Agfinity shuttered, new brokerage facing online questions [Video]

Stuck with a bin of heated canola and few options for marketing the downgraded crop, Barry Kitt of Myrnam, Alta. was happy this past summer when a brokerage found him a decent price. A sale was made and the load shipped in early August, but Kitt was still waiting for payment in mid-November and the company that made the deal was no longer answering the phone.

Agfinity, the Stony Plain, Alta. grain broker that Kitt sold his canola through, laid off employees and started the process of declaring bankruptcy in mid-October, according to former employees. The Agfinity website has switched to maintenance mode, its social media accounts are shuttered and calls go straight to voicemail.

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