- Posted by Phillip Hamilton 17 Apr
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In Sierra Leone, MEDA and Mountain Lion Agriculture signed a cooperation agreement with MEDA aimed at advancing MLA’s interests in Sierra Leone. MEDA will deliver expertise in market-driven, small farmer out-grower crop production and output consolidation systems and value chain development. Mountain Lion Agriculture is co- owned and co-managed by an experienced Sierra Leonean commercial farmer and a Venture Capital fund, SL Development Financing Ltd., from Canada.
MLAg is a rice processing business operating throughout the entire rice value chain, profiting by providing small rice farmers what they need to grow, and then buying/processing what they produce. Input sales, seed loans, machine rental/sales, a 250-acre research farm and a mill, all launched in early 2010 are today operating profitably. These multiple elements give the business a unique “ecosystem” approach, which allows it provide farmer financing in return for paddy, and creates multiple, resilient revenue streams. The company’s ultimate goal is to become SL’s first nationally produced brand of local rice.
The project is going to reach 5,000 smallholder farmers, connecting them with MLA and markets.