Appendix #1
Rocky Mountain FRESH - Forecasts
SOURCES OF FUNDING
Amounts
Private Sector
Mariane & Jane $ 100,000
Partners: Rocky Mountain Resorts
Sunterra
Angel Investors
Social Venture Partners
Public Sector
Municipal
City of Medicine Hat
Province of Alberta
Western Development Financing
Alberta Economic Development
Alberta Research Council
Federal Government:
Business Development Bank of Canada $ 100,000
University
ISEE
UTI
Rocky Mountain FRESH - Forecasts
USES OF PROCEEDS
THE ALBERTA OPERATION
BUILD OPTION $ 500,000.00
Assumptions:
Size of Greenhouse 10,000 square feet $ 25.00 per square foot to build & equip $ 250,000
Land 3000 per acre 2 acres $ 6,000
Cucumbers
Gross Revenue 6.01 psq
Cash costs 5.32 psq
0.69 psq
Average ROI 0.05 psq 2%
Average ROE -0.22 psq
Tomatoes
Gross Revenue 7.7 psq
Cash costs 6.95 psq
0.75 psq
Average ROI 0.41 psq 3%
Average ROE -0.31 psq
Peppers
Gross Revenue 8.65 psq
Cash costs 5.81 psq
2.84 psq
Average ROI 2.22 psq 12%
Average ROE 1.41 psq
LOBBYING $ 500,000.00
RENEWABLE POWER RESEARCH $ 500,000.00
technical advisor initially
TOTAL $ 1,500,000.00
Appendix #1
Rocky Mountain FRESH - Forecasts
Statistics
Yield Forecasts for 2004
130 kg/m^2 seedless cucumbers coir grown(Agriculture Alberta, What is going on in Alberta Greenhouses)
60 kg/m^3 cluster tomatoes coir grown(Agriculture Alberta, What is going on in Alberta Greenhouses)
25 kg/m^4 peppers coir grown(Agriculture Alberta, What is going on in Alberta Greenhouses)
Number of Plantings/year
2 seedless cucumbers (Alberta Greenhouse Growers Association)
1 tomatoes
1 peppers
10 lettuce
Price Forecasts for 2004/2005 (Agriculture Alberta, What is going on in Alberta Greenhouses)
Cucumber prices should remain constant
Tomato prices should increase by 20 to 25%
Peppers prices should increase by 10 to 15%
Energy Prices
$ 5.00 per GJ is break even point (Agriculture Alberta, What is going on in Alberta Greenhouses)
8.00 per GJ is current cost in the Hat
10% to 35% of operating costs (Agriculture Alberta, Greenhouse Energy for Greenhouse Operators)
Greater than $5/GJ and return on investment becomes negative (Agriculture Alberta, Greenhouse Energy for Greenhouse Operators)
Revenue and Return per Square Foot in 1998 (Alberta Greenhouse Growers Association)
Revenue Return %age
Cucumber $ 7.40 0.85 11%
Tomato $ 8.38 0.37 4%
Peppers $ 8.78 1.86 21%
Lettuce
Capital Costs
Between $ 700,000 to $ 1,000,000 per acre under glass(Hot House Growers Annual information Form)