Big Sky Farms Inc. Crying Big Tears to Companies' Creditors Arrangement Act.

[parsley]

"While today's actions are difficult, they will, in the long term serve the varied interests of our many stakeholders, including our dedicated employees, by making the company healthier overall," says butter wouldn't melt in their mouth president and CEO Casey Smit in their news release,

Big Sky is head-officed near Humboldt & is bad news for Saskatchewan taxpayers, who have invested $30 million, owning 63 per cent, to only employ a mere 400 people.

CBC says, "Saskatchewan government officials confirmed to CBC News on Wednesday that the province's equity is now at risk."

No kidding.

[parsley]

<p></p>
<p class=" http://www.canada.com/saskatoonstarphoenix/news/business/story.html?id=d9e78be0-d4a4-441d-8c65-eb624d0ddc9f">(Stewart made a good decision)</a></strong></p>

[carebear300]

The sad part of this whole scenario is that after all the hype about efficiencies and new technology that these big super factory farms were supposed to employ, good old fashioned farmer logic finally prevailled, if because you are efficient you only lose half as much, you are not able to sustain viability indefinately. You must produce profit from production or there is no sense in going through the whole process. I hope that all the government agricultural economic experts that extolled this concept are all rewarded appropriately for their inmcompetence and are all terminated immediatelywith no severence or retirement benefits due to their incompetence. Not much chance of that happening though is there!!!!

[wilagro]

A comment in the Star Phoenix at the bottom of the bankruptcy article.

"I hate to say it, but maybe some of the small market pork producers will be able to make a living at it again. They pretty much drove everyone else out of business."

Very apt.

[parsley]

DR. W. Hartley Furtan, Professor of Agricultural Economics, at the University of Saskatchewan was listed as a Director of Big Sky Farms in an Annual Statement I read. Wonder what he comments about Big Sky now appealing to the court even though they have visited the taxpayer trough time and time again? He served as Deputy Minister of Saskatchewan Agriculture and Food 1993-95, and during that time, a lot of small hog producers were essentitailly run out of business so that a few accountants and lawyers could set up shop and show farmers how to really run the hog business...into the ground.

An NDP branded venture.

I have a question for all of you.

Big Sky Pork became Big Sky Farms, you know. And there have been debt write offs.

It Big Sky Farms becomes Big Sky Whatever III, do you think the same Promoter-President of any company be allowed to continue to get any tax dollars, from any government in Canada, if planning on reconditioning his payment responsibilities once again?

Should there be legislation barring reconditioned applications by debt-dumpers? Pars

[parsley]

Darrel Cunningham, NDP Sask MLA also served as a Big Sky Director.

I note this project was obviously NDP endorsed. I am speaking of ALL tax payer funded projects. Pars

[grefer]

I don't like these huge hog barns either,but who could make money at the prices that the producers receive.Are all the profits being bled off as in the cattle industry?What happened to good pork?Alot of the pork we buy in Sobeys' or wherever is terrible.The bacon is 90% fat and water and roasts that stink like hog barns when cooked.Just awful quality.

[cottonpicken]

Bacon really is hit and miss these days.

[Hopperbin]

At some point this is going to affect our feed grain prices big time. Perhaps should sell out the feed grains now.

[fjlip]

Bigger is better mentality gets a reality check right between the eyes. I thought the barns were wrong from day one. Yes most agree the pork is barely edible, marinated in liquid manure. And the smell! Holy Sh*t! We can get it 12 miles away. More empty white elephants in the country side.

[parsley]

Does anyone have non-sprayed feed barley or feed oats for US sale?

[GrainBeetle]

One Earth Farms stakeholders take notice.

[bucket]

Don't usually agree with you beetle but you have hit the nail on the head.

Add some of those other investment firms that overpaid for land when durum and wheat were high. Can't pay hundred thousand dollar salaries to these land managers for sitting on their duffs.

[ajl]

The hog industry: may it rest in peace. Pork production will be relocated to Brazil. The big problem comes in getting all of our grain out of here without domestic feed comsumption and the US market. Only so much rail capacity going west. As far as small pork producers: they were extinct a long time ago. Bottom line: expect lower prices for grains.

[agstar77]

Maybe the days of export markets are over and the Dairy and Poultry model will be extended to pork and beef. I don't see any bankruptcy in those models and fair prices to consumers. Time to stop subsidizing food production when consumers only spend 10 percent of their disposable income on food.