Canadian Potash AND Credit for First Nations farmers

The ongoing war in Ukraine is creating problems for two major exporters of potash fertilizer.Prior to the conflict, Russia and its close ally---Belarus----accounted for a combined 40 percent of global potash production. Both countries are going through challenges selling their product. Nutrien has six potash mines in Saskatchewan and is in the process of expanding production at three of those mines.Ken Seitz is Nutrien's Chief Executive Officer. He says while Russia has managed to skirt around European sanctions by moving more oil and natural gas to China and India---it is a much different story for potash, which is a bulk commodity. Farm Credit Canada is working with indigenous peoples to expand agricultural ventures---both large and small.However, accessing capital from banks has been a major challenge for First Nations and Farm Credit Canada want to make the process easier.Shaun Soonias is the Director of Indigenous Relations with FCC. He says First Nations already have business experience in other economic sectors.See omnystudio.com/listener for privacy information.