A startup, Luchte, revolutionized the agricultural market with a new marketplace for products from farmers.
The agricultural economy has been in a slump for the past few years. The agricultural sector has been facing the challenges of high costs, drought and changing weather patterns. Farmers are looking for new ways to increase their profit margins while minimizing their risks.
In order to help them with this, a marketplace called Pro-Fiber was created that allows farmers to sell their grain (maize, rice, wheat), crops and other agricultural products online and make full use of digital marketing strategies to connect with more consumers. It also allows them to cut out middlemen who take profits from the sale price.
Farmers have always had a difficult time finding buyers for their products. It is hard to find a middleman who is willing to buy their products. This can leave the farmers with poor quality grain and with no buyers for their product.
The new agricultural market not only provides farmers with an easy way to sell their product but also provides those who are looking for certain commodities a new, more convenient way of obtaining them.
This market can be accessed by anyone from any location through a mobile app and features more than 250 thousand sellers as well as over 1 million users on the platform. These numbers are only increasing, with this marketplace having doubled in size in just two years.
The United Nations predicts that the world population will hit the mark of 10 billion by 2050. The question is, how many of those 10 billion people will be able to feed themselves? Our current agricultural system is not sustainable. It takes up too much water and land, pollutes our soil, and produces an unhealthy amount of greenhouse gases.
Farmers in Uganda are using a new marketplace to sell their produce.
In the past, farmers in Uganda sold their crops through informal channels or to wholesale traders. Nowadays, the government is encouraging them to use marketplaces like this one where they get a better price for their products and also have access to formal financing from banks and other financial institutions.
Farmers now have a marketplace where they can sell their produce globally.
Farmers are able to compete with the agricultural giants and have access to new markets and customers.
Farmers have gained a lot of exposure and attention in recent years. With this, their products are in high demand. Farmers are able to sell their agricultural crops and bee products at the marketplace. They can also buy grain and maize from other farmers.
The volume of trade has grown exponentially and is continuing to grow every day. The high growth rate is being driven by the increase in food production, an increase in the number of farmers, more high-value agricultural products, better access to markets for traders, and an increased demand for organic products. Recently a new marketplace was opened for farmers so that they can sell their produce (grain, maize) directly to buyers who want it at affordable prices without any middlemen taking a cut on their profits.
The agricultural market is one of the most important industries in any country. It not only impacts the food security, but it also influences the economic stability of a nation.
Farmers are often left with surplus, and sometimes they can’t even sell all their produce. To make things a little easier for them, farmers have established an online marketplace where they can list their products and potential customers from all over the world can purchase them. Not only does this fix excess supply problems, but it also provides exposure to new markets for these products which would otherwise never be found on traditional supermarkets shelves.
The world’s population is projected to grow to 9.7 billion by 2050, and yet the amount of farmable land is expected to shrink. Given the demand for food, farmers are going to need alternative ways of selling their products.
This new marketplace for agricultural products aims to provide a digital platform that connects buyers with sellers. The website sells grain and other agricultural commodities like corn and wheat in bulk quantities at lower prices than on the open market.