taboola

Tarfin offers farmers an “Income-Protected Package” to protect their wealth and provide payments at market value for inputs

Tarfin offers farmers an “Income-Protected Package” to protect their wealth and provide payments at market value for inputs 18.01.2023

Tarfin continues to lead the agricultural industry by providing technological and innovative solutions while also supporting farmers and agricultural dealers. Tarfin created the Income-Protected Package to ensure farmers can maintain production despite fluctuations in the economy. Through the Income-Protected Package, which is being piloted exclusively for wheat, Tarfin helps farmers to purchase their inputs for wheat production indexed to the value of the crop. Farmers are thus protected from economic shifts. Last week, this sales model, which has been already tested in a few regions, was introduced to farmers at the authorized sales point across Turkey. 

Tarfin protects farmers from price increases

The purchase of agricultural inputs is based on the average of the common wheat category in the Turkish Mercantile Exchange (TMEX), and the farmers make payments that are indexed to the prices of the same exchange on the due date. The price cap is applied to make sure input purchases of farmers do not exceed a certain amount. Farmers can also easily monitor prices as wheat prices are presented in a transparent manner.

“We are committed to ensuring the sustainability of agriculture”

“Tarfin continues to support the industry in order to ensure the sustainability of agriculture and is committed to creating new solutions for the agricultural supply chain,” said Mehmet Memecan, CEO of Tarfin. “Our solutions aim to strengthen the position of our farmers by safeguarding them against the recent setbacks in the economy. Our Income-Protected Package will help farmers navigate the rising input costs, challenging economic conditions, and growing global supply. We support our farmers to maintain their purchasing power. We present a model that will safeguard not just the work of our farmers, who are an essential component of a robust economy, but also the value they bring to our country and the future, to ensure they move forward with confidence.  We plan to expand the scope of this model, which is now accessible to wheat farmers, by including other product categories.” 

About Tarfin 

As Tarfin, we believe that farmers have crucial importance for our well-being, and we have pursued our activities to support farmers and farm operations since our establishment. Using proprietary machine learning-based agricultural risk scoring models, we ensure that Turkish farmers have access to all agricultural inputs such as fertilizers, seeds, and feed with competitive prices and the chance to pay at harvest. Via Tarfin Mobil, farmers are able to compare current prices of fertilizers, feed, and other agricultural inputs through vendors closest to them. Today, our farmers can easily reach us via Tarfin Mobil and more than 1200 authorized Tarfin retailers operating in more than 80 cities. Farmers who want to purchase their agricultural inputs from Tarfin on harvest payment or cash basis, visit our sales points in their region, complete their transactions within 4 minutes, and receive their agricultural inputs instantly.

 

 

share

Similar News

Tarfin Continues to Empower Farmers with New ABS Issues and International Loans
18.01.2022
Tarfin Continues to Empower Farmers with New ABS Issues and International Loans

Tarfin, the leading digital agriculture platform that enables farmers to access agricultural inputs, continues to provide services at more than 750 authorized retailers in more than 70 provinces with competitive prices and the option to pay at harvest time.

Continue to read
Tarfin Mobil helped 260,000 farmers in just two years, making it a pioneer in the digitalization of agriculture.
16.09.2022
Tarfin Mobil helped 260,000 farmers in just two years, making it a pioneer in the digitalization of agriculture.

Tarfin Mobil helped 260,000 farmers in just two years, making it a pioneer in the digitalization of agriculture. Tarfin Mobil, launched two years ago to support the technological development of the agricultural sector, has quickly reached 260,000 farmers in Turkey.

Continue to read
Tarfin has concluded the first ABS issuance of the 2022-2023 agricultural season
27.10.2022
Tarfin has concluded the first ABS issuance of the 2022-2023 agricultural season

Tarfin, which always strives to support the farmers with the services it provides, has concluded the issuance of Asset-Backed Securities (ABS) worth 100 million TL with an average maturity of 245 days. As the first ABS issuance of the 2022/2023 agricultural season, this is also Tarfin's 17th ABS issuance, bringing the company's total export volume to 842 million TL.

Continue to read