According to news reports, 8-store Canadian AGCO and Claas dealer AgWest, along with two related numbered companies, has entered creditor protection.
The Manitoba Court of King’s Bench granted protection under the Companies’ Creditors Arrangement Act on Oct. 13, following an application by Bank of Montreal.
An Oct. 15 amended order extends the protection through Jan. 29, 2027 and authorizes up to $6 million in interim financing from BMO to support operations during the proceedings.
The dealership's stores in Manitoba and Saskatchewan remain open.
CEO Derrick Webster told The Western Producer in an email, "The only thing I can really say is that AgWest plans on being here to support our customers and have the full backing of our OEMs and bank."
AgWest’s unaudited balance sheet showed approximately $75.8 million in assets, including $59.7 million in inventory, against $73.7 million in liabilities as of Aug. 31. According to court filings, BMO was owed approximately $34.3 million as of Oct. 7.
BMO issued a default notice in May after AgWest exceeded borrowing limits and breached a financial covenant. The bank demanded repayment in July.
In August of 2025, Farm Equipment reported that AgWest had broken ground on 2 new facilities in the western region of Canada. At that time, the dealership had also noted that buildings where construction had been put on hold have broken ground in Russell and Brandon and are expected to be completed in 2026. Also in 2025, AgWest acquired locations from Agriterra Equipment.
