RICE FARMING & PRODUCTION
Prestige Farms focus majority on rice farms and rice production across Ghana by investing in major rice farm lands to produce high quality local rice to meet international standards. Rice is a major food staple and a mainstay for the world population and for household food security. It is mainly cultivated by small farmers in holdings of less than one hectare. Rice also plays an important role as a “wage” commodity for workers in the cash crop or non-agricultural sectors.
This duality has given rise to conflicting policy objectives, with policy makers intervening to the rescue of farmers when prices fell too low or in the defence of consumer’s purchasing power, in cases of sudden prices hikes. Rice is of special importance for the nutrition of large reaches of the population in Africa, America and the Caribbean and, increasingly so, in Africa. As a result, it plays a pivotal role for the food security of over half the world population. It is also a central component of the culture of a number of communities.
For those reasons, rice is considered as a “strategic” commodity in many countries, both developed and developing, and has consequently remained subject to a wide range of government controls and interventions.
Production trends and prospects
Global rice production in the 1990s has been expanding at 1.8 percent per year, marginally above population growth. By the end of the decade, it reached some 610 million tonnes of paddy (410 million tonnes in milled equivalent). In the early 2000, the sector was subject to a major overhaul, when several important producers took steps to cut domestic rice surpluses and reduce the size of rice inventories. The production downsizing process continued until 2003, when production started to peak again, reaching an all-time high of 632 million tonnes (422 million tonnes of milled rice) in 2005.
CASHEW PRODUCTION
Prestige Farms Limited is poised to establish itself as a key player in the production, procurement and export of raw cashew nuts (RCN) from Ghana's Bono Region, a prominent cashew-producing area. By capitalizing on competitive procurement prices, favorable export margins, and robust risk mitigation strategies, the company aims to generate a higher profit in local and export sales. This plan emphasizes operational agility, quality control, and strategic partnerships to ensure sustainable growth in the global cashew market.
VISION:
To become a leading exporter of high-quality raw cashew nuts from Ghana, fostering economic growth in the Bono Region through sustainable agricultural trade.
MISSION:
To procure and export raw cashew nuts with a focus on quality, efficiency, and profitability while supporting local farmers and maintaining environmentally responsible practices.
MARKET OPPORTUNITY:
Ghana is one of the world's top producers of raw cashew nuts, with the Bono Region contributing significantly to national output. The global demand for cashew nuts, driven by increasing consumption Asia, Europe, and North America, presents a lucrative opportunity for exporters. With an average expo price of $1,300 per MT (equivalent to GHS 13,650 at an exchange rate of 10.5), and a procurement co of GHS 6,500 per MT, the business stands to achieve a gross margin of GHS 7,150 per MT. The company will target international buyers in key markets, leveraging Ghana's reputation for high-quality cashew nuts to secure favorable contracts.
Our Services
Contact With us
Movenpick Ambassador Hotel Emporium
5th Floor & Ministries Accra - Ghana
POULTRY AND EGGS PRODUCTION
Prestige Farms operates a poultry farm with over 10,000 layer hens, focusing on egg production using a modern battery cage system. The farm targets local retailers, wholesalers, restaurants and direct-to-consumer sales to maximize revenue.
VISION:
To become a leading supplier of high-quality eggs in the local and regional market, leveraging efficient production and ethical farming practices.
MISSION:
To produce fresh, high-quality eggs using a battery cage system, ensuring optimal bird health, cost efficiency, and customer satisfaction while contributing to local employment and food security.
KEY SUCCESS FACTORS:
- - Efficient battery cage system to maximize egg production.
- - Robust biosecurity and health management to minimize mortality.
- - Diversified sales channels to reduce market dependence.
- - Strong brand identity through quality and reliability.
MAIZE FARMING PROJECTS
ALLEVIATING POVERTY THROUGH MAIZE PRODUCTION
World Poverty Situation suggest that in 2020, between 720 million and 811 million persons worldwide were suffering from hunger, roughly 161 million more than in 2019. Also, in 2020, a staggering 2.4 billion people, or above 30 per cent of the world's population, were moderately or severely food-insecure, lacking regular access to adequate food. The figure increased by nearly 320 million people in just one year.
Globally, 149.2 million children under 5 years of age, or 22.0 per cent, were suffering from stunting (low height for their age) in 2020, a decrease from 24.4 per cent in 2015. In order to address these risks, the Food and Agriculture Organization urges countries to:
- Meet the immediate food needs of their vulnerable populations
- Boost social protection programmers
- Keep global food trade going, Keep the domestic supply chain gears moving, and
- Support smallholder farmers' ability to increase food production.
URGENT POVERTY REDUCTION MEASURE
Sustainable Development Goal 2 is about creating a world free of hunger by 2030.
GHANA POVERTY SITUATION
The Poverty and Inequality analysis reveals that although Ghana celebrates being a Lower Middle-Income Country, the gap between the poorest 10% and the richest 10% of the population has been on the rise and has increased since 2006. Regional disparities, which create uneven development and opportunities across the Ghana Growing inequality in consumption, which widens the gap between the rich and the poor and create social problems. In 2023, around 2.99 million people in Ghana lived in extreme poverty, the majority in rural areas. The count of people living on less than 1.90 U.S. dollars a day in rural regions reached around 2.8 million.
SURVIVAL ZONE INTERNATIONAL EFFORTS
Over the years this company have played its part in the rescue of the poverty situation in Ghana by distributing food, building materials, books etc. to various institutions in the Eastern, Volta and Greater Accra regions of Ghana. Currently after a nationwide research we have opted for an agricultural grains project in the Eastern Region of Ghana to urgent Government efforts at creating employment for masses and ensuring poverty reduction in the rural areas.