The world's largest agricultural equipment manufacturer, Deere & Co is laying out plans to work with the Howard G. Buffett Foundation as well as DuPont Co's seed unit to provide assistance to small scale farmers in Africa increase its agricultural production.
The partners would collaborate with Ghana, currently the world's biggest producer of cocoa, where Deere machines would be used to plant DuPont Pioneer subsidiary seeds and nurtured by the Buffett foundation's conservation based agricultural processes. From Ghana, the partnership hopes to expand its reach throughout Africa.
According to Howard G. Buffett, chairman and CEO of the Buffett foundation, through a statement, "The long term food security of Africa depends upon rebuilding its degraded soils, which can best be achieved through the widespread adoption of conservation agriculture practices."
In a report from the Rabobank Group released today, the share of global agricultural exports of Africa continues to decline while prices for food and other imports continue to increase.
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