I don't understand oysters or clams. I heard they are tasteless or taste like seawater. Yet can be incredibly risky compared to many other foods to eat. Yet breeding them seems to be good due to the way they clean where they are farmed. They also can keep algae populations down which is incredibly important as algae blooms or red tides are wiping out entire swathes of the ocean. That is only getting worse as humans keep messing with the ocean. Like the sheer amount of nitrogen and phosphorous going into it from agriculture.
Costs are quite interesting...but without providing a range of potential revenue it's kind of pointless. Okay you spend X amount - but what can you maybe expect to return on said investment???
@GodzHammer I believe you mean earnings or profit, revenue is sales. I believe with all the different grades, sizes, and volume produced the market price could vary substantially. Excellent video, I will appreciate and savor oyster a lot more knowing what they take to produce.
It's close, but there's no equivalent segment of this video where Business Insider just regurgitates fake or misleading statistics provided by the industries they interview. I swear one time they did a video on alternative power sources, and they just straightup left off nuclear.
I really really like this idea of showing what everything costs. Very enlightening. I've never seen anyone else do it like this before. Looking forward for more episodes from this series!
I wonder when the "elites" and deep state criminals set about destroying this valued food producer, like they are doing with production facilities, crops, poultry, cattle, seed and fertilisers, water and power supply and transport networks. Resist agenda 2030, WEF, IMF, WHO, global central government and digital currency, and climate doom myths. Trump 2024, to save America. And the world too, it seems.
Its actually the hatchery that makes money in fact, keeping the operation afloat which is typical of large aquaculture operations.. Its the same for Salmon, shrimp etc.
In a gold rush only a couple miners in 10,000 ever struck it rich whereas if you had water to sell to miners down the hill you were assured to get rich. So you were always better building sluiceways than working a lease with a sluicebox, every time😊
No, for them they need the hatchery so that they can be self-dependant. The hatchery costs are insane producing that much food, it is not for significant profit
In agriculture especially oysters farming there is no such thing as "profit margin" since the yields are unpredictable and vary greatly from time to time. You get what you can get. That's it. One bad weather or diseases can easily wipe off all of their years of hard work..!!
@@henrytenden You have to make a profit or you won't stay in business long. They conveniently omitted the parts about gross revenue and net income. You could always do an average even if you have up and down years.
@@succatashtips don't come from the company, though, so that isn't calculated in labor expenses. Not to mention, unless this particular company is running a restaurant, that particular position isn't going to exist.
If they sell each oyster for 0.40$ and sell 4 million of them. That 1.6 M$ in revenues. It claims it costs 1.9 M$ to produce those 4 million oysters… who’s in the business of losing 300 k$ a year?!?
I was about to say the same thing. Something doesn't make sense. Maybe they aren't including the sales of the larvae etc to other places? I would like more clarification as well.
Only thing I hear from this video. Complain complaint complaint about how much money They had to spend. But They don't say how many Millions of dollars, they Made on profit..
I worked on many oyster farms since I was 12 years old and that job kept me out of trouble when I lived on the west coast of vc Canada we used to buy large as well as seed oysters there were so many factors that decided if you had a profitable year or not the starfish would grow,at the same rate as the oyster and if you didn't harvest them in time they became starfish food it's a very labour intensive job but it paid the bills
Very interesting video, thank you for the company and the team for your work! Couple thoughts come to mind: 1) I have understood baby oysters can move to live into a empty shell so have you thought to create a circular process where restaurants send the used shells back? 2) Related to that, you could consider moving to reusable transport boxes (empty shells back, new oysters to restaurant) 3) As a end consumer would be great to hear that you move to using electric motors = no waste fumes into the same water where you grow the oysters
oysters cannot grow inside old larger shells, they secrete and grow their own. They do however grow on beds of old shells that form "reefs". These are farmed oysters that are contained in cages for easy harvesting. Shells are typically recycled by restaurants for reef formation for naturally occurring oysters to grow on.
Unlike fish or shrimp farming oyster farms will actually clean the water around them, whether it's through the bottle method shown here or just by setting them directly in a bay on giant hanging ropes each holding multiple cages.
