.

Reality

adedam007:
Reality

then wat is the effect of the countless headaches and calculations of farmers

not wen u ve a palm plantation?

Are you saying we don't have rich cocoa farmers again or we never had? I have seen rich farmers that sent their kids abroad for unviversity education, that's beyond what an average man can do in Nigeria.

Farmers are wealthy.

We were told that before the discovery of crude oil in commercial qauntity in the country, that Agriculture sustained the Nigerian economy. Even the University of Nigeria Nsukka, was built with income from Palm Oil. How do you describe the wealth of the nation then? Every the potential of creating wealth, it all depends on how your approach it. From your analysis, I figured that farmers don't flaunt their income rather they keep re-investing because they need meet demand. They unconsciously expanding their assets without really knowing it. And I state every season has it's impact either positively or negatively on the farmer. However, In farming the bigger your investment the bigger your return on investment as well as bigger risk exposure.
Meanwhile, the money is in agro-business and not farming per say. An instance suffice here, before Aliko Dangote diversified into ptoduction. he was purely an agro-business man majoring on finished goods like - flour, sugar, rice and pastas.
Anyway good post learn't some things from you.

This one that the GEJ, OBJ and even Dangote the richest man in Africa are venturing into farming hmm...So op I don't understand

@Op,i must commend your effort on this but i still disagree with some of the points.
Farmers dont flaunt their wealth.Even here in nigeria,i can give you names of silent multimillionaire farmers.
Not only in.nigeria do we have multimillionaire nut.all over the world as well

You can check this out

Thousands of miles from Wall Street, where
Alibaba Group has filed for a multi-billion-
dollar IPO, Chinese farmers are swapping
tractors for luxury cars after making
fortunes through the Internet giant.
"All of our business is now on the
Internet," said Huang Jianqiao, who grew
up in rural poverty but now roars to work
in a black Jaguar and flies with his wife on
holidays to Paris, thanks to an online bag
store that he says takes in 30 million yuan
($4.8 million) each year.
He is one of thousands of Chinese farmers
who have transformed their lives using
online retail platforms created by Alibaba.
The group, which dominates China's e-
commerce market, combines aspects of
eBay, Amazon, PayPal and other Western
tech darlings, and according to analysts an
investor frenzy could drive its value as high
as $200 billion when it goes public in the
US later this year.
A world away from the plush boardrooms
of New York, towers of cardboard boxes
awaiting delivery to cities and villages
across China are strewn across the cracked
white tiles of Huang's warehouse in Baigou.
One of Alibaba's main assets, the sprawling
e-commerce site Taobao -- or "search for
treasure" -- enables him to offer his locally
made bags to millions of potential Chinese
customers.
"It's a start-up platform with nearly no entry
barriers which suits many of us," Huang
said.
Baigou, in the northern province of Hebei,
is among the biggest of the estimated 20
"Taobao villages" in China -- rural areas in
which Taobao stores employ more than 10
percent of the local population and take in
revenues of more than 10 million yuan a
year.

Culled from
www.businessinsider.com/heres-how-alibaba-turns-chinese-farmers-into-multi-millionaires-2014-5

Very stewipd observation.....if farmers are not rich, why is most of nigeria politicians ventures into agriculture?..how much does it takes to have mansion? if you can build an automated pen worths millions....the money realise in large scale poultry farms within month is enough to build mansion you so imagine.

Ignorance post.

world1:
Farmers are wealthy.

Indeed farmers are wealthy .