Legal advice

[Simpleton]

Good operations can fall into tough times but I have to wonder are you one of the guys bidding up land rent and buying every quarter you can get your hands on so the neighbours can't have it?

[AlbertaFarmer5]

Please pardon my ignorance on the subject. But what role does the lawyer play when this happens? If your intention is to dig yourself out of the hole, then I would think that bringing in an adversarial lawyer would only make matters worse. Or does a lawyer only come into play once it is beyond that point, and the attempt is to salvage as much as possible from the ruins? I is the assumption that a third party(bank perhaps) has caused the problem and a lawyer is needed to sort it out?

[RTK]

Without knowing all the facts I would suggest 1st determining what you see as a viable solution. Update your balance sheet and sit down with your main creditor. If you are not comfortable with numbers then a good consultant could assist you... Good ones are hard to find and a reasonable fee to me wouldbe $750 or less if you supply all information.

Do not fall for $10000 fee crap...

If you are genuine and looking for some legal advice and workable solutions I would call Layh Law Office in Langbrouge, SK.

[Eeyore]

We were asked to find a new bank by October 30th, I've applied to quite a few and none are willing to take us on so I'm trying to be prepared , no experience n this sort of thing and not really the trusting type I think some second opinions before I get lead down the wrong road.
I'd love to meet tweety someplace, keyboard warrior . Your mama must be proud

[Grahamp]

I don't have any names to give other than to say I feel your pain. We went through a very difficult series of events from 99-05. Which culminated in is getting out of grain and doing a large cattle expansion in late 02, just 6 months prior to BSE. It is stressful and sometimes there are no answers. We ended up selling some land to survive. Things have gone very well since about 09 but I'll never forgot the feeling of being very close to losing everything. As has been mentioned talk to your creditors, check with debt review board, they may have some options that surprise you.

Finally and I don't mean to give unsolicited advice but don't take out the frustration of the situation on your loved ones. It is so easy to take things out on them when everything is going wrong. Hope things work out for you.

[westernvicki]

Land recently sold for as high as 3.5 Assessed value! Just sayin.

[makar]

Banks are the death of farming, have you talked to farm credit? Left the banks years ago.

[farmaholic]

Just a thought and general comment( no accusations):

Just because they'll lend it to us doesn't mean we have to borrow it!

[Redone]

This is the biggest thing that keeps me up at night. We are about 10 years in to full time agriculture and it is damn scary what banks are willing to lend out. We recently expanded our credit line as our business has grown and when meeting with the bank they wanted to give us more than we were asking for. I told them I could not pay that amount down in a year and they didn't see the problem with that.

Good luck through this, and if you find anything out please let us know

[furrowtickler]

Vicky , how does that work on sub $5 wheat or feed barley or shit lentils ?????
Maybe ok with canola but I guess that's for the canola snow canola rotations