Though our mining assets are concentrated in Florida and Saskatchewan, our finished fertilizer products – about 17 million tonnes annually – are distributed to virtually every corner of the earth. World-scale transportation logistics, an offshore asset base and customer service operations are crucial to ensuring we achieve our most important objective – to provide our customers with the right nutrients in the right place at the right time.

Our ability to meet this goal has been tested as never before during the past 12 months as demand for crop nutrients reached record levels. Fortunately, during the past two years, we have developed customer-focused programs that are based on planning and forecasting. These programs have proved to be invaluable as inventory levels at our production and warehousing points have reached record low levels. Throughout this period, Mosaic's first priority has been to provide its customers with the products they need. This is in line with our goal to be the supplier of choice to a diverse customer base that ranges from large regional distributors to individual farmers.

Global Distribution Network

Our global distribution network is a vital part of this effort. More than 1,600 Mosaic employees in nine countries around the world provide groundlevel expertise to our local customers. This team also acts as an important source of regional market intelligence to help shape our production and capacity strategies. This network, combined with a significant base of offshore assets, forms a global view of agricultural fundamentals and the endless number of variables – crop varieties, growing cycles and government policies to name a few – that face Mosaic. As we look to the future, our view is a highly favorable one.

Major South American Presence

Our largest concentration of assets outside North America is in Brazil, where we own and operate eight bulk blending plants and two GSSP plants. These wholly owned assets combined with significant interests in other phosphate mining, processing plants and port infrastructure provide Mosaic with a significant presence in this growing agricultural region. We also have a significant position in Argentina, where consumption of phosphates is growing at among the fastest rates in the world. Here, we own port and terminal facilities, as well as the country's only GSSP production facility.

Asia: Large and Growing

In terms of its sheer size, the Asia-Pacific region represents tremendous growth potential. China is the largest importer of potash in the world and the country's increasing prosperity continues to create ample demand opportunities for our phosphate operations in China and in other areas of Asia. Our interests in two bulk-blending facilities and granulation plants in China serve as a solid base from which we can expand our presence throughout Asia. India is another "super-sized" region and one in which there are few indigenous sources of phosphate or potash. Distribution and port facilities as well as an in-country customer service team help Mosaic meet the needs of thousands of wholesale and retail customers in India.

With confidence that population and income growth in developing countries will translate into strong demand well into the future, Mosaic will continue to seek investment opportunities that can further expand our offshore asset base in order to fortify our position as the world's largest crop nutrient supplier.