The world is full of promising, promising agriculture companies, but not all are making a good living.
One of the big three, AgBio, has failed to make a profit in nearly three years and is facing a potential bankruptcy.
In April this year, AgBiome released its fourth annual financial report.
The company’s earnings fell by $9.2 million to $2.2 billion.
The results also showed a loss of nearly $1.4 billion for the year ending March 31, 2016.
The company had just two full years of operating cash flow, down from nearly $7 billion in the same period last year.
It was the third consecutive year that the company had a negative cash flow.
The report showed that AgBio was facing a growing shortage of seed and other equipment.
The shortage was partly caused by a sharp drop in crop prices, as well as by a fall in the global price of wheat, which is the main ingredient in many agricultural products.
In a letter to shareholders last year, the company said that the drop in wheat prices was the “pretext for the decline in production that has been occurring since January, 2016.”
The company said it had to “reduce seed and equipment purchases” and that it would have to reduce its workforce.
It also said it would “reducing operating expenses” to “avoid the risk of significant impairment.”
AgBio’s management team has been trying to stem the bleeding by hiring more people.
Its chairman, Paul Storrs, told Reuters this month that the problems in the company were a “pain in the ass” and he was “looking to change direction in the near future.”
Storrs also said that “we are doing all we can to support our existing shareholders, to keep the business going.”
AgBiome CEO Paul Stors said that he has been working with other companies to help resolve the problems, but that “this is going to take a long time.”
Stors said he expects the company will be profitable in the “near future.”