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17 June 2020 | Story Andre Damons | Photo Supplied
Food parcels
Annelize Visagie (Food Environment Office, with the black mask), Belinda Janeke (Career Services) and Angelo Mockie (Art, Culture and Dialogue Office) from the Division Student Affairs (DSA) busy preparing food parcels in the storeroom at the Thakaneng Bridge
Between 40 and 50 students from the University of the Free State (UFS) in Bloemfontein receive daily food parcels during the lockdown, thanks to the cooperation between the Food Environment Office at the UFS, Tiger Brands, and the Total Garage in Brandwag.

Annelize Visagie from the Division of Student Affairs (DSA), who is heading the Food Environment Office at the UFS, says just before the national lockdown started in March, they signed a Memorandum of Understanding (MOU) with Tiger Brands to sponsor 500 food parcels to students who do not have bursaries. This is part of the UFS strategic goal of improving student success and wellbeing. UFS staff is working hard to implement initiatives and obtain sponsorships – such as this one with Tiger Brands – as well as food donations to ensure that students do not go hungry.

“Then the lockdown happened. However, the project continued, with Tiger Brands still sponsoring food parcels. Students email me and I respond to those emails. We are also looking at including students from the South Campus in the project.”

“I deliver the food parcels to the Total Garage across from the campus, where students collect it. We give between 40 and 50 parcels every day and have helped 650 students thus far. These parcels cost Tiger Brands R80 000 a month. We also provide students with vegetables from vegetable tunnels on campus,” says Visagie.

Visagie says the cooperation between the outside companies, the UFS, and even staff and students who volunteer, is heart-warming to see especially during this time of crisis. So is the gratitude from the students. They are also in discussions with the humanitarian organisation Gift of the Givers to provide 200 food parcels to needy students from next month.

“We have a supply chain going on in the storeroom at the Thakaneng Bridge. It is great to see how staff members and students jumped in to help us pack the parcels. We have permits and more students want to help, but they can’t get onto campus at this time. We would not be able to do this without the help of Tiger Brands and the Total Garage.”  

The DSA Food Environment Office is also collaborating with senior management on the UFS Qwaqwa and South campuses to distribute food parcels on these two campuses.

News Archive

Producers to save thousands with routine marketing strategies, says UFS researcher
2014-09-01

 

Photo: en.wikipedia.org

Using derivative markets as a marketing strategy can be complicated for farmers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvest; whilst the high market risks require innovative strategies including the use of futures and options as traded on the South African Futures Exchange (SAFEX).

Using these innovative strategies are mostly due to a lack of interest and knowledge of the market. The purpose of the research conducted by Dr Dirk Strydom and Manfred Venter from the Department of Agricultural Economics at the University of the Free State (UFS) is to examine whether the adoption of a basic routine strategy is better than adopting no strategy at all.

The research illustrates that by using a Stochastic Efficiency with Respect to a Function (SERF) and Cumulative Distribution Function (CDF) that the use of five basic routine marketing strategies can be more rewarding. These basic strategies are:
• Put (plant time)
• Twelve-segment pricing
• Three-segment pricing
• Put (pollination)(Critical Moment in production/marketing process), and
• Pricing during pollination phase.

These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. Farmers can save as much as R1.6 million per year on a 2000ha farm with an average yield.

The results obtained from the research illustrate that each strategy is different for each crop. Very important is that the hedging strategies are better than no hedging strategy at all.

This research can also be applicable to the procurement side of the supply chain.

Maize milling firms use complex procurement strategies to procure their raw materials, or sometimes no strategy at all. In this research, basic routine price hedging strategies were analysed as part of the procurement of white maize over a ten-year period ranging from 2002–2012. Part of the pricing strategies used to procure white maize over the period of ten years were a call and min/max strategy. These strategies were compared to the baseline spot market. The data was obtained from the Johannesburg Stock Exchange’s Agricultural Products Division better known as SAFEX.

The results obtained from the research prove that by using basic routine price-hedging strategies to procure white maize, it is more beneficial to do so than by procuring from the spot market (a difference of more than R100 mil).

Thus, it can be concluded that it is not always necessary to use a complex method of sourcing white maize through SAFEX, to be efficient. By implementing a basic routine price hedging strategy year on year it can be better than procuring from the spot market.

Understanding the Maize Maze by Dr Dirk Strydom and Manfred Venter (pdf) - The Dairy Mail


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