A farmer has many challenges but perhaps the most challenging one is finding a buyer for produce at an attractive price. So, when a person offers to contract a farmer to produce and buy your produce, a farmer is all ears. But while the opportunity is attractive and indeed needed, what must a farmer look out for?
Let us review the scenario in which the buyer requires you to buy seed (in the case of plants) or breeders (in the case of animals) and other materials necessary for production from the buyer and to use only these in your farming enterprise.
What are the risks?
- The projections on return on investment being higher than those that can be earned in reality.
- Exorbitant prices of seeds or breeders that are inconsistent with the market price making your cost of production high.
BNM Advocates provides legal representation and advisory services to corporate and individual clients in Uganda and beyond
We desire to grow and integrate impactful legal solutions that drive business and mitigate risks. Our clients include companies within Banking & Finance, Insurance, Communication, Health, Education, Agriculture, Small and Medium Size Enterprises, Real Estate, Transport and Manufacturing sectors.
Our team comprises of experienced legal practitioners both within Uganda and beyond. We pride ourselves in building strong relationships with our clients, by providing professional and innovative legal solutions.