Although 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.
Do you know you can make money online 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 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.
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 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.
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.
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.
Other Agric Investment Platforms include:
EZFarming platform was launched in Q4 of 2018 as the 1 st Farm Accelerator that helps local African farmers finance their businesses fast and find produce buyers. … Farmers apply for fixed term loans and individuals and organizations around the world can invest in these loans.
Farmkart is an agric-tech platform where people can invest in livestock farming to increase local food production, support farmers and get returns on their investment.
PayFarmer is an online Agriculture marketplace that connects investors with real farmers who are ready to farm on a commercial scale with everyday people and investors who are willing to sponsor farm expansions in order to increase food production and promote job creation.
FarmFunded is an agritechnology crowdfunding company that is working to achieve to achieve food and financial security for Africans.
The above listed agriculture investment platforms meet some of the factors we listed above and hence making them top 10. This is in no way saying that we are responsible for any losses that come with investing with them.
The above 10 agriculture investment platforms are not just the best out there but based on our findings are trustworthy. There are several other platforms out there that are trustworthy too. So we advise that you do your due diligence and make investment wisely.