Replies to post #38768 on ProGreen US Inc. (fka PGUS)

[Davis_Elite]

And with all the revenues coming in from the AG side there is no doubt production will be ramping up I find it OUTSTANDING that we are ahead of the game and revenues are ramping up faster than planned...

The location of the Arenoso farm on the main highway has proven to be the perfect showcase for ProGreen Farms™ from the very start. From the development work to the daily operations and now with the view of the vibrant pepper crop from the road, the farm has garnered a great deal of attention from produce buyers - who are now actually coming to the farm, regularly, requesting produce - as well as from growers and large farming operations wanting to buy the farm. Through this exposure, and in combination with the actual results, we have already achieved a new level of maturity in supply chain participation within the produce market. 

More buyer higher than expected prices

Contel has negotiated a supplement to the earlier agreement with the buyer, Agricola Consuelo, originally valued at $1.M+, in order to take advantage of the current, higher market price for the peppers. As a result, some of the crop will be going to other buyers, one being a large wholesaler with both exports to the US as well as with large distribution within Mexico." 

Now looking forward to a winter crop more revenues
Additional areas of the Arenoso land are being prepared to varying degrees for the next year and, with revenues now flowing from the chili pepper harvest, possibilities are being considered for a winter crop on some of the land to follow after the chili pepper harvest. 

PGUS