Agriterra Limited

Climate Impact & Sustainability Data (2017-06 to 2017-03)

Provided practical training for students in various agricultural fields.
Disseminated agricultural management knowledge and practices.
Provided health and medical assistance, including constructing a clinic.
Supported Mozambique during the drought period by providing maize flour to alleviate hunger and support school children's education.

Long-term Goals:

Recommence cattle farming operations once appropriate investment conditions are re-established.

Medium-term Goals:

Short-term Goals:

Drought conditions significantly increased the cost of raw maize.
Mozambique experienced high inflation, currency devaluation, and political and military tensions.
Significant drop in demand and lower prices for maize flour in January-March 2017.
High interest rates on bank facilities impacted profitability.
De-stocking of cattle farms due to military tension.
Health risks associated with operating in Africa (Ebola epidemic in Sierra Leone).

Implemented cost savings in Grain and Beef divisions.
De-stocking of cattle farms to reduce cash requirements and generate cash inflow.
Reduction of Beef division's bank finance.
Disposal of Cocoa operations in Sierra Leone.
Assessing potential for new feedlot and abattoir facility in North Mozambique.
Assessing new retail units in strategic locations.

Frameworks Used: IFRS

Third-party Assurance: RSM UK Audit LLP

Initiatives contribute to these goals through training, community development, and food security programs.