All of those numbers presented and i tried to figure out how much they walk away with after a year of expenses, but they were in the red fairly early in the video. They have to be selling a good chunk of their inventory to Retail versus distributors or getting great compensation for running the hatchery in order to break even.
The rest of the revenue probably comes from selling the larvae to other farms. I don't know what the margin is on a pound of larvae, but I agree, the business does seem to operate on a razor's edge.
Wait, they grow four million oysters a year and sell them for 40ct each (thus creating 1.6M in revenue), but their costs are 1.9M/year? So they must make a good chunk off selling the larvae? Or they are expanding so aggressively that one years revenue is from costs much lower 2-3 years ago?
There is NO WAY those cages are costing them 800k per year (or more), he is also giving high numbers for "Labor" and just about everything! I know for a fact.
@@tomw2003 Not necessarily! The truck, I didn't catch if it was a trailer only, but it was refrigerated and I know they cost a good deal. But the thing to note is that the prices for most of the goods he mentions is a one time fee. So next year, with exception of any maintaining chores, that fee will be gone unless he buys new ones. We know they don't buy new every year so he is listing his costs of his operation if he bought today. I will admit it is misleading as to the total. But it does show some of the hidden costs that he mentions (not all of them by the way).
They need to improve the efficiency if you have 1.5 billion larve you should have 1.5 billion oysters ideally. Even with 50 percent survival that’s 750 million. Only 4 million grow to maturity means some issues with the process that can be worked out. Before people say you can’t, wheat at corn were vastly different thousands of years ago now they grow huge and produce well. The same surely can. E done with the oyster survival rate.
I will be putting in a oyster farm real soon I just purchased a 72 acre island in Florida to live on and to run this farm. So I hope to but seedlings from you. I need to find away to contact you for business
Okay, 4 million oysters at $3 each = $12 million a year customer cost. Minus $100,000 royalty, minus $75,000 propane and electricity, minus $1 million labor (three or four workers?), minus $800,000 for cages (reusable), minus $150,000 cage repair, minus boats, equipment and buildings, minus $75,000 insurance, minus $100,000 packaging...still looks like a highly profitable business.
You do know making the water flow on a very slight hill will move the nutrients better and if you dig a big hole to a level you keep your water temperature you can run lines down there and pump the water back up using solar and the water will always no matter what will be the same temperature.
Amazing job folks. i hope you keep this comment highlighted and respond in 12 months. i am on a schedule but i will be looking to communicate about investing. God Bless and keep up the great work
Maybe my calculations are off, but how can this business be profitable if they produce 4 million oysters a year and they sell them for .40cents each? Their overhead is close to $2 million a year.🤷♂
it seems oysters are a win win win win scenario. Win for the customer, win for the producer, a win for their employees, and a win for the environment, cause they clean and filter the water. I hope they'll stay in business.
when i work for the bar, i have to crack full case of oyster every night.(mainly eastcoast, fannybay, westcoast/japanese) east coast oyster seems to be the worst out of all 3, at least10-20% throwaway (some of them are filled with dirt for extra weight, some are rotten) fannybay taste bland，you need some lemon tabasco to go with it. westcoast japanese one smells nice, taste nicely.its the only one i can swallow without any seasoning
Wait... They produce 4 million a year and sell them for 40c each. 4 million X 0.40 is 1.6 million. The annual budget is 1.9 million... So they lose 300,000 every year? What am I missing here?
Why are these people obsessive with pricing? A lot of things we didn't need to know but they just had to tell us how much an air conditioner cost. I will never spend a penny on a company that has a price tag on everything they own.
Yeah, the numbers are off. But I don’t expect any business to talk about their profit margin, actual cost etc. It’s almost pointless to make a video like this because nobody wants to be totally transparent.
"rising sea levels"?.. I've literally lived my entire life on a island right on the beach.. I inherited my families beach house which has been in the same place right above the high tide mark and the water from this "rising" has yet to wash that away.. I mean that's weird right?
Oysters are precious gems of the sea. Once harvested, it might take a long while for them to have a huge harvest of oysters once more.They could become endangered. Who knows? Only time will tell.
