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Cocoa farmers expected to benefit from new financial model – Dominica News Online

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“A powerful, fantastic and extremely useful tool which should be in the hands of every cocoa farmer in Dominica. I am looking forward to its implementation.” Those are the phrases of 1 cocoa farmer who attended the latest Cocoa Cluster Development Project Cocoa Management Training in Portsmouth.

The coaching was coordinated by the Cocoa Cluster Development Initiative and Dominica Export Import Agency
(DEXIA) and supplied the discussion board for Brent Barnette, Economic Growth Lead with the Climate Resilience
Execution Agency (CREAD) to unveil the draft Cocoa Financial Model developed particularly to assist cocoa
farmers perceive the associated fee drivers that have an effect on the profitability of rising cocoa, whereas understanding how
cocoa manufacturing can contribute to a sustainable supply of revenue.

This led to a spirited dialogue among the many 13 cocoa farmers and two Ministry of Agriculture Extension Officers
who attended. Meaningful and considerate ideas to tweak and enhance the model in addition to commending
the performance and timeliness of such an innovation was predominant within the dialogue.

Another farmer famous that it might additionally lead to serving to farmers to realistically negotiate prime greenback and decide revenue and loss.

DEXIA’s Cocoa Cluster Development Manager, Taletha Laudat led the session alongside DEXIA’s Head of Export,
Promotion and Development, Lloyd Pascal, who collectively, spoke to the farmers in regards to the significance of
recordkeeping, knowledge administration, crop husbandry, crop institution and administration.

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CREAD will proceed to work carefully with DEXIA in the direction of full implementation of the Cocoa Financial Model for
the benefit of all cocoa farmers in Dominica initially, with a view to extending to the broader farming inhabitants
sooner or later.2

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