What's the strategy (both logistically and financially) for dealing with the 8-10 year maturity cycle of the trees? Also, I'd imagine it provides some moat for preventing new competition into the market.
For us, the biggest issue is trying to forecast what additional non-agricultural projects we may be starting in the near future that would be adversely impacted by a specific piece of land being tied up for 10 years. For example, we're building an event center (weddings, meetings, etc) that will also include outdoor space. As we work through what that will be like, we have to anticipate how that outdoor space would be used if there are trees there or not. Other than that specific example, we try to anticipate sales volumes and then map out the experience...then order, plant and maintain new trees accordingly.