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@MasseyFergusonhttps://www.abc.net.au/news/rural/2022-06-22/indus...

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11/07/22

17:30

Post #: 62480502
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Originally posted by MasseyFerguson: ↑

Hey chip sorry forgot your reply

Probably not multi million under 2 more likely .

I held isonea shares they 20 folded along with Ord river resources.
After this I lost a lot trading. It was nothing to make or lose 100k over night. but the positive cash moved into developing agricultural assets - avocado farms .

The markets I am in - avocados- are in a bubble but the returns of 40k an acre are very strong .

This year 60 a tray plus big money . By not leveraging into housing my productive capital has done very well.

The other thing is to not look at an hourly wage look at doing the deal so to speak . I have numerous other businesses that are humming along. Small ones under 100k stuff

Quite a tough market now though not a good time to be punting big . Acquire and grow through labour and contacts in this climate .

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@MasseyFerguson

https://www.abc.net.au/news/rural/2022-06-22/industry-calls-on-consumers-eat-more-avocados-oversupply-crisis/101167144

"Struggling avocado growers are appealing to customers to smash their way through a glut of cheap fruit before it sends many in the industry to the wall."
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