Illinois Family Farms has, maybe it's still up, a great web site, expounded on the family part of it, and how they did this or that and menus for the work crew and all. Sounded like a really nice bunch of family. They kinda bragged their sales was to sell every bushel 4 times, to make better profits. (I think that ends up meaning they speculated a lot, trying to guess right?)
Behind that, they aggressively tried to get 50,000 acres of land under their thumb in a couple years, and went broke in the middle of some of the highest crop prices we've ever had in farmin, even when expensive were still low.
Left a lot of people in the lurch.
Stamp and Boerson at least waited until the Ag downturn to implode.
When Stamp went under, Boerson came into the lcourthouse and just took over the operation, assumed the land contracts and all in mostly one big chunk.
I fear lawyers and judges like that, only one person to deal with and so even if they buy into it a little low, it's a bankruptcy who cares sell it out low to just one enterprise.
I fear this will lead to even faster consolidation of farmland into ever bigger mega farms as we see farms going to the red side of the ledger these days.
Who is going to buy out Boerson And merge with their large operation and continue on another 4 years, only to repeat again.
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Today's Featured Article - Trailering Your Tractor - by Curtis Von Fange. One of the fun things of summer and fall are the parades and tractor shows that go on across America. Many owners of tractors travel long distances to attend these shows and they usually take their restored iron along with them. Safe trailering practices and inspections will ensure that the event is a fun one. A good habit to develop when using a trailer is to give that ‘quick look over’ before taking it on a trip. Before hooking up to it check the tongue for proper operation. The latche
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