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Some Basic Facts About Agro- Commodity Business ; Young Agro-preneur/starter - Business - Nairaland

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Some Basic Facts About Agro- Commodity Business ; Young Agro-preneur/starter by SehgateTeam(m): 8:58am On Jul 18, 2017
My candid advice goes to young agro-preneur or
starters; you have to move closer to an expert in
the business and stop listening to people who only
good at analyzing business on a sheet of paper but
never go to the field for once. Agro commodity
business is purely field work in other words, it’s not
an office work where you base all your works on
experience and speculation based on office record.
Agro commodity business is far from speculation and
paper analysis but majorly based on reality and field
involvement.

“ I have read so many articles online on how to make
money trading agro commodities from home, start
agro commodity with no capital involve, make so much
money trading agro commodity with #1,000, we have
1000MT of cashew nut in our farm location all we need
is buyer”

Anytime I come across topic like this, what comes to
my mind is that these articles are meant to waste
people’s money and probably waste their precious
time. No day you can sit at a comfort of your home
and make money trading agro commodity either you
lost all your money to a stranger or develop a heart
attack as a result of mis-management of your
resources. No business you can start with no capital
not to talk of agro business where only the money
involved in buying call card in a day is an amount to
something huge with people with mind-set of earning
without money. Most of the time, you will need to
confirm the price from other country that produces
the commodity you wish to export or trade and
finally, no day a genuine trader or exporter can be so
stranded and all left for him/her is to be posting
advert all over the internet he has 1000MT stock-pile
of cashew nut for sale.

Sometimes ago, someone called me and told me he has
about 500MT of cashew in his warehouse at Osogbo,
it’s funny and I sent my team member located around
the area to visit his warehouse and the reply I got was
actually what I was expecting. “the young man
happens to meet some farmers who has about 52 bags
of cashew nut as at that time they kept this goods
based on price fluctuation speculation and they wish
to make more money when the price increases but
unfortunately, the price dropped and they wish to sell
to avoid more loses from further decreases in price so
the young man came to the internet and contact us.
Funny enough he doesn’t know what tonnage is.
The basic truth is that no active agro commodity
trader/entrepreneur has time for magic or wasting
time on speculation or rather listening to what people
say. Real Agro-preneur is always on the field and no
time to impress anyone. Before they go out for a
business, they already calculate their risk, profit,
miscellaneous and rigid plan B.

It’s very difficult to be stranded. If there are
challenges that arise in the course of doing the
business, they know how to handle it and not to come
online and be ranting about it.

Agropreneur/Enterpreneur are purely risk takers. No
need to stay back at home posting a request for
cassava chips price everywhere on the internet when
you can take a visit yourself to the farm location
where you can check quality, talk better about the
price, quantity availability, production processes and
many more During this time, you can also come
across some commodity of interest and with time, you
will build more on your sourcing capability as a
young agro preneur.

Most of the time, the time and money wasters comes
out to scam you. When they give you a price that is
much more lower than what is achievable in the
market, they always wish you fall for this gimmicks
and some will ask you to pay only transportation of
the goods while they will follow the goods in person to
collect the proceed of the transaction. Don’t fall for it.
My advice to people is, if you want to deal with
#500,000 for example, I don’t see any reason why you
will not travel and study the market with less than
#20,000.

Hints* As a young agro preneur, not everything you
must believe most especially people you have never met
before. It takes time to develop trust. Do more on
feasibility study instead of relying on magic paper work.

https://sehgatehub./2017/07/15/some-basic-facts-about-agro-commodity-business-young-agro-preneur-watch-out-for-money-and-time-wasters/

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