Is Monette Farms like Bernie Madoff?

[wrongway]

I was thinking more along the line of selling a class of shares representing certain assets. That way you could sell those shares(assets) and still say you 100% of your company.
Any corporate lawyers or corporate accountants in the crowd?

you can do it... the only problem is who the heck is going to buy those shares? If its going to be non-arms length then there are easier and cheaper ways to transfer assets.

[dad-bod]

If a guy sells a special class of shares of a corp to another entity, they are no longer sole owner of that corp.

Early in the article linked to in post #169, it mentions the ranch was sold to Monette Farms Ltd., Darrel Monette, and the numbered company 102134752 Saskatchewan Ltd.

This is a clue that maybe these huge expansions have been set up as some kind of partnership with Monette Farms as the farming / operating company, solely owned by Darrel Monette as he claims, and some - or most - of the land owned by investors through numbered companies.

Google says they farm over 350,000 acres. The article mentions Monette has access to 395 million in credit (though doesn't say what that credit specifically is for). That would be about $1100/ac for financing whatever land is owned by Monette plus equipment, buildings, overhead, inputs, and their other business ventures (produce, seed co). That doesn't seem out of line to me.

A guy could pull land title registrations and corporate registrations to get a better idea.