There are three ways to invest in Agriculture in Nigeria, and they are as follows:
- Investing in the farms of other farmers.
- Owning an Agro-based establishment, like a farm.
- Export Agro-based products.
What are the top 10 agricultural investment platforms in Nigeria?
The top-performing agricultural investment platforms in Nigeria are: 1 Agro partnership 2 Farmcrowdy 3 Agrorite 4 Agro-park 5 Pay farmer 6 Farmbuddy 7 Agrilet 8 Bazuze 9 Crowdyvest 10 Ezfarming More items…
Why is there a lot of emphasis on agriculture in Nigeria?
Also, before the discovery of oil, agriculture was the major source of the country’s income, and in recent times, the government aims to secure that market once more. Therefore, there has been a lot of emphasis on agriculture, urging entrepreneurs to dive right in.
Can you invest in agriculture without farming?
Therefore, there has been a lot of emphasis on agriculture, urging entrepreneurs to dive right in. This strategy has worked, leading to the emergence of agricultural investment platforms in Nigeria. Now, you can benefit from the market without farming directly.
What is the main source of income in Nigeria?
Nigeria is a country that is blessed with a lot of natural resources, as well as fertile land for agriculture. Also, before the discovery of oil, agriculture was the major source of the country’s income, and in recent times, the government aims to secure that market once more.
Where can I invest in agriculture in Nigeria?
The top-performing agricultural investment platforms in Nigeria are:Agro partnership.Farmcrowdy.Agrorite.Agro-park.Pay farmer.Farmbuddy.Agrilet.Bazuze.More items…
How can I invest in agriculture?
How To Invest In AgriculturePurchasing Farmland Directly. Perhaps the most obvious choice when considering purchasing farmland is to purchase it directly. … Real Estate Investment Trusts. … Purchase Stocks. … Mutual Funds & Exchange Traded Funds (ETFs) … Invest in Farm Debt.
Which agriculture is most profitable in Nigeria?
8 Most Lucrative Agricultural And Farming Business Ideas In…Cassava Farming. … Poultry Farming. … Rice Farming. … Snail Farming. … Catfish Farming. … Maize Farming. … Pig Farming. … Honey Bee Farming.
Is investing in agriculture a good investment?
The reasoning is simple: farmland is a good investment because it’s a limited resource (there’s only so much land in the US and the number of undeveloped acres keeps shrinking) and it’s in high-demand, given food production is so essential.
Which agriculture is most profitable?
Some Best Profitable Farming In India 2022Garlic Farming. The payoff on growing garlic can be enormous for those who prefer to grow “gourmet” garlic. … Lavender Farming. Lavender farming produces above-average gain for small growers, as it is such a varied crop. … Gourmet Mushrooms Farming. … Bamboo Farming. … Willows Farming.
Who owns the biggest farm in Nigeria?
NyakoNyako owns the largest mango farm in Nigeria, leading to his being popularly known as Baba Mai Mangoro (BMM). Exotic mangoes from his mango orchard of 50, 000 trees were first exported to Europe in 1993.
How do I start my own agricultural business?
How to start your own AgribusinessThe scope.Market Research.Creation of a Business Plan.Arrange funds.Understand the Laws and Regulations.Register your business and acquire licenses.Final Arrangements.
Which cash crop is the most profitable in Nigeria?
According to FAO, Nigeria is the leading African producer and consumer of rice. At the same time, the country is one of the largest rice importers in the world. The report also indicated that rice generated more income for farmers than any other cash crop in the country.
Which state is best in farming in Nigeria?
Top 3 States In Nigeria Best For Agriculture And Farming Related BusinessesCross River State – Rich in organic fruits and excellent for tourism, Cross River State supplies agriculture products to many other states in Nigeria.Delta State – 3rd largest contributing state to Nigeria’s GDP.More items…•
How can I invest in a small farm?
The closest that an investor can get to owning a farm without actually doing so is by investing in a farming-focused real estate investment trust (REIT). Some examples include Farmland Partners Inc. (FPI) and Gladstone Land Corporation (LAND). These REITs typically purchase farmland and then lease it to farmers.
Is buying farmland profitable?
Where the value of gold or stock markets can go down over 40% or 50% in a single year, farmland returns have been positive every year since 1990, the first year of the index.” And FarmTogether applauds farmland’s low volatility: “Farmland has low volatility as compared to most other asset classes.
How can I earn from agricultural land?
8:1612:55How to earn 1 lakh Per month from just 1 Acre of Agriculture Land?YouTubeStart of suggested clipEnd of suggested clipSystem aquaponics means growing plants and vegetables together and they provide nutrients for each.MoreSystem aquaponics means growing plants and vegetables together and they provide nutrients for each. Other if you grow veggies in a vertical. System then you can grow more food in a small. Area.
