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

[hobbyfrmr]

Black powder I am barking right beside you! The
farm aspect to Sprott resources is a front to gain
access to the oil, gas, and potash. I regard it as a
loss leader. They will sign up with the nations,
gain their trust and then, together they will be
extremely profitable with the important
commodities.
The fact of the matter is, that, the general public
could care less about agriculture, we are really
not that important, but when you start talking
about oil, potash and uranium development,
everybody listens. Thousands of people get jobs,
start service businesses, think of all the property
taxes, personal and corporate income taxes
generated, GST revenues, Waaaay more money
than a bunch of shrewd self centered dirt
scratchers!

[furrowtickler]

Until the natives get screwed on their share and set up road blocks and then refuse to let sprotresorces anywhere near their land until they get very well compensated. It will happen mark my words. Right after the first nations refuse to farm until they get the lions share from the one earth farm operation which of course will bet a negative net return. Not wishing bad luck, they do not bother me or my farm, but the writting is on the wall bright and colorfull.
As far as the resorces go sprot will not be able to touch one ac of dirt or for thet matter anything under treaty land(oil,gas,pot) without major revenue compensation to the first nations - which it should be. ... Time will tell. They may be fine but there are sooo many red flags on this i would be very impressed if it works out.

[cottonpicken]

I've listened to everything Eric Sprott has said or written for the past 6-
7 years,maybe longer?

One earth is a small part sprott resource,which is publicly traded,scp-t.

http://sprottresource.com/company-profile.aspx

You can own a small part of it,which probably makes some puke in
their mouth.

Eric is the last one to say that his margins will ever beat the family
farm's.

He is an example of a group of people,including myself,that resources
are undervalued another example is Jim Rodgers.

Why there is so much animosity towards two titans who are standing up
and saying "farming is important,farming is valuable",from farmers is
incredibly baffling to me.

And the word for enjoying others suffering is,shadenfreude.

[furrowtickler]

Hey i think that thet it's great that they know that farming has a bright future for some, I just think that this marage will not work out. Nothing against either side. Just that the reality of farming is unknown to bolth sides, thats all. Maybe all the money in the world will make it work, i duno, time will tell. Cotton do you live besides any first nations? We have 12 in a 30 mile radius - just speaking from experience is all through one small window.

[Burbert]

Who cares? Comedian framing, is comedian
framing! It is supposed to be funny at
the best of times......

[blackpowder]

I don't really have a problem with Sprott Resources either.
Anything that utilizes underdeveloped resources.
Heard OEF was offering $100/ac rent in our area this spring. 1 yr, canola only. Hadn't heard if any takers.

[Hopperbin]

sask99 do they have to record the Agristablility payment for year it was meant for and not in the year it was recieved? I suppose the adjustment could be made later. Not sure how they could create a loss out of one of the best ever farming years. They do have the farm spread out over distances so risk in one area could have been made up elsewhere. Could be the top heavy management is not worth what they think they are worth and can only create a loss for so long. The investors will not be there forever they need profits. Is the financial statement public?

[cottonpicken]

It's well known,among the people who follow
markets,that the underlying commodity has been a
far better investment than any of the actual producer
related companies(yes there are some exceptions).

Gold companies are an example,the very reasons
people want to own gold and have bid the price
up,also drive up the costs of production,so there has
not been proportional gains in the companies
compared to gold itself.

Many think this will reverse,but until it does i'm
staying in futures,technicals on the hui and xau will
tell us when this happens.

This all applies back to farming and how are costs
may keep killing us to the point where our margins
don't actually change and the one earths of the world
will end up dying.

So obviously,i don't know how all this will land.

At any rate keeping prudent and managing risk like
we have always done is a great strategy.

Furrow,i know you and others have pointed this
philosophy out,i am just showing a quantitative
backing to the theory.

Trust me Eric Sprott is very aware of all this and the
last interview i seen he was pretty dismissive on
farmland,"you could maybe make the case for it" was
the quote i remember.

As far as indians,ya that must be fun,but at least
them dealing with them rather than the rest of us.

I wonder what the the stress levels of the farm
managers is dealing with the million little things and
know nothing employees.

[wd9]

Could it be showing a loss due to buying all the inputs with minimal sales?

Anyone have access to 2nd 3rd and 4th quarter profit loss from last year? Seems you would need a year of data to base any kind of discussion.

[furrowtickler]

Very good points cotton, and ya depends who you deal with, we farm a couple of 1/4's from natives and so far way better than some landlord stories ive heard localy. Always pay tour reant ahead of time and be straight foreward with them and dito back our way ..... so far. Things may change on next lease renewal after the retard express ran rents up by double but it will settle down i think shortly. Mother nature is taking care of that.

[furrowtickler]

Man my fingers cant spell....

[Hopperbin]

You can farm.

[Hopperbin]

My accountant puts the agristablility in the year I recieved it not the year it was meant for. Should I question that?

[Hopperbin]

WD9 a quarter means dick all on a grain farm. Gotta add up all 4 quarters in a row, what were they?

[Hopperbin]

All these quarters remind me of a joke.
3 year old asks 5 year old how many wives a man can have? 5 year old says 16, 4 better 4 worse 4 healthy 4 sicker