Despite insecurity, COVID-19, Farm now assures investors | Dailytrust

Despite insecurity, COVID-19, Farm now assures investors

By Grace Adetutu

 

Farmnow, a farm processing chicken, garri and producing eggs, tomato, among others has assured its investors it remains fully committed to ensuring food security, wealth preservation and adequate returns on investments to sponsors despite challenges in the country.

As insecurity and COVID-19 pandemic affect almost all sectors of the economy, the agricultural sector is adjudged as the most affected.

Farmnow stands as one of the surviving agro-tech firms in the industry with over 28 successfully completed agro ventures.

The firm has reiterated its commitment to fostering tech-driven collaborative solutions that would make agriculture profitable for all stakeholders along the agro-value chains.

  The farm, in a statement, said it had fine-tuned its farming projections to suit the current economic situation and absorb future unprecedented changes so as to avoid the biting effects of downtimes.

It also announced the move to restructure its payment schedule over a longer, more feasible and sustainable duration so as to ensure the survival of the business and protect its financial capacity to maintain contractual obligations with its partners and investors across board to span 18–24 months.

This, it explained, is to accommodate the current economic realities and ensure investors get returns on investments.

The company commended their partners and investors for their faith and trust reposed.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Donate or sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
UBA Plc
1007117397
Media Trust Ltd


Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410