This is an Update as SEIFAC Ready to Disburse Loan to waiting applicants. Applicants who meets SEIFAC services plans would receive loan from the Anchor Borrower’s Programme management.
As reliably informed, SEIFAC is ready to disburse loan to applicants. The disbursement would only goes to applicants who falls under SEIFAC services.
There are nine services area which applicants were instructed to apply under during registration phase. Applicants who fails to register under any of the service would not receive loan.
The services includes the below as we’ve taken action to enumerate them one after the other.
1. CLUSTER FARMING
Cluster Farming model entails that the government/communities/farmers have to make available land for its citizen/members to farm in a contiguous piece of land to enjoy internal economies of scale like the commercial farmers do, with this the Smallholder Farmers will be able to overcome their underlying issues of non-payback of loans will be a forgotten issue. In this model the best agronomic practices are implored on managing the clusters which brings about increase the Smallholder Farmers yields and result in the farmers being able to solve their peculiar problems of children’s school fees, savings, housing, and health.
To SEIFAC “Cluster Farming is a group of farmers or agricultural enterprises who chose to work together on shared economic interests and towards achieving common goals”.
The advantages of SEIFAC cluster farming include but are not limited to the followings:
- Clearing of Massive Land and Allocation to farmers.
- Mechanized Farming System which takes away associated drudgery thus makes farming attractive to both the old and youths.
- Use of Quality Planting Materials.
- Application of quality fertilizer that increase crops yields.
- Reduced production and transaction costs.
- Lower premium of risk;
- Market linkage for marketing of produce at international prices for easy loan payback;
- Prompt payback of farmers’ loans to qualify for the next cropping season(s).
- Farmers Health Insurance Policy;
- Transportation of Farm Produce;
- Extension Services;
- Rural Banking;
- Housing and Shelter Funds and
- Agriculture becomes attractive hence the introduction of business model in agriculture through cluster farming model.
The world over, cluster farming has brought a paradigm shift in which agriculture is no more considered as a thing of the poor or a cultural thing but a very lucrative business that supply and demand can never be at equilibrium giving the demographics of the global population.
2. DISTANCE FARMING
SEIFAC Distance Farming simply called Adapt a Farmer is a farming window created for people who live in large cities, in Africa and the wide world who have the interest of investing in Agriculture but do not have access to land or might not have access for large piece of land for investment in the production enterprise(s) of their choice.
SEIFAC’s Distance Farming Package is idle for the busy persons that don’t have the time to manage their farms, since agricultural production can never be achieved in proxy but requires a standing farm manager.
Interested in Farming wherever you are on the globe, we give you a weekly report on the progress of your field’s development stage while you tend to your busy schedules and your farm suddenly grows to maturity. Let’s discuss further on Distance Farming in order for you to have multiple streams of income.
3. RAIN MANAGEMENT & STORAGE
It is the vision of SEIFAC as an entity to be involved in the cleaning, management and storage of various produce such as Rice, Cassava related products, Yam, Soybean, Groundnuts, Bambaranuts, and Sorghum, Sesame, Maize and associated products across the 36 states of the Federation including the FCT in million metric tons thus making SEIFAC the leader in agricultural produce, cleaning, management and storage in the country and West Africa.
SEIFAC agricultural produce, cleaning, management and storage services includes but not limited to the followings:
- Quality and quantity assurance on and off seasons
- Safe storage over prolonged periods
- Compliance to Agricultural Food Product Standards
- Use of accurate equipment by qualified personnel
- Aggregation, cleaning, drying and bagging of produce
4. PRODUCE TRADING & MARKETING
SEIFAC as a body and its members shall be actively involved in the trading and marketing of agricultural produce by the end of the 2020/2021 Dry Cropping Season and going forward, SEIFAC tends to be the market leader in the procurement, storage, processing and sales of Rice, Cassava related products, Yam, Soybean, Groundnuts, Bambaranuts, and Sorghum, Sesame, Maize and associated products and focuses on the origination of agricultural commodities on behalf of third parties and end users.
5. LAND ACQUISITION, CLEARING AND LEASING OUT
SEIFAC charter summarily is to lobby for the common and collective interest of her smallholder farmers who on most cases cannot acquire large parcels of land either on outright purchase or lease to carry out their production enterprise, SEIFAC acquires land on outright purchase, receives land as gift from communities and state governments and sometimes long-term lease, clears the lands and leases them to her farmers on considerable rates per annum. These feet shall lift most farmers out of poverty and lack.
6. EQUIPMENT MANAGEMENT
SEIFAC owns and manages her equipment mainly for the business of her members utilization on their cluster farms since she is engaged in nine (9) agricultural products production.
The dream of SEIFAC remains on ever increasing her machinery holding to reach a level in which all her production stages will be mechanized to take away drudgery, increase effectiveness and efficiency, sustainably increase food production to guarantee food security for the ever increasing population of Nigeria and Africa at large, earn more income to our teeming smallholder farmers and make agriculture more attractive than the white collar job, hence, cut down on the number of youth roaming the street in search for highly rewarding jobs.
SEIFAC is open for partnership with agricultural equipment manufacturing companies in this area to actualize its Corporate Plan titled “Vision 2030”.
7. LENDING & FINANCIAL SERVICES
SEIFAC as a cooperative do offers its members a competitive and economical enterprise financing platform coupled with financial advisory services that are tailored to each individual cluster enterprise which makes it easy for a common Smallholder Farmer to easily understand the loan, which are transparently administered timely according to the SEIFAC Cropping Calendar for each of our enterprises for both wet and dry cropping seasons.
This offering has been expanded to include our approach to the CBN Anchor Borrowers Programme which ordinary some farmers have jeopardized in the time past and still ongoing. With the SEIFAC convenient debt recovery methodology, SEIFAC has guaranteed and convenient access to funding which her members tend to benefit from the commitment, knowledge, innovations, methodology and specifically SEIFAC’s group dynamisms of clustered farming focused on the welfare of its rural poor smallholder farmers whose livelihood wholly depends on their farm enterprises.
8. RESEARCHT & TRAINING
SEIFAC conducts research aimed at boosting the productivity of farmers as well as create an enabling environment for the cultivation of farm produce. The essence of the research is to consistently seek the most effective methods/varieties that will invariably impact on the output of farmers as well as their markets.
SEIFAC partners with other companies operating either in the down or upstream along her value chains to train its members on latest technologies and Good Agricultural Practices (GAP) and best agronomic practices on the production of their various enterprises.
Our training methods employ participatory training techniques to achieve training objectives which includes interaction and on-farm demonstrations.
9. QUALITY PLANTING MATERIALS
Having understood that the Smallholder Farmers suffer a lot from the hands of seed sellers and their associated middlemen who most at times package grains and sell to farmers as certified and foundation seeds due to high demand on planting materials. SEIFAC has taken a decisive decision to engage in the production of both foundation and certified seeds for to ensure that her member farmers have adequate access to quality planting materials which on the other side bolster the yield of farmers at harvest in order to sustainably increase members income.