CALGARY, Alberta -- Agrium Inc. (TSX and NYSE: AGU) announced today its highest ever quarterly earnings, with net earnings for the second quarter of 2007 of $229-million ($1.70 diluted earnings per share), a more than 60 percent increase over net earnings of $142-million ($1.06 diluted earnings per share) for the same period in 2006.  Net earnings for the first six months of the year were a record $218-million ($1.63 diluted earnings per share), more than double 2006 net earnings of $94-million ($0.71 diluted earnings per share) for the same period in 2006.

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