My grandfather had a gladiola farm and I don’t see how it is much different. It was a piece of land he had to pay for, paid employees, paid to fertilize, paid to ship etc. He made a living, but there was a limit to how much he could earn per acre. There was no real barrier to entry. If he wanted to double his prices, buyers would go elsewhere. If the market was willing to pay double for all flowers for some reason, he would have gotten a loan and bought more land, or someone else would have. Eventually, at a nice old age, flowers from South America put him out of business, but he was able to sell his waterfront land to a developer and have enough money to live comfortably in retirement. But how is VFF different? They grow tomatoes and MJ. When MJ is fully legalized, why won’t every corn farmer switch to it? Why won’t every person grow a plant in their closet? Why won’t NAFTA let Mexico import it? If it is so great, why are they still growing tomatoes? Sell that American farmland and by more in Canada?
I just don’t see the potential beyond speculation.
Pete, who remembers Q from the old days on the rat’s board.