Taofeeqbadmus:
They farmers would also have access to free credit in terms of inputs such as DOC, Feeds and Drugs for a period of 6 months which can be as high as 1.5million from the state entrepreneur, it would also assure them(farmers) that during glut where eggs are destroyed and sold for lesser prices that can sell at a profitable price, they would have a guaranteed market and price all year round

MrKong:

What makes you think the entrepreneur will assume the risk alone because he's providing the fund?...lemme tell you something, I have experience with people like that. For example, if there is a disease outbreak and the birds start dying...what the entrepreneur will do is to sell the birds and recover his own capital outlay before anything go out of hand and don't think you'll get a dime from the proceeds...in that event, he makes sure he doesn't lose a kobo while you lose in other resources (material resources and non-material) you have involved

So who's short sighted?...read and understand terms of agreement before going into anything...I'll say it again, this arrangement is slavery!

MrKong:

What makes you think the entrepreneur will assume the risk alone because he's providing the fund?...lemme tell you something, I have experience with people like that. For example, if there is a disease outbreak and the birds start dying...what the entrepreneur will do is to sell the birds and recover his own capital outlay before anything go out of hand and don't think you'll get a dime from the proceeds...in that event, he makes sure he doesn't lose a kobo while you lose in other resources (material resources and non-material) you have involved

So who's short sighted?...read and understand terms of agreement before going into anything...I'll say it again, this arrangement is slavery!

MrKong:

You don't understand...there is nothing free here, yes they give you credit in form of inputs but they take far more in returns than they should have. To me, it's slavery.

A bank loan is better IMO, atleast banks don't take more than the interest

checkoutdr:
[b][/b]15 YEARS OF PRACTICE?

Q1. How old am I now?
Q2. Is this for those who have made a landmark in Agriculture or those who are looking for something productive to engage in so as to earn a living?

alakara:
My Problem is that won't what happen in Osun Scheme happen here.
This project is copy and paste from Osun Scheme and we know what happened to small scale farmers

Godisnotaman101:
. Don't mind the program. Its purely slavery. Ask people who are participating in the current one in osun state.

Taofeeqbadmus:
pls explain further, payment of N675 million as profit over 5 years(check the webiste for the contcat details and names of beneficiary farmers)? Agreed there are some problems now, but tell me where there isn't any problem in Nigeria right now? its a copy and paste agreed but this has a larger coverage aimed at reaching all the 774 LG

Awotimi:

Please is it like the farmer and entrepreneur would have agreed on a stated profit sharing ratio? or profit will be shared based on the entrepreneurs judgement.

Bash92:
Hope tuns won't be the only feed mill to supply feeds to farmers like it was/is for the broiler production. Birds could go 2 days with out anything except water.

alakara:

Are you tuns farm son? Your monicker.

Taofeeqbadmus:
bank loan at how many % interest rate

tell me which bank is giving agric priority funding?

tell me which bank would giive you a loan and not ask for repayment immediately

tell me which bank would give you a loan without collateral for twice the value of the loan?

Taofeeqbadmus:
they would both agree to a sharing/deduction ratio, but basically the farmers should have majority

MrKong:

12% interest rate I suppose which is far more logical and fairer than the greedy NEGPRO please let me have the details of this bank, CBN at best would give them money for agric projects at 9% pls visit their website or ask around, this is asides the management fees and other charges you would pay upfront

I'd say Bank of Agriculture and most micro finance banks...how many banks have you contacted anyway? and how many states do you have the bank of agric?micro finance bank? again at what interest rate? i can categorically state that most banks run away from agric only few like 1st bank, heritage bank and union bank have a full complement agric desk

Repayment immediately as in? you collect loan you no go pay? the immediately ask for the repayment plan, its like planting a cocoa tree, when do you think you would start reaping the cocoa from it? do you feel the bank would be patient that much? they would rather give to someone importing who would sell and give them their money

Maybe none, maybe some...about the collateral, the requirement by NEGPRO is that I have a 2000 capacity poultry house with cage, water, labour and ready for operation, is it not reasonable for me to source for loan with that same facility instead of helping some people make money with my own resources?...if I get it right which I sure know I will, I take the dividend all and not some smirk faced people taking all and tossing me scraps for a business that I largely championed. and how much would you value that as? for a 2000 birds you would probably need about N5million to feed for the the whole year, so your building, farm land and co would be worth like 10 million? truth is most farmers today start small and grow gradually, to get to a 2000 capacity on your own would take years and hard work, layer farming is not like broiler farming where the money is instant (after 6-8 weeks) you would have to be patinet till after 60 weeks before t=you can start thinking of how to break even.

see this scheme is not by force, even in a family you always have siblings with different perspective you have said yours i have made mine know that's all i can say