The Republic of Namibia, despite the abundant natural resources we have one of the worst climatic conditions in Africa. Namibia is mostly desert, hot and dry with rainfall very sparse and erratic. Prolonged periods of drought remain a major problem yet local producers fail to implement modern farming systems to increase production outputs.
Food security is becoming a problem and we are forced to import 60% of the food we need which includes fresh produce products. The solution to this is to introduce commercial size aquaponic farms which will produce fresh crops and use 90% less water than soil farming. Turning to aquaponic systems seem to be the solution to our problems, but my question to local producers was why didn't they just convert to aquaponic systems to increase production? They all responded with the same problem which did not make it viable to chance their farming system from soil to aquaponic;
1) The cost of fish feed
2) The transport cost to import the fish feed from South Africa
Being a fresh water fish breeder for some time I know that they use animal by-products, fishmeal and vegetable products to produce fish pellets. I structured a simple farming model that will make aquaponic farming in Namibia a feasible system to adopt. By using a abattoir, aquaponic farm and fish feed plant together, you produce fish feed for the aquaponic farms and the farming model produces no waste products in the end (Please see the "solution" section on page 4). Namibia has no shortage of cattle farmers that will be more than able to supply the abattoir throughout the year. The Namibian agricultural sector contributes US$ 1.98 billion to the local GDP annually and is the second largest contributor just behind the mining sector. In 2014 food imports amounted to US$ 510 million and this increases annually.
Continental Farm Company is a startup project looking for private investors to raise US$ 8 192 098.00 in total. Investors can earn potential returns of 25% which will be paid back on an annual basis over 10 years.
We will supply the following products and produce zero-wastage:
Fresh lettuce/ production capacity of 1 099 968 units annually
Fresh tomatoes/ production capacity of 55 200 units annually
Watermelons/ production capacity of 60 000 units annually
Fish and chicken feed/ production capacity of 443 362 KG annually
Meat products/ production capacity of 502 200 KG annually
Leather/ production capacity of 3 600 hides annually
Our proposed team consisting of 5 members (4 males & 1 female) has a combined experience of 104 years within this business sector/ environment.
Our main market will be large supermarket chains within Namibia that jointly has 72 shops across the country that will be the trading hub of all our products. Additionally, we will supply whole carcasses to large butcheries with 21 major shops across Namibia. We will also approach customers directly with farm markets and opening a CSA operation (community supported agriculture). Namibia has an estimated GDP of US$ 10.90 billion and agriculture is the second largest economic sector contributing 5.5% 32% of all spendings made by the average person in Namibia will be food related. Food prices in the country surged by 12.7% in January 2017 compared to prices in January 2016. This is mainly because the food purchase power of the Namibian Dollar (NAD) has declined by nearly 13% in the last year. During 2014/15, Namibia produced only 36% of the total demand for vegetables and 64% was imported. Targeting the international meat market In 2021 we want to start exporting beef products to Shanghai, China and other international markets
We are seeking to raise a total of US$ 8 192 098.00) which will be used as follows:
Land purchase - USD 1 241 353.00
Abattoir construction - USD 826 583.00
Butchery construction - USD 361 002.00
Feed plant construction - USD 726 705.00
Commercial aquaponic farms - USD 3 359 805.00
Design consultant fees - USD 37 190.00
Environment impact assestment - USD 1 240.00
Farm and transport vehicles - USD 1 164 773.00
Import taxes on equipment - USD 185 141.00
Operational cost (startup) - USD 288 307.00