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

**wilagro** · Jun 14, 2012, 20:24

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** · Jun 14, 2012, 20:31

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** · Jun 14, 2012, 20:32

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** · Jun 14, 2012, 21:13

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** · Jun 14, 2012, 21:15

Short them!

**farmaholic** · Jun 14, 2012, 22:07

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** · Jun 14, 2012, 22:18

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

click on digital editions. Read it for free

**JDGreen** · Jun 14, 2012, 22:34

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

**riders2010** · Jun 14, 2012, 23:42

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

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