the challenges

THE CHALLENGES

• THE NEED FOR SOME LEVEL OF FOOD NUTRITIONAL SECURITY

• FOOD PRICE INFLATION

• GLOBAL WARMING AND THE IMPACT ON FOOD PRODUCTION

• WORLD FOOD SHORTAGE

IDLE RESOURCES:

• $600 MILLION IN INFRASTRUCTURAL COST IN THE DEVELOPMENT OF 7 THOUSAND 2-ACRE PLOTS

• FACTORS OF PRODUCTION: LAND, LABOUR, CAPITAL AND ENTERPRISE

THE CHALLENGES

GOVERNMENT

CARONI

CO-OPERATIVE

CARONI

GORTT

• CO-OPERATIVE BOARD

• MANAGEMENT

• WORKERS/MEMBERS

CO-OPERATIVE MODEL

EQUITY• MEMBERS’ SHARES

• 2-ACRE PLOTS

• INVESTMENT SHARES

• LOANS

CO-OPERATIVE MODEL

• CONTRACTURAL ARRANGEMENTS WITH THE STATE TO PRODUCE FOOD IN AGREED QUANTITIES AT AFFORDABLE PRICES

• UTILISE LAND RESOURCES WHICH FORM PART OF THE EQUITY

CO-OPERATIVE MODEL

• UTILISE LOAN FACILITES OF THE ADB ON A CROP BY CROP BASIS

• TO MERGE ALL OTHER RESOURCES AND SERVICES BY STAKEHOLDERS TO SATISFY CONTRACTURAL ARRANGEMENTS

CO-OPERATIVE MODEL

• BASED ON LEVELS OF EFFICIENCY IN PRODUCTION AND GIVEN PRICES OBTAINED, OPERATIONS WILL GENERATE RETURNS OF NOT <15% PER CROP; THESE RETURNS WILL THEN BE SHARED WITH MEMBERS OF THE Co-operative AS DETERMINE BY THE BOARD

CO-OPERATIVE MODEL

CO-OPERATIVE MODEL

CARONIGOVERNMENT

FACTORS OF PRODUCTIONFACTORS OF PRODUCTION

EQUITY

LAND RESOURCES

HUMAN CAPITAL

MINISTRY OF FINANCE

MALMAR

NAMDEVCO

TTABA

UWI

ECIAF

UTT

ASTT

MINISTRY OF LABOUR AND

CO-OPERATIVE

EMBD

WASA

CARIRI

MINISTRY OF LEGAL AFFAIRS

ADB

A. ALI & CO.

NEDCO

EU

ICIEA

E&Y PCS

MINISTRY OF FINANCE

STAKEHOLDERS

To provide advice and assistance in the raising of capital.

ESTATE MANAGEMENT AND BUSINESS DEVELOPMENT

COMPANY (EMBD)

• To ensure suitable infrastructure exists in the respective locations so that cultivation activities can commence soon.

• Efficient maintenance of the infrastructure.

STAKEHOLDERS

• To ensure that adequate security is provided at the respective locations to curtail the dumping of rubbish, obstruction of access roads, and interference with the free flow of water courses.

STAKEHOLDERS

ESTATE MANAGEMENT AND BUSINESS DEVELOPMENT COMPANY (EMBD)

AGRICULTURAL DEVELOPMENT BANK (ADB)

• To provide loan funding to the Co-operative.

• To consider providing financial advice to the Co-operative.

STAKEHOLDERS

• To explore the viability of the Co-operative as a sound investment option

AGRICULTURAL DEVELOPMENT BANK (ADB)

STAKEHOLDERS

TRINIDAD AND TOBAGO AGRI-BUSINESS

ASSOCIATION (TTABA)

• To contract the Co-operative in the production of crops at an agreed price, quantity and quality.

STAKEHOLDERS

CARIBBEAN INDUSTRIAL RESEARCH INSTITUTE

(CARIRI)

• To provide research and technical advice.

• To provide laboratory testing service.

• To advise on the adaptation of best practices.

STAKEHOLDERS

• To advise on new techniques and technologies for combating agriculture pests and diseases thereby enhancing crop yields.

STAKEHOLDERS

CARIBBEAN INDUSTRIAL RESEARCH INSTITUTE

(CARIRI)

UNIVERSITY OF THE WEST INDIES (UWI)

• To provide research and development services.

• To assist in networking with other academic institutions in accessing best available technologies, seed, material and best practices.

STAKEHOLDERS

ERNST AND YOUNG (E&Y)

• To assist in establishing the financial and accounting framework within which the business of the Co-operative will operate.

• To provide consultancy services as and when required.

STAKEHOLDERS

• To ensure that in the establishment and operations of the Co-operative, the laws of the land are fully adhered to, and that the respective interest of all stakeholders are secured within the existing laws.

A. ALI & CO.

STAKEHOLDERS

MINISTRY OF LABOUR AND CO-OPERATIVE

• Assistance in the establishment of the Co-operatives.

• Guidance and supervision through its regulatory and supervisory roles.

