one earth farms

[ProFarmer]

Is this a joke or the newest ponzy or pigeon king out there. Wall street trying to farm ,now that is a joke. Maybe they will be putting coffee machines in the corners of the fields.

[silverback]

Does anyone know yet if they are required to pool their wheat with the rest of us serfs?

Will the chiefs of the cwb be licking the boots of the chiefs and ceo trying to get their grain? Invites to the C to C? Overseas trips to show the benefits of forced pooling?

I have a hard time believing that an entity that does not have to pay taxes would be forced to deal with the cwb.

[checking]

Silver, are you saying that since, "we are all treaty people", we need to be asking for treaty status to get out of the CWB. (lol)

[SASKFARMER3]

180000 acres 1/3 lentils 1/3 canola and 1/3 hrs. (math easier that way)
60000 x 25 1,500,000.00 Bushels special deal to processor who is a share holder. 22,500,000.00 Dollars
60000 canola 2,280,000.00 to crusher -10 basis. 21,000,000.00 Dollars
60000 hrs 2,400,000. to CWB or crash border volume will definitely cause retaliation from USA. So for this CWB
9,600,000.
Total Cash 53,100,000.
Rent $9,000,000.00
Burn off 675,000.00
Seed $4,527,000.00
Spray Dis desic bugs
$6,400,000.00
Lease for 24 tractors and 24 75 ft air drills hire stone pickers etc.
$1,625,568.00
Diesel for year
$1,440,000.00
Custom sprayers.
$,2,880,000.00
Custom harvester and trucking
$4,860,000.00
Labour for just farm
24 guys x 2 plus helpers.
$1,450,000.00 1/2 year unemployment cover rest. Will have to keep half on or all for reliable guys.
therefore $2,900,000.00
Insurance hail.
$1,836,000.00
Misc $2,160,000.00
Lease on Bins and bag storage.
$1,384,320.00

Total basic before management fees etc.
$39,687,000.00
Profit of $13,413,000.00
Management accounting interest
864,000.00
Total $12,549,000.00
Taxes etc.

Total $8,784,300.00
Shareholder 8%
$2,400,000.00
Leaves $6,384,300.00
Now
1/2 crop. $26,550,000.00
loss is Basic cost of $40,551,000.00
Total loss $14,001,000.00
Share holds basic start is wiped out in one year. It can happen.
2/3 crop $35,400,000.00
loss of $5,151,000.00

Scenario. All farmers know you can dream of a great crop hope for best and settle for what mother nature gives you.
Now were not counting on disasters, US border, Change of rental agreements, ETC ETC ETC.
So I wish them well Their is profit if one has a great crop for first three years to establish the farm. But one wreck and they will need to pony up more cash.
So many variables so little time.

[bucket]

Saskfarmer3

I do those paper calculations for my farm every fall for the next year and before seeding after seeding and after harvest. I know what your saying but every year i keep coming up short from all my best calculations and even when I allow for a 10% contingency fund for the worst case I seem to be just treading water. I enjoy farming and don't want to get out but these are wealthy men - they should know better.

To see the silver lining - if these guys make money there's a pretty good chance family farms will be making money also. So there is optimism in watching them.

[Hopperbin]

A sq B sq = C sq.
A is ALL farmers in MNPs computer plus
B is all BEST farmers in MNPs computer equals
C Crap why doesn't it work out.

[Hopperbin]

Does anyone want to be on MNP's database right now?

[Hopperbin]

Wow Hopper, FBC's got you really brainwashed, just like that bs they claim with audit protection.

Does the $9000 grand you just paid them for a whole lotta nothing started to pick your ....

[Hopperbin]

Yes I am picked. Happy now? I am picked at most accountants. Firing them is fun.

[SASKFARMER3]

PNM their is way better accounting firms that will handle farmers. Way better. These guys get a guy to form a company for no reason then gouge him with huge fees.

[Hopperbin]

PMS PNM MNP who are you talking about???

[Hopperbin]

Firing them is fun, are you sure about that???

When FBC was at my farm some 10 or 15 years ago, you paid your fees in advance.

I'm thinking your $9000 is to cover 2010 taxes which is a year away.

Hmmm, with all that cash up front from the clients they have, we should be checking if they bought shares in One Earth Farms...