Nigeria, with over 64 Million smallholder farmers, has one of the lowest crop yield averages in the world. In addition, it is very difficult for smallholder farmers to access finance to purchase high quality inputs, or expand their farms. Worse still, access to markets is difficult as the agricultural ecosystem is very fragmented leading to often very high levels of post harvest losses ranging between 40 and 60% per annum. As a result, smallholder farmers are very poor, making up over 70% of all people who live on under a $1 a day. We started efarms to fix those frictions.
By 2050, the world would face what is unarguably the largest challenge it has ever faced and which no doubt qualifies as an existential crisis; how to feed a projected 9.7 Billion people in the face of climate change and increasing soil degradation. The World Food Program estimates that 60% more food would have to be produced to meet that demand.
Considering the finite nature of arable land, it is clear that we must find ways not only to produce more from less, but to also foster a culture of sustainable production and responsible consumption. However, all the technology in the world would not solve these challenge, without finance as a tool to unlock yield and markets for smallholder farmers. And this is where efarms stands out.
We are working to drive financial inclusion for Nigeria’s smallholder farmers, who make up 75% of all people living on under a dollar a day by ensuring that not only do they achieve better yields, but that these yields are connected to markets so as to guarantee increased incomes for them.
Efarms objective is to leverage relationships and technology to unlock finance and markets for smallholder farmers.
People and organisations with disposable income simply visit our platform, www.efarms.com.ng, register and pick a farm or a trade they like, make payment and watch their money get to work.
Over the lifespan of their investments, they get regular updates of the progress of their investments, and at its expiration, they are able to get theirt funds back with their profits.
Farmers are able to access high quality inputs and yield increasing technology which increases their crop yields by three times the National yield average.
They are also able to achieve a 100 % access to markets for their commodities, As a result, farmers income double within three years of working with us.
Efarms plays in a multi-sided market where effects on one ultimately leads to the other segments been affected as well. We believe that finance is very critical to unlocking markets for smallholder farmers and that this would lead in turn to the reduction of post harvest losses.
We are in need of financing that would help us bridge the funding gap for smallholder farmers, enable us create access to markets, attract and retain talent, and build or adapt new and existing technology to drive sustainable production in Sub-Saharan Africa.