STAKEHOLDERS

MINISTRY OF AGRICULTURE, LAND & MARINE RESOURCES

(MALMAR)

• To provide extension services in areas where such services are available

• To lend technical advice in the application of best practices in the cultivation of crops

STAKEHOLDERS

• To advise on appropriate and acceptable cultivation practices to ensure that:

1. The health and safety of those involve in the cultivation are well protected

2. Chemicals and fertilizers used in the cultivation conform to local and international standards

STAKEHOLDERS

MINISTRY OF AGRICULTURE, LAND & MARINE RESOURCES (MALMAR)

4. Assist in the sourcing of good quality seed material in the right quantity and at the right time

5. Provide appropriate advice, information and assistance in accessing all support assistance available to farmers

6. Provide soil, water and air sampling

STAKEHOLDERS

MINISTRY OF AGRICULTURE, LAND & MARINE RESOURCES (MALMAR)

NAMDEVCO• To provide information, advice and

assistance in the certification of cultivation and harvesting practices, so that crops can be marketed locally and internationally.

STAKEHOLDERS

• Provide information and advice on new and emerging techniques, technologies and best practices which can be applied to the cultivation and harvesting of crops

• Provide market information on supply and demand for crops locally and internationally

NAMDEVCO

STAKEHOLDERS

PCS NITROGEN• To provide reasonably priced fertilizer,

bearing in mind, that the agricultural industry as well as other down-stream industries flow from the core business of PCS

• To provide technical advice on the applicability of fertilizers

STAKEHOLDERS

• To provide a cadre of well trained supervisors and managers for the operations of the farmers’ Co-operative

EASTERN CARIBBEAN INSTITUTE OF AGRICULTURE

AND FORESTRY (ECIAF)

STAKEHOLDERS

UNIVERSITY OF TRINIDAD & TOBAGO (UTT)

• Provide a well-trained cadre of farm technician, supervisors and managers

• Provide a well-trained cadre of people in all aspects of the business opportunities of the Co-operative

STAKEHOLDERS

AGRICULTURAL SOCIETY OF TRINIDAD & TOBAGO

(ASTT)

• To represent the interests of the farming community at all forums, where decisions are likely to be made, which will affect farmers.

STAKEHOLDERS

WASA

• To provide an adequate supply of water for successful crop cultivation

STAKEHOLDERS

• To provide advice and support to facilitate the growth and development of the enterprise.

EUROPEAN UNION (EU)

STAKEHOLDERS

• To provide advise and support to facilitate the growth and development of the business in the Caribbean and Latin American regions

ICIEA

STAKEHOLDERS

NEDCO

• To assist in the sourcing of the start up capital for the business

• To provide entrepreneurial guidance in the growth and development of the business

STAKEHOLDERS

MINISTRY OF LEGAL AFFAIRS

• To provide legal advice and guidance on issues of consumer affairs in relation to growth and development of the enterprise

STAKEHOLDERS

CO-OPERATIVE MODEL

CARONIGOVERNMENT

FACTORS OF PRODUCTIONFACTORS OF PRODUCTION

EQUITY

LAND RESOURCES

HUMAN CAPITAL

MINISTRY OF FINANCE

MALMAR

NAMDEVCO

TTABA

UWI

ECIAF

UTT

ASTT

MINISTRY OF LABOUR AND

CO-OPERATIVE

EMBD

WASA

CARIRI

MINISTRY OF LEGAL AFFAIRS

ADB

A. ALI & CO.

NEDCO

EU

ICIEA

E&Y PCS

LOAN FINANCING BASED ON TTABACONTRACT

LOAN FINANCING BASED ON TTABACONTRACT

ADBADBTTABATTABA

CO-OPERATIVECO-OPERATIVE

SHAREHOLDERS SHAREHOLDERS

CULTIVATION CONTRACTGUARANTEED PRICEDELIVERY SCHEDULE

CROP CULTIVATIONCROP HARVESTCROP SALE TO TTABALOAN REPAYMENTPROFIT SHARING

DIVIDENDSINVESTMENT RETURNS

THE CO-OPERATIVE IN MOTION

THE OBJECTIVES

• A RELIABLE AND SUSTAINED SUPPLY OF NUTRITIONAL FOOD, USING BEST PRACTICES.

• CERTIFICATION/ASSURANCE THAT ONLY APPROVED CHEMICAL AND FERTILIZER PRODUCTS ARE USED.

• MAXIMISATION OF THE FACTORS OF PRODUCTION.

• EXTENSIVE USAGE OF RESEARCH INSTITUTES FOR CONTINUED IMPROVEMENT IN AGRICULTURAL CROPS.

• CREATE A LABORATORY ENVIRONMENT FOR RESEARCH AND DEVELOPMENT

THE OBJECTIVES

• INVESTMENT WITH EXCELLENT RETURNS TO INVESTORS

• IMPROVEMENT IN ENVIRONMENTAL AESTHETICS

• PREVENTION OF ILLEGAL DUMPING OF GARBAGE

• REDUCTION OF SOIL EROSION

THE OBJECTIVES

• FULL UTILISATION OF ARABLE LANDS

• DEVELOPING A CADRE OF AGRICULTURE WORKFORCE, IE., MANAGERIAL, SUPERVISORY AND FARM LABOUR

• IMPROVING COMMUNITY RELATIONSHIP

THE OBJECTIVES

The End