Links to Northgate SK development

[oneoff]

What do you call a townsite that recently lost it post office; had the SaskTel property sold; experienced a run on every last available building, shack, house or trailer.... and not a soul will admit they know what is going on.

On the other hand; SAMA found some $18,000 of new imporovements on the "Reserve" land on Jun 14/2012. It was land specifically earmarked for Schools and I presume recreational facilities and maybe parks and green space. But how would anyone know since the council meeting has been conspicuously silent on every matter concerning the townsite of Northgate and everything associated with it.

Not one mention of Northgate "Reserve" land since at least last September.


Well here is a link to the recent financial Statement of Ceres Ag Global


http://ceresglobalagcorp.com/pdfs/Ceres_FS_12-06-2012.pdf

Look carefully for Stewart Southern Rail which is a Saskatchewan shortline rail company that has some serious activity going on.

It appears Corus Land Holding Corp is now an integal part of a fairly substancial grain handling enterprise (Riverland Ag). And the inter relationships of various companies are coming to light
However, the development plans are not at all obvious; and no there was not a development permit that I heard of coming to council.

The whole works are accumulating capital losses which may one day be used for some sort of tax credit; especially in Canada.

[tipsy]

what'da call a sell off?? I'da call it a sell sell out!!!! thank ya very much...

[oneoff]

Here are some excerpts from Cere's reports to its shareholders...

Also, with the removal of the Canadian Wheat Board monopoly, opportunities
to buy spring wheat from a market 1.5 times larger than the U.S. market, for the first time in over
75 years, presents opportunities and certain structural challenges on which Riverland Ag is
working on providing solutions

Management believes that there will be increased southward movement of
Canadian Grain to the United States for U.S. domestic consumption and to utilize the American
grain export infrastructure. This could increase the demand for storage space in the United
States, and Riverland Ag could play a role in meeting this demand. Consequently, Riverland Ag
is readying itself for these changes and working to identify and capitalize on the emerging
opportunities.


The increase in property, plant and equipment reflects (a) the investment in the 2.3 million bushel
expansion of the Malt One facility in Minneapolis, Minnesota, (b) the acquisition of a facility in
14
Manitowoc, Wisconsin, (c) the acquisition of property in the latter part of this fiscal year (d) the
effects of changes in foreign exchange rates used to translate the U.S. dollar accounts of
Riverland Ag to Canadian dollars, and (e) the effects of depreciation expense.


As a result of a return to more normal growing conditions, the oat crop should benefit from
increased production in Canada. Agriculture and Agri-Food Canada expects seeded area to
increase for the 2012 crop year by 9% and production to rise by 5% with carry-out stocks
expected to increase by 10%. Oat production in the United States, which is minor compared to
Canada, is expected to rise as well for the 2012 crop year compared to the previous year;
however, the downward trend in U.S. oat production that has been occurring for the past 20 years
is not expected to reverse.
The spring wheat market represents an exciting new opportunity for Riverland Ag because of the
removal of the Canadian Wheat Board’s monopoly of Western Canadian wheat and barley,
effective August 1, 2012. In past years Riverland Ag, as a grain merchant, was unable to buy
western Canadian spring wheat and equally importantly, it was not deliverable against the
Minneapolis futures markets. Therefore, even if Riverland Ag were able to buy this wheat, it
would not be able to hedge its position. As a result, Riverland Ag had to focus on U.S. spring
wheat which, because of the increasing encroachment of corn and soybeans, was experiencing an
ever-narrowing production area in the Northern parts of the Dakota’s, Minnesota and Montana.
With the removal of the CWB monopoly and a change made by the Minneapolis Grain Exchange
to begin accepting Canadian wheat for delivery against its contracts, Riverland Ag can now
originate and hedge Spring Wheat in a market that is approximately 1.5 times larger than it was
before the departure of the CWB. The significant increase in the size of the Spring Wheat
tributary to the MGEX wheat futures contract should add to its size and flexibility and should
make it a much more vibrant arena for hedging going forward.
According to Agriculture and Agri-Food Canada, Canadian Spring wheat planting is expected to
rise by 10% as areas get planted this year in parts of Saskatchewan and Manitoba that were
affected by last year’s excessive moisture levels. Spring Wheat acres are also expected to rise
slightly in the United States. This, coupled with an improving forward futures curve, should bode
well for Riverland Ag to replenish its inventory levels.
Other crops, such as winter wheat, barley and rye are seeing positive trends for the 2012 crop
year, similar to the oats and Spring Wheat crops described above.
With the removal of the CWB monopoly, we expect to see a more integrated North American
grain market develop. If this occurs, we expect new sourcing paradigms to develop based on an
increased north-south flow of grain versus the historical east-west flow. Ceres and Riverland Ag
management are aggressively identifying these opportunities.



Concerning its trade accounts receivable, Riverland Ag regularly evaluates its credit risk to the
extent that such receivables may, from time to time, be concentrated in certain industries or with
significant customers. Riverland minimizes this risk by having a diverse customer base and
established credit policies. The aging of Riverland Ag’s trade accounts receivable are
substantially current. Based on its review and assessment of its trade accounts receivable,
management has determined credit risk related to trade accounts receivable is minimal.
Riverland Ag’s participation in the grain business makes it subject to market price volatility
inherent in agricultural commodities. The nature of Riverland Ag’s arbitrage and merchandising
business mitigates the effect that short- and near-term price volatility would otherwise have on
operating earnings. Interest costs on debt used to finance inventory fluctuates with changes in
commodity prices. Riverland Ag typically builds inventory positions that bridge different crop
years, which serves to mitigate earnings volatility related to poor or bumper crop years.