YPA MAGIC MAIZE PROJECT
This initiative aims to empower farmers by providing them with the resources and support needed to cultivate maize successfully and achieve significant financial gains.
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About the Magic Maize Project
The YPA Maize Project operates on a two- year contract basis, encompassing four distinct planting seasons. Here’s a breakdown of the key points:
- Land and Investment: Farmers can secure a one-acre maize plot for a one-time fee of 3 million Ugandan shillings (UGX). This is returned to the farmer at the end of the contract if the farmer does not wish to continue with their project.
- Harvest and Earnings: Following each successful harvest season (approximately every six months), farmers receive a payout of 1.2 million UGX. However, it’s important to note that farmers will only receive payouts for three seasons: the first, third, fourth, and the second season will be for YPA.
Season Sharing:
- YPA takes responsibility for managing all aspects of planting across all four seasons, ensuring best practices and maximizing yields.
- YPA retains the harvest profits from the second season only. This profit covers operational costs associated with managing the entire project, including planting for all seasons, and serves as a service fee for YPA’s expertise.
- Farmers retain control and harvest profits during the first, third, and fourth seasons.
Contract Completion and Reinvestment:
- After the two-year contract concludes, farmers receive their initial investment of 3 million UGX back in addition to the earnings from their three harvests .
- If farmers wish to continue participating in the project beyond the initial contract, they can choose to reinvest their earnings and principal amount into a new two-year contract.
Amazing Benefits
Reduced Risk
By partnering with YPA, farmers benefit from their expertise in maize cultivation, minimizing the inherent risks associated with independent farming.
Guaranteed Income
The consistent payouts after each harvest season (for three seasons) ensure a reliable source of income throughout the two-year contract.
Expert Support
YPA takes care of all planting-related tasks, ensuring adherence to best practices and maximizing yields.
Improved Skills
Through observing YPA’s methods and potentially participating in some aspects of the project, farmers can gain valuable knowledge and experience in maize farming practices.
Investment Return
At the end of the contract, farmers can receive their initial investment back in full if they do not wish to have another contract.
Flexible Reinvestment
Farmers have the option to continue participating in the project by reinvesting their earnings and principal amount for another profitable cycle.