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Dishonesty is not just a problem in farming, or Russia

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I currently manage rubber and palm plantations in West Africa as well as trade the production of these estates.

Previously I worked with one of the largest Malaysian groups in these product lines as well as a large US multinational

I find it most interesting that exactly the same issues that plague farming in Russia are those that plague farming in Africa and South East Asia. (Reference: Dishonesty mars Russia's development in farming.)

'Operational hazard'

Theft will always be part and parcel of any business where you keep inventory. Ask makers of fast moving consumer goods, or even mobile phones.

Theft can is an operational hazard and has to be managed just like any other operational challenge.

The manager of the farm in Ukraine as on Agrimoney.com stated that rather than dishonesty being the greatest problem for agricultural businesses, it is the perspective of the investors, which tends to be very short term.

He is absolutely correct that scarcity of working capital and the reluctance of the investors/boards to continually invest in equipment in a timely manner is probably a bigger challenge.

Management is then forced to spend a lot of time and effort seeking solutions to these issues.

What do you think? For your say on the debate, write to Agrimoney.com at inquiries@agrimoney.com. Requests for anonymity will be strictly respected

By Taiwo Ajose

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