Stakeholders mull community grain bank initiative to end

One of the major challenges facing the country’s agricultural sector that has defied all possible solutions over the years is the issue of post-harvest losses. The losses are currently estimated at N3.5tr yearly, with each state and their Local Councils, including the Federal Capital Territory , losing about N94.5b yearly.

Community grain bank is a system where the grains produced locally are stored and distributed to participating farmers as seed at planting time. The banks are managed by farmers and if properly run, they alleviate shortages of seed and ensure timeliness of seed supply to rural farmers. They can also act as a safety bank for seed, especially in times of drought.

The former Chairman, Lagos Chambers of Commerce and Industry – Agric Sector/Managing Director of Bama Farms, Prince Wale Oyekoya, confirmed that the initiative would address the post-harvest debacles. He lamented that insecurity poses another major problem for farmers, as clashes with herders have driven many away from their farms for fear of attack and losing their lives.

A farmer based in Osogbo, Osun State, Mr. Mobolaji Olusola, who described it as a welcome development if embraced, said the community grain bank initiative has been a good success in other countries as farmers are sure of basic sales if they can’t sell their harvests to private sectors with huge cash.

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