Anyone who claims oysters are "tasty" is pretending and too afraid to admit they say they are just because others say they are. Its a salty lump of snot, people eat weirder things without pretending they are tasty.
We law abiding citizens/conservatives will always loose, it is because the tyrants/criminals will always cheat. The tyrants/criminals will never play by the rules, the problem is We the People, law abidinging citizens always play by the rules, with a strongs sense of pride, and rightousness.
I LOVE this concept. Please make more of these operating cost videos.
I don't understand oysters or clams. I heard they are tasteless or taste like seawater.
Yet can be incredibly risky compared to many other foods to eat.
Yet breeding them seems to be good due to the way they clean where they are farmed. They also can keep algae populations down which is incredibly important as algae blooms or red tides are wiping out entire swathes of the ocean. That is only getting worse as humans keep messing with the ocean. Like the sheer amount of nitrogen and phosphorous going into it from agriculture.
Costs are quite interesting...but without providing a range of potential revenue it's kind of pointless. Okay you spend X amount - but what can you maybe expect to return on said investment???
@GodzHammer I believe you mean earnings or profit, revenue is sales.
I believe with all the different grades, sizes, and volume produced the market price could vary substantially.
Excellent video, I will appreciate and savor oyster a lot more knowing what they take to produce.
Along with Metric System addition would be awesome!
This definitely had an “Insider” feel to the video. The explanations and layout is all like theirs.
definitely a rip, but I'm here for it if it's more like this one!
@@Scottingham great art is stolen art, scotty my guy!
I was gonna say Great Big Story
agenda driven, pushing climate change lies.
It's close, but there's no equivalent segment of this video where Business Insider just regurgitates fake or misleading statistics provided by the industries they interview.
I swear one time they did a video on alternative power sources, and they just straightup left off nuclear.
Nice to see this positive US business story. Also, I love oysters so it's nice to know where they come from.
I really really like this idea of showing what everything costs. Very enlightening. I've never seen anyone else do it like this before. Looking forward for more episodes from this series!
What a beautifully enlightening presentation! I end up rooting for the company and its fortunes.
Love videos like this, where you learn about a business/industry you never think of. It'slike "how it's made" but modernized.
This is a fantastic piece! We will definitely be sharing it with our oyster appreciation course students.
Companies with a conscience. Thought-provoking and entertaining video.
I wonder when the "elites" and deep state criminals set about destroying this valued food producer, like they are doing with production facilities, crops, poultry, cattle, seed and fertilisers, water and power supply and transport networks. Resist agenda 2030, WEF, IMF, WHO, global central government and digital currency, and climate doom myths. Trump 2024, to save America. And the world too, it seems.
Its actually the hatchery that makes money in fact, keeping the operation afloat which is typical of large aquaculture operations.. Its the same for Salmon, shrimp etc.
In a gold rush only a couple miners in 10,000 ever struck it rich whereas if you had water to sell to miners down the hill you were assured to get rich.
So you were always better building sluiceways than working a lease with a sluicebox, every time😊
No, for them they need the hatchery so that they can be self-dependant. The hatchery costs are insane producing that much food, it is not for significant profit
Seems like a good company and good people. I will be buying my oysters from them 👍
That water is the cleanest in the area....awesome guys
New York using oysters to clean the Hudson River
I was waiting for the part where they spoke about their profit margins😢 they omitted that altogether
In agriculture especially oysters farming there is no such thing as "profit margin" since the yields are unpredictable and vary greatly from time to time. You get what you can get. That's it.
One bad weather or diseases can easily wipe off all of their years of hard work..!!
@@henrytenden You have to make a profit or you won't stay in business long. They conveniently omitted the parts about gross revenue and net income. You could always do an average even if you have up and down years.
I was hoping for profit numbers too…
Let's eat more oysters. To support the oyster business
This is way way more labor intensive and costly than Pacific cultivation on the west coast ...
That's why Japanese oysters and West Coast oysters are majority of oyster markets.
I think the costs were overstated. It looks like a highly profitable business.
