INTOFAWOR Cooperative Seeks Loans

first_imgPart of the 50,000 cocoa seeds at an INTOFAWOR Farmers’ Cooperative Society nursery in Foya District, Lofa CountyWith the challenge of finding buyers for their harvests facing farmers in Lofa County, the Intofawor Farmers’ Cooperative Society (IFCS) in Foya District is asking the Government for financial assistance in the form of loans to buy stockpiles of rice and cocoa from farmers languishing in warehouses.The IFCS general manager, Saah R. James, told the Daily observer recently that it would cost the cooperative US$25,000 to buy paddy rice and other crops from farmers.Part of the 50K cocoa seeds at an INTOFAWOR Farmers’ Cooperative Society nursery in Foya District, Lofa County“Our cocoa, coffee and rice farmers have harvested and processed most of their produce with the intent of selling them to our cooperative. But due to financial limitations, we cannot buy all of these commodities and so we are appealing to the government for loans,” he pleaded.Mr. James disclosed that his cooperative has received 50,000 cocoa seeds from Trade Link Corporation (TLC) to rehabilitate its 25,000-acre cocoa plantation.“The cocoa seeds are currently being nursed and when transplanted will produce cocoa pods in 18 months, which will boost farmers’ cocoa harvests and incomes,” he added.Mr. Thomas Saah Nyumah, a farmer in the same district, underscored the need for government and its partners to make substantial investments in his district for farmers engaged in the cultivation of lowland rice.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img