Innovative Financing of Inputs for Commercial Farming Ventures- The Criteria for a Workable Deal
Cairo, Egypt (PRWEB) March 11, 2010
The inaugural `Large Scale Farming in Africa' conference scheduled on 20-21 April in Cairo is all geared up to welcome regulators from Egypt, Kenya, Ethiopia and Ghana, along with global investors, experts and advisors to discuss opportunities, risk management & financing challenges of large-scale farm investments in the African continent
Africa, with available land for lease and ready domestic market, has become a hot spot for foreign companies looking into large-scale agriculture farm investment, now a valuable option in view of today's high food price environment, and the pressing need to meet the demands of a growing and more affluent population.
The 2 day event will be officially opened by H.E Amin Abaza, Egypt's Minister of Agriculture and Land Reclamation with a keynote address on `OPPORTUNITIES FOR AGRICULTURAL INVESTMENT IN EGYPT'. In February, Egypt announced plans to invite bids for 50,000 acres of land for agro-business projects. The round of bidding will begin in March.
Another confirmed regulator-speaker is Ethiopia's Director (Agricultural Investment Support) at the Ministry of Agriculture & Rural Development. Ethiopia plans to lease 3 million hectares (7.4 million acres) of land to foreign and domestic investors for agriculture over the next three years to increase productivity and earn foreign exchange.
Meanwhile, Kenya's Director of Agriculture and Crop Management at the Ministry of Agriculture will discuss Agri-Investment in Kenya, touching on type of crops, policies, incentives for investors and duration of investment needed. Ghana's Director of Crop Services from the Ministry of Food & Agriculture will outline investment opportunities at the conference.
Besides regulators, investors like Ramakrishna Karuturi, Founder & MD of Karuturi Global Ltd will address Challenges & Opportunities in Farmland Investment in Africa. The company has ventured into Africa by leasing 300,000 hectares of agriculture land in Ethiopia. Theo de Jager, Deputy President of AgriSA will present a South African perspective on Farmland investment in Sub Saharan Africa and Libya. Justin Vermaak, CEO of Bio-Energy Investments will present a case study of large scale farming in East & Southern Africa.
Leading the discussion on finance is Regional Head (Africa) of Commodity Traders & Agriculture at Standard Chartered Bank, Zahnn Meyer who will speak on, "Innovative Financing of Inputs for Commercial Farming Ventures- The Criteria for a Workable Deal". Mr. Meyer will discuss the importance of precision farming methodologies, selecting a contract manager and project coordinator, and criteria for commercial famers participating in Input finance projects. He will also touch on Multi-peril insurance options and the establishment of a market and mitigation of price risks through derivative instruments.
Other companies sharing at the conference include SGS, Agricultural Management Company, Swiss Re, EFG-Hermes, Dina Farms plus many more. The topics they will address include:
· The World Agriculture Investment Outlook
· Land utilization & acquisition policies
· Case studies on commercial farm investment & opportunities in Africa,
· Underwriting trade, investment & risk management
· Downstream development of agriculture produce
· Increasing farm productivity & role of biotech
· Infrastructure development to support trade logistics
· Accessibility of raw materials & water resources
The conference is slated to attract participation from leading Farm & plantation investors/owners, Asset management companies, Investment banks & agricultural Funds Companies, farm equipment suppliers. Representatives from the Agriculture industry, including Fertilizer companies, Seed suppliers, Machinery companies, and Agrochem & biotech companies are also expected to participate in the conference. In addition, Tax & Legal experts, Insurance Companies, Risk Management Experts, Irrigation Experts and Regulators are slated to attend the conference to exchange ideas and seek expertise.
Those keen on participating in the "Large Scale Farming in Africa" conference as speakers, sponsors, media partners, exhibitors, and participants are welcome to submit their enquiries online by clicking on the link http://www.cmtevents.com/eventschedule.aspx?ev=100421&