Winnipeg, Manitoba
March 27, 2003

Agricore United's Board of Directors elected its new executive committee at its quarterly board meeting held in Winnipeg today. Jim Wilson of Darlingford, MB was elected Chairman, replacing Neil Silver who had served on an interim basis since February when Ted Allen stepped down as President and Chairman. Jon Grant was elected to serve as First Vice-Chairman.

Mr. Wilson, who is currently the Chairman of the Canada Grains Council, was elected to the board of
Manitoba Pool Elevators in 1995 and served as First Vice-President of Agricore Cooperative Ltd. from
1999 to 2001. He has been a director of Agricore United since the company was formed in November
2001. Since 1974, Mr. Wilson and his wife Norleen have farmed at Darlingford growing cereals,
oilseeds and pulse crops and have operated a seed processing plant since 1993. He also obtained his
designation as a Chartered Accountant in 1974, working in public practice until 1993.

Mr. Grant, formerly the Chairman of the Laurentian Bank of Canada, is the Chairman of CCL Industries Inc. and is Vice Chair of the Nature Conservancy of Canada. He is the retired Chairman of Quaker Oats Company of Canada Limited, and is also serving or has served as a director of several other Canadian companies, including United Grain Growers from 1993 to 1997.

Three other directors were elected to the executive committee today. Maurice Lemay of Tangent, AB is Alberta Vice Chair, Terry Youzwa of Nipawin, SK is Saskatchewan Vice Chair and Wayne Drul of Oakburn, MB is Manitoba Vice Chair.

Agricore United is one of Canada's leading agri-businesses. The prairie-based company is diversified into sales of crop inputs and services, grain merchandising, livestock production services, and farm business communications. Agricore United's shares are publicly traded on the Toronto Stock Exchange under the symbol "AU".