In early October, I wrote a column about a grain broker in a financial squeeze leaving an undetermined number of producers unpaid for grain deliveries made many months earlier. At the time, I didn’t name the broker as being Agfinity because the owner, Joseph Billett, seemed sincere in his efforts to work his way out […] Read more
Tag Archives Agfinity
Agfinity declares bankruptcy
Glacier FarmMedia/MarketsFarm – Agfinity Inc. officially filed for bankruptcy Nov. 25, slightly more than a month since the Alberta grain brokerage shut down operations and laid off employees. The company owes $5.067 million to the 181 creditors listed in bankruptcy filings released Nov. 26. Many of the creditors are farmers who sold grain through Agfinity […] Read more
Agfinity shuttered, new brokerage facing online questions
UPDATED – November 19, 2024 – 1545 CST – Adds comments from Agfinity president Joseph Billett. Glacier FarmMedia – Stuck with a bin of heated canola and few options for marketing the downgraded crop, Barry Kitt of Myrnam, Alta. was happy this past summer when a brokerage found him a decent price. A sale was […] Read more
