Dfcu Bank has called on farmers and agribusiness players to rethink how they operate, urging them to embrace innovation and sustainability as essential drivers of growth in Uganda’s agricultural sector.
Speaking during an agribusiness engagement, the bank highlighted agriculture as a backbone of the economy, supporting millions of livelihoods while contributing significantly to exports and food security. However, dfcu noted that the sector continues to face mounting challenges, including climate change, fluctuating markets and rising input costs.
According to the bank, adopting innovative approaches is key to overcoming these pressures. Farmers were encouraged to invest in improved production methods, climate-smart technologies, value addition and digital tools that can improve efficiency and profitability. Dfcu stressed that treating farming as a business, rather than a subsistence activity, is critical for long term success.
Sustainability featured prominently in the bank’s message, with emphasis placed on responsible land use, soil conservation and water management. Dfcu explained that sustainable farming practices not only protect the environment but also enhance productivity and make agribusinesses more attractive to financiers and formal markets.
The bank also reaffirmed its support for the sector through tailored financial products, advisory services and partnerships designed to strengthen different agricultural value chains. These interventions, dfcu said are aimed at enabling farmers to invest in production, post harvest handling and agro processing while reducing risks associated with farming.
Collaboration was identified as another important factor in agribusiness growth. Dfcu encouraged farmers to work through cooperatives and organized groups noting that collective action improves access to markets, financing and shared knowledge.