Was it bound to happen?

[ajl]

One of the major problems here is how much
this goofball and his lenders have raised
the cost of production for his more
sensible neighbors? Land rents and input
costs higher that they otherwise would be.
I hope to see this operation and many
others on the auction block in the near
future. I was hoping to see Wigmore on the
block as well but so far they have avoided
that by finding more gullible investors.

[freewheat]

ajl, is Wigmore in deep? I only ask cuz I
have some relatives who think wigmore is
"the ONE".

[agstar77]

When you think you know it all, you find you know nothing.

[phoenix64]

this fiasco happened because banks and investors are making next to nothing on cash interest.. wd-9 everytime you make a deposit in savings you are letting your banker lend on your behalf to make money on your money. Banks and investors right now think that ag is a cash cow and they will jump at the chance to lend to anyone that looks like they can pull it off. This will continue as long as interest rates remain low and we enable them, so don't sit there and whine about it when it happens, instead get involved in your local credit union boards etc and watch where your money is getting lent to.

[Kodiak]

<a href="http://m.theglobeandmail.com/news/national/time-to-lead/new-business-model-grows-family-farm-into-global-player/article1315212/?service=mobile">
news article</a>

[freewheat]

Blame the banks? lol How about the dude
who faked it all? Probably lied to the
banks. Actually, he MUST have lied.

[freewheat]

Blame the banks? lol How about the dude
who faked it all? Probably lied to the
banks. Actually, he MUST have lied.

[freewheat]

Blame the banks? lol How about the dude
who faked it all? Probably lied to the
banks. Actually, he MUST have lied.

[freewheat]

Blame the banks? lol How about the dude
who faked it all? Probably lied to the
banks. Actually, he MUST have lied.

[freewheat]

Kodiak. Looks like it is only a matter of
time for Wigmore farms. lol