Charlie Westfall
2.1K posts

Charlie Westfall
@WestfallCharlie
Farmer,racer,and most important Dad!! also run @Shadowvalleymx on insta.



Here is a pretty good explainer video describing the fall of Monette Farms. For those who do not know, Monette Farms is a massive farm & livestock syndicate that farms over 400,000 acres. A $950 million dollar loan was called in April and Monette had absolutely no money to pay it. This looks like clear abuse of the bankruptcy system as well, he could foresee this and still kept purchasing as many assets as he possibly could, he never put together a plan to strategically sell off assets and focus on a specific area, instead he inflated the debt as high as possible, demanded an emergency loan for another $100 million and will let all the creditors he abused eat shit while he likely funnels off grain to some strategic binyard somewhere this harvest. Lets see what happens though.



Buying excessive parts because they are on sale is needless spending that probably wasn’t in the budget.









So AMA Arenacross cancelled another race and also turned the comments off. Oh ok guys.











