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clock Created with Sketch. 29/11/19
09:08
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Originally posted by Carnival:
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Throughout the year I’ve been reasonably confident they would make a profit even though I’ve always maintained that the price point of $4 that they quoted was extremely unlikely come harvest. My scepticism on the $4 was informed by industry expert analysis such as the beverage analyst from Rabobank and also a bit of common sense. I’ve seen it all before with farmers chasing cash crops that fetch a high price the previous season. Especially something that takes 90 days to grow. I said at the time that IMO their key advantage over existing financially stressed farmers converting was access to capital with the high input costs for cbd hemp.
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