Brazilian company inks pact for major initiative in Intermediate Savannahs
A MEMORANDUM of Understanding (MOU) was recently inked between NF Agriculture Inc. and investors of Lucas do Rio Verde, located in the Brazilian State of Mato Grosso, which will see the commencement of an agricultural village in Guyana’s Intermediate Savannahs.
The agreement was signed at the Rio Verde Research Foundation in Mato Grosso, a statement from the Ministry of Agriculture said on Sunday.
According to the Ministry, work is scheduled to commence shortly and will see the construction of bioethanol stations, a state-of-the-art research institute,large-scale agricultural production of corn and soybean and banking institutions among others lucrative ventures.
Agriculture Minister Noel Holder, who led a delegation to the city of Lucas do Rio Verde, Brazil, from June 3-9, received a first-hand look at the production base of the private sector within the state.
While at the research station, the team was met by the Research Institute’s President Marino Franz, who showed the work of the institute via a video presentation, highlighting some of the progress the institute has made in the area of research, to ensure that farmers in Brazil are exposed only to the best form of seed materials.
The foundation, which was established in 1992, generates its revenues from research done to support agricultural advancement, in conjunction with the State University.
“The work of the institute is diverse in that we not only look for new and innovative ways each day to improve technology, but we work to ensure that all trials are done aimed at improving production and productivity,” Franz said.
He explained that the institute which works with corn, soy bean, and rice was successful in the development of size between crops to improve farmers’ production. He credited this success to the improvement of soil spacing, genetics and the will-power of the farmers.
All of the technology employed in the State of Roraima came from the research institute which annually hosts and demonstrates new and innovative ideas to boost production. According to Franz, this has a generating capital of 100M.
“Our soil type is similar to that of Guyana, so whatever is applied here with this amount of success can be safely adopted in Guyana guaranteeing the said amount of successful returns,” he declared.
Asked about the challenges the institute has faced over the years, Franz said that while there have been many, mainly due to the variety being that of subtropical, the institute has maintained its high standards and production.