Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,010,320 members, 7,357,559 topics. Date: Tuesday, 21 March 2023 at 05:41 PM
Nairaland Forum / Nairaland / General / Investment / Digital Agriculture Investment platforms/options in Nigeria (1263820 Views)
Investing In Digital Currencies. Learn And Earn From The Best Options In 2022. / Crowdfunding Investment Platforms And Options (non Agritech Categories) / What Is Digital Agriculture Investment All About? (2) (3) (4)
(1) (2) (3) ... (701) (702) (703) (704) (705) (706) (707) ... (747) (Reply) (Go Down)
|Re: Digital Agriculture Investment platforms/options in Nigeria by Whalesss: 5:38am On Sep 04, 2021|
Didn't invest with shopagric.
But ALL of them have crashed!
August was ZERO ...
Time to chase gbese from about 11 farms! or Ponzis
|Re: Digital Agriculture Investment platforms/options in Nigeria by toyeenb: 8:52am On Sep 04, 2021|
Have join the group. I encourage every one that has an investment with dafaulting farmspnosor to join this group and let form a strong force to fight farmspnosor for hard investment money. Farmspnosor is very wicked and want us scam of our investment meant matured I'm three later prostone to six month also extend to Nine month and NOW to years. We need to united and fight for our money with all availabe resource. Please join this group on telegrams: FARMSPONSOR INVESTORS RECLAIM
|Re: Digital Agriculture Investment platforms/options in Nigeria by Chimex388: 11:19am On Sep 04, 2021|
|Re: Digital Agriculture Investment platforms/options in Nigeria by Treasuredvessel: 11:43am On Sep 04, 2021|
Kenfarms has started paying those who invested between August to December 2020. It's a good sign,I got paid yesterday, will patiently wait for phase 2 and 3.The investor reps did a good job,and it also looks like the CEO has some form of integrity.
|Re: Digital Agriculture Investment platforms/options in Nigeria by Bcpump: 12:06pm On Sep 04, 2021|
No one should fall for this.
Only repaying to get people to invest in their new ones.
I pity any human being still investing in agro
15 Likes 1 Share
|Re: Digital Agriculture Investment platforms/options in Nigeria by IamE: 1:48pm On Sep 04, 2021|
Getting a buyer plus the fact that i am not resident in lagos is a hindrance.
|Re: Digital Agriculture Investment platforms/options in Nigeria by Nyxx123: 4:20pm On Sep 04, 2021|
Wait am I seeing 2028 and 2026 Farm sponsor kuku chest it and say you don't have plans of paying up.
|Re: Digital Agriculture Investment platforms/options in Nigeria by MummyIMadeIt: 5:38pm On Sep 04, 2021|
Their is already a group seekn legal option already on telegram
|Re: Digital Agriculture Investment platforms/options in Nigeria by ajaolu(m): 5:45pm On Sep 04, 2021|
Alright, good. Then kindly provide the group's name so people can join to know the progress and to render any help if need be.
We an also merge the two groups easily if you provide the group's link in the other group for people to join easily. Thanks.
|Re: Digital Agriculture Investment platforms/options in Nigeria by MummyIMadeIt: 5:50pm On Sep 04, 2021|
Search for "Farmsponsor Aggrieved Investors" on telegram. When found request to be added to the legal group
|Re: Digital Agriculture Investment platforms/options in Nigeria by Treasuredvessel: 6:41pm On Sep 04, 2021|
Bcpump:I don't think they have any new farms open now,anyone who goes ahead to invest with all that's been going on is on their own, I'm only stating that they've started paying some people.
|Re: Digital Agriculture Investment platforms/options in Nigeria by Onajobs: 8:59pm On Sep 04, 2021|
Your pessimism no be here o.
|Re: Digital Agriculture Investment platforms/options in Nigeria by Eriolaoluwa: 2:50am On Sep 05, 2021|
Dear Farm sponsor....kindly pay me my money. Some of us still has a little conscience unlike you but dont push it.
As at now your names still come clean on Google,that can change with little or no effort.
