Digital Utilities Ventures, Inc. (OTCMKTS:DUTV) announced on October 5, 2022, that USDA is making $500 million in grants available to boost American-made fertilizer production to spur competition. It will also help combat price hikes on U.S. farmers caused by the war in Ukraine.
Trading Data
On Wednesday, DUTV stock gained 0.68% to $0.0149 with more than 2.19 million shares traded, compared to a volume of 3.33 million shares. The stock moved within a range of $0.0142 – 0.0157 after opening trading at $0.0150.
Latest News
The grants are to be used to support independent, innovative, and sustainable American fertilizer production to supply American farmers. Digital Utilities Ventures and Easy Energy Systems have also announced that the Easy FEN Modular Microbe Fertilizer System, which utilizes the revolutionary, proprietary soil microbe formula – Terreplenish, is now being distributed in the United States.
The soil microbe absorbs plant-available nitrates by absorbing atmospheric N2, while other beneficial microbes thrive in soils and assist with enhanced plant growth and disease control while releasing tied-up legacy phosphorus already in the soil.
The fully automatic system, which can be deployed at rural agriculture co-ops, will convert green local waste from each local community into the very valuable Terreplenish liquid fertilizer soil microbe that is then available for local farmers and growers.
Each EasyFEN system can generate approximately 1/3 of the fertilizer needs for 500,000 acres of corn. As per the USDA, there are 92 million acres of corn being raised in the US; this means that 184 EasyFEN modules, at a cost of $1 million dollars each, could supply 1/3 of the fertilizer needs for the entire US corn market. The Terreplenish Liquid Microbial Fertilizer has been shown to provide for 125% of the water retention of the soil, as well. So irrigation needs can go down by 25%, which is immensely beneficial for areas facing water shortage.
Key Quote
Secretary of Agriculture Tom Vilsack stated: “The USDA believes in the growth of innovative, local businesses owned and shared by people who can best serve their own unique community’s needs, fill gaps, and build opportunities. Recent supply chain disruptions have shown just how critical it is to invest in the agricultural supply chain here at home.”
Technical Data
DUTV stock is trading above the 20-Day and 50-Day Moving averages of $0.0137 and $0.0131 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0092.
