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Two Rivers Water & Farming Co  (TURV)
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Two Rivers Water & Farming Co's Customers Performance

TURV

 
TURV's Source of Revenues Customers of Two Rivers Water & Farming Co saw their costs of revenue decrease by -8.72 % in Q2 compare to a year ago, sequentially costs of revenue grew by 18.9 %, for the same period Two Rivers Water & Farming Co recorded revenue increase by 130 % year on year, sequentially revenue grew by 64.29 %.

List of TURV Customers




Customers of Two Rivers Water & Farming Co saw their costs of revenue decrease by -8.72 % in Q2 compare to a year ago, sequentially costs of revenue grew by 18.9 %, for the same period Two Rivers Water & Farming Co recorded revenue increase by 130 % year on year, sequentially revenue grew by 64.29 %.

List of TURV Customers


   
Customers Net Income fell in Q2 by Customers Net margin fell to %
-78.36 % 1.12 %



Two Rivers Water & Farming Co's Customers, Q2 2019 Revenue Growth By Industry
Customers in Chemical Manufacturing Industry -2.1 %   
Customers in Chemicals - Plastics & Rubber Industry -36.01 %   
Customers in Agricultural Production Industry -5.8 %   
Customers in Food Processing Industry -4.5 %   
Customers in Tobacco Industry      119.99 %
Customers in Oil & Gas Integrated Operations Industry -11.86 %   
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Two Rivers Water & Farming Co's Comment on Sales, Marketing and Customers



The produce industry, like many other industries, is built on relationships that take place over time and involve a great deal of trust. Our produce relationships were built exactly this way; DFP marketing relationships go back 20 years. Contracts are negotiated on a yearly basis before planting begins. At the beginning of the year, we reach out to our vendors to see what their needs are going to be for that year and plant to their needs. Once it is planted, the contract has been finalized with the agreed upon amount and price. About 20% of the produce we grow does not have a contract, and will be sold to other vendors who contact us for product.

We also have a network of growers that grow produce for us. Once our produce contracts are finalized, and our planting schedule for the year is complete, we reach out to our growers to ask them to plant the remaining crops we need. As people in the area become aware of our operation, they are signing up to grow for us.

Leasing

GrowCo’s subsidiary GrowCo Parnters 1, LLC leases a greenhouse and warehouse to Suncanna, LLC pursuant to a lease agreement dated April 1, 2015. The lease agreement is classified as an operating lease because it does not meet any of the four criteria listed in subsection 25-1 of ASC 840-10-25,“Lease Classification Criteria”.

On February 25, 2016, RH Group, LLC, a newly formed entity of which the Chief Executive Officer of Two Rivers and GrowCo, John McKowen, holds a 60% membership interest, entered into a definitive agreement to purchase all of the equity interests of Suncanna from the previous owner.


Two Rivers Water & Farming Co's Comment on Sales, Marketing and Customers


The produce industry, like many other industries, is built on relationships that take place over time and involve a great deal of trust. Our produce relationships were built exactly this way; DFP marketing relationships go back 20 years. Contracts are negotiated on a yearly basis before planting begins. At the beginning of the year, we reach out to our vendors to see what their needs are going to be for that year and plant to their needs. Once it is planted, the contract has been finalized with the agreed upon amount and price. About 20% of the produce we grow does not have a contract, and will be sold to other vendors who contact us for product.

We also have a network of growers that grow produce for us. Once our produce contracts are finalized, and our planting schedule for the year is complete, we reach out to our growers to ask them to plant the remaining crops we need. As people in the area become aware of our operation, they are signing up to grow for us.

Leasing

GrowCo’s subsidiary GrowCo Parnters 1, LLC leases a greenhouse and warehouse to Suncanna, LLC pursuant to a lease agreement dated April 1, 2015. The lease agreement is classified as an operating lease because it does not meet any of the four criteria listed in subsection 25-1 of ASC 840-10-25,“Lease Classification Criteria”.

On February 25, 2016, RH Group, LLC, a newly formed entity of which the Chief Executive Officer of Two Rivers and GrowCo, John McKowen, holds a 60% membership interest, entered into a definitive agreement to purchase all of the equity interests of Suncanna from the previous owner.








TURV's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Two Rivers Water & Farming Co TURV 14 0 -8 12
Bab, Inc. BABB 6 3 0 17
Dow Chemical Co DOW 0 57,177 1,057 53,000
Life On Earth, Inc. HISP 23 4 -4 2
Ricebran Technologies RIBT 91 21 -11 264
Archer-daniels-midland Co ADM 23,563 63,348 1,325 33,900
Ceres, Inc. CERE 0 0 0 44
Dupont De Nemours, Inc. DD 55,081 22,791 -5,759 63,000
Eastman Chemical Co EMN 10,525 9,907 1,053 15,000
Monsanto Co MON 57,002 14,593 2,503 22,500
Cf Industries Holdings, Inc. CF 11,095 4,974 660 2,800
Fmc Corporation FMC 12,037 4,653 503 5,900
Mosaic Co MOS 8,738 9,525 261 9,100
Velt International Group Inc. ACUG 1 1 -1 4
Agritech Worldwide, Inc. ZTHO 0 0 0 14
China Green Agriculture, Inc. CGA 194 296 -11 17
Chs Inc. CHSCL 0 32,222 850 12,157
Kiwa Bio-tech Products Group Corp KWBT 10 34 -2 1
S&w Seed Co SANW 61 72 -12 69
Pyxus International, Inc. AOI 217 1,854 -65 3,299
Universal Corporation UVV 1,403 2,144 100 24,000
Vector Group Ltd VGR 1,978 1,972 80 1,367
American Vanguard Corp AVD 494 456 21 395
Innophos Holdings, Inc. IPHS 660 766 29 1,319
Lsb Industries Inc LXU 199 401 -55 610
Marrone Bio Innovations Inc MBII 176 27 -23 97
Muliang Agritech, Inc. MHDG 304 13 4 1
Arcadia Biosciences, Inc. RKDA 29 1 -5 47
Cvr Energy Inc CVI 4,126 6,847 458 968
SUBTOTAL 188,012 234,100 2,957 249,892


             
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