Interesting situation in my area. A father and two sons sold land near Olds, and moved up here, bought a small feedlot and three quarters of land. They then started buying up every piece of farmable land that came up for sale, plus dished out over $350,000 for a huge silage harvester.
Now they are extremely overextended financially and have applied to subdivide a few acreages off one of their quarters. I highly doubt that selling those acreages is going to get them back in the black but I guess they felt the roll of the dice was worth it.
Now they are extremely overextended financially and have applied to subdivide a few acreages off one of their quarters. I highly doubt that selling those acreages is going to get them back in the black but I guess they felt the roll of the dice was worth it.
Comment