Credit Fund Project Letter for the Government of a State

Thursday, September 03, 2015
Attention: His Excellency, the Governor
Subject: US$25 Million per Year (US$125 million over 5 years), 0% Interest Credit Fund
Proposal to Provide Liquid, 100% Organic Bio-Fertilizers to the Farmers to Phase
out Chemical Agriculture from Your State
Dear Sirs,
Good day to you! I hope that you are well.
The purpose of the Credit Fund, which we are offering, is to help the government of your State to
phase out chemical agriculture completely over 3-5 years and also to free up resources, which will
assist the social and economic development of farming communities. The Credit Fund will enable
the farmers to replace chemical fertilizers with 100% organic bio-fertilizer supplies and
conveniently to pay after harvesting their crops. We produce two advanced bio-technology 100%
organic, liquid, microbial bio-fertilizers (Bio-Plant and Pro-Plant), which make this possible.
Their efficacy has already been demonstrated in many countries, including Ghana, Benin,
Malawi, Guinea, Sierra Leone, and Nigeria (Gombe State). The government of Sierra Leone has
agreed to the Credit Fund as the field tests there have been very successful.
• We will provide the bio-fertilizers to your State to the value of US$25 million each year
(US$125 million over 5 years) on 0% credit to achieve this. The amount can be increased.
• At the start of each year 30% of the annual amount would be paid in the form of a deposit
while the remaining 70% would be paid after 12 months through a Standby Letter of Credit.
• We will guarantee the same price for the duration of the contract, which can be for 5 years.
• The government will be able to use the money it would normally use for fertilizer subsidies to
develop infrastructure and farming communities instead. For example, to build roads to
farming areas; develop water and electricity infrastructure; to build crop storage warehouses;
to provide youth and community development programmes; and to implement agribusiness
projects, which will make agriculture an enticing enterprise for youth.
Price
Each container of the liquid bio-fertilizers holds 12,200 litres in 610 boxes of 20 one-litre bottles
@ US$16 per litre CIF, and costs US$195,200. To put this into some proportion, 1 litre of Bio-
Plant prepares the soil for 1 hectare when mixed with 5 MT of organic matter.
Payment
A. US$15 million per year: Credit 10 months per year.
B. US$20-US$100 million per year: Credit 12 months per year.
• Goods shipped in partial shipments with an L/C at Sight for 30% of the total annual payment.
The 30% payment would be made on receiving the Bill of Lading.
• There would be another L/C to guarantee that the remaining 70% would be paid at the end of
the credit period.
The Approach
• The bio-fertilizers enable chemical farmers to change to bio-chemical farming and thereby
1
Artemis & Angel Co. Ltd.
99/296 President Park, Sukhumvit 24, Klongtoey,
Bangkok 10110, Thailand
Tel.: (President) +66-86-329-6038; (Sales): +66-82-727-9273 Fax: +66-2-661-1752
E-mail: (Sales) artemisandangelcoltd@gmail.com Website: www.artemisthai.com

halve immediately in Year 1 the amount of chemical fertilizer they use, and still increase their
production while reducing their costs significantly.
• They can phase out the remaining 50% of their chemical fertilizer in Years 2 and 3 until they
will be farming 100% organically with higher yields and lower costs than at present.
The Main Benefits
The bio-fertilizers will enable the government of your State:
1. To eradicate chemical fertilizers and sprays over 3-5 years. The momentum towards 100%
organic farming can thus be increased in line with global agriculture demand.
2. To increase agricultural production beyond what chemical farming can achieve, and for a
much lower cost. The government of Vietnam promotes them for these reasons, particularly
to increase rice and 100% organic rubber production.
3. To reduce agricultural production costs. In bio-chemical farming costs drop by about 40%. In
100% organic farming the cost savings compared to chemicals are very high.
4. To restore the soil’s fertility. The soil can be cleaned of chemicals within 3-5 years and
changed to a crumbly state rich in micro-organisms and beneficial insect life.
5. To ensure that the State’s food exports will not be rejected because of chemical content.
6. To reduce poverty as farmers will earn more from higher crop yields and quality.
7. To free up funds usually spent on subsidizing fertilizer, to implement rural infrastructure,
agribusiness, youth training, warehouse, farming, and women development projects.
8. To protect water sources from chemical agriculture contamination.
9. To increase the quality of crops generally. For example, fruit and vegetables become sweeter,
crispier, and keep longer; grains have an improved taste; flowers are larger, fresher-looking,
and have a stronger scent; etc. The bio-fertilizers are effective with all crops and trees.
10. To help ensure the State’s long-term food security. Chemical agriculture cannot because of
its harmful effects on the soil and environment.
Technical Support
We will train government personnel and farmers how to use the bio-fertilizers to increase
productivity; to make the soil more fertile and rich in microbial life; to increase the immunity of
crops so they resist disease without the use of chemical sprays; and how to increase the crop yield
and lower production costs in both bio-chemical farming and 100% organic farming.
Introduction to Artemis & Angel Co. Ltd.
Artemis & Angel Co. Ltd. is located in Bangkok and was founded in 1986 by the company
President, Somkiet Panjanapongchai. Aside from Bio-Plant and Pro-Plant, the company produces
a complete range of bio-technology products for prawn and fish farms; a liquid pro-biotic product
to increase the rate of growth and health of animals and poultry; and a microbial product which
treats very effectively municipal, sugar mill, and distillery waste water, and solid waste, and
which can also be used to turn rubbish into arable soil.
Further Information About the Bio-Fertilizers
A lot of information is provided at www.artemisthai.com.
Thank you very much for your time. We look forward to hearing from you.
My warmest regards,
Mr. Peter McAlpine
Marketing Manager
2

Credit Fund Project Letter for the Government of a State

More Related Content

What's hot

What's hot (15)

Similar to Credit Fund Project Letter for the Government of a State

Similar to Credit Fund Project Letter for the Government of a State (20)

Credit Fund Project Letter for the Government of a State