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FADAMA SEED LENDING AND REPURCHASE CONTRACT AGREEMENT (SMAP FARMERS NETWORK)

A platform through which crop seeds and farm operational cost are provided to farmers while investors repurchase after harvest.

Photo of Ozuluonye Shedrack

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EXPLAIN YOUR IDEA

A strategy developed through time by SMAP Business services and consulting limited, a trusted intermediary is to help Finance, provide quality inputs and connect small scale farmers to a ready market which have always been a major problem.We adopted a local name called FADAMA, which is a grouping system in Nigeria through which small scale Farmer are identified, assisted and mobilized by sponsors and investors. The problem of financing farmers has limited farmers. from our research so far, farmers are also faced with both systematic and unsystematic risk which gives room for doubt of being able to pay back . conversely, small scale farmers inability to insure their crops to an insurance company further expose them to other risk associated with farming. There are also faced with the challenge of securing credits, measures to eliminate waste and spoilage,poor health, limited education, low standard of living and low income. We help identify all relevant stakeholders and interested collaborators that will strategical solve these problems faced by small scale farmers. the idea focuses on providing seeds and other operational cost associated with the provision of a particular type of agricultural produce. After harvest, investors in turn buy them off and sell in a given location with high demand. Examples of companies partially practicing this in Nigeria includes, Olams rice farm in Nassarawa state, Dangote rice farm in Jigawa state. through this innovation, we hope to be next

WHO BENEFITS?

Our beneficiaries includes,small scale farmers, investors,Nigerian government,financial institutions, consumers and other yet to be identified stakeholders. Quality produce will increase the health of consumers. Access to finance &Increased income will enable small scale farmers improve their diet,wellbeing & education Increased Government revenue to fund health, education & intervention programmes.Increase exportation thereby correcting balance of trade.Increased return for investors capital

WHERE WILL YOUR IDEA BE IMPLEMENTED?

Our idea will be implemented in Nigeria starting with Benue state,the food basket of the Nation and other countries during our expansion plans.Nigeria have diverse climate and about80% of the land mass is arable amounting to about 82 million hectares

ARE YOU IMPLEMENTING IN AN ELIGIBLE COUNTRY?

  • Yes

EXPERTISE IN SECTOR

  • I’ve worked in a sector related to my idea for over a year

EXPERIENCE IN IMPLEMENTATION COUNTRY(IES)

  • Yes, for more than one year.

TELL US MORE ABOUT YOU!

We are a registered organisation in Nigeria.Our services includeAgro support,finance consulting,business development & Marketing.As part of our effort to meet our clients need we look and work with collaborators in solving community challenges.Our office is Behind Orende School, Makurdi,Benue State.

IS THIS IDEA NEW FOR YOU OR YOUR ORGANIZATION?

This idea is new to my organization and It differs because this time we are proposing to work with stakeholders in solving identified challenges in the agricultural sector, that will translate into more job creation and provision of food for the world through a chain reaction.

HOW IS YOUR IDEA UNIQUE?

(1) This idea requires an integrated innovation strategy that incorporates technological and financial innovations, capacity building along the value chain, enhanced market access for smallholders producers, cross cutting value chain coordinating mechanism and other elements to achieve impacts at scale. 2)Our capacity building program among others will help integrate record keeping practise which will enhance improved decision making (3) This idea borders on Agriculture which is not among the most wanted profession of majority of job seekers but remains the hope of Nigerian government and stakeholders (beneficiary) in correcting balance of trade, job creation and food production leading to more export. By this, we are certain this idea will gain both local and international attention. Similarly, we have designed in the past loan packages for traders, farmers with viable business plans within our location. If this idea is successfully implemented, we are projecting a season of bumper harvests and improved livelihood of small scale farmers Nation wide.Other countries can explore this opportunity as an effective strategy in curbing wastage and spoilag

WHO WILL IMPLEMENT THIS IDEA?

As a team of business development and finance consultants, we will foresee, manage and monitor our idea to ensure it gains full attention and corporation through collaboration/partnership with stakeholders. The role they will play includes,funding, provision of resources, training, interventions and mobilizing of farmers into our network while we ensure proper documentation, linkage services and other action plan as stipulated in our idea.The profile of team members are on each profile page

HOW HAS YOUR IDEA CHANGED BECAUSE OF BENEFICIARY FEEDBACK?

(1) Before now, our idea was to directly use the platform to get data from farmers,but after a feed back session with community members we were introduced to an existing FADAMA platform that we can work with while new members get registered as we progress. This will also save our operational cost. (2) We intended to appoint leaders in each group but now we will use the existing leaders already doing well in over 800 FADAMA family members in Benue State and an average of 35 farmers in each family, multiplied by other state in Nigeria. (3) Beneficiaries requested for an online presence of our platform to ease resource sharing. http://benue.jiji.ng/other-services/smap-farmers-network-investors-invitations-2419983.html,this link was used to text run our idea on the 18th may 2015. we received request for the supply of advertised unripe mango. this will help expand market our option (4) previously we went with age bracket of intending members as 18-65 but we were told from feed Back to adopt 21-65 based on practical scenario. 5) We improved our communication channel to suite different range of farmers 6)We adopted good farming practice to manage risk

WHAT ARE SOME OF YOUR UNANSWERED QUESTIONS ABOUT THIS IDEA?

(1) What percentage of waste and spoilage could be said to have been achieve using this idea during the implementation phase. (2) How do we get investors and off takers at the international markets when faced with Bumper harvest? 3) How do we get improved varieties of seeds and seedlings and which method should we adopt in distributing them? 4) What is our chain of distribution of agricultural input ( finance included)?

WHY DO YOU THINK THE PROBLEM YOUR IDEA SOLVES FOR HASN'T BEEN SOLVED YET?

The problem this idea solves havent been solved yet because, Going by feedback there were identified challenges yet to be solved.It was also clear that more interventions were needed, so we are employing a holistic approach that brings in the skills of many partners to reduce food waste and spoilage and also increase their livelihood. We will work with all relevant stakeholders like experts for capacity building, suppliers to ensure that all farmers have up to date knowledge on good farming practice and offtakers in expanding options for farmers to sell, which will improve information about market price that can improve negotiating power.

WHAT WOULD YOU ULTIMATELY LIKE TO ACHIEVE WITH THIS IDEA? WHAT IS YOUR NEXT STEP TO GET THERE?

Ultimately, we aim at reducing food waste and spoilage. And improving the health, education and overall well being of small scale farmers and their families by establishing a synergy to tackle challenges Our next step includes but is not limited to, 1. Preparation of a comprehensive financial plan 2. Development of a dynamic website for market access, database management and resource sharing 3.building partnership and Sourcing for funds from interested investors 4.Running a pilot program

MEMBERS OF MY TEAM HAVE BEEN WORKING TOGETHER FOR:

  • Between 6 months and a year

MY INTENDED BENEFICIARIES ARE:

  • Within 50 km of where our team does most of its work

MY ORGANIZATION'S OPERATING BUDGET FOR 2015 WAS:

  • Under $100,000

As part of our effort in providing finance and other necessary assistance to farmers in Nigeria and beyond, We have intention to launch a platform known as SMAP farmers Network. This platform is aimed at collecting data of potential farmers in rural communities through an existing Fadama group in Nigeria and to further provide answers to challenges of waste and spoilage how to improve livelihood. We will also use the platform to educate, finance and share marketing informations at the right time to farmers.

We believe there are crops that are highly demanded at the international markets, like Benni seeds, cotton, cassava, cashew etc , hence our platform will facilitate a process of assessing farmers in key areas and ensuring their challenges are addressed by sponsors and investors. We believe companies and individual investor are looking for farmers they can fund to grow a particular Seed, but then with an acceptable credit policy and a contract agreement reached between parties using a trusted platform.

