A notice on the Canadian Grain Commission website is notifying farmers that Monette Seeds will not be licensed beyond next Friday, May 1st.
The following story was written by Glenda Lee Vossler with Swift CurrentOnline. Photo credit also to SwiftCurrentOnline–Monette Seeds facility in Swift Current.
The company’s primary elevator licence at Swift Current, SK, will not be renewed.
Producers that may be owed money for grain deliveries or who have open contracts with Monette Seeds Ltd. are being advised to notify the CGC as soon as possible, and to check out the Safeguards for Grain Farmers Program on their website.
Producers who have open contracts with Monette Seeds Ltd. should contact the court-appointed monitor FTI Consulting Canada Inc.
FTI Consulting Canada Inc.
Toll free telephone: 1-833-417-0766
Fax: 403-232-6116
Email: monettefarms@fticonsulting.com
Monette Farms filed for creditor protection under the CCAA (the Companies Creditors Arrangement Act) which is now before the Court of Kings Bench of Alberta and the United States Bankruptcy Court for the District of Delaware, impacting all of its affiliated companies in Canada and the U.S.
Court documents from the U.S. and Canada note that despite their position as one of the largest private farming operations in North America, the debtors have encountered financial and operational difficulties in recent years, largely owing to their expansion into lower margin agricultural sectors, including produce, underperforming farming operations caused by weather conditions, higher input costs and overall commodity prices.
Defaults under the Senior Facilities Agreement began in October 2024, however issues began to accelerate in 2025.
Court documents show money is owed to the Bank of Nova Scotia, Farm Credit Canada, as well as on land and equipment purchases and leases.
Documents show they own approximately 274,000 acres of Real Property across Western Canada and the United States, lease approximately 175,000 acres of land in Canada, and an additional 43,000 acres in the United States in Arizona, Montana and Colorado.
Efforts earlier in the year to sell off property across Canada and the U.S. resulted in the sale of three properties in Saskatchewan meaning the overall process was unsuccessful.
FTI Consulting Canada Inc noting in the court documents that the Monette Farms is overleveraged and requires additional time to refinance through the restructuring of the business and orderly disposition of assets.