In addition to family and friends details
|Re: Digital Agriculture Investment platforms/options in Nigeria by Bcpump: 4:54pm On Sep 05, 2021|
See the email they sent below and tell me they are not planning on opening new farms
We would like to express our appreciation for the level of understanding that we have enjoyed from you over the course of the past few months, as we work our way through the current situation.
Our appreciation also goes to members of the team who made the trip down to Ilorin, Kwara State for an on-site assessment. The team was able to see our farm locations, operations, and also our books. We hope that the visit has also helped to bolster investors’ confidence by showing that we still have full control of the situation, learnt our lesson and we are willing to do our best in paying back all outstanding payments in spite of all that is happening.
THE REASON FOR PAYMENT DELAY
The delay in paying our investors is a result of two key factors:
The first factor is the SEC regulation of crowdfunding in Nigeria. SEC’s decision made a lot of investors go into a panic mode, leading to massive withdrawals and zero reinvestment. So, we were bleeding funds, without commensurate funds coming in, making it difficult to properly run our farms.
The life cycle of layers is 18 months; however, the fact that our investment run in cycles of 3 months, and we pay interest and capital together. Normally for every pay out we make, our investors reinvest, or new investors come in to fill up the slot. However, the panic withdrawal resulted in a high rate of funds being pulled out with no new fund reinjected.
The second factor is the rise in the production cost of layer feeds. This has been the case because of shortage in supply of maize. Unfortunately, while the cost of production was increasing, the selling price of eggs did not increase at the same proportion because an increase in the price of eggs will lead to a fall in demand, so most layer farms have been experiencing very low profit margins in egg production.
As a result of the two factors, we had to pause payment, in order to save the business from imminent collapse due to lack of operating capital.
PAYMENT OF OUTSTANDING ROI
As we begin to find our feet again, we have begin repayments from 1st of September, 2020. Payments are structured to be in three batches starting with investments that were made from
August 2020 to December 2020 after which Investments that commenced from
January 2021 to march 2021 will be treated next and the last batch from
Match 2021 to July 2021.
If you fall into the first batch, you can login to your account to place for withdrawal.
As we navigate our way through this, we have had to pivot our focus from eggs to broiler production. Broiler production has consistently maintained a better profit margin even when the cost of production goes up; hence it provides a better alternative to egg production.
Apart from in-depth knowledge on broiler farming, We have also conducted feasibility studies and set things in motion for the KenFarms Fresh Frozen Chicken. Some properties acquired for the egg production will be useful to help us take off the KenFarms Fresh Frozen Chicken project on a good footing which means we won't have to be spending on capital projects anymore.
Apart from partnering with off takers that takes upto 100,000 broilers monthly, we will also be going into processing and packaging selling frozen chicken. KenFarms Frozen Chicken is a B2C model which cuts out middlemen and sells directly to end users/consumers through a wide network of retailers that we are building across various locations in each state of Nigeria.
KenFarms handles every aspect of the production value chain, from raising the birds, processing, and distribution. This enables us to keep production cost low. We are out to make chicken the preferred and cheaper protein source for Nigerians in every part of the country. Consumers will get the KenFarms Frozen Chicken at a far cheaper price point than what is obtainable in the market. Also, they will find it within their reach without having to go long distances or to the market.
Investors are welcome to be a part of the KenFarms Frozen Chicken project. Investors who take this offer, and make a fresh investment which a unit is #200,000.
Investments with 600,000 (3 units ) and above in the KenFarms Frozen Chicken will be issued a post-dated check of their capital pay out. The checks will be mailed to your desired address within Nigeria at no extra cost within 7 days. However, for investors who reside outside Nigeria, will bear the cost of courier service to get the check across to them.
More details on our broiler project will be communicated soon.
As we grow as an organization, we find the need to also expand our management structure to include one or two of our investors. We will be bringing up to 3 of our current investors into our stakeholder’s board. The criteria and process for choosing our stakeholders will be communicated in due time.
In spite of the upheaval, agriculture remains a goldmine, with loads of profit to be made from it, especially from broiler farming for frozen chicken. We are committed to exploring and exploiting this goldmine, and making our investors rich in the process. We encourage you to take advantage of this goldmine as well.
