29 Jan What Monsanto, Deere, Case IH and other Companies Understand
My hotel in Dar es Salaam, Tanzania was invaded yesterday by a very large group attending the Agri Business East Africa Conference and Expo. On display in the conference seminar is a vast array of the latest in Agricultural technology, fertilizers, pesticides and more. Outside are the latest in tractors and farming implements.
Yes, the photo here is from Africa! Pictured are the grounds behind the (Five Star) Serena Hotel in Dar es Salaam, which by-the-way has excellent conference facilities, where the tractors and implements are on display. Case, Kubota, Deere, New Holland, Mahindra and more are all here.
Agriculture is on its way to being a massive industry in this part of Africa. I typically hear statements like “the future breadbasket of the world”, “unlimited potential” and “the most fertile available land in the world.” In the opening session yesterday the Vice-President of Tanzania mentioned his country was already a net exporter of grains and it will take several years of development for them to come even close to their output potential / capacity.
Now if the “big boys”, pictured and mentioned above, are here, and it is worth their time and investment, what does that say for the opportunities in East Africa for all of the support and service industries for agriculture? I’m not a farmer or agricultural expert but I would think this region may be the best opportunity in the world for such companies to grow their sales.
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