Broad Acre bought all the Bernauer land, Leroy and Foam Lake. All the equipment is in the Leroy sale as it was their home base per say.
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What are your guy's opinion on why so many huge
outfits are quitting?
Finanacial problems?just sick of it?just cashing in?
Or maybe all of the above?
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Lots of JD equipment...I wonder if this means anything haha. Meiers were farming around 17000 ac quite a while ago in a partnership but that didn't last. They were down to quite a few less acres than that.
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Classic Casea Big Guys get Bigger, Small Guys get Smaller, Way She Goes. Why theys quittin, SIMPLE, When yous got guys like Jack Fish Gary payin $1800 an acre fer Saskie Land, Makes The Decision Mighty, Mighty Easy, Sell er' All, Bubble gon go POP. Petgreg should know, Did a buncha Custom Thrashin with his 2 8120's fer Ole' Jack Fish Gary last fall, ****in Sellout............
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I have no problem with companies like Broadacre. The opportunities were ripe for them. I just know that when the going gets real rough the top people will have made good money, the company will be gone or sold, and the dirt will still be there.
Or does anyone see the possibility of 10 Broadacres producing %80 of the grain in western Canada? It's quite possible.
But people like PMG etc. aren't ever going to make big sacrifices. Sooner or later the investor, whether owner/op farmer or bay street has to accept a big hit to carry on.
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