Fakoyejo Olalekan
Do you want to diversify your investment portfolio, increase your passive income or reduce your exposure to traditional assets like stock, bonds, and gold, then investment in farming should be your next stop.
Nigeria’s inability to reach self-sufficiency in food production is what makes farming business worth your investment. The gap between demand and supply creates an investment opportunity for you to tap into.
Join our WhatsApp ChannelBefore you wonder about the cost or stress of acquiring arable land, buying seeds, growing the crops, securing the farm, hiring a manager, and the headache of distribution or sourcing for off-takers amid rising insecurity, know that technology has eliminated all these.
While these processes still exist in the value chain of the farming business, in the age of technology, they have become another person’s headache, not yours. As a result, all you need is to invest, sit back, and watch your investment grow.
The question now is, where do you invest, how do you invest and what is the return on investment that farming business offers?
You can now invest in farm business without leaving the comfort of your home by downloading the following agric investment apps on Google Playstore or App Store.
Four Ways To Earn Money From Farm Business Without Owning Land
- Thriv Agric
Thriv Agric is one of many agric investments leveraging technology to unlock investment opportunities for persons interested in investing in farm business.
Founded by Uka Eje and Ayodeji Arikawe, the company has invested in over 400,000 cultivated hectares, produced and traded more than 800,000 grains, as well as poultry farms.
Like every other agric investment platform, return on investment on Thriv Agric offerings is dependent on the duration and the capital invested, which could start from N10,000 to N85,000.
The investment circle falls between three to nine months, with ROI of 12 per cent to 20 per cent. The company partners with the Central Bank of Nigeria (CBN), USAID, the World Food Programme and many more.
- Farmcrowdy
Farmcrowdy, the first agric digital platform in Nigeria, was founded by five Nigerians, Ifeanyi Anazodo, Jimoh Maiyegun, Akindele Phillips, Onyeka Akumah, as well as Tope Omotolani.
It has become a household name in the farming business, enabling individuals to invest in rice, maize, poultry, cassava, tomatoes, soybeans and other farm produce of over 2.5 million tonnes of commodities.
With about N20,000 to N60,000 per unit, interested investors can access Farmcrowdy’s farm produce, which offers 7 per cent to about 44 per cent per cent returns for farm circles between three to 24 months.
- Groupfarma
Groupfarma also offers high returns when you sponsor farms located in Ogun, Oyo, and Kaduna states through your investment which could start from at least N50,000.
Niyi Oguntade created Groupfarma to manage poultry and rice farms, as well as tubers, vegetables, amongst others, with a 20 per cent and 28 per cent return on investment.
The investment circle of Groupfarma, which partners with the Nigerian Agricultural Insurance Corporation, also varies, depending on your interest and pocket, but it is above 6 months.
“With our large network of off-takers, sales are made and your expected returns are sent to your desired bank account,” Groupfarma said on their web statement.
- Requid
Requid has one of the lowest investment capital, between N5,000 and more to access about 60 per cent cumulative return on investments yearly.
Requid is the brain child of Felix Imafidon that invests your capital into rice, poultry, goat, catfish, pig, yam, cashew nuts, cowper, and beetroot for a circle period between three to 12 months.
The company allows you to invest and liquidate or cash out anytime but will charge a minimal fee of 3 per cent. Requid partners with United Capital Trustees to secure investors’ money.
The company won the maiden edition of the Nigerian Stock Exchange X-Kathon competition.
Side note: It is vital to know that farm business is also exposed to risk such as natural disaster like flood that could destroy crops. This means these agric investment platforms are also volatile, so confirm directly from the firms what their insurance covers.
