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RIMAIAgribusiness SchoolMy land

D-off-taker Dictionary

Off-taker

A buyer who agrees in advance to take a farmer's output

All termsIntroduced in Module 2Open the Toolkit
An open dictionary on a farm office desk
Plain meaning
A buyer who agrees in advance to take a farmer's output
How to use it
Name the off-taker in the venture plan with the price basis, volume and payment terms. Lenders treat a written offtake agreement as a form of security.
South African benchmark
South African processors and retailers act as off-takers under supply contracts.
Country notes
Applies the same way in all five markets.
Go and read
C2 Lesson 2.3, C1 Lesson 1.2
Calculate it
No calculator; the term is applied in the venture plan narrative.
Library sources
LIB-A019, LIB-A128
See also
Contract farming, Side-selling, Specification
Twelve-month cash flow showing money out before money in and the lowest cash pointTwelve months of cash: money out first, money in laterJFMAMJJASONDRed dot: the lowest cash point, the working capital you must fundMoney in (sales)Money out (inputs, labour, loan)Running cash balance
From Module 2, Money for the Farm, where this term is introduced.

Introduced in C2 Money for the Farm.