A Mega Farm’s Financial Fall Is Sending Shockwaves Across the Prairies

J.R. Patterson of The Walrus chronicles the rise and financial collapse of Monette Farms, one of North America’s largest farming operations, which entered creditor protection with approximately $1.08 billion in liabilities after years of aggressive, debt-financed expansion, while considering the risks of relying on rising farmland values and low interest rates to fuel growth, the challenges of managing increasingly large agricultural enterprises and the broader implications of the insolvency for farmland prices, creditors and the future of Canadian farming.

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