Is Monette Farms like Bernie Madoff?

[AlbertaFarmer5]

The big problem with Monette and this type of activity is that is raises the cost of production and diminishes opportunity for the rest of us who are trying to make wise decisions. The biggest faker wins until the whole operation goes down.

That is my concern as well.
We think we are competing against each other, but our competition in South America and FSU is the elephant in the room.
I think we can be very competitive if we can keep government out of the way, but if we have outside entities artificially forcing up land costs, both purchase and rent, and averaged across all acres, it drives up our cost of production unnecessarily, then we can't compete on the world stage.

If this turns out to be unsustainable, or if it is outside investment and eventually the investors lose interest, and they eventually fail, then the legacy costs this added to the remaining producers will take years and decades to work through the system. Keeping our COP higher than it should otherwise be.

The other option is that these operations are that much more efficient, or know more about the future than we do, and their investments will pay off, while we sit on the sidelines scratching our heads and complaining.

[foragefarmer]

Imagine that , someone who wants to discuss an important issue for many of us and not being condescending or ignorant to posters on here . And responses are quick and respectful.

Easy big guy, no problem here, just saying it took a while till Justme18 admitted like a man who he was after Bigwheels asked.

I was gald he came to visit the dome of knowledge and hope he comes back. This site needs new blood after years and years of regurgitation

Never been a problem of mine who posts on Agriville the more the better, just looking at things from a different angle then you do.

We all don't farm the same, right?

[bucket]

All I know is the CEO, president , CFO on this farm sits in the cab of machinery and earns very little. Just saying

[fjlip]

Same here, plus accountant, treasurer, old style mechanic and gopher for the young tech!

[furrowtickler]

All I know is the CEO, president , CFO on this farm sits in the cab of machinery and earns very little. Just saying

Unfortunately that’s because most of us do exactly that .
maybe our downfall taking pride in what we do ?

[furrowtickler]

Easy big guy, no problem here, just saying it took a while till Justme18 admitted like a man who he was after Bigwheels asked.

I was gald he came to visit the dome of knowledge and hope he comes back. This site needs new blood after years and years of regurgitation

Never been a problem of mine who posts on Agriville the more the better, just looking at things from a different angle then you do.

We all don't farm the same, right?

Yup
The only thing that burns me are those who falsely pose themselves as farmers , and only purpose is to try to come on here and shame . Thankfully most of them get called out and leave
can’t stand condescending people who have never stepped in our shoes let alone wore then for years

[jamesb]

I know a pretty good farmer that seems to feel threatened by farms that do things differently than them. When I look at the history of great plains agriculture, there have been times when very big operations existed. Almost all of them evolved into something different or disappear outright. I try to keep focused on our own numbers and business plan and not look over the fence too much. This may be 1982 all over again and when the numbers don't add up will the big guys accept sub par profits for several years or will investors force change ? At the end of the day there are many ways to keep the lights on and the farm moving forward. The best buying opportunities came when things look the poorest.

[bobofthenorth]

Small minds. I haven't seen Monette's operation up close for maybe 10 years now but when I did see it he grew crops. He paid attention to the details and absolutely wasn't afraid of work. The last time I talked to Darrel he was hanging the bag on the bagger for one of his harvest "pods". The one time I talked to Ponch he was running the sc****r (this forum software is so effing stupid - I can't believe it edited that word) to get ready for one of the bin yard expansions. The difference from Pike/One Earth/et al is owner involvement and work ethic. Maybe it will all blow up one day but maybe some of those of you who are so jealous of Monette will blow up one day too. MYOB.

[countryguy]

Small minds. I haven't seen Monette's operation up close for maybe 10 years now but when I did see it he grew crops. He paid attention to the details and absolutely wasn't afraid of work. The last time I talked to Darrel he was hanging the bag on the bagger for one of his harvest "pods". The one time I talked to Ponch he was running the sc****r (this forum software is so effing stupid - I can't believe it edited that word) to get ready for one of the bin yard expansions. The difference from Pike/One Earth/et al is owner involvement and work ethic. Maybe it will all blow up one day but maybe some of those of you who are so jealous of Monette will blow up one day too. MYOB.

If you think they are legit I challenge you to go do exactly what they are doing. Let us know how it workd out for you. Small minds. LMAO

[ajl]

If you think they are legit I challenge you to go do exactly what they are doing. Let us know how it workd out for you. Small minds. LMAO

The broader issue here is how much has laundered money increased the cost of production for small and medium sized enterprises? The other major problem is that gubmint sponsored inflation continuously bailing out mal investment has also lead to an increased cost base which is untenable in the competitive environment we now face. People getting poorer can't sustain high land values. Heard yesterday about the high price of beef pricing many people out of that market.

[the big wheel]

I d like to know if it is true that farms of this size basically submit their claim info and
the claims are completed basically on line no adjusters no accountability. Its been stated by more than one crop insurance employee these size farms there is no way to audit
or verify anything. And is it also true that this is where 90% of the agristability payouts go? Not saying anything improper is going on here but that certainly would be a piss off
to all of us getting nothing out of agristability in any years good or bad and these guys
sustained because of the incompetance and of course possible corruption within the program itself if the rumours are true .

[Herc]

Nothing saves you more money than a good accountant….