With financial resource as the constrained element, angel investors, Government agencies, international development agencies can be a useful tool in providing the required seeds to farmers without necessarily committing physical cash through an innovated Agro based financial market. we strongly believe Quality Seeds (inputs) can be supplied to identified farmers in the required quantity while farmers implement the planting and harvesting with quality harvest instrument ( mechanised farming) to reduce damage as recommended by community expert. There will be a ready market,off takers and  investors who introduced the initial seed. They buy up the harvest produce at an agreed market price. The existence of this idea is partially from two major selected Entrepreneurs, but with an innovation to repurchase and create a larger market. This idea seem to be the strategic way that small scale farmer can be assessed, without any form of political involvement but young, talented and experienced innovators with ideas to developing platforms that are capable of changing the world in key developmental areas. Our major concern now is the methods to be deployed in repurchasing this harvest should there be angel investors and post advance monitoring and supervision. This idea is to reduce the possibility of waste and niches to financial resources using SMAP farmers Network.  


SCOPE OF OUR AGRO SUPPORT SERVICES

1)Supporting small scale farmers through the provision of finance and other agricultural input (quality seed and seedlings) in Nigeria and Africa durig our expansion plan starting from Benue state.

2) Provision of a ready market at the local and international level eve in case of bumper harvest

3)Ensuring the availability of food all year round.

4) moving from subsistence to commercial farming

SMAP FARMERS NETWORK, will be a platform through which crop seed  and other financial resources are provided to small scale farmers in Nigeria and beyond and with a concrete agreement reached to repurchase harvest from farmers by sponsors, investor or entrepreneur’s with effective demands. For majority of small- scale farmer’s access to financial resources is tenuous, at best. The experience cash influxes after crops are harvested and sold at the market, but tend to have limited access to capital at crucial moments before growing seasons begin. In this opportunity area we are committed in providing ways to smooth the income of small scale farmers both to increase their ability to invest in measures that will improve their outputs, but also in the health education and well being of their families.

We are aware as finance consultants,that there seems not to be any sort of financial market for small scale farmer that is all encompassing, hence we are resolute in insuring that small scale farmers and their family members who toil all day to produce food for the world also access financial resource when they want it and how they want it provided they are character wise positive after assessment by our team and other relevant FADAMA coordinators. 


Our idea will commence with data collection using a networking model that will benefit those collecting this data in the way and manner we presume and effectively filling them in our intended website, also farmers can have access to this website to download, share and register new members in their respective locations bearing in mind the segment as designed.  Also where applicable we may be working with traditional leaders to be able to gather momentum. Small scale farmers based on our research will be grouped with certain parameters to allow room for accessibility. (Existing  small scale farmers family are between 35-40, hence we may be adopting same). What we anticipate from small scale farmers during the first phase includes data collection, secondly collections of finance challenge areas and or type of land and seed crops needed and operational cost of farming a particular type of seed and quantity. This whole process will finally translate into a wider outreach to government, sponsors and angel investors in providing answers to small scale farmers at large and further using the platform to train, create market.

As an organization our targeted clients/ member will be called SMAP FARMERS, must not necessarily be a Nigerian but a resident of Nigeria and any other African country who grow crops and with certain limitations we now call small scale farmers challenges. Other features includes but not limited to:

(1) should be a farmer or intending farmer with passion to start small and grow big.

(2) Willing to be a leader or follower if appointed by our team in their locations or existing leader where applicable .

(3) Willing to participate at the state and national level of the network.

(4) Must provide farming objective that suites our interest areas.

(5) Have fulfill any legal requirements attached to your type of farming.

(6) Must fall within the age bracket of 21-60 years as recommended by community expert. 

(7) should be willing to share ideas and individually connecting our platforms to other farmers in your respective communities, also ensuring their data are captured by our team in you location.


OUR IDEA MISSION

At SMAP FARMERS NETWORK, our mission is to open room for a wider participation among farmer who share ideas through brainstorming in peers and using our strength, platform to attract angel investors, Government, international development agencies and sponsor around the word who share similar view.

IDEA ACTION PLAN AND STEP

  • Informing farmers through various  means like existing Fadama groups facilitators, coordinators  social media and zonal fadama coordinators. While they  accept to provide relevant data that will aid us accessing their strength and weaknesses using SMAP farmers data collection forms. 
  •  Farmer after being captured accepts to be segmented in a group considering their locations, soil test, farming practice,type of farm and areas of interest.
  • Farmers attained peer gathering and moderated by their group leaders as determined by our team in their location to learn newer opportunities within our reach and considering their challenges.
  • After a careful study at the group level a second stage of assessment will be carried on every state and local government to further addressing identified finance challenges with the aim of meeting small scale farmer’s financial needs through investors who are possibly looking for them and their products.
  • After a careful study of different group at the state and National level , our management team can now provide a comprehensive report of farmers activities using a suitable template or business plan to intending and proposed angel investors, government agencies, financial institutions.
  •  Upon acceptance of our proposals farmers gets support from different openings available and a linkage is reached.
  • Our chain of distribution will be from stakeholders to SMAP network and directly to farmers to cut cost and avoid deviation
  • Our teams conduct periodic post advance and monitoring assessment to see if there are deviations from set standard and recommend for a change to beneficiaries (farmers).
  • Where satisfactorily,we will recommend for a better opportunity in the future to enable farmers grow from small scale to large scale 
  • As soon as harvest is done and based on the initial contract agreement reached with investors and offtakers to either repurchase the harvest or we create a market in a highly demanded locations, we can also go ahead to implement our other market option and farmer fill happier.



HOW BEST WE THINK FARMERS SHOULD GUARANTEE OUR PROPOSE ANGEL INVESTORS INCLUDES

  • Farmers must have at least 10% of any financial resources needed as equity.
  • Must have a physical asset in their respective communities.
  • Small scale farmer must be identified/ referenced by a community leader as appointed in their locations.
  • Must have been with us for up to three months and considered as one with a positive mind set and with a good character.
  • Must meet specific sponsors terms and conditions.
  • Must undertake not to divert or relocate until after an agreed term comes to an end.
  • Must provide guarantor and next of king in an event of a breach of contract agreement or frustration.
  • Farms must be genuinely insured where applicable to an insurance company.
  • Must have an account with a commercial bank or community bank in their locations.
  • Must be able to apportion more of its financial resources to operational cost than fixed asset cost of his intended or existing farm. (30% is to 70%) respectively.
  • (11) Members in a cooperative society and duly registered can a better relieve to our team, provided they have one agenda.

Using the 5c model we are optimistic the SMAP FARMERS NETWORK will go a long way in meeting the needs our proposed and intending sponsors, angel investors etc.


WHY WE THINK OUR NETWORK WILL BENEFIT INTENDING STAKEHOLDERS?

Going by the recent economic challenged face by developing Countries like Nigeria with a fall in crude oil price at the international market which has sustained the government and serve as a means correcting balance of payment through trading of crude oil at the international market, Nigerian government through different channels focuses on agricultural sector which was the major sector of the economy some years back. Today the country now import even tooth picks, food that the country was known for. With different calls for an improved farming system and finance considered to be the limitation, we are optimistic of using our idea the right way to mobilized angel investors, or collaborate with international development agencies in curbing constrained element among small scale farmers in Nigeria. getting the right crop seed and harvesting equipment have been identified by existing community experts in agriculture. 

Using the 5c model we are optimistic the SMAP FARMERS NETWORK will go a long way in meeting the needs of our proposed and intending sponsors, angel investors and most especially the family members of small scale farmers who account for up to 42% waste and spoilage.