Hard men work harder, and reap the rewards and satisfaction of their strength and skill.
😂 Completely different environments. Of course it is different.
4:15 I wonder what their profit margins are. $1 mil in labor expenses seems pretty low for a business of 3 dozen staff.
How much do you think an oyster shucker in North Carolina pays?
@jerrynadler2883 the oyster shucker near me in Baltimore, makes 6 figures in tips.
@@succatashtips don't come from the company, though, so that isn't calculated in labor expenses. Not to mention, unless this particular company is running a restaurant, that particular position isn't going to exist.
probably seasonal workers, not fulltime full year
They wouldnt be all working 6 days all year
Great video
I hope oyster production continues to increase and improve
Such a high cost for so much work, these people are so kind hearted to do this to make sure we are all fed and no1 goes hungry in america 🙏
Hahahaha! Yeah, oysters being sold for $5/ea at high end restaurants are keeping the poorest families fed, for sure.
If they sell each oyster for 0.40$ and sell 4 million of them. That 1.6 M$ in revenues.
It claims it costs 1.9 M$ to produce those 4 million oysters… who’s in the business of losing 300 k$ a year?!?
I was about to say the same thing. Something doesn't make sense. Maybe they aren't including the sales of the larvae etc to other places? I would like more clarification as well.
You’re also not adding revenues for selling oysters to other farms and places
Their business model doesn't make any sense. At first he said they sell for about $3 and then he said they sell to the for about $0.4 dollars.
An oyster costs 3 dollars for you in the restaurant or smth, but 0.4 dollars for a vendor. That’s fine
It's easy to evade taxes with seafood.
Restaurants buy them for 0.4 cents then turn around and sell you an oyster platter for $35, and you have to pay their employees with tips.
.4$ not cents
@@DanielMcCauley-up7oqwhat?
@@BrightthgirB .4 dollars not cents I assume I meant. Not watching again.
@@DanielMcCauley-up7oqyou are correct. ✌️
Point four dollar cents, got it
Excellent video in every way.
Good vibes loving it. Thanks
Only thing I hear from this video. Complain complaint complaint about how much money They had to spend. But They don't say how many Millions of dollars, they Made on profit..
What a BUSINESS! HatsUp!
I never realized it was that expensive to raise oysters .
2 bucks a year?
This is hugely profitable , the margins don’t lie
@@jackmanders7077 Do the math. They are losing 300 0000 dollars a year
This video was very educational, thank you .
I worked on many oyster farms since I was 12 years old and that job kept me out of trouble when I lived on the west coast of vc Canada we used to buy large as well as seed oysters there were so many factors that decided if you had a profitable year or not the starfish would grow,at the same rate as the oyster and if you didn't harvest them in time they became starfish food it's a very labour intensive job but it paid the bills
More concept video will be awesome.
Very interesting video, thank you for the company and the team for your work! Couple thoughts come to mind:
1) I have understood baby oysters can move to live into a empty shell so have you thought to create a circular process where restaurants send the used shells back?
2) Related to that, you could consider moving to reusable transport boxes (empty shells back, new oysters to restaurant)
3) As a end consumer would be great to hear that you move to using electric motors = no waste fumes into the same water where you grow the oysters
oysters cannot grow inside old larger shells, they secrete and grow their own. They do however grow on beds of old shells that form "reefs". These are farmed oysters that are contained in cages for easy harvesting. Shells are typically recycled by restaurants for reef formation for naturally occurring oysters to grow on.
Certain snails or crabs can occupy an empty shell. Oysters cannot.
Leave the electric 💩 out of it
Electric bad
“You know it gotta be tasty when you can eat it RAW”… PAUSE😂😂😂
These folks are out there doing gods work
Excellent video. How much is the revenue ?.
Knowing that we’re not harvesting the actual ones like the one produced by nature makes me feel so much better
great video thx
In NZ for a dozen of bluff oysters are about $40
In Philippines, it sells for only $0.50 per kilo.
Unlike fish or shrimp farming oyster farms will actually clean the water around them, whether it's through the bottle method shown here or just by setting them directly in a bay on giant hanging ropes each holding multiple cages.
