Tuesday, 7 February 2017

8 Rules Every Young Farmer Should Follow

A panel of farm business and financial planning experts spoke to young farmers at the recent Farming for the Future Conference in Ames, Iowa. Condensed from the presentations, here are eight rules every young farmer should follow in 2017.

1. Live below your means. Way below. Build up equity. Don’t buy equipment you don’t need just to avoid paying taxes. Do you need all that rented land? Revise your family living expenses. Downsize.

2. Get along with your family. There’s nothing worse for a farm than a family that doesn’t speak to each other. Communicate about finances with your spouse and other business partners before there is a problem.

3. Know your breakeven. Get accurate, factual data about your costs. Design a marketing plan with price and date targets and stick to it. Lock in margins whenever possible.

4. Cut costs. Revise your scale of operation and fixed costs. Visit with your agronomist, lender, tax advisor, and crop insurance agent. Be very careful with new capital expenditures. Renegotiate land rent. Seek volume discounts in seeds and chemicals. Offload unproductive assets. Extend repayment schedules on equipment and real estate loans.

5. Diversify your income. If you do have an off-farm job, this is not the time to lose it. Consider alternative sources of revenue with your assets, such as custom work, snow removal, truck driving.

6. Write a business plan. Create a formal statement of your business goals. Include the reasons they are attainable and your plans for reaching them. (A budget is not the same thing as a business plan.) Know and respect your customers and your competition. Prepare for the worst. If you partner with your brother and something happens to him, could your farm business survive?

7. Don’t try to do it all. Focus on your top strengths and skills; hire the rest out or partner with someone who has skills you lack. Don’t forget what makes you unique. Take time to assess potential business partners and service providers to make sure they are the right fit.

8. Persevere. Economic turbulence brings opportunity.

Learn more:
Donald Timmins, CPA, Timmins, Jacobsen & Strawhacker, LLP, Des Moines, Iowa,  http://www.tjscpas.com/
Tim Meyer, Producers Livestock Credit Corporation, Omaha, Nebraska,  www.producerslivestock.net, tmeyer@plmcoop.com
Alejandro Plastina, assistant professor, Iowa State University, Ag Decision Maker: www.extension.iastate.edu/agdm, plastina@iastate.edu

source: successful farming

Senate President urges Nigerian Youths to harness benefits of Agro Finance Law

Senate President, Dr Bukola Saraki, has urged Nigerian youths to take advantage of the Agriculture Finance Bill recently passed by the 8th Senate to enhance their investments in agribusiness.

In a statement signed by his Special Assistant on Print Media, Chuks Okocha, the senate president commended youths who have decided to exploit opportunities in the agricultural sector  instead of waiting endlessly for non-existing white collar jobs.

The Senate President, who addressed the members of the Tomatoes and Orchid Producers Association of Nigeria, (TOPAN) during a visit at the National Assembly complex in Abuja said if the youths harness the provisions of the finance bill, it would ensure food security, generate employment and ultimately develop the economy.

“The youths should take advantage of the recently passed Agro Finance Bill by the 8th Senate and access the benefits of agriculture on the small and medium scale financing and agro allied jobs. This bill, if properly harnessed by the youths, would create jobs and ensure food security for the country and help grow the economy, especially in the time of recession in the country”, he explained.

Meanwhile the leader of TOPAN, Oyeleke Job has expressed that members encourage massive production of tomatoes and orchids by offering training and technical assistance to producers in the rural areas.
He added that the association has contributed greatly to improve the quality production of tomatoes and orchids as well as creation of jobs for the unemployed youths.

12 million people face Food Shortages in Africa – FAO

  • FAO calls for urgent response to avoid massive casualties
 United Nations Food and Agricultural organization (FAO) has said that about 12 million people in Africa are in need of food assistance, as families face limited access to food and income, together with rising debt, low cereal and seed stocks, and low milk and meat production.

Report indicate that areas of greatest concern cover much of Somalia, north-east and coastal Kenya, south-east of Ethiopia including the Afar regions yet to recover from El Nino induced drought of 2015/16; as well as  South Sudan which faces a serious food crisis due to protracted insecurity.

Acute food shortages and malnutrition also remain a major concern in parts of Uganda’s Karamoja region.
While reacting to this, FAO Deputy Director-General, Climate and Natural Resources, Maria Semedo described the situation as worrisome, expressing concerns on the effect this would have on food security.

“The drought situation in the Region is extremely worrying, primarily in almost all of Somalia but also across Southern and South-eastern Ethiopia, and northern Kenya. As a consequence, with the next rains at least eight weeks away and the next main harvest not until July, millions are at risk of food insecurity across the region” she said

Semedo therefore called for urgent humanitarian interventions to avoid a repeat of the famine in the region in 2011.