WHAT 5C MEANS TO OUT TEAM 

(1) Character of  users  MUST be above 70%. 

(2) Terms and conditions of using the platform by users must be met 100%

(3) Capacity of Users must meet 70% Based on our rating. 

(4) Capital of users (farmer 10%) while investors unlimited. 

(5) collateral of user small scale farmers based on grouping or guarantors. 


View more

Team (8)

Ozuluonye's profile
Bahenda's profile
Bahenda Joseph

Role added on team:

"SMAP FARMERS NETWORK INTERNATIONAL LINKAGE OFFICER"

Maryann's profile
Maryann Eke

Role added on team:

"SMAP FARMERS NETWORK SYSTEM AND NETWORK ADMINISTRATOR"

Joseph Gongwai's profile
Joseph Gongwai Lapswang

Role added on team:

"SMAP FARMERS NETWORK ADMINISTRATOR"

Mohammed's profile
Mohammed Attah

Role added on team:

"SMAP FARMERS NETWORK COMMUNITY MANAGER"

Blessing's profile
Blessing Chinyere

Role added on team:

"SMAP FARMERS NETWORK LINKAGE INDEPENDENT CONSULTANT"

Precious's profile
Precious Ozuluonye

Role added on team:

"SMAP FARMERS NETWORK SECRETARY"

SALAUDEEN's profile
SALAUDEEN ABDULRAFIU OYEBODE

Role added on team:

"SMAP FARMERS NETWORK AGRICULTURIST"

Inspired by (1)

Chicken 4all Ltd

166 comments

Join the conversation:

Comment
Photo of Okoye David
Team

This is very laudable and would open up a large retinue of other business opportunities 

Photo of Ozuluonye Shedrack
Team

Dear friends and sponsors,

Introducing our official email address as
Smapbusiness.consult@gmail.com and active for response only working hours. 

I will also want to thank on behalf of my self and my team members, the sponsors, friends, farmers in Nigeria for their support in ensuring our idea get its human centered designed shap. We are certain that there are solution for every challenge and it's only through this participation and similar settings that's solutions are known. Further more we seek from the openideo team to have a Nigerian outreach centre to promote participation among innovators. 

While being optimistic that we will definitely get there soon, please accept out appreciation.

Photo of LOrena Lorena
Team

I like your idea very much as the aim is to help the farmers increase their income and security, and leading to other very important life resources such as education. Keep up the good work and idea of having the farmer's best interests and they will respect you for that and help you make good profits also :) The community will thank you so much too~!

Photo of Ozuluonye Shedrack
Team

Hi dear Lorena Lorena,
Thanks for your wonderful input and commendation. Satisfying our beneficiaries is indeed our top priority. : ) cheers!

Photo of SALAUDEEN ABDULRAFIU OYEBODE
Team

This idea is good but more emphasis should be placed on mechanized farming which will in turn make farming activities more stress less and encourage others to go into farming as well. Also I will like us to push some of our activities to livestock rearers as well in order to enhance livestock production. Or an incorporation of mixed farming system. More also the farmers should be educated on what type of farming system to adopt in order to checkmate risk due to crop failure

Photo of Ozuluonye Shedrack
Team

thanks for your input

Photo of Ozuluonye Shedrack
Team

our offline team members include, Mr Ude Benjamin, crop production technologist,
Mrs Lydia Onuora, Community Manager,
Mr Ode Clement Osaretin,Financial expert

Photo of Chioma Ume
Team

Hi Shedrack,
Apologies for not adding feedback to your page sooner.

It looks like you have a lot that you are hoping to work on as part of this idea! Have you begun to build out any part of the idea so far, or are you still at the strategy stage?

It would be great to know the name of your organization, as well as about any partnerships that you have already established (if any)?

It's great that you found out that the groups you hoped to establish already exists. Do they already have a platform created? If so, are you planning to use it?

What is the primary benefit you are offering small holder farmers through this idea?

Looking forward to learning more!

Photo of Ozuluonye Shedrack
Team

Hi dear Chioma Ume,
Thanks for the feedback.We have test runned most of our ideas and gotten feedback to most of the critical part of the idea from beneficiaries, though we are still at the strategy stage.
The name of our organisation is  SMAP Business Service and consulting limited. We provide business development, Agro support services and finance consulting to our clients.
We have established Oral partnership Benue State Fadama 3 group, Leadway assurance Company and Federal University ofAgriculture
Our partnership will also feature, but is not limited to;
1)Olam Nigeria Limited, Nasarawa
2)Heritage Bank PLC
3) Dangote Group(Jigawa rice Farm)
4) Miva Rice, Makurdi
The existing group have a platform  and we intend working with them. But in other to gain control of the platform during monitoring and evaluation, We wil create our own platform and adopt members and leaders of the existing platform. It is Also necessary to have our own platform since we will be going into contract agreement which will involve other stakeholders. We will be using the source data of the existing group to  
1) Know the number of farmers available and farmers cooperative society
2)To acess the level of each farmers productivity as well as income level
3)To know the type of farming system adopted by each farmer
4)To know the production output of each farmer
5)To determine the level at which they have access to finance and ready market
Our primary benefit to small holder farmers is to improve their livelihood and solve the problem of waste and spoilage by tackling  financial constrained element

Photo of Adeyemi James
Team

Great insight. Action is the driving tool with critical analysis already done. its impact will be felt throughout the country when implemented over the years. Great work to SMAP team.

Photo of Ozuluonye Shedrack
Team

Hi Adeyemi James, 
Thanks for your commendation.

Photo of Wilson Abah
Team

I think it's a great idea.
What are your strategies to ensure the security of capital from private investors and accountability from the  small scale farmers?

Photo of Ozuluonye Shedrack
Team

Hi  Wilson Abah,
Thanks for your comment. There are certain criteria, requirements, terms and conditions that must be met by SMAP, investors and farmers to ensure the security of capital. Some of which will be found in the memorandum of understanding.It includes but is not limited to:
1)The 5c's which stands for Character, condition, collateral, capacity and capital from users(equity)
2)Farmers must have an account with a commercial bank or community back in their location
3)Farmers must provide guarantors etc

Photo of Wilson Abah
Team

This is definitely a good Idea. 

Photo of Ozuluonye Shedrack
Team

Many thanks

Photo of Joseph Gongwai Lapswang
Team

Irishpotato farm in plateau now is affected by some diseases in some area like bokkos local government. Govt. Should do something quickly about it

Photo of Maryann Eke
Team

This is not good news at all, as we are yet to deal with tomato scarcity caused by a ravaging insect pest called Tutu absoluta which has destroyed an estimate of 40% of anticipated harvest. The government and all bodies involved needs to do something fast about this.

Photo of Simone Alexander
Team

Really sound idea. Nepal would equally benefit from this idea. 

Photo of Ozuluonye Shedrack
Team

Hello dear simon Alexander, 
Thanks for your commendation. Who is Nepal and how will they benfit from this idea?

Photo of Simone Alexander
Team

Sorry - I mean the country;). Many farmers face the uncertainty about whether they can repay loans so to support this financial aspect is well worthwhile:)  

Photo of Ozuluonye Shedrack
Team

Hello Simon Alexander,
I just figured that Nepal is also a country. Indeed, Nepal will also benefit from it likewise Nigeria and other countries. Thank you for your wonderful input

Photo of Simone Alexander
Team

Hi Shedrack, Please check out our idea as you inputs would be much appreciated. Maybe there is a larger  opportunity to create a on-line sharing platform?  