Delicious Virginia oyster with Tajín and Corona 🍻
i would like to see a camera system to watch the daily activity. that would be cool.
Very interesting 👌 👍🏼 ❤. Much appreciated WSJ 🤙🏽
Thank god for the hatchery.
All of those numbers presented and i tried to figure out how much they walk away with after a year of expenses, but they were in the red fairly early in the video. They have to be selling a good chunk of their inventory to Retail versus distributors or getting great compensation for running the hatchery in order to break even.
$1.9M to raise 4 million oysters then sell it for $.40 each? Am i missing something?
The rest of the revenue probably comes from selling the larvae to other farms. I don't know what the margin is on a pound of larvae, but I agree, the business does seem to operate on a razor's edge.
Maybe the video editors made a mistake somewhere?
@@hans7686nahhhhhhhh
they're probably making 5 million a year, youre not missing anything, they wouldnt do it if it wasnt profitable.
@@jacobl5488 People own agriculture farms which work on razor thin margins and are not profitable for number of years.
Wait, they grow four million oysters a year and sell them for 40ct each (thus creating 1.6M in revenue), but their costs are 1.9M/year? So they must make a good chunk off selling the larvae? Or they are expanding so aggressively that one years revenue is from costs much lower 2-3 years ago?
Not a bad video
I love this
So now we know why quality oysters aren't cheap.
There is NO WAY those cages are costing them 800k per year (or more), he is also giving high numbers for "Labor" and just about everything! I know for a fact.
100K for an empty semi trailer???????????? And 50K for a skid????? They are lying!
@@tomw2003 Not necessarily! The truck, I didn't catch if it was a trailer only, but it was refrigerated and I know they cost a good deal. But the thing to note is that the prices for most of the goods he mentions is a one time fee. So next year, with exception of any maintaining chores, that fee will be gone unless he buys new ones. We know they don't buy new every year so he is listing his costs of his operation if he bought today. I will admit it is misleading as to the total. But it does show some of the hidden costs that he mentions (not all of them by the way).
@@tomw2003 refridgerated trailer
The water must be super clean after they do their work
At 5:21, how does rising water levels increase salinity? Logically that relationship should be inverse.....
salt water coming up river
They need to improve the efficiency if you have 1.5 billion larve you should have 1.5 billion oysters ideally. Even with 50 percent survival that’s 750 million. Only 4 million grow to maturity means some issues with the process that can be worked out. Before people say you can’t, wheat at corn were vastly different thousands of years ago now they grow huge and produce well. The same surely can. E done with the oyster survival rate.
how much profit they make a year ?
I will be putting in a oyster farm real soon I just purchased a 72 acre island in Florida to live on and to run this farm. So I hope to but seedlings from you. I need to find away to contact you for business
Wouldn't ice caps melt desalination the water?
How could rising sea levels increase salinity?
because its sea water increases and steadily floods and mixes with fresh water connected to the sea.
Okay, 4 million oysters at $3 each = $12 million a year customer cost. Minus $100,000 royalty, minus $75,000 propane and electricity, minus $1 million labor (three or four workers?), minus $800,000 for cages (reusable), minus $150,000 cage repair, minus boats, equipment and buildings, minus $75,000 insurance, minus $100,000 packaging...still looks like a highly profitable business.
sold 0.4 whichs 1/7 of $3. so they sold 1.6 mil not 12 mil.
Ok, not a good business then. @@BS-my2ky
0:52 thats what she said
I could smell this video.
You do know making the water flow on a very slight hill will move the nutrients better and if you dig a big hole to a level you keep your water temperature you can run lines down there and pump the water back up using solar and the water will always no matter what will be the same temperature.
Anyone vibing with the background music. I’m picking up some LoFi RuneScape.
But how much do they make a year
Amazing job folks. i hope you keep this comment highlighted and respond in 12 months. i am on a schedule but i will be looking to communicate about investing. God Bless and keep up the great work
How do I order from you?
