MONETTE FARMS land parcels for sale

[fjlip]

Creditor list...

https://monette.buperac.com/#creditors

[LEP]

Bu to the Acre

WOW

Bu per acre has too much time on his hands.

[LEP]

I am curious. How much information is available on limited partnerships?

If a person and his wife are sole owners of this conglomerate.

Why do you need limited partnerships in your business structure?

Except to shelter investors.

[Taiga]

LP’s are pretty much standard operating procedure in the litigious US, not a Canadian thing.

[jamesb]

I am curious. How much information is available on limited partnerships?

If a person and his wife are sole owners of this conglomerate.

Why do you need limited partnerships in your business structure?

Except to shelter investors.

From what I understand its the same thing as a Ltd company in Canada.

[jamesb]

There seems to be a sense by some of happiness that this is happening. I don't, I don't have any reason to too. I guess if a another farmer had bought land that I wanted I would have been unhappy. Some seem to feel threatened by this type of operation compared to how they themselves did things. Like most people I couldn't understand how "they" could do it. Turns out they couldn't, maybe if prices stayed up longer, and other things came into play. The question I would like an answer to is, who is going to farm this land? Even just speaking about the land that was for sale recently? As farms have got bigger and bigger the challenge is to find another big operation to buy them. I think it is going to take some doing. I think if someone can create the right plan to break up the large tracts it would be easier to sell to multiple farms that have the interest in adding a bankable amount of land. We have seen this before as there was quite a few large farms from the late 1800's to the early 1930,s that disappeared very quickly. For me I still feel that farms that are mostly operated by family and maybe a handful of employees will be the once to survive. I see so many outfits trying to find help every year that is never ending.

[shtferbrains]

"the challenge is to find another big operation to buy them."

What is Bank policy going to be?
Their whole farm lending has recently been based on lending against whole farm equity?
Who will they finance to buy those huge tracts if it has possibly been proven it doesn't work in todays economy?
Can the next large farm down the line cash flow it any better?

They will want to avoid snowballing this.
Have to protect the image and their own values. Not spook the market?

[LEP]

Every farmer has been affected by the aggressive nature of BTOs whether you farm beside them or not.

Supply and demand sets prices. Easy credit and excess demand has created incredible land inflation, which in turn has fed the ability and demand for expansion.

It doesn't matter if you are not interested in growing beyond your current size of operation, if you rent land, buy inputs, buy equipment, or employ people you are affected by the the inflation created by the excess demand. imo.

[agstar77]

No seed from Monette.

[SmallTimeOperator]

That list of unsecured creditors is pretty crazy. I was on a list like that once when a grain buyer went down, and I never received not one penny.

The staff from the secured creditors who lent out that money and approved the loans all need to be fired immediately. We all said right from the beginning that this massive farm will never work. Too many chiefs all collecting a fat paycheque and too many indians on the payroll. But all these bankers bought in on the dream and allowed this to happen. Fire them all.

And why did the bankers buy in on this dream? Because it’s easier to lend big money to a huge operation than to lend small money to 50 small farmers. An ex-banker turned consultant told me this. They also said that the lenders will let mega farms get way farther extended before they call their loans because it’s more work to take them down and they have a lot more “invested” in the mega operation. So they will let them keep operating longer against poor financial ratios than they would ever let the little guys operate at. So they will call loans on the little guys much sooner. We are now all affected by inflated rent and land prices all across the prairies because of this, the bankers being enablers.

I do not feel sorry for all the landlords who are going to get stiffed. They enabled this just like the bankers did, by driving up the rent and favouring the huge farm. Congratulations landlords. Take it on the chin and be proud. I hope you too are forced to sell. Next time rent to the local guy right next door rather than the mega farm from a hundred miles away.

Shame on the enablers! The greedy landlords and the bankers caused this to happen.

I do feel very sorry for all the honest tradesmen and businesses on that unsecured creditors list. Most of them are just going about their work trying to make an honest living. They will not see hardly a penny, and for some of them this will cause major problems for their businesses.

I think it’s time to revamp our bankruptcy laws. The unsecured creditors should all get paid first, except for the landlords. Then the enablers, the secured creditors and landlords, should have to fight like vultures for what is left over.