Businessmen dealing with farm products such as tea and wheat were among the top earners in 2022 after the products gained value.
According to the 2023 Economic Survey Report released on May 8, 2023, the Kenya National Bureau of Statistics (KNBS) detailed that the value of tea grew by 25.3 per cent.
In 2022, 100 kilogrammes of tea earned farmers Ksh29,384 in comparison to Ksh23,444 in 2021.
On the other hand, the same quantity of wheat grew from Ksh4,297 to Ksh5,971.
"The price per 100 kilogrammes of sisal rose by 16.8 per cent to Ksh20,296 in 2022 as the price of milk per 100 litres rose by 12.4 per cent to Ksh 4,720.43 in 2022," read the report in part.
Sugarcane dealers also made a profit in 2022 after a tonne was averaged at Ksh4,519.
Maize farmers also reaped big in 2022 with 100 kilogrammes earning farmers Ksh3,938 - a rise from 2021's price of Ksh3,002.
Another farm produce that proved profitable was seed cotton whose value rose by Ksh600 per 100 kilogrammes.
In terms of meat and poultry products, beef proved to be more profitable with its value rising by Ksh2,000.
According to the report, 100 kilogrammes of beef in 2022 retailed at Ksh46,522 as compared to Ksh44,839 in 2021.
KNBS documented that the value of pork also increased by Ksh1,400. 100 litres of milk, on the other hand, increased by Ksh500.
However, a number of farmers in various sectors also made losses after their farm produce lost value. The most affected farmers were coffee growers.
"The price of coffee declined by 25.8 per cent from Ksh65,864 per 100 kilogrammes in 2021 to Ksh48,871 per 100 kilogrammes in 2022.
"This was partly attributed to low demand for coffee in the international market where fewer buyers were involved in the virtual coffee auction," read the report in part.
