If he's referencing 2019 data and hay costs, it's out of date. And if he's stating they're in a position to d0 $190M plus in revenue, he doesn't know what he's talking about.
The production cost of this IFUS feed is about $10 per ton yet the farmer pays at least $40 per ton for hay. Hay is the low cost alternative, when available, and is up to $240 per ton on a seasonal and drought severity basis. IFUS is a disruptor in the cattle feed market which measured $73.5 billion in 2019 and they are in a position to do $100 million + in revenue in the coming year so stick around and keep reading. IFUS has a 62 acre facility located in Napoleonville, Louisiana and it is strategically positioned near the 12 major sugar mills that are also close to the sugar cane growers in Louisiana.
This year Walther will prove one of us right.
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