Even though farming can be a very risky business to go into – especially in this part of the world, it is still a highly lucrative one. You don’t have to be a farmer before you can invest and get returns from farming. Now, thanks to some innovative minds, while sitting behind a desktop, from the comfort of your home, you can be involved in farming just as much, and get return-on-investment.
Have you thought about investing in agriculture in Nigeria? Or you’re confused on which platform to choose from? Look no further. In this article, we will discuss some of the best Agric investment platform to choose from, ROI for investors, period of cycle, and product list.
Farmcrowdy
Farmcrowdy is the first Agric investment platform to launch in Nigeria. It empowers farmers by providing them with improved seeds, farm input, modern farming techniques and provide a market for the sale of the farm produce.
- Website: Farmcrowdy.com
- ROI for investors: 6% – 25% (flat rate)
- Product listing: Maize, poultry farm, cassava, soybeans and rice.
- Range cost of farm products: ₦90,000 – ₦284,000
- Period of cycle: 5 to 12 months
- Risk mitigation policies: Insurance cover for initial sponsorship capital. Does not cover the return after harvest.
ThriveAgric
Thrive Agric launched in 2016. It is designed to crowdfund investments for smallholder farmers in form of inputs, market access, and tech-driven advisory.
- Website: Thriveagric.com
- ROI for investors: 6 – 25% (depending on the type of produce)
- Product listing: Poultry farm, maize, groundnut, sorghum, cassava, cowpea, soybeans and rice.
- Range cost of farm products: ₦80,000 – ₦260,000
- Period of cycle: Fixed between 3 to 6 months.
- Risk mitigation policies: Insurance cover to the tune of full capital invested, but not profit.
Growsel
Growsel is an agricultural crowdfunding organization that connects underserved Base of the Pyramid smallholder farmers with lenders around the world to alleviate poverty. Farm produce on the platform do not come with a predetermined cost. Farmers, instead, declare the cost of inputs they require, and investors provide a minimum of 10% on the capital till full amount needed for the input is raised.
- Website: Growsel.com
- ROI for investors: 5 – 20% (flat rate)
- Product listing: Ginger, maize, potato, tomato, cassava, soybeans and rice.
- Range cost of farm products: No predetermined cost.
- Period of cycle: Between 4 to 7 months.
- Risk mitigation policies: Insurance cover, which is usually a minimum of 3% and a maximum of 20% depending on the kind of farm.
Efarms
Incorporated as FoodBank GrowMore LTD, Efarms is determined to transform sub-Saharan Africa into the hub that feeds the world by serving as a link between small holder farmers and investors.
- Website: efarms.com.ng
- ROI for investors: 15 – 35% (flat rate)
- Product listing: Maize, poultry farm, cassava, pineapple farm, catfish farm, snail and soybeans.
- Predetermined cost of farmland: Yes
- Range cost of farm products: Unknown
- Period of cycle: Unknown.
- Risk mitigation policies: Capital back for investors, in the event of crop failure or disaster.
Agrecourse
Agricourse offer an alternative mode of investment to individuals and corporate bodies, where they can make exciting returns on their investment whilst also impacting lives of smallholder farmers by moving them from subsistence farming to commercial farming.
- Website: Agrecourse.com
- ROI for investors: 15 – 40% (flat rate)
- Product listing: Maize, poultry farm, catfish farm.
- Range cost of farm products: Unknown
- Period of cycle: 4 to 12 months
- Risk mitigation policies: insurance covers only the principal that has been invested and not the returns after harvest.