News
Sprott Resource Corp. Announces Subsidiary, One Earth Farms Corp., Has Provided an Update Regarding its Ops and 2012 Outlook
Sprott Resource Corp. (SCP.TO), a company that invests in and operates natural resources that lost 2.5% yesterday, announced that its subsidiary, One Earth Farms Corp., provided an update regarding its operations and 2012 Outlook. One Earth Farms is not expected to have significant external financing needs in 2012. However, it is anticipated that external financing will be required for 2013, which will be a function of the company's financial performance in 2012 and growth expectations of both the cattle and crop divisions. An update with respect to crop yields in 2011 was also provided. Overall yields were below plan. One Earth Farms' objectives for 2012 include, amongst others, improving operational efficiency while achieving moderate growth. Management is currently targeting an increase to approximately 200,000 acres for crop and cattle operations, with a target of 8,300 cows and 4,300 yearlings and bulls in 2012.
