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How To Make Multi-millions From Farming - Agriculture - Nairaland

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How To Make Multi-millions From Farming by WideMouth333(m): 12:20am On May 07, 2022
The Secret of making money in farming is hidden in production per unit area. Do not be cheated by anyone , money is in the yields per M² , per acre or per ha but not in the price.
So the right question to ask is how to maximise on production per unit area because that is what is under the farmer's control.
The price of agricultural goods is determined by market forces of supply and demand and its futile to focus on something that you can't control.
The process of making money in farming doesn't start at selling but at that point when you decide to grow that particular crop . Before you start on anything you need to ask yourself 6 important questions.
1. What to grow ?
2. How much to grow ?
3. How to grow ?.
4. Where to grow ?
5. Where to sell ?
6. How much to sell at ?
A gross margin analysis is a necessity in farming and its only a foolish farmer who would opt to go into farming without one .
You must also set your target production per unit area , determine plant population and ensure that you achieve it . If you miss , the target production the 1st time , analyse on what you didn't do right and keep on improving until you achieve it .
In everything that you do , perfection is achieved through practice and farming isn't an exception. Select about 4 crops and practice on them until you get to understand how to grow them appropriately.
Farming isn't a hit and run business and its success requires determination, consistency and focus towards the goal which should be your production target per m²/ acre or ha .
NB
Money isn't made by growing a particular crop but is made by a "farmer " growing a particular crop in a certain way.

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Re: How To Make Multi-millions From Farming by WideMouth333(m): 12:23am On May 07, 2022
Money isn't made by growing a particular crop but is made by a "farmer " growing a particular crop in a certain way

Re: How To Make Multi-millions From Farming by WideMouth333(m): 12:25am On May 07, 2022
The Secret of making money in farming is hidden in production per unit area. Do not be cheated by anyone

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Re: How To Make Multi-millions From Farming by Omonaijani: 3:33pm On May 07, 2022
Correct, very very correct; pls drop more of this
Re: How To Make Multi-millions From Farming by WideMouth333(m): 9:53am On May 08, 2022
Omonaijani:
Correct, very very correct; pls drop more of this

ok i will.....

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