Ann: Appendix 4C Commentary, page-29

OK, I prefer a low cost, high profit dairy farm over a high production low profit one. For AHF the farm costs are too high and the resulting milk output going to CDC is just not there...something is amiss and I suspect I know what it is. AHF is, or will be, unique when it gets the vertical integration working properly so it has no processor supply agreements per se but may well trade in the wholesale milk market.

We could probably talk for hours on the topic but I am sure you have other more important things to do as do I...