Invest In Agriculture Business – Agriculture has always been a sector characterized with a lucrative return and general progressiveness, provided it has all the requirements needed. With the right tools, it could quickly become the most significant contributor to income like it once was.
With all national efforts geared towards focusing more on agricultural exploits, it is not only the public sector that has kept its eye on the agricultural industry. More and more keep realizing the potential the sector possesses, from corporate entities to individuals of the general public.
If you’re looking for a viable option to Invest In Agriculture Business In Nigeria, then you should look no further. We have enlist those Agriculture investments in Nigeria you should consider taking a look at.
Two significant sectors contribute to the sustenance of the Nigerian Economy: Oil and Agriculture. The fluidity of the oil market makes it difficult to guarantee a fixed investment.
However, investment in Agriculture is quite bankable, and the reason for this is straight forward, No matter what, people will eat.
Do you want to invest in agriculture in Nigeria?,
Do you want to be sure of your investment in agriculture?,
Do you know how to invest in agriculture in Nigeria?,
Do you know the best platform to Invest In Agriculture Business In Nigeria?
If this is the reason why you are reading this information right now. I will take you through some essential things you need to know before you make that investment in Agriculture in Nigeria.
First of all, there are a lot of agriculture investment platforms in Nigeria. You may become confused choosing which is right.
Kindly go through the vast information we have here for you; Wishes!
How To Know A Legit Platform To Invest In Nigeria:
- Check to know if they or their parent company are registered with Corporate Affairs Commission.
- Check to know whether their farms are insured by an Insurance Company. Leadway Assurance Company is the most popular for agriculture insurance in Nigeria.
- Read about the Founder(s). Get to know everything about them.
- Verify their registered business address or office address. If you are nearby, visit their office.
- Insist on signing an agreement with them.
- Request for the valid Identity card of the Founder or one or two of the Directors.
- Read through the lines to know their terms and conditions or disclaimers.
- Read online reviews about the digital agriculture investment platforms.
- Ask questions about them on forums like Nairaland.
Best Agriculture Investments Tips In Nigeria:
- Investment in crop production is risky but rewarding. If you find an agricultural investment platform that can assure you of your capital no matter the farming outcome, embrace them.
- Buy farm produce during harvest and sell when the prices are high. This is more stable and rewarding that farming itself. It could have a down side if the market price crashes below how much you bought them. Always subscribe to daily prices platforms to keep pace with early warning signals.
- Consider selling directly to Off Takers instead of middle men. Platforms such as Viable X could connect you directly with Off Takers who buy your farm produce at good prices.
- If you have money, build warehouses. Agricultural real estates will be money spinners in the coming years.
- Invest in haulage services. Buy trucks or pick ups if you have the money. They will be in high demand soon. Let’s build the infrastructure that agribusiness services can thrive on. Kobo360 will help you to hire out your trucks.
- Buy improved seeds and supply smallholder farmers in exchange for bags of grains at harvest. Local farmers use old species that are almost dead, that is why they have low yield year after year.
- Buy tractors and other farm equipment and put them up for hire at Hello Tractor.
- Gather produce data from remote villages and sell them to agritech companies. Data is the newest gold.
Top 5 Farming Investments Company in Nigeria & their Product:
1. Farmcrowdy
This platform was the first to launch in Nigeria. As the name implies, this platform raises funds through a technique called “crowdfunding” for farmers.
The concept is quite straightforward; sometimes, a lack of capital may prevent some farmers in sowing in time for harvest. This platform raises funds for these farmers, with a return on investment is between 6% and 25%.
Products offered: The types of products available for investment on this platform are Maize, poultry farm, cassava, soybeans and rice.
2. ThriveAgric
This platform launched in 2016 with the sole purpose of crowdfunding investments for farmers. These investments materialise in market access and tech-driven advisory. Similar to Farmcrody, return on investment is between 6% and 25%.
Products offered: The types of products available for finance on this platform are Poultry farm, maize, groundnut, sorghum, cassava, cowpea, soybeans and rice.
3. Growsel
This platform connects farmers with global investors to ease poverty. This platform is different in the sense that farmers declare the investment needed, and investors provide a minimum of 10% of the capital until they raise the full amount. Return on investment is between 5% and 20%.
