Farmers face seasonal income and long maturation periods and are exposed to considerable risks. Seasonality requires specifically tailored financial services and conditions, such as longer repayment and grace periods, less frequent repayments, or leasing products. Agricultural risks to be considered include price fluctuations for inputs and products or crop failure due to pests and diseases, temperature or variable rainfall.
Agrilife factors past, present and future anticipated factors and uses this information to enable financial service providers understand the farmer risk profile and provide the ecosystem for the provision of requested services. The Agrilife platform is designed to help farmers on several fronts:
Other benefits to the service include.
Lower interest charges due to improved visibility over the value chain
Farmers have access to financial services products for basic needs as well as managing business (credit, insurance, etc.)
Historical data and track record of the farmer is used to facilitate establishment of credentials and therefore risk
High automation enables low-cost services due to electronic record keeping of deliveries and/or deposits and disbursements
Access to pre-harvest services at lower interest rates and a shift from factoring to genuine credit provision so that good small business operators can leverage their track record
Click here to have the Agrilife team get in touch with you or your farmer group.