Supporting Improved Financial Management for Poultry Farmers in South Africa
South Africa’s poultry sector, particularly among small and medium-sized producers, faces significant barriers to growth. One significant barrier is a lack of access to financial training and tools necessary to properly manage their poultry operations. This often results in poor record-keeping, limited understanding of cost management, and missed opportunities for financial planning. Without these essential skills, small-scale farmers struggle to expand their businesses, secure loans, and achieve profitability.
In 2018, with funding from the U.S Department of Agriculture, the World Poultry Foundation (WPF) partnered with Franchising Plus of Pretoria, NedBank, the South African Department of Agriculture, Forestry and Fisheries (DAFF), and provincial agricultural staff to address these challenges by delivering financial training workshops for poultry producers. The financial workshops covered several important aspects of finances including general accounting methods, record keeping, balance sheets and cost and income projections for their own operations.
