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Friday Crop report third week April

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  • bucket
    Senior Member
    • Jan 2008
    • 17030

    #11
    I have a bad feeling he will come out of this looking like a rose, while the average guy that can use a combine, tractor or sprayer for more than 250 hours will have his financial records gone over with a fine tooth comb.

    While it may be hard to believe , I remember the last time this happened on a smaller scale , and those same type of guys are doing quite well after getting their debts written down on land and equipment that was one tenth the price of today.

    There are a lot of social media podcast types that had monette on their shows, maybe they should invite him on again to explain the issues.

    Using high input costs as an excuse - is the same for everyone.

    Monette was supposed to be insured for revenue - so what happened to revenue insurance coverage????

    Comment

    • shtferbrains
      Senior Member
      • Jun 2017
      • 5252

      #12
      Originally posted by farming101 View Post

      Putting it all on 7 is not a plan
      Maybe the short stack guy already?
      • Audited Financial Summaries: The FTI Consulting Monitor's Reports ([url]https://cfcanada.fticonsulting.com/MonetteFarms/motions.htm[/url]) typically include condensed financial performance data from previous years to explain the company's insolvency.
      • Fiscal Year 2025 Data: Filings show that approximately 55% of 2025 revenue came from grain farming, with the remainder from produce, cattle, and seed processing.
      • Debt History: Records indicate the company began defaulting on a $950 million secured credit facility in October 2024, with conditions worsening throughout 2025.
      • Asset Appraisals: A January 2026 property summary listed the group’s total asset value at over $1.05 billion CAD,

      Comment

      • sumdumguy
        Senior Member
        • Mar 2007
        • 11995

        #13
        Banks were greedy idiots when they went away from lending according to long-term profit calculators. You know who is going to bail them out.

        Comment

        • makar
          Senior Member
          • Jan 2007
          • 1693

          #14
          A week away from may 1st -8 forecast tonight foot of water in low spots [1/3 of my farm] no one here is positive.0 now flurries.
          Last edited by makar; Apr 23, 2026, 22:01.

          Comment

          • makar
            Senior Member
            • Jan 2007
            • 1693

            #16
            Or i could have a Alzheimer's moment and take advice from a agrominist.

            Comment

            • wheatking16
              Senior Member
              • Apr 2010
              • 563

              #17
              Originally posted by shtferbrains View Post

              Maybe the short stack guy already?
              • Audited Financial Summaries: The FTI Consulting Monitor's Reports ([url]https://cfcanada.fticonsulting.com/MonetteFarms/motions.htm[/url]) typically include condensed financial performance data from previous years to explain the company's insolvency.
              • Fiscal Year 2025 Data: Filings show that approximately 55% of 2025 revenue came from grain farming, with the remainder from produce, cattle, and seed processing.
              • Debt History: Records indicate the company began defaulting on a $950 million secured credit facility in October 2024, with conditions worsening throughout 2025.
              • Asset Appraisals: A January 2026 property summary listed the group’s total asset value at over $1.05 billion CAD,
              His LTV ratio is uncannily close to the numbers in my Margin Call article. The article displays how the math gets nasty in a hurry.

              Comment

              • fjlip
                Senior Member
                • Oct 2002
                • 9876

                #18
                6" more wet slop on top of water/ snow....and COLD all next week....it's line N of 16, just stuck in snow/colds for a month. Already was Above normal runoff ++ more now.

                Comment

                • blackpowder
                  Senior Member
                  • Feb 2010
                  • 9320

                  #20
                  Drainage ditches all broke this week, very little runoff.

                  Highways closed or may as well be today. Nasty wind.

                  Thinking Dad had drifts behind the drill twice on his Bday. May 14. So a ways to go yet lol.

                  Comment

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