Deal #4285 Version 66744 Version 66745
Intended size
19β€―090 ha
21β€―000 ha
Size under contract (leased or purchased area)
  • [2013, current] 1224.0 ha
  • [2013] 1224.0 ha
  • [2021, current] 21000.0 ha
Comment on land area
The project involves the acquisition of the assets of Foresythe Estates Limited, an existing 19,090 hectare. The farm has been in operation for over 100 years and exclusively breeds, rears, and sells live cattle.
The project involves the acquisition of the assets of Foresythe Estates Limited, an existing 19,090 hectare. The farm has been in operation for over 100 years and exclusively breeds, rears, and sells live cattle. Silverlands Ranching is comprised of two adjacent farms covering approximately 21,000 ha in the South-Western part of Zambia.
Intention of investment
  • [current] Livestock
  • [current] Food crops, Fodder, Livestock
Comment on intention of investment
Cattle, forage and pecan nuts
Negotiation status
  • [2013, current] Concluded (Contract signed)
  • [2014, current] Concluded (Contract signed)
Comment on contract farming
Silverlands distributed sorghum seed to 1,200 farmers (35% women) in October 2019 and provided technical training on sorghum production via field days and lead farmers. This was after Zambian Breweries approached Silverlands Ranching to facilitate smallholder production of sorghum. Silverlands invested in seed cleaning and weighing equipment, and now purchases sorghum from the farmers and delivers it to Zambian Breweries. Silverlands assumes responsibility for the quality of the product, removing this risk from the smallholder farmers. Without Silverlands these farmers would not have had access to this market, which allows them to diversify their cropping with the production of drought tolerant/climate smart crops.
Comment on investment chain
Silverstreet Capital has applied for a Multilateral Investment Guarantee Agency guarantee of $9.8 million for a period of up to 10 years against the risks of transfer restriction, expropriation, and war and civil disturbance
Silverstreet Capital has applied for a Multilateral Investment Guarantee Agency guarantee of $9.8 million for a period of up to 10 years against the risks of transfer restriction, expropriation, and war and civil disturbance. Silverlands partnered with the Musika at the start of the project. Musika provided donor support, advice on implementation, and assisted community surveys. Silverlands Ranching ran the day-to-day out-grower programme. To further expand on the achievements of the project, AgDevCo provided $320k in donor funding through their Smallholder Development Unit for use over three years (2018 to 2021).
Materialized benefits for local communities
Productive infrastructure (e.g. irrigation, tractors, machinery...), Capacity building
Comment on materialized benefits for local communities
12,100 smallholder livestock and cropping farmers benefit and their annual incomes have increased by $224 per person each year since before the project. This year’s value-add to communities is over $2.7 million per annum. Over 35,000 cattle owned by smallholder farmers can now access 35 SLIC dipping stations. Community cattle mortality rates are down from 10% per annum to 2.3%. Calving rates are up 19%. This community dipping program continued to grow at a 25% rate in 2020 during the pandemic and despite the tough economic conditions in Zambia. The SLIC team has established 18 demonstration plots throughout the surrounding communities. Silverlands Ranching trains smallholder grain farmers in conservation agriculture and drought resistant crops with assistance from NGO Conservation Farming Unit, AgDevCo and an independent consultant. 62 field days including over 1,700 farmers have been hosted at 18 demonstration plots in community areas in the last year.
Crops area/yield/export
  • Food crops (unspecified) [current]
Comment on crops
pastures and silage production, first stage of planting pecans: 70 ha of pecan orchards in 2019. The additional 60 ha planted in 2020
Comment on livestock
feedlot serving 6000 cattle p.a.
Source of water extraction
Surface water
Comment on how much water is extracted
To mitigate against climate risk and enable expansion, the business constructed a 14 million cubic metre capacity dam in 2014.
Use of irrigation infrastructure
Yes
Comment on use of irrigation infrastructure
502 ha of pivot irrigation
Comment on gender-related info
Over 70 female small-scale farmers are benefiting from the construction of the first ever goat and sheep dip station by Silverlands Ranching in Zimba district, resulting in the significant reduction in goat mortality rates.
Fully updated
No
Yes

Location #BFmZ6a0k

Spatial accuracy level
Administrative region
Exact location
Point
Lat: -17.31667
Lng: 26.2
Lat: -17.31046
Lng: 26.2865

Data source #VRNZXwrd

Comment on data source
March 2012
March 2012. No details available on what report this might have been.

Data source #n2vMglTd

Comment on data source
Multilateral Investment guarantee Agency website
Multilateral Investment guarantee Agency website. URL does not have any contents on Silverstreet.

Data source #5aXb32-a

Comment on data source
Annual report 2017
Annual report 2017. URL for general investor website.

Data source #-OEq60tB

Type
Company sources
Url
Keep PDF not public
No
Publication title
2020 Annual Impact and ESG Report The Silverlands Funds
Date
2020
Comment on data source
File too large to upload