Agriculture (note that I didn’t say farming) is a good business.
There are so many parts of the agrifood value chain.
Yes, people are making millions. But, many are making losses.
It depends on where and how you are playing out your strategy.
There are so many parts of the agrifood value chain.
Yes, people are making millions. But, many are making losses.
It depends on where and how you are playing out your strategy.
I don’t believe that Nigeria is underproducing - especially for most of our food products (crops and livestock’s).
For me, the challenge is from the harvesting stage and from the farmgate.
For me, the challenge is from the harvesting stage and from the farmgate.
I won’t invest a $1 in any Nigerian business in the pre-harvest stage of the value chain (as of today). That’s me - as of today.
For those that have sent their investments decks to me for businesses in that part of the value chain, the answer has been an emphatic NO.
For those that have sent their investments decks to me for businesses in that part of the value chain, the answer has been an emphatic NO.
Based on the Nigerian environment, it is also very challenging to scale those businesses and achieve an IMPROVED incremental margins.
I am not saying it’s impossible, I am only saying that it could be more challenging.
I am not saying it’s impossible, I am only saying that it could be more challenging.
Anyways, in the absence of anything else, feel free to try it out. Just remember that we are no more in the era where success in farming is determined by the number of “able bodied” men and women that you have in your employment.
If you are not able to implement a basic mechanized farming or tech-enabled (or enhanced) farming, you might want to just go and drop your money in the savings account at 1.35% per annum interest rate.
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