THURSDAY, NOVEMBER 27, 2014
VOL. 92 | NO. 48 | $4.25
STRESSED OUT? |
SERVING WESTERN CANADIAN FARM FAMILIES SINCE 1923
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HOW TO ASK FOR HELP
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WWW.PRODUCER.COM
SEE FULL AGRIBITION COVERAGE AT PRODUCER.COM & IN NEXT WEEK’S EDITION
She’s tough enough to wear pink at Agribition. Amanda Pangburn of St. Anthony, Idaho, personifies the “support breast cancer research message” that is being worn by agricultural and rural folks across North America. The Tough Enough to Wear Pink clothing has found supporting sponsors, including National Finals Rodeo and Wrangler jeans. Pangburn was fitting cattle at Canadian Western Agribition held Nov. 24-29 in Regina for Hirche Herfords and Angus of High River, Alberta. | MICHAEL RAINE PHOTO
TOUGH ENOUGH |
Farm owner blames ownership rules Broadacre Agriculture seeks bankruptcy protection | Pension fund ineligible to own land BY SEAN PRATT SASKATOON NEWSROOM
One of Saskatchewan’s largest grain farms could have stayed afloat if not for a wishy-washy provincial government policy, says the company’s chief executive officer. Broadacre Agriculture has been granted creditor protection by the Court of Queen’s Bench of Alberta
after the company was unable to service its loans. The firm has until Dec. 4 to figure out how it will pay its creditors and exit the grain business after amassing 65,000 acres of owned and leased land in the province over the past three years. Broadacre CEO Gary Pike said it all could have been avoided if a Canadian pension plan was allowed to invest in the company.
The firm had a deal in place with an unnamed pension fund that was willing to inject much-needed capital. “They were willing to take us to the next step,” he said. However, Saskatchewan’s Farm Land Security Board killed the deal by ruling that the pension fund was ineligible to own farmland. Pike is baffled by the ruling, considering that earlier this year the same
board ruled that the Canada Pension P l a n Inv e s t m e n t B o a rd c o u l d acquire 115,000 acres of Saskatchewan farmland from Assiniboia Farmland Ltd. Partnership. “All of this could have been resolved if (Saskatchewan premier) Brad Wall had a clearer policy on pension funds,” he said. SEE LAND OWNERSHIP, PAGE 2
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u|xhHEEJBy00001pzYv%:) NOVEMBER 27, 2014 Return undeliverable Canadian addresses to: Box 2500, Stn. Main, Saskatoon, SK. S7K 2C4 The Western Producer is published in Saskatoon by Western Producer Publications, which is owned by GVIC Communications Corp. Publisher: Shaun Jessome Publications Mail Agreement No. 40069240
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