Tuesday, 10th December 2019: SourceTrace, a global leader in digital innovations in the agriculture and allied segment, is extending its farm management solution to Natural Extracts Industries Ltd. (NEI), based in the picturesque Kilimanjaro region of Tanzania, thus supporting the income security of 5000 vanilla farmers.
In the Kilimanjaro region of Tanzania, where three-fourths of the population comprises smallholder farmers, they had not been growing vanilla until a few years ago. Most of the local farmers grew coffee and banana but suffered from a high level of income insecurity when global coffee prices plummeted and abundant harvest of banana brought down corresponding demand and prices. A growing population also fragmented the land holdings, reaching a point where the income from a one-acre farm had to support a family of five. The farmer’s average annual income hit a plateau at roughly USD 500 a year. That’s when NEI’s dedicated team of agricultural experts decided to develop groups of farmers to grow a premium crop like vanilla, adding value to their farm and helping raise incomes, thus providing these communities with a more diversified income base, sustained by NEI’s access to markets. NEI provided the technical guidance, inputs, and best practices, while its team of food technologists and business management personnel helped turn these flavors into premium flavor ingredients with a global reach.