Key Takeaways
- CubicFarms has fully commissioned the HydroGreen GLS 808 machine at Redmond Heritage Farms in Utah, marking its fourth successful project in two quarters.
- The $340,308 (CAD $493,000) sale supports sustainable livestock feed solutions for the farm’s raw, unprocessed dairy production.
- Revenue from this project will be recognized in Q1 2025, aligning with CubicFarms’ conservative revenue recognition policy.
- The grass-fed beef market is projected to reach $13.3 billion by 2025, reflecting rising consumer demand for naturally raised livestock.
- The HydroGreen system allows farms to grow fresh, chemical-free feed year-round, using 95% less water than traditional farming methods.
CubicFarms Expands Sustainable Livestock Feed Solutions
CubicFarms has successfully completed the installation and full commissioning of the HydroGreen GLS 808 machine at Redmond Heritage Farms in Redmond, Utah. This milestone marks the fourth fully operational project in the past two quarters, reinforcing the growing adoption of natural and sustainable livestock feed solutions.
The $340,308 (CAD $493,000) sale, originally announced on October 31, 2023, is now fully operational, enabling Redmond Heritage Farms to cultivate fresh, nutrient-rich feed year-round for its pasture-raised dairy cattle.
“The completion of this project is another step forward in our commitment to regenerative agriculture and healthier livestock nutrition,” said Michael Kyne, CFO, HydroGreen. “More farms are prioritizing grass-fed, natural livestock diets to meet consumer demand for cleaner, more nutrient-dense food products. Our expanding customer base reflects this shift as more producers recognize the value of growing fresh, chemical-free feed on-site to enhance animal health and product quality.”
CubicFarms Revenue Recognition & Financial Impact
In line with CubicFarms’ conservative accounting policies, revenue is only recognized once projects are fully commissioned and operational.
“The revenue from the Redmond Heritage Farms project will be recognized in Q1 2025 now that the project is complete,” said Michael Kyne, CFO of HydroGreen. “Similarly, revenue from our three previously commissioned projects in late 2024 will be recognized in Q4 2024. This approach ensures transparency in our financial reporting and reflects our commitment to recognizing revenue only when projects are fully delivered and operational.”
This disciplined approach reinforces CubicFarms’ commitment to accurate financial reporting while supporting its continued growth in sustainable agriculture technologies.
Rising Demand for Grass-Fed and Sustainable Livestock Production
The grass-fed beef market is projected to reach USD $13.3 billion in 2025, with a 4.4% CAGR, highlighting the growing consumer preference for antibiotic-free, naturally raised livestock.
Redmond Heritage Farms aligns with this trend, ensuring its pasture-raised dairy cattle receive fresh, roughage-based diets free from hormones, antibiotics, and chemical additives. The farm’s investment in the HydroGreen GLS 808 machine reflects a broader shift toward sustainable, controlled-environment agriculture.
“Redmond Heritage Farms is proud to be a productive member of Utah’s agricultural community, dedicated to natural and sustainable farming that benefits both the local economy and environment,” said Zairen Brady, Farm Manager, Redmond Heritage Farms. “With the installation of the HydroGreen GLS 808 fodder machine, we expect to produce half of our farm’s daily feed using 95% less water than traditional methods. The system recycles and reuses water, optimizing livestock nutrition while reducing environmental impact.”
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