Photo of Ozuluonye Shedrack
Team

Hi Simon, 
You will get my feedback soon. Thanks

Photo of Elizabeth
Team

Beautiful idea, great concept. Twill go a long way in helping Nigeria's economy if well implemented.

Photo of Ozuluonye Shedrack
Team

Hello Elizabeth, 
Thanks for your input

Photo of esther ogenyi
Team

This is a good innovation, however, it is a different thing to bring up an idea and another thing to make sure that these ideas are properly implemented. I however have no doubt that if this is put in order, it will go a long way to reduce wasteages and improve the lives of farmers/nigerians in the country. Good work

Photo of Ozuluonye Shedrack
Team

Hello Esther, 
Thanks for your wonderful input. Its been noted

Photo of Ajedinho
Team

Awesome idea. I cannot help but commend the commitment to this work. I trust that Shedrack Ozuluonye, Eke Maryann and the rest of the team members will deliver.I see a touch of proffesionalism and determination in this work as there are already off to working on the algorithm that should come during implementation. Benue is also a very good place to start. Goodluck SMAP.

Photo of Ozuluonye Shedrack
Team

Dear Ajedinho, 
Thank you for your commendation and faith in us. We will surely deliver

Photo of Ayegba
Team

It's a great idea. It will possibly as well reduce poverty

Photo of Ozuluonye Shedrack
Team

Hi Ayegba, 
Thanks for your input.
Improving their livelihood is all part of the plan

Photo of Maryann Eke
Team

Hello, 
In using technology to ensure that farmers have ready access to relevant information, we are currently working on an algorithm to develop a website with the primary aim of information sharing and online support group. This algorithm have been shaped by feedbacks and beneficiaries input. We also understand that some farmers in rural areas may not have access to the internet but they will be a medium to reach them. In a bid to encourage more people to go into farming as a means of curbing unemployment majorly among graduates and youths, finding a support group and access to information online will also be very beneficial. This site will also highlight the strategic and operational component of the agricultural value chain. 

Photo of Ozuluonye Shedrack
Team

Hello dear Maryann, 
This is a wonderful idea. This will also serve as a platform for linking various stakeholders in the agricultural industry and hence a ground for interaction, marketing, advertising and even selling of agricultural products. This platform will help expand the Nigerian farming market all over the world therefore boosting direct investment, creating employment,  increase income base, identify larger buyers and  reduce waste and spoilage

Photo of enenche Boniface
Team

Their difference ways of reducing food wastage and spoilage:1) Establishment of market. 2) Adoption of improve preservation and food storage facilities e.g warehouse,grain reserves etc (3 bursting the purchasing power of consumers (4 government policy e.g bounding of importation, insurance trust (5) industrialization e.g agricultural mills. 6) establishment of agricultural training centres 7) good communication and transportation networks.

Photo of Ozuluonye Shedrack
Team

Hello Enenche Boniface,
Thank you for your detailed suggestions and points on how to reduce spoilage and wastage. Your points have been noted. Our structure will look into those that have not been considered and improve on those already considered

Photo of Ann Eke Ojobo
Team

I think this is a beautiful idea and I appreciate the work you guys have done so far.It's also pleasing to see young people do big things for themselves and the country at large.
The futuristic plan I'm sure is to make these small scale farmers produce on a large scale.From my observation of these advanced countries,they have an effective storage system so much as when the consumers buy these produce,it's as fresh as it just came out of the farm irrespective of how long it took.

Nigeria is still faced with a major problem of power to run storage systems,which investors will also be interested in,what are your plans regarding this?

Photo of Ozuluonye Shedrack
Team

Hello Ann Eke Ojobo,
Thanks for your wonderful input. We expect bumper harvest with this structure and so we are ensuring there will be a ready and accessible market.we will work towards adopting the best storage structure even if it means including renewable energy.  

Photo of Ijiga Emmanuel
Team

Whoa. ....this really a great innovation and a bold step in the right direction for farmers in the country as whereas for youths who wish to go into farming to curb unemployment as this we go a long way to reduce wastage due to poor storage facility and lack of mechanise facility by peasant farmers.I we not hesitate to contribute my own contribution 

Photo of Ozuluonye Shedrack
Team

Hello Emmanuel Ijiga, 
Thank you for your input. Skills acquired will also enable all relevant stakeholders learn proper storage techniques from the bungu (local and cheap) to modern storage facilities where need be. We look forward to working with you during implementation

Photo of Joan
Team

This is a great idea...so much solution. It shouldn't go unnoticed..welldone

Photo of Ozuluonye Shedrack
Team

Hello Joan, 
Thanks for your assessment and feedback. Have you ever been or considered to be an investor in Agriculture? A small scale farmer? Or an off taker?

Photo of Beke Ogwuche
Team

Nice I hope it gets implemented

Photo of Ozuluonye Shedrack
Team

Hello Beke, 
thank you for your feedback

Photo of ntino njigabor
Team

Cool work keep it up... 

Photo of Ozuluonye Shedrack
Team

Hello Ntino, 
Thanks for your feedback.

Photo of Victor Odoh
Team

This innovation is great. With no doubts, I believe If efficiently implemented, will on the long run largely reduce this problem of waste/spoilage of farm produce especially by peasant farmers. This is really a source of hope and encouragement to these small-scale farmers and also for intending farmers/ entrepreneurs dealing with farm produce. I wish this a huge a success.

Photo of Ozuluonye Shedrack
Team

Hello Victor Odoh,
we  appreciate your input and will appreciate your further inputs as regards efficiently implementation of our idea.
Do you thinks small scale farmers will still breach our processes along the line?

Photo of Victor Odoh
Team

A lot of these helpless farmers have suffered great losses due this issue of wastage/spoilage and so there's a great need to eliminate this problem. The advantages of your program (if carried out properly) to these small-scale farmers cannot be over-emphasized. Like I said, if this can be EFFICIENTLY implemented then there will be no fear of a breach by small-scale farmers. Of course, provided you have got no competition/rivalry company in thesame target area offering same services to these farmers with extra enticing packages or offers attached. So speaking with a high degree of certainty, a breach by small-scale farmers doesn't seem likely to me with all said.

Photo of Maryann Eke
Team

Hello Mr Victor Odoh,
Have you ever considered venturing into small scale farming at any point?

Photo of Victor Odoh
Team

Yes I have, and still considering. Does this program intend to cover poultry/livestock farmers in any way? Or is it just segregated to only crop farmers? 

Photo of Maryann Eke
Team

Hi Victor Odoh,
We hope to work together when you make up your mind. For now, it is limited to crop seeds but in the course of expansion, we hope to also consider and introduce livestock.

Photo of Victor Odoh
Team

Ok Ms. Maryann. I and friends over here are highly anticipating the commencement of this program. No delays please

Photo of Maryann Eke
Team

Hi Victor, 
We will see to that as soon as possible. Thanks for your input

Photo of Ozuluonye Shedrack
Team

Hello Mr Victor, 
We will kick off as soon as this is approved. And yes, without delays. Thank you for your inputs

Photo of ntino njigabor
Team

Nice work dear

Photo of Age Jerry
Team

This is cool

Photo of Ozuluonye Shedrack
Team

Hello Jerry, 
Yes it is. Thanks for your feedback.

Photo of Henry Mmaduka
Team

I really think this is a good and great  idea and that it will help agricultural growth in our country by enhancing the chances of all our devoted farmers in gaining quality seeds with quick sales of all harvest with convenience 

Photo of Ozuluonye Shedrack
Team

Hello Henry Mmaduka,
All the benefits proposed in this idea  will also encourage  devoted , discouraged and intending farmers. Thanks for your input

Photo of Benjamin
Team

This will go a long way to help the peasant farmers to help improve their  produce which in the long run will affect the economy of the country positively.

