TAFE Signs a MOU with Small Farmers Agribusiness Consortium (SFAC)

TAFE signed a Memorandum of Understanding (MOU) with the Small Farmers Agribusiness Consortium (SFAC), an autonomous society promoted by the Ministry of Agriculture and Farmers Welfare, Government of India, to provide farmers of FPOs supported by SFAC with access to farm mechanisation and implements via JFarm Services (JFS).

SFAC was a pioneer in organizing small and marginal farmers into Farmer Interest Groups (FIGs), Farmer Producer Organizations (FPOs), and Farmers Producers Companies (FPCs) (FPC).

It serves as a platform for increasing the accessibility and lower cost of agricultural inputs for small and marginal farmers, as well as for establishing forward and backward supply chain linkages.

Through JFarm Services, TAFE offers a Farmer to Farmer (F2F) custom hiring digital platform, with the goal of increasing farm mechanization penetration and benefiting small and marginal farmers across India.

SFAC and TAFE will collaborate to enable farmer members of FPOs to access farm mechanization services on a rental basis through JFS.

Farmers can use JFS to rent tractors and implements from nearby providers without incurring any service fees. JFS is available in select districts across 16 Indian states. JFarm Services is committed to the economic well-being of Indian farmers and shares TAFE's vision of Cultivating the World.

What is Small Farmers Agribusiness Consortium?

• Small Farmers Agribusiness Consortium (SFAC) is an autonomous society supported by the Government of India's Ministry of Agriculture Cooperation and Farmers' Welfare.

• SFAC is an exclusive society dedicated to increasing the incomes of small and marginal farmers through aggregation and agribusiness development.

About TAFE:

Tractors and Farm Equipment Limited (TAFE) is an Indian tractor manufacturer based in Chennai that was founded in 1960 and had a revenue of INR 93 billion in 2014–15. TAFE, the world's third-largest tractor manufacturer and India's second-largest by volume, controls a quarter of the Indian tractor market, selling over 150,000 tractors (domestic and foreign) each year.