Warrantege a Group Grain Storage Solution

Agfax highlights an interesting solution to the crop storage problem:

Image courtesy of RIU

Maize farmers are often forced by poverty to sell their crop when prices are lowest. But in Rwanda, a group of 60 farmers are among the first to benefit from a system called warrantage which is enabling them to earn double the normal price paid by traders at harvest time. Under the system, farmers deposit their maize in a group storage shed and can receive 60 per cent of the value of their stored crop as a low-interest loan...[continue reading]