Less Competition

[AlbertaFarmer5]

And holding land inside a corp is a new twist. Much easier to pay higher interest rates.

Can you explain that please? Interest is it write off either way, in or out of the corporation.

[oldjim]

https://monettefarms.orderpromos.com/

[furrowtickler]

Except they have close to 200k acres now.

Its just an ownership gambit. Western land are the last asset out there. Look at Bill gates. They just want to own it, they could care less if it ever pays for itself. Use fake fiat to buy real things.

We should be taking note. Next time rates are in the 2% range should be loading the coffers.

And holding land inside a corp is a new twist. Much easier to pay higher interest rates.

he be close to 280,000 or more now
Heard 25 year lease , bought the home yard of Raptor Enterprises .
They have known each other since University

[furrowtickler]

But did he buyout raptor enterprises? Coffee shop says long term lease.

Sounds like long term lease

[Taiga]

Bought a BC cattle ranch operation for $68M last fall.

[WiltonRanch]

Bought a BC cattle ranch operation for $68M last fall.

Heard a winery in BC as well. Cattle ranch in bc hmmm that’s like getting the clap and trying to give it to someone. Know guys who sold out and bought ranches in different parts of bc one being the Gang even. Can’t get rid of them and wish they never did. Only thing is wait till you find another sucker.

[zeefarmer]

Except they have close to 200k acres now.

200k is so 2019. With the North Battleford acquisition, they're at 340k for 2023 right now

[Guest]

That’s what I thought

[jamesb]

You have to hand it to Monnette’s pulling off the mega farm this long in this part of the world. Remember the one brother when he was still at case on combine to customer thing in Winnipeg. Likeable kind of guy but never would’ve thought he’d go all in like that. I’ve come to the conclusion and seen it around my area with oil guys too that it takes a special kind of person to take on these big risks and maintain them when they come to fruition. Props to Monnettes for figuring out how to keep it going.

I admit we don't have anybody like this real close to me so I haven't had to compete against an outfit like this for land. Eventually the cost of the land has to be paid for, a crop planted and taken off. Over the last 150 years there has been large operations out there both grain and cattle in the great plains in the US and Canada. Most of them don't last for various issues. I know of lots of guys that feel threatened by those farms cause maybe they think it they are competing with them but as others said a lot of these guys are taking a hell of a risk. I guess I feel slow and steady will finish the race. I am most concerned that I may not recognize an opportunity when it presents itself. Most of the best land purchases our farm has made over the past 25 years are when people thought the worst of farming.

[sk_wheatking]

200k is so 2019. With the North Battleford acquisition, they're at 340k for 2023 right now

I honestly believe there's less stress involved for these guys farming 340,000 acres than if they were farming 3,400.

[sumdumguy]

OMG, how do you keep track of 300 serial numbers? And the asses that sit in the seats?

[Goodtime]

OMG, how do you keep track of 300 serial numbers? And the asses that sit in the seats?

Also who makes sure they are lined up perfectly by the highway?