Viterra Inc.

Viterra Inc.

March 26, 2008 13:37 ET

Viterra Launches Carbon Credit Program

REGINA, SASKATCHEWAN--(Marketwire - March 26, 2008) - Viterra (TSX:VT) is pleased to announce the launch of its new Carbon Credit Program in Alberta. Producers using reduced or no till farming practices, which decrease greenhouse gas emissions, are eligible to apply.

Viterra's new Carbon Credit Program offers producers a choice. They can elect to be paid in cash or, for a limited time, receive additional value for their carbon credits when they are put towards purchases on their Viterra account. Viterra will assist producers with developing their carbon offset project plan and registering their credits.

"With over 100 locations in Alberta and decades of experience in Western Canada, Viterra is well-positioned to assist farmers through this new program," said George Prosk, Senior Vice-President, Financial Products. "We will work one-on-one with our customers to capture the most value for their carbon credits."

Producers are encouraged to call 1-866-712-1090 to determine their eligibility and to receive additional information on this program.

Viterra Inc. is Canada's leading agri-business, with extensive operations and distribution capabilities across Western Canada, and with operations in the United States and Japan. The new company is diversified into sales of crop input services 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 Prairie farmers and destination customers. The Company's common shares are listed on the Toronto Stock Exchange under the symbol VT.

Contact Information

  • Viterra Inc.
    Peter Flengeris
    Investor Relations and Corporate Affairs
    (306) 569-4810