SaintHilary:
After reading 849pages in 2days, I must b loyal to all d silent big men in dis thread...Ena dey call money like say na person name and person busy dey argue for Ashawo thread
But that wont stop me from investing my small 200k in the next auction though
Rome wasn't built in a day...ena too much abeg!!!!

.....ashawo thread got me.

Acidosis:


Bro, these options are everywhere o (I just mentioned two). I usually don't recommend because I don't want to be held accountable for any glitch (our choices should be based on our risk appetites).

Nevertheless, you can look up the two previously mentioned options. I'm also an ardent fan of credible fintechs, especially Agric fintechs like Farmcrowdy (now Crowdyvest), and financial tech firms offering fixed deposit investments. An example is Paylater (now Carbon). Carbon offers fixed deposit for very short tenors like 3 days, 7 days, 14 days, 1 month.

Personally, if I have access to a big loan with a flexible repayment term, I will look the way of Farmcrowdy reason being that their interest rates are not annualised like TBills or Fixed deposit. 15% is 15% whether it is 3 months, 6 months or more [no tax, no deductions; same model with Pork Money, however, tenor is fixed 11 months]

You can check the website or download Farmcrowdy App on playstore. You can also follow these guys on Facebook, read more about them and make your decision.

Insightful response as always. People fancy tbills mainly cos of capital preservation, and I'm sure if there is any offering to similar to it with a mild risk, people would diversify.

Digital farming is a thing now but the terms of sponsorship on Farmcrowdy was just a bit scary. They just match farmers to sponsors but I'm not sure of how well they hold the farmers accountable. I love the business model. Have you sponsored any farms successfully?

Diversification is the key in investment as long as you know the right places to invest.

Bamz:


Insightful response as always. People fancy tbills mainly cos of capital preservation, and I'm sure if there is any offering to similar to it with a mild risk, people would diversify.

Digital farming is a thing now but the terms of sponsorship on Farmcrowdy was just a bit scary. They just match farmers to sponsors but I'm not sure of how well they hold the farmers accountable. I love the business model. Have you sponsored any farms successfully?

Diversification is the key in investment as long as you know the right places to invest.

This right here is the crucial problem.

Even the federal government couldn't hold farmers accountable with the BOA loans they gave out recently.

It looks promising, but I'll personally sit it out a while and see how it pans out.

koonbey:


This right here is the crucial problem.

Even the federal government couldn't hold farmers accountable with the BOA loans they gave out recently.

It looks promising, but I'll personally sit it out a while and see how it pans out.

Oh thanks for your input. The terms of sponsorship just seemed to absolve the company from any eventualities. Lol. Another one is Farm Republic and they'll be starting up soon.

I actually have someone to get me farm produce if I was serious about that kind of thing but transportation seems like where all the risks lie.

Ibk2020:



pls is the recent secondary rate, more better than recent primary auction rate?


pls I need answer

pls I need answer

Bamz:


Insightful response as always. People fancy tbills mainly cos of capital preservation, and I'm sure if there is any offering to similar to it with a mild risk, people would diversify.

Digital farming is a thing now but the terms of sponsorship on Farmcrowdy was just a bit scary. They just match farmers to sponsors but I'm not sure of how well they hold the farmers accountable. I love the business model. Have you sponsored any farms successfully?

Diversification is the key in investment as long as you know the right places to invest.

I think you're right about accountability issues with Farmcrowdy. I haven't taken out time to read their terms, no plans (money) to sponsor any farm at the moment. But I think Pork Money has better conditions in terms of engagement and accountability.

I may be wrong but I think they manage their farms at Oke-aro pig farm (largest pig farm in West Africa) directly without third parties. And just about a year or thereabout, they launched another enterprise called Porkoyum where they process pork into sausage and bacon, and these products are readily available in some supermarkets [They even delivered some at my doorstep sometime last year free of charge]. This is only possible through a direct involvement in the whole value chain.

Let me also state that when it comes to packaging and excellent service, Pork Money is the real deal. These guys deliver everything from contract of sales, certificate of involvement, etc to your door step. You also get an online page to view and monitor the growth of your investment for 11 months.

To add to the above, their packages are insured by NAIC (Nigerian Agricultural Insurance Corporation), although like many of these Agric techs (like Farmcrowdy), this insurance thing is somewhat unclear, we don't get to see the details of the policy. So yeah, it takes some level of courage to deal for obvious reasons (risks).

Please, I am interested in investing in Stanbic IBTC TBill. When is Stanbic having their next primary auctions?

Bamz:


Insightful response as always. People fancy tbills mainly cos of capital preservation, and I'm sure if there is any offering to similar to it with a mild risk, people would diversify.

