iMD Companies announces its purchase of Freedom Seed and Feed

Dec 17, 2014

Freedom Feed and Seed is America’s first federally permitted hemp seed and fibre farm

By Diego Flammini, Farms.com

Companies from the states of Florida and Kentucky came together in a deal that, when completed, will come in being worth $1.9 million.

"This acquisition is so key for us as we were not only able to obtain a one-of-a-kind company but it also gives iMD a source that is capable of leasing land, purchasing seed, clones and the equipment needed to grow industrial hemp," said Larry Robertson, president of iMD Companies, Inc. "The bold vision that iMD management has in common with Freedom Seed Farm's (FSF) David Hadland and Michael Lewis will help expedite our entrance into the industrial hemp market."

There are more than 30 countries who grow hemp as an agricultural product and as a source of national income.

In 2011, Canada alone licensed more than 30,000 acres of land dedicated to growing hemp, which resulted in $10 million in product sales. Because the United States currently doesn’t allow industrial hemp production, judging the market value is difficult, but it’s estimated the value of all hemp-based items can be greater than $300 million annually.

Since 1970, the United States deemed hemp illegal to grow because of its similarity to marijuana. In 2005, the U.S. government allowed for hemp products to be imported.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Hard to break into market with “unknown” vegetables

Milverton barn full of chickens destroyed in fire