Amuludu Farms and Allied Agro: 2023 Third Quarter Status Report.
We thank God for the end of the third quarter of 2023. Our eyes which saw the beginning of the year are privileged to see the end of its third quarter.
As a farm we are have done what we could, but can do a whole lot more.
Amuludun Poultry: We have gone far on this, and were hoping to get the first house done. Only to find out Layer Pen #1 was not plumb. This require a whole lot of rework that left us exposed to the rainy season effect. We have since suspended work on the Poultry to focus on making the farm productive. The plan is to finish the poultry with money from the farm when it becomes sustainable.
Amuludun Ijebu Garri: This has been our main productive sector. Yet, we are still yet to breakeven, but sure promising. We were only able to produce two harvest of our Cassava. Which in a sense is good and promising. It shows what can be done. We have also become a household product in several stores and supermarkets in Lagos, courtesy of our CFO. Hopefully, we can build on this in the 4th Quarter.
Amuludun Cassava:All our harvest have been used in-house to produce Ijebu Garri. We don't have other harvests ready to go. Hopefully, we can get our processing going on an ongoing basis, as we get workers to make it happen.
Amuludun Cocoa: All the seedlings we nursed and planted did not survive. This is a shame. We will get to possibly replace this in the future.
As a farm we are have done what we could, but can do a whole lot more.
Amuludun Poultry: We have gone far on this, and were hoping to get the first house done. Only to find out Layer Pen #1 was not plumb. This require a whole lot of rework that left us exposed to the rainy season effect. We have since suspended work on the Poultry to focus on making the farm productive. The plan is to finish the poultry with money from the farm when it becomes sustainable.
Amuludun Ijebu Garri: This has been our main productive sector. Yet, we are still yet to breakeven, but sure promising. We were only able to produce two harvest of our Cassava. Which in a sense is good and promising. It shows what can be done. We have also become a household product in several stores and supermarkets in Lagos, courtesy of our CFO. Hopefully, we can build on this in the 4th Quarter.
Amuludun Cassava:All our harvest have been used in-house to produce Ijebu Garri. We don't have other harvests ready to go. Hopefully, we can get our processing going on an ongoing basis, as we get workers to make it happen.
Amuludun Cocoa: All the seedlings we nursed and planted did not survive. This is a shame. We will get to possibly replace this in the future.
Amuludun Sweetcorn: There is something we are not getting right with this. Our input out weighs our output. We will be rethinking this as we go along.
Amuludun Yam: We did plant more than 1,500 seedlings at the beginning of the year. Looking forward to harvest. I spoke severally of planting more, but that NEVER happened. Hopefully, we would have a better plan to increase seedlings in the ground and optimize the possibilities.
Amuludun Pineapple: We planted 7,500 seedlings to create our first orchard late last year. Looking forward to harvest and plans to create more orchards. We need to keep the cycle going. Based on when this fruits, it might be nice to keep a possible quarterly harvest. We chew more on this.
Amuludun Habanero: Our plan was to have planted an acre of this at the beginning of the year, but we seem not to have done that. What we have is not sustainable. This is a potential cash cow for us, if only we have it in the ground 365 days of the year. This is one of our major future thrust, as we push towards a sustainable farm.
Amuludun Tomatoes: This is none existent. The nursery we had and transplanted at the beginning of the year did not survive and was not replaced. we will see where this might fall going forward. It is not our top priority, but will remain in our consideration as we go ahead.
Amuludun Cucumber: This was a failure last year and this year also. Like the Tomatoes, it will remain on our list, though not our top priority.
Amuludun Plantain: Our first 500 suckers, planted two years ago are beginning to bear fruit. Unfortunately, they are scatter around the Lebanon farm. Plan is to cut the bunches ready in the coming week and market them. We bought 2,500 suckers at the beginning of the year, but the transportation was a disappointment. Hence, we only got 1,500 of these planted in our plantain plantation at Lebanon. We have since bought and planted a new 1000 suckers set to make it 2500 suckers planted in our plantain plantation, and a total of 3,000 in Lebanon Farm.
