The court overseeing creditor protection for seeding equipment maker Morris Industries is being asked to approve a deal for the company’s sale to another Saskatchewan manufacturer. Calgary consultancy Alvarez and […] Read more
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Tag Archives bankruptcy
Court approval sought for Morris Industries sale
Rite Way deal the 'highest and best offer received'
How a major U.S. farm lender left a trail of defaults, lawsuits
Harrod, Ohio | Reuters — After completing a credit review in a half-hour phone call, a BMO Harris Bank underwriter cleared US$12 million in loans for Ohio corn and soybean […] Read more
Economic challenges mean U.S. farm bankruptcies are up but land prices hold steady
USDA says farm real estate prices holding up, but the potential for a fall is there
Reuters – The United States Department of Agriculture is concerned about a potential decline in farmland real estate prices, but has seen no sign of that happening so far, said […] Read more
Spike in big U.S. farm loans may add risk to agricultural banks
Farmers are feeling the impact of the U.S.- China trade war as commodity prices drop
Chicago | Reuters – A sharp jump in American farmers seeking operating and equipment loans of at least US$1 million fuelled a spike in agricultural lending in the third quarter […] Read more
Some Canadian Exotic Grains customers compensated
CNS Canada — A few producers who did not receive payment from Canadian Exotic Grains Ltd. have been compensated through the Canadian Grain Commission’s Safeguards for Grain Farmers Program, the […] Read more
Farm bankruptcies down, but not out – just different
Winnipeg | CNS Canada – Fewer farms means fewer bankruptcies but with that simple equation comes the realization that the size and tone of those bankruptcies in North America is […] Read more
Pulses stranded at sea as shipping company flounders
CNS Canada — The bankruptcy of a major Korean shipping company has raised some concerns for Canadian pulse crops moving by container, but any disruptions to movement will likely be […] Read more