How can I earn from agricultural land?
8:1612:55How to earn 1 lakh Per month from just 1 Acre of Agriculture Land?YouTubeStart of suggested clipEnd of suggested clipSystem aquaponics means growing plants and vegetables together and they provide nutrients for each.MoreSystem aquaponics means growing plants and vegetables together and they provide nutrients for each. Other if you grow veggies in a vertical. System then you can grow more food in a small. Area.
Do farmers make a lot of money?
About 89 percent of U.S. farms are small, with gross cash farm income less than $350,000; the households operating these farms typically rely on off-farm sources for most of their household income. In contrast, the median household operating large-scale farms earned $402,780 in 2020, and most of that came from farming.
Is farmland a good investment 2022?
Farmland all across the United States has seen an increase in purchases, and that trend will continue in 2022 as more farms are put up for sale, inflation concern rises and alternative assets are in high demand.
Why should I invest in agriculture?
Experts say agriculture is a low-risk investment that keeps pace with inflation and increases in value over the long-term. They describe investment in agriculture as a tangible asset that provides benefit to the community, adding that it can diversify the investor’s portfolio.
How to invest in agriculture in Nigeria?
There are three ways to invest in Agriculture in Nigeria, and they are as follows: 1 Investing in the farms of other farmers. 2 Owning an Agro-based establishment, like a farm. 3 Export Agro-based products.
What is cash crop farming?
Cash crop farming refers to growing crops for the purpose of selling them for profit. The kind of crops grown in this kind of farming includes Maize, Yam, Cotton, Rubber, Cassava, Cocoa, etc.
How many tons of meat will be produced by 2050?
And this figure is projected to increase to about 1.3 million tons by 2050. Beyond the demand for meat, the demand for eggs, leather from animal hide, etc., is on the rise, as the population of the country increases. All of this goes to show that investment in livestock farming is guaranteed to bring in nice returns.
What is livestock farming?
Livestock farming simply refers to the rearing of farm animals like birds, goats, cattle, etc. to obtain their products such as eggs, milk, leather, and meat. Livestock farming has always been a lucrative investment that has made many wealthy over the years.
Do farmers care about harvesting?
Truth is, most farmers only concern themselves with how to produce and harvest. They hardly want to face the stress of having to take their products to the market to sell directly to consumers.
Is thrive agric profitable?
Following the ban placed on rice importation by the Muhammed Buhari Administration in 2019, the supply of rice reduced drastically, while the demand continues to increase. This has made rice farming very profitable. Thrive Agric offers investors the opportunity to invest in Rice farms and or Poultry farms.
Is Crowdyvest a safe investment?
Beyond agriculture, it also provides investment opportunities for other types of projects. Crowdyvest offers farm investment opportunities that are safe and have guaranteed returns.
How to Invest in Agriculture in Nigeria
Are you thinking of investing in agriculture in Nigeria and are not sure how to? This article will provide you with information that will guide you on how to make wise decisions regarding investments in Agriculture in Nigeria.
How to know the right digital platform to invest in
Be sure to know if the crowdfund or their parent company is registered with the Corporate Affairs Commission: You must avoid doing business with any company that is not registered. You can do verify by visiting the Corporate Affairs Commission website.
What type of crowdfunding to invest your money in
Investment in crop production is risky but rewarding. Different crowd funds offer differing terms and conditions. If you find an agricultural investment platform that can assure you of your capital no matter the farming outcome, do embrace them.
What is the most popular farming in Nigeria?
In Nigeria, grazing lands are abundant and there are also in-land rivers, lakes for fishery. You can go into animal breeding if you are not interested in growing crops. Poultry farming is quite popular.
Why is Nigeria the biggest agriculture state in Africa?
Nigeria seems to have all she needs to become Africa’s biggest agriculture production state because she is blessed with large tracts of arable land, good weather, and climate. Sadly, the agricultural sector in Nigeria did not receive as much attention as it was worth. The sector used to be largely dominated by subsistence farming …
What is the processing of cash crops?
You can also be involved in the processing of cash crops such as cocoa to produce other products such as: Cocoa butter – Cocoa butter is used to make chocolate. It is also widely used in cosmetic products such as moisturizing creams and soaps.
What is Nigeria’s need for modern technology?
Nigeria needs more modern technology, supplies, and machinery such as having a national tractor dealership. You can look into the importation of these machines. These include: fertilizer, agrochemicals, tractors, cassava, grating machine, peeling, tractor, Bulldozers, Plough, Harrow, Cultivators, Ridgers, Farmyard manure spreader, Planter, Sprayer
What are the crops that are stored in silos?
