racinfarmer Posted August 31, 2017 Share Posted August 31, 2017 I'm pretty impressed with the almost 150m number. Second very large farm bankruptcy this year, plus seen plenty of lender owned equipment auctions. Wonder how many more there will be. http://woodtv.com/2017/08/30/farming-giant-sued-for-150m-in-unpaid-bills/ Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted August 31, 2017 Platinum Contributing Member Share Posted August 31, 2017 Holy crap that's a big number....couldn't they have forecasted the drop in corn prices or is that just an excuse? Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted August 31, 2017 Author Share Posted August 31, 2017 5 minutes ago, Biggie Smails said: Holy crap that's a big number....couldn't they have forecasted the drop in corn prices or is that just an excuse? Just an excuse. In the long term, you just can't farm like they were. Lots of new equipment and buildings, high rent on long term contracts, etc. Quote Link to comment Share on other sites More sharing options...
Glenn in Caledon Posted September 1, 2017 Share Posted September 1, 2017 21 hours ago, racinfarmer said: Just an excuse. In the long term, you just can't farm like they were. Lots of new equipment and buildings, high rent on long term contracts, etc. They bought out a farm of 40000 acres that went bust during 7$ corn. Rumour has it they have 3 businesses and 2 of them are flush. Those 48 row planters though Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted September 1, 2017 Author Share Posted September 1, 2017 2 hours ago, Glenn in Caledon said: They bought out a farm of 40000 acres that went bust during 7$ corn. Rumour has it they have 3 businesses and 2 of them are flush. Those 48 row planters though Not sure if it is the same operation, but I have heard one who is somehow tied into some very wealthy family by marriage the area. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.