Farm Listings Valued at $739 Million

OMAHA (DTN) -- Brokers in the U.S. and Canada on Monday began listing roughly 274,000 acres of land now owned and leased by Saskatchewan-based Monette Farms.

A sales and solicitation teaser for the sales listed the total estimated value at $1.05 billion CAN, or $739 million in U.S. dollars.

The sale includes two Montana farms totaling 44,211 deeded acres and 33,714 leased acres. Combined, the two farms are priced at $66.5 million in U.S. currency.

Across Saskatchewan and Manitoba, Monette Farms also has an estimated 177,000 acres listed for sale with Canadian brokers, which includes 117,000 acres in Saskatchewan, according to Canadian court documents. Due to farm-ownership laws in each province, the Saskatchewan and Manitoba farms are likely restricted to Canadian buyers.

The sale includes a 7,051-acre organic dryland farm in Colorado and a 3,141-acre irrigated farm in Arizona. Another 52,700 or so acres are for sale in Alberta and British Columbia.

A Canadian bankruptcy court approved a sales and investment process (SISP) earlier this month to begin listing the farm properties. Monette, one of the largest farm operations in North America, became insolvent in April when CA$829.5 million ($584 million) in debt became due out of a total of CA$919.5 million ($647.25 million) in secured debt for the farm, according to court documents.

DTN reached out to Monette Farms' general counsel for comments on the sale of the properties but did not receive a response.

According to court documents filed earlier this month, Monette's creditors would like to see final farmland bids approved in October and the court signing off on the sales by the end of November.

U.S. FARMS LISTED

Premier Land Co., in Montana, listed the Fire Creek Farm and Camp 4 Farm properties, which are both in eastern Montana, about 35 miles apart.

Listed at $38 million, Fly Creek Farm in eastern Montana includes 32,756 deeded acres and 6,968 leased acres. The listing states it is "one of the largest contiguous agricultural operations in the Northern Plains" with significant grain storage and equipment facilities.

Listed at $27,5000, the Camp 4 Farm, about 85 miles southeast of Billings, includes 38,202 acres -- 11,455 acres deeded and 26,746 acres leased. The property listed includes 28,000-plus acres for dryland farming with a three-year average of 76 bushels per acre for wheat. The property includes another 9,000-plus acres of grazing land.

In Arizona, Southwest Land Associates LLC has listed a 3,143-acre farm for $22 million about an hour northwest of Phoenix suburbs that includes 930-deeded acres and 2,213 acres of state land and commercial leases. Of that, 2,600 acres is irrigated cropland that was recently used for chickpeas, cotton, melons, squash, broccoli and wheat.

In Colorado, Clark Associates Land Brokers listed a 7,051-acre organic farm near Genoa, Colorado, for $9.3 million. The property has 5,890 acres that was converted from pasture to dryland organic wheat ground in 2025. The farm this year was planted to wheat, triticale, sunflowers and millet. Another 1,100 acres remains in native grass that has been used to graze cattle.

Also see "Court Monitors Note 'Unprecedented' Monette Farms Land Sale in Canada, Western States" here: https://www.dtnpf.com/….

Chris Clayton can be reached at Chris.Clayton@dtn.com

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