₦airaland Forum

1. Skill Set: If you don't have the necessary skill set, you shoild be willing to COLLABORATE with others who do.
#Collaboration is the key
My close friend in my former church engaged one guy who abandoned his duties and led to the loss in his pawpaw farm worth over N5 million.

2. Access to Land
When choosing any land for your agribusiness, you should consider nearness to your target market, cost, security, shape of the land as well as security of the neighborhood. One of my friends have thieves getting into his farm to harvest his crops when the crops are due for harvest.

3. Access to Labor

4. Access to Regular Water Supply
With climate change, the pattern of rainfall isn't the way it used to be all around the world. This means you need to embrace certain available technology that helps you provide water ans well as regulate other elements of nature.

5. Have a Target Market
Quote: "A sniper just doesn't arm himself with an assault rifle and then goes shooting randomly at just about anything."
-Anonymous

He strategically fires his shots at specific targets. Don't tell me your product is for everyone. This could be the beginning of business failure for prospective business owners.

Your product should be targeted at:
- A specific class of people, within a defined geographical area, possessing some identified characteristics.

6. An Idea of a Return on Investment (Profit)
-The size of profit you are expecting should determine the amount of money you invest into your agribusiness. More discussions on the return on investments are addressed under the cost-benefit analysis.

7. Reasons for Investing
You need to be very discreet with any sector of the Nigerian agribusines you choose to invest in.

The following are reasons people invest in agribusiness:
-To pay school fees for their children
-To generate multiple stream of income
-To fund their private projects
-To support their plans for vacation abroad

This level of planning helps to determine the approriate agribusiness you should involve in to realize your financial goal.
For instance, cucumber farming helps you generate an income every 45 days.

Cassava helps you generate an income at least 9 months after cultivation, but you would need to replant cassava stems each planting season.

Water melon helps you generate earnings 4 months after cultivation, but you would need to replant each planting season.

Pepper helps you generate earnings 4 months after cultivation for more than 4 years without replanting.
Cocoa helps you generate earnings at least 2 years after cultivation.

Pawpaw helps you generate earnings 8 months after cultivation and for the next 5 years.

Plantains are a money-spinner because they help you generate earnings at least 8 months after cultivation and for more than 50 years down the line.

Coconuts helps you generate earnings 3 years after cultivation and pumps money into your bank account afterwards forever.

But, there is a niche in the agribusiness industry that could help you generate earnings every day. This is great for prospective business persons who want to generate an alternative income stream.

#MakeMoneyFarming #AgribusinesIsProfitable
#Pawpaw #TargetMarket #PlantainFarmer # PawpawFarmer