Farmore offers association of farmers who come together to leverage economies of scale (usually referred to Farmer Producer Organizations or FPO), a business management tool to plan and operate efficiently and meet its financial and operational goals. With Farmore, organizations can carry out business transactions with a clear production and marketing plan and track their expected monetary returns. Farmore prevents glaring financial leakages and operational glitches which make these organizations carry out their operations at a sub optimal level exposing them to high business and existential risks. By enabling market led production planning, efficient operations and intelligent decision making, Farmore addresses the key threats in FPO business models and paves path for their sustainable success.
Define the key information of the company, its inputs and outputs, and manage member KYC, Buyer and Supplier information. Set up sub organizations units in the model of Farmer Groups or Federations. Capture financial details like bank accounts, loans and insurance coverage. Capture compliance requirements like Trade Licenses and their validity.
Define the input and output characteristics of crop varieties. How much of each input the crop type needs and what type of yield is expected at the pickings. This Crop Template is used to predict input costs and expected yield for each crop season.
Capture the farmer wise crop schedule for each season. How many acres of land they are allocating to each crop and when they are planning to sow. This data helps in getting the aggregate acres under cultivation in an area and the dates of cultivation. From this the volume and production schedule is determined during business planning phase.
For a particular Season and Crop, review the aggregate input requirement for the crop. You can estimate bulk requirements for Fertilisers, Pesticides, Fungicides, Seeds, Organic inputs. This provides a helpful input to costing and budgeting.
For a particular Season and Crop, review the aggregate yield for a crop. You can estimate bulk output over a phase of time. This helps is planning harvest planning, storage and transport planning, marketing requirements and an estimate of possible revenue.
Capture all procurement transactions in the system by date and supplier. This information gets updated in the Financial Accounting Journal automatically. Credit and Debit accounts are updated. Inventory on Hand is updated.
Capture all sales transactions. Sales can be made to farmer members or to outsiders via POS. Accounting Journal is updated automatically. Credit and Debit accounts are updated. Inventory is updated.
All Procurement, Sales, Wastage and Returns are tracked and Inventory on Hand is updated. This is used for stock verification.
Manage your bookings and future contracted rates. Get alerted when delivery dates approach or are overdue.
Create an auction platform where Farmers bring in their produce and are sold to the highest bidding Trader. FPO earns a commission to facilitate the transaction.
Review all accounts of Farmers, Traders and Suppliers. Generate Accounts Payables and Receivables. Track cash payments as well as Digital Payments. Generate, print and email account statements.
Generate reports for Procurements, Sales, Inventory, Market Participation, Revenues and Volume traded.
Facilitate internal and external review of the company to measure its performance and compliance. Key performance indicators reviewed are Membership, Financial inclusion, Loans, Insurances and Risk Protection, Leadership and Communication.