To those in the industry farming is a way of life. Yet as farms consolidate and city populations grow the farming lifestyle is becoming more and more unique. As special as this way of life is to Nigeria’s farmers at the end of the day you have to pay the bills. This is true for the farmer in the field as well as the investor looking to diversify. There are series of ways on investing in Agriculture and make money in agriculture.
Actively Farming / Harvest Yields
Let’s get the obvious one out of the way. Farming is as traditional a job as there is yet the number of farmers as a percentage of population is declining. This cannot be said for the number of mouths to feed.
There’s plenty of opportunity and personal reward that comes from being a farmer. Keep in mind the challenges associated with this way of life. Expect long hours and high upfront costs when starting out. You can also expect to wear several different hats just to keep your operation going.
Although corporate farms and small holder farms are on the rise, don’t step into this arena lightly. Getting the most out of a farm takes an experienced farmer with an eye on the bottom line.
Crowdfunding gives you room to leave the farming to the farmers but allow your investment to directly help them grow their operation. You can do this while enjoying the passive income that this new asset class offers.
You don’t have to be a farmer to work in agriculture. Consider the following careers…
- Ag Economist
- Crop Insurance Agent
- Agro Sales Manager
- Buying Agent/Agency
- Ag Operations Manager
Much like farming crops, raising livestock can be highly rewarding and it comes with its own unique lifestyle. Prepare yourself for manual labor and high upfront costs. You will have to contend with the operational challenges of a farm as well as the marketing challenges. Trade wars and market swings, not to mention weather concerns, will all play a role in your ability to produce a meaningful income.
P.S This isn’t a complete list but maybe it will get you thinking about how you can enter the agriculture market. There are many challenges but there are no shortages of opportunity.