Agrium Reports Strong Results from Retail and Wholesale Operations

Release Date: 11/3/2005

ALL AMOUNTS ARE STATED IN U.S.$

CALGARY, Alberta -- Agrium Inc. (TSX and NYSE: AGU) announced today that net earnings for the third quarter of 2005 were $72-million ($0.54 diluted earnings per share), beating the previous third quarter record set last year at $58-million ($0.43 diluted earnings per share) excluding non-recurring Kenai-related benefits from 2004.  Net earnings for the third quarter of 2004 including the non-recurring income were $83-million ($0.60 diluted earnings per share).

To view the full financial results click here.