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

[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.

[SASKFARMER3]

Sask99 it was a very good quarter with
sales. This company runs a shit show by
us and is loosing land. Suits cant run a
farm.
I can read a book on house plants, grow
them at the lake and visit them every 3
weeks. How well will the house plant do
if Im at Regina and the plants are at
Canora. Do I see the Deer eating the
leaves the hail storm the down pour or
the days with no rain. The answer is No
and thats what will happen with these
farms. On paper I use to say I could
make any farm look good. In reality its
how the farm is run. Paying workers
$100,000 a year for running a sprayer or
tractor is plain stupid. Paying a hands
on Good farm manager 100,000.00 makes
one money. They might figure it out but
not before they cost the taxpayers a
huge amount of money.

[ColevilleH2S]

Whats the famous farming quote about your plow being a pencil and residing a thousand miles from a corn field?

[ColevilleH2S]

Then you don't understand accrual accounting. Your cash sales may have been high in the first quarter but other than increase/decrease in price of remaining inventory, it has nothing to do with real income/loss.

IF there was an expected Agristability pmt, it also would have been booked as income in the previous quarter.

Sorry, but my banker days just had to step in and clarify here

[ColevilleH2S]

And I agree fully that a one earth concept has huge hurdles to be successful if not a brick wall.

[hobbyfrmr]

SF99, so then, the 3.2 million dollar loss reported
includes the revenue from agri stability, if there
was one. Everything has been counted before
they make the report public correct?
This may be a problem for one earth, but they
have truckloads of other peoples money backing
them up. This is helpful, they might succeed, time
will tell. If they don't succeed with access to that
much cash to farm properly, then we are all
stuffed!

[bucket]

If they are using investors' money to bankroll this operation then they are technically operating with cash.

Landlords would get paid, the inputs would be paid for,etc.

With current prices and showing losses even with the too wet payments and agristability ( based on the neighbors averages because they don't have an average) IMHO they are in a shitload of trouble.

They have to convince more investors to give up some more cash ==== ponzi scheme.

[riders2010]

Did our western government expand the agristability limit for you 99? Get f'n real when they want a loss they create a paper one for a payment plain and simple.

[riders2010]

Hobby - If they follow regular calendar year ends (ex December) then no, AgriStability would not be in this first quarter loss. I do not know what year end they choose or am able to find a public financial statement but it would be interesting to see.

If there was a benefit, and personally I do not believe they would receive anything significant if at all, then that amount would have been recorded as revenue and accounts receivable on the December quarter.

Even if many of you do not believe you can calculate AgriStability benefits and future reference margins, the firm I use does it very well and extremely accurate.

I am quite certain that when looking at One Earth's admin that they would have the knowledge to calculate this as well.

[SASKFARMER3]

Sask yes I understand accrual acc. This shit show
is losing money. Like all these supposed super
farms playing with investor money. Who cares
about ag stability If all hell breaks out the fed and
prov won't cover you. You can have a huge
margine, but if Canada starts to fail, guess what
your shit out of luck. Cash is king. These guys
are using our good margins to keep them going
just long enough to be sold again to another
numbered company.