🌾EMA | EL MILAGRO AGRICOLA
The success behind the Agricultural Miracle: Inspirational stories of producers and workers.
DESCRIPTION
Creation of a national planting plan of 100,000 hectares (corn, sorghum, rice, cocoa, coffee, pineapple, and cocuy).
GUARANTEE
High productivity will be ensured through the use of cutting-edge technology, including satellite technology, state-of-the-art equipment and implements, and the innovative foliar nutrition nanotechnology.
In addition, the program will include specialized technical assistance and evaluation of commercial demonstration plots to ensure its success.
BENEFITS
The project aims to improve the productivity levels of the Venezuelan field in strategic crops such as corn, sorghum, rice, and soy, using high-performance seeds and innovative technological packages. Additionally, the application of granular fertilizers according to soil requirements and the use of hydro-soluble ionized fertilizers to meet the specific needs of crops in each region will be implemented.
The program seeks to contribute directly to the country's food sovereignty by establishing alliances with private and public companies, producer associations, and individuals. To guarantee successful cultivation, the availability of all necessary inputs will be ensured at the precise moment. In addition, specialized technical assistance and evaluation of commercial demonstration plots will be provided to guarantee the quality and yield of the crops.
PLANS TO BE DEVELOPED
A plan for the planting and multiplication of maize, sorghum, rice, cocoa, coffee, pineapple, and cocuy has been designed through strategic alliances that will improve agricultural production.
Furthermore, fruit trees such as pineapple are being grown using the Golden Hybrid MD2 variety, considered the sweetest in the world and in high demand internationally.
Additionally, the cultivation and commercialization of cocoa and coffee for export purposes are being implemented.
As for banana production, in vitro technology is being used for its planting, both for fresh consumption and for the agro-industry, with a view to exportation in the medium term.
A livestock fattening plan has also been established, using a Levante and Ceba type Feedlot model, which consists of providing feed in pens with a feeder, using agro-industry by-products and the addition of Sacharina, a mixture of sugar cane, urea, and mineral salts, with the aim of achieving a daily weight gain of 1.3 kg per animal. With these initiatives, the aim is to improve agricultural and livestock production and contribute to the country's food sovereignty.
GENERAL CONDITIONS | AGRICULTURAL FINANCING PLAN
The present General Conditions for Agricultural Financing were approved by the Executive Board in February 2022.
Application
These General Conditions for Agricultural Financing apply to all Agricultural Financing Framework Agreements. Furthermore, they will apply to any other agreement or arrangement only if expressly established in such agreement or arrangement.
Definitions within the Agricultural Financing Framework
Financing Qualification: The faculty that is held to approve or not, in accordance with its internal mechanisms and procedures, financing for the pre-selected producer.
Harvest: Set of fruits, generally of a crop, that are collected from the land upon reaching maturity.
Crop: The pending fruits established and harvested or separated from the soil (crop), from the planting or collection thereof, in the total quantity obtained from the harvested fruits.
Additional expenses incurred: Those expenses attributable to circumstances not foreseen in the costs not associated with the amount of financing: fruit collection (Harvest), transport to the stipulated site, and services of the harvested product.
Management of Processes: Consists of the superior power of supervision, inspection, verification, control, and audit that EMA | EL MILAGRO AGRICOLA has over the entire production process referred to in this contract, which allows it to coordinate, in a centralized manner, all technical administrative information derived from this Agreement until its completion as stipulated in this Agreement
Net income: Those earnings and equivalent amounts resulting from surpluses, once the amount financed as an absolute priority has been deducted.
Background.
In order to contribute to the development of sovereignty and food security in Venezuela from the private sector, and strengthen the country's comprehensive agricultural production system, we will adhere to the legal framework in terms of economic rights and free association. To achieve this objective, we will support the agricultural financing system, promote management policies for the sector, provide support to rural producers, and use technological tools to modernize and update their means of production and marketing. In this way, we will contribute to the national food production system and improve the quality of life of the Venezuelan population.
Purpose
The purpose of this agreement is to establish the conditions for granting financing and supplying agricultural inputs. In addition, an agreement is included to use a technological platform that offers different tools:
Marketplace: for electronic auctioning and commercializing raw materials.
Super Wallet: electronic wallet for operations and transactions with cryptocurrencies from any device.
Exchange: platform for exchanging cryptocurrencies, fiat currency and derivative instruments.
Blockchain: technology that allows traceability, origin labeling, smart contracts and big data.
Entrepreneurship HUB: physical space to offer technical and professional assistance in the incubation and acceleration of projects and startups, especially in EMA | THE AGRICULTURAL MIRACLE.
Tokenization: a process that allows the digital securitization of agricultural production and other assets to support and increase the value of the EXCHANGE Token.
Use of Terms.
For these General Conditions and any agreement, unless the context indicates otherwise, the use of the singular of a term also includes its plural form, and vice versa. Likewise, masculine gender pronouns are considered inclusive and apply to female gender persons unless the context indicates otherwise.
Obligations of the Parties.
Obligations of the Financing Plan beneficiary:
Attend to crops in a timely and appropriate manner to present the best agronomic practices in crop development.
