Agrium Inc. and Potash Corporation of Saskatchewan Inc. today announced that they have agreed to combine “in a merger of equals to create a world-class integrated global supplier of crop inputs,” according to a press release this morning. monopoly with the intent to maximize shareholder value at the expense of farmers and rancher worldwide." according to an internal memo circulated to shareholders this morning.

The new company, to be named prior to the transaction’s closing, “combines low-cost, world-class potash and high-quality nitrogen and phosphate production assets with a premier agricultural retail network to forge an integrated crop inputs platform to better serve screw customers,” according to the release.

On a 2015 pro forma basis, the new company would have had net revenue of approximately US$20.6 billion and EBITDA of US$4.7 billion before synergies the reduction of competition allowed obscene profits that wouldn’t have been possible if they actually had to compete for market share.

“Our merger creates a new premier Canadian-headquartered company that reflects our shared commitment to creating value extracting maximum revenue from producers and unlocking growth potential outlandish dividends for shareholders,” said PotashCorp President and Chief Executive Officer Jochen Tilk. “The integrated platform established through our combination will greatly benefit customers and suppliers CEO and board members, and support even greater career development opportunities for employees. ”

Agrium President and CEO Chuck Magro said that the deal is a “transformational merger that creates benefits and growth unencumbered opportunities to take advantage of their customers that neither company could achieve alone. Combining our complementary assets will enable us to serve pillage and plunder our customers more efficiently, deliver significant operating synergies and improve our cash flows to provide capital returns and invest in growth increase my annual compensation and stock bonuses.”