• Thursday, March 28, 2024
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Farming areas with over 20% return on harvest ahead

Farming: A tale of untold African story

While you may have missed some investment opportunities that propped up in May, cool offers are not over. You only need to identify where they lie. While you may have missed some investment opportunities that propped up in May, cool offers are not over. You only need to identify where they lie.

May, for instance, witnessed the selling out of sponsorship in a major wet-season crop farming, maize, on one of the biggest digital agricultural investment platform.

The investment pegged at N60, 000 per unit promised a 22 percent (N13, 200) return on sponsorship, amounting to a total payback to N73, 200. The duration was nine months and the location, Nassarawa.

The sponsorship cares for renting of the plots of land, insurance throughout the farming cycle, farm inputs including high-quality seeds, fertilizers and farm tools as well as farmers labour.

“We have decided to grow our Maize farmers impact with 2,000 new maize farmers joining us in Pampaida, Kaduna to work on 5,000 Acres of Maize farms in 2018 in partnership with key stakeholders like African Exchange Holdings,” FarmCrowdy.

But in July you can look forward to investment in Ginger. The cycle is 8 months and the farm location is Kurmin Dangana, Kaduna state.

This farm cycle will cover farm operations activities such as weeding, mulching, fertilizer application, herbicides and close monitoring by technical field specialists to ensure healthy performance of the Ginger crop.

The sponsorship is divided into 3-tier categories in order to allow people crowd-farm and fund different farm operations that happen at the stages of the crop cultivation.

Under this, the first cycle is planting and input stage, core-farming activities second and post-harvest and storage stage.

According to the Food and Agricultural Organization of the United Nations, Statistics Division (FAOSTAT), Nigeria is the second largest producer of ginger as at 2016.

Ginger is used for many things like herb for medicinal purpose, preservative, spice, tea and coffee. It can also be processed into various products namely, ginger oil, ginger Oleoresin, ginger candy, ginger soft drink, ginger shreds, ginger pickle and ginger chutney.

On Thrive Agric, investment window is still open for maize farming in Kaduna N62, 000 pegged for a unit. The duration is equally 9 months, with a profit margin of 20 percent.

The 30,000 acres is insured and located in Soba, Ikara, Kudan, Tudun Wada, Makarfi, Kubau and Sabon gari Kaduna State Farm.

The interesting thing about maize farming and production is that it has become a high-potential business opportunity in Africa. From a seed of maize, 500 kernels could be harvested.

As population continues to grow rapidly over the coming years, the demand is expected to shore up. Nigeria remains Africa’s largest producer with nearly 8 million tons produced per annum. It is closely followed by South Africa, Tanzania, Kenya, and Uganda. The United States remains the world’s largest producer with 42 percent of all maize produced globally.

Farm sponsor has its poultry investment open with 15 percent return on maturity. The duration of the 15th sponsoring window is 12 weeks.

More opportunities will be arriving month by month. It only needs a close tab.