IMC will provide credit in the form of improved high yield seedlings and fertilizers to participating plantations under the scheme. This eliminates the cash flow constraints that hinder investments for higher outputs often faced by plantation owners. The credit is paid off over the course of the year with palm fruit harvests.
Plantations can hand over management and care of their palm trees to IMC’s technical teams. Activities like harvesting, pruning, slashing, planting and fertilization will be carried out by highly trained and technically competent teams from IMC. Plantations will benefit from the same level of good agricultural practices and technical expertise employed in IMC’s plantation as well as farm management training by oil palm experts.
Assured Palm Bunch Off-take
IMC commits to off-taking palm bunch harvest from participating plantations at prevailing market prices. This eliminates market uncertainties and guarantees a fair price to participants.
4,000 direct and 19,000 indirect jobs through our outgrowers program and newly leased lands. Additional higher level jobs with health care workers, teachers, outgrowers’ program trainers.
⦁ Participating in the IMC out grower scheme gives access to improved high yielding seedlings that can give up to 3times your current yield
⦁ IMC will arrange inputs financing for participating out growers, meaning that participants can manage cash flow better and pay with palm fruits at harvest.
⦁ IMC will also arrange for harvesting, pruning and other plantation care activities, allowing participants enjoy the benefits of professional care of their plantation.
⦁ Participating plantations can save up to 25% on farm labor costs.
⦁ Access to experienced palm plantation personnel from around Africa.
⦁ IMC will provide skilled farm labor to participating plantations at very affordable costs generally below current market prices. This means that the perennial search for skilled plantation workers is over.
⦁ An assured market for your palm fruit bunches at the prevailing market price, means that planned long-term investments in expansion and replanting becomes possible with the increased cash flows.
Criteria for Participation
Participation in the scheme is open to owners of plantations between 5 – 500 hectares in size. IMC will verify ownership and plantation size to qualify interested participants in the scheme.
Benefits of scheme to IMC Plantations and expectations:
The only benefit IMC Plantations will derive from the relationship with the farmers is getting more fruits to satisfy the throughput of the mill as the Company embarks on its replanting program.
IMC’s vision and expectation is get 5,000 hectares of plantations in the OUTGROWER program.