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NW MN | "The bank said McMartin told them he would plant 38,761 acres in 2016, "to make it look as though cost per acre was reasonable and that McM was reasonably expecting certain revenues to be paid as a result of sales of its 2015 potatoes." Instead, BMO contends he only planted 29,087 acres for McM in 2016. The 9,451-acre difference was owned by Ronald G. McMartin Sr., through a McMartin Ronald Sr. & Bonita joint venture."
I think the article is trying to say the crop off 9,451 was not "owned" or produced/planted by MCM but by Ron Sr.. Not actual land ownership but just what MCM reported to the bank that they would produce on. | |
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McMartin Farms Auction
