Heart and Capital fufils obligation, pays out millions to proxy farmers despite Covid-19
A leading agricultural company, Heart and Capital Nigeria limited has recorded yet another milestone as she fulfilled her mandate to create sustainable wealth for her proxy farmers.
Earlier this year, the company created a business opportunity under their farm management service where people could lease poultry pens and have it managed for them.
It reduces the upfront capital requirements required to start up a commercial farm and confers all the advantages of owning a commercial farm in terms of economics of scale, profit that cut out all the disadvantages and risk of high capital and improper management.
One of the reasons behind this particular proxy farming was because of the crippling effect of COVID-19 on the economy and from the company’s feasibility study, it was deduced that a decent percentage of the population were looking into ways to diversify their income.
In closing, millions were paid out to the proxy farmers with huge profit at the end of the 4 months farm cycle after the deduction of the farm management cost.
The chief Executive Officer of the company, Umar Oba Adelodun in his address to newsmen reiterated the company’s commitment to achieving sustainability in Africa’s agriculture sector.
“This milestone demonstrates the strength and resilience of our business model especially during uncertain times such as the one we are in. This success wouldn’t have been recorded without the excellent service, accountability and continued investment in industry expertise of the company that reinforces our business value.”
“In the 3 years that we have been in operation, we have also mentored over 8000 youths on agribusiness across the country, consulted for numerous agric companies across the African continent and created a platform (Farm2table) through which people can order food commodities and have it delivered to their doorsteps, this platform served hundreds of households within Kwara State and the Federal Capital Territory, all through the lockdown period”, he said.
He finally went ahead to reveal Heart and Capital’s expansion plans. “We are exploring expansion opportunities into other African countries in order to fully achieve the Pan African dream of the company, further tap into the increase in global food demand and also take advantage of Africa’s unexploited arable lands”
Heart and Capital is an agribusiness company founded in 2015 and became an LLC in 2017, although professional farm management is the core of their business, they also use their expertise in food processing, farm machinery procurement, input supply and animal husbandry to consult for businesses across the continent.