Wednesday, August 15, 2018 10:00:57 PM
This is huge news out today for long term shareholders looking back and taking into account all the things that are possible with the farming operation being Rancho Arenoso received a preliminary audit score of 98% for the PrimusGFS certification for Food Safety Management System and Good Agricultural Practices requirements means major farming contracts to come!!
https://www.progreenus.com/category/agricultural-updates/
https://www.progreenus.com/baja-agriculture-update/
Contel has now established a channel to the US market that allows them to grow fresh produce directly for US importers. Leasing land for agricultural use can be very lucrative, but growing produce on the land offers significantly higher returns. We did not expect Contel to gain access to this point of operations so soon; however, this opportunity has been presented by 2 buyers with immediate demand.
As a producer, Contel will be able to grow more than one cycle per year, depending on produce.
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.
The example above should be compared to previous leasing estimates of $800-$1,200 per acre for a whole year.
Contel is preparing operations for January seeding on the farmable 150-acre portion of the first tract of land, and the first harvest is expected for May/June 2017. Initially, a generator will provide the power needed for direct irrigation. Solar power will later replace the generator, and drip irrigation will be connected to a gravity reservoir, making the farm totally “green.” This first tract of land will serve as a showcase property.
ProGreen will provide the financing as stated in our JV agreement with Contel from February 16, 2016, stating that profits will be shared equally between the parties after ProGreen first recovering its investment.
Contel controls an abundance of land with the options to increase the growing operation, leasing land, partnering with other growers, etc.
This development is a great step forward, creating new and varied opportunities to accelerate growth.
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 blog update now reminds me of why this new land within walking distance of the Arenoso farm is such a huge opportunity for us!! Rancho Arenoso received a preliminary audit score of 98% for the PrimusGFS certification for Food Safety Management System and Good Agricultural Practices requirements of our produce we will grow much more than just peppers for Huy Fong!!
ProGreen Subsidiary Closes on the New 2,500-Acre Land Purchase
“This purchase, as with our purchase of the Cielo Mar land, was made possible through our strategic relationship with the land owners, whose interest in the land is maintained through Contel’s minority stake in Procon,” explained Jan Telander, CEO of ProGreen.
“The purchase would simply not have been possible otherwise. This is very much a win-win situation.
Just a short walk from the existing Arenoso farm, this land provides an incredible opportunity to expand for large-scale production, with over 1,000 acres expected to be farmable. But we also see this land supporting sustainable living within Cielo Mar and the local region, through farm and ranch operations for cattle, dairy, poultry, pork, and a variety of fresh produce for local consumption.”
“There is more here,” Jan added. “Land that is not farmed will be perfect in this location, with such a beautiful landscape, to support eco-friendly tourism, country living and outdoor activities with cabins, ranches, a rental/tour/travel office… ranch retreat… equestrian and hiking/biking trails… off-road adventure touring – what many people around the world think of, when they think of Baja California!”
I’ll continue to load and hold as these discount prices the top is soon to blow off this as Jan continues to grow the company and add to shareholders value!!
https://www.progreenus.com/category/agricultural-updates/
https://www.progreenus.com/baja-agriculture-update/
Contel has now established a channel to the US market that allows them to grow fresh produce directly for US importers. Leasing land for agricultural use can be very lucrative, but growing produce on the land offers significantly higher returns. We did not expect Contel to gain access to this point of operations so soon; however, this opportunity has been presented by 2 buyers with immediate demand.
As a producer, Contel will be able to grow more than one cycle per year, depending on produce.
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.
The example above should be compared to previous leasing estimates of $800-$1,200 per acre for a whole year.
Contel is preparing operations for January seeding on the farmable 150-acre portion of the first tract of land, and the first harvest is expected for May/June 2017. Initially, a generator will provide the power needed for direct irrigation. Solar power will later replace the generator, and drip irrigation will be connected to a gravity reservoir, making the farm totally “green.” This first tract of land will serve as a showcase property.
ProGreen will provide the financing as stated in our JV agreement with Contel from February 16, 2016, stating that profits will be shared equally between the parties after ProGreen first recovering its investment.
Contel controls an abundance of land with the options to increase the growing operation, leasing land, partnering with other growers, etc.
This development is a great step forward, creating new and varied opportunities to accelerate growth.
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 blog update now reminds me of why this new land within walking distance of the Arenoso farm is such a huge opportunity for us!! Rancho Arenoso received a preliminary audit score of 98% for the PrimusGFS certification for Food Safety Management System and Good Agricultural Practices requirements of our produce we will grow much more than just peppers for Huy Fong!!
ProGreen Subsidiary Closes on the New 2,500-Acre Land Purchase
“This purchase, as with our purchase of the Cielo Mar land, was made possible through our strategic relationship with the land owners, whose interest in the land is maintained through Contel’s minority stake in Procon,” explained Jan Telander, CEO of ProGreen.
“The purchase would simply not have been possible otherwise. This is very much a win-win situation.
Just a short walk from the existing Arenoso farm, this land provides an incredible opportunity to expand for large-scale production, with over 1,000 acres expected to be farmable. But we also see this land supporting sustainable living within Cielo Mar and the local region, through farm and ranch operations for cattle, dairy, poultry, pork, and a variety of fresh produce for local consumption.”
“There is more here,” Jan added. “Land that is not farmed will be perfect in this location, with such a beautiful landscape, to support eco-friendly tourism, country living and outdoor activities with cabins, ranches, a rental/tour/travel office… ranch retreat… equestrian and hiking/biking trails… off-road adventure touring – what many people around the world think of, when they think of Baja California!”
I’ll continue to load and hold as these discount prices the top is soon to blow off this as Jan continues to grow the company and add to shareholders value!!
ALL IMO
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
