Time to step up.

[rkaiser]

Awesome letter Kato.... I know that my email mailing list is going to get a copy and I hope that everyone else on this site sends it out to theirs as well.

[per]

I agree with Randy it is a good letter. I also came to the sad realization that I am not on the rkaiser email list. lol

[SASKFARMER3]

I feel sorry for the natives, this is a bad bad deal. Listening to the pathetic news conference their dreaming in technicolor. Their using some guys I know to do the custom seeding and harvesting. HA HA HA. They will be buying in June and July equipment. Farm progress should be fun. They cant tell us how many acres they really have, because they dont know. It went on and on. What a pathetic bunch. One note our reserve told these guys to take a flying leap. They said they have seen this before and have good renters in place. The one guy was out a few years ago trying to get leases for potash that's underground. And this BS about farmers paying 60 dollars an acre and farmers near buy trying to rent the land for 9.00. Yea Moose jaw land vs land that hasn't been seeded for 10 years (ITS THE SAME HA HA HA). They can buy in bulk and sell in bulk. HM some one is going to do the paper work for nothing. Yea that's a good one. Also on bulk buying 20.00 a ton on fert .40 cents an acre on glyphos. Their going to make huge money. Their accountants will tell them for a few years. Some one is selling some good BS with this and unfortunately some reserves bought in.

[Koldkanuck]

Reminds me of when they had a band farm in my area in the late 70's. This lasted a few years. They got money for cattle they were to buy. Well they supposedly bought 1,500 head, but no cattle anywhere. They were paper cows as we called them. Nice to get loans and grants on 1,500 head. Machinery was bought, but only a few people ran them. Wheels started falling off 4 wheel drives, motors started to blow up from lack of service, equipment got shot up, big wages were paid out to phantom workers and on and on. Yup they were gonna show everyone how to farm.

[SASKFARMER3]

The one reserve that pledged acres has very few acres that are actually seedable. The last one has the cultivated acres but the company didn't go into detail on how many were pledged. Something is very fishy with this new venture. He also said they would be profitable in 2009, HA HA HA HA, what about a frost like 2004, 2002, Yea were going to use the best genetics, nutrients etc. (basically give it every thing). Yea that should be a nice balance sheet. Then because their a start up farm they have to go with area average for Agra stability till they build up their own margins. Again accountants dont make good farmers. Because its not about basic revenue minus expenses. Again I am not against this venture but I see the native bands comming out of this hurt again.

[pilpilsner]

Did anybody catch the part where that white haired indian(name escapes me) said"we will be coming into much more land in the future"?

[furrowtickler]

First off, what are they going to do with a measly $27.5/ac. That will not even buy 1/3 the fert requirements for 1 million acres let alone fuel, chem, machinery, grain storage(they will basicaly have none), transportation, wages,repairs ect, ect,ect. They are taking big but I think they should learn to walk before they run, jmo.

[SASKFARMER3]

Some one hasn't done the math here and for once its the accountants that's numbers are not adding up.
Or is AG Canada, Native affairs, employment Canada or some other government arm funding this group under the table.

[parsley]

Fred Seimens was a recent MNP accountant and I read, is acting as the chief financial officer.

He was once with the WCE. He should be able to capably add,the receivables that begin to flow in from the various levels of government agencies you just listed.

As proven generous donors of your tax dollars, governments are always eager to submit timley payments, and new venturists are often more eager to record the direct deposit of your dollars.

Unless, of course,this farming project is created by dedicated volunteers assisting a have-not culture of our society. Pars

[agstar77]

You are joking , aren't you?

[dfarms11]

I've already passed this on to everyone I know. I just have one question. If there is ever a payout on this, how will it get distributed? Will it go to everyone who had cows in 2003? Or to guys who are in the industry now? Or will it have to be both? Anybody know?

[stubblejumper]

I would like to wish this entity good luck and to apologize for the bigotry in western Canada.