Bankruptcy Archives - Page 3 of 4 - Manitoba Co-operator

Editorial: The ‘Bonanza’ farm

Serious thought needed about who will do the work, how will they be paid, and where the investment capital will come from

By Laura Rance-Unger December 1, 2014

I’ve seen a man on one of our big farms start out in the spring and plow a straight furrow until fall. Then he turned around and harvested back.” This anecdote dating back to the late 1800s was shared by Sam Moore in the 2010 article “Bonanza Farms of the Red River Valley,” found on

Livestock

No Money, No Sale, Says MBP Resolution

By Daniel Winters November 17, 2011

co-operator staff / Brandon Three resolutions aimed at protecting ranchers in the event of a dealer bankruptcy were the subject of debate at the recent Manitoba Beef Producers annual general meeting. The first, which called on MBP to lobby for laws making the transfer of ownership of cattle or commodities incomplete until payment is made

Cereals, Livestock

KAP Wants Farmers Better Protected

By Allan Dawson November 3, 2011

The Keystone Agricultural Producers (KAP) wants laws to ensure farmers retain ownership of the products they deliver until paid. When farmers unload cattle at an auction market they lose ownership even though they haven t been paid, Minto farmer Bill Campbell said during KAP s general council meeting Oct. 27. Until I receive compensation I

Livestock

Herd Cutbacks Eat Into Ridley’s Q2

February 25, 2010

Winnipeg feed maker Ridley Inc. reports higher profit in the last three months of 2009, even as its feed sales drop due to cutbacks in Canada’s livestock herds. The company reported net earnings of $5 million on gross revenue of $150 million for its second quarter ending Dec. 31, down from $700,000 on $163.6 million

Opinion

Hog Losses Cut Wide Swath

By Kevin Hursh January 14, 2010

I was one of many who believed Saskatchewan, with its landlocked feed grain supply, was a logical place for the hog industry to prosper. Alarge number and individuals and businesses have lost money due to the demise of the Saskatchewan pork industry. Big Sky Farms, which is currently under creditor protection, is just the latest

News, Poultry

Pilgrim’s Pride Eyes 2009 Bankruptcy Exit

By Bob Burgdorfer March 5, 2009

U. S. chicken producer Pilgrim’s Pride Corp. has idled plants and is streamlining operations in hopes of exiting from bankruptcy protection by the end of 2009, CEO Don Jackson told Reuters on Feb. 27. The company filed for bankruptcy protection in December after struggling for nearly a year with high feed costs and low meat

Country Crossroads

Choosing which debts to pay first

By Phyllis Onstad January 29, 2009

Threats by debt collectors to ruin your credit score should not be a reason to move the debt to higher priority. Are you faced with making decisions on which debts to pay first due to lack of or limited income? You are not alone. Here’s some guidelines to help you set priorities. Always pay for

News

Investors chase Pigeon King

By Jim Romahn December 11, 2008

Pigeon King Arlan Galbraith told bankruptcy officials here recently that he will hire a lawyer to fight a move by James Wiersma to petition him into personal bankruptcy. The next step is a hearing Dec. 9 and it’s likely that a bankruptcy court hearing will be scheduled then for sometime in January. In the meantime,

News, Poultry

A Pilgrim’s Pride bankruptcy may help rivals

November 27, 2008

Any bankruptcy filing by Pilgrim’s Pride Corp., the largest U. S. chicken producer, could support higher pricing for the entire poultry industry as capacity is taken out, Fitch Rating said Nov. 18. A Pilgrim’s Pride bankruptcy looks “pretty inevitable,” given that the company has hired a restructuring adviser and is exercising a grace period for

News

Deadline set for FarmPure creditors

November 6, 2008

Manitoba farmers owed money by FarmPure Seeds should prove their claims with Meyers Norris Penny by mid-December at the latest. MNP, as FarmPure Seeds’ trustee, goes to Court of Queen’s Bench in Saskatoon on Nov. 17 to get court approval for Ontario forage firm Pickseed to buy FarmPure’s forage seed assets at Nipawin, Sask. Pickseed’s

Daily Network News

U.S. Supreme Court to hear Bayer’s bid to curb Roundup cases

Canada-China roundup: Producer groups applaud tariff relief; pork left out; mix of criticism and praise from Trump administration

Opinion: Is a closer trade relationship with China a security risk?

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