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Agrium Declares Dividend

CALGARY, ALBERTA--(Marketwire - 12/10/10) - ALL AMOUNTS ARE STATED IN U.S.$The Board of Directors of Agrium Inc. (TSX:AGU - News) (NYSE:AGU - News) has declared a dividend of five and one half cents U.S. per common share to be paid on January 11, 2011 to shareholders of record on December 30, 2010.All dividends paid by Agrium Inc. are, pursuant to subsection 89(14) of the Income Tax Act, designated as eligible dividends. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend tax credit.About AgriumAgrium Inc. is a major retail supplier of agricultural products and services in both North and South America and a leading global producer and marketer of agricultural nutrients and industrial products. Agrium produces and markets three primary groups of nutrients: nitrogen, phosphate and potash as well as controlled release fertilizers and micronutrients. Agrium's strategy is to grow through incremental expansion of its existing operations and acquisitions as well as the development, commercialization and marketing of new products and international opportunities.