Digital farming is a thing now but the terms of sponsorship on Farmcrowdy was just a bit scary. They just match farmers to sponsors but I'm not sure of how well they hold the farmers accountable. I love the business model. Have you sponsored any farms successfully?

Diversification is the key in investment as long as you know the right places to invest.

I have successfully invested in farmcrowdy... Infact their unction around April there about at 50k+ per unit forabout close to 2k available units finished in less than 12hrs most from the morning of that day(8am-10am).

But unlike the last unction.. It was available for over 48hrs maybe even till now..

The reason I won't be investing again as I await my current sponsorship is their low interest percentage...

Their website will offer you 14percent or even 15percent for sponsoring a farm for 9months depending....
Then when you're about to buy.. You will be charged 2percent or 3percent commission . So if you do your maths.. It is basically around 11-12 percent.... Think the risk involved also...

At a point I thought to myself this guy's might even be investing some parts of the money on T-bills or financial institutions ...
This is for exclusive farmcrowdy Infact I have their mobile application..

There are others I'm looking at that doesn't charge such commissions... However I'm awaiting someone's testimony before investing in such... (eg ThriveAgric and many others)

I need to invest in Stanbic IBTC Bank, it seems they have the best interest rate. When is their next primary auction

Ibk2020:


pls I need answer

Secondary rates vary per bank unlike primary rates, so if u need to do a comparism U may need to visit as many banks to get their secondary rates.

Hallenjay:
I've 100k for Start now... Do they accept dat and opening a new account for dt purpose, hope there's no conditions dt I'll av. To wait for certain year or months

Do not know Stanbic minimum amount for TB. I have always done above 100k. You need to first of all open an accoint with them before you can do TB. You can open a Savings account. The minimum amount for that should be 1k or 5k. You can also send a mail to their customer care for detailed information. They respond very fast to enquiries. Check their website for the customer care email.

Hello fans, I know this might not be the thread for it but as for me so far,farmcrowdy have kept to there words as per paying on time. I have been with them since last year.... doing business with them in terms of sponsoring and I mix it with mutual fund. so far this are my two investment portfolio. so I'll say they're ok for business. good luck to the newbies

we can also open a thread for them in nairaland and tag it Digital agric farm were we discuss all and any type of digital agric farm business

handsomebolanle:


I have successfully invested in farmcrowdy... Infact their unction around April there about at 50k+ per unit forabout close to 2k available units finished in less than 12hrs most from the morning of that day(8am-10am).

But unlike the last unction.. It was available for over 48hrs maybe even till now..

The reason I won't be investing again as I await my current sponsorship is their low interest percentage...

Their website will offer you 14percent or even 15percent for sponsoring a farm for 9months depending....
Then when you're about to buy.. You will be charged 2percent or 3percent commission . So if you do your maths.. It is basically around 11-12 percent.... Think the risk involved also...

At a point I thought to myself this guy's might even be investing some parts of the money on T-bills or financial institutions ...

This is for exclusive farmcrowdy Infact I have their mobile application..

There are others I'm looking at that doesn't charge such commissions... However I'm awaiting someone's testimony before investing in such... (eg ThriveAgric and many others)

By investing in TBills, they would record huge losses. TBills offer only annualised interest rates.

I think we just have to agree that farming (agriculture) is highly rewarding. They're simply offering what the banks failed to do over the years, and sponsorships are based on designated locations/farms. They don't simply sit in air conditioned rooms like bankers, their agents are on the field

If you read Farmcrowdy's new terms, you would notice they're diversifying from Agriculture to other sectors like transportation (another highly rewarding sector). They've also coined a new name to this effect.

Absence/lack of a strong regulatory government body like CBN or SEC is the major threat ahead.

Acidosis:


By investing in TBills, they would record huge losses. TBills offer only annualised interest rates.

I think we just have to agree that farming (agriculture) is highly rewarding. They're simply offering what the banks failed to do over the years, and sponsorships are based on designated locations/farms. They don't simply sit in air conditioned rooms like bankers, their agents are on the field

If you read Farmcrowdy's new terms, you would notice they're diversifying from Agriculture to other sectors like transportation (another highly rewarding sector). They've also coined a new name to this effect.

Absence/lack of a strong regulatory government body like CBN or SEC is the major threat ahead.

If T bills offer 14percent for 12 months... And they give 12-11percent for 9months..
I don't think this will make much difference..
Likewise T-bills gives me my investment upfront which means I can also reinvest my profit...
Unlike T-bills.. You won't be able to liquidate your cash incase of emergency...
My point is that "They won't necessarily make a loss"...They hold so much capital

handsomebolanle:


I have successfully invested in farmcrowdy... Infact their unction around April there about at 50k+ per unit forabout close to 2k available units finished in less than 12hrs most from the morning of that day(8am-10am).

