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copy, I don't think technicians mean much now. Somebody sold 7075 shares after hours at .9932, the bid. The bid before 4PM was no lower than $1.04. That might have cost the seller $331.11. Of course, in bid could have droped because of his trade, but it all went off at .9932.
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
Again I post this. In the big 2 and 1/2 year bear market from March 2000 to October 2002 The S&P 500 lost 50% of it's value. A basket of big food stocks I tracked were up 2 and 1/2% in the same months, plus dividends. No other group I can remember being up.
I add, I would not be surprised to see the market flat up the next 16 months with an election coming.
Me, not buying anything. I do like the RVNC chart. Could buy if it breaks the little 3 month declining resistance channel line.
https://stockcharts.com/h-sc/ui?s=RVNC&p=D&yr=1&mn=11&dy=0&id=p70721138779
Kraft Heinz enters US seasonings segment with Just Spices
My comment, McCormick(MKC) has had basically a monopoly on spices, worldwide, IMO
https://www.fooddive.com/news/kraft-heinz-just-spices-seasonings-us/648532/
Dive Brief:
Kraft Heinz is getting into the seasonings business, expanding its European brand Just Spices to the United States.
Kraft Heinz purchased an 85% stake in Just Spices last year. The brand, which features more than 170 seasoning blends for different meal occasions and diverse flavors, is mainly a direct-to-consumer brand in Europe. The initial U.S. launch includes 10 favorite products from the European lineup, and the company said the brand will begin in the direct-to-consumer channel.
Just Spices is part of Kraft Heinz’s Taste Elevation platform, which the company sees as one of its primary growth engines. According to the company’s presentation at the Consumer Analysts Group of New York conference in February, Kraft Heinz expects 25% growth in that platform by 2027.
Dive Insight:
When Kraft Heinz acquired the majority stake in trendy Germany-based Just Spices, officials praised the company’s strong connection with younger consumers, innovative positioning and its advanced analytics used to forecast future trends.
At the time that Kraft Heinz announced its pending acquisition of the brand, Just Spices had 1.6 million social media followers. The direct-to-consumer model and the brand’s relevance to Gen Z consumers helped the company collect useful data about what consumers wanted and innovate accordingly.
Just over a year later, Kraft Heinz is bringing the Just Spices product and business model to the United States.
“Bringing together Just Spices’ high-quality product, data and direct-to-consumer capabilities with Kraft Heinz’s scale and brand loyalty creates the perfect storm to disrupt the U.S. spice category as we know it,” Carlos Abrams-Rivera, the company’s executive vice president and president of North America said in a written statement.
Just Spices, founded in 2014 by a group of friends in Germany who wanted to improve on the offerings in the grocery store spice section, is not like most other seasoning companies. Just Spices specializes in customized blends that can be used to improve flavors for a wide variety of products or cuisines. In Europe, the company also sells recipe and seasonings kits to create flavorful dishes. Just Spices are available in some grocery stores, but about 70% of the company’s products are sold online.
The blends launching in the U.S. include Chicken Allrounder, Vegetable Allrounder, Pasta Allrounder, BBQ Allrounder, Salmon Allrounder and Caprese Allrounder — blends that can be used on any recipe using those base materials; Egg Topping and Avocado Topping — designed for any presentation of the protein staple and the green fruit; and Fajita Seasoning and Enchilada Seasoning — which can be used to create the popular Mexican dishes.
This is Kraft Heinz’s first foray into the North American seasonings market, which Statista estimates is worth $6 billion. Just Spices is similar enough to the options that consumers are familiar with to attract attention, but different enough to capture a different type of customer. Most seasonings are not sold direct-to-consumer, nor are there many large blended brands. Kraft Heinz’s press release about the launch says that Just Spices is “geared towards the needs of younger, flavor-forward families.”
If Kraft Heinz can transplant the success of Just Spices to the United States, the implications for the company could be farther reaching than just getting into a new category. The consumer data collected through Just Spices sales could help inform Kraft Heinz’s wider R&D team about new flavors and innovations to bring to some of its classic products in a new way. But Kraft Heinz could also use lessons learned through Just Spices to develop more of a direct-to-consumer presence for some of its more niche, premium or targeted products.
ADM earnings rise 11% behind strength in Ag Services unit
https://www.world-grain.com/articles/18424-adm-earnings-rise-11-behind-strength-in-ag-services-unit
CHICAGO, ILLINOIS, US — Buoyed by what the company’s chief executive officer called a “very, very strong quarter” in its Ag Services and Oilseeds business, overall income at Chicago-based ADM climbed 11% in the first quarter of fiscal 2023. Strength in Ag Services and Oilseeds helped offset softness in the company’s Carbohydrate Solutions and Nutrition segments during the period.
Net earnings attributable to ADM in the first quarter ended March 31 totaled $1.17 billion, equal to $2.12 per share on the common stock, up 11% from $1.05 billion, or $1.86 per share, in the same period a year ago.
Revenues for the first quarter increased 1.8%, climbing to $24.07 billion from $23.65 billion.
“Our performance demonstrates once again, the advantage of ADM’s uniquely integrated value chain and broad portfolio,” Juan Luciano, chairman, president and chief executive officer of ADM, said during an April 25 conference call with analysts. “Along with the team’s ability to respond nimbly to opportunities aligned to the three enduring trends of food security, health and well-being and sustainability. All of this was achieved in a fluid economic environment, where ripple effects are being felt from both inflationary and recessionary pressures, shifts in global demand and trade activity, and the ongoing war in Ukraine. Our team continues to find ways to rise above these challenges and meet our customers’ needs for consistency, quality and innovation at every turn, across our business units.
“We have wrapped up Q1 with a strong balance sheet, healthy cash flows, and we are on track for our 2023 and long-term strategic growth plans, and we continue to pursue growth opportunities and increase shareholder returns, in alignment with our disciplined capital allocation framework.”
Operating profit in the Ag Services and Oilseeds segment increased 20% in the first quarter of fiscal 2023, climbing to $1.21 billion from $1.01 billion. Ag Services profit rose 35% during the quarter to $348 million, while crushing profit decreased to $426 million from $428 million.
