Area One Farms

[malleefarmer]

Remember on here a couple years back “one earth farms” what became of them or still going strong

[the big wheel]

Remember on here a couple years back “one earth farms” what became of them or still going strong

They re now in a different location
I think they renamed to Another Bankrupt Farm?

[blackpowder]

Didn't Gary Pike and Larry Ruud (one earth) go to university together?
I remember when they all started with Alberta Ag. Giving talks on how to survive in Ag. There was a third man but he was killed in an accident.
Then AB govt downsized, they went on their own with the same message. They all told me my days were numbered 25 years ago.

[SASKFARMER]

One earth is toast.

Plus Pike and crew Are gone.

Big splash and fizzled out to nothing.

[the big wheel]

They all left with their pockets full. Even though
They were complete failures at running a farm.

[helmsdale]

Latest development is that I am about to have a new hutterite colony as a neighbor...

Sounds like a split from a colony 1.5hrs NW of here is taking on everyting south of Hwy 9, short of two or three sections.

10,000 seeded acres, plus the main yard with feedlot, significant grain storage, cold storage sheds, shop, etc. all going as one package deal.

Those that were renting bins on the real estate have been told they have till March 1, and it all has to be gone as that's the possession date.

There are really only two types of buyers for these massive operations when they decide to cash it in. Hutterites, and other investment organizations. There is no way that STO's can possibly make a play on any of it, as the seller tends to want to do a "package deal".

BACKGROUND:

The g****vine has been running thick with rumor, but I tend to believe those individuals who are on conversational basis with the owner of said corporate operation.

There was a minimum of 3 outside investors orgaized through Area One Farms, tied up in this operation, and the operation ended up in court with one of those investors, the Ontario Teachers Federation, for breach of contract. Once you've been found in breach of contract with one investor, I would imagine your other investor relations have the option to walk.

From what I've heard, the ownership believed this entire "partnership" was a license to print money. The investors bought the majority of the land and then had YOU custom farm it for them. Custom rates for seeding, sprayin, harvesting, storage, transportation, etc. They honestly felt that there was no way that they could ever lose money on such an arrangement, and I would certainly be inclined to believe them.

Is there anywhere in western canada, where you can afford to get your ENTIRE operation custom farmed, and there still be anything left over for the owner?

I would imagine that the OTF had quite the legal team, and poured through every accounting entry to find evidence of breach of contract, so that they could get out of their 10 year obligation, liquidate the holding, and realizing the capital gain..


With margins decreasing, is this sort of shit finally going to come to an end? The unbridled enthusiasm that investors had towards farmland, especially in some of the more marginal areas of western canada has done the industry a great dis-service IMHO. It has been great for those looking for the exit door, but good god, it makes it entirely impossible for STO upstarts like myself to even begin to think of competing!

[LEP]

Unfortunately the increase of hutterite colonies is unstoppable. I think that is the exit strategy for the local bto that owns in excess of 90,000 acres.

The bto surrounds my operation. It isn't as big a deal for me as I am nearing the end of my career but my son has little hope.

[blackpowder]

Awful for your son. I hear you.
What's better, Hutts or Chinese?
In your situation, Hutts worse I guess.

[the big wheel]

Awful for your son. I hear you.
What's better, Hutts or Chinese?
In your situation, Hutts I guess.

Neither are good and you can thank Mr Wall and his band of flunkies that the inside track on foreign ownership laws being changed bought up land for next to nothing in today’s terms and flipped it after the laws were changed. Destroying many young farmers hopes of ever starting or continuing. Biggest insider trading scam ever but not many in the media understood the big picture of what was happenning a few scums benefitting themselves at the cost of an entire industry.

[Hamloc]

Latest development is that I am about to have a new hutterite colony as a neighbor...

Sounds like a split from a colony 1.5hrs NW of here is taking on everyting south of Hwy 9, short of two or three sections.

10,000 seeded acres, plus the main yard with feedlot, significant grain storage, cold storage sheds, shop, etc. all going as one package deal.

Those that were renting bins on the real estate have been told they have till March 1, and it all has to be gone as that's the possession date.

There are really only two types of buyers for these massive operations when they decide to cash it in. Hutterites, and other investment organizations. There is no way that STO's can possibly make a play on any of it, as the seller tends to want to do a "package deal".

BACKGROUND:

The g****vine has been running thick with rumor, but I tend to believe those individuals who are on conversational basis with the owner of said corporate operation.

There was a minimum of 3 outside investors orgaized through Area One Farms, tied up in this operation, and the operation ended up in court with one of those investors, the Ontario Teachers Federation, for breach of contract. Once you've been found in breach of contract with one investor, I would imagine your other investor relations have the option to walk.

From what I've heard, the ownership believed this entire "partnership" was a license to print money. The investors bought the majority of the land and then had YOU custom farm it for them. Custom rates for seeding, sprayin, harvesting, storage, transportation, etc. They honestly felt that there was no way that they could ever lose money on such an arrangement, and I would certainly be inclined to believe them.

Is there anywhere in western canada, where you can afford to get your ENTIRE operation custom farmed, and there still be anything left over for the owner?

I would imagine that the OTF had quite the legal team, and poured through every accounting entry to find evidence of breach of contract, so that they could get out of their 10 year obligation, liquidate the holding, and realizing the capital gain..


With margins decreasing, is this sort of shit finally going to come to an end? The unbridled enthusiasm that investors had towards farmland, especially in some of the more marginal areas of western canada has done the industry a great dis-service IMHO. It has been great for those looking for the exit door, but good god, it makes it entirely impossible for STO upstarts like myself to even begin to think of competing!

Helmsdale, in the Western Producer article the claim is that you build a separate entity with Area One Farms which protects the original farm. In this particular case did the original farm survive or is it being sold as well?

[blackpowder]

When one house on the street is kept at $100, and the others through supply and demand, go to 1 & $2000, it's only a matter of time.
If insider knowledge bought up your whole RM, that's criminal.

[the big wheel]

When one house on the street is kept at $100, and the others through supply and demand, go to 1 & $2000, it's only a matter of time.
If insider knowledge bought up your whole RM, that's criminal.

Agcapital bought up more than one rm prior to the announcement of foreign money allowed