Input Capital-Armegedon??

[fjlip]

"But from the outside looking in, we think all these large farms are doing so well because all they see is shiny new equipment and 90,000 super duty trucks.

Sometimes I wonder what the truth really is. I am sure there are very wealthy farms that operate well but I fear so many are on the edge."

I am betting the largest Ritchie Auctions are mostly hung by DEBT. Millions in shiny iron, all accumulated too fast. Our tiny operation took 50 of my years and 30 more of parents and grandparents lives.

[Richard5]

I am betting the largest Ritchie Auctions are mostly hung by DEBT. Millions in shiny iron, all accumulated too fast. Our tiny operation took 50 of my years and 30 more of parents and grandparents lives.[/QUOTE]

I would agree to an extent Fjlip. Some might simply be cashing in before the high drops. Some won't have a succession option or health reasons.

Others yes, may be "hung with debt", poor management choices and maybe a bit of bad luck. I think one can make your own luck by making good decisions and a balance of risk and reward.

I feel very sorry for those involved with Input Capital, now they are stuck with a big bill to get out or 18% interest for 5-8 years

[oldjim]

It sounds to me like this company is along the lines of the urban equivalent “Payday Loans”.

I would guess the end game is ownership of farmland?

The RM map here showed a couple sections in Input Capital's name for a while, now that land is in Monette's name.

[blackpowder]

Obviously a racket.
May I ask, who is Monette??

[bucket]

100000 acre farm based near swift current.

[blackpowder]

Wonder where the buck stops in this scheme.
Interesting all the schemes to acquire land out there.
Eventually any land not owned by Hutts will someday be owned by Chinese or someone like it.
Oh well.

[farmaholic]

Thursday March 15th...page 13.

If not subscribed check out the digital edition.

[bobofthenorth]

You'll want to stay tuned to this one. Read that article very carefully and read between the lines. Its not over until the judge says its over.

[iceman]

Thursday March 15th...page 13.

If not subscribed check out the digital edition.

Not seeing anything.
Another clue please

Iceman Out

[farmaholic]

Sorry Icy....I forgot to say it was in the Western Producer. My bad.