“In South American origination, excellent risk management and higher export demand due to the record Brazilian soybean crop drove significantly higher year-over-year results,” said Vikram Luthar, chief financial officer. “In North America, origination results were also higher, driven by stronger soybean exports. In global trade, solid margins and efficient execution led to strong results. Crushing results were in line with the first quarter last year.
“In North America, the team executed well, capitalizing on historically strong soybean and softseed crush margins that were supported by robust demand for renewable fuels. In EMEA, crush margins were lower year-over-year, as trade flows adjusted from the dislocations caused last year by the war in Ukraine. Additionally, there were approximately $240 million of positive timing effects during the quarter, which included both expected reversals of prior timing losses, as we executed the business as well as a positive impact of about $100 million pulled forward from future periods, as crush margins declined at the end of the quarter.”
Operating profit in the Carbohydrate Solutions segment decreased 14% in the first quarter to $273 million. Starches and sweeteners profit decreased 3% during the quarter, easing to $307 million from $316 million. Vantage Corn Processors sustained a loss of $34 million in the quarter, which compared with a profit of $1 million in the same period a year ago.
“The global wheat milling business posted much higher margins driven by robust customer demand,” Luthar said.
In the Nutrition segment, operating profit decreased 23% to $145 million in the first quarter of fiscal 2023, down from $189 million a year ago. Within the segment, human nutrition profit fell to $138 million from $141 million, while animal nutrition plummeted to $7 million from $48 million.
“Human nutrition results were in line with the first quarter of 2022, as the business continued to manage demand fulfillment challenges and destocking in certain categories,” Luthar said. “Flavors results were slightly lower than the prior year as strong results in EMEA were offset by lower results in North America. Specialty Ingredients results were higher year-over-year, driven by healthy margins. Health and Wellness was lower year-over-year.”
Despite some pockets of soft demand, Luciano said ADM is confident it will be able to deliver on its plans for 2023.
“Supply and demand shifts are allowing ADM to flex our integrated value chain in support of another strong year of results,” he said. “We continue to advance partnership agreements with major players across multiple industries. From regenerative agriculture to alternative proteins, to sustainable fuels, to plant-based industrial and personal care products. All of these partnerships are supporting ADM, as we evolve at pace with the external environment to capture new growth opportunities.
“We see accelerated upside emerging from product areas like biosolutions, expected to grow at double-digit rates, again this year. We have significant production capacity coming online within the year across our three businesses to support continued demand growth. And we’re driving forward the broad-based decarbonization agenda in our Decatur complex, which is unlocking both near-term and long-range value for our customers across multiple industries.”
I feel RIBT is a gold mine for a buyer, or buying parts of the company and worth much more than $1.50. In it's history since 2005, RIBT has never had a food production and or ingredient production CEO.
Brad Edson - He ended up in ankle bracelets
John Short - Sunglass CEO and ladies clothing CEO and BK experience.
Robert Smith - Scientist for a Lee County Florida nutraceutical company, that never put any product out. No management experience.
Brent Rystrom From CFO to CEO, no management experience.
Now, no CEO. Bradley an ingredient specialist was called Executive Chainman of the Board. And Mitchel took over as COO, no management experience, just finance.
This was an 18 year Board of Directors failure for not hiring anybody qualified in food or ingredient production. Any company buying RIBT or parts of it will be buying a gold mine, IMO.
So many opportunities have passed RIBT by>>>>>
Another new study>>>>
Designing and characterizing multicomponent, plant-based bigels of rice bran wax, gums, and monoglycerides
https://www.sciencedirect.com/science/article/pii/S0268005X22009456
New article out just before the buying might have cause the late trading today>>>>
RiceBran Technologies' (NASDAQ:RIBT) Shares Not Telling The Full Story
https://finance.yahoo.com/news/ricebran-technologies-nasdaq-ribt-shares-185246643.html
You may think that with a price-to-sales (or "P/S") ratio of 0.2x RiceBran Technologies (NASDAQ:RIBT) is a stock worth checking out, seeing as almost half of all the Food companies in the United States have P/S ratios greater than 0.9x and even P/S higher than 3x aren't out of the ordinary. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's limited.
Simply Wall St
Wed, April 19, 2023 at 1:52 PM CDT
You may think that with a price-to-sales (or "P/S") ratio of 0.2x RiceBran Technologies (NASDAQ:RIBT) is a stock worth checking out, seeing as almost half of all the Food companies in the United States have P/S ratios greater than 0.9x and even P/S higher than 3x aren't out of the ordinary. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's limited.
View our latest analysis for RiceBran Technologies
ps-multiple-vs-industry
ps-multiple-vs-industry
How RiceBran Technologies Has Been Performing
RiceBran Technologies certainly has been doing a great job lately as it's been growing its revenue at a really rapid pace. It might be that many expect the strong revenue performance to degrade substantially, which has repressed the P/S ratio. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.
We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on RiceBran Technologies' earnings, revenue and cash flow.
Is There Any Revenue Growth Forecasted For RiceBran Technologies?
There's an inherent assumption that a company should underperform the industry for P/S ratios like RiceBran Technologies' to be considered reasonable.
If we review the last year of revenue growth, the company posted a terrific increase of 34%. The latest three year period has also seen an excellent 76% overall rise in revenue, aided by its short-term performance. Therefore, it's fair to say the revenue growth recently has been superb for the company.
This is in contrast to the rest of the industry, which is expected to grow by 5.1% over the next year, materially lower than the company's recent medium-term annualised growth rates.
With this in mind, we find it intriguing that RiceBran Technologies' P/S isn't as high compared to that of its industry peers. It looks like most investors are not convinced the company can maintain its recent growth rates.
What We Can Learn From RiceBran Technologies' P/S?
Generally, our preference is to limit the use of the price-to-sales ratio to establishing what the market thinks about the overall health of a company.
Our examination of RiceBran Technologies revealed its three-year revenue trends aren't boosting its P/S anywhere near as much as we would have predicted, given they look better than current industry expectations. When we see strong revenue with faster-than-industry growth, we assume there are some significant underlying risks to the company's ability to make money which is applying downwards pressure on the P/S ratio. It appears many are indeed anticipating revenue instability, because the persistence of these recent medium-term conditions would normally provide a boost to the share price.
