Thread by @Samsonprolific

Farm & debt

Agriculture is expensive, it is a patient expensive process hence a lot of our forefathers were poor, & it was just enough to survive

A city kid wanting agriculture, it is more expensive as you have to pay for what the rurals get free - land, land preparation etc

When buying input, the market determines the price, when selling your output the market again wants to decide the price - which they do almost every time

As a start-up, crowdfunding became almost the norm to raise funds but a few sincere ones made a huge mistake

#FarmerSamson

taking investment for infrastructure rather than production (except the investor agreed to infrastructure), accepting funding beyond available structure, accept funds based on the theory of farming (promise huge returns) & an exponential increase in scale due to previous success

I got into farming (2012) thinking it was about planting, nurturing and harvesting but today I know it is much more than that, it is first about collaborating, associating, and selling before cultivating - this is what makes it Agribusiness.

#FarmerSamson

Except you have deep pockets or great backups, you will owe if your vision is global but ensure you have more than you owe.

The past year for me has come with a lot - debt (to investors but also owed more by customers), broken promises, ransoms paid,...

#FarmerSamson

unpredictable inflations, theft, and regular life that happens.

Have you seen the price of agrochemicals today? Logistics? Let's not bother uncle diesel.

I'm grateful still because I'm still here.

Have a great weekend everyone

#FarmerSamson