About PNG Agriculture Company
Agriculture in Paradise
PNG Agriculture Company (PNGAC) commenced operations in 2019 in East New Britain Province, Papua New Guinea (PNG). The region is naturally beautiful, with volcanic soils that enable an abundance of crops to thrive.
The culture of Papua New Guinea is many-sided and complex. It is estimated that more than 7000 different cultural groups exist in Papua New Guinea, and most groups have their own language. Because of this diversity, in which they take pride, many different styles of cultural expression have emerged; each group has created its own expressive forms in art, dance, weaponry, costumes, architecture and much more.
To unify the nation, the language Tok Pisin, as the medium through which diverse language groups are able to communicate with one another in Parliament, in the news media, and elsewhere.
PNGAC commenced with 250 farming families signed on as founding shareholders. The current number of shareholders is approaching 1,000 and growing.
Farming families are shareholders in the company they sell their product to and receive dividends as value is created and captures along the value chain. Significantly, the business can be scaled and replicated across geographies and commodities, including other sectors such as tourism.
Our Company
Quality Focus
PNGAC aims to play a major role in assisting PNG farmers meet current and future food market demands. It’s legal structure and business system moves farmers from subsistence gardeners to running a small-scale profitable business, increasing quality production and exports from PNG.
Each farming family is required to have a farm business plan which assists them to understand business concepts and their farms economic opportunity. The farm business plan outlines their production targets which are then aggregated by group and the overall business. Productions teams, which include a manager, casual labourers and lead farmers provide extension services and are incentivised to assist their farmers achieve their targets as well as produce consistently high-quality produce.
PNG is renowned around the world for producing beautifully flavored cocoa and coffee. International chocolatiers have visited PNGAC farm groups and were amazed at the unique In fact, one company was so impressed they ordered everything we had in stock.
PNGAC grades our cocoa and processes premium beans in commercial size production systems that enable consistent quality, smoke free beans. We have invested in research and development to continually find ways to improve quality standards and ensure our tasty products get to discerning customers.
Agriculture - Our Nations Backbone
PNG's long term vision statement known as Vision 2050 establishes the basis for transformation of the economy from one that is largely reliant upon extractive industries to one that is balanced by more sustainable renewable industries. Underpinning this transformation is a strategy to unlock the potential within communities across the nation in renewable industries such as agriculture, fisheries, forestry and eco-tourism.
PNGAC is proud to be contributing to this vision by providing opportunities for farming families to participate deeper in the agricultural value chain, receiving increasing benefits as the business becomes more profitable. PNGAC continues to work closely with the Government of PNG to deliver services and programs that enable a more equitable distribution of wealth throughout rural regions. We believe agriculture is indeed the nations backbone and farming families can be the drivers of development.
Youth and Farming Family Development
PNGAC is investing in the development of farmers, assisting them to transition from subsistence gardeners to running a small, profitable business. By professionalising farmers and introducing new ways of doing business, farmers will reap more benefit and youth will be attracted to the sector. It is estimated over 54% of the population are under 25 and we must find ways to attract them agriculture as entrepreneurs rather than labourers.
Farmers learn about farming as a business and how their farm is affected by events all over the world. They learn about the farm business cycle and how to assess opportunities, plan for their implementation, execute the plan and evaluate to improve profitability. Participants learn about the difference between the farm business and farm enterprises and how to track profit, income, costs and cash flow. They also learn to consider the risks their business face so they can better manage them.