There are also other vital risk factors to consider and we've discovered 4 warning signs for RiceBran Technologies (2 are potentially serious!) that you should be aware of before investing here.
Of course, profitable companies with a history of great earnings growth are generally safer bets. So you may wish to see this free collection of other companies that have reasonable P/E ratios and have grown earnings strongly.
RIBT had about 30,000 shares traded about in the last hour before the close. Yesterday somebody was was raising the bid to get others to sell into him. Maybe a little inside info stuff? A deal can not come soon enough for me.
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
copy, that is more BS with the Deep State developing new strains of rice "They Say" will stop global warming, which we don't have anyway, more BS.
What they want is to make big money off the the new rice with a seed control monopoly.
I think we will see a divestiture next week. They are bringing in a man and his company that specializes in the rules, regulations, forms to fill out, etc. I think it is a done deal, the price? I have no idea. I have my hopes and fears. Nobody outside the company knows how good or bad Q1 was.
https://finance.yahoo.com/news/ricebran-technologies-names-william-j-200600370.htm
He only will make $4500 per month. If he as to be making a deal himself from scratch, he'd demand more, so deal is done, IMO.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1063537/000143774923009991/ribt20230410_8k.htm
I'd like $3.00 per share, but doubt that happens. With the stock rising, I guess $1.50 the lowest. But, I have never ever seen a divesture , when parts are sold to various parties. If just a normal sale, I doubt they'd bring in CXO Partners. Maybe Monday we get the story, that is when Keneally takes over the the CFO resigns.
Is there any evidence the plant-based sector can move from niche to mainstream?
11-Apr-2023 By Oliver Morrison
https://www.foodnavigator.com/Article/2023/04/11/is-there-any-evidence-the-plant-based-sector-can-move-from-niche-to-mainstream
The last paragraph sums it up better, but they won't let me paste it. It says private industry can't do it. Government help is needed, i.e. hide the real cost with tax paid research and infrastructure or basically subsidies, boo.?
Snippet:
Sales of plant-based foods across 13 European countries have grown by 22% since 2020 with the category reaching a record €5.7 billion, according to a new report. These options still make up a small fraction of the overall market, however.
I hope they have already tried a reverse merger with Riceland. They do not have a listing on any exchange. This would be a good chance for Riceland to get into oats and barley on the cheap.
Congrats Berrworld, you have been hot all around lately, WOW. I have not had a beer in 41 years, maybe I should start drinking them again and maybe win one of these.
I did not do well on the Masters, but felt I won since a LIVer did not win. They fled the PGA like divorcing their wife after many years, then sneak back to rape her and steal her purse? In their defense, the PGA must have been ripping off the players since they drastically raised the purses after LIV was formed. Yes, I got mixed emotions. This is like the AFL/NFL in the late 60's. The two will have to merge and a new world type PGA monopoly will be formed and the players, except for a few will make less again? One time rant, will leave alone now.
Appreciate you posts GO4AWILDRIDE, keep them coming/
Appreciate you posts GO4AWILDRIDE, keep them coming/
Just in, the Biden administration will block the reverse Tik Tok/RIBT merger unless China gives his son Hunter more money. All this is rumor, I try not to give too much credibility to this buy you never know
Carl, you might be a bit low. TikTok wants to do a reverse merger with RIBT so they can get a NASDZAQ listing.
Mcllroy, Burns, Hoge, Hovland, Cam Young
273
Thanks for all your do for us Eli's
Heard this in a while Larry, fun video>>>>
https://www.youtube.com/watch?v=Uxp6OG8izQg&ab_channel=HDFilmTributes
Unfortunately the list supports the name of Dew's board, "The Rising Influence of Rising Affluence". The big money is taking over many of those points.
RIBT, I believe it will be sold. I'd be thrilled with $3, $2 OK, below $2...... oh well. The last three days some nice buys and raised bids getting their bids. It would be crazy to make big buys before a buyout, SEC might wonder. My guess it is close and a few know.. If so, I might get $2. I still hope for a miracle. I am not buying, BK still possible, like chapter 11. RIBT had a Chapter 11 like 10/12 years ago, same thing happens here. here and the stock goes to .25, but hope for better after that.
Italy’s ban on cultivated meat could set the industry back
https://techcrunch.com/2023/03/28/italy-ban-cultivated-meat/
Just when the U.S. government was getting more comfortable with the concept of cultivated meat, the Italian government put forth a bill banning the use of lab-grown food.
The process of making cultivated meat includes a method, like precision fermentation in a laboratory, that uses animal cells without slaughtering the animals.
Reuters reported that the bill “aims to safeguard the country’s agri-food heritage,” according to the country’s agriculture minister, Francesco Lollobrigida, who also said, “Laboratory products in our opinion do not guarantee quality, well-being and the protection of our culture, our tradition.”
The bill will now go in front of parliament, and if passed, any violation of the law in the future could result in fines of up to €60,000, or about $65,000.
In a response to the proposed ban, Cellular Agriculture Europe called it “bad public policy,” and that it would “reduce consumers’ ability to choose the food they want,” especially new products for those “who are concerned about animal welfare and the environmental impact of their food.”
Currently, Singapore is the only country allowing sales of cultivated chicken. Good Meat was the first company to get approval to sell its cultivated chicken product there and received a U.S. Food and Drug Administration clearance last week, joining Upside Foods, as the only two companies to move to the next stage of commercializing their products in the U.S.
Dozens of companies, both in the U.S. and elsewhere, are not far behind in getting cultivated, or cell-cultured, meat products on the market. In the U.S., these companies have to receive approval from both the FDA and U.S. Department of Agriculture before commercializing their products in this country.
Italy’s ban on cultivated meat could set the industry back
https://techcrunch.com/2023/03/28/italy-ban-cultivated-meat/
Just when the U.S. government was getting more comfortable with the concept of cultivated meat, the Italian government put forth a bill banning the use of lab-grown food.
The process of making cultivated meat includes a method, like precision fermentation in a laboratory, that uses animal cells without slaughtering the animals.
Reuters reported that the bill “aims to safeguard the country’s agri-food heritage,” according to the country’s agriculture minister, Francesco Lollobrigida, who also said, “Laboratory products in our opinion do not guarantee quality, well-being and the protection of our culture, our tradition.”
