A fire at a greenhouse that grew long English cucumbers and mini cucumbers resulted in the complete loss of both crops and the shutdown of greenhouse operations for one year. MDD helped quantify this multi-million dollar claim by using historical information and considering greenhouse production for similar crops in close proximity to the loss. We used this information to help determine pounds of cucumbers grown on a weekly basis. We then applied the appropriate pricing model (contract or market) to arrive at the revenue shortfall for the greenhouse. Upon determining this deficit, MDD looked at what point in the crop cycle the loss occurred to determine the impact of saved expenses such as packaging, utilities and labor.
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MDD Forensic Accountants refers to one or more of MDD International Limited, a UK private company limited by guarantee (“MDD-International”), its network of member firms, and their related entities. MDD International and each of its member firms are legally separate and independent entities. MDD International does not itself engage in the provision of services to clients. Please click here for further details.