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What Can 5 Million Naira Do In Farming? - Agriculture - Nairaland

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What Can 5 Million Naira Do In Farming? by Mystic1(m): 3:40am On Jul 31, 2020
If given 5million Naira to venture into large/medium scale farming, how would you spend this money?




NOTE: Best pitch gets a chance of joining a small team to bring the idea into reality. Please no jam talks, be factual.
Re: What Can 5 Million Naira Do In Farming? by Hezzyluv: 3:52am On Jul 31, 2020
I'll use like 1m for fish farming.

Use another 1m to venture into poultry bizz.

Use like 500k for crops products.

Use another 500k star little livestock farming.

All these, if land is available sha.

Then, I'll open a fix deposit account with 2m, simply because, it's not good to put all your eggs in one basket.

3 Likes

Re: What Can 5 Million Naira Do In Farming? by illicit(m): 4:24am On Jul 31, 2020
I will have a dog farm

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Re: What Can 5 Million Naira Do In Farming? by Mystic1(m): 8:36am On Jul 31, 2020
illicit:
I will have a dog farm
A dog farm?
Re: What Can 5 Million Naira Do In Farming? by illicit(m): 8:46am On Jul 31, 2020
Mystic1:
A dog farm?
If u like dog meat, we will sell for u, dead or alive
Re: What Can 5 Million Naira Do In Farming? by shariff84: 2:43pm On Jul 31, 2020
Mystic1:
If given 5million Naira to venture into large/medium scale farming, how would you spend this money?




NOTE: Best pitch gets a chance of joining a small team to bring the idea into reality. Please no jam talks, be factual.
I don't know about you but for me farming is just suffering self,am an ex farmer therefore I know what iam saying.with such huge amount of money I will only venture into storage business which more profitable than farming itself.thats buying during harvesting and resell during scarcity. E.g you can get maize 6k during harvesting and resell now at 16k,or beans at 10k and resell 25k now or get agusi at 7k now and resell up to 20k during scarcity. Or dry pepper at 9k and resell at 18k during scarcity.

9 Likes 2 Shares

Re: What Can 5 Million Naira Do In Farming? by uthlaw(m): 9:44pm On Aug 01, 2020
shariff84:
I don't know about you but for me farming is just suffering self,am an ex farmer therefore I know what iam saying.with such huge amount of money I will only venture into storage business which more profitable than farming itself.thats buying during harvesting and resell during scarcity. E.g you can get maize 6k during harvesting and resell now at 16k,or beans at 10k and resell 25k now or get agusi at 7k now and resell up to 20k during scarcity. Or dry pepper at 9k and resell at 18k during scarcity.
follow this opinion!
Re: What Can 5 Million Naira Do In Farming? by waleyp(m): 10:10am On Aug 02, 2020
I like your reasoning I like your vibe... But it's easy to say. When it comes to executing these then you will know what it takes, it's better to at least focus in just two out of the ones you stated and expand on them later. By the way, are you just saying or you already know how to do them?
Hezzyluv:
I'll use like 1m for fish farming.

Use another 1m to venture into poultry bizz.

Use like 500k for crops products.

Use another 500k star little livestock farming.

All these, if land is available sha.

Then, I'll open a fix deposit account with 2m, simply because, it's not good to put all your eggs in one basket.
Re: What Can 5 Million Naira Do In Farming? by waleyp(m): 10:11am On Aug 02, 2020
Tell us what dog farm is about
illicit:
I will have a dog farm
Re: What Can 5 Million Naira Do In Farming? by illicit(m): 10:31am On Aug 02, 2020
waleyp:
Tell us what dog farm is about
similar to what a pig farm or goat farm is
Re: What Can 5 Million Naira Do In Farming? by waleyp(m): 5:46pm On Aug 02, 2020
Oh that would be interesting
illicit:


similar to what a pig farm or goat farm is
Re: What Can 5 Million Naira Do In Farming? by illicit(m): 7:32pm On Aug 02, 2020
waleyp:
Oh that would be interesting
yes sure
I love dog meat that's why, and it's a delicacy here

Dogs are always in demand
Re: What Can 5 Million Naira Do In Farming? by dasensible1(m): 7:57pm On Aug 02, 2020
#5million is a lot of money.

IF I have #5m today, within 5days 1 will have secured 20 Hectares (50 Acres) of land on annual lease. I will plant only Maize (getting late) and Cassava. #3.2million is sufficient to take the crops to harvest.

I will invest #1.5 in Palm oil storage (the easiest), with God's factor I will then wait and watch the money grow like grass within a year.

1 Like

Re: What Can 5 Million Naira Do In Farming? by Nedlog01(m): 6:32pm On Aug 05, 2020
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Re: What Can 5 Million Naira Do In Farming? by UyaiIncomparabl(f): 3:09am On Aug 06, 2020
shariff84:
I don't know about you but for me farming is just suffering self,am an ex farmer therefore I know what iam saying.with such huge amount of money I will only venture into storage business which more profitable than farming itself.thats buying during harvesting and resell during scarcity. E.g you can get maize 6k during harvesting and resell now at 16k,or beans at 10k and resell 25k now or get agusi at 7k now and resell up to 20k during scarcity. Or dry pepper at 9k and resell at 18k during scarcity.

Nice. kiss
Re: What Can 5 Million Naira Do In Farming? by UyaiIncomparabl(f): 3:11am On Aug 06, 2020
illicit:
I will have a dog farm

LOL. Yucky. tongue

1 Like

Re: What Can 5 Million Naira Do In Farming? by SirMichael1: 3:15am On Aug 06, 2020
UyaiIncomparabl:


LOL. Yucky. tongue
Yuck!!
Re: What Can 5 Million Naira Do In Farming? by UyaiIncomparabl(f): 3:16am On Aug 06, 2020
SirMichael1:
Yuck!!

