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Sat Jul 27 2024

7 min read
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IFARM Alternate

Written By i-FARM Media Team

There are billions of dollars of untapped value in the African Agriculture ecosystem. Small Scale Farmers, which account for 33 million farms in Africa (97%) face a 20-50% markup of input. These same farmers also lose 40% of the gross value in the agricultural chain to traders, truckers and processors.

Digging deeper into the problem, we notice as much as 80% of these farmers' warehousing needs aren't met whilst up to 37% of what they are even able to harvest is lost between production and consumption. Considering these farmers have access to 60% of the world's uncultivated arable land, something needs to be done.

i-FARM's premise is simple: African Farmers are smart. If they had access to capital at competitive rates, inputs at reasonable prices and modern agricultural machinery, they would drive self-correction in the industry. So, we provide access.

With depreciating African currencies and a ballooning negative agricultural trade balance, we must grow what we eat and eat what we grow. The recent African Continental Free Trade Agreement (AfCFTA) which eliminates 90% of tariffs from signature countries paired with a plump and effervescent African youth force presents the continent with a real opportunity to grow exports and cull imports.

Our i-FARM team, with professional experience which spans multiple continents, educational pedigree from Ivy-League institutions and occupational histories littered with Fortune 500 companies, is perfectly-positioned to drive this trade deficit correction. So again, why now? Right Team, Real Problem and Hospitable Macroeconomic Conditions.

If you would like to join us on this journey, please feel free to contact us using the email address or phone number displayed in this webpage's footer. Additionally, you can leave us a message using the form at the bottom of this page. We look forward to connecting with you!

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