| Business Summary | | AG-Bag
International,
Limited
has
pioneered
an
alternate
method
of
storing
feed
for
livestock.
The
Company's
method
is
to
store
the
feed
in
huge
plastic
bags
of
up
to
500
feet
in
length
and
up
to
12
feet
in
diameter
by
tightly
stuffing
the
feed
into
the
bag.
The
Company
assembles
the
machines
for
stuffing
the
feed
into
the
bags.
It
has
the
bags
manufactured
to
its
specifications
and
then
folds
and
distributes
the
bags
through
its
dealer
network.
The
Company
also
sells
ancillary
products
that
complement
the
Company's
main
line
of
bagging
machines
and
bags.
The
AG-Bag
system
is
an
alternative
to
bunkers,
pits
and
silos.
The
AG-Bag
bagging
machines
push
the
forage
into
recyclable
plastic
film,
called
Tri-Dura
bags,
with
sufficient
compaction
to
minimize
the
amount
of
oxygen
in
the
bag
that
is
then
sealed
tightly
when
filled. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AG-Bag
International
manufactures
and
sells
machines
and
related
bags
used
in
the
agriculture
industry
to
store
feed
for
livestock,
grain
and
other
products.
For
the
six
months
ended
6/30/01,
net
sales
fell
12%
to
$14.3
million.
Net
income
applicable
to
Common
fell
88%
to
$63
thousand.
Revenues
reflect
lower
milk
prices
and
increased
competition
in
the
silage
bag
and
machine
markets.
Net
income
also
reflects
a
lower
gross
margin
and
increased
administrative
and
R&D
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Stan Vinson, 47 Chairman | -- | Larry Inman, 50 Pres,
CEO, Director | $140K | Michael Wallis, 36 CFO,
VP of Fin., and Treasurer | 112K | Arthur Schuette, 61 VP
of Sales, Director | -- | Walter Jay, 40 VP
of Manufacturing | 112K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|