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NYC | Hi All,
Just joined the forum. I'm not an agriculture professional at all, I arrived here googling a company called Agridime, which makes the extraordinary claim on its website that it can generate a "guaranteed" return of 15-20% to investors buying cattle. Here's the site.....
https://www.agridime.com/buy-cattle-here
Has anyone here any experience with this company? Or ever heard of it? I did find one short discussion dating from 2018 but nothing else. It's either a great investment, or a hideous mistake. Haha.
Thanks
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western iowa,by Denison | kind of scarry buying a feeder for $2000-welcome to ag talk! Maybe that Tex fella well chime in. |
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NYC | garvo - 2/1/2022 14:07
kind of scarry buying a feeder for $2000-welcome to ag talk! Maybe that Tex fella well chime in.
Could you elaborate garvo? Why scary? (As I said, not a pro. I know nothing. ;-) |
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Storla SD | If they can guarantee a 15-20% return per year they wouldn't be advertising on the internet. If the people in charge can make that they would be doing it with their own money not someone elses money. Bob Blom was making sure his investors made a return every year on cattle feeding. look how that turned out. |
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NYC | scottcattle - 2/1/2022 15:03
If they can guarantee a 15-20% return per year they wouldn't be advertising on the internet. If the people in charge can make that they would be doing it with their own money not someone elses money. Bob Blom was making sure his investors made a return every year on cattle feeding. look how that turned out.
Yes of course that's one concern. Another obvious question is, If they need outside investor money, how have they been meeting operating expenses so far?
Who's Bob Blom? Never mind, just pulled up an article. :-) |
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N FLA | Because it will most likely never be worth $2000 again. |
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SC North Dakota | Well, you can borrow money for 5%. They want to give you 15-20%. You know the saying. If it sounds too good. They should be buying all their own cattle and making that extra 10-15%. And anyone in cattle knows that would be a good profit year in and year out. |
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NYC | puff33m - 2/1/2022 16:35
Because it will most likely never be worth $2000 again.
Are you saying that $2000 is a high price for one head of cattle? As you answer, please remember, I know nothing about your business. |
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NYC | bacon - 2/1/2022 16:46
Well, you can borrow money for 5%. They want to give you 15-20%. You know the saying. If it sounds too good. They should be buying all their own cattle and making that extra 10-15%. And anyone in cattle knows that would be a good profit year in and year out.
I know the saying, most certainly I do ;-) That's kinda why I'm here asking questions :-). I am hoping that someone who actually knows the outfit might chime in. They seem to have an online business selling retail cuts, but one has to wonder.
I'm still googling and just found this discussion:
https://texags.com/forums/57/topics/3268515/1
Suddenly everyone's talking about Agridime. Haha. |
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Iowa | I googled agridime. No links to agtalk…. |
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NYC | Hedge Post - 2/1/2022 17:08
I googled agridime. No links to agtalk….
??
I forget the precise search term. More than just "Agridime" I'm sure. |
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NYC | redrobin - 2/1/2022 17:16
Be very very careful
I am being ;-) Could you elaborate? |
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NYC | gavspen - 2/1/2022 17:12
Hedge Post - 2/1/2022 17:08
I googled agridime. No links to agtalk….
??
I forget the precise search term. More than just "Agridime" I'm sure.
Oddly I cant find the original thread that I found from 2017. Searching "Agridime" here only brings up this thread. |
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NYC | Found it. Why doesnt searching "Agridime" here bring this up?
https://talk.newagtalk.com/forums/thread-view.asp?tid=782337&Display... |
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N FLA | Yes. High price, a calf is maybe $600, a yearling maybe $1200, and a fat corn finished steer, ready for harvest let's say $2000 (that's a touch high today). So if this scheme gets you a calf for $2000, it's tough to ever make money when it's already at/above the market or had all the value added that could be. Who knows what agridine is selling when they say you get one head of cattle for $2000. |
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N FLA | Address is the pak 'n mail. LOL |
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N FLA | The search feature only goes back one year. Unfortunately. It was a great search feature but something changed relatively recently and now we have to use Google to find old threads. |
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N FLA | As old as time.
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NYC | puff33m - 2/1/2022 17:37
Address is the pak 'n mail. LOL
Well, how do you think they get the steer to you? Haha. |
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NYC | puff33m - 2/1/2022 17:37
Address is the pak 'n mail. LOL
Actually that could have something to do with their retail shipping business. I suppose. Maybe. I guess, anyway...... ;-) |
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NYC | Worms?? lol
I wonder if their retail trade is real. What an elaborate ruse, if so. Set up an online outfit selling steaks, just to sell investors expensive steers that dont exist?
They get a mention here..
https://www.dallasnews.com/food/2020/12/31/grass-fed-beef-is-good-bu...
