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

[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.

[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!