The 1-Acre Project; is an alternative investment venture dedicated to the African diaspora, envisioned to deepen the connections with its ancestry origin traditions, heritage, retirement engagements, and spur its community social – economic prosperity opportunities that exist in the commodity value chain.
The DCA scheme implementation is based on a minimum of an acre of land as the benchmark mode for a diaspora constituent member to open-up a 1 – Acre of Coffee. The 1 – Acre ownership and leadership is for and by the diaspora through the cooperative agreement under the Diaspora Farmers’ Cooperative Union (DFCU). DFCU is the investor, and responsible for audit of own investment for its members under the DCA framework.
Objective
To increase the social – economic prosperity opportunities and choice of retirement for the diaspora community. Leveraging the diaspora vigor to invest into the 1 – Acre Project, is for them to attain shareholding in the global retail wealth creation and leadership.
Diaspora Global Influence
The diaspora is a recognized key stakeholder not only in bilateral and global affairs but, also in migration development nexus (International Organization for Migration Report, 2013), global coffee value chain development inclusive. For Africa, it’s diaspora is scattered all over the world and, available statistics points to 35 million by 2017 (African Union, 2019). Diaspora contribution to their home countries is enormous and, most noted for remittances (African Union, 2019). In Uganda alone, diaspora remitted US$1.4 billion and US$1.1 billion in 2019 and 2020, respectively (IFAD Press Release: IFAD/26/2021).
Diaspora is credited for their unique insights in business networks to attract investments in Africa and elsewhere. The proposal by Africa Coffee Bureau to leverage the African diaspora community to invest in the 1 – Acre Project, is so invaluable, and their participation in the global coffee arena, is justifiable and indispensable.
wilt disease resistant varieties
Justification for 1-Acre Project
75 countries represent 94% of global coffee production and 64% of world consumption (International Coffee Organization: Coffee Development Report 2022 – 2023). 11 million hectares so far estimated as world’s farmland dedicated to coffee cultivation (National Coffee Association, 2011). The world coffee production share is estimated at 95.7 million and 73.5 million 60-kg bags of Arabica and Robusta respectively, (USDA-FAS Report June 2024: Coffee World Markets and Trade). In Africa, the agricultural sector remains significant, accounting for 23 per cent
of the continent’s GDP with food and agricultural exports averaging $35Bn – $40Bn annually (https://www.cabi.org/news-article/building-the-post-covid-19-resilience-for-africas-coffee-sector/) coffee inclusive. Embracing DCA, further increases on the continent’s GDP fraction expansion notwithstanding the individual diaspora investor social – economic opportunities growth. Besides, the 1 – Acre Project aims at expanding on Africa’s vast green lungs (carbon sink), natural capital for the continent’s global lead in environmental remediation and climate change adaptation.
Selected Global Coffee Boom Outlook
- For Kenya, in the harvest year 2021, coffee fetched $229M from just 36,163MT (586,050 60kg bags) of Arabica grades, (Kenya Bureau of Statistics Report, 2021).
- In the coffee year 2023/2024, Uganda put together 8 million 60kg bags of green bean, generating it US$1.25Bn (UCDA Report July 2024), in foreign exchange earnings.
- For United States, in the fiscal year 2022 alone, coffee contributed to her GDP an estimated $343.2Bn, with consumers spending nearly $110Bn on just the beverages (https://www.ncausa.org/Research-Trends/Economic-Impact), besides other forms of products.
- In the Pacific – Hawai’i, the total coffee production volumes, estimated at 19210 pounds of green, generated US$48.217M, (State of Hawaii Report June 2024: Coffee Acreage, Yield, Production, Price and Value).
- The United States retail estimated at $88Bn; segmented into $48Bn, 26Bn and $14Bn, roasting, coffeehouse retail and at-home brewing (SCA report 2018: US Coffee Market Overview), respectively.
Demand for coffee continues to grow with increases in innovation and consumption per capita. “Starbucks plan to open a coffee shop in China every 9hrs to reach 9000 locations across the country by 2025” according to Financial Times (https://www.ft.com/content/92b2faa0-f4c3-43fd-bbb3-46c60db5d51a), should elicit the “grow more coffee – drink more coffee campaign”.
Our Handling Services
- Highly specialized land geo-mapping and technical appraisals (soil health assessment and assorted physicals).
- Land open-up (ploughing and seasonal preparations) and irrigation system installation in some exceptions.
- 1 – Acre Project establishment; coffee planting, fertilizer regimes, routine maintenance and assorted services for six months before takeover by diaspora fulltime management
We are thrilled to share with you our vision for the African Diaspora at the same time, welcoming you to do business with us at the 1 – Acre Project.
Email: info@africacoffeebureau.us Tel: + 1 (202) 746 6160
