Area One Farms

[farmaholic]

Wiseguy,

Last year's math :

27×12=Yikes!

[SASKFARMER3]

Wiseguy in our area landlords are waking up and not letting guys put Canola on Canola on Canola. It is a way to call Richies and end your farming game. No one will pay big dollars to rent on land that Canola on Canola when the BTOs leave the building.

Input Capital is probably their main bank and they are done.

[SASKFARMER3]

wise guy more like

43 x 10.85 = 466.55

120 - 466.55 = 346.00. Costs are up there for seed Fert. and spray and fancy machinery.

Ah they are broke within three years. Follow the money.

[bucket]

Just curious ....anyone willing to admit they are in bed with this type of group?

Or maybe there is a secrecy clause?

[helmsdale]

There are a few on the website that speak of how wonderful they are. There are a few listed in the news articles that also speak of how wonderful they are. We'll see in a few years...

[hobbyfrmr]

I have heard of this outfit before. Do they have some sort of interesting angle that some of the others do not? Land across the road from our house is owned by Ceres Real estate holdings, which is a division of the US outfit by the same name. I believe they have the terminal at Northgate SK as well.

Im pretty sure Ceres flaked on Northgate terminal and Scoular Co. went solo on the project. This is not exact facts.

[farming101]

https://www.agcanada.com/daily/scoular-frozen-out-of-sask-grain-handling-plan https://www.agcanada.com/daily/scoular-frozen-out-of-sask-grain-handling-plan

http://www.world-grain.com/articles/news_home/World_Grain_News/2017/08/Trial_to_proceed_in_Scoular_la.aspx?ID=%7B11D68D95-7BDD-4EB2-83E4-96536747CBA6%7D&cck=1 http://www.world-grain.com/articles/news_home/World_Grain_News/2017/08/Trial_to_proceed_in_Scoular_la.aspx?ID=%7B11D68D95-7BDD-4EB2-83E4-96536747CBA6%7D&cck=1

[hobbyfrmr]

https://www.agcanada.com/daily/scoular-frozen-out-of-sask-grain-handling-plan https://www.agcanada.com/daily/scoular-frozen-out-of-sask-grain-handling-plan

http://www.world-grain.com/articles/news_home/World_Grain_News/2017/08/Trial_to_proceed_in_Scoular_la.aspx?ID=%7B11D68D95-7BDD-4EB2-83E4-96536747CBA6%7D&cck=1 http://www.world-grain.com/articles/news_home/World_Grain_News/2017/08/Trial_to_proceed_in_Scoular_la.aspx?ID=%7B11D68D95-7BDD-4EB2-83E4-96536747CBA6%7D&cck=1

I stand corrected.
Thank you for the facts 101!!

[farming101]

NP. I remembered something about a falling out between the two and dug up those news articles
Not anywhere near Northgate but understand the terminal there is doing alright

[Rareearth]

Is there usa grain going into that terminal?

[farming101]

I dunno. Doubt it. There is a Viterra/General Mills plant 2.5 mile S across the line

[helmsdale]

Good God if thing craters it's going to make the 80s look like a minor road bump.

It drives me to see all these latest schemes marketed as nearly risk free solutions to all our ills. Anonymous private equity investors in farmland... what could possibly go wrong?

You thought IC was driving your new local BTO? With as little as 10% down(word on the street) you can send all your neighbors on permanent vacation.

I shake my head. Perhaps I'm too cynical and can't see the benevolent "hand up" in this deal.

2-3 years is all it took. 19,000+ acres all up for sale. ALOT of it only held for 1 year, still more for 2, and the other stuff maybe 3-4 years.

They gobbled up land like it was going out of style. Broke renovated pasture. SPENT SPENT SPENT on infrastructure. 60x100 heated shop, 70-80x200? cold storage. ~500,000bu of shiny flat bottom storage, 100,000bu of galvanized hopper storage, ~3000mT of brand new epoxy lined fert storage.

Traded the 2 year old Claas combines on brand new JDs this year. LOTS of shiny JD paint.

A vastly expanded feedlot.

It can now all be yours!