Fire sale on Nobbs

[Ache4Acres]

Anyone know the details on the Nobbs family farm in Bonanza,AB? Full line of equipment in Ritchie Bros in March. Almost all new equipment. 7500acres of land too at auction. Looks like a heck of a payday for them!

[BTO_farmalll]

Ya,

Said da Hell With It!!!!!! Aint wort da Headache!!!!!!! And Why Not Wit $30 Mill To Blow!!!!!!!

[Hamloc]

If you google Nobbs family farm it appears they went from seeding 1500 acres in 1997 to 20000 today. Also recognized as an Outstanding Northern Alberta family farm in 2015. Odd they are shutting down, lots of very nice equipment.

[farmaholic]

Was the honor the kiss of death someone else mentioned or are they cashing in their chips realizing who needs this headache? Why don't these behemoths last?

Can you imagine the size of dice these operations roll? It would have to wear thin after a while. Wouldn't you have to ask yourself, why?, sometimes?

[makar]

fluff and feathers.

[BTO_farmalll]

Cause They Did Their Thing, Made Their Cash, Now Gettin The Hell Out!!!!!


And Not If yer Cut From The Right Cloth it Aint, The Need and Hunger fer More is an Ever Growing Machine That Needs To Be Fed, If Ya aint First, Ya Last!!!!!!!


#WholeLottaMoneyThatMyBFF

[ajl]

Some of the combines have very low hrs on them. If there are payments on them you gotta turn the wheels. Many operations would be far better off growing more slowly.

[Partners]

People would be surprised what these large farms actually own themselves..
One comment around here was one large farmer doesn't own his own shorts..

[Ache4Acres]

Partners...don't they own it if it is at RB?

[makar]

Not if it isnt paid for.

[makar]

Friend took a tridrive winch tractor to ritchies, owed 1000000, got 70000, yea he owned it. Truck is gone the debt aint.

[BTO_farmalll]

Aches,

99% of The Time The Dealers Just Want The Crap Moved, They Dont Want it on The Books any Longer, and Most Likely Made Their Margins on The Payments in The Mean Time and Whatever is a Shortfall is Made Up by You and Me!!!!!!


makar,

Was That AlbertaFarmer????? Always Wondered How He Made Out Up There, Guess Things Didnt Work Out, Huh!!!!!!! Man That Guy Always Seemed To Miss The Boat on Everything, First The Cows, Sold Out Right Before The Historic Run Up in Prices, Then Got Into The Oil Biz bouta Year Before The Major Downturn!!!!!! Man, That Guy Just Cant Catch a Break Can He!!!!!!!!