Remember Monette Farms, the Saskatchewan mega-operation selling off 274,000 acres to dig out from under roughly $1 billion in debt?
The saga just picked up two new plot twists, and one of them has nothing to do with land at all.
Here's what's happened since our last check-in, and why both developments matter well beyond the Monette gate.
👉 What happened
Two big things landed in the last couple of weeks:
The first sale got the green light. On August 19, a King's Bench justice in Calgary approved Monette's first completed land sale under the court process. Byner Cattle Co. of Nevada is picking up roughly 3,100 acres at Aguila, Arizona, plus a cold storage facility and a seed plant. The price wasn't disclosed, though the parcels were most recently listed at $18.5 million and $5 million. According to the court filing, the broker contacted 17 prospective buyers and only got the one offer, which the monitor recommended anyway. The deal still needs a nod from the U.S. bankruptcy court under Chapter 15 before it closes.
A crop insurance fight nobody saw coming. An August 10 affidavit revealed that Saskatchewan Crop Insurance Corporation says Monette owes $1.9 million, stemming from an audit that found an overpayment in the 2023-24 crop year. SCIC set an August 15 deadline to get paid or risk losing 2026 coverage. Monette, the court monitor (FTI Consulting), and the farm's lender are disputing that SCIC even has the right to pull coverage over what they call a pre-filing debt. As of August 25, nobody's filed anything to say it's resolved.

