Another BTO bites the dust

[farmaholic]

Back in 03-04 when the local BTO of the day(defined by what was considered a large farm for here at the time) hit the wall....all the land got bought up at the auction sale....and probably "averaged" close to what he paid for it. And all the land they rented found new tenants too.* I can't help but to wonder what would happen this time. We are at a dramatically different price level now compared to then. Most family farms here are reluctant to buy at the current prices, even though they may sound cheap to some people from other areas.

Recently, I said to one guy..."Do you want me put my money where my mouth is? Or will I get a chance to put my money where my mouth is?" No reply.

[farmaholic]

When the BTO goes bust, does it really matter as long as there's more feathers in their nests than when they started? Isn't that what businesses are supposed to do, make the manager's, directors and principals money? Is it a "personal" failure to pack it in if the venture fails, yet provided the upper echelon with more feathers in their nests when they quit?

[hobbyfrmr]

When the BTO goes bust, does it really matter as long as there's more feathers in their nests than when they started? Isn't that what businesses are supposed to do, make the manager's, directors and principals money? Is it a "personal" failure to pack it in if the venture fails, yet provided the upper echelon with more feathers in their nests when they quit?

Agreed.
"The farm" venture failed but those guys have a pile of cash squirreled away. Its just business.

[fjlip]

Heard this way, started with nothing so if end up with nothing, it was fun while it lasted.

[MBgrower]

just goes to show you, that the 'average' farm is likely to be wealthier than the local BTO.

[SASKFARMER3]

Yep Joe Average is doing just fine.

[sumdumguy]

It begs the question, "Where is the point of diminishing returns?" Ultimately the responsibility of managing falls on one main person - Top Dog or Field Boss. How thin can one Dog or Boss be stretched and still do a good job in timely fashion?