary Nutrient ConsumptionN P 2O 5K 2O Total2014(f) 917 380 70 1,3672013 900 197 9 1,1062012 808 170 30 1,0082011 900 170 50 1,1202010 1,050 349 70 1,4692009 1,050 349 50 1,4492008 1,151 386 99 1,6362007 983 408 175 1,566Egypt2014(f) 1,315 175 55 1,5452013 1,220 175 41 1,4362012 1,108 163 57 1,3282011 1,207 150 58 1,4152010 1,159 150 56 1,3652009 1,193 150 50 1,3932008 1,139 180 55 1,3752007 1,120 169 52 1,341South Africa2014(f) 440 177 125 7422013 430 178 121 7292012 430 205 124 7592011 419 270 121 8102010 398 172 106 6762009 414 181 111 7062008 424 185 115 7242007 440 192 137 769(f) ForecastSource: (2012-2014): Fertecon Urea Outlook 2014/02, Fertecon Potash Outlook 2014/03, CRU Phosphate Fertilizer Market Outlook, October 2014IFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013IFADATA98 Agrium FACT BOOK 2015

fertilizer statisticsFertilizer Consumption in Africa and the Middle East – Top Five Countries (cont.)(‘000 metric nutrient tonnes per year)MoroccoPrimary Nutrient ConsumptionN P 2O 5K 2O Total2014(f) 224 124 37 3852013 222 124 29 3752012 220 136 24 3802011 200 110 29 3392010 205 114 25 3442009 200 112 47 3592008 195 111 46 3522007 231 146 53 430Syria2014(f) 270 108 1 3792013 226 108 - 3342012 149 108 1 2582011 136 133 18 2872010 203 90 21 3142009 190 90 8 2882008 182 76 8 2662007 214 100 8 322(f) ForecastSource: (2012-2014): Fertecon Urea Outlook 2014/02, Fertecon Potash Outlook 2014/03, CRU Phosphate Fertilizer Market Outlook, October 2014IFA Fertilizer Consumption 2012/13-2017/18 Country Reports, June 2013IFADATAFACT BOOK 2015Agrium 99

fertilizer statisticsFertilizer Application Rates – United States (1)(Years ended June 30)N P K TotalCorn lbs/acre 140 60 79% of area applied 97% 78% 61%lbs applied/acre 136 47 48 231Cotton lbs/acre 77 41 66% of area applied 90% 62% 52%lbs applied/acre 69 25 34 128Soybeans lbs/acre 16 46 80% of area applied 18% 23% 25%lbs applied/acre 3 11 20 34Spring Wheat lbs/acre 78 31 23% of area applied 94% 84% 21%lbs applied/acre 73 26 5 104Winter Wheat lbs/acre 61 31 39% of area applied 83% 54% 16%lbs applied/acre 51 17 6 74(1) Corn and Cotton data are for the year 2010. Spring Wheat and Winter Wheat data is for the year 2009. Soybean data is for the year 2006.Source: USDA NASS Agricultural Chemical Usage Report-2010 Corn, Upland Cotton and Fall Potatoes, May 25, 2011USDA NASS Agricultural Chemical Usage Report-2009 Wheat, May 19, 2010USDA NASS Agricultural Chemical Usage Report-2007 and 2008 Field Crops Summary100 Agrium FACT BOOK 2015

fertilizer statisticsNutrient Uptake and Removal by Field Crops – United States(pounds per acre)CornN P 2O 5K 2O159 bu/acre Uptake (1) 212 90 212Removal (2) 119 70 46Cotton800 lb/acre Uptake 128 38 112Removal 53 23 33Soybeans43 bu/acre Uptake 275 50 179Removal 172 34 60(1) Total nutrient taken up by the crop.(2) Nutrient removed in harvested portion of the crop.Source: IPNI; Plant Food Uptake and Harvest Removal for Southern Crops, November 2009FACT BOOK 2015Agrium 101

