Input capital slithering around the countryside

[bobofthenorth]

"Those guys" are now "these guys" .
Assinaboia Land Corp used to buy land from farmers and rent it back to them. There was a Sask young farmer of the year couple who won the award on this business model. I don't know exactly how it worked out.

Ultimately ALC sold the land it owned to the Ontario Teachers Pension Fund at the peak of the market. They have plenty of cash so they became Input Capital Corp. continuing their pursuit of redistribution of wealth.

You've kind of got the sequence but the names are wrong. The purchaser was CPP-IB which is Canada Pension Plan Investment Board. So if you have CPP you now own SK farmland. Input was in place well before the CPP sale. Years before.

[iceman]

You've kind of got the sequence but the names are wrong. The purchaser was CPP-IB which is Canada Pension Plan Investment Board. So if you have CPP you now own SK farmland. Input was in place well before the CPP sale. Years before.

Fun facts of the day

Gary pike was the one who came up with this business model. I think it lasted for 2 yrs but fold up shop. The story was the overhead ate up all the profits. I'm sure someone will come along here and make a fixed cost gary pike joke now.

I believe input was going or at least started before CPP bought ALC


Iceman Out

[furrowtickler]

Everyone is trying every angle to drain every last nickel from your pocket right now ..... take time to think a bit , don't loose the farm to these *** in low life loan sharks . If your in that position that you cant get credit from anywhere else just walk away before the SHTF with the loan sharks ., they will take er all.
Guys tripping over them selves here to pay $120 / ac or up to 1/3 crop share - just let er go and keep your dirt ... JMO

[Goodtime]

A farm in my area went tits up trying to maintain the new equipment lifestyle lately, you would think if you can't pay for several Quad tracks before needing Input Cap help you would be smart enough to down grade instead of losing land. Hard to
blame Input Cap for others stupidity.

[SASKFARMER3]

We had a dealing with them when they took over a farm beside me. They hired a custom guy who harvested some of my crop. What a useless bunch of C#$Ts. is all i can say. Local first nations also got screwed on rent. Funny their Office is also the same place as land company and on their board of directors is every ones favourite Accounting firm and a regina law firm.

Borrow, manage, transfer land gone. Really simple system, do it again.

[farmaholic]

Why wouldn't the people signing the contracts just walk away from farming with dignity before signing on and risk losing the land to this group?

I hope there is a special kind of Karma for the people "preying" on the unfortunate! Some of the people needing this "service" could also be in a bad position because of no fault of their own. We don't control the weather.

[farmaholic]

[URL=http://s1.q4cdn.com/784243260/files/doc_presentations/2017/170413-April-2017-Corporate-Presentation-vF-To-Publish.pdf]1. Sale of recovered farmland. Closed the previously announced
conditional sale of 4,320 acres of farmland which had been received from
a farmer as a partial buydown of a streaming contract.[/URL]


Click the link to read the latest report/Corporate Presentation.

Lots of interesting information.

[farming101]

I'd rather be poor.....

[bgmb]

heard they owe some farmers big money on the deal where they market your canola for you. this is not the deal where you get a big up fromt payment but the one where the supposedly use their expertise to get you a higher price for canola. lol yeah i bet! some of the better grain companies wont even deal with them anymore.

[LEP]

Yes Farmaholic I saw that too. There are several interesting tidbits in the financials; they have made a huge increase in the allowance for doubtful accounts for the latest period and they also point out the risk that a 1% increase or decrease in the value of canola affects the value of the company by 1.1 million.

While they brag about marketing in the top 20% of the price over time their average price for 2016 is $470. I look pretty good compared to that.