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With tobacco as his principal cashcrop, Arthur needed to purchase fertilizer before December and prepare the land for planting by February or March. They would continue to ask for more information, more documentation, in order to feel comfortable giving him a loan each and every year, Patrick says.
But their position at the beginning of global supplychains often leaves them with little influence over market decisions that affect their future. Farmers in these groups can typically cover their basic needs with the cashcrops they produce, yet prosperity often remains out of reach.
Meanwhile, the perishability of dairy’s main product exposes the industry to supplychain disruptions. Ultimately, maintaining a diversity of production practices and locations bolsters resilience within the industry, Nicholson says, making it less vulnerable to disruptions in regional supplychains and climate-related issues.
Northern Soy Marketing (NSM) recently held its inaugural Midwest Crop Tour in North Dakota, Minnesota, South Dakota and Nebraska for group of Southeast Asian buyers. The team of 13 international buyers included professionals employed in their companies’ procurement, purchasing, market research, supplychain and other divisions.
Another exciting area is the development of crops that are currently seen as niche into high yielding, resilient, high-value cashcrops the way NuCicer is doing with the once-humble chickpea.
In past decades, the large-scale consolidation of the food supplychain has reduced processing, aggregation, and transportation to a handful of companies. As momentum builds throughout various regions, it has spawned wider discussions about incentivizing other parts of the supplychain for regenerative producers, says Stelk.
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