The bill will now go in front of parliament, and if passed, any violation of the law in the future could result in fines of up to €60,000, or about $65,000.
In a response to the proposed ban, Cellular Agriculture Europe called it “bad public policy,” and that it would “reduce consumers’ ability to choose the food they want,” especially new products for those “who are concerned about animal welfare and the environmental impact of their food.”
Currently, Singapore is the only country allowing sales of cultivated chicken. Good Meat was the first company to get approval to sell its cultivated chicken product there and received a U.S. Food and Drug Administration clearance last week, joining Upside Foods, as the only two companies to move to the next stage of commercializing their products in the U.S.
Dozens of companies, both in the U.S. and elsewhere, are not far behind in getting cultivated, or cell-cultured, meat products on the market. In the U.S., these companies have to receive approval from both the FDA and U.S. Department of Agriculture before commercializing their products in this country.
Thirteen trends driving change in food and agriculture production
https://www.foodbusinessnews.net/articles/23514-thirteen-trends-driving-change-in-food-and-agriculture-production
LA QUINTA, CALIF. — The buying and selling of farm equipment is often seen as an indicator of the overall health of the agricultural economy, and this type of data may provide insight into industry leanings. The Futures Council for the Association of Equipment Manufacturers (AEM) developed a report using this data and other research to identify the 13 trends in agriculture that are expected to greatly impact the ag sector and how food is produced in the future. Curt Blades, senior vice president for industry sectors and product leadership at AEM, recently shared these trends at the National Grain and Feed Association (NGFA) convention in La Quinta, Calif.
“We don’t have to agree with them, but we certainly need to be paying attention to them,” Mr. Blades said, noting some of the trends will have a dramatic impact on the grain and feed industry while others were more adjacent to the industry but were still important to consider.
1. Produce more with less environmental impact
“The population is expected to grow by 2.2 billion people by 2050, but at the same time, there is an increasing amount of pressure to lower our environmental impact,” Mr. Blades said. He pointed to advancing genetics, intentional stewardship and improving mechanics through precision agriculture as key ways to expand production without increasing the environmental load.
2. Optimization of water use
“We’ve got a water problem in the world and certainly in the United States,” Mr. Blades said, adding that agriculture often bears the brunt of the blame for water shortage issues.
“We’ve got some work to do in terms of how we monitor and how we irrigate,” he said.
3. Increased global demand for protein
While discussions about lab-grown meat and plant-based products have gained solid market traction, Mr. Blades said there was no indication demand for animal protein would decrease. In fact, it was projected to double by 2050, he said.
“It’s going to look a little different,” he acknowledged, adding that other products will continue to play an important role in the demand for protein. “But despite all the other headlines you’re going to read, there’s no bit of research that points to the fact that animal protein is not expected to continue on the upward swing for the foreseeable future.”
4. Shorter food supply chain
“It just makes a whole lot more sense to raise your lettuce close to where you’re consuming it because, otherwise, you’re just shipping water,” Mr. Blades said, recognizing how vertical farming initiatives and greenhouse growing systems have fundamentally changed the farming landscape, especially for leafy green vegetables. He also said many lessons were learned from the production successes of the marijuana industry.
“That technology is easily transferable into fruits and vegetables, probably not so much row crops, but there is a lot of interesting things we can learn (from the underground marijuana industry) that can absolutely translate into the food supply chain being dramatically different tomorrow than it is today,” he said.
5. Geographic shifts in production
For different reasons, both genetic advances and climate changes have allowed crops to grow in places they couldn’t grow previously, but the changes are opening possibilities for farmers to diversify.
“It’s a simple reality that the Corn Belt is moving further and further north, and the grain industry needs to prepare for this geographic shift in crop production,” Mr. Blades said.
6. Advanced food traceability helps maintain consumer trust
“If you talk to anyone that is close to consumers, they are demanding traceability and they’re voting with their wallets,” Mr. Blades said, affirming that one of traceability’s main purposes is to improve consumer trust, which has been marred in the past by concerns about food safety and food security. He encouraged businesses to be prepared to provide that traceability if they want to participate in future markets.
7. Farmers adjust in response to emission regulation
Mr. Blades confirmed there was plenty of pressure within the agricultural industry to reduce its carbon footprint, which may lead to targeted investments in equipment and vehicle upgrades to more sustainable alternatives, which might pressure bottom lines.
8. Efforts to decarbonize create adjacent economies
Mr. Blades said the US Department of Agriculture is actively pursuing opportunities to establish multiple income streams at singular farm operations by supporting the development of adjacent industries, especially for carbon markets where farmers could generate and sell carbon credits to private sector buyers.
“We don’t know how it’s going to end, but we certainly know there are going to be industries adjacent to the grain industry that will have dramatic impact on what’s happening in our world today, and we just have to be prepared for it,” he said.
9. Connectivity gap narrows
“All of the promise that we have within precision agriculture relies on constant connectivity of the internet,” Mr. Blades said.
He asked convention attendees to think about the fundamental impact smartphones have had on people’s lives, but many farmers are restricted from capitalizing on this innovative technology because the connectivity has not been available. According to the AEM report, only 25% of farms in the United States currently use connected equipment or devices to access data.
“I think we can only imagine the computing power that comes out of these tractors that’s currently contained inside that tractor and then all of a sudden it’s connected to the cloud, and every other tractor is connected to the cloud,” he said. “It’s amazing what’s going to come out of that.”
10. Artificial intelligence enables insight-driven farming
Mr. Blades said AI was making significant strides and was expected to influence the agricultural industry from both a productivity and sustainability standpoint. Some examples cited in the AEM report include real-time crop condition analysis, maintenance prediction systems and auto-harvesting robots.
11. Resources pour into cybersecurity
“If you haven’t been the victim of a cybersecurity attack yet, well then you’re going to be, so you need to get ready for it,” Mr. Blades said, encouraging attendees to tighten up their cyber security efforts as much as possible since the majority of data breaches result from weak links that often are overlooked. Adherence to security standards will become increasingly vital as farm operations transition to digital platforms.
12. Farm ownership models change
“We used to always joke that the average landowner in Iowa is an 82-year-old widow,” Mr. Blades said, adding, “I don’t know if that’s exactly correct, but it’s probably not too terribly far from the truth.”
