Cargill to sell Swift Current plant, will continue feed mill management service



    SWIFT CURRENT, SK, May 5 /CNW/ - Cargill announced today that it has
reached an agreement with New Generation Pork Finishing Inc. (NG) to buy
Cargill's Swift Current, Saskatchewan feed mill and property. Officials from
both companies anticipate that the sale will close by May 15, 2009.
    According to NG officials, the addition of the Swift Current feed mill
facility complements its separate acquisition of hog facilities in the area to
position NG as an efficient producer of pork in Saskatchewan. "We are very
pleased to be able to invest in these opportunities, as they will help us
promote and advance pork production in this region," said Dickson Gould, an
officer of New Generation. "Moreover, with the populating of the hog finishing
barns, new jobs have and will continue to be brought to the Swift Current and
southwest Saskatchewan area in a time when many positions in the industry are
being reduced or eliminated."
    Under the purchase agreement, Cargill will provide feed mill management
services to support the ongoing operations of the Swift Current mill. "We feel
that the relationship and agreements with New Generation Pork Finishing will
allow us to ensure a more sustainable footprint in the Swift Current area,
provide continued employment for our valued team, and maintain our ability to
serve our customers in the province through the development of manufacturing
capabilities in North Battleford, Saskatchewan," said Phil Graham, general
manager for Cargill Animal Nutrition's western Canada business. "Cargill's
commitment to western Canada's livestock industry is enduring and robust, as
demonstrated by these actions," he added.

    About New Generation Pork Finishing Inc.:

    New Generation Pork Finishing Inc. is a state-of-the-art, 5,000-sow
farrowing operation in full production based near Hamiota, Manitoba. The
addition of finishing spaces in southwest Saskatchewan make NG an integrated
production flow producing over 125,000 market hogs a year. The partners of NG,
which comprise successful individuals focused in areas of agriculture and
agribusiness, include members of the Progressive Group, with over 45 years of
operational and management experience in livestock production. Through
successful partnerships and equity investments in agriculture and
manufacturing, the Progressive Group has gained insight into the specifics of
day-to-day management needs and achieved a proven track record in the swine
industry. By combining the areas of general management, biological
performance, record keeping, and feed manufacturing, PG today has developed
one of the largest and most successful production models of its kind in
Canada. For more information, visit: http://www.theprogressivegroup.ca.

    About Cargill:

    A business unit of Cargill, Incorporated, Cargill Animal Nutrition
(www.cargillanimalnutrition.com) is a customer-focused organization working to
bring product and service solutions to producers. Cargill is an international
producer and marketer of food, agricultural, financial and industrial products
and services. Founded in 1865, the privately held company employs 160,000
people in 67 countries. Cargill helps customers succeed through collaboration
and innovation, and is committed to applying its global knowledge and
experience to help meet economic, environmental and social challenges wherever
it does business. For more information, visit www.cargill.com.





For further information:

For further information: Media Contacts: Brock Campbell, (204) 388-7010,
bcampbell@theprogressivegroup.ca; Robert Meijer, (204) 947-6370,
robert_meijer@cargill.com

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CARGILL LIMITED

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