Formalize the financing application before the agreement is signed and provide all the necessary, sufficient and reliable information about all the requirements demanded by EMA | THE AGRICULTURAL MIRACLE.
Provide all necessary cooperation and allow technical personnel visits to carry out the necessary inspection, monitoring and controls for the proper development of the crop object of this financing.
Immediately notify EMA | THE AGRICULTURAL MIRACLE in case of unforeseen events or accidents, without altering the conditions of the incident to guarantee adequate verification of the event.
Guarantee the conditions of the products or goods delivered under this contract and be solely responsible if the harvested crop is mixed or has residues of toxic materials, in unsuitable phytosanitary conditions. Likewise, the beneficiary will be responsible for damages to third parties or other circumstances produced by mishandling or poor conditioning of the harvested fruits.
Collect all the products resulting from the financed agricultural activity and send the harvested fruits to the reception center selected by EMA | THE AGRICULTURAL MIRACLE. Once these fruits are received to the satisfaction of EMA | THE AGRICULTURAL MIRACLE, their commercialization and settlement of accounts will proceed.
Receive, transport, store and safeguard all the supplied products, which are under their sole responsibility and risk
Ensuring the integrity of inputs and their exact application in terms of quality, quantity, and timeliness is the responsibility of the Financing Plan beneficiary, who will be solely responsible for any damage or harm caused to any party or third party or to the financed crop. If EMA | EL MILAGRO AGRICOLA agrees in writing to the use of other products different from those described in the associated proformas, the Financing Plan beneficiary must make the corresponding request, which will be responded to by EMA | EL MILAGRO AGRICOLA. In the event of an expansion of the planting surfaces or a modification of the planting location, the Financing Plan beneficiary must make the corresponding request to EMA | EL MILAGRO AGRICOLA in advance and in writing. In any case, the additional costs or expenses incurred by the Financing Plan beneficiary will be borne exclusively by them.
The inputs supplied in financing must be used in the suggested quantities and dosages, and all the technical and logistical recommendations of EMA | EL MILAGRO AGRICOLA must be followed to guarantee good agronomic practices and adaptation to the genetics of the seed to be used, as well as the fertilization mechanisms and methods.
Obligations of EMA | EL MILAGRO AGRICOLA
EMA | EL MILAGRO AGRICOLA undertakes to provide the necessary technological package for the establishment of the genetic hybrid maize crop identified in the proformas and as an integral part of the agreement in a timely manner. EMA | EL MILAGRO AGRICOLA will act as a financial figure and will be responsible for carrying out administrative procedures based on the requests of the State, including mobilization, transportation, and location guides for the reception of the harvested product.
In compliance with this agreement, EMA | EL MILAGRO AGRICOLA will unilaterally carry out legal processes and regulate administrative procedures. If necessary, it will have the discretion and option to:
Grant the financing qualification.
Inspect and/or carry out perceptual controls to make recommendations about the area and crop object of the financing.
Assign technical personnel and experts to establish the crop and establish harvest periods. All of this is intended to guarantee good development, finalization of financing, and guarantees in the distribution of net profits.
EMA | EL MILAGRO AGRICOLA may also carry out monitoring and inspection actions on the development of agronomic activities, both in the areas where the financed activity is carried out and in any other location related to it. These monitoring or inspection tasks may be carried out by EMA | EL MILAGRO AGRICOLA or by third parties designated by the organization. Any observation or non-conformity that EMA | EL MILAGRO AGRICOLA formulates as a result of perceptual controls or analyses will be communicated to the Financing Plan beneficiary for timely correction or conformity.
Regarding the amount:
The amount of the Agricultural Financing will be for the corresponding amount established in the global sum, according to the economic valuation table and/or Proforma(s) Invoice(s) corresponding to the agricultural inputs.
Payment of Financing:
The beneficiary of the "Financing Plan" must settle the entire amount agreed upon in this instrument with the net product conditioned to the market price, in bulk presentation, or its equivalent in value, attributable to the financing amount granted by EMA | EL MILAGRO AGRICOLA. The deadline for the settlement and payment of financing will be subject to the harvest and conditioning period of the product.
In the event that the beneficiary of the "Financing Plan" fails to sell or negotiate with third parties the net quantity of the harvested and conditioned crop, EMA | EL MILAGRO AGRICOLA and the beneficiary may separately agree on the terms and stipulations of an additional agreement, provided that the clauses established in the master agreement are respected. It is clear that once EMA | EL MILAGRO AGRICOLA receives the equivalent of the financing and the corresponding percentage (%) of the net profits, the final settlement will be promptly provided to the beneficiary of the "Financing Plan".
Regarding the responsibility of the beneficiary of the "Financing Plan"
The beneficiary assumes civil, commercial, and criminal responsibility for any action or omission that results in non-compliance with the legal norms established in this contract. In the event that the commission of an illegal act by the beneficiary is proven, EMA | EL MILAGRO AGRICOLA reserves the right to take legal action before the competent authorities.
VALIDITY
These TERMS and CONDITIONS are declared effective from the date of their publication (January 2023) on the website https://ccscex.com.
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