Posted by paul on January 27, 2018 at 11:30:54 from (76.77.197.114):
In Reply to: stamp farms posted by el6147 on January 27, 2018 at 11:02:14:
Yea, the saga continues.
And his 'little' 30,000 acre spread mostly got bought up by Boersen, who was over 80,0000 acres when it imploded this fall, several filed bankrupsty against this operation. It got staved off by Cenex, our farmer owned coop, writing off a $150,000,000 debt for pennies on the dollar, as another big outfit bought it up.
The big keep getting bigger, but the business model seems to regain over and over. Was so nice I got to help fund it all, as a Cenex member.....
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