It’s time.
Monette has filed for protection under the CCAA, the same thing AgraCity did.
A letter has gone out from Darrel to try and keep all the wolves at bay. Notice the language use.
“Our intention is to keep leases current”
There is no guarantee here, I would be nervous as a landlord.
“Farming operations continue, including seeding, crop care, and harvest planning”
Note they say harvest planning. Not executing harvest, they must have a really short runway.
“Lease agreements remain in force and we intend to maintain ongoing operations”
Another one here, intend to maintain. They are going to cut out sooner rather than later it seems. They must be putting in minimal inputs to use this verbage.
“with the goal of timely payment.”
This is for rent obligations, if it were me I wouldn’t expect to get paid. What a goal.
Darrel finally tells the landlords to reach out to the management but if he really wanted to put them at ease he would have told them to reach out to him directly.
This is bad, very bad. Full letter transcript below.
**MONETTE GROUP**
*Together we create more*
**To: Landowners and Leasing Partners**
**From: Management**
**Date: April 21, 2026**
We are writing to confirm the farm has filed for protection under the Companies’ Creditors Arrangement Act (CCAA). This is a court-supervised restructuring process that allows us to continue operating while we stabilize finances and restructure debt. Our priority is to protect the productive capacity of the farm and manage obligations—including land rent—in an orderly, predictable way.
This filing is a proactive response to current industry pressures (higher input costs, higher interest rates, and tighter credit) and is not a liquidation. We are working with our advisors and a court-appointed Monitor to develop a restructuring plan for creditor and court approval.
CCAA is not bankruptcy or a shutdown. It is a federal restructuring framework with court oversight intended to give a viable business time to develop and implement a plan, while continuing normal operations where possible.
We understand that the main question for landowners is how this affects lease performance and rent. Our intention is to keep leases current and to communicate clearly about timing and process. Where any approvals or documentation are required as part of the restructuring, we will explain what is needed and why.
* Farming operations continue, including seeding, crop care, and harvest planning.
* Lease agreements remain in force and we intend to maintain ongoing operations.
* Rent obligations are being actively managed and prioritized within the restructuring process, with the goal of timely payment.
* If anything changes that could affect your lease, we will communicate directly and as early as possible.
* We will continue to care for the land in accordance with agronomic best practices and the terms of our leases.
* For questions about your specific lease, please reach out to your usual management contact.
We appreciate your continued partnership and the trust you place in us to farm your land responsibly. We will provide updates as the process progresses. If you have questions, please contact management directly.
[Signature]
**Darrel Monette**
**President - Monette Farms Ltd.**
Well put, Trevor.
Sask’s canola industry is being put in the line of fire due to tariff’s on Chinese EV’s which nobody wants; to protect North American EV’s which few can afford; impacting Saskatchewan canola sales which people need and are already paying for.
Bittersweet day yesterday as we loaded up the last of the bred cows and sent them off. Been like 80 years there’s been cows on this farm but felt it was time to move on. Will take a little adjustment but it will be all good
NEW: Surfer survives brutal wipeout at Peahi beach (Jaws) on Maui's north shore.
Surfer Ty Simpson-Kane was seen tumbling like a rag doll after falling off the board towards the top of the wave.
Simpson-Kane was seen submerging under the oceans surface before being saved by rescue teams who took him to shore.
“There are no words that can truly describe the energy and the power that was surging. Pe’ahi was alive in all her glory and I still can’t believe I was able to get a wave paddling,” he said on IG.
“I’m doing good. Just a lot of water in the sinus…”
IG: tysimpsonkane
Best small town #Saskatchewan golf course: Episode 17 - Sask. Landing Provincal Park
Epic views of the valley. Kind of feels like prairie style desert #golf with the fields. It’s open, you can get aggressive. But if you miss, the rough is nasty. Challenging but still fun!