DDEE FARMS reposted this
Global Farmer Fruits and Vegetables Aggregator/Offtaker Executive Director and Chief Farmer @DDEE FARMS || CEO @ FreshParadise||| ED @ Ddee foods || ED @ Ddeelogistics || Founder of Girls let talk initiative 👧
Contrary to popular belief, high tomato prices don't necessarily mean farmers are profiting. When prices surge, it often indicates a underlying issue, such as disease outbreaks, low yields, or other challenges. For instance, if a crate of tomatoes sells for ₦50,000, it doesn't mean the farmer receives the full amount. Logistics and transportation costs can take up to 8%, middlemen take their cut (around 10%), and market levies are also deducted. After paying workers and other expenses, the farmer might be left with around ₦35,000, which isn't even profit yet! They still need to deduct input costs and other expenses. So, what's left as profit? Farmers often rely on selling large quantities of crates to make up for the thin margins.