Notice to Creditors

[hobbyfrmr]

Everybody loves a winner. It's human nature. Really, do you want some schmo dressed like a scarecrow with one 15 year old outfit running over your land,for 10 days or 3 new Deere Hawks doing it all in 2 days?
I always found mr. Pikes presentations pretty sharp with SCIC, agstability and how to cover risk.
There will be a few disappointed retailers and machinery suppliers, but I'm pretty sure when it comes to real cash in the bank, the Pike family will be fine.
The bioard should have chosen to blend/deliver junk durum, taken the loss, collected crop insurance and Agstability.
Over winter they could work at qualifying for input capital streaming finance. Put the entire farm to canola baaaaaaby ! All the cool kids are doing it.

[malleefarmer]

www.ppsr.gov.au

I have my grain listed

[mbratrud]

I'm sure the rest of the story will emerge. Whether they just succumb to adverse conditions, or a few milked the system and walk away happy. Maybe simply a retooling and they will be back.

It's obvious though the more arms length a farming operation gets the less profitable it becomes. The core of any farm IMHO really has to have their heart in it. It's a tough business.

It's the one thing that cannot be replicated and multiplied as any farm grows to massive proportions, the passion and dedication to the farm by the players involved.

For farms to survive they need people that will work erratic hours be innovative and have the ability to problem solve at every level. The further you get from a key core (family/ owner operator) the less heart is in it.

Interesting times

[Hopperbin]

Were they doing input business with one supplier? Just thinking could be some risk purchasing pre buys from their Input supplier.

[dave4441]

I don't think this is about a durum contract although may have been a final straw. They we're bleeding cash and losing money from day 1. I think they just kept spinning this thing for more and more investment and was basically a short Ponzi scheme. Gary was so excited to be the biggest this hemp grower in the Americas or the biggest chickpea grower and he thought that gave him market power. His thoughts are actually laughable and his ability to manage risk looks to be zippo apparently. I doubt he comes out of this one as a farm operator.

Who in their right kind has the operational capacity to farm 200,000 acres but actually only farms 65000. It's just stupid.

[sumdumguy]

He needed a grain dryer or two.

[furrowtickler]

well he lasted one year longer than Sprott - and Sprot actually had real money to back his circus up.

[dave4441]

Big difference. This guy will have left a trail of damage to other people, Sprout, to my knowledge, just wrapped his operations up.

[Oliver88]

http://www.realagriculture.com/wp-content/uploads/2014/11/broadacre-006_111014.pdf

Broadacre might not receive Christmas cards from the list below.

Vendor Name
101156541 Saskatchewan Ltd
Acklands Grainger Inc.
Agriculture Financial Servicese Corporation AgriStability: Agriculture and Agr-Food Canada Albert and Patsy Ernst
Allan Sikorski
Anthony Davis
Aramark Refreshment Services
Barry Sawchuck
Berritto Enterprises
Britec Computer Systems Ltd
Byrdene Bailey
Can West Propane Service
Canada Revenue Agency
CEDA Specialty Services
Cervus Equipment Peterbilt
Chris Friesen
Clearview Agro Ltd.
Daniel Allen
Danny Dhesi
De Lage Landen Financial Services Canada Inc Dean Stewart
Diamond Co-operative Association
Don Kreway
Ernest Wigmore
Ernie Wigmore
Etter Seed & Processing
Farm Credit Canada
Fireball Express Courier
Flaman Sales Ltd
Geoffrey & Vicki Gold
Geoffrey Gold
Geosys
Graham’s Tire Service
Grain Bags Canada
Green Earth Investments Inc.
GuanaCay Capital
Hal Goltz
Hardin Investments Ltd.
Harvey Schwartz
Hemp Genetics International Inc.
His Will Foundation
Holger DeFreese
Huertas Group Ltd.
Industrial Scale
Itel Networks
Ituna Regional District
Jason Brauth
Jeff Bahl
Jim Peplinski Leasing
Jim Sikorsky
Jon Weber
Eliza Srebnick
Jonathan Lewinsohn
Keith Colhoun
Kent and Janelle Quigley
Kevin Ulrich
Kirk Hantelman
KJ Grain Ltd.
Klempp Plumbing and Heating
Kostal Ag Consulting
Leon
Verna Kreway
Loon Creek Co-operative Association
Loraas Disposal
Lowdermilk Transport
Maxcrop Landing Ltd
McComb Automotive
MacDougal Acres
Method Exists
Nelson Motors
Nimbus Water Shops
Norm Colhoun
Orkin Canada
Pasqua Farms
Pattison Liquid Systems
Paulette Hawkins
Peter Darbee
Pioneer Hi-Bred Limited
Pitney Bowes
Power Rich Corporation
Prarie Mobile
Quality Tire
Rack Petroleum
RBC
Regens Disposal
Richard Bui
Riverbend Co-operative
RM of Abernethy
RM of Cymri
RM of Mcleod
RM of Sherwood
RM of Souris Valley
RM of Waverley
RM of Wood River
Robert Andjelic c/o Harry Sheppard Robert Moulding
Robertson Stromberg
Rocky Mountain Equipment
Ryan Fitzsimmons
Sask Energy
Sask Power
Saskatchewan Crop Insurance Scott Goodwin
Sean Meeker
Sherwood Co-operative
Sherwood Forest Country Club Ltd. Shred It International
Southern Plains Co-operative Southland's Co-operative
Super Poly Ltd.
T&J Tanner Farms Inc.
Thunder Ridge Farm Partnership Tozak Land and Cattle
Trent's Tire
Viterra Financial
Wayne Emmons
Wigmore Crop Production Woodrow Co-operative
Xerox Canada Ltd

[TSIPP]

wow thats a long list, lost count after one hundred. guess being an sto aint so bad.

[hobbyfrmr]

Maybe you guys have heard this tongue in cheek phrase thrown around in different situations,

46 million? That's **** all for a big outfit!!!

[wmoebis]

Funny don't see agrium, CPS or Monsanto on the list.