fertilizer statisticsNutrient Uptake and Removal by Field Crops – Western Canada(pounds per acre)BarleyN P 2O 5K 2O S80 bu/acre Uptake (1) 100 – 122 40 – 49 96 – 117 12 – 14(3,360 kg/ha) Removal (2) 70 – 85 30 – 37 23 – 28 6 – 8Canola35 bu/acre Uptake 100 – 123 46 – 57 73 – 89 17 – 21(1,960 kg/ha) Removal 61 – 74 33 – 40 16 – 20 10 – 12Flax24 bu/acre Uptake 62 – 76 18 – 22 39 – 48 12 – 15(1,492 kg/ha) Removal 46 – 56 14 – 17 13 – 16 5 – 6Spring Wheat40 bu/acre Uptake 76 – 93 29 – 35 65 – 80 8 – 10(2,690 kg/ha) Removal 54 – 66 21 – 26 16 – 19 4 – 5(1) Total nutrient taken up by the crop.(2) Nutrient removed in harvested portion of the crop.Source: Canadian Fertilizer Institute, February 2001102 Agrium FACT BOOK 2015

fertilizer statisticsFertilizer Application Rates – AustraliaWheatN P K Total% Total Fertilizer Use 37% 39% 18%Quantity 000 metric nutrient tonnes 367 317 30 714Area Harvested 000 ha 13,963 13,963 13,963Approx. Application Rate kg/ha 26.28 22.70 2.15Other Coarse Grains% Total Fertilizer Use 16% 15% 10%Quantity 000 metric nutrient tonnes 162 126 16 304Area Harvested 000 ha 5,972 5,972 5,972Approx. Application Rate kg/ha 27.13 21.10 2.68Sugar% Total Fertilizer Use 6% 3% 14%Quantity 000 metric nutrient tonnes 61 17 16 94Area Harvested 000 ha 370 370 370Approx. Application Rate kg/ha 164.86 45.95 43.24Cotton% Total Fertilizer Use 10% 3% 4%Quantity 000 metric nutrient tonnes 97 20 7 124Area Harvested 000 ha 600 600 600Approx. Application Rate kg/ha 161.67 33.33 11.67Source: IFA Assessment of Fertilizer Use by Crop at the Global Level 2010-2010/2011ABARES Agricultural Commodity Statistics 2012, Dec 2012FACT BOOK 2015Agrium 103

fertilizer statisticsNutrient Application and Yield: CornNutrient Application (Kg/ha)3002502001501005012108642Yield (tonnes/ha)0USEU-28ChinaIndiaBrazil0NitrogenPhosphatePotashYieldSource:USDAIFA Assessment of Fertilizer Use by Crop at the Global Level 2010-2010/2011, August 2013104 Agrium FACT BOOK 2015

fertilizer statisticsHistorical Nitrogen Fertilizer and Gas Prices – North AmericaAmmonia/Urea Price (US$/metric tonnes)1,2001,0008006004002002.27Nitrogen Fertilizer Products5.895.474.31 3.963.388.696.736.978.863.944.374.002.753.684.3916.0014.0012.0010.008.006.004.002.00Natural Gas Price (US$ mmBtu delivered)01999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014Nymex Price Urea Gran NOLA FOB Urea Gran W. Canada DLVAmmonia W. Canada DLVAmmonia ACB FOB0.001,000Phosphate and Potash Fertilizer PricesUS$/metric tonne800600400200Note: Fertilizer prices are all spot weighted averages before any discounts, year average refers to calendar year. NOLA refers to a FOB price (loaded on barge) at the U.S. Gulf port,New Orleans, Louisiana. ACB refers to the U.S. corn belt. Gas prices are Henry Hub Gulf Coast Natural Gas Spot Prices.Source: US Energy Information Administration, Short-Term Energy Outlook, Nov. 2014Green Markets01997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014DAP PNW DLV DAP CFL FOB KCL ACB FOBFACT BOOK 2015Agrium 105

