CHS Inc., a leading U.S. farmer-owned cooperative and a global energy, grains and foods company, has agreed to acquire selected Canadian retail assets from Crop Production Services (Canada) Inc., a wholly owned subsidiary of Agrium, Inc., which is a major retail supplier of agricultural products and services.

Under the agreement, 16 retail agronomy locations in the provinces of Alberta and Saskatchewan become part of the Country Operations division of CHS. The transaction is expected to be completed on or about April 1, 2014. Financial terms are not disclosed.

"We look forward to expanding our ability to serve farmers and ranchers in Canada, and to being a strong partner in their communities," said John McEnroe, executive vice president, CHS Country Operations. "Our goal is always to add value for our customers through local experts with global connections."

The newly acquired business will be able to take advantage of a new 42,000-ton fertilizer plant outside Shelby, Mont. In its final stages of construction, the facility, with 110-car shuttle loader access to the BNSF line, is expected to open for the spring 2014 season.