But unlike the last unction.. It was available for over 48hrs maybe even till now..

The reason I won't be investing again as I await my current sponsorship is their low interest percentage...

Their website will offer you 14percent or even 15percent for sponsoring a farm for 9months depending....
Then when you're about to buy.. You will be charged 2percent or 3percent commission . So if you do your maths.. It is basically around 11-12 percent.... Think the risk involved also...

At a point I thought to myself this guy's might even be investing some parts of the money on T-bills or financial institutions ...
This is for exclusive farmcrowdy Infact I have their mobile application..

There are others I'm looking at that doesn't charge such commissions... However I'm awaiting someone's testimony before investing in such... (eg ThriveAgric and many others)

Exactly..

That really discouraged me from the farmcrowdy thing.

When I saw the commission and all.. I just looked the other way.

There are a lot of the fintech guys this days.. Agrorite, Farmgate and all, and I notice the ROI keep reducing with new offers for the same farm.

michael18:
we can also open a thread for them in nairaland and tag it Digital agric farm were we discuss all and any type of digital agric farm business

That's a good one.

Would be looking forward to the thread

Please guyz...when is the next tbills auction for primary market?

One of my TB investments with FirstBank matured on the 10th of August, but I haven't been credited since then. Does it mean that matured Tbills aren't credited on weekend/public holidays? I thought it was supposed to be an automatic process...

NL1960:

Do not know Stanbic minimum amount for TB. I have always done above 100k. You need to first of all open an accoint with them before you can do TB. You can open a Savings account. The minimum amount for that should be 1k or 5k. You can also send a mail to their customer care for detailed information. They respond very fast to enquiries. Check their website for the customer care email.

thanks so much. I really appreciate

pxjosh:
One of my TB investments with FirstBank matured on the 10th of August, but I haven't been credited since then. Does it mean that matured Tbills aren't credited on weekend/public holidays? I thought it was supposed to be an automatic process...

I'd advice u hold on till tomorrow to confirm ur suspicions.

enque:


Secondary rates vary per bank unlike primary rates, so if u need to do a comparism U may need to visit as many banks to get their secondary rates.

Even primary rates very per bank too. Its bidding remember. If Bank A bids 10%, Bank B bids 10.3%, Bank C bids 10.50% and CBN rate is 10.50%. All the bids will go through but Bank C will have the highest rate. My opinion.

enque:


I'd advice u hold on till tomorrow to confirm ur suspicions.

Okay. Thank you

michael18:
we can also open a thread for them in nairaland and tag it Digital agric farm were we discuss all and any type of digital agric farm business

Great idea

CBN May Raise Rates at Today’s N34.38bn T-Bills Auction
https://businesspost.ng/2019/08/14/cbn-may-raise-rates-at-todays-n34-38bn-t-bills-auction/

Please, who was the person you quoted?

utepu:
Bro, what are your strategies? Please share as I am tired of bad tenants

Done that already

temi4fash:


That's a good one.

Would be looking forward to the thread

https://www.nairaland.com/5358517/digital-agric-fam#81238767

How can we buy ,the process, requirements and process thanks

handsomebolanle:


I have successfully invested in farmcrowdy... Infact their unction around April there about at 50k+ per unit forabout close to 2k available units finished in less than 12hrs most from the morning of that day(8am-10am).

But unlike the last unction.. It was available for over 48hrs maybe even till now..

The reason I won't be investing again as I await my current sponsorship is their low interest percentage...

Their website will offer you 14percent or even 15percent for sponsoring a farm for 9months depending....
Then when you're about to buy.. You will be charged 2percent or 3percent commission . So if you do your maths.. It is basically around 11-12 percent.... Think the risk involved also...

At a point I thought to myself this guy's might even be investing some parts of the money on T-bills or financial institutions ...
This is for exclusive farmcrowdy Infact I have their mobile application..

There are others I'm looking at that doesn't charge such commissions... However I'm awaiting someone's testimony before investing in such... (eg ThriveAgric and many others)

Sorry to digress a little. I have invested in Farmcrowdy and ThriveAgric over time. I agree on their low interest rate but on commission I beg to differ. Having received my cashouts, no deductibles so far.

On policy terms, in case of any negative outcome, your capital is preserved. I hope this helps.

sorry for the digression once again

I do not understand all this agric tech guys in TB thread. Create a forum for that pls. Stop converting this thread to some kind of tech and agric pls.