AGT Foods Trouble

[crusher]

I don't receive the Western Producer, but a neighbour said an article revealed they may be in some financial trouble. Does anyone know the details? I have some crop contracted with them for this fall.

[jamesb]

As far as I know pretty much everything WP publishes is online. I don't see anything about this in recent news. I too have new crop lentils contracted

[Lostmarbles01]

[url]https://www.producer.com/news/gfi-closes-sask-operations/[/url]

As far as I know the latest bankruptcy is a place called GFI.

[sumdumguy]

Special Crops and Forward Selling/Forward Buying is like Russian Roulette. IMHO The players are so exposed to risk. I am not saying AGT is in financial trouble, just that if you come through your life as a Forward Seller or Forward Buyer without unnecessary stress, good on you.

[wrongway]

This is simply not possible...fake news. AGT g
has been on the cover of every glossy ( and some not so glossy)farm magazine out there with glowing articles about them and their successes.

[consuelo]

agree with sumdumguy. its tough but play the odds. sometimes things just look out of wack like maybe this year on some special crops

[sumdumguy]

The price swings are huge some years snd if you get caught long in a down market or short in an up market, losses can be debilitating.

[crusher]

It would appear my neighbour got his letters mixed up. Thanks for the responses. Have a wonderful spring.

[Marusko]

The lawsuit for slander is in the mail!

[BreadWinner]

AGT is solid as a rock, they bought back all public shares a few years back and are all privately owned.