Into 25 major projects alone VND 27 trillion (over USD 1.2 billion) has been invested. Ba Huan JSC has invested over VND 1 trillion in its dairy egg production chain, and its profits have been growing by 15-20 percent annually in recent years. According to Pham Thi Huan, Chairwoman of the company, Ba Huan plans to further develop its food processing chains and completed the formalities for exporting eggs to ASEAN member countries and other Asian markets. Through its Vietnam Opportunity Fund, VinaCapital has become a strategic shareholder in Ba Huan after investing USD 32.5 million in it. Ba Huan’s 18ha hi-tech poultry egg farm in Binh Phuoc Ba Huan plans to use this money for restructuring and enhancing its major production lines, according to VinaCapital. Minh Hung Group, one of the 500 biggest companies in Vietnam, has announced plans to build a HPP (high pressure processing) plant at a cost of VND 500 billion in Long An province. It is scheduled to start … [Read more...] about Big investments in agriculture lift competition
In early 2016, when fellow farmers were despairing over plummeting yields linked to a major drought, Hamdi was busy harvesting maize from his land. He got 5.6 tones instead of the usual 4 tones from his one-hectare (2.5-acre) plot, despite living in West Nusa Tenggara, one of Indonesia's driest provinces where agriculture is at the mercy of extreme weather such as that brought by the El Nino climate pattern. "El Nino did not affect those practicing conservation agriculture, but those who weren't suffered a lot," the 38-year-old told the Thomson Reuters Foundation on a sunny afternoon in Pemongkong village on Lombok island. Hamdi, who goes by one name only, was among the first in his village to adopt the natural farming method in October 2015, just before El Nino hit. He was initially attracted by talk of possible savings because conservation agriculture requires less fertilizer, as well as less labor for weeding and preparing land. But the greatest benefit so far has been its … [Read more...] about Indonesian farmers befriend soil to protect harvests from climate stress
As soon as his son graduated from college, Ghulam Mohi-u-Din Dar asked him to take care of the family flower business in Kral Sangri, near Srinagar, the largest city in Indian-administered Kashmir. “I knew it would be a waste of time for him to search for a job in the government or private sector,” Dar said, referring to the dearth of local employment opportunities. Years of running his small business had given Dar, who left school after 10th grade around age 16, a sense of how his son’s higher education level could help him make a success of things. Since Fayaz Ahmad started managing the business five years ago, it has flourished, said Dar. “He most often searches for scientific ways of flower cultivation and marketing trends on his laptop or phone. This has helped us make the most from flower cultivation,” Dar said. As the Himalayan region struggles with unemployment and the loss of large swathes of its agricultural land to construction, local … [Read more...] about Tulips bloom in Kashmir as Indian farmers discover flower power
VietNamNet Bridge - Big companies in steel, real estate and securities sectors have announced investments in agriculture projects, but they remain quiet about their profits from the projects. The figure is modest compared with the group’s total revenue of VND33 trillion. When joining the agriculture sector, Hoa Phat planned to follow the 3F (feed, farm, food) model. Big companies in steel, real estate and securities sectors have announced investments in agriculture projects, but they remain quiet about their profits from the projects. After opening the animal feed plant in Hung Yen in April 2016, it set up another animal feed plant in Dong Nai in February 2017. The third plant is under construction, expected to become operational in the first quarter of 2018. Once two more plants are built as planned, Hoa Phat would have sales of 1 million tons, which would make it one of the top 10 animal feed manufacturers in Vietnam by 2020 with 5 percent of market share. It is also … [Read more...] about Who is benefiting from big agricultural projects?
(VOVworld) – VinEco company of the Vingroup held a conference to expand the model of bio-security agricultural production was held in Da Lat city on Tuesday. Over the past six months, the company signed contracts with 500 farmers in Lam Dong, southwestern, and northern provinces to produce and consume clean agricultural produce. Deputy Director of the VinEco company Nguyen Thi Phuong Thao said the company plans to cooperate with 1,000 farmers and cooperatives to serve domestic and overseas market: “We want to expand the model and export farm produce to foreign markets. We are cooperating with 140 farmers in Lam Dong to produce 50 tons of farm produce of 90 different types each day. We will continue to expand the production region and cooperation with farmers and at the same time implement technical and capital support programs.” … [Read more...] about Increasing support for farmers