CropLogic to trial industrial hemp production on Oregon farm
CLI hopes to execute the lease in the coming weeks with a view to cropping industrial hemp on this trial farm in the upcoming 2019 season.
Oregon is a long supporter of industrial hemp and is in the top three USA states producing it, having been amongst a handful of states that legalised the production of industrial hemp years prior to the Farm Bill being passed in late 2018. This means Oregon’s infrastructure and knowledge around hemp production compares well to other states.
CropLogic feels its agronomy and precision agriculture team is well placed to crop industrial hemp in Oregon. The company has a strong presence and regional knowledge of the Pacific Northwest (Washington State, Idaho and Oregon) with an agronomy team that has serviced this region for up to 30 years and with a market share of up to 30% in some crops.
CropLogic’s digital applications, namely CropLogic realTime and CropLogic aerial imagery will also have direct application to optimising the yields and grade of the company’s hemp biomass crop.
The trial farm is located in the highly productive agricultural county of Deschutes County, Oregon, and will be leased for a three year term with an option to sub-lease in years two and three.
CropLogic also reports that it has recruited an experienced hemp specialist to assist its current agronomy and precision agricultural team. It will now begin the process of procuring seeds and other elements required to develop the crop for this Oregonian growing season that normally runs from May to October.
James Cooper-Jones, CEO of CropLogic, said: “CropLogic reacts to regional trends when approaching the different locations it expands into. Trial farms are a common model for agricultural research companies and provide a way for CropLogic to put its considerable agronomy and precision agricultural expertise and technology into practice.
“Oregon and particularly Deschute County, Oregon is ideally placed for this trial farm and for industrial hemp production. CropLogic’s pacific northwest regional knowledge, agronomy and digital agtech applications, namely CropLogic realTime and CropLogic Aerial Imagery, are well placed to optimise production and grade of industrial hemp.”
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.