"Think Big"

get your farmland today.

Invest wisely

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Think Big!

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We Nigerians need to have a rethink and take advantage of the opportunities agribusiness present;venture and invest to create wealth.

hotmas911:
It's beautiful morning here in Ogbomoso. The first idea is think on these 2 ideas. You can actually buy a plot of land in some just developing areas in places like Ikorodu for around 800k and you can use that same sum to buy 10 acres of land in a place like Ogbomoso. If you decide to develop your Ikorodu land, how much will it cost you to have it ready in a rentable condition? Another question you need to consider is how much rent are you likely to get per annum? After considering those questions, now consider your 10 acres farmland.
You decide to develop it with a crop like PLANTAIN. From my own findings and experience you can develop the whole 10 acres with plantain with less 3million naira. On an acre using spacing of 7*7 feet you will have 8,890 plantain trees and that is a potential 8,890 plantain bunches. But let's peg the harvest at 70% of the 8890 and that will give us 6223 bunches that can be sold up to N1,200 per bunch. Let's use N800 per bunch and we will have N4,978,400 as income from the first year. In your first year, you make back both the cost of land and still made profit plus the 10 acres still yours! You now have an investment with a capacity to yearly put above N3m in your pocket. Is this not too good to be true?
Before I continue, try and compare the 2 ideas of doing real estate and decide which is best for you. We still have many crops other than plantain to discuss. but lets give room for discussions and questions.
Note: some farmers use spacing of 2*2.5 metres and that will give you 2000 plantain trees per hectare.
I'll be right back.

Nice one hotmars911,

You made a solid irrefutable point. Its obviously pays to invest in Agriculture. Thanks for the great information and analysis.

It is high time we began to marshal our energy and resources into Agriculture rather than spending so much on lands especially in Lagos where a plot of land sells for about N100m in Lekki.

I will like to know: what is the current price of a land now in such a rual area or village in Ogbomosho or in Abeokuta.

Thanks

dinomcjohn:


Nice one hotmars911,

You made a solid irrefutable point. Its obviously pays to invest in Agriculture. Thanks for the great information and analysis.

It is high time we began to marshal our energy and resources into Agriculture rather than spending so much on lands especially in Lagos where a plot of land sells for about N100m in Lekki.

I will like to know: what is the current price of a land now in such a rual area or village in Ogbomosho or in Abeokuta.

Thanks

thanks for taking time to read the thread. Farm land is 70k per acre in Ogbomosho

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