A gravel pit proposed in Mulmur would add about 14 trucks per hour onto Airport Road. That’s only if Arbour Farms hauled the maximum tonnage proposed within its aggregate licence application, or what has been described as the “absolute worst-case” scenario by company principal Adam Krehm. “We expect to operate at 30 per cent of our tonnage, which would yield something slightly more than four trucks per hour,” he said. “It’s a very safe, conservative reckoning of how many trucks will come and go from that pit.” Despite Krehm’s estimate, members of ...
The citizens’ groups that led the movement to protect thousands of acres of Class 1 farmland in Melancthon, Ontario welcome Bonnefield Financial to the community. Bonnefield has purchased the 6,500-acres of potato fields owned by the Highland Companies, including the land once proposed to become a 2300-acre mega quarry. After several years of uncertainty about the fate of the farmland, this is a new beginning.
OTTAWA, Canada, July 16, 2013 – Bonnefield Financial today announced an initial closing of its third investment partnership, Bonnefield Canadian Farmland LP III (“LP III”). LP III received various commitments totaling $100,000,000 from Canadian investors and more capital may be raised in subsequent closings to a maximum of $200,000,000.
BACKGROUND ON THE HIGHLAND COMPANIES QUARRY The Highland Companies, represented by John Lowndes, is owned by a holding company called Baupost out of Boston. It has recently undertaken a land assembly of well over 8,000 acres of prime agricultural land in and around Horning Mills, Honeywood, Redickville and other parts of Melancthon and Mulmur Townships.