Q: What is Genesis Grain & Fertilizer LP?
Q: Why was Genesis created?
Genesis was also created in response to recent combinations of mergers and acquisitions among the traditional input companies that has left inefficiencies and confusion in some cases. Other considerations included:
• The need for a fertilizer supply and distribution system for ProjectN
• Substantial increases in the MPower product line from AgraCity
• The changes in grain transportation and handling, from the privatization of the CWB and issues related to shipment of grain by rail.
Q: What is the vision for Genesis?
Q: How does Genesis fit in with ProjectN, AgraCity and FNA?
Q: Who can invest in Genesis?
Q: What geographies do you intend to operate in?
Q: What are your current construction plans?
A: Our plan is to start construction at Belle Plaine in spring of 2020, with operations in the fall of 2020. We remain committed to the project, and continue to work with building contractors and financial institutions. In tandem, we are continuing to look and plan for the future Genesis sites.
Q: Will the farmers who invested in the ProjectN fertilizer plant automatically be part of Genesis?
A: No. Investors in ProjectN’s manufacturing facility (through the FNA Fertilizer Limited Partnership – FNA FLP) will not automatically become investors in this supply and distribution business, and will not be forced to invest in it. With or without grain handling, FNA’s plan has always recognized a need to develop a standalone supply and distribution business to market and deliver the products of the nitrogen fertilizer plant.
Q: Do I have to be an FNA Member to participate?
Q: How much capital are you trying to raise?
Q: How many farmers need to get involved? How much of the new company do you want farmers to own?
A: We will need somewhere between 2,300 and 10,000 farmers to participate, depending on the average size of individual commitments. This is being offered to FNA Member farmers only. Farmers will own the majority of the business.
Q: Where did you come up with the dollar amount that is required to execute this strategy?
Q: What are my guarantees?
A: The initial offering has closed, however, we can continue to attract farmer investors. All money remains in escrow until we start construction. All project development work to date has been funded by the promoters.