Monette Farms Ltd., one of the largest privately held farming operations in Canada, has filed for creditor protection under the Companies’ Creditors Arrangement Act (CCAA), citing sustained cost pressures, volatile commodity markets, and higher interest rates as key factors behind the decision.
The Saskatchewan-based operation filed its application with the Court of King’s Bench of Alberta on April 21, 2026.
The court granted an initial order that allows the company to continue operating while it works with a court-appointed monitor to develop a restructuring plan for creditors and the court.
In a letter sent to landowners and business partners, company president and chief executive officer Darrel Monette emphasized that the filing is not a bankruptcy or liquidation, but rather a court-supervised process intended to stabilize finances and restructure debt while maintaining farming operations.