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Thursday, 03/15/2018 2:36:12 PM

Thursday, March 15, 2018 2:36:12 PM

Post# of 112680
NYAcres expects to harvest 1,000 to 1,500 plants per acre of the initial farmed 40-acres in its first harvest, with 80-acres planned for the second harvest. Rotation of the acreage-parcels will add balance to the farms nutrients, assuring the best soil conditioning. This translates into approximately $100,000 per acre in revenue, or a projected revenue of more than $4,000,000 for the first harvest. Should we be able to plant second crop this year, expanding to 80 acres, we will gross $12,000,000 in revenue in the first two crop seasons. Net proceeds not reinvested in infrastructure and expansion of services will be distributed 80% to MCIG and 20% to FarmOn! Foundation. With a total of 180 acres of farmable land, the NYAcres Project seeks to reach $35 million annually by year three.

https://finance.yahoo.com/news/industrial-hemp-research-permitted-york-110000115.html