Once again, thank you for your kind understanding, it means a great deal to us.
|Re: Digital Agriculture Investment platforms/options in Nigeria by imantjalupon: 10:11pm On Sep 05, 2021|
Agro- a food bank with #1000000 capitalization.
|Re: Digital Agriculture Investment platforms/options in Nigeria by olystic: 5:28am On Sep 06, 2021|
All these ppl get mind sha
|Re: Digital Agriculture Investment platforms/options in Nigeria by goody234: 11:10am On Sep 06, 2021|
whats the story with agrilet are they paying ...i have money due this month ..
|Re: Digital Agriculture Investment platforms/options in Nigeria by Greenvaiper: 11:21am On Sep 06, 2021|
This one done miss road
|Re: Digital Agriculture Investment platforms/options in Nigeria by goody234: 11:24am On Sep 06, 2021|
see you ...one way or the other they will pay
|Re: Digital Agriculture Investment platforms/options in Nigeria by Ohyinyeah: 2:46pm On Sep 06, 2021|
MummyIMadeIt:The owner is not in Nigeria
|Re: Digital Agriculture Investment platforms/options in Nigeria by Everneat(m): 3:24pm On Sep 06, 2021|
Please what is the latest with Eatrich Farms
|Re: Digital Agriculture Investment platforms/options in Nigeria by Onajobs: 6:09pm On Sep 06, 2021|
How U wan take make am for business if U no get mind?
|Re: Digital Agriculture Investment platforms/options in Nigeria by HOcorninvestor(m): 6:50pm On Sep 06, 2021|
Sad to see how the people of this country love to eat off their fellow peoples plate. No sense of conscience. Glad I pulled out all my investments a few years ago and left this country. Only if your own people will get their act together, will this country find their footing. Else its heading for a total disaster and civil chaos. God bless all those of you who are stuck and try to find ways to get out and never deal with your own fellow people again.
Onajobs:Sorry I don't understand this Pidgen English. Can you translate into English. Cheers
|Re: Digital Agriculture Investment platforms/options in Nigeria by olystic: 1:25am On Sep 07, 2021|
Onajobs:That's not business Mr man.
|Re: Digital Agriculture Investment platforms/options in Nigeria by CountVersailles(f): 2:38am On Sep 07, 2021|
HOcorninvestor:I think it's inevitable that Nigeria is headed for civil chaos. Even if they start TODAY putting things right. ten years is not enough to ensure the impact is felt. That's just a given because change never happens suddenly. Then you have a case where they are not even making any efforts at all. Corrupt person are not going to jail, Naira keeps losing value because there are those with entrenched interests, etc. With the way the whole thing is going, in ten years the country may be in worse shit than it is in today. That worse shit might as well be proper civil chaos.
|Re: Digital Agriculture Investment platforms/options in Nigeria by UDK(m): 10:42am On Sep 07, 2021|
Just to raise the red flag that I am yet receive my payment from FARMCENTA that was due since 27th of August. I was initially contacted and asked to exercise a little patience and that I will receive my payment before the end of last week but they were unable to make the payment. They have asked once again to be given till the end of this week and I will be waiting till Friday before activating the next line of action towards getting my money. I pray that they fulfill their obligations by end of the week.
|Re: Digital Agriculture Investment platforms/options in Nigeria by Cjbros: 11:38am On Sep 07, 2021|
Any info on farm4me?
Are they still paying?
|Re: Digital Agriculture Investment platforms/options in Nigeria by olystic: 7:34pm On Sep 07, 2021|
That is a sign that their account is not healthy. Even When they do pay you people should avoid that firm and the like.
|Re: Digital Agriculture Investment platforms/options in Nigeria by olystic: 7:37pm On Sep 07, 2021|
As at 26th I was paid but that is not an indication that when you invest with them that you also will be paid. Agrictech is the new ponzi now.
|Re: Digital Agriculture Investment platforms/options in Nigeria by PriscOlade(f): 10:08pm On Sep 07, 2021|
How did you do it? I can't seems to see where to withdraw to bank?
|Re: Digital Agriculture Investment platforms/options in Nigeria by Hommolarah: 6:18am On Sep 08, 2021|
[quote author=MummyIMadeIt post=105426271]NOTE * stands for new/latest changes
On 2nd September 2021 18:13 hrs
Updated List of agrictech by Nairalanders and their ratings.