Products offered: The products available for finance on this platform are Ginger, maize, potato, tomato, cassava, soybeans and rice.
4. Efarms
Initially incorporated as FoodBank GrowMore LTD, this platform is determined to transform Sub-Saharan Africa into a major hub. A hub so vast that it feeds the world by serving as a link between investors and farmers. Return on this platform is between 15% – 35%.
Products offered: The products available for investment on this platform are Maize, poultry farm, cassava, pineapple farm, catfish farm, snail and soybeans.
5. Agrecourse
Agrecourse’s focus is to turn small farmers into commercial farmers. They do so by pulling investments from individuals and corporate bodies. The return on investment on this platform is between 15% – 40%.
Products offered: The products available for finance on this platform are Maize, poultry farm, catfish farm
List Of Agriculture Investment Platforms in Nigeria:
Looking through the return on investments on these platforms, it’s pretty clear high yields are a beaming trend. In addition, investing in Agriculture is a viable way to make some passive income while changing people’s lives.
The farmers get access to funds that enable them to access technology to help with efficiency, while the investor gains yields on investment. Here are the list of these platform!
- Farmcrowdy
- Thrive Agric
- Farm4Me
- Growsel
- Zenvus
- Verdant Agritech
- Releaf
- Xtralarge Farms
- FarmCafe
- FarmSponsor
- Ogleji
- Agrecourse
- Agrorite
- PocketFarm
- Agrodomain
- Chubi Agro
- Farmer Outlets
- PayFarmers
- FarmFunded
- PorkMoney.com
- Cloud Farm Funds
- Viable X
- FarmCenta
- EFarms.com.ng
- EZ-Farming
- Farmkart
- SmartFarm
- Farmkonnect
- Farmsquare
- Groupfarma
- Porkvest
- Nigeria Farmers Group
- EFarmers
- AgroXchange
- Farmally
- Kobo Farm
- Grow Crops Online
- Hello Tractor
- Afrimash
- AgricDemy
- Agropartnerships.co
- Novus Agro
- Agroyields
- ePoultry.NG
- AgroNigeria.NG
- My Farm Base Africa
- Crop2Cash
- AgroInfoTech
- Farm Partner
- Agritech Nigeria
- Rice Invest
- Green Eagles Agribiz
- Abadini
How To Invest In Agriculture Business In Nigeria:
Here is the step by step on how to invest in Agriculture business in Nigeria;
Step one
1. Get Capital
Capital is a term for financial assets, such as funds held in deposit accounts. While money is used to purchase goods and services for consumption, capital is more durable and is used to generate wealth through investment.
The four major types of capital include debt, equity, trading, and working capital.
Step two
2. Know how it work?
You could either be investing land or investing finances into another farmland. Whichever the case may be, agricultural processes such as planting of cash crops, animal rearing take place.
The farm proceeds are eventually sold, and the realisations serve as profits from the whole agricultural processes.
Running agricultural activities is both capital intensive and physically draining. Finances help In the purchase of technology, the hiring of personnel or items that speed up and make the activities yield more progress.
Step three
3. Choose Your Product
Almost every form of agriculture is a lucrative business when done on the right scale. Examples of these type include
- Snail farming
- Pig farming
- Poultry
Step four
4. Choose Agriculture Company To Invest:
Here is how to know the best Agriculture Company to Invest in Nigeria;
- Don’t be quick to embrace mouth watering offers. Don’t go for high Return on Investments or Low return on Investments. Moderate ROI is okay.
- Find out if they actually farm with your money or not.
- Visit the farm as often as you can. Don’t outsource your farm visit, go yourself. If you don’t have time to go see how your farm is doing, then you have no business investing in farms.
- Ask your farming community intelligent questions about your farm. You could find the truth.
- Contact the Insurance Company to find out if your farm has actually been insured.
- Request for your farm insurance documents.
- Don’t accept any other bank account that is not bearing the name of the website except if it is spelt out that the website is owned by that company on the website and other documents.
- Ask if they have Commodity Off Takers that can buy the farm produce directly from them.