For the first time in generations, farm businesses were increasingly being separated from the land, allowing non-operator landlords, typically retired farmers who were unable to successfully pass their operations to subsequent generations, to claim ownership while outside parties can invest in and produce on the land.
13. New business models emerge
“You don’t have to look very far to see the money that is being poured into agriculture,” Mr. Blades said.
Corporations with previously limited or no association to agriculture have begun investing in the sector at an accelerating pace and will likely influence, and eventually evolve, current systems.
“At some point that is going to change everything we’re used to within this industry, and new business models are going to emerge, and I don’t know if that’s a positive or a negative, but it’s certainly an interesting thing for us to pay attention to,” he said.
Thirteen trends driving change in food and agriculture production
https://www.foodbusinessnews.net/articles/23514-thirteen-trends-driving-change-in-food-and-agriculture-production
LA QUINTA, CALIF. — The buying and selling of farm equipment is often seen as an indicator of the overall health of the agricultural economy, and this type of data may provide insight into industry leanings. The Futures Council for the Association of Equipment Manufacturers (AEM) developed a report using this data and other research to identify the 13 trends in agriculture that are expected to greatly impact the ag sector and how food is produced in the future. Curt Blades, senior vice president for industry sectors and product leadership at AEM, recently shared these trends at the National Grain and Feed Association (NGFA) convention in La Quinta, Calif.
“We don’t have to agree with them, but we certainly need to be paying attention to them,” Mr. Blades said, noting some of the trends will have a dramatic impact on the grain and feed industry while others were more adjacent to the industry but were still important to consider.
1. Produce more with less environmental impact
“The population is expected to grow by 2.2 billion people by 2050, but at the same time, there is an increasing amount of pressure to lower our environmental impact,” Mr. Blades said. He pointed to advancing genetics, intentional stewardship and improving mechanics through precision agriculture as key ways to expand production without increasing the environmental load.
2. Optimization of water use
“We’ve got a water problem in the world and certainly in the United States,” Mr. Blades said, adding that agriculture often bears the brunt of the blame for water shortage issues.
“We’ve got some work to do in terms of how we monitor and how we irrigate,” he said.
3. Increased global demand for protein
While discussions about lab-grown meat and plant-based products have gained solid market traction, Mr. Blades said there was no indication demand for animal protein would decrease. In fact, it was projected to double by 2050, he said.
“It’s going to look a little different,” he acknowledged, adding that other products will continue to play an important role in the demand for protein. “But despite all the other headlines you’re going to read, there’s no bit of research that points to the fact that animal protein is not expected to continue on the upward swing for the foreseeable future.”
4. Shorter food supply chain
“It just makes a whole lot more sense to raise your lettuce close to where you’re consuming it because, otherwise, you’re just shipping water,” Mr. Blades said, recognizing how vertical farming initiatives and greenhouse growing systems have fundamentally changed the farming landscape, especially for leafy green vegetables. He also said many lessons were learned from the production successes of the marijuana industry.
“That technology is easily transferable into fruits and vegetables, probably not so much row crops, but there is a lot of interesting things we can learn (from the underground marijuana industry) that can absolutely translate into the food supply chain being dramatically different tomorrow than it is today,” he said.
5. Geographic shifts in production
For different reasons, both genetic advances and climate changes have allowed crops to grow in places they couldn’t grow previously, but the changes are opening possibilities for farmers to diversify.
“It’s a simple reality that the Corn Belt is moving further and further north, and the grain industry needs to prepare for this geographic shift in crop production,” Mr. Blades said.
6. Advanced food traceability helps maintain consumer trust
“If you talk to anyone that is close to consumers, they are demanding traceability and they’re voting with their wallets,” Mr. Blades said, affirming that one of traceability’s main purposes is to improve consumer trust, which has been marred in the past by concerns about food safety and food security. He encouraged businesses to be prepared to provide that traceability if they want to participate in future markets.
7. Farmers adjust in response to emission regulation
Mr. Blades confirmed there was plenty of pressure within the agricultural industry to reduce its carbon footprint, which may lead to targeted investments in equipment and vehicle upgrades to more sustainable alternatives, which might pressure bottom lines.
8. Efforts to decarbonize create adjacent economies
Mr. Blades said the US Department of Agriculture is actively pursuing opportunities to establish multiple income streams at singular farm operations by supporting the development of adjacent industries, especially for carbon markets where farmers could generate and sell carbon credits to private sector buyers.
“We don’t know how it’s going to end, but we certainly know there are going to be industries adjacent to the grain industry that will have dramatic impact on what’s happening in our world today, and we just have to be prepared for it,” he said.
9. Connectivity gap narrows
“All of the promise that we have within precision agriculture relies on constant connectivity of the internet,” Mr. Blades said.
He asked convention attendees to think about the fundamental impact smartphones have had on people’s lives, but many farmers are restricted from capitalizing on this innovative technology because the connectivity has not been available. According to the AEM report, only 25% of farms in the United States currently use connected equipment or devices to access data.
“I think we can only imagine the computing power that comes out of these tractors that’s currently contained inside that tractor and then all of a sudden it’s connected to the cloud, and every other tractor is connected to the cloud,” he said. “It’s amazing what’s going to come out of that.”
10. Artificial intelligence enables insight-driven farming
Mr. Blades said AI was making significant strides and was expected to influence the agricultural industry from both a productivity and sustainability standpoint. Some examples cited in the AEM report include real-time crop condition analysis, maintenance prediction systems and auto-harvesting robots.
11. Resources pour into cybersecurity
“If you haven’t been the victim of a cybersecurity attack yet, well then you’re going to be, so you need to get ready for it,” Mr. Blades said, encouraging attendees to tighten up their cyber security efforts as much as possible since the majority of data breaches result from weak links that often are overlooked. Adherence to security standards will become increasingly vital as farm operations transition to digital platforms.
12. Farm ownership models change
“We used to always joke that the average landowner in Iowa is an 82-year-old widow,” Mr. Blades said, adding, “I don’t know if that’s exactly correct, but it’s probably not too terribly far from the truth.”
For the first time in generations, farm businesses were increasingly being separated from the land, allowing non-operator landlords, typically retired farmers who were unable to successfully pass their operations to subsequent generations, to claim ownership while outside parties can invest in and produce on the land.
