Is Monette Farms like Bernie Madoff?

[furrowtickler]

Be interesting to see what the end game for mega farms like this is .
Sell out as one big package ?
Parcel it out in the 30-40,000 farm units ?
if it keeps going who will take that over when he wants to cash out ?
in the meantime they definitely have an effect in every corner of the province now .

[WiltonRanch]

Yes these Chinese billionaires if they even lose a good chunk of the investment parking it here is better than leaving it at home.

[AlbertaFarmer5]

Is it worth pointing out that the thread next to this one asking why there have been no posts on this forum for days.

Apparently no one wants to discuss commodity marketing.
Yet when someone starts a thread speculating about BTOs, it gets a flurry of activity.

[AlbertaFarmer5]

If it is Chinese money. They really don't care about return on investment. They are simply trying to get their money out of the country, and into a hard asset. That is why so many of the properties in Vancouver and Toronto sit empty.
Over paying for farmland and getting no annual revenue is still far preferable to risking losing it all in China.

[blackpowder]

Some how it made sense to silage their canola crop rather than run their X9s over it. After breaking tame pasture that couldn't support 3 pairs per quarter.

Wow....

[bucket]

Some how it made sense to silage their canola crop rather than run their X9s over it. After breaking tame pasture that couldn't support 3 pairs per quarter.

[fjlip]

Unless LAUNDERING....all other investment still has to be profitable.

[Druther]

It's Big Ag...who's involved? Just a thought...big equipment company...big fertilizer company...big chemical company...big grain company and big bank...pretty good recipe if you have all the right ingredients...

[bucket]

Scott Moe was sitting their boardroom singing praises of their farming methods , that tells you something.

[WiltonRanch]

Doesn’t pass the smell test it seems. I don’t like engaging in shaudenfreude and would rather like to learn how people become successful. If I was jealous I’d be no better than a socialist. However, this situation boggles my mind how these guys have attained so much bought ground in such a short time. You’d think fcc and other lenders would be a bit hesitant to float another mega farm after the Pike fiasco without some deep pockets backing them. What little knowledge in my backyard, anyone who grew at this kind of rate did not last. The ultra big operations that exist took multiple generations, good management, and decent land in the mix.

In Europe namely the FSU there are large concerns owned by Western European firms which crop large tracts. I wonder with the Crimean invasion of 2014 if some of that money didn’t end up coming this way.