Verde Agritech Ltd T.NPK

Brazil Drought

[Sugoioi]

Brazils worst drought in over 90 years sees dams: https://youtu.be/B45ZWaYLh50

A highlight of the drought in Minas Gerais. Couple others online.

I feel for these farmers.

It's impressive Verde increased sales. I wonder if the testimonials regarding increased resistance to water deficit has helped.

I hope the weather begins cooperating.

[15Stanmore]

Hello Sugoioi, Great find on youtube - the impact of teh drought is very clear. Cheers, S.

[figtrader]

Verde's increased sales have a lot to do with the company financing their own sales including the big subsidy on trucking to more distant markets.   If there is crop failure they won't get their money back.  It's a very risky situation for Verde but one that management took a gamble on because they have more product to sell.   The hope is that the coffee

[15Stanmore]

Hello Figtrader. Great point on the Verde strategy to extend favourable credit terms to the farmer customers. Accounts receivable at June 30, 2021 were at an all time high at $6,020,000 (compared to $3,170,000 at  December 31, 2020 and $1,676,000 as at June 30 2020 ). These are significant increases and warrant close tracking and assessment as we head into Q3 and Q4. It will be incumbent on

[Benedictus]

figtrader, that is a sailient point and, as Stan says, bears very close monitoring going forward with trade and receivables up 260% YoY., very generous 30 to 360 day lending terms to customers and an aggressive sales campaign to grow sales. I wonder what type of financial due diligence, if any, is being done on these farmers  credit worthiness and ability to repay or if there is any type of

[Janota59]

A lot of Brazilian farmers purchase inputs (fertiliiser) in exchange for a part of the next seasons crop, it's commonly known as a 'barter' system. The document below is interesting in itself regarding discounts offered last Novemner, but if you look on the 'orbia' website you will see this distributor will purchase/exchange farmers crops. You can find Verde products if you