Farming Giant
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For Final Fantasy XIII on the PlayStation 3, GameFAQs has 40 FAQs (game guides and walkthroughs). Here begins the walkthrough for the game of Final Fantasy XIII. It is an epic journey, full of adventure and wonder- so click the link below to. Final Fantasy XIII Game Guide & Walkthrough When I couldn't see a future and I was afraid. When the future was clear and it hurt to see, I just close my eyes and lose myself in happier days. In this Final Fantasy XIII guide you will find some detailed description about how to handle with all main quests that are appearing in the game. Welcome to the Final Fantasy XIII wiki guide. Say farewell to tranquility. Join Lightning, Snow, Vanille and crew in restoring peace to Cocoon, one chapter at a time.
Farming Simulator 18 Mod Farming Simulator 18 Mod v1.4.0.6 - Google - OES3 (Mod Money) Features:Mod MoneyBecome a modern farmer in Farming Simulator 18! Immerse yourself in a huge open world and harvest many types of crops, take care of your livestock - cows, sheep, and pigs - take part in forestry, and sell your products on a dynamic market to expand your farm!You have access to a huge selection of over 50 farming vehicles and machines, faithfully recreated from over 30 of the biggest names in the industry, including AGCO’s most respected brands: Challenger, Fendt, Massey Ferguson and Valtra.
An 83,000-acre Michigan farm was sued by CHS Capital Inc. For defaulting on a $145.3 million loan. (Photo by Michael Coghlan)OMAHA (DTN) - When Zeeland, Michigan-based Boersen Farms Inc. Bought the bulk of Stamp Farms LLC's land-lease agreements and other assets in what was considered one of the largest farm bankruptcies ever in 2013, the DTN National Corn Index was at $7 a bushel.Now, with cash corn prices closer to $3 a bushel and the farm economy struggling, those headwinds have made it difficult for Boersen Farms to pay its bills, despite planting roughly 83,000 acres of corn and soybeans last spring, according to court records.The farm defaulted on more than $145.3 million it owes CHS Capital LLC, according to a lawsuit filed in U.S. District Court for the Western District of Michigan. CHS Capital has asked the court for a receivership.
That would place all property used as collateral for the loans under the control of an independent person known as a receiver.' They bought a lot of this property at $6 and $7 corn, and now it's trading under $4,' said Cody H. Knight, a bankruptcy attorney with Rayman & Knight based in Kalamazoo, Michigan, who is representing the Boersens.' That was a big impact - it's commodities. Our law firm does all insolvency work.
In the past five years, four of five cases have been in agriculture. You have to be big to survive, but even big farmers have been struggling,' Knight said.Knight told DTN the farm is hoping it can restructure its debt and that CHS would provide funds for the harvest as part of the court proceedings.' Boersen Farms believes that a court-supervised restructuring is appropriate,' Knight said in a statement to DTN.' We will harvest our crops and have every intention of continuing our farming operation. We are negotiating with several new lenders to address immediate concerns and to fund farming operations in 2018 and beyond,' Knight said.Dennis Boersen, president of Boersen Farms, did not immediately respond to a DTN request for comment.CHS Capital is a limited liability company based in Minnesota and part of CHS Inc. Stamp Farms, which was previously owned and operated by Michael Stamp based in Decatur, Michigan, filed for Chapter 11 bankruptcy protection in November 2012. The court held an auction on Feb.
5, 2013, to sell the farm's assets in bulk, including irrigation equipment and unexpired three- and five-year leases on a farm that once claimed to operate across 46,000 acres.Boersen submitted the so-called stalking horse bid of $22.8 million for the bulk of Stamp Farm assets. Such bidders are typically known by the debtors and are asked to submit a bid in order to establish a floor against unreasonably low offers.THE LAWSUITAccording to the CHS lawsuit, Boersen Farms received a notice of default and termination of the $145.3 million loan on Aug. 14.As collateral, CHS says it is entitled to Boersen Farms' current crop in the ground that includes about 25,000 acres of corn and about 58,000 acres of soybeans, valued at an estimated $49.7 million, according to the lawsuit.In addition, CHS lays claim to 56,415 bushels of corn stored from the 2016 crop at three storage locations.' The value of the crops subject to CHS Capital's security interest is less than the indebtedness owed,' the lawsuit said.
'There is no equity cushion to protect CHS Capital. The appointment of a receiver is necessary to prevent further dissipation of CHS Capital's crop collateral.'
The lawsuit levels a number of allegations against Boersen Farms.First, CHS alleges the farm 'fraudulently and intentionally misrepresented to CHS Capital the quantity of harvested 20l6 grain available for sale, which quantity and resulting expected sale proceeds were included in the budget.' To induce CHS Capital to forbear from exercising its legal right to take possession of the 2016 harvested crops, defendants fraudulently and intentionally misrepresented the volume of harvested 2016 grain by over $6 million to create the illusion of sufficient revenue to offset expenses. Further, the defendants failed to comply with the budget.'
The lawsuit said that, because of 'misrepresentations' about the quantity and quality of the 2016 crop in storage, Boersen Farms 'have insufficient remaining 2016 crop and crop proceeds to pay the expenses to harvest the 2017 crop. The defendants will run out of cash in late August, and will have no money to pay for the expenses of harvesting the soybeans in September.' CHS said in the lawsuit it would be willing to provide funds for harvest to a receivership, but not to Boersen Farms itself.In addition, CHS alleges the farm sold grain to third parties without notifying the lender.Some of the larger transactions include about 495,000 bushels of corn to BF Funding LLC, 'a newly created entity formed to thwart CHS Capital's Food Security Act notices. Proceeds from these grain sales of approximately $1.9 million were not delivered to CHS Capital, in violation of the security agreements,' the lawsuit said.' Similarly, the borrowers delivered 594,604 bushels of corn to Poet LLC, an Indiana purchaser outside the normal geographic scope of the borrower's historical sales of grain.'
That sale, according to the lawsuit, generated about $2.2 million in proceeds.According to a news report that aired on Wood TV 8 in Grand Rapids, Boersen Farms faces a number of other smaller lawsuits totaling about $3 million.The farm also has been sued by equipment companies and others, and the lawsuit alleges Boersen farms used more than $200,000 in CHS' cash collateral to buy a $614,000 house.When asked about the real estate transaction, Knight said proceeds from grain sales were 'used in the farming operation.' Todd Neeley can be reached atFollow him on Twitter @toddneeleyDTN(CC/AG/ES)© Copyright 2017 DTN/The Progressive Farmer. All rights reserved. About DTNDTN delivers accurate, objective, real-time, and actionable insights to increase our 2 million customers’ confidence and support their business decisions. In a data-rich world, our actionable insights in weather and financial analytics make sense of the information, drive change in processes and help businesses prosper. They empower our agriculture, energy and transportation customers – those who work endlessly to feed, fuel and protect our world. We believe that when our customers are supported with the most reliable and innovative information to the Nth Degree, they prosper and we all win.
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