What We Produce
Sakfos Farms' main offerings are branded perfumed rice, poultry feed and packed vegatables for the domestic and export markets. Sakfos Farms products supply are supported by production on its 3000HA farm site on the Sur River Valley and its 250 out-growers within its catchment area (Damongo to Buipe)
Competitive Advantage of Farm Produce and their Value Chains
Soya Beans
Soya beans are used mainly for industrial purpose in Ghana and therefore have a restricted market. Poultry feed producers and paint manufacturers are the main off-takers of soya cake and soya oil respectively. Increasingly soya bean is used in food fortification of processed cereals and the oil is sold for domestic use.
A total annual soya bean production of only 30,000 to 50,000 MT leaves a significant gap of at least 40,000 MT that is a market opportunity for production and marketing to meet estimated annual demand of 90,000 MT.
Soya Oil & Soya Cake
Soya products that include mainly soya oil and soya cake are highly sought after products that have high competitive advantage over rice products due to more stable price and strong demand. Farm gate price of soya bean is strong relative to rice, (average of $1.2 per kilogram of soya grain to 0.25 cents per kilo of rice paddy), soya prices remain constantly high because demand is high and supply is low. Small soya bean area cultivated (25,000HA), perceived lower yields (1.5mt/ha) and high labour demand at harvest ensure restricted planted area which presents opportunity for Sakfos Farms to exploit.
Sakfos Farms has mitigated key constraints to soya beans competitiveness by increasing productivity to (2.8 mt/HA) mechanizing harvesting of soya beans and will soon procure a seed planter that will reduce the manual labour demand significantly. It is anticipated that increased productivity of soya production on farm will increase profits and enable increased acreage on farm in 2017/18 (100HA per annum).
Rice (Milled Rice, Bran & Paddy Husk)
Ghana consumes total of 1.2 Bn US$ of rice annually of which forty (40%) is locally produced. The GAP of 600 MT is imported as perfumed white rice, Imported rice maintains a competitive edge over local rice because of low productivity of local rice production and established taste preference in the market place, Sakfos Farms is addressing productivity increase needed by improving yields per unit area to approach 6 mt per has and also to reduce cost of production reducing transaction costs associated with poor infrastructure for irrigation and transportation for marketing with assistance of government programs. Sakfos Farms aims to produce both improved rice seed for planting and perfumed riced grain for processing.
Poultry Feed
Growth of the poultry industry will provide a strong demand pull for soya bean production and processing. It is therefore a strategic intervention to add poultry feed production to utilize the soya cake from the soya mill and the bran from the rice mill. use.
Establishment of Agro-Processing Plants
facilities to advance value addition will begin in 2017 overlapping the conclusion of phase 1 in 2019 with he beginning of the Phase 2 operations.
This will include:
- Establishment of vegetable packing plant (2017 -2019)
- Establishment of poultry feed processing plant (2020 -2023)
- Expansion of agricultural mechanisation service