3. Business Innovation
A. Research & Development
Research projects will be focussed on increasing the starch yield from production, through better genetic varieties, harvesting techniques and storage conditions. Optimising sustainably water use will be investigated.
Processing will be crucial to adding value to the industry. The need is to reduce the capital cost of the processing plant and this will be investigated. The primary operational cost is in energy for drying. A special project will investigate the use of solar energy and other new developments.
A special investigation has started to evaluate a new technology that would have immediate impact on drying starch but also could be the replacement fuel for boats and trucks. This would have no moving parts, produce power over 24hrs, use solar cells for generating electricity and be sustainably at a fraction of the price of solar technology.
We will be setting up a nursery farm to continual to select the best starch yielding species, and will be working with CIAT and other international organisations to continue to develop the crop performance.
B. Insurance Policy
- Type of Insurance: Trade Insurance
- Workers Compensation: Employment Insurance
- Public Liability Insurance: $20 Million Public Liability Insurance Policy
- Professional Indemnity: Professional Indemnity Insurance to be Investigated
- Product Liability: Product Liability Insurance to be Investigated
C. Memberships & Affiliations
D. Environmental Impacts
Water is essential to both production and processing and will be critically managed throughout the business. This particularly involves the selection and design of the processing equipment and its operational management. Fortunately cassava will be grown in high rainfall areas and sustainable ground water resources are available at the sites currently being considered for processing plant.
Nitrogen is critical for high yielding cassava production. There are dangers of excessive use of nitrogen and that this would get into waterways and groundwater. There will be extensive controls over the timing and quantity of the applications.
Community Impact & Engagement
The company will directly engage with the farmers as suppliers of product. Cassava farming engages with the rural community and financially rewards both farmers and rural families directly. It is aimed to transform Myanmar agriculture. It will introduce new communication capability aimed at enhancing health, welfare, education and income. Farmers must be healthy and well educated. To further stimulate this Tint Tint Myanmar Group of Companies has special initiatives in health and education to build the rural communities.
Risks & Constraints
The primary constraints to the operation on the environmental and sustainability's are education of the farmers and finance. Even in the worst scenarios however these do not prevent the company meeting its environmental goals.
The Company has a strategy of minimising the environmental impact of its operations, both in its activities but also in its suppliers. The Company will have an Environmental Plan to minimise any negative environmental or sustainability impacts. There will be both controls and audits to ensure both the regulations and directions are met and that they are strictly adhere to.
|Sustainability Milestone||Target||Target Date|
|Sustainability Water Consumption||30% Reduction||July 2019|
|Reduce Energy Consumption||25% Reduction||July 2019|
|Senior Agriculture & Energy Consultant||Dr. John Troughton||July 2019|
|Reduce Chemical Use||20% Reduction||July 2019|
E. Market Research
Analysis has been undertaken of the trends in cassava price, volumes and markets over the last 5 years. In addition, investigations have included tracking the price of crops such as wheat, maize and soybeans which could impact the cassava market. Initiatives in Asia and Africa countries to enhance and grow the domestic and export markets have been analysed.
F. Job Opportunities Concept
- Agriculture is most familiar with rural people in Myanmar due to the plenty of rural places.
- Human power is necessary for every business, among them our agriculture business also need rural manpower and so it solves the problem of lack employment.
- The company only gives a chance to work on our farms for those people; but they will be profitable in job prospects; money; standards of living; education of their environment; technological experiences; a good vision with foreign market and even though their own better future lives.
- The company starts initially the foundation of our potential agricultural project with them together and upgrade them in knowledge, good experience and technology.
- If our project will develop, they and their families will also develop and then so our country will certainly change the level of development.
G. Environmental/Industrial Analysis
The analysis that has been conducted is the changes in the Myanmar Country, politically, environmentally and financially. The conclusion has been that there are large opportunities to develop a Cassava industry with the market being for export although there will be a large domestic market develop as well.
The key customers are the food processing companies and ethanol in China of which there are many.
We will constantly maintain contacts and address their needs appropriately to develop a good rapport with key customers, by visiting them often client to ensure all delivery are delivered satisfactory and to ensure all standards are met appropriately.
H. SWOT Analysis
Our Strengths & Weaknesses
|No.||Our Strengths||Our Weaknesses|
|1.||Product contract||Farmers not familiar with Cassava Processing facilities not available logistics|
|2.||High productivity growing conditions||Contractors not available|
|3.||Access to high technology||Access to financing for both farmers and the business|
|4.||Access to market||Fluctuations in international markets|
|5.||Access to land and farmers||Drying dependent on oil|
|6.||Knowledge of business||Skilled processing staff|
|7.||Company board||Access to the right Cassava varieties|
Opportunities & Threads
|1.||Local food markets||World price for product|
|2.||World food markets||Logistic facilities to service cassava industry|
|3.||Market for byproducts||Prices for competitive crops for farmers|
|4.||Ability to create new industry||Financing costs|
|5.||Find new energy source||Price of fuel for transport and drying|
|6.||High yielding cassava varieties||Plant diseases|