News
One Earth Farms to Become Largest Canadian Crop and Cattle Farm
The StarPhoenix December 17, 2010
One Earth Farms Corp. is set to receive a $30-million investment to help it become the largest operating crop and cattle farm in Canada next year.
The company, which operates farms across the Prairies, will receive the money from its parent company Sprott Resource Corp. (SRC) in order to fund its 2011 operating plan.
"One Earth Farms has quickly become an exceptionally unique, scalable agribusiness that will command a high valuation as concern for food quality and security continues to increase," said Kevin Bambrough, president and CEO of SRC.
"In less than two years, One Earth Farms has secured strategic relationships with key input suppliers and is in the process of developing equally strong relationships with food retailers, working towards the development of branded products, particularly in natural beef."
The 2011 plan for One Earth Farms, which partners with First Nations to run grain and cattle farms on First Nations land, includes a goal to lease and seed about 150,000 acres of cultivated farmland.
"Our goal is to generate industry-leading profit margins through unprecedented scale, operating efficiencies and by breaking away from the industry norm of buying and selling wholesale," said Larry Ruud, president and CEO of the company.
The 2011 plan for the farm also includes the lease of about 100,000 acres of pasture and to increase the size of its cattle herd to about 22,000 head.
