Exoticfarmer:
There are a few factors to be considered. The more lucrative an agricultural business is, the greater the skill required.
In a nutshell make your choice based on these:
» Your Knowlege and experience; This will reduce the risk of monetary loss.
» Availability & cost of raw-materials.
» Demand
It may be safer to start from a small scale if you are unsure of your experience.

Maryam1234:
Agro-business is profitable indeed, it's the new gold-mine for those into it.I pray you get good advice needed for this new venture Sir, Nairalanders are wonderful people.I know nothing about Fishery hence, I would have pend my signature.

Exoticfarmer:
There are a few factors to be considered. The more lucrative an agricultural business is, the greater the skill required.
In a nutshell make your choice based on these:
» Your Knowlege and experience; This will reduce the risk of monetary loss.
» Availability & cost of raw-materials.
» Demand
It may be safer to start from a small scale if you are unsure of your experience.

Mickeyj:
I would advice you go into agro commodity trading since your capital is huge. If you have a company or business registered. You can get contract of supplying goods to companies. You can source for this products in the north and then move them down to the companies.

Mickeyj:
I would advice you go into agro commodity trading since your capital is huge. If you have a company or business registered. You can get contract of supplying goods to companies. You can source for this products in the north and then move them down to the companies.

Maryam1234:
Don't commit your resources without thorough investigation,if possible advertise your Market down and have willing buyer's on ground before purchasing.Good luck in your quest for financial Independence.I normally tease people to list how many Billionaires that are Civil Servants,non.

Ephetar:
Good morning guys, Please I need a sincere advice...I want to venture into agriculture. From the look of things, Agro business seems quite profitable in Southern Nigeria and I want to go into it...I am thinking of either Poultry or fish farming. Don't know which is more profitable... I'll also appreciate more agro business suggestions as a friend was telling me to go into snail farming.

Note;
I can give 2 hours daily to this business, I have acquired a 100*50 ft Land, Location;South-South, Budget= 10M... Please I don't want scammers in this thread... Thanks ...

Ephetar:


Thanks Maryam...You mind sharing connections of successful farmers with me?

Exoticfarmer:
There are a few factors to be considered. The more lucrative an agricultural business is, the greater the skill required.
In a nutshell make your choice based on these:
» Your Knowlege and experience; This will reduce the risk of monetary loss.
» Availability & cost of raw-materials.
» Demand
It may be safer to start from a small scale if you are unsure of your experience.

Mrsoft3:



For this budget I would just advice you to venture in to agro comodity trading.

You can buy/source for maize
Soybeans
Groundnut cake
Sorghum and deliver it to feed producing company. Get this commodity at a cheaper rate and sell to them, poultry and fishery is good but with that budget you can do better and make good gains.

You can target harvest period and buy cheaply, you can try sourcing from villages, get a central warehouse for lease and take it there. Finding buyers is not a problem in our feed milling industry, or even those in oil making industry.

DeejaywonDJ1:
Buy 1 acre of land anywhere you can get it below 200k per plot (1m).

Fence it with mesh wire (1m).

Build 2 brooding room for turkey, noiler and broiler at 1.5m (750k each) depending on the cost of materials and labour in you area

Build three 150 capacity turkey layers pen at cost cost of 1.5m (500k each).

Build 100 capacity goat pen at the cost of 300k (no need for flooring).

Build your water system (dig well and buy two submersible water pumps). 400k plus tank

Buy all the necessary poultry equipment which is less than 100k.

Buy 1 generator and plan for 2000w solar power 1.3m

Move in to one of your brooding room.

Buy 250 day old turkey (250k) and look around for mentorship, retain 100 females and 25 males and sell the rest. Repeat this continuously

Buy 70 female goat (doe) and 7 he goat cultivate 2 hectares for maize and alfalfa silage to feed them which will cost you less than 200k. 1m

The remaining cash and the six weeks you're selling continously will cater for you and your weekly budget till your first set of layers begins to lay. With over 600 layers at your disposal after the end of the first year you'll be making at least 800k weekly as profit after all expenses have been deducted. It's risky but you can minimize the risk if you don't welcome visitors in your farm or stay long in hatchery.

Don't hire any staff until your second year.

Exoticfarmer:
There are a few factors to be considered. The more lucrative an agricultural business is, the greater the skill required.
In a nutshell make your choice based on these:
» Your Knowlege and experience; This will reduce the risk of monetary loss.
» Availability & cost of raw-materials.
» Demand

It may be safer to start from a small scale if you are unsure of your experience.

Fish4wealth:
This is equally strongly supported by me... But just to add few complement..
Whatever business you must go into... TIME INVESTMENT is non negotiable especially in a terrain you had no experience neither skills nor ready made market..

As a farmer with experience in catfish and ugu farming alongside fish processing and exportation... I can speak authoritatively on both farming and agro commodity trading where you will have better information on the merits and demerits of both.
https://www.facebook.com/AgroWealthNG

You can visit the above link to know more.

Food insecurity is real, we need more people in the sector.

Exoticfarmer:
There are a few factors to be considered. The more lucrative an agricultural business is, the greater the skill required.
In a nutshell make your choice based on these:
» Your Knowlege and experience; This will reduce the risk of monetary loss.
» Availability & cost of raw-materials.
» Demand
It may be safer to start from a small scale if you are unsure of your experience.