Conservation Farming Unit Boosts Smallholder Farmers with Financial Literacy Training
The Conservation Farming Unit (CFU) has successfully empowered over a thousand smallholder farmers through its financial literacy training programs, aimed at enhancing agricultural productivity and resilience.
Dr. Oliver Kandela Bulaya, CFU’s project coordinator, emphasized the critical role of financial literacy in transforming the agricultural sector.
Speaking at a media briefing, Dr. Bulaya underscored that financial literacy is key for effective resource management and investment, which directly impacts farmers’ productivity and quality of life.
The training included essential components such as connecting farmers with insurance service providers and promoting the SAF government credit program.
The initiative focused on equipping farmers with skills to make informed budgeting, investing, and expense management decisions. It also provided guidance on optimizing resource use—land, labor, and capital—to maximize productivity and profitability.
Farmers learned to navigate credit options and manage risks like market price fluctuations and crop failures through insurance.
Dr. Bulaya highlighted that the training not only supports sustainable farming practices but also enables farmers to recognize market opportunities and negotiate better prices, thereby improving their income and living standards.
This financial knowledge contributes to community development and the long-term viability of farming operations.
In summary, CFU’s financial literacy programs have been instrumental in empowering smallholder farmers, fostering sustainable agricultural development, and enhancing the economic stability of farming communities.