Ammon2002.273.382.753.684.002.00vered)01999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014fertilizer statisticsNymex Price Urea Gran NOLA FOB Urea Gran W. Canada DLVAmmonia W. Canada DLVAmmonia ACB FOB0.00Historical P & K Fertilizer – North America1,000Phosphate and Potash Fertilizer PricesUS$/metric tonne80060040020001997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014DAP PNW DLV DAP CFL FOB KCL ACB FOBNote: Fertilizer prices are all spot weighted averages before any discounts, year average refers to calendar year. ACB refers to the U.S. corn belt.CFL refers to Central Florida. DAP PNW dlv pricing was discounted in 2013.Source: Green Markets106 Agrium FACT BOOK 2015

united states ethanol factsUnited StatesEthanol Production(billion gallons)Corn Usefor Ethanol(billion bu)United States CornUse for Ethanol as aPercentage of Total UseCorn Total Use(billion bu)2014/2015(p)2013/2014(e)2012/20132011/20122010/20112009/20102014/2015 (p)2008/20092007/20082006/200713.7 13.3 13.2 13.9 13.3 10.9 9.3 6.5 4.939%5.2 5.1 4.6Feed Use5.0 5.0 4.6 3.7 3.0 13%Exports2.138% 45% 45% 40% 38% 35% 31% 24% 19%10%38%Food and Seed13.6 11.5 10.3 12.5 Ethanol 13.0 13.1 12.0 12.6 11.1united states corn use39%Feed Use2014/2015 (p) 37%2013/2014 (e)13%ExportsFeed Use14%Exports38%Ethanol10%Food and Seed38%Ethanol10%Food and SeednOne bushel of corn yields approximately 2.8 gallons of ethanol;nThe key variables in determining ethanol plant profitability include ethanol and dried distillersgrains and soluble (DDGS) prices for revenue, corn and natural gas prices for costs;nAs of December 2014, there were 210 ethanol plants operating in the United States,another 7 are currently2013/2014under (e)construction or are undergoing an expansion.37%Feed Use(e) estimated(p) projectedSource: USDA WASDE-537, January 12, 2015Renewable Fuels Association, EIA38%Ethanol14%Exports10%Food and SeedFACT BOOK 2015Agrium 107

CONSTANTS & CONVERSIONS108 Agrium FACT BOOK 2015

fertilizer production processNitrogen FertilizerPhosphate FertilizerFACT BOOK 2015Agrium 109

fertilizer production processPotassium FertilizerUnderground SourcesnUsually deep deposits- first step is to mine the ore and get it to the surfacenManufacturing process (remove unwanted minerals)- clays, NaCl, MgCl 2, de-sliming and froth flotationnSizing and granulation- made into final productPotassium Rock SourcesnSylvinite is composed of a mixture of KCl and NaCl crystals, 20 – 40% K 2O (Saskatchewan mines)nSylvite is extracted from Sylvinite and is composed of primarily KCl, 63% K 2OnLangebeinite is composed primarily of K 2SO 4and MgSO 4, 23% K 2OCommon Potassium FertilizersnPotassium Chloride (KCl) muriate of potash (MOP), 0-0-60 to 62(accounts for 90% of potash sales in North America)nPotassium Sulphate (K 2SO 4) or sulfate of potash, 0-0-50-18SnSulphate of Potash-Magnesia (K 2SO 4-2MgSO 4) or K-Mag, 0-0-22-22S-11 MgnPotassium Nitrate (KNO 3) 13-0-44 often used in foliar sprays110 Agrium FACT BOOK 2015

aw material requirementsAmmonia (NH 3)The production of 1 tonne of ammonia requires:n32 – 38 mmBtu natural gas orn0.9 tonnes naphthaorn1.05 tonnes fuel oilorn1.90 tonnes coalorn8,000 – 12,000 kWh (electrolysis)Nitric Acid (HNO 3)The production of 1 tonne of 100% HNO 3requires:n0.29 tonnes ammoniaAmmonium Nitrate (34% N)The production of 1 tonne of 34% N ammonium nitrate requires:n0.436 tonnes of total ammonian0.21 tonnes ammonian0.78 tonnes of 100% HNO 3(0.226 tonne of ammonia)UreaThe production of 1 tonne of urea requires:n0.58 tonnes of ammonian0.76 tonnes of carbon dioxideUANThe production of 1 tonne of UAN requires:n28-0-0 Solution 0.386 tonnes of 34-0-00.310 tonnes of 46-0-0n32-0-0 Solution 0.443 tonnes of 34-0-00.354 tonnes of 46-0-0Sulphuric Acid (H 2SO 4)The production of 1 tonne of 100% H 2SO 4requires:n0.76 tonnes pyrites (48% S) orn0.33 tonnes sulphurFACT BOOK 2015Agrium 111

