Coscharis Farms Limited (Coscharis) is a subsidiary of Coscharis Group that commenced farm development activities in mid-2015. It is strategically located at Anaku, within Anambra State. In order to achieve its mission of becoming the most efficient, cost-effective, fastest growing producer, marketer and distributor of superior quality rice in Nigeria, Coscharis Farms has invested in a comprehensive rice value chain encompassing rice cultivation, milling, storage and marketing. Coscharis own farm currently covers 2,500 ha of land (with plans to expand to 5000 ha). The Company intends to secure an additional 1,000 ha of adjacent land for purposes of developing an in-grower scheme. In 2019, Coscharis Farms built and commissioned a 40,000 MT rice mill, together with a 25,000 MT silo complex for storage which is managed through a 10-year concession from the Federal government.
To be able to meet the demand of its rice mill, Coscharis aims to establish a resilient and robust supply base by investigating the efficiency and financial sustainability of an in-grower model, which is still in the design phase. The SDM analysis compares efficiency, financial sustainability and impact on farmer’s income of the different sourcing options. These sourcing options are Coscharis own farm, in-grower scheme, out-grower program and the open market.