ProGreen US Inc. (fka PGUS)

[Davis_Elite]

That's only on 40 ha for the first grow cycle of red peppers.
1 Million

Plus the other 1\3 of that trac

But there is opportunity for more than 1 grow cycle per year lets say this is on the land end of march and harvest starts July first and lasts thru August they could have more plants in the green house ready to go when these come off the ground.

So on an average there could be 2 to 3 growing cycles per year depending on produce type and time planted.

As more buyers are coming online, we are likely to accelerate further preparation of additional land for the growing operations in order to satisfy the increasing commitments, starting with the 760 HA* (1,900 acres) tract for which we have made the access road, referred to in the previous announcement in May.

8x time more land that another 8 million

We currently have approximately 14,000 acres under our control through joint venture agreements, of which we estimate up to 4,500-5,000 acres may be farmable, as follows:

300 Acres – first tract, 150 acres cleared and farmable with wells drilled, a proven abundance of water; Contel has commenced operations to begin growing produce for U.S. importers

1,900 Acres – second tract, of which we estimate 500-800 acres could be farmable; 11-mile access road has been completed

12,000 Acres – 3 year option to acquire this additional land, of which up to 4,000 acres could be farmable

Those are based soley on the one buyer for that contract and only peppers however,

Example: Onions in Baja average 20-25 tons per acre with a 3-4 months cycle and $150-$200 per ton, or $3,000-$5,000 per acre/cycle. Garlic, in contrast, is a lighter type of produce containing less water with a longer growing cycle of about 6 months, fetching a much higher price per ton; a typical yield of 8 tons per acre gives a value of $500-$1,000 per ton, or $4,000-$8,000 per acre/cycle.

Statistics from the U.S. Department of Agriculture show that Mexico by far is the most important supplier of fresh produce, accounting for 69% of U.S. fresh vegetable imports. U.S. imports of Mexican fresh vegetables amounted to $4.05 billion in 2012, as compared to 4.8 billion in 2015, an increase of approximately 6% per year.

This will be huge there is no doubt