How to Invest in Agriculture in Nigeria

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Nigeria is blessed with land suitable for growing crops, which makes

agriculture an important sector of the economy. The agriculture sector

also has a high potential for profits. Although in Nigeria, the sector

has been largely dominated by subsistence farming. However, with the

introduction of modern technologies such as improved seedlings and

other modern farming methods, the agricultural sector has experienced

growth and is a good place to invest in.









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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.









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Investing in Agriculture is risky just like many other investments out

there. However, for a sector that has to do with living things;

plants, animals, etc., the agricultural sector has its own peculiar

risks. Investment in agriculture is a risk but it is highly lucrative.



However, in this day and time, investing in agriculture is not as

scary as it used to be. What with the crude nature of farming

prevalent some years ago, lack of information and data, etc., farming

used to hold lesser returns on investments than it does now.



Nowadays, there are a lot of digital agriculture investment platforms.

These digital platforms include agro-crowd funds. With crowd farming,

one entity owns the land, and the farmer who has the farming skills

continues to farm, and others invest in the production.







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Now, you can invest in agriculture from the comfort of your home.

These platforms allow you to be just as involved in farming. It is

important you are sure which Ago- crowdfund to invest in. So if

you’re thinking of investing in agro crowdfunds, here’s what you

should know about the digital agro crowdfunds in Nigeria:

Interest and knowledge: Firstly, before you engage in agriculture not

only as a farmer who is directly involved but more so as an investor,

you need to stock up on some knowledge about the area of agriculture

you want to invest in. It is even better to choose an area you are

interested in. This will help you be more involved in the business

which makes you more aware of the happenings in the sector.



The agriculture sector is open to private participation and investment

opportunities across various categorizations. Some of the areas which

crowdfund invest in includes:Mechanized crop production such as rice,

maize, millet, cassava, sugar cane, tomato, and cash crops such as

cocoa, palm kernel, rubber, etc.

Food processing and preservation.

Beef processing and packaging.

Fruit juice/canned fruits.

Beverages and confectionery.

Cash crop processing â€" cocoa, palm kernel, rubber, etc.

Exploitation of timber and wood processing activities to be driven to

the piers by highly recommended log trailers in order to export the

final products

Livestock cultivation â€" dairy and aquaculture (fisheries) development.



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.

Check to be sure whether the farms of the platform are insured by an

Insurance Company. It is important an agriculture investment platform

is insured in case of losses and especially because of the kind of

business this is. You can also request for your farm insurance

documents.

Read about the founder(s) of the company. Finding out tiny bits about

their backgrounds, qualifications, etc. can help you be more confident

about the investment plan.

Verify the business office address. If possible, pay them a visit.

Insist on signing an official agreement with them.

Read through the lines to understand their terms and conditions or

disclaimers. Do not assume things.

It is essential you read online reviews about the digital agriculture

investment platform you want to invest in. Ask questions about them.

Find out all you can about the potential market for the products the

crowd fund will be investing your money in before attaching your

investments

Find out about the presence of major competitors in your area.



How to know the best investment platforms







(adsbygoogle = window.adsbygoogle || []).push({});Don’t be quick to

embrace mouth-watering offers that are too good to be true. Don’t go

for high or crazy Return on Investments or Low return on Investments

either. ROI’s that are modest and fair is just fine.

Find out if they actually farm with your money or not.

Visit the farm as often as you can. Don’t underestimate the

importance of visiting the farm yourself.

Subscribe to platforms where you can keep pace with issues such as

prices, demands etc.

Ask questions to those involved in the farming business. You could

find the truth.

Do not accept any other bank account that is not bearing the name of

the company except if it is spelt out that the name on the account

owns the company you are involved in and other documents.

Ask if they have Commodity off-takers who will buy the farm produce

directly from them: It is always best if a farming company sells

directly to off-takers who buy the farm produce at good prices without

involving middlemen. This makes for higher profits and less risks.



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.

Invest in crowdfunds that buy farm produce during harvest and sell

when the prices are high. This is more rewarding and stable.



The Best Livestock to Farm:

If you are interested in Livestock farming in Nigeria, check out for

crowdfunds that invests in the following livestock that has high

market value:Chicken

Turkey

Catfish

Pig



Best Crops to Farm: If you are interested in investing in crop

produces. Below are crops often in high demand:

Food crops such as:Cassava

Yams

Rice

Millet

Maize

Beans and Soya beans

Sorghum



Nigerians use a lot of rice and cassava











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