aw material requirementsAmmonium SulphateThe production of 1 tonne of ammonium sulphate requires:n0.26 tonnes ammonian0.75 tonnes sulphuric acidPhosphoric Acid (H 3 PO 4 ) (Wet Process)The production of 1 tonne of 100% P 2O 5as H 3PO 4requires:n3.6 tonnes phosphate rock 63% BPL (1)n2.8 tonnes 100% H 2SO 4orn2.3 tonnes 100% HCIPhosphoric Acid (Thermal Process)The production of 1 tonne of 100% P 2O 5requires:n3.9 tonnes of phosphate rock 63% BPL (1)n1.3 tonnes of silican0.60 tonnes of coken13,000 – 15,000 kWh electricitySuperphosphateThe production of 1 tonne of 20% P 2O 5single superphosphate requires:n0.71 tonnes of phosphate rock 63% BPL (1)n0.37 tonnes of 100% H 2SO 4Triple SuperphosphateThe production of 1 tonne of 46% P 2O 5triple superphosphate requires:n0.43 tonnes of phosphate rock 63% BPL (1)n0.85 tonnes of 40% P 2O 5phosphoric acid (0.34 tonne P 2O 5)Monoammonium PhosphateThe production of 1 tonne of monoammonium phosphate (11-52-0) requires:n0.145 tonnes of ammonian1.91 tonnes of phosphate rock at 63% BPL (1)n0.475 tonnes of sulphurn1.35 tonnes of 40% P 2O 5phosphoric acid (0.54 tonne P 2O 5)Diammonium PhosphateThe production of 1 tonne of diammonium phosphate (18-46-0) requires:n0.219 tonnes of ammonian1.72 tonnes of phosphate rock at 63% BPL (1)n0.427 tonnes of sulphurn1.175 tonnes of phosphoric acid (0.470 tonne P 2O 5)(1) 63% BPL = 29% P 2O 5.112 Agrium FACT BOOK 2015

fertilizer mineralsSulphur Minerals %SIron pyrites FeS 240-53Pyrrhotite Fe 6S 740Gypsum CaSO 4.2H 2O 19Anhydrite CaSO 424Potash Minerals/Ores%K 2 OSylvite KCl 63Sylvinite KCl . NaCl 35Carnallite KCl . MgCl 2.6H 2O 17Kainite KCl . MgSO 4.3H 2O 19Langbeinite K 2SO 4.2MgSO 423Polyhalite K 2S4 . MgSO 4.2CaSO 4.H 2O 16Alunite K 2SO 4.Al2(SO 4) 34Al(OH) 311Phosphate Rock %P 2 O 5Tricalcium phosphate Ca 3(PO 4) 246Fluorapatite Ca 10(PO 4) 6F 242Carbonate apatite Ca 10(PO 4) 6CO 341Hydroxyapatite Ca 10(PO 4) 6(OH) 242FACT BOOK 2015Agrium 113

product analysis% N % P 2 O 5 % K 2 OAmmonia, anhydrous 82 0 0Ammonia, aqua 20.5–28 0 0Ammonium chloride 25–26 0 0Ammonium nitrate 34.5 0 0Ammonium phosphate sulphate 16 20 0Ammonium sulphate 21 0 0Ammonium polyphosphate solution 10 34 0Monoammonium phosphate 11 52 012 51 0Diammonium phosphate 18 46 0Nitric acid (100%) 22.2 0 0Nitric acid (60%) 13 0 0Sodium nitrate 16 0 0Urea 46 0 0Urea ammonium nitrate solutions 28–32 0 0Urea ammonium phosphate 34 17 033 20 029 29 0Calcium ammonium nitrate 20.5–28 0 0Calcium nitrate 11.9–15.5 0 0Dicalcium phosphate – anhydrous 0 52.2 0Dicalcium phosphate – dihydrate 0 41.3 0Single superphosphate 0 16–22 0Triple superphosphate 0 44–48 0Deflourinated phosphate 0 37 0Fused magnesium phosphate 0 19–20 0Phosphoric acid 100% 0 74.2 0Phosphoric acid merchant grade 0 54 0Superphosphoric acid 0 70 0Muriate of potash 0 0 60Potassium sulphate 0 0 50–54Potassium nitrate 13 0 44Potassium magnesium sulphate 0 0 21.9114 Agrium FACT BOOK 2015