Cereals such as Maize, rice, sorghum, corn, millet, wheat that are stored using a grain auger to put them into the silos. Root crops such as Cassava, yam, ginger, potato, cocoyam. Legumes such as Soya beans, groundnuts, cowpeas. Fruits such as Mango, banana, oranges, guava, papaw, pineapple.
What is the staple food of Nigeria?
Nigerian’s staple food is rice and cassava. These crops are in huge demand in the country, and with them, you cannot go wrong as long as you do all other things right. You do not have to worry about the markets. Root crops such as Yam are also in demand in every part of the country. You can also do plantain.
Why is food processing important in Nigeria?
In Nigeria, where there are other issues such as poor electricity supply, it is very important that foods are processed, to avoid wastage . This sector is widely untapped and will yield great returns if done right. Food processing simply involves the processing of clean and harvested crops into marketable food products.
What is an agricultural investment platform?
This agricultural investment platform gives the option of sponsoring farms or investing in commodities trading. It is a simple but secure platform that offers viable agri business opportunities that you can do from your home.
Where is the farm funded concentration?
Farm funded concentration is rice farming, milling and processing. Their rice farm is located in Nasarawa State. You have the option of choosing to fund either a farm project, processing or an integrated project.
What is smart farm?
Smart Farm promises 25% return on investment, with no hidden charges and claims to be endorsed by top agric focussed organisations in Africa. In just 3 easy steps you start investing and earning high returns. Projects in which investors can put money in include: maize farm, melon farm, cassava farm and sesame farm, most of which are located in Oyo State.
What is a porkvest?
Porkvest is a pltaform of Jadek Agro Connect, a commercial pig farming enterprise based in Lagos. The platform provides opportunity to investors around the world to become part of their commercial pig farming enterprise by sponsoring a project and earning high ROI of between 20 – 30% within a farming cycle depending on a chosen plan.
What is Ez Farming?
Ez Farming is an agricultural focused crowdfunding platform that uses technology to connect investors globally with local commercial farmers. The platform accelerates farming by providing African farmers access to finance and market.
How does Farm4Me work?
Using the farm4me platform, a prospective investor selects a project of interest, signs an agreement, makes payment and the farm4me farmers will get to work for the investor in line with the contract. They will cultivate, plant, harvest and sell the produce on behalf of the investor.
Do insurance companies cover agricultural farms?
Yes, all these agricultural investment platforms partner with insurance companies to provide cover. And this should provide some comfort. However agricultural insurance policies provide cover for the farms and the assets therein: livestock, crops, etc.
What is farming investment?
Much like any other investments, farming investments refer to putting in finances into the agricultural sector to finance operations and activities and receive returns from the yield of these activities.
What are the different types of farming?
What types of farming can one invest in? 1 Snail farming 2 Pig farming 3 Poultry
Can you invest land into another farm?
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.
What was the main source of income in the country before oil?
Also, before the discovery of oil, agriculture was the major source of the country’s income, and in recent times, the government aims to secure that market once more. Therefore, there has been a lot of emphasis on agriculture, urging entrepreneurs to dive right in. This strategy has worked, leading to the emergence of agricultural investment …
Is agriculture profitable?
The agricultural sector remains one of the most profitable to invest in. Also, many of these platforms investments are insured, therefore drastically lowering the risk of a loss on capital. Furthermore, they also offer relatively higher returns on investment compared to other industries in the country.
What is AFSIC investment?
AFSIC – Investing in Africa has become one of Africa’s most important investment events. It is a major conduit of investment into Africa and is an ideal place to meet business and investment opportunities from countries like Nigeria, and elsewhere in Africa. The event contains sessions focused on different business sectors in Africa, as well as Country Summits focused on promoting the most attractive investment opportunities in countries from across Africa like Nigeria. Please subscribe to get updates.
Is farming a major sector in Africa?
Agriculture and farming are major sectors across Africa, with huge numbers employed either informally or formally in the sector. Low labour costs, often favourable climactic conditions mean that investing in Nigeria farming opportunities can be rewarding. If you are looking to invest into Nigeria please add yourself to our list of prospective investors so that we can update you on matched business and investment opportunities in Nigeria’s farming and agriculture sector. Tell us a little about your investment parameters, for instance which agricultural commodities you produce or are involved in e.g. cattle, wheat, dairy, cocoa, palm oil, vegetables etc, and whether you will invest into early stage or only producing farming assets.
How to Invest in Agriculture in Nigeria?
Factors Affecting Success in Agribusiness
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If you plan to invest your money into agriculture, some factors should be taken into account when you are going to invest in farming.
Advantages of Investments in Agriculture
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Now, when you know what types of agriculture you can invest as a businessperson and what factors to take into account, let’s consider the advantages of the investment in agriculture in the country. Entrepreneurs who decide to invest money in agriculture in Nigeria have several advantages: 1. The farming products rarely fall in price. Of course, you can see seasonal fluctuat…