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Launch of CTC Agrochemicals Sorghum Care Pilot Program – 2012

30 Mar 2012 - CTC Agrochemicals

Launch of CTC Agrochemicals Sorghum Care Pilot Program – 2012

CTC Agrochemical and its partners aim to launch a loan-linked insurance project with agricultural lenders for small and large scale sorghum farmers in Gadarif State. With yields decreasing throughout the country, farmers need access to credit to purchase improved seeds, fertilizers and crop protection products and rent mechanized land preparation services that will improve productivity. Since yield and income are heavily dependent on the weather, weather-based index insurance will help mitigate farmers’ weather risk, enabling them to invest more and pay back their loan even in drought years. Gadarif State farmers will be able to take out an agricultural loan to purchase quality inputs, rent machinery, and will be provided training and demonstrations to increase productivity through better farm management.

Thanks to CTC Agrochemicals involvement in micro-finance and its existing relationships with farmer groups and Shiekan Insurance Company, these services will be available for the 2012 agricultural season. CTC Agrochemicals partner Syngenta CRO will provide input packages, facilitate training and demo plots, the Agricultural Bank, Central Bank of Sudan, and others will provide agricultural input loans and pre-finance insurance.

 

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