Amuludun Palm Kernel: We bought 350 seedlings of Tenera Nifor Palm Kernel. We have planted some of this, but have about 216 yet to be planted. These will be planted in the coming month - October.
Amuludun Beans: We planted the white beans at Havilah Farm at the beginning of the year. These are yet to flower. The Honey Beans seeds are yet to be planted. We will see how to schedule this in our plans. It is not top priority, but stay on our batch of options.
Amuludun Okro: We planted the long breed which does not last after harvest, and is thus not sought after in the market. We need to plant the short version, which the market wants. We are going to high grade this after the Super Habanero. Will schedule for fourth quarter.
This year has been plagued with high rate of farm workers turnover. This we need to arrest, as we go forward. We need to learn from the experience, and do a better job with our farm workers.
The farm has continued to run on borrowed money, as it has been since inception. The forward plan is to turn that around in the fourth quarter of 2023. We will do all we can to make the farm productive. It will run on what it generates starting from January 1st 2024.
Thanks.
Akin Akinbodunse
Amuludun Yam: We did plant more than 1,500 seedlings at the beginning of the year. Looking forward to harvest. I spoke severally of planting more, but that NEVER happened. Hopefully, we would have a better plan to increase seedlings in the ground and optimize the possibilities.
Amuludun Pineapple: We planted 7,500 seedlings to create our first orchard late last year. Looking forward to harvest and plans to create more orchards. We need to keep the cycle going. Based on when this fruits, it might be nice to keep a possible quarterly harvest. We chew more on this.
Amuludun Habanero: Our plan was to have planted an acre of this at the beginning of the year, but we seem not to have done that. What we have is not sustainable. This is a potential cash cow for us, if only we have it in the ground 365 days of the year. This is one of our major future thrust, as we push towards a sustainable farm.
Amuludun Tomatoes: This is none existent. The nursery we had and transplanted at the beginning of the year did not survive and was not replaced. we will see where this might fall going forward. It is not our top priority, but will remain in our consideration as we go ahead.
Amuludun Cucumber: This was a failure last year and this year also. Like the Tomatoes, it will remain on our list, though not our top priority.
Amuludun Plantain: Our first 500 suckers, planted two years ago are beginning to bear fruit. Unfortunately, they are scatter around the Lebanon farm. Plan is to cut the bunches ready in the coming week and market them. We bought 2,500 suckers at the beginning of the year, but the transportation was a disappointment. Hence, we only got 1,500 of these planted in our plantain plantation at Lebanon. We have since bought and planted a new 1000 suckers set to make it 2500 suckers planted in our plantain plantation, and a total of 3,000 in Lebanon Farm.
Amuludun Palm Kernel: We bought 350 seedlings of Tenera Nifor Palm Kernel. We have planted some of this, but have about 216 yet to be planted. These will be planted in the coming month - October.
Amuludun Beans: We planted the white beans at Havilah Farm at the beginning of the year. These are yet to flower. The Honey Beans seeds are yet to be planted. We will see how to schedule this in our plans. It is not top priority, but stay on our batch of options.
Amuludun Okro: We planted the long breed which does not last after harvest, and is thus not sought after in the market. We need to plant the short version, which the market wants. We are going to high grade this after the Super Habanero. Will schedule for fourth quarter.
This year has been plagued with high rate of farm workers turnover. This we need to arrest, as we go forward. We need to learn from the experience, and do a better job with our farm workers.
The farm has continued to run on borrowed money, as it has been since inception. The forward plan is to turn that around in the fourth quarter of 2023. We will do all we can to make the farm productive. It will run on what it generates starting from January 1st 2024.
Thanks.
Akin Akinbodunse
Chairman, Chief Executive Officer (CCCEO) and
Chief Farmer (CF)
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