13. New business models emerge
“You don’t have to look very far to see the money that is being poured into agriculture,” Mr. Blades said.
Corporations with previously limited or no association to agriculture have begun investing in the sector at an accelerating pace and will likely influence, and eventually evolve, current systems.
“At some point that is going to change everything we’re used to within this industry, and new business models are going to emerge, and I don’t know if that’s a positive or a negative, but it’s certainly an interesting thing for us to pay attention to,” he said.
$RIBT Some bigger buy volume coming in at the ask, buyout PR coming soon?
26 to 1 ask over bid
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
>>> Cultured meat firm resurrects woolly mammoth in lab-grown meatball
Tech Crunch
by Paul Sawers
3-28-23
https://www.msn.com/en-us/news/technology/cultured-meat-firm-resurrects-woolly-mammoth-in-lab-grown-meatball/ar-AA19aVqD?OCID=ansmsnnews11
Truth, as the saying goes, is often stranger than fiction. The very notion of resurrecting the long-extinct woolly mammoth was the stuff of fantasy not that long ago, but scientists are already working on ways to achieve something close to that, using DNA from soft-tissue in frozen mammoth remains and meshing it with that of a modern-day elephant.
But while such “de-extinction” projects may or may not ultimately succeed, one company is already laying claim to having produced the first meat product made from mammoth DNA.
Vow, an Australian cultivated food company that creates meat in a laboratory setting from animal cells, says that it has used advanced molecular engineering to resurrect the woolly mammoth in meatball form, by combining original mammoth DNA with fragments of an African elephant’s DNA.
There’s little question that cultivated meat is coming, evidenced by the countless companies raising vast swathes of venture capital funding to produce meat and fish in a lab from animal cells, as well as the fact that companies are now starting to receiving the blessings of regulators such as the U.S. Food and Drug Administration (FDA). But while pork sausages and seafood make sense insofar as they are food that people are familiar with, Vow — which closed a $49.2 million round of funding just a few months ago — is clearly upping the ante with its foray into the world of extinct animals.
It’s worth acknowledging that there is a sizeable element of marketing magicianship to this announcement. The very concept was devised by communications agency and WPP-subsidiary Wunderman Thompson, which tells us something about the intent here — this is very much a promotional campaign for Vow. But at the same time, it’s also a promotional campaign for cultured meat in general, and the role it could play in creating a sustainable protein source that doesn’t involve killing animals. By some estimations, around 60% of greenhouse gas emissions from food production emanate from animal-based foods, double that of plant-based equivalents.
“The goal behind creating the mammoth meatball was really about starting that discussion around food, and what that decision to eat meat really means to the world at large, by bringing an extinct protein back to life,” James Ryall, Vow’s chief science officer, said in a video promoting the mammoth meatball.
Ryall said that the company first identified the mammoth myoglobin, a protein that is key to giving meat its color and taste, and then used publicly available data to identify the DNA sequence in mammoths.
“We filled in any gaps in the DNA sequence of this mammoth myoglobin gene, by using the genome of the African elephant, the mammoth’s closest living relative,” Ryall said. “We inserted the mammoth myoglobin gene into our cells using a very low-current and high-voltage charge. Then we continued to grow and multiply these cells just as would occur in a mammoth thousands of years ago. And the amazing thing about this is that not a single animal needed to die to produce the mammoth meatball.”
This isn’t the first time scientists have created food products from extinct animals. Back in 2018, a VC-backed Silicon Valley startup called Geltor made gummies using protein from a mastodon, another distant relative of elephants. However, in this latest instance, it’s believed that nobody has actually tasted one of the mammoth meatballs. Speaking to the Guardian newspaper, Professor Ernst Wolvetang, from the Australian Institute for Bioengineering at the University of Queensland which worked with Vow in this project, suggested that it’s probably not safe to try the meatball just now.
“We haven’t seen this protein for thousands of years,” Wolvetang said. “So we have no idea how our immune system would react when we eat it. But if we did it again, we could certainly do it in a way that would make it more palatable to regulatory bodies.”
The mammoth meatball is set to be officially unveiled at Nemo Science Museum in the Netherlands today.
Cultured meat firm resurrects woolly mammoth in lab-grown meatball by Paul Sawers originally published on TechCrunch
From gfp
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171558839
Mike Trout, Tiger Woods team up to build golf course in New Jersey
Video in the link
https://sports.yahoo.com/mike-trout-tiger-woods-team-153817831.html
Two heavy hitters in two different sports are combining forces on a new venture -- an 18-hole championship golf course in southern New Jersey.
The idea was the brainchild of three-time American League Most Valuable Player Mike Trout, who grew up in Millville, N.J., not far from the site of the planned course, Trout National -- The Reserve.
The designer is none other than 15-time major champion Tiger Woods, whom Trout says was favorite golfer growing up.
“I thought it would be pretty cool to reach out," Trout said, according to Sports Illustrated. We reached out, got a positive vibe when we mentioned it and got his team down to the site. Once Tiger’s team came down to the site, they loved it. It’s surreal. I mean, it’s friggin’ Tiger!"
Trout learned to play the game in high school, tagging along with his father. He told Sports Illustrated he now carries a handicap of "seven or eight," and he usually hits his drives 330-360 yards "when I'm not letting it go."
Trout and Woods plan to have the course -- located in Vineland, N.J., 45 minutes south of Philadelphia -- open for member play in 2025.
It's expected to have a signature hole with an island green, as the promotional video Trout released on Monday teased.
"Baseball always is my number one priority," Trout said. "I just enjoy golf. It’s a great mental getaway from the game.”
“My favorite golfer growing up obviously was Tiger,” Trout says.
$RIBT Is now the time for RIBT to get an SPAC with a legitimate Chinese company wanting a USA listing? I have no idea if one would work, just a thought.
I enjoy watching Scheffler and his nice smooth straight drives when he is in contention. Spieth, oh well. Schenk just hit a wild drive too.
Yep, that is kind of what they did. I remember when Hazeltine was built in Minnesota in the 60's and it had a couple of 600 yard par 5's and all the bitching from some of the players. A public course in the mid 60's I played on for my HS golf team had 2 back to back par 4's under 300 yards. New ones are definitely longer already and more have women, men's and now championship tees, compare to the 60's.
