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donovan W

1 reviews | Active since Mar 2014

15 Jan 2025, 15:34

Fedgroup impact farming ****s

This company does not offer honesty, I've purchased 27 blueberry bushes, at first the return was on time,as the years went by the income was supposed to grow,instead payments were always a problem . 1st quarter and 4th quarter income was said to be received. When purchasing the bushes . It stated. First quarter and fourth quarter. 4th quarter been end of December 2024. No payment received,I mailed them to ask them what's the issue. They changed there system. No more 2 payments per year,only one payment which will be paid at the end of the second quarter. The payment which was scheduled for the 4th quarter which I never received in December 2024 won't be paid. I will loose that, there reason been, I apparently gave them permission to act on my behalf as whats best for me. Best for me to loose income on a investment I purchased? How can something be changed after purchasing it? This company is not true to there word. They will most likely reply with some nonsense to this review. It won't change a thing. I regret buying into there lies. To late now. But please,anyone that reads this,don't make the same mistake me and many others have before,do your research properly,this company will cut any corners to save themselves cost. Not the only person this has happened to and definitely won't be the last . FYI my wife bushes on her own account. She to has not received her 4th quarter payment. How many other people is this happening to,to fill there own pockets. I will report this company and post on every platform so people can aware of the way they operate

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Replies (1)
Fedgroup
Fedgroup's reply16 Jan 2025, 12:45
Official
Hi Donovan,  We appreciate you sharing your concerns about the shift to a single annual payment for blueberry assets. Our farming partner made the decision to consolidate payments into one annual disbur*****t to align with harvest periods which are very close together, streamline farming operations, and minimise any potential payment delays.  While this change was implemented to ensure efficiency, we understand the impact it might have on your cash flow expectations.  We want to clarify that you will not lose the 2024 Q4 income. As communicated to all our investors in the November 2024 statement, this income will be paid, along with the 2025 Q1 income, in one consolidated payment in Q2 of 2025.  The harvest periods indicated on our collateral are projected periods as farming products, by nature, operate on timelines influenced by seasonal, environmental, and market factors. As such, the harvest periods and payment frequencies communicated in our materials are always approximations, not fixed dates. Once harvests have been finalised, the harvested product is distributed, farmers are then paid and, once that has happened, payment is made to Fedgroup.  Due to the nature of this model where investors do not liaise directly with the farming partners, Fedgroup acts as a middleman between our clients and farming partners and does not hold onto the funds. Once we have received the funds from our farming partners, it is immediately paid to investors’ Wallets.  Because these are real farming assets on real farms, managed by real farmers, the performance and timelines are impacted by real-world factors that are often beyond our control. While performance might fluctuate, these products are designed to be longer term products, and we are confident that the returns will average out over the full term to align with our initial projections.  Please check your monthly statements for any further updates.