I want to invest 1 million naira in agric business next month. I will be based in the north (Kano).

Crops or livestock, something that will start returning money within 6-9 months.

What do you recommend and why?

Thank you.

Following

Rear livestock and sell it here in the east.

restored2016:
Rear livestock and sell it here in the east.

what type of livestock are in demand?

I know people usually talk about transporting livestock to lagos. But to the East? Which city are we talking?

bethnals:


what type of livestock are in demand?

I know people usually talk about transporting livestock to lagos. But to the East? Which city are we talking?

Hausa Goats! And its hot cake here in PH.

restored2016:
Hausa Goats! And its hot cake here in PH.

What prices are we talking? Are you based in PH? Are you involved in the trade already?

bethnals:


What prices are we talking? Are you based in PH? Are you involved in the trade already?

Am not in the trade yet but planing to start by november after the raining season. A medium size goat bought at Jigawa state at #7,500 and fed well for 3 to 4 months can be sold at #19,000-#21,000( sell off price) here in PH.

veggie :cucumber, lettuce,carrot, onion squash etc.

bethnals:
I want to invest 1 million naira in agric business next month. I will be based in the north (Kano).

Crops or livestock, something that will start returning money within 6-9 months.

What do you recommend and why?

Thank you.

My advise for you is to go and keep your =N=1m naira in Treasury Bills.
Go and search for any agric business you want to focus on.
Learn the secret of the trade with someone that is already established in the Business and already a success.
You wont ask the above question after 3/6 months of learning.... Seek knowledge first.

Willie2015:


My advise for you is to go and keep your =N=1m naira in Treasury Bills.
Go and search for any agric business you want to focus on.
Learn the secret of the trade with someone that is already established in the Business and already a success.
You wont ask the above question after 3/6 months of learning.... Seek knowledge first.

Well thats what i want to do with this 1 million learn. But where does one go? is it to attend one of these seminars or what.

Where actually do you find the information on how to buy/lease land? Does government lease land to farmers? If so how do you access it. What are the breakdown input costs i.e. how would you spend the 1 million naira? what is the potential output? etc etc

Money is the relatively simple part. The harder part is knowledge and a practical plan.

Are you involved in the farming business?

bethnals:


Well thats what i want to do with this 1 million learn. But where does one go? is it to attend one of these seminars or what.

Where actually do you find the information on how to buy/lease land? Does government lease land to farmers? If so how do you access it. What are the breakdown input costs i.e. how would you spend the 1 million naira? what is the potential output? etc etc

Money is the relatively simple part. The harder part is knowledge and a practical plan.

Are you involved in the farming business?

Start with the internet, agric sites, nairaland etc.

There are enough information on Nairaland alone on different agric biz if you can take your time and read. Choose an aspect to focus on.
After that, you look for farms around you that you can work/train with them for some months. From your training, you will know your inputs, markets, strategy, environment, output and be able to develop your business plan for your project. U will get knowledge by reading wide and experience by working for some months on a farm. U will get practical plan by putting your knowledge and experience into a Business Plan.

Are you involved in the farming business? Yes