“The magnitude of the situation calls for scaled up action and coordination at national and regional levels. This is, above all, a livelihoods and humanitarian emergency – and the time to act is now. We cannot wait for a disaster like the famine in 2011” Semedo pleaded.

AgroNigeria recall that on the July 20 2011, the UN declared famine in two regions of South Central Somalia. The famine was said to have cost the lives of over 258,000 people, while hundreds of thousands more fled across the border into Kenya and Ethiopia.

A Physically Challenged but Passionate Farmer

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Best ways to farm sweet potato - Expert

Sweet potato is tropical herbaceous plant which, by the nature of its temperature requirement, can be grown throughout Nigeria. States like Kaduna, Kano, Zamfara, and Sokoto in the North-west are currently leading in its production in the country.

A renowned agronomist with the Institute for Agricultural Research, Ahmadu Bello University, Zaria, Prof. Bashir Ahmad Babaji, said sweet potato requires soil that is moderately fertile, because high fertility leads to excessive vegetative growth at the expense of tuber formation.

“It requires a soil that is sandy loam; a soil a little bit high in organic matter but that has sand. Because it is a tuber crop, it requires a soil where the tuber can easily grow very well in the soil. Under heavy soil, it may be very difficult for the tubers to grow,” he explained.

On planting season, the agronomist noted that sweet potato can be grown both during the dry season and the rainy season, adding, however, that when temperature is very low, it is not advisable to plant because it may not do well.

“For rain fed farming, planting could be done from May to September while irrigated production is from September to December,” he added.

He, however, noted that one of the constraints to sweet potato production is the planting material.

“Unlike yam and Irish potato which you use the tubers as planting material, for sweet potato you use vines (stems),” he said.

The professor explained that farmers could plant tubers and leave them to sprout for six to eight weeks to get the vines needed for transplanting. The vines should then be cut into about 20cm cuttings with at least two nodes, and placed on a ridge of 30cm to 50cm at a depth of 2cm to 3cm.

“Sweet potato does not withstand weed competition during the early crop’s life, therefore, keep the field weed free during the first six weeks after planting. Pre-planting herbicides such as Roundup or Floumeturon at 5 litres per hectare can be applied,” he added.

On storage, Prof. Babaji advised that sweet potatoes can be left underground, because it has a short shelf life and harvested when the need arises. He, however, pointed out that the Bokolo’ cattle can smell potatoes under the soil, dig it out and consume it.

The don noted that some common local varieties found in Northern Nigeria now are the ‘Dan izala’, and ‘Manja’ which are a newly introduced variety with high vitamin A content. They are also known as the orange-fleshed sweet  potato.

“Most varieties that farmers now use take from three to four months to be ready for harvest. After harvest, sweet potato has a shelf life of about three months,” he said.

Again, he stated that to avoid spoilage, the potatoes can be cut and dried, which some women use in making a local drink, ‘kunun zaki’.

On fertiliser requirement, Prof. Babaji recommended that 40kg of nitrogen, 40kg to 60kg of phosphorus and up to 100kg potassium be applied per hectare.

He outlined that soils in the savanna areas of the country are mostly rich in potassium, so only farms that have long term cultivation need to apply potassium fertiliser.

Speaking on its diseases, Prof. Babaji said some common diseases affecting sweet potato are the internal cork disease caused by a virus carried by aphids, controlled only by using resistant varieties, and black rot, which can be controlled also by planting resistant varieties, crop rotation and early storage.

He added that in case of fungal disease, a fungicide like Benlace, Dithane or M-45 may be used.
“Other pests affecting sweet potato are weevil (larvae) which bore into the tuber. In this case, you need to get improved varieties and employ crop rotation also,” he advised.

On the health benefits of eating sweet potato, Dr. Chris Isokpunwu, Head of Nutrition, Federal Ministry of Health, said it was largely rich in carbohydrates, and also rich in vitamins C, E, A and minerals like zinc and iron.

He said the orange-fleshed which is a newer variety has been bio-fortified with vitamin A and is orange in colour.

Dr. Chris explained that sweet potato can be eaten raw, fried, made into chips and flakes or flour used for making buns, pap and pudding.

“It is a very good source of energy and the fibre level is equally very high which ensures easy digestion, bowel movement and helps in weight control because when there is high fibre in the diet it gives a filling effect and so you don’t have to eat much,” he noted.

The President of the Potato Farmers Association, Chief Daniel Okafor, however, expressed worry that government has not been supportive of sweet potato propagation in recent times.

“The struggle is too much, there are a lot of challenges, and farmers need to be supported if they actually want to boost production and make it worth their effort,” he said.

Speaking about the prospects, he said there was a special starch extracted from sweet potato whose price is very high in the international market.

No immediate response was received from the Federal Ministry of Agriculture when our reporter visited yesterday but a source there said there was no specific policy on sweet potato farming by the ministry this year.

He, however, said potato farmers would benefit from other government incentives like fertilizers and other agro inputs.