Photo of Ozuluonye Shedrack
Team

Hello Benjamin, 
Thanks for your input. We will be working with all relevant stakeholders as the country is diversifying into agriculture as a substantive revenue yielding sector.

Photo of Ekoja
Team

This is a very brilliant idea. if only this can be put in place, pesant farmers will very happy.

Photo of Ozuluonye Shedrack
Team

Hello Ekoja, 
Thanks for your input. We aim at satisfying all our beneficiaries and every stakeholder involved.  We will make sure everthing put in place during implementation

Photo of Bobby
Team

Great innovation

Photo of Ozuluonye Shedrack
Team

Hello Bobby, 
Thanks for your input. We will appreciate if you can add value to that.

Photo of Jeffrey
Team

Hello team Shady... Just like I mentioned in my previous contribution, I have seen this idea work before and so I only owe you a hip of goodwill courtesy,,,, that aside, I come from a typically agrarian region of Benue state and the people including me use agriculture as a major source of survival, cutting accross several methods or adaptations. One practice I surprisingly witnessed recently is that,,, farmers out of desperation  collect money from local produce buyers even before seed Plantation time. When they finally plants and harvest those buyers come and collect their products according to the measure of money being owed. I don't know if you understand what I just wrote but the good news is that compares to that kind of an idea, which varies from yours a bit, your own is to a greater height more better. My question however is that will the seeds be donated for free or at a subsidized rate? Pls don't question if I really read the whole content of your idea or not... However it maybe I really think it serves the locals much more better and they will readily embrace it too

Photo of Maryann Eke
Team

Hello dear Jeffrey,
Its good to know such practice has been adopted by a small group in your locality as it is definitely a way forward. SMAP farmers network will create more awareness so that more small scale farmers will know and benefit from this system.we will also act as an intermediary by bridging the gap between farmers and off takers therefore ensuring a ready market and easy access. SMAP farmers network will reach out to a wider range of farmers,ensure more  security considering the memorandum of understanding involved and insurance cover and also ensure there is no breach of contract. The seeds will be given free and at subsidized rate depending on the agreement. We hope to work with you and the people from your region in improving their livelihood by providing a better alternative. Thanks for your input

Photo of Jeffrey
Team

Okay.. Thank you. I'd also like to add that to make the program successful, farmers should also be encouraged to go beyond just subsistence farming into large scale farming by way of encouraging them with modern farming machineries and also various training and orientation exercises. If you are ready to implement, I can help on my own part link you with people that will popularize your idea. 

Photo of Maryann Eke
Team

Thank you so much Mr Jeffery. We aim at introducing mechanised farming and equip farmers with necessary skills. With this structure in place, they will be reduced wastage, spoilage and improved productivity. Farmers can then practise both subsistence and commercial agriculture. We will be glad to work with your network. 

Photo of Ozuluonye Shedrack
Team

Dear Jeffery,
Thank you for your assessment, suggestions and commendation.we appreciate that you believe in this idea. We will be glad to reach out through your link as we work towards improving the livelihood of small scale farmers

Photo of Odjirigho Victor
Team

Wow in my humble opinion, think  this is going to be a very major step forward fr our farmers once implemented.  I say this because whenever travel through he Benue axis towards the South-eastern Pt of the country, the level o wstage see makes me feel real bad, especially as just few kilometers away , this crops are needed in high quantities. So as a tool to check food wastage, its a go go and a win win for this sector. Also to add, think the Social media should be used to spread the good news to these farmers through the youths, because if am aware, 70% of the farmers in my hometown are going to know about it too. Nice one here

Photo of Maryann Eke
Team

Dear Victor, 
Thanks for your assesment and commendation. We will definitely involve social media to create awareness and other mediums for farmers that might not have access to social media.You have been aware of the major challenges faced. Now that there is a system aimed at checking it, We hope you will consider venturing into small scale farming once this is implemented?

Photo of Odjirigho Victor
Team

You are welcome Ms Eke, hehe who would'nt Venture into such lucrative enterprise. yes with all pleasure will. 

Photo of Maryann Eke
Team

Hello  Victor, 
Your move will be a bold step in the right direction. Thanks for your input

Photo of Ozuluonye Shedrack
Team

Hello Mr Victor, 
Thank you for your wonderful assessment and commendation. We are all involved in this as we will all benefit from this.you are welcome to start

Photo of Dammy Lawson
Team

It's a very fantastic and a wonderful idea now that the economy of the country is not in good shape, with the diversion of  it's source of revenue to re-focus on agriculture. It will encourage and enhance both commercial and subsistence agriculture in the country to further boost food production and distribution. 

Photo of Ozuluonye Shedrack
Team

Hello Dammy,
Thanks for your wonderful commendation and input. We will see to the successful implementation of this idea and ensure high productivity

Photo of Ekins Akin
Team

Great innovation I must say. I look forward to the funding and implementation of this great idea. As I am considering going into small scale farming like my father. With this initiative at this time, a lot of people will be encouraged to go into agriculture as there is a lot to gain from it with structures like this.

Photo of Ozuluonye Shedrack
Team

Hello Ekins Akin,
i am thrilled because my idea was able to convince you further in venturing into Agriculture since waste will be eliminated.  lets i forget i will appreciate if you could share the area of farming you intend venturing and that of your father currently.

Regards

Photo of Ekins Akin
Team

My dad is into Cash crop farming but he's challenges is that the farm is not easily accessible because no good road and most of he's product just waste, but am sure with this idea of yours it will help him safe cost. Am also considering venturing into it but I am faced with the challenge of securing a land for it.

Photo of Maryann Eke
Team

Dear Ekins Akins, 
You are welcome to join any FADAMA group in your locality as we will be working with them. You can also introduce this platform to your dad to help him reduce waste, spoilage and improve his productivity. In the course of expansion, we will also consider involving an agricultural scheme that will enable intending farmers secure a farm land and encourage them to Get started. Thanks for your input

Photo of Leo
Team

First l'll like to commend the team for an idea as brilliant as this. Speaking from the perspective of a small scale farmer that I am,I'll note here that the major challenge we face is getting our produce to ready buyers before they perish. if the objective of connecting a buyer to the seller is achieved by this project then I think the  problem of the small scale farmer affected is 89 percent solved as the major problem of  small scale farming is more of pro-harvesting than pre-harvesting(I.e getting a buyer)..This project  i believe if implemented will to a great extent reduce the proximity between the farmers and  ready buyers thereby reducing the rate of wastage.. once more I say BRAVO to Mr.Shedrach and  the team for  a job well done..

Photo of Ozuluonye Shedrack
Team

Dear Leo,
we are happy to receive your feedback as a farmer here in Nigeria. as an expereiced farmer you are we are happy to inform you that this platform will eliminate your food waste and spoilage due to low demands.
we seriously believe the demands for most agricultural products has an effective demand in different location and at different time and with our platform  we will be able to  intermediate , using investor to provide answers. 

Thanks for your feedback.

Photo of Maryann Eke
Team

Hello Leo,
As a small scale farmer, what do you produce? Do you also employ mechanised farming? Are you also associated with any organisation that supports farmers?

Photo of Leo
Team

thank you Miss Eke for the question...majorly  i farm beans and yam.my method is strictly manual and for now  i am not associated with any organisation. I'm hoping to work with this your new scheme though..

Photo of Maryann Eke
Team

Hi Leo, 
You are very welcome to join. You can join any of the FADAMA group in ur locality for a start as we will be working with them. Thanks for your input.

