Crowdfarming, described as the future of Agriculture, is a new model in Agriculture that leverages on online platform to promote direct contact between farmers and food lovers. It is a new agricultural model which links farmers with the consumers and aims to revolutionize the food supply chain.
AgroDomain, an active integrated Pan African Start-up Agro Marketplace Platform, designed to cater for the end-to-end requirements of the agricultural value chain, is playing big in the Agriculture sector of Nigeria’s economy, deploying this Crowdfarming model to engender financial inclusion in the sector.
Experts and even farmers themselves believe that funding a farm is not always an easy task because of the enormous resources and capital consumed by personnel, equipment and raw materials. And that is why modern-day farming innovatively benefits from investment in the agricultural sector through what is today known as Crowdfarming and Funding.
Beyond the government’s periodic interventions, some Start-ups in the Agriculture sector like AgroDomain, are also doing a lot to encourage farmers to remain in business and ensure the financial inclusion effort of the government is extended to farmers.
AgroDomain has been using latest cutting-edge technologies to support every aspect of the agricultural value chain
AgroDomain’s Crowdfarming & Funding offering is specially designed to engender financial inclusion and to help farmers and agricultural value chain players gain easy, affordable and streamlined access to the funding they require to succeed.
The Crowdfarming & Funding offering by AgroDomain is further aimed at seamlessly connecting farmers with viable and profitable farm-related propositions to prospective investors thereby assisting in bridging the demand and supply gap in agro-financing in the country.
Since it was founded in 2019, AgroDomain has been using latest cutting-edge technologies to support every aspect of the agricultural value chain through creating products that enhance productivity and connectivity among every role player in the agricultural value chain.
The Crowdfarming model is one of those means funds are sourced from several individuals to invest in smallholder agricultural enterprises. In Nigeria today, this model is fast becoming the easiest means of investing in Agriculture, whereby funds are sourced from several individuals (in this case, the crowd) to invest in smallholder agricultural enterprises.
AgroDomain’s Crowdfarming & Funding offering is specially designed to engender financial inclusion
This model ensures that farmers are not only flexible to determine prices of their products and therefore, will have a better planning of their harvest and sales but there is always a demand from consumers and therefore, farmers produce directly.
With Crowdfarming, there is a lesser need for transportation and middleman warehousing. It’s easier for more people to buy fresh produce directly from the source and find out how their food is cultivated.
From all indications, it has become clearer now that Crowdfarming can be faster than traditional fundraising. And that is why this model is gaining popularity in Nigeria with Start-ups like AgroDomain leveraging on this model to source funds from several individuals to invest in smallholder Agric enterprises.
Visit www.agrodomain.com to know more about Crowdfarming and what you stand to gain by taking into this agriculture model.
