One Earth Farms Loses $3.2 Mill in 1st Quarter!

[SASKFARMER3]

The western Producer has a story how one
Earth First quarter was a loss of $3.2
Mill.
Must make all those investors very
happy.
The company was happy since it was down
from last years first quarter loss of
$3.8 Mill.
Im always happy when I have a loss.
Page 15 of this weeks WP!

[wilagro]

The writings on the wall for those fellers...better they stay with bonds and sure things rather than gamble on agriculture. They're way out of their league and will learn their lesson before long.

[SASKFARMER3]

The way the article is written thats their
first quarter loss. So how bad has the
first few years been and how much has Ag
Canada Given to these guys.
My 1st quarter was a very nice profit.

[wilagro]

From their web site:

"Sprott Resource Corp. first invested in One Earth Farms in 2009 and has invested $57.5 million for an 58% ownership position."

Holy Moley...that sounds like quite a bit of money to blow on farming...but they must be in for the long haul.

[Hopperbin]

is that a quarter loss or a year loss?
Does not really matter its a loss. I don't have the producer so how do they think they will improve themselves?
How will they cut expenses? Perhaps depreciation will be lower in the next years. Or maybe the rest of us need to bid more at these auction sales for all this new equiptment coming up. Do they have a good main man I can hire?

[sumdumguy]

Short them!

[farmaholic]

Let the bleeding begin or maybe a good dose of bloodletting would cure their ailment! Natural selection has a way of weeding out the weak, slowly but surely afew will perish.

[JDGreen]

Hopper go here http://www.producer.com/

click on digital editions. Read it for free

[JDGreen]

S3, you would be the only farm I know that would have a nice profit in a quarter that has no production

[riders2010]

No loss at all big agristabiliy cheque already in the mail.

[furrowtickler]

I said from day one this would be dead in the water - I don't care what billionaire is invested in the shat show. They will pull the plug. Mother nature and passion for farming rules not money or iron. JMO

[furrowtickler]

Agree 100% willie... absolutely. If you loose money in the last 3 years your fuked... Barring some of you that have been flooded out.
Just a note: We made it through three years of terrible drought,75% wipe out hail and a shat kicker frost - not fun but did it. These investers will run from the fire very fast. Most of us stick out hands and feet right in and take er. Farming is loooong term not a fast buck.

[dave4441]

It is always easy to underestimate your competition. Takes balls to look for their strengths and recognize them.

Not saying this will work, but seems everyone figures this is a bunch of slackers at the trough. This is not a short term project.

[sumdumguy]

Management is very difficult when the ship gets
so huge. Farming is a hands- on job that requires
all of your tallents. You dont come by good
managers easily as they arent found in cereal
boxes. When you look around, how many do you
see around you that you would hire to run your
farm? There are so many things that can go
wrong with many acres.

Add to the equation hIred staff, high payroll,
complex equipment, mutiple vehicles, many perils
makes for big question marks? But then who
knows, if by chance all the stars line up, could be
a windfall. Could happen.

[bucket]

They are milking the government programs with losses like that.