general conversion factors1 Acre = 0.4048 Hectares1 Acre = 4.048 x 10 -3 Sq. kilometers1 Acre = 43,560 Sq. feet1 Atmosphere = 14.696 Pounds/sq. inch1 Atmosphere = 1.033 Kilograms/sq. centimeter1 Barrel (oil) = 42 Gallons, US1 Cubic foot = 2.8317 x 10 -2 Cubic meter1 Cubic foot = 6.2291 Gallons, Imperial1 Cubic foot = 7.4805 Gallons, US1 Cubic foot = 28.3170 Liters1 Cubic foot = 0.025 Tons, US Shipping1 Cubic meter = 1.308 Cubic yards1 Cubic meter = 220 Gallons, Imperial1 Cubic meter = 265 Gallons, US1 Cubic meter = 6.289 Barrels (oil)1 Cubic meter = 3.5830 x 10 11 mmBtu1 Degree Fahrenheit = (°F – 32) x 0.556 Degree Centigrade1 Degree Centigrade = (°C x 1.8) + 32 Degree Fahrenheit1 Dollar/metric ton = 0.90719 Dollars/short ton1 Dollar/short ton = 1.1023 Dollars/metric ton1 Gallon, Imperial = 1.201 Gallons, US1 Gallon, Imperial = 4.5461 Liters1 Gallon, US = 3.7853 Liters1 Grain/gallon = 17.12 Parts/million1 Grain = 2.205 x 10 -3 Pounds1 Sq. foot = 9.29 x 10 -6 Hectares1 Sq. meter = 10.764 Sq. feet1 Sq. meter = 1.196 Sq. yards1 Sq. mile = 259.00 Hectares1 Sq. mile = 2.590 Sq. kilometers1 Ton, long = 1016.05 Kilograms1 Ton, long = 2,240 Pounds1 Ton, long = 1.0161 Tonnes1 Ton, long = 1.120 Tons, short1 Ton, long/acre = 2.511 Tonnes/hectare1 Ton, long/sq. ft. = 1.0937 x 10 -4 Kilograms/sq. meter1 Ton, long/sq. inch = 1.575 Kilograms/sq. mm1 Ton, metric = 2,204.6 Pounds1 Ton, metric = 0.9842 L. tons1 Ton, metric = 1.102 S. tons1 Ton, metric/hectare = 0.3982 L. tons/acre1 Ton, metric/hectare = 0.4460 S. tons/acre1 Ton, short = 907.19 Kilograms1 Ton, short = 2,000 Pounds1 Ton, short/acre = 2.242 Tonnes/hectare1 Ton, Brit Shipping = 1.050 Tons, US Shipping1 Ton, US Shipping = 40.0 Cubic Feet1 Yard = 0.9144 MetersFACT BOOK 2015Agrium 115

energy conversion factors1 Btu = 0.252 kcal1 Btu = 2.931 x 10 -4 KWh1 Btu/cu. ft. = 8.90 kcal/m 31 Million Btu = 1.055 GJ1 Million Btu = 0.9649 Mcf1 GJ = 0.9145 Mcf1 Million Btu/tonne = 0.90719 Million Btu/short ton1 Million Btu/short ton = 0.2777 Million kcal/tonne1 Million Btu/long ton = 0.248 Million kcal/tonne1 Calorie = 4.186 Joules1 Horsepower hr = 0.746 KWh1 Million kcal/tonne = 4.033 Million Btu/l. ton1 Million kcal/tonne = 3.601 Million Btu/s. ton1 KWh = 3.411 MBtu1 KWh = 859.6 kcal1 KWh = 1.34 Horsepower hrs1 KWh = 2.4 lb HP steam (42 atm)1 KWh = 3.0 lb HP steam (3 atm)1 kWh/tonne = 0.90719 kWh/short ton1 kWh/short ton = 1.1023 kWh/tonne1 mcm = 36.59 mmBtu at heat of 1,036.4 Btu/cf116 Agrium FACT BOOK 2015

