Buhler Industries Sells North Dakota & Alberta Properties

Apr 20, 2023

Buhler Industries Inc. announced April 17 it had closed the sale of two properties located in Fargo, N.D., and Vegreville, Alta. The Company identified the properties as "Assets held for sale" on its balance sheet. In addition, Buhler Industries completed the sale and leaseback of its Woodstock, Ont., property. Buhler Industries has the option to lease the Woodstock property for up to 5 years.

Total proceeds net of commission was $24.3 million for all three-property sales. Proceeds will support operations and future capital investments in the Company. First quarter results will reflect the Fargo, N.D., property sale located in the United States while the second quarter will reflect the sales of the Vegreville, Alta., and Woodstock, On., properties located in Canada. Sale of the U.S. property was through the B.I.I. Fargo, Inc. subsidiary while the sales of the Canadian properties was through the Buhler Trading Inc. subsidiary.

Buhler reported its 2022 earnings earlier this month, showing revenue for the year was $178.8 million, down $57.6 million from sales of $236.4 million in 2021. The Company's decreased sales for the period primarily results from the accounting change to a December year-end in 2021.

Source : Farm Equipment

Video: A Farm Song (Busy) | Parody of A Bar Song (Tipsy) by Shaboozey

Lyrics:

My days begin with workin’, Alarm’s at 5 o’clock,
I Fill 5 gallon buckets, The feeders and the troughs,
This five to nine ain’t workin’, why the heck do I work so hard?,
I can’t worry ‘bout health problems, I can sleep in when I’m gone,

One, here comes the two to the three to the four,
Tell em’ ‘buy another cow, we need plenty more’,
Blue jeans are gettin’ dirty, what else could I ask for,
Oh my, more chores

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
There’s another flock of sheep that still needs feed,
Everybody on the farm gettin’ busy,

Everybody on the farm gettin’ busy,
Everybody on the farm gettin’ busy,

I’ve been working pretty stressed but,
I ain’t changing for some cash,
Lord knows that I’m very blessed (More chores),
But I gotta say it’s hard,
Workin’ outside gettin’ charred,
Living out here on the farm, (more chores)

One, here comes the two to the three to the four,
Tell em’ ‘buy another cow, we need plenty more’,
Blue jeans are gettin’ dirty, what else could I ask for,
Oh my, more chores

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history
There’s another 20 chickens that still need feed,
Everybody on the farm gettin’ busy,

Everybody on the farm getting’ busy,
Everybody on the farm gettin’ busy,

Fun, here on ranch that’s what you can’t ignore,
Might be pretty hard but I love it to its core,
Flannel’s gettin’ dirty, what else could I ask for,
Oh my, more chores (Tell ‘em sing with me)

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
There’s another flock of sheep that still needs feed,
Everybody on the farm gettin’ busy,
Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
Watching cattle in the dark, don’t miss me,
Everybody on the farm gettin’ busy,
(Yeeeeeehaw)
Everybody on the farm gettin’ busy,
Everybody on the farm gettin’ busy,
It’s the best bro, go get yourself a farm