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N FLA | Just substitute the word cattle, for worm. |
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Tablerock Ranch eastern Wa | I don't see it the way everyone else does i guess, i am getting $2000 + from the packer right now and if i kill the same calf at my USDA butcher i pay another 800 to 900 dollars so i am @$2850 a head before i pay any logistics to get it to the consumer. So if these guys are trying to do this without a bank and limited overhead ----- |
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“These are the times that try men's souls.” | Boy this is a blast from the past. I figured when I got an email from them back then Superior Livestock computers had been hacked at the time. Other Superior customers I knew got the same emails. I contacted Superior about it, I never did follow up with them on it. |
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North Central Texas | Run son run. I wouldn't suggest doing any cattle business in Fort Worth right now. |
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North Central Texas | That's right, you had the email from them. Too good to be true. If I remember correctly they even filed to be a buyer with p&s after we talked about it on here. |
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N FLA | They show the budget here.
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NYC | puff33m - 2/1/2022 21:03
They show the budget here.
Are you suggesting that their price is within reason, considering that it includes the price of the steer, and all costs to bring it to market? |
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| They are a few miles from me. They are real. They are busy. The retail and online meat sales are real. Very small town they are in. I’m not invested with them. I know some of the players. I’m not going to invest with them. |
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NW Ohio | Gavspen, can you break down your numbers more for us? It looks like you buy a head for 2k and sell it for 3k. Does Agridime take a cut of the 3k? |
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N FLA | Most of us would pay $800 for processing.
When does agridime return the $2k? |
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NYC | MAVERICK90 - 2/2/2022 08:12
Gavspen, can you break down your numbers more for us? It looks like you buy a head for 2k and sell it for 3k. Does Agridime take a cut of the 3k?
I only know what's on their website. The numbers arent mine, they're Agridime's. Puff found and posted this, which I hadnt even seen,
https://talk.newagtalk.com/forums/thread-view.asp?tid=1041896&mid=94... |
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NYC | pcc - 2/2/2022 06:04
They are a few miles from me. They are real. They are busy. The retail and online meat sales are real. Very small town they are in. I’m not invested with them. I know some of the players. I’m not going to invest with them.
You seem very much against investing with them it sounds like, even though you're the only guy here who says they are a real outfit. Haha. Care to say why? |
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Central Saskatchewan Canada | gavspen - 2/2/2022 07:27
MAVERICK90 - 2/2/2022 08:12
Gavspen, can you break down your numbers more for us? It looks like you buy a head for 2k and sell it for 3k. Does Agridime take a cut of the 3k?
I only know what's on their website. The numbers arent mine, they're Agridime's. Puff found and posted this, which I hadnt even seen,
https://talk.newagtalk.com/forums/thread-view.asp?tid=1041896&mid=94...
Why all the questions about them? You say you have no clue about the beef industry but your asking about a business that is in the beef Industry. Seem to be digging for dirt or trying to get someone to say something they shouldn’t. What’s your deal? Edited by johndeere1 2/2/2022 12:22
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NYC | johndeere1 - 2/2/2022 13:22
gavspen - 2/2/2022 07:27
MAVERICK90 - 2/2/2022 08:12
Gavspen, can you break down your numbers more for us? It looks like you buy a head for 2k and sell it for 3k. Does Agridime take a cut of the 3k?
I only know what's on their website. The numbers arent mine, they're Agridime's. Puff found and posted this, which I hadnt even seen,
https://talk.newagtalk.com/forums/thread-view.asp?tid=1041896&mid=94...
Why all the questions about them? You say you have no clue about the beef industry but your asking about a business that is in the beef Industry. Seem to be digging for dirt or trying to get someone to say something they shouldn’t. What’s your deal?
I'm just a guy who in his life has made a number of what's called "alternative investments" and I came across this, which certainly fits the category. One thing you do though, in that space, is ask a lot of nosy questions before diving in, and any reputable outfit will answer them willingly. I did ask them directly a while ago but they were slightly less than forthcoming, but maybe I was talking to the wrong guy. Who better to ask but people in the industry? I dont know anything about oil either, but I've invested there.
I'd like nothing more than for someone to say, "I invested and it went just as advertised". I'd love to to pleasantly surprised.
I have no other agenda. That's all there is to it. |
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| Well it’s actually a network of several real outfits, all of which have cattle feeding experience and were doing well before agridyne. I have no reason to believe that will not continue. I was just stating that they are real and that I have no stake in their business. I know several friends that have purchased meat from their retail store and had good comments on the quality. |
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NYC | pcc - 2/2/2022 13:37
Well it’s actually a network of several real outfits, all of which have cattle feeding experience and were doing well before agridyne. I have no reason to believe that will not continue. I was just stating that they are real and that I have no stake in their business. I know several friends that have purchased meat from their retail store and had good comments on the quality.
Thanks, I appreciate the reply. |
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Agridime?