Justin Thomas read my post comparing a modified golf ball for PGA golfers is like raising the NBA hoop to 13 feet, same as I said, lol.
OK, yes , if Thomas reads this board, he only reads Eli's Gone and Seminole Red's posts only -:)
https://sports.yahoo.com/justin-thomas-slams-usga-ra-proposal-to-modify-golf-balls-and-limit-distances-its-so-bad-224406542.html
People are running faster, so what are they just going to make the length of a mile longer so that the fastest mile time doesn’t change? Or are they going to put the NBA hoop at 13 feet because people can jump higher now?” Thomas asked.
I am surprised SMR's don't get more play here. It sounds to me that nuclear power sources will last more years than lithium or oil supplies. And even going back to big nuclear power plants?
Am I wrong there?
https://www.energy.gov/ne/advanced-small-modular-reactors-smrs
Advanced Small Modular Reactors (SMRs) are a key part of the Department’s goal to develop safe, clean, and affordable nuclear power options. The advanced SMRs currently under development in the United States represent a variety of sizes, technology options, capabilities, and deployment scenarios. These advanced reactors, envisioned to vary in size from tens of megawatts up to hundreds of megawatts, can be used for power generation, process heat, desalination, or other industrial uses. SMR designs may employ light water as a coolant or other non-light water coolants such as a gas, liquid metal, or molten salt.
Advanced SMRs offer many advantages, such as relatively small physical footprints, reduced capital investment, ability to be sited in locations not possible for larger nuclear plants, and provisions for incremental power additions. SMRs also offer distinct safeguards, security and nonproliferation advantages.
The Department has long recognized the transformational value that advanced SMRs can provide to the nation’s economic, energy security, and environmental outlook. Accordingly, the Department has provided substantial support to the development of light water-cooled SMRs, which are under licensing review by the Nuclear Regulatory Commission (NRC) and will likely be deployed in the late 2020s to early 2030s. The Department is also interested in the development of SMRs that use nontraditional coolants such as liquid metals, salts, and gases for the potential safety, operational, and economic benefits they offer.
Advanced SMR R&D Program
Building on the successes of the SMR Licensing Technical Support (LTS) program, the Advanced SMR R&D program was initiated in FY2019 and supports research, development, and deployment activities to accelerate the availability of U.S.-based SMR technologies into domestic and international markets. Significant technology development and licensing risks remain in bringing advanced SMR designs to market and government support is required to achieve domestic deployment of SMRs by the late 2020s or early 2030s. Through this program, the Department has partnered with NuScale Power and Utah Associated Municipal Power Systems (UAMPS) to demonstrate a first-of-a-kind reactor technology at the Idaho National Laboratory this decade. Through these efforts, the Department will provide broad benefits to other domestic reactor developers by resolving many technical and licensing issues that are generic to SMR technologies, while promoting U.S. energy independence, energy dominance, and electricity grid resilience, and assuring that there is a future supply of clean, reliable baseload power.
U.S. Industry Opportunities for Advanced Nuclear Technology Development
The Department issued a multi-year cost-shared funding opportunity (U.S. Industry Opportunities for Advanced Nuclear Technology Development, DE-FOA-0001817) in 2018 to support innovative, domestic nuclear industry-driven concepts that have high potential to improve the overall economic outlook for nuclear power in the United States. This funding opportunity will enable the development of existing, new, and next-generation reactor designs, including SMR technologies.
The scope of the funding opportunity is very broad and solicits activities involved in finalizing the most mature SMR designs; developing manufacturing capabilities and techniques to improve cost and efficiency of nuclear builds; developing plant structures, systems, components, and control systems; addressing regulatory issues; and other technical needs identified by industry. The funding opportunity will provide awards sized and tailored to address a range of technical and regulatory issues impeding the progress of advanced reactor development. Read more on the FOA. Also, see the awards that have been selected to date.
Or a thought that fits the closing line in the CC, selling each unit individually could get them even more money than selling the company as a whole.?
"These alternatives are at various stages of review"
Or if they could get rid of Dillon they might even make a profit?
$RIBT to be sold or merged? If one reads the last paragraph of the CC it sounds like RIBT is already in a quiet period meaning a deal of some sort is in the works. With management getting paid in warrants priced at "0". and as of last June BOD's getting paid in stock and warrants priced at "0" they certainly want the stock as high as possible. It sounds like if they got rid of Dillon. the company is making a profit. If they could sell it that might be enough. But do they need a quiet period for that?
Last paragraph of the CC>>>>>
Bradley>>>
The Board is in the midst of a strategic review of all the possibilities for RiceBran Technologies. These alternatives are at various stages of review. And given the sensitive nature of this process, I am currently unable to provide any further details. I'd like to thank everybody for their attention, and I'll turn it back to the operator.
https://finance.yahoo.com/news/q4-2022-ricebran-technologies-earnings-093646340.html
$RIBT CC>>>>
https://finance.yahoo.com/news/q4-2022-ricebran-technologies-earnings-093646340.html
Participants
Peter G. Bradley; Executive Chairman & Acting Principal Executive Officer; RiceBran Technologies
Todd Travis Mitchell; COO, CFO & Secretary; RiceBran Technologies
Jeff Stanlis; VP; FNK IR LLC
Presentation
Operator
Greetings, and welcome to the RiceBran Technologies Fourth Quarter and Full Year 2022 Earnings Call and Webcast. (Operator Instructions) As a reminder, this conference is being recorded. And I will now turn the conference over to your host, Mr. Jeff Stanlis of FNK IR. Sir, the floor is yours.
Jeff Stanlis
Thank you. Good afternoon, everyone, and welcome to the RiceBran Technologies Fourth Quarter 2022 Financial Results Conference Call. Hosting the call today are Peter Bradley, Executive Chairman; and Todd Mitchell, RiceBran's Technologies Chief Operating Officer and Chief Financial Officer.
I want to remind participants that during the call, management's prepared remarks may contain forward-looking statements that are subject to risks and uncertainties. Therefore, the company claims protection under the safe harbor for forward-looking statements as contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from results discussed today, and therefore, we refer you to a more detailed discussion of these risks and uncertainties in the company's filings with the SEC.