other constants and conversions factorsCalorific ValuesNatural gas 900–1,100 Btu/ft 3LNG49-53 mmBtu/tonneLPG46 mmBtu/tonneNaphtha44 mmBtu/tonneFuel oil40 mmBtu/tonneCoal20-30 mmBtu/tonneMethanol21 mmBtu/tonneHydrogen113 mmBtu/tonneNutrient FactorsTo Convert To Multiply ByP 2O 5BPL 2.185BPL P 2O 70.4577KCl K 2O 0.61K 2O (K) KCl 1.6Florida Rock: Polk County = 68-70% BPLMardee County = 62-66% BPLWestern U.S. States Phosphate Rock = 70% BPLFACT BOOK 2015Agrium 117

other constants and conversions factorsCrop Weight Conversions1 tonne = 1 bu =Barley 44.092 bu (50 lb) 0.022680 tonne(Australia, New Zealand)Barley 45.931 bu (48 lb) 0.021772 tonne(United States, Canada)Canola/Rapeseed 44.092 bu (60 lb) 0.022680 tonneFlaxseed 39.368 bu (56 lb) 0.025401 tonne(United States, Canada, Australia)Corn (Maize) 39.368 bu (56 lb) 0.025401 tonne(United States, Canada, Australia, New Zealand)Oats 55.116 bu (40 lb) 0.018144 tonne(Australia, New Zealand)Oats 64.842 bu (34 lb) 0.015422 tonne(Canada)Oats 68.894 bu (32 lb) 0.014515 tonne(United States)Potatoes 36.744 bu (60 lb) 0.027216 tonne(United States, Canada)Rice, paddy 52.490 bu (42 lb) 0.019501 tonne(Australia)Rice, paddy 48.991 bu (45 lb) 0.020412 tonne(United States)Rye 36.744 bu (60 lb) 0.027216 tonne(Australia)Rye 39.368 bu (56 lb) 0.025401 tonne(United States, Canada, United Kingdom,New Zealand)Soya beans 36.744 bu (60 lb) 0.027216 tonne(United States)Wheat 36.744 bu (60 lb) 0.027216 tonne(generally applicable)118 Agrium FACT BOOK 2015

ifa regional classificationWestern andCentral EuropeAlbaniaAustria*Belgium* and Luxembourg*Bosnia HerzegovinaBulgaria*Croatia*Czech Republic*Denmark*Finland*France*Germany*Greece*Hungary*Western andCentral EuropeIreland*Italy*Netherlands*NorwayPoland*Portugal*Romania*SerbiaSlovakia*Slovenia*Spain*Sweden*Western andCentral EuropeSwitzerlandUnited Kingdom*OthersEastern EuropeArmeniaAzerbaijanBelarusEstonia*GeorgiaKazakhstanKyrgyzstanEastern EuropeLatvia*Lithuania*MoldovaRussian FederationTajikistanTurkmenistanUkraineUzbekistanOthersNorth AmericaCanadaUnited StatesLatin Americaand CaribbeanArgentinaBrazilChileColombiaCosta RicaCubaDominican RepublicEcuadorEl SalvadorGuatemalaMexicoNicaraguaPeruTrinidad and TobagoUruguayLatin Americaand CaribbeanVenezuelaOthersOceaniaAustraliaNew ZealandPapua New GuineaOthersAfricaAlgeriaCameroonCôte d’IvoireAfricaEgyptEthiopiaKenyaLibyaMauritiusMoroccoNigeriaSenegalSouth AfricaSudanTanzaniaTunisiaZambiaZimbabweOthersWest AsiaAfghanistanBahrainCyprus*IranIraqIsraelJordanLebanonOmanQatarSaudi ArabiaSyriaTurkeyUnited Arab EmiratesYemenOthersSouth AsiaEast AsiaEast AsiaEast AsiaBangladeshIndiaNepalPakistanSri LankaOthersCambodiaChinaIndonesiaJapanKorea D.P.R.Korea, Republic ofLaosMalaysiaMongoliaMyanmarPhilippinesSingaporeThailandTaiwan/ChinaVietnamOthers* States that are member of The European Union (EUNote: The designation employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the InternationalFertilizer Industry Association (IFA) concerning the legal status of any country, territory, city or area or its authorities, or concerning the delimitation of its frontiersor boundaries.FACT BOOK 2015Agrium 119