FARMS HAVING MET SEC STANDARD:
List of Old farms Still Performing:
*List of Farms with New Model*
1.Agro partnership (Microfinance Banking)
2. CrowdyVest (Sec in Process + Corporative optional)
4. Farm4me/Ceepass/ViableX (Digital Agric Microfinance Bank)
List of New farms under Observation for now includes:
List of those with issues for now includes:
1. Goatmeathq (defaulted in paying capital and ROI)
2.Selemafarms (delaying payments for months)
3.Goatti (delaying capital + Roi for months)
4.Groupfarma (delaying payments for 3months)
5.FarmFundsAfrica (delaying payments for months for 2 farm cycles)
6.Bazuze (delaying 60% payments for 8 months)
7.ChubiAgro (delaying payments for months)
8.Agrilet(delaying payment for months)
9.Kenfarms(Corporative + Yearly Locked funds compulsory + Delaying payments for weeks)
10.Eatrich (Delaying payments for months)
11.Titan farms (Delaying payments for weeks)
12.Shopagric (Delaying payments for weeks)
13.Foxygreen(Corporative + Delaying payments for Months)
14.Farm360(Institutional+Witholding funds for 3 months+ Yearly locked funds)
15.Emeraldfarms(Sec in Progress+Yearly Locked funds Optional + Paying Only ROI)
16.WestAgro (delaying payments for months)
List of those under critical watchlist includes:
1. Winichfarms (Suspected scam)
2. Efarms (Suspected scam)
3. Diaryfarms (suspected scam)
4. Tusherfarms (suspected scam)
5. Farminvest (suspected scam)
6. AgriBuisnessCapital (suspected scam tech by Menorah Farms)
7. Housefood.Africa ( suspected scam tech by MadakiAgro)
8. Agropark (suspected scam)
9.Iscomfarms (suspected scam)
11.Letsfarm (suspected scam)
12.ClickFarmsNg (suspected scam)
13.Agreecourse (Suspected scam)
14.HOCorn (Suspected scam)
15.ZionVest (Suspected scam)
16.GreenEaglesAgricBuis (Suspected scam)
17.Abadini (Suspected Scam)
18.RequidJV (Suspected Scam)
19. Farmkonnect (Suspected scam)
20.Gold+Vest (Suspected scam)
21.SGLfarms (Suspected scam)
22.Greenfold (Suspected scam)
23.Nigeria Farmer's Group and Coperative Society(NFGCS) aka Ga'atevest (Suspected scam)
24.Payfarmer (Suspected scam)
25.Farmfunded (Suspected scam)
List of those declared serial defaulters aka MMM Ponzi scheme:
1. Growcrops online (serial defaulters)
2. Grandeur solicitors (serial defaulters)
3. Abiyamofarm (serial defaulters)
4. MadakiAgro (serial defaulters)
5. Menorahfarms(systematic defaulters)
6. Pork+Money (Opened another outlet Pay+monthly+cars=confirmed defaulters)
7.FarmTISA (Opened by member of HOCorN an alleged scam product)
8.CashcowNg (serial defaulters)
9.Farmagric (serial defaulters)
List of Farms back after suffering setback(s) includes:
1.Farmkart (back after delayed payments for 3-4 weeks)
This is solely based on recent performances as attested to by Nairalanders and by no means a go ahead order/permit to invest with any of the above agrictech firms, hence further investigation should be carried out by the investor using SEC compliance status quo until convinced otherwise.
Yours humble Investor
[sup]Please assist yours faithfully with a job.
|Re: Digital Agriculture Investment platforms/options in Nigeria by Nezzjnr: 8:27am On Sep 08, 2021|
Hommolarah:The Guy even looks like a Fraudster
(1) (2) (3) ... (701) (702) (703) (704) (705) (706) (707) ... (747) (Reply)
Crypto Currency Investors Thread / Treasury Bills In Nigeria / Nigerian Stock Exchange Market Pick Alerts
|Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health |
religion celebs tv-movies music-radio literature webmasters programming techmarket
Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Nairaland - Copyright © 2005 - 2023 Oluwaseun Osewa. All rights reserved. See How To Advertise. 340