What is Transparent Trade?
In order to prove our dedication to our farmers and our commitment to sustainability, we want you, the customer, to know everything there is to know about Z Beans Coffee.
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We are committed to providing not only sustainable solutions for our farmers, but a sustainable income for them, their families, and their communities.
Here at Z Beans, we practice truly fair, direct, and transparent trade. We pay all of our farmers directly at rates above the set Fairtrade International Prices for Coffee. Our farmers even send us their costs to produce one pound of coffee, so that we can offer assistance to them that will benefit not only their plantations but their individual small businesses as a whole.
The current fair price of coffee is set at $1.40/lb, fifteen cents higher than the average paid price of coffee per pound for those who aren’t part of the fair trade movement. The fair price for premium coffee adds twenty cents to the fair trade price to make $1.60/lb. If the coffee is organic, this price jumps a whopping ten cents more to be $1.70/lb. Coffee, then, that is both premium and organic is $1.90/lb.
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What most people don’t realize is that this fair price, albeit set by the Fair Trade International Standards Committee to meet researched standards of living, is not always split one way. Many farmers are a part of what is called a co-op. And in a co-op, farmers work together to pool the fruits of their labor to sell to buyers as a group. In these instances, the fair price does not change. However, that $1.40 per pound may now be split amongst fourteen different farmers bringing what each farmer takes home to his family to only ten cents per pound. To put this into perspective, a smaller co-op of five farmers selling 1,000 pounds of coffee in total at the set $1.40 per pound makes $1,400 total. Each farmer, then, only takes home a fifth of that, or $280.
At Z Beans, the lowest price a farmer receives per pound of coffee is $2.00. This is still 43% higher than the fair market price for coffee, 25% higher than the fair price for premium coffee, 18% higher than the fair price for organic coffee, and 5% higher than
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the fair price for premium organic coffee. On average, our farmers receive $2.30/lb, making our average prices anywhere from 21% to 64% higher than fair prices. And we pay them all individually, meaning our farmers never have to split that price with others. Moreover, our farmers do not set their own prices. Rather, we do—through our objective pricing scale, whereby Arturo, Marie, and Fabricio blindly grade samples of green coffee beans prior to our yearly purchase. Through this method, we are able to price the green coffees based on quality—ranging from $2.00 - $2.80 per pound. Through this process we not only set a fair price floor, but we reward the farmers objectively.
Our highest priced coffee, from Alfredo Ochoa, is $2.80/lb, making our price 147% to 200% higher than fair prices. On average, it costs our farmers in Ecuador $1.10 - $1.30 per pound to produce their coffees. With our average price paid of $2.30 per pound—our farmers with costs of $1.20 per pound, have a gross profit margin of 48%.
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Farmer
Milton Rivadeneira
Alfredo Ochoa
Ramiro Pauta
Diego Jaya
Jose Capa
Napoleon Elizalde
William Martillo
Beronica Benalcazar
Juan Carlos Acevedo
Roberto Rengel
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Price/Pound
$2.45
$2.80
$2.20-$2.60
$2.00-$2.30
$2.25
$2.25
$2.05-$2.15
$2.40
$2.30
$2.20