INDIANAPOLIS, Ind., July 10, 2008 – In the interest of full disclosure, management is providing this quarterly report on the operational activities and overall production outlook for May Dreams Gardens (GSE-MDG).
This report covers the time period from April 1, 2008 through June 30, 2008.
In the area of mowing, as of the end of June 2008, the lawn had been mowed 23 times compared to 19 times at the end of June 2007. This represents a 17% increase in mowing over last year, resulting in an increase in overall fuel costs, caused not only by the increased mowing activity, but also by the increase in overall fuel costs in general. This increase in fuel costs was offset by a decrease in water usage, as rainfall has been plentiful this year, compared to 2007, when watering of the lawn began on May 31st, a record at May Dreams Gardens.
Management noted that this year the record was for the most rain in June at May Dreams Gardens, thus the overall result is that the mowing, though frequent, has been enjoyed and is likely to continue at near this pace, setting a new record for number of times to mow in a given season.
Production activities in the vegetable garden have provided mixed results. While the cool weather and abundant rain resulted in excellent spinach, pea, and lettuce production, it seems to have slowed down the warm season crops, beginning with a delay of approximately one week in planting out the garden, as compared to previous years.
However, management remains optimistic that due to the abundant rain and now increasing temperatures, production levels in the garden will exceed those of the previous year when the problem was one of drought.
Management would like to particularly note that the strawberry crop was the best in recent memory, and while much of the product was consumed within hours of harvest, some product was diverted into a manufacturing channel where it was made into Strawberry Freezer Jam. It is anticipated that this will improve the overall morale of staff later in the year, when this is consumed when no other fresh product is available.
The overall political climate surrounding the garden remains steady. Management took appropriate measures to ensure a peaceful truce with the bunnies by using the latest technologies to deter the rabbits and keep them from interfering with future garden production.
There were, however, some minor skirmishes involving the neighbor’s cat, resulting in the loss of one pepper plant. However, this was offset by the acquisition of three other pepper plants as a result of staff assisting her non-gardening sister in planting a container with one tomato and one pepper plant, the one pepper plant being available only in a 4-pack. This ‘waste’ of 3 pepper plants was diverted to May Dreams Gardens to be used to increase overall production. All applaud the fiscal conservatism in these efforts overall.
In the area of expense and income, it was noted that the 2nd quarter is traditionally a time of high expense as raw materials in the form of seeds, soil, and plants are acquired, in anticipation of future production in the 3rd quarter. Therefore, high expense at this time should be overlooked and not be cause for concern. It is likely to be offset with product in the 3rd quarter, and such product, when consumed, will result in less income being used at the local grocery store.
This should be borne out in the upcoming report to be filed for Garden Bloggers’ Bloom Day on July 15th.
Analysts believe there should be windows of opportunity (WOO) to complete these activities, plus planned garden expansion, while keeping up with overall production and mowing, given the generally good condition of the gardens at this mid-point of the season.
(The forward-looking statements included in this release are made only as of the date of this release, and we undertake no obligation to update any of them to reflect subsequent events or circumstances.)
How’s your garden doing so far this year?