Photo of Jeffrey
Team

I must confess that the idea is very brilliant and also to a larger extent very feasible. I've seen it work practically and I have no doubt that this will not be in any different especially from the improvements I've seen on linking already - waiting buyers. Just like Mr Leo said the problem has always been to get in contact with willing buyers, so if that Link is established most farmers will be smiling to the banks. However the chain needs to be monitored which brings the part of the government in terms of monitoring and good policy implementation ... Good luck team shady

Photo of Ozuluonye Shedrack
Team

 
Hello 
Jeffrey,
i am thrilled about your commendation and assessment during our feedback stage. we already have a road map to buy directly or introduce off-takers along the line. the platform has its focus on Financing and market creation. its will be  encompassing.
Thanks for taking the time to send in your feedback online.

Photo of Maryann Eke
Team

Hello Mr Jeffrey, 
I suspect you might have been involved in small scale farming from your input. Can you give us a liitle insight on that? What you did? Challenges you faced? And your current position on it?

Photo of Chidubem melford Onwuzu
Team

It's a very fantastic idea especially now the nation is diversifying it's source of revenue to re-focus on agriculture. It will encourage both commercial and subsistence agriculture in the country to further boost food production and distribution. 

Photo of Ozuluonye Shedrack
Team

Hello Chidubem melford Onwuzu,
i appreciate your contribution and assessment  to our idea submitted as a beneficiary.
definitely we be able to tackle waste and spoilage among small scale farmers.
Regards

Photo of Maryann Eke
Team

Hello Mr Chidebum, 
Indeed, the gospel of economic salvation cannot be preached without due regard to agriculture development. Agriculture is a major and most certain path to economic growth and sustainability as it encompass all aspect of human development. With structures like mechanised farming and integration of other technological and financial innovations, we believe we will achieve that. Thanks for your input

Photo of Mohammed Attah
Team

As an environmentalist, charity volunteer and one that have evaluated series of proposal on many subjects, this idea is not only unique but highly innovate. It is a fact that only in Asia that we have this idea working. And as someone that have participated in mentoring youths across the Commonwealth on similar projects, it is very supportive that we can have this innovative idea from a youth, especially in this trying period of our lives. I sincerely hope this idea will generate greater interest than I envisaged.

Photo of Maryann Eke
Team

Hello Mohammed Attah, 
Getting this feed back and commendation from someone actively involved in mentoring youths across the Commonwealth on similar project is highly appreciated. We also hope this will generate greater interest than envisaged as we do our best and work together to realise this. Every one is a potential stakeholder.

Photo of Maryann Eke
Team

Hello Mr Shedrach,  
I understand that this model works with structures, in which support  services are channeled through a supply chain to improve performance and value creation. I also understand that contract farming is an effective way to coordinate and promote production and marketing in Agriculture, which will help introduce new technology enabling farmers learn new skills and be introduced to new markets which might otherwise be unavailable to small scale farmers thereby, eliminating waste and spoilage. But there are cases of breach of contract. How do you intend tackling inefficiency and marketing problems which can come in form of side selling, or manipulation of quotas whereby not all contracted production is purchased? 

Photo of Ozuluonye Shedrack
Team

Hello Maryann, 
in every investment or platforms there are provisions for casualties as a result of breach of contract agreement caused, but then we would try as possible to curb same through legal professional advice. from feedback which i were part of in Benue state the need for access to a wider market is crucial and we have on our next stage. The inefficiency arising from side selling based on our platform will be eliminated as farmers wont be allowed to harvest until off takers and or SMAP team are ready to.  meaning harvesting must be done with our approval and not farmers decision alone. this whole information will be capture in the contract agreement to farmers.

Photo of Maryann Eke
Team

Wow, this idea tackles these challenges from every angle. Its therefore safe to say the memorandum of understanding will also include details like mutual approval. That way, it is important to create and maintain a reliable and open line of communication to keep everyone involved in the know in order to avoid drying of crops and other negative effects that can arise as a result of late harvest.

Photo of Ozuluonye Shedrack
Team

Hi,
Absolutely we will be open to the core. 

Photo of Ozuluonye Shedrack
Team

Hi Maryann,

i will like to know your view on our team feedback form now attached.

Photo of Maryann Eke
Team

This is indeed an elaborate overview of the feedback. However, I want to note that there is no place for the integration of  technological innovations such as mechanised farming which increases farm work productivity, use of social media and an online presence in the form of links and websites in the course of implementation. To ensure wider and easier access and participation to basic informations across the globe.

Photo of Lawrence Ochogwu
Team

Totally agree with this. 

Photo of Ozuluonye Shedrack
Team

Thanks for your feedback.

Photo of Maryann Eke
Team

Hello Mr Shedrach, I have gone through your updated feedback and I must commend ur excellent output and overview. Your work is also very professional. I hope this scales through all this phases as I look forward to its implementation. Due to time constraint, other feedbacks might not reflect here but feasibility study will still go on even after this phase of the project as we work towards adding value to life.

Photo of Joseph Gongwai Lapswang
Team

Bro Shadrach I am really imprest by your good work toward bringing the face of Nigeria back to Agriculture. I will really back you in to this project

Photo of Ozuluonye Shedrack
Team

Dear Joseph Gongwai Lapswang,

During our feedback you impressed out team and we are happy inviting as a team member.

Photo of marco mihambo
Team

Hello! Shedrack Ozuluonye!
Actually, you have done a great job through such observation to farmers who real face that challenge and confidently, your model would help to lessen such scenario.

Photo of Ozuluonye Shedrack
Team

Dear Marco Mihambo, 
we appreciate your modest and professional assessment on our idea.  expecting to adopt your idea to further add value to our work.

Photo of Samuel Ike
Team

I think it's going to ameliorate the rate of poverty in our sodalicium (Latin:Society). With proper storage facilities in place, this project will also tackle waste and abrogate spoilage.

Photo of Ozuluonye Shedrack
Team

Hello Samuel Ike,
As a team we welcome your assessment and commendation.
please do you think we should adopt storage or processing?

waiting for your response. 

Photo of Mohammed Attah
Team

I found the buy-back program introduced by Shedrack as a great new initiative that can bring about new improvement in the agricultural sector. Like in contract management process, the idea of contracting farmers through supply and purchasing will greatly encourage relationship that last. In essence, farmers who are hitherto not sure of selling their end products now have a ready market, while supply/buyer will have the added advantage getting back their investment. This is a great and highly innovative idea

Photo of Ozuluonye Shedrack
Team

Hello Mohammed Attah,

We are thrilled by your assessment and contribution during this feedback stage, however based on your contribution and experience as a farmer in Nigeria, will welcome more innovative suggestions  that will elevate our idea and ensuring a niche free during the cause of implementation.
You are most welcome to the team.

Regards.

Photo of MC Energy
Team

I think this is quite innovative and it would help the farmers on getting the right seeds for production. Thumbs up.

Photo of Ozuluonye Shedrack
Team

Hello MC Energy,

I appreciate your  feedback assessment and commendation.
thanks

Photo of ese
Team

Brilliant idea.

Photo of Ozuluonye Shedrack
Team

Hi Ese,
 i appreciate your commendations and will like to add more value to the idea.
Thanks

Photo of PAUL OWOYEMI
Team

government should step in by encouraging these farmers with improved seedlings and not only that soft loan with no collateral should also be provided. lastly, and importantly, government should put a system in place to buy produce from this farmers. instead for the farmers to start moving around looking for buyers. the goverment should buy it form them and find a way of storing or preserving them. by this the farmers will be rest assured that even if they produce excess produce, a market is waiting to absorb it. by this they will be encourage to even do more.   

