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Arable Farming
Cropping
Another farmer co-op goes under
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<blockquote data-quote="Hay Hoe Lets Mow" data-source="post: 5551832" data-attributes="member: 111352"><p>Basically Openfield have just purchased all the other Angus Cereals members space for a fraction of what the members would have originally paid for it. Openfield now own all of a reasonably new asset and can spin their next set of financial result (assuming they are also negative) with the fact they have purchased a store.... better than posting a loss with nothing to show for it!</p><p></p><p>The real losers sadly must be the other Angus Cereals members who have lost their investment and now have absolutely nothing to show for it.</p></blockquote><p></p>
[QUOTE="Hay Hoe Lets Mow, post: 5551832, member: 111352"] Basically Openfield have just purchased all the other Angus Cereals members space for a fraction of what the members would have originally paid for it. Openfield now own all of a reasonably new asset and can spin their next set of financial result (assuming they are also negative) with the fact they have purchased a store.... better than posting a loss with nothing to show for it! The real losers sadly must be the other Angus Cereals members who have lost their investment and now have absolutely nothing to show for it. [/QUOTE]
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Arable Farming
Cropping
Another farmer co-op goes under
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