What happened to these large, professionally run organizations?I can't find out who are the players in these corporate entities only the list of creditors. It would be nice to know so a farmer doesn't possibly get caught in the middle. Just asking.
-
-
"What happened to these large, professionally run organizations?".....
....too many "professionals"!! -
I think it's fascinating. I would like to know how these companies unravel and the players involved.
Most farmers I know are primarily concerned with paying creditors and keeping their operations in reasonable shape so they can continue to farm. Something like this broad acre hits the speaking circuit describing the the answers to risk management and big production and management ability. I used to leave those presentations with a thousand questions in my head and a sense if incompetence .
SF3 has the best term, these companies become the "darlings" of the industry. Then, the 46 MILLION dollar letter to creditors never reaches the media.Comment
-
Good post hobby - it pisses me off reading our farm mags that wax on and on and on about Joe Big Acres who is going to show us HOW. And exactly what you said- in the back page in small print it mentions a bankruptcy-Comment
-
Interesting to follow various managers in these various companies and see where they are/go. Next victims?Comment
-
Heard their problems started when investors lost confidence and the ones that could called loans. durum that didn't make grade part of that. Don't plan on selling land at this time. That tells me he will be looking for new putzs, sorry I mean investors, to start over.Comment
-
As I understand it it wasn't the investers it was
The Scotia Bank, a secured creditor who sued.
They have filed for creditor protection which may
mean they may not have a lot of choice what gets sold etcComment
-
Here is an AV exchange from April 2012.
SF3, this time take out your cheque book!
https://www.agriville.com/cgi-bin/forums/viewThread.cgi?1333372892Comment
-
Is it a deep secret who the managers, investors...are? Making the names public would give people a heads up in future investments.Comment
-
Are all the creditors listed in this Notice to Creditors?Comment
- Reply to this Thread
- Return to Topic List
Comment