Some one Explain the Pike management Land shares!

[ALLFARMER]

5 guys here went together 5 years ago, went big
and hard fast. Seeded around 9000 first year last
year 14000 well last year one guy out this year 2
more out. One owner guy full time in the office 2
more owner farm workers on payroll plus one
non owner worker/mechanic, plus seasonal guys
and truckers. In my view the 4 year round
paychecks plus accountants ate up any potential
profits. Owners supplied machinery and were
paid near going custom rates. Also owners were
paid going rates for land rent.

[SASKFARMER3]

Where does one see how this share offering took
place.
And do they get there asses covered under
agrastability etc.

[SASKFARMER3]

Where does one see how this share offering took
place.
And do they get there asses covered under
agrastability etc.

[hobbyfrmr]

SF3, where were you and the other few neighbors
when it was time to write a cheque? The 37
quarter guy did not just wake up one morning and
decide to sell it all to Broadacre. Maybe the seller
did not realize how successful you and the other 2
neighbors are. You guys should have stopped in
and told him.

[SASKFARMER3]

Sorry hobby You maybe arent up to date
on the time line for this story.
Seller off on winter holiday. HAlf way
into it one of his renters lists farm
(10 Quarters) it sells to these guys
then by time he hits the ground in
Regina another renter sells 6 quarters
on him again. THen his top hired man
quits and then another. So basically if
you cant beat them then join them, he
sells.
Conclusion NO one was given a chance at
all just woke up and sold it.
Land is gone for 10 years or more till
this Ponzy scheme is done.

[SASKFARMER3]

Oh yea hobby the 37 quarter guy didnt own
all 37 some of his renters also bailed.

[hobbyfrmr]

Ok, the tennant farmer was on vacation and his
landlords sold their land while he was away.
Correct? He then had to decide whether to sell, or
downsize and farm what he owned. Now the
tennant farmer can do custom work for
Broadacre, or be their farm manager. Wiin win
tennant farmer makes money on land sale and
gets a salary for doing what he knows best!

[SASKFARMER3]

You just hit the nail on the head.
SERF, The tenant farmer now works for
Investors.
Hm did your relatives not come from a
country that had this oh lets say 100
years or so ago.
So you are happy when were all working
for these so called corporations.
Thats the point in all this.
The guy took his cash and is gone. Broad
acre is the dummy corp that is farming
for the investors.
Cant you connect the dots.

[hobbyfrmr]

I have connected the dots. The dot thats missing is you and the neighbors not buying that land, and hiring the guy to work for you. Ultimately, he made lemonade, got the results he wanted from Broadacre and not you/neighbors. If this does not fit your farm company's management style, then it does not matter. At this time, it matters for Broadacre.

[dave4441]

Funny how it takes 18 posts to get to reality. The guy is probaly happier then heck. Sold out at great prices and gets to farm on someone else's risk platform. Good for him.