Photo of Ozuluonye Shedrack
Team

Dear PAUL OWOYEMI,

Thank for your feedback as a beneficiary, and be rest assured that our platform will explore available opportunities with current Government in combating waste and spoilage among small scale farmers. 
the is not just a one mans affairs but for all stakeholders.

Thanks

Photo of Blessing Chinyere
Team

This is a very viable business idea,the government and CBN have noticed the importance of agriculture to Nigerian economy since Nigeria is dependent on the oil sector.oil is really a looming time bomb whereas diversification will assist balance Nigeria economy.farmers in Nigeria when assisted with the following idea mentioned above which includes mechanization,soft loan,insurance cover ,constant training,will boost agricultural sector and as well increase Nigerian GDP.Why youths neglect agriculture is because it has not been attractive,once they are given loans and agriculture is mechanized they will venture into it thereby reducing unemployment in Nigeria.CBN has lunched different agricultural loan but ways of accessing it is a problem.but with this initiative,farmers in the rural areas will benefit.But there are risks associated with this type of lending...the risk of default,this could be as a result of crop and pest disease,poor harvest,diversion of funds,lack of storage facility,poor sales.once the farmers are trained and monitored on this,these risks will be mitigated.

Photo of Ozuluonye Shedrack
Team

Hi team member,
Your assessment and feedback, as a financial expert with over 10 years of professional banking experience in Nigeria will noted and we wish you further look into other ways we could work together as team in curbing food waste and spoilage using finance and market which our idea tends to facilitate.
we will further appreciate more information as regards the rate of failure in financing similar projectors in Nigeria by the Central bank of Nigeria.
Be rest assured that as a team we hope to further make this idea come real in Nigeria.
Regards

Photo of Chukwuemeka Ogele
Team

Good initiative.if implemented it will help Nigeria and nigerian economy.

Photo of Ozuluonye Shedrack
Team

Hello Chukwuemeka Ogele,
I i appreciate your assessment and commendation. Nigerians will definitely benefit if approved if our idea succeed finally.
Thanks

Photo of Mbabumun Judith
Team

Great concept Mr shedrack ozuluonye.
be sure to monitor during implementation.

Photo of Ozuluonye Shedrack
Team

Dear Mbabumun Judith,
I appreciate your feedback as beneficiary of this idea and your inputs well noted.
thanks.

Photo of Bahenda Joseph
Team

Hello Shedrack,
Thank you for sharing the update. I will come back to your question another time as my time matters for now. But I think you have done your best to explain your idea and it is clear ccroding to me. The team is always important because you cannot do everything alone, and any business needs different skills and talents to succeed, thus I am getting back to the question :" Who will implement this idea?"  
I do not have more for now except inviting you to visit our blog https://chicken4all.wordpress.com/contact-us-2/; and to follow us @infochicken4all

Have a good weekend

Joseph

Photo of Bahenda Joseph
Team

Good job Shedrack Ozuluonye!
Honestly speaking, you are committed and your work looks more and more professional and commendable. I wish you the best of luck, and I believe you can make it true. Congratulations.

Do not forget to follow us on twitter @infochicken4all

Joseph

Photo of Ozuluonye Shedrack
Team

My brother, the openideo platform is a good site to learn as a training specialist. i am getting more and more committed considering feedback responses. 

I appreciate thanks. we shall get there by his grace. 

Photo of Ozuluonye Shedrack
Team

Hi Joseph, 
 i will like to know your view on our team feedback form now attached.

Photo of iveren agbatse
Team

What i find very interesting is the interaction with the farmers. this will enable them be part of the initiative.

Photo of Ozuluonye Shedrack
Team

Hi iveren Agbatse,
An idea is best done by the initiators like wise users contribution.

Photo of Bahenda Joseph
Team

Hello Iveren agbatse,

I trust Shedrack Ozuluonye will be able to make it for some obvious reasons:


(1) He is proactive

(2) He believes in his venture and in himself.

(3) He has been able to develop a well-oiled network where he can get fresh ideas from.

(4) He has built a knowledgeable team to run the business

To name but a few.

Regards,

Joseph
http://www.chicken4all.bi/

Photo of Ozuluonye Shedrack
Team

Hi Joseph, 
i am thrilled at your description about me. the truth is that as a training specialist with thousands of trained innovators as followers in Nigeria i am expected to do a good job and let God conclude the rest.  the platform to me seems educated as i am also adding business planning skills using the user map experience. when i see viable opportunities i don't let them go without a trail and commitment. our both idea succeeding at the end means we all work well for it and not just me as an individual. i appreciate your strong words of encouragement and support to this idea.

regards

Photo of Ajayi Serah
Team

Good link between farmers and investors, which will create more opportunities. And leads to the fulfilment of SDG's goals, especially goal 1 and 2. More strength bros

Photo of Ozuluonye Shedrack
Team

Hello Ajayi,
thanks for your assessment on our work, we are happy your input came up at this time, however we will appreciate if you could explain more on SDGs and how they operate.

Photo of Ugbede Iyaji
Team

Great idea, most important is to share skills and expertise from experienced farmers because majority of smallholders farmer apply traditional technology in farming which this will limit the return.

Photo of Ozuluonye Shedrack
Team

Dear Ugbede Iyaji,

you are right, thank for your assessment on our idea 

Photo of Maryann Eke
Team

Thank you Mr Shedrach. I commend your commitment , efforts, touch of professionalism and explicit approach. Best wishes

Photo of Ozuluonye Shedrack
Team

Thanks

Photo of Ozuluonye Shedrack
Team

Dear team member,
you re fantastically correct you know? 
thanks

Photo of Maryann Eke
Team

Farmers will benefit more from low premiums and higher insured sums as agricultural insurance is an effective mechanism for reducing the losses farmers suffer due to natural calamities and outbreaks of pests and diseases. It enables farmers to obtain credit and financing for investment in new technologies, tools and equipment to sustain and enhance their productive capacity. It also assist farmers in regulating cash flows and rehabilitate damaged enterprises. This insurance policy seems feasible in Nigeria.

Photo of Ozuluonye Shedrack
Team

After completing the user map i thinks i can use same for other of our organisation projects 

Photo of Vegetable Resource Centre
Team

Hi Shedrack, the fact that you have applied the feed back session with community members who introduced you to the existing FADAMA platform has greatly benefited this idea. Have you got answers to your unanswered questions or how do you intend to deal with that?

Photo of Ozuluonye Shedrack
Team

Hello team members of Vegetable resources Centre, 

Thanks you for your assessment on our idea for financially solve waste problem in Africa through time. however i have been also reading up your team work for some time it sounds great. 
off course the feedback to use existing platform in implementing our idea was loadable and accepted by FADAMA coordinators we had intersections with please find attached video for more analysis on their feedback if you haven'.
Regarding your question, we had a clue to the answers but not too sure, hence we will want to get professional view from open Ideo team during the second stage. we believe they can help us in answering those questions.  







 

Photo of Maryann Eke
Team

Agriculture has been the main stay in so many countries including Nigeria , prior to the discovery of crude. From my observations, attention is not paid to what happens after harvest and as such, farmers experience huge waste and spoilage reducing their productivity and output the next season. If this approach of quality input lending, resource provision and off taking is successfully implemented, it will go a long way in solving so many problems in the process including recycling and conservation. This will in turn lead to excess food crops and industrial crops production. Creating job opportunities, increasing revenue and also transforming the social and economic  framework of the economy. This ripple effect will not just spread across Nigeria but the world at large. I look forward to the implementation of this laudable idea.

Photo of Ozuluonye Shedrack
Team

Hello Maryann, 

i appreciate your modest and sincere feedback from our community Nigeria. 
your analysis and feedback of our idea is well noted. 

