SIOUX CITY, Iowa--(BUSINESS WIRE)--Nov. 11, 2009-- Terra Industries Inc. (NYSE: TRA) today announced that PROXY Governance, Inc. and Egan-Jones Proxy Services, two of the nation’s leading independent proxy advisory firms, recommend that Terra shareholders vote FOR Terra’s three directors – Martha O. Hesse, Dennis McGlone, and Chairman, Henry R. Slack on the WHITE proxy card at Terra’s November 20, 2009 Annual Meeting.

“We are pleased that PROXY Governance and Egan-Jones have separately indicated their support for the re-election of all three Terra directors,” said Terra President and CEO Michael Bennett. “PROXY Governance and Egan-Jones’ recommendations reinforce our strong belief that Terra’s Board of Directors, which has returned more than $1 billion in value to shareholders over the past four years, is best suited to continue executing on our focused and prudent strategy and driving shareholder value.”

Bennett continued, “CF Industries Holdings, Inc.’s (NYSE: CF) latest proposal is inadequate and opportunistic and not in the best interests of Terra shareholders. We strongly believe that CF’s nominees, if elected to Terra’s Board, would work to advance CF’s inadequate proposal and CF’s self-serving interests at the expense of all other Terra shareholders. We urge Terra shareholders to follow the recommendation of both PROXY Governance and Egan Jones and vote FOR Terra’s directors on the WHITE proxy card today and discard any blue proxy card they may receive from CF.”