Class action against Input Capital

[SASKFARMER3]

I am actually on Morris side on this one and that's coming from a guy who wasn't given some land because I just wasn't what they were looking for.

I now have the land.

this is about an Awful company that has one purpose to get your land. The math doesn't work and you get behind and they have everything.

[bucket]

But some pretty astute people here have said that INPUT is a scam....someone could have whispered to that farmer as such.

INPUT is a government backed scam ...look at the players and the money...both parties had their hands in developing this.

[furrowtickler]

I am actually on Morris side on this one and that's coming from a guy who wasn't given some land because I just wasn't what they were looking for.

I now have the land.

this is about an Awful company that has one purpose to get your land. The math doesn't work and you get behind and they have everything.

I have a question , was Feduk one of the first guys to start paying big rents in that area ? You know when rents doubled

[SASKFARMER3]

No mostly reserve land

[Agvocate]

39,000 acres, all the iron, storage, etc to go with it and you are worth 8 million?? How completely over leveraged are you already?

"chasing that one big year"
"I did't seek legal advice"

In reality, probably never even read the contract. If you're that stupid you deserve to lose everything. You know what you are getting into if you are borrowing from Input Capital, so the I screwed up, did none of my own due diligence, so now its everyone else's fault argument falls a little short.

The biggest slimeball in the whole story is Tony Merchant.

[SASKFARMER3]

No ag the biggest slime ball is input.

[Agvocate]

No ag the biggest slime ball is input.

Nobody is forcing you into a contract with them. They are a business designed to make money. I wouldn't touch them with a 10 foot pole for my operation but there is no reason they can't exist if there is a business case to be made for it. End of the day Feduk made a choice on how to manage his farm, and it appears he made a poor one. You have to take responsibility for your actions and your own empire not cry this poor me crap because you ran it into the ground. So who do you seek out? A dirt ball lawyer that see's an angle to drag a company's name through the mud, find others that are in the same situation as Feduk, and now any little bit they have left they pay to the lawyer.

[the big wheel]

Nobody is forcing you into a contract with them. They are a business designed to make money. I wouldn't touch them with a 10 foot pole for my operation but there is no reason they can't exist if there is a business case to be made for it. End of the day Feduk made a choice on how to manage his farm, and it appears he made a poor one. You have to take responsibility for your actions and your own empire not cry this poor me crap because you ran it into the ground. So who do you seek out? A dirt ball lawyer that see's an angle to drag a company's name through the mud, find others that are in the same situation as Feduk, and now any little bit they have left they pay to the lawyer.

You seem to be quite emotionally attached to this????

The lawyers for these guys are not really all that better as I see it.

There are proper business practices your customers should understand all the details clearly. I will grant that a lot I ve heard here say but always the same story from people not connected to each other makes things convincing.

There are laws about lending money and signing mortgages to go for old debts they weren't followed as I see it. In fact if you have to borrow from input I m quite certain many times it's all for old debt not new. You should not be held or forced to sign mortgages while being threatenned for foreclosure. Farm land security board must have approved all of this???
There are more villains than input in this story.

Of course each of the individuals has to bare some burden but those interest rates are ridiculous one. person said he got a sheet and it's all worked out to look like it's 9 % or something thereabouts. But that's based on you getting this big crop bigger than you'd normally grow simply because you have all these extra inputs you ll put in your canola.

The principal of this model is axtuallay a good one except the rates they charge are not proper.

John Gormley likes these guys????

[Sheepwheat]

Being the biggest , no matter the cost... poor guy had a year where he could only seed half. I had years where i seeded nothing. And with less than 5% of the acres he had. Was not easy, but I don’t have a lot of sympathy.

[Agvocate]

As for being emotionally attached, I am only in my frustration for the need to blame others for one's own decisions. Just the lack of taking any sort of responsibility for your own actions. I don't even reside in the same province or know any of those involved I just hate the need to paint everyone as the villain other that the poor guy who got "taken advantage of". If you are running a $20 million/year business whether its a farm, a hotel chain or a car dealership, as the person in charge you have a responsibility to know what you are doing when making decisions that affect your bottom line. I by no means think that Input is in the same sort of category as FCC. It is a totally different counter party and I get how they can appear to be shady. But if you decide to get into a deal with second or third tier lenders you should be pretty aware of the consequences of default. At the end of the day I have a real hard time feeling sorry for Mr. Feduk.