South African Farmers Can Access Input Cost Reduction through PrysWys

South African Farmers Can Access Input Cost Reduction through PrysWys

SwiftVEE, pioneers in the South African livestock trade industry, has launched PrysWys, an app intended to lower farmers’ input costs. PrysWys is a retail business that connects farmers with input manufacturers directly, cutting expenses by as much as 50% in some cases. It is available online, through the Apple App Store, Google Play Store, and Google Play Store.

SwiftVEE’s CEO, Russell Luck, stated that PrysWys was created to help farmers reduce their rising input costs in the current economic environment. “Following our success in the online livestock trading space, we have noticed that farmers pay high premiums for their inputs at brick-and-mortar retailers. We believe digital technology is the best way to solve this problem.”

Farmers can list the many products they need for their farming operation on PrysWys and get electronic pricing quotes. This app provides farmers with cost reduction opportunities, product accessibility, and price transparency.

PrysWys has established a global network of input producers who sell their goods through the platform at discounted costs. Farmers can take advantage of direct-to-consumer input prices by placing online orders through the app. Despite being in rural places, they obtain estimates from numerous vendors around South Africa. Bloemfontein, Johannesburg, Durban, Kimberley, Klerksdorp, East London, Pietermaritzburg, Pretoria, Springs, Cape Town, Vereeniging, Welkom, and Witbank are among the 13 geographic locations where PrysWys has 22 distribution outlets.

According to Luck, the average farmer who purchases inputs from retailers bears the expense of storefronts, storage facilities, employee salaries, and ineffective manual procedures. This can increase the input supply by 50% before the retailer even increases their margin.

Reducing Agric Input Cost

New farm equipment has the potential to be advantageous, but operating costs are unlikely to be reasonable given market prices. Moreover, supply chain problems have made it more challenging to obtain new farm equipment. For instance, the lack of a number of farm machinery has put pressure on agricultural producers. There are a number of things to take into account before investing in new equipment that show whether it will be cost-effective or not. Farmers frequently struggle with the decision of delaying equipment upgrades in expectation of future price declines or doing what is best for their finance sheet.

According to Luck, the introduction of PrysWys offers a much-needed remedy for the problem of farmers’ escalating input prices, which has been made worse by the global pandemic. He referred to PrysWys as revolutionizing agricultural technology.

It can boost farmers’ financial situation and competitiveness in the global market by lowering input prices. Additionally, it will give small-scale farmers a platform to get access to the same inputs as their bigger competitors.

Near the end of 2022, PrysWys began beta testing, and it now has more than 1,000 active users. It has made online sales of several million Rands since its January 2023 inception. It makes use of swiftVEE’s network’s approximately 100,000 established customers, who are commercial farmers. Also, it fits into swiftVEE’s larger plan to use technology to transform agriculture. SwiftVEE has won several awards for technological innovation from Google, Facebook, MEST, and the UN.