HomeTechnologyTurkish farmers embrace high-tech agriculture solutions

Turkish farmers embrace high-tech agriculture solutions


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In an period marked by technological developments, Turkish farmers are embracing innovation like by no means earlier than to reinforce their agricultural practices.

From seed and harvest to irrigation and productiveness, farmers in Türkiye and all over the world are harnessing the facility of expertise to plan and monitor each facet of their farming operations in actual time.

This transformation is made attainable by state-of-the-art agricultural purposes which can be revolutionizing the lives of farmers.

Türkiye’s digital agriculture platform, Tarfin, made a major stride final 12 months by linking farmers’ agricultural enter prices to the market worth of their produce. This pioneering strategy led to substantial financial savings for the farmers who adopted Tarfin’s bundle.

It stated farmers who opted for this bundle over the last season managed to realize financial savings of over 20% by funds made in July and August.

Tarfin does not cease at serving to farmers enhance their income. It has additionally performed the issuance of asset-backed securities (ABS) beneath the Income Protection Package. The second and ultimate fee of this issuance was introduced as accomplished final week.

Over 500,000 cell customers

With over 500,000 cell customers and greater than 1,200 gross sales factors, Tarfin is off to a powerful begin within the new agricultural season, aiming to develop its Income Protection Package and supply sustainability to much more farmers.

In this context, the corporate plans to extend market penetration for the Income Protection Package and strives to additional develop the scheme because it continues to behave as a bridge between buyers and agricultural manufacturing.

The final fee of the ABS issuance for the Income Protection Package, performed final 12 months, was accomplished on Sept. 15 with an annual yield fee of 84.66% on a time period of 84 days.

This solidifies Tarfin’s place as a sexy avenue for these seeking to put money into agriculture and the way forward for Türkiye.

Predictable manufacturing

The issuance, ready in collaboration with Pasha Investment Bank and OMG Capital Advisors, opens up new avenues for commodity-based investments.

Not solely is that this product a high-value funding for buyers, but it surely additionally serves as a threat mitigation device for manufacturing services within the wheat-dependent industries of flour, feed, pasta and biscuit manufacturing. Consequently, it ensures predictability in manufacturing for all stakeholders which can be, amongst others, delicate to cost fluctuations.

Furthermore, it presents a possibility for monetary buyers occupied with agriculture by providing potential returns primarily based on wheat worth efficiency. Given its significance inside the sector, the Income Protection Package’s ABS issuance, with its commodity price-indexed structured securities, additionally stands out for its social affect.

Income safety bundle

Mehmet Memecan, CEO of Tarfin, stated they efficiently performed the issuance to assist farmers grappling with rising enter prices and remove uncertainty in manufacturing.

“In the close to future, we plan to extend the variety of issuances by specializing in the worth of the Income Protection Package,” Memecan stated.

The Income Protection Package presents farmers an alternate that enables them to align their bills with their earnings, relieving them of value uncertainties, he famous.

“During agricultural transactions, this package calculates payments based on the average prices of bread wheat on the Türkiye Product Specialized Exchange (TÜRİB). Farmers make payments indexed to the exchange’s prices on the payment date,” he defined.

“The ceiling price mechanism ensures that the cost of inputs does not exceed a certain amount for farmers. Thanks to the transparent pricing structure of the TÜRİB market, farmers can confidently track prices. With this package, Tarfin is pioneering a project that will lead the sector in the upcoming agricultural season.”

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