What, small boy? You don't sleep?
Re: What Can 5 Million Naira Do In Farming? by SirMichael1: 3:18am On Aug 06, 2020
UyaiIncomparabl:


What, small boy? You don't sleep?
I just woke up from dreaming about you.
Re: What Can 5 Million Naira Do In Farming? by UyaiIncomparabl(f): 3:56am On Aug 06, 2020
SirMichael1:
I just woke up from dreaming about you.

Tomorrow, you will say I am your sister. Sister kee you there. cheesy
Re: What Can 5 Million Naira Do In Farming? by UyaiIncomparabl(f): 10:42am On Aug 07, 2020
shariff84:
I don't know about you but for me farming is just suffering self,am an ex farmer therefore I know what iam saying.with such huge amount of money I will only venture into storage business which more profitable than farming itself.thats buying during harvesting and resell during scarcity. E.g you can get maize 6k during harvesting and resell now at 16k,or beans at 10k and resell 25k now or get agusi at 7k now and resell up to 20k during scarcity. Or dry pepper at 9k and resell at 18k during scarcity.


This storage of crops thingy. Do you like get a shop for the crops and store them or what? What's their life span regarding the amount of time they may get to spend before selling them out?
Re: What Can 5 Million Naira Do In Farming? by shariff84: 1:21pm On Aug 07, 2020
UyaiIncomparabl:



This storage of crops thingy. Do you like get a shop for the crops and store them or what? What's their life span regarding the amount of time they may get to spend before selling them out?
in the north we have stores in our village markets,you will only rent one at 50k. Duration of storage is just six month from january-june/July.
Re: What Can 5 Million Naira Do In Farming? by UyaiIncomparabl(f): 1:25pm On Aug 07, 2020
shariff84:
in the north we have stores in our village markets,you will only rent one at 50k. Duration of storage is just six month from january-june/July.

But, can one just use a random store then? And which states can one get these crops at their harvests to sell later?
Re: What Can 5 Million Naira Do In Farming? by waleyp(m): 1:29pm On Aug 07, 2020
i like this
dasensible1:
#5million is a lot of money.

IF I have #5m today, within 5days 1 will have secured 20 Hectares (50 Acres) of land on annual lease. I will plant only Maize (getting late) and Cassava. #3.2million is sufficient to take the crops to harvest.

I will invest #1.5 in Palm oil storage (the easiest), with God's factor I will then wait and watch the money grow like grass within a year.
Re: What Can 5 Million Naira Do In Farming? by TheCork(m): 1:39pm On Aug 07, 2020
UyaiIncomparabl:


But, can one just use a random store then? And which states can one get these crops at their harvests to sell later?


Sweet hat am ready to pay u 300naira cash for u to be my girlfriends for just one month. I will buy u shirt, shoe bag earring & beautiful designer portmamto .. deal?? cheesy
Re: What Can 5 Million Naira Do In Farming? by shariff84: 3:39pm On Aug 07, 2020
UyaiIncomparabl:


But, can one just use a random store then? And which states can one get these crops at their harvests to sell later?
Niger state.you can contact me when you are ready via my signature. Thanks
Re: What Can 5 Million Naira Do In Farming? by BECALMBECALM(m): 9:48pm On Aug 07, 2020
shariff84:
I don't know about you but for me farming is just suffering self,am an ex farmer therefore I know what iam saying.with such huge amount of money I will only venture into storage business which more profitable than farming itself.thats buying during harvesting and resell during scarcity. E.g you can get maize 6k during harvesting and resell now at 16k,or beans at 10k and resell 25k now or get agusi at 7k now and resell up to 20k during scarcity. Or dry pepper at 9k and resell at 18k during scarcity.
Bro, you just highlighted the good side of the business which is what most people will like to hear. It is also good to let people know the risk in this storage business. If you go into it without experience and proper knowledge you will fail.
Re: What Can 5 Million Naira Do In Farming? by UyaiIncomparabl(f): 9:53pm On Aug 07, 2020
BECALMBECALM:
Bro, you just highlighted the good side of the business which is what most people will like to hear. It is also good to let people know the risk in this storage business. If you go into it without experience and proper knowledge you will fail.

Alright. Maybe you can help with the proper knowledge then, don't you think?
Re: What Can 5 Million Naira Do In Farming? by bizzibodi(m): 5:07pm On Aug 29, 2020
dasensible1:
#5million is a lot of money.

IF I have #5m today, within 5days 1 will have secured 20 Hectares (50 Acres) of land on annual lease. I will plant only Maize (getting late) and Cassava. #3.2million is sufficient to take the crops to harvest.

I will invest #1.5 in Palm oil storage (the easiest), with God's factor I will then wait and watch the money grow like grass within a year.
Managing 20hectares no b beans & farm produce rise & fall like stock.
Re: What Can 5 Million Naira Do In Farming? by bizzibodi(m): 5:13pm On Aug 29, 2020
shariff84:
I don't know about you but for me farming is just suffering self,am an ex farmer therefore I know what iam saying.with such huge amount of money I will only venture into storage business which more profitable than farming itself.thats buying during harvesting and resell during scarcity. E.g you can get maize 6k during harvesting and resell now at 16k,or beans at 10k and resell 25k now or get agusi at 7k now and resell up to 20k during scarcity. Or dry pepper at 9k and resell at 18k during scarcity.
Price of stored items can go up or go down also like garri has been all time low since 2018,even beans until they pick up this at d 2nd half of this year also product get spoilt d to poor storage,not dried enough & attacked by pest.beyond 6months garri,beans,maize, Sorghum will go bad.

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