In addition, any projections as to the company's future performance represented by management include estimates as of today, March 16, 2023, and the company assumes no obligation to update these projections in the future as market conditions change.
The webcast and certain financial information provided in the call, including reconciliations of non-GAAP financial measures to comparable GAAP financial measures are available at www.ricebrantech.com on the Investor Relations page. At this time, I would like to turn the call over to Peter. Peter, please go ahead.
Peter G. Bradley
Thank you, Jeff, and good morning -- and good afternoon to everyone. 2022 was a year of both great progress and significant challenges. Notably, we entered into an agreement with Gander Foods with respect to our rice milling operations. And for the first time, Golden Ridge delivered a full quarter of positive contribution to adjusted EBITDA in the fourth quarter.
Additionally, MGI delivered strong revenue and profit contribution growth. Particularly pleasing was the momentum was maintained in the fourth quarter despite challenges with completing a major capital project at the mill. MGI now has 50% more capacity and a broader range of manufacturing capabilities, providing a solid platform for growth.
The Core-SRB business held its own, delivering double-digit revenue growth and maintained its profit contribution. The benefits of the revenue growth and solid pricing action, though, were offset by both higher raw material and operating costs.
While we've been able to grow volume through aggressive sales efforts we were unable to maintain our engagement with the previously disclosed new customers in the pet food category because we were unable to resolve certain technical performance issues.
The added value derivatives business, though had a tough year. The raw material and processing challenges, which materially impacted in the first half of the year, and led to the inability to meet market demand, resulting in customer losses accentuated by increased competition in the derivatives category.
Now let me turn the call over to Todd to discuss the results.
Todd Travis Mitchell
Thank you, Peter. Good afternoon, everyone. We delivered another $10 million plus quarter with year-over-year growth of 32% in the fourth quarter and 34% for the year. Both mills are executing very well and Core-SRB sales grew double digits for 4 quarters in a row. However, while adjusted EBITDA losses declined sequentially and year-over-year in the fourth quarter, largely due to a significant improvement at Golden Ridge. Results were below our expectations for both the quarter and the year.
Looking at the numbers in greater detail. Revenue. Total revenue was $10.6 million in the fourth quarter of 2022, a 32% increase from $8 million in the fourth quarter of 2021. Total revenue was $41.6 million in 2022, a 34% increase from just over $31 million in 2021. Growth for the quarter and for the year was led by Golden Ridge and MGI and helped by double-digit gains in Core-SRB sales offset by a decline in value-add SRB derivative sales.
Gross losses. Gross losses were $87,000 in the fourth quarter of 2022, down from gross losses of $170,000 a year ago. Gross losses were $759,000 for the full year 2022, a $1.2 million decline from gross profits of $442,000 in 2021. Gross losses for the quarter and for the year were driven by a decline in contribution margin from value-add SRB derivative sales. offset in part by improved results from Golden Ridge and MGI.
SG&A. SG&A in the fourth quarter declined 5% to $1.5 million from $1.6 million a year ago. Total SG&A for the year declined 6% to $6.7 million from $7.1 million in 2021. Lower SG&A for the quarter and for the year was driven by a reduction in director compensation and corporate expenses, with the latter primarily due to lower support staff compensation and benefits from subletting our corporate headquarters.
Operating losses. Operating losses declined 71% in the fourth quarter to $1.6 million from operating losses of $5.6 million in the fourth quarter of 2021. Operating losses for the year fell 31% to $7.3 million from $10.6 million in 2021. Operating losses in the fourth quarter and full year of 2021 included $3.9 million in noncash charge for goodwill impairment.
Net losses. Net loss for the quarter was $1.7 million or $0.28 per share compared to a net loss of $5.4 million or $1.04 per share a year ago. Net loss for the full year was $7.9 million or $1.42 per share compared to a net loss of just under $9 million or $1.87 per share in 2021. Net losses in 2021 included a gain of $1.8 million in the first quarter or forgiveness of the SBA PPP loan and the aforementioned $3.9 million charge in the fourth quarter for goodwill impairment.
Adjusted EBITDA. Adjusted EBITDA losses were $654,000 in the fourth quarter compared to adjusted EBITDA losses of $806,000 in the fourth quarter of 2021. Adjusted EBITDA losses for the full year were $3.8 million in the fourth quarter -- I'm sorry, for the full year compared to adjusted EBITDA losses of $2.9 million for 2021.
Lower losses in the fourth quarter stemmed from a significant improvement in contribution from Golden Ridge, while the decline for the year reflected the decline in contribution from our value-add SRB derivatives business.
Cash. Total cash was $3.9 million at the end of the year, down from $5.8 million at the end of 2021 and $4.4 million at the end of the third quarter of 2022. With that, I'll turn the call back to Peter for closing comments.
Peter G. Bradley
Thanks, Todd. Despite the progress in parts of the company in 2022, notably in the rice and specialty milling businesses, the Core-SRB has not moved forward as we wanted it to and the value-added derivatives business continues to suffer major market and operational challenges. Accordingly, we were not able to achieve the goal of positive adjusted EBITDA.
The Board is in the midst of a strategic review of all the possibilities for RiceBran Technologies. These alternatives are at various stages of review. And given the sensitive nature of this process, I am currently unable to provide any further details. I'd like to thank everybody for their attention, and I'll turn it back to the operator.
Operator
Thank you. Ladies and gentlemen, this does conclude today's conference call. You may disconnect your lines at this time, and have a wonderful day, and we thank you for your participation.
I am afraid RIBT will be sold. At their CC today, it was short and closed with like "We can't say anymore do to ongoing discussions". And those were probably waiting for the Q4 to become official. They had a 32% revenue increase, but their yeast replacement made for rice bran fell through.
Book value at the end of Q3 was $2.50. I can guess now below $2. I have no idea how much above book value a buyout can go for. With revenues increasing, well, that might help.
https://greenstocknews.com/news/nasdaq/ribt/ricebran-technologies-reports-fourth-quarter-2022-results
The sad thing is the company never looked better listening to the Q2 CC. The yeast replacement for the pet food was the bright spot and the downfall when it did not work out. It sure sounded like defeat, either sale or merger is my guess. The stock is not crashing, so guessing any form of BK is not an option.
My Q1 is all speculation.