Impact

Transforming Agriculture for Lasting Social Change

Our IMPACT

Blockchain for Supply Chain Transparency and Traceability

UfarmX® is on a resolute mission to empower smallholder farmers, transcending its platform to uplift local communities. In 2019, we secured 100 acres of land in Oyo State, Nigeria, embarking on organic farming practices that yielded bountiful crops of soybean, cassava, and maize.

Since the establishment of this farm, our outreach has extended to over 600 smallholder farmers in the region. By imparting essential training and capturing invaluable data, we advocate sustainable farming methods. The farmers integrated into our platform consistently experience a remarkable 300% surge in their yields on average.

This transformative endeavor isn’t just about numbers; it’s about catalyzing profound social changes. Our initiatives bolster women’s and girls’ empowerment, striking at the heart of the United Nations’ Sustainable Development Goals.

From alleviating poverty and promoting education (SDG 1 and 4) to ensuring gender equality and fostering economic growth (SDG 5 and 8), we’re steering a movement that leaves no one behind. The economic upliftment cascades through the community, igniting a virtuous cycle. With enhanced earnings, farmers can afford quality education for their children and timely healthcare, thus elevating their overall quality of life. This not only creates a ripple effect within the local economy but also ushers these farmers into the global marketplace as proactive consumers (SDG 10 and 12).

As we progress, these commitments resonate with Sustainable Development Goals 9 and 17 as well. We’re not just transforming farming; we’re cultivating futures, forging alliances, and sowing the seeds of lasting change.

Challenges

Farming Challenges

Lack of Access to Finance

There are roughly 921,550,714 farmers in Africa and less than 10% of them have access to finance. Leaving most farmers without funding for inputs resulting in low yields and little to no profits.

Lack of Access to Storage

Nigeria loses 3.5 trillion Naira from post-harvest loss due to improper storage and infrastructural issues.

Climate Change

Irregular rainfall patterns and rising temperatures have produced harsh conditions for crop production.

Lack of Traceability

Due to the lack of traceability systems, it is nearly impossible to identify the origin of food products in the event of food recalls.

Fragmented Markets and Lack of Price Transparency

Without access to visible market prices, farmers are often preyed upon and forced to sell their goods significantly below market value.

Logistics

Farmers often cannot transport crops from farm to market and must rely on predatory transport services that bury their potential revenue in transport fees.

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