Photo of Ozuluonye Shedrack
Team

hello joseph, 

i appreciate. 

Photo of Bahenda Joseph
Team

Hello Brother Shedrack. Thank you for taking time to read my story. More comments are naturally welcome.
About your question, you could altelnatively google these expressions: Incremental Investment, investment decision rules, Net present Value, etc. You will surely find the answer that you are looking for.

Photo of Bahenda Joseph
Team

Hello Brother Shedrack. I hope my comments will find you well.
In case you wish to make your plan more rational and based on empirical facts, you may need to calculate the failure rate: you assume that there is no failure possible before time t0 (the starting time of your operations), and that the failure occurs in an interval [t0 , t1]. You can estimate the failure rate in this interval of time. This is the probability that some of your clients will not pay back during this period of your operations. The outcome will show you how many people you will grant the credit to and still make profit, bearing in mind that not everyone is going to reimburse the credit. You have also adopted a good strategy by choosing a peer to peer lending model: you have thus reduced the degree of your accountability in this matter, which is a good move.
In the second question, the risk is higher because you talk about “ in case An Act of God occurs”, and I assume your target group may not be able to afford such an insurance coverage. The best you can do is to discuss this issue with insurance companies and the administrative authorities so that you can agree on how to cover this type of risk.
Number three and four are also difficult. Yet you can add a sort of hedging paragraph in the contract in such a way that you both allow the market to determine the price.

Photo of Ozuluonye Shedrack
Team

Hello brother Joseph, 

lets go back to your contributions of failure rate, i will appreciate if you can give me a clue on how the design a failure rate. i was of the view that since its a new idea, we use six month to be able to calculate for failure rate.  

Photo of Ozuluonye Shedrack
Team

Dear friends, after watching some video of my community feedback, i will appreciate you get back to me for modification.

Regards  

Photo of Ozuluonye Shedrack
Team

Hi Bahenda Joseph, we are in receipt of your modest and professional view, which has qualified us into the second face and would like to thank you for your quick responses as well.

today we visited MR. JAMES A KER  programme manager Benue State  Agricultural and rural development authority who directed us to team leaders, head of all units in the sector to further get our feed back. we were surprised as our idea were welcomed and slightly modified to suite local content.  


how ever regarding yours suggestions as sorted by me,  be rest assured that we will also modify where possible and meet with insurance companies in Nigeria like lead way insurance company etc.  considering the possible rate of failure we may not be able to zero the fact that failure do exist in farming not to talk of small scale farmers, we have a video that have already suggested way forward.Based  on our assessment and professional view we may make provision for at least 4% default from farmers and both investors in keeping to an agreed terms. 
we have also be told that a well organized teams of 35-40 exit for small scale farmers with leaders in Nigeria, hence we are may be using same to implement out network plan than  a new platform. 
this time we only document and have our own monitoring team to all identified 800 group of small scale farmers in Benue and other state in Nigeria.

the act of God meaning nature must take it place, are all systematic risks, hence cant be managed by our team and farmers but can be insured to an insurance company. after the comprehensive feed back we are certain to present an all in one user map experience. 





regards 

 
 

Photo of Fadhila Muhanga
Team

Hello Shedrack,
Great idea, most important is to share skills and expertise from experienced farmers because majority of smallholders farmer apply traditional technology in farming which this will limit the return. DFS can be helpful to easy access of funds and reduce Production costs as most of the farms are located in rural area and our banks are located in urbun area. 

Photo of Ozuluonye Shedrack
Team

Many thanks @ Fadhila Muhanga, however your observation is well taken and this will help us in our next line of action. 
although we see this idea as all encompassing for both traditional and modern day farmers. with this platform are certain of a wider outreach. last week an investor who seek for BENE seed in Nigeria to china had to call to confirm if we can actually serve as a link to mobilize farmers with seeds operational cost in return for them to buy them off.   but them there fear remains how they can monitor our operations and security for their money. we will like to hear from you if you have any idea that could secure such investment of sponsors. already we ave adopted the 5c which looks at farmers character, capacity, conditions, collateral or guarantor and finally capital sorted for of which farmers must have 10 % of the cost of farming.    

Photo of Ozuluonye Shedrack
Team

Hi, could you please confirm that your inputs were considered by our offline team.

Photo of Ozuluonye Shedrack
Team

Hi muhanga, 

Thanks for your contribution s last time now I am am at the community level are there possible question you have in mind I should ask other than what was already asked.

Regards 

Photo of Bahenda Joseph
Team

Great insight Mr. SHEDRACK OZULUONYE. If I have understood you well, your venture works like a consulting group which provides advise to the farmers, and you also act as mediators between the farmers and funding agencies. Hence you are solving two problems at the same time: helping the farmers to have access to the financial markets, and you assist them to access the commodity market. The model may work, and it could yield better results if you could insist on the monitoring aspect so that the farmers can gradually abandon the traditional farming practices at the benefit au modern ways of farming.

Photo of Ozuluonye Shedrack
Team

hello Bahenda Joseph,
thanks i appreciate you modest and professional contribution. we will work more on the monitoring which is the major constrained element from our proposed investors. 
many thanks.  

Photo of Bahenda Joseph
Team

You are welcome, Sir.

Photo of Bahenda Joseph
Team

You are welcome, Sir.

Photo of Ozuluonye Shedrack
Team

My friend Joseph I thank you for your input during the first stage and would appreciate if you draw a comprehensive feedback like I am currently assessing in Nigeria. 

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Team

Very facinating model Shedrack! Seeds for crops that can later be repurchased by investors. Have you started conversations stakeholders in Nigeria? What stage is your idea at currently?

Photo of Ozuluonye Shedrack
Team

Hi shane Zhao,

you can now read our newer update from stakeholder in Nigeria.

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Team

Hi, Behenda josheph,
please i will appreciate your view on the recent update as you suggested for focusing on monitoring.

Photo of Ozuluonye Shedrack
Team

At Shane zhao, thanks a lot, however I have taken the time to share this idea to local farmers who find it interesting as a way to increase output and promote national development. unfortunately the problems lies with the sponsors or angel investors selection criteria for which category of farmers should be choosen and the level of confidence used in accessing farmers. There is only one niche identified by our team here in Nigeria. And that is to avoid farmers diverting their harvest at the end, the investors must be capable and willing to repurchase such harvest at tthe  future market  price or highest-ranking future market price, provided he can resale the in a more demanding community or converting them into other final goods when processed. 

Factors to consider by the angel investors include but not limited to are:
(1) ensure there are future demand of such harvest in your targeted locations.
(2) ensure that the demand is willing to pay for at a reasonable price and not cheap price.
(3) ensure your farmers are given seeds in groups and not as individual to reduce the chaances of default.
(4) be willing to conduct site inspections regularly and provide necessary assistance where applicable.
(5) you must have the passion as an entrepreneur to take risks and inssure against the unsystematic risks which are controllable.

Our team will further meet different communities to identify more farmers and provide linkage to sponsors as a means to bridge the gap of wast and National productivity. Our current stage is to identify key clusters in local communities and accept to a term after brainstorming.

Thanks  

Photo of Ozuluonye Shedrack
Team

What a world  with limited resources but with  appreciating  sponsors 

Photo of Ozuluonye Shedrack
Team

Many thanks, working towards that. 

Thank you.

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Team

Hi Shedrack, interesting post! Any chance you could find an image to go along with it? Images help grab attention and tell a story with higher impact. You should be able to use the Edit Contribution button on the top of your post and follow the instructions to add images from there. Looking forward to seeing more of your inspiring insights on OpenIDEO.