Thread by @Samsonprolific

AGRIBUSINESS WITH N50,000

I think the most asked question I get from those who have developed interest in Agriculture is - how much do I need to start?

How is too little to be profitable

What I think works is...
#ZeroHunger #foodsecurity #FarmLab2020

#AgribusinessWith50k

1. When you have little money to invest in agriculture, ask yourself - do you want to be involved in the business or want to invest in other people's venture.

Ans. I will focus on those who want to be involved
#ZeroHunger #foodsecurity #FarmLab2020

#AgribusinessWith50k

2. Next, imagine if you had enough money, what would you really do in agriculture?

Production
Processing
Input supply
Branding
Transportation

I realized most people would love to process

#ZeroHunger #foodsecurity #FarmLab2020

#AgribusinessWith50k

3. So with your N50,000 budget, you should not start with owning a farm, why?
This is probably a savings/loan
D risk is high since it isn't precision
The money is in the processing and logistics
You cant afford to sink money
You need to live before harvest

#AgribusinessWith50k

4. How to work your N50,000:
Get a market and pick either options:

A. use your N50,000 to buy from local farmers and supply to cities
B. Buy raw materials, process and sell

You can do backwards integration of owning farms over time

#AgribusinessWith50k

What ever aspect you decide to start from remember:

1. Give yourself time: the fertility of the couple doesn't mean they will give birth on the day of inception

2. Network with those going where you are going

3. Thirst after knowledge

#AgribusinessWith50k #FarmLab2020