Maybe my calculations are off, but how can this business be profitable if they produce 4 million oysters a year and they sell them for .40cents each? Their overhead is close to $2 million a year.🤷♂
Farming on land or water is a tuf business with zero guarantees. Happy trails
Funny how everyone freaks out about GMO’s and here’s a perfect example how genetically modified oysters are helping expand an industry
it seems oysters are a win win win win scenario. Win for the customer, win for the producer, a win for their employees, and a win for the environment, cause they clean and filter the water. I hope they'll stay in business.
by eating them a lot,we might reduce their population which will be bad
I like it 😁
when i work for the bar, i have to crack full case of oyster every night.(mainly eastcoast, fannybay, westcoast/japanese)
east coast oyster seems to be the worst out of all 3, at least10-20% throwaway (some of them are filled with dirt for extra weight, some are rotten)
fannybay taste bland，you need some lemon tabasco to go with it.
westcoast japanese one smells nice, taste nicely.its the only one i can swallow without any seasoning
Excellent video
Better to use it to clean rivers ponds
5:09 Prove us rising sea levels. It never happened. The ultrarich keep building megamansions on the coast. They know.
I wish you told us what the revenue was, the 1.9 mil is hard without that context
How much money do they make is the question
Wait... They produce 4 million a year and sell them for 40c each.
4 million X 0.40 is 1.6 million.
The annual budget is 1.9 million...
So they lose 300,000 every year? What am I missing here?
Why are these people obsessive with pricing? A lot of things we didn't need to know but they just had to tell us how much an air conditioner cost.
I will never spend a penny on a company that has a price tag on everything they own.
wow
A risky business 😮 sometimes you lost more then you earn 😅
Everything in this business seems to cost $100,000 except the labor. That is $1 million for 36 people or about $28,000 per person. How sad.
Yeah, the numbers are off. But I don’t expect any business to talk about their profit margin, actual cost etc. It’s almost pointless to make a video like this because nobody wants to be totally transparent.
they don't work there all year its seasonal
0:44 why your oysters so brown mate.
Anyone else thinking about how many employees they have 6 days a week for just over a million in labour. Pay a living wage much?
How much is the revenue ?
能否带中文字幕
its still quinoa, literally. hiding from the moonlight and sunlight like that, i have suspicions
That's why oyster is expensive
Hold up. If he sells 4 million a year for 40cents each, which totals about 1.6 million but his expenses are 1.8million how does that make any sense?
"rising sea levels"?.. I've literally lived my entire life on a island right on the beach.. I inherited my families beach house which has been in the same place right above the high tide mark and the water from this "rising" has yet to wash that away.. I mean that's weird right?
4 million oysters at 0.40 ea is $1.6 million dollars but it cost the farm $1.9 million a year. That math doesn’t work.
Just gonna say the oysters that they open and show on the plate at the beginning of the vid… don’t look so hot.. real brown
The royalty fee if is crazy at 10~15%
Why not find some wild oysters and breed them without the fees.
They should switch to LED lamps.
Honestly why don’t just go solar
panels
I wish I wasn’t allergic to oysters.
Oysters are precious gems of the sea. Once harvested, it might take a long while for them to have a huge harvest of oysters once more.They could become endangered. Who knows? Only time will tell.
Endangered? They are farmed! And there are freaking millions of them per farm. What's going to be endangered next? Pigs? Chickens? Cattle? Ridiculous
Lost me at climate change, Oysters been here for a million years, These people are delusional.
If everything was so expensive. They would be bankrupted. How much do they make in Revenue and Net Profit per year?
Anyone who claims oysters are "tasty" is pretending and too afraid to admit they say they are just because others say they are. Its a salty lump of snot, people eat weirder things without pretending they are tasty.
Yea like Rocky Mountain Oysters.
the owner of Ward Oysters looks like a DFB
huh if they have costs of 1.9m per year, and they raise 4m oysters at 0.40 each per year... how is this profitable?
We law abiding citizens/conservatives will always loose, it is because the tyrants/criminals will always cheat. The tyrants/criminals will never play by the rules, the problem is We the People, law abidinging citizens always play by the rules, with a strongs sense of pride, and rightousness.
They probley could make those cage themselves and save alot of money.