Was it bound to happen?

[freewheat]

He did not start with nothing. He started
with his daddys farm. That is not
nothing...

[wmoebis]

Take it easy!

These types of guys become our next Agriculture Ministers. Telling us what is good for us.

[phoenix64]

well tuff titty for him and his daddy! at least he had skin in the game and proves he initially had enough equity to get the whole sham started, my confidence is restored in the lending system

[johnsmith]

Chill WD. Larry no need to justify, your readers
are ok with what you stand for. Remember we
the customer knows best. I think its about the
hole you dig, so I was taught, so the big or small
guy that go belly up because of hole depth who
cares it is their choice. Sitting in PV right at the
moment so take note have a cold one and chill.

[hobbyfrmr]

Phoenix, I am starting to see it your way
somewhat. The guy did have enough moxie to get
stuff built and function for a decent amount of
time. The problem is, he is going to leave a lot of
financial stress on his employees and suppliers
and banks at a very bad time.
The good news is, it looks like his infrastructure is
built and functioning. In true capitalist america, a
more financially sound company can step in and
buy it for sixty cents on the dollar . I have a good
friend in the US that works for one of the big 8. I
have sent him the clip. They may be shopping for
a good elevation system in a strategic location like
Decatur.

[hobbyfrmr]

Kodak,
That was a good article. Sounds like business as
usual at Wigmore. If I read it correctly, Menzies
says they are turning away large volume
purchase orders. I interpret that as opportunity. All
they have to do is take on more land to supply the
demand.

[Kodiak]

That article was from 2010. To get a more up to date picture, this is from the Western Producer in September 2012.

<a href="http://www.producer.com/2012/09/farm-consolidations-mega-farms-a-growing-trend%e2%80%a9/#comments">Wigmore and Broadacre</a>

[wd9]

Mr Menzies was apparently a borrowing
savant in 2010 when he said "financing
is an issue". He already knew he was up
shit creek then.

From sask:

Nomination Criteria

The nominee must be responsible for a
majority of management decisions in
operating the farm and must derive a
minimum of two-thirds of gross revenue
from the farming operation.

Nominees must not have reached the age
of 40 as of January 1 in the year of the
competition.

Judging is based on:

Progress in agricultural career
Environmental stewardship
Production history
Financial and management practices
Contributions to the well being of the
community, province and nation
Financial progress

[wd9]

The 2012 Nominees are:

Sue Echlin and Vance Lester
Jason Dearborn


Sue Echlin and Vance Lester

Sue Echlin and Vance Lester’s passion
for agriculture comes in many different
flavours – rhubarb, raspberry and haskap
to name a few. Sue and Vance are co-
proprietors of one of Saskatchewan’s
newest treasures - Living Sky Winery.
Located near Perdue, the prairie couple
take the fruits grown on their farm and
turn them into award winning wines.
Inspiration came from a trip to British
Columbia, coupled with a can-do attitude
and tonnes of creativity, Sue and Vance
have created products designed for many
palates. Dedicated to quality and local
ingredients, Living Sky Winery is
operated under the philosophy of
community enhancement and life
enjoyment. www.livingskywinery.com

Jason Dearborn

Jason Dearborn is a 5th generation
Saskatchewan farmer operating his
agribusiness in 21st century style.
Despite a rich heritage in traditional
grain farming, Jason sees value in
looking at new models for Saskatchewan
farms. He has successfully experimented
with pulse crops, spice crops, a brewing
company and most recently initiated a
new management structure for Canadian
farmers. Jason is the Chief
Agricultural Operations Manager for
MaxCrop Farm Ltd, a professional
farmland management firm located in
Regina. His interests and experiences
range from international farm equipment
sales to agriculture software to
theology and provincial politics. Jason
served as Saskatchewan Member of the
Legislative Assembly for two terms in
the Kindersley riding. www.maxcrop.ca

[westsider]

my request is that broadacre goes public so i can get my hands on their financials. this farm like oneearth like the rest cant make it. i dont know how? can someone please come on here and explain to me how it is possible

none of these companies have made money the last 3 years and if you cant make money then when can you? ie)milking goverment programs and taking money out of them from farmers who have paid into them for the last eon does not count!

[farmaholic]

I see your point WD9 -- regarding the
many unsung heroes of the industry. Why
just the huge movers and shakers get the
limelight is beyond me. Some people who
manage to farm only 2500 acres with
little help are doing as much if not
more work and management than a 10000
acre farm with 4 people doing the work.
Sometimes less is more!!! Let them
knock themselves out but I've never been
one to deny anyone their success. To
each their own.

[wd9]

Westsider, the individuals make money.
They get paid. The company goes bankrupt
leaving the rest, neighbours, inputs
company, machinery dealers etc holding the
bag.

The individuals go on to screw over others
in their next 'venture'. Occasionally they
may 'make it' and voila, they are then
touted as the model to follow.

[carebear300]

One of the most successful businesss men I know gave me some advice years ago. He said boy you have to go broke at least twice to be able to really succeed, it takes that long to find out how the system really works. Never had enough balls to actually follow through on his advice so likely will never be near as successful.

[Kodiak]

Hey WD9 - you wouldn't be talking about Mayo Schmidt and Sask Wheat Pool would you??? First thing that popped into my mind with your last word above!

[freewheat]

These clowns may not have a second
chance to screw around. Looks like they
are denying access to passwords etc.,
hiding assets, laundering money between
companies. The plot just gets thicker
and thicker!
Apparently they were not even farming as
much as they bragged that they were. Go
over to Ag talk, they have the actual
court records on there, and what has
been transpiring in this case.

The Stomps appear to be as crooked as
they come. Top producers to be looked up
to and model farmers indeed.

Interesting case.