Greed Field Ventures Limited Essay Example | Topics and Well Written Essays - 2250 words

Greed Field Ventures Limited - Essay Example Allison Madison has been in agricultural production since 1980s. He inherited a vast land at different locations. All together he inherited about 1150 acres. Only about half of the total farm land was cultivated at the initial stage. Farming was highly seasonal. Hence there the capital base was small. The turnover was about $89,500.00. Only the farm lands close to villages were cultivated. Labour was provided by villagers and seasonal migrants. There were no built structures except small round-shaped mud warehouses scattered in the village settlements. The crops produced were crops produced in the neighbouring village settlements. They were all cereals: maize, millet and guinea corn. Although production was above subsistence level, farm produce were largely sold in the village market. Thus prices were highly variable and unpredictable. There was no proper record of the inputs and outputs in the production process. Except for the processing of maize stalks into fence, there was no val ue added to the production process. By late 1990s Allison has settled down. The acreage inherited was fully utilized. The types of crops produced have increased. Ground nuts, soya beans and rice were produced. Manual labour was complimented by tractors. Two tractors were hired. The size and type of crops produced were not for village market. Two warehouses were consequently built, where farm produce were stored and sold when prices are favourable. A truck with capacity of conveying 3 tonnes was bought purposely for transporting produce to distant markets and buyers. Allison was assisted in the management of the farms by his son, with a degree in business administration, and his nephew with a diploma in agricultural economics.