With employees in several key agricultural regions around the globe, we know the crop nutrient world better than anyone else.

Many of the world's most densely populated regions, like Asia and Latin America, are also the world's most rapidly expanding economies. That means a growing global middle class. These and other trends will put tremendous pressure on agricultural resources in these regions.

We are at the leading edge of global demand growth, and Mosaic is well positioned to capitalize on it.

Mosaic's extensive global distribution network, a key differentiator, gives us an unparalleled advantage in efficiently moving our products around the globe to serve areas of most intense growth. Our blending and bagging operations, port facilities and distribution operations in several countries are situated in prime growth regions, particularly Brazil, India, China and Argentina. This exposes Mosaic to a wide array of regions on both sides of the equator, giving us the ability to better balance seasonal demand patterns.

Mosaic's focus to better address growing global demand triggered a bold move — a comprehensive realignment of our distribution capabilities. One fundamental objective anchored this effort — to ensure that our distribution capabilities were tightly connected with our extensive North American production assets and focused on key regions. We integrated our global sales, marketing and agronomy functions and realigned our Offshore business segment into the Phosphates segment.

Optimizing distribution means better focus on key geographies. In fiscal 2010, we exited certain businesses that did not support our North American production assets or where growth potential was unclear. We sold distribution businesses in Thailand and Mexico. These actions concentrate our distribution assets in markets with maximum growth potential.

Today, Mosaic's distribution capabilities are well suited to opening up our North American production capabilities to an expanding global market. But the advantages of this alignment go well beyond the mere ability to move product.

With employees in several key agricultural regions around the globe, we know the crop nutrient world better than anyone else. Sales and marketing benefit from uniform approaches. Today, our agronomy function has real-time visibility on which agricultural practices around the world are having the most impact. And the realignment has created new efficiencies and allows us to better share best practices worldwide.

We've created a more collaborative enterprise, more engaged employees, a more intense focus on the needs of the customer and higher levels of satisfaction. Today, Mosaic's global distribution network is a key factor in our bright future.