This first $1.1M+ chili pepper contract on 100 acres for Agricola Consuela, a direct exporter/importer to the U.S., establishes Contel as a producer in a $12 billion market for imports of fruit and vegetables to the U.S. from Mexico. With an estimated 4,000 - 5,000 acres of farmable land available, Contel has set goals for rapid expansion of the farming operation, with a planned increase of 300% in 2018.
$1.1M+... plus 300% = $4.4M+ next year? Nice improvement
100 acres now, with "rapid expansion" toward 4000 to 5000 acres? That's 40x to 50x, equals $44M-$55M, right? And with profit margin of 55-60%. Not bad, just for the Ag side of the business. Big future!