Broadacre and Wigmore

[farmaholic]

oneoff, that didn't answer the question, Did FCC assume/payout KU Farms position in BroadAcre?

[oneoff]

I too was speaking in generalities; and used a quote from a certain "grain" companies propectus.

A similar question is would it be smart for a farmer to deliver and lose 100% control of their physical product; to a companylicenced only as a grain dealer; and with zero track record in Western Canada.

However; I will attempt to give an opinion on the last question; after doing some further research. Its a fair question; and I just have no knowledge; yet; of the circumstances.

In the same vein; I would ask for some support or at least contradictory points of view on equally important issues.

A lot of the time it is apparent that some people just get used as whipping boys; to deflect attention in other directions.

[bigzee]

Wondering if anyone would pre pay for fert etc from Wigmore with their financial situation?

[hobbyfrmr]

I think the only people who know about this mess to any degree is the people on the letter to creditors, the people following this thread and those closest to wig more. Otherwise this little bump will go unnoticed in western Canada. If Wigmore company has any sense they would not continue to sell product. That's the weird/ frustrating part of companies too big to fail.

[Hopperbin]

What about loan ins? Am thinking this shit show would have been required to carry loan ins considering the debt level. How would Ins play out? Who would provide the ins? I dont carry it cause I consider it a cost I dont need and it is optional for me.

[Hopperbin]

Now if banks become an Ins beneficiary where they are completely covered these dinks will be back inbusiness next year after a year in kauai. Then again what the hell for when you got millions in cash. Sit back and enjoy.

[Richard5]

Loan insurance would only be if a death of the owner, would not cover for bankruptcy

[sumdumguy]

Hopper, one has to qualify for loan insurance to get it.

[Hopperbin]

Richard you are correct. My thinking was twisted.
That said There is some sort of ins the banks can take out on these high risk ventures isnt there?

[Hopperbin]

As for us family farms we must have even better reputation than ever. It should only hurt their type.