Viterra Inc.
TSX : VT

Viterra Inc.

December 12, 2008 10:05 ET

Farmers' Access to Viterra Credit Unaffected by Market Conditions

REGINA, SASKATCHEWAN--(Marketwire - Dec. 12, 2008) - Viterra Inc. (TSX:VT) is pleased to announce it has pre-approved over 19,000 customers for credit financing to date, totaling over $830 million.

"Given the recent media attention surrounding tightening credit markets, it is important for our farm customers to know that our financing which is backed by Scotiabank has not been affected by these conditions. We expect to extend a total of $1.4 billion in credit by spring of next year. Our competitive rates and repayment terms allow our customers great flexibility to make purchases as they see fit while managing their cash flow requirements," said George Prosk, Senior Vice-President, Financial Products.

Viterra offers its customers credit throughout the year to assist with their purchases of farm supplies such as seed, fertilizer, crop protection products and equipment. Additionally, Viterra offers a financing package through its Livestock Feed and Services division under the brand name Unifeed Financial, which provides flexible financing that is customized for livestock operations. This innovative program includes funding for the purchase of feed inputs at competitive rates.

Producers are encouraged to contact their local Viterra or Unifeed representative for details on how to apply for credit financing. Contact details can be found at www.viterra.ca or www.unifeedfinancial.com.

Viterra Inc. is Canada's leading agribusiness, with extensive operations and distribution capabilities across Western Canada, and with operations in the United States, Japan and Singapore. The Company is diversified into sales and services of crop inputs and equipment, grain handling and marketing, livestock feed, agri-food processing and financial products. These operations are complemented by value-added businesses and strategic alliances, which allow Viterra to leverage its pivotal position between farm producers and destination customers. The Company's common shares are listed on the Toronto Stock Exchange under the symbol VT.

Contact Information

  • Viterra Inc.
    Susan Cline
    Investor Relations and Corporate Affairs
    (306) 569-6948
    Website: www.viterra.ca