YOU BUY LAND ANYWHERE AND OWN A FARM. IT WILL SUPPORT NATIONAL ECONOMIC GROWTH.
With the global market price of oil declining, several governments are shifting their emphasis to new, mainly untapped revenue sources. Nigeria, as a country, has been tremendously impacted by this sad turn of events in the power industry, and as a result, it has reacted with a new course of action: agriculture.
The farming boom is presently on an overall rise, owing to the COVID crisis, which prompted individuals to turn to passive income options like as farm investment. Furthermore, a numerous studies undertaken along a diverse variety of marketplaces have shown that farmlands offer a large potential for investment and anticipated gains.
In recent years, celebrities such as Bill Gates who is a farm advocate, Harry Stines, and Aliko Dangote have expressed an interest in, and have invested in, farmlands.
Along with this, numerous millionaires hold farmland as an investment option since it provides an attractive portfolio and various qualities, as well as strong returns under present and future market situations.
Agriculture in Nigeria remains a very advantageous source of revenue for the country and Africa as a whole, owing to the amount of farmable areas and a growth in the number of annual newcomers. Because of the benefits the business provides, the government has taken an emergency measure to establish various strong offers for new and current farmers in the field.
The early adopters are likely to reap the most benefits and have a chance to own the upcoming huge industries that will employs a lot of people on the region in their successful organizations.
So here you have top 6 reasons you should be a farm OWNER now:
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The State Urgently Needs You To
Currently, the Nigerian government plus numerous other African countries are anxious for a large number of individuals and enterprises to start agricultural operations. This would assure that their country would have a consistent flow of money even if the cost of oil remained low or became extinct.
With an economic downturn and a slew of other unforeseen occurrences, the government makes it more simpler to get farm loans. People wanting to OWN A FARM or elsewhere in Africa now have better access to credit for fertilizer, equipment, land, and a variety of other items.
Effective utilization of the government’s appeal for individuals to create agricultural firms now is a wise decision, as the benefits will be dramatically decreased once a decent number of agricultural firms are successful.
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A Great Source for Intelligent Entrepreneurs
Conducting extensive market research to see if agricultural items are selling quickly or not will allow you to turn a profit before that area becomes overcrowded. Agricultural goods are essential to the world’s economy.
Many companies cannot run without them, certain countries cannot flourish, and people cannot feed themselves. Identifying a niche agriculture market to create high income would make a lot of individuals rich before others realized it was occurring.
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Employment
Agriculture continues to be a major source of employment in Nigeria. People who live in rural and sparsely populated areas rely on farmlands to sustain their way of life. While many farm workers work on huge farms, many households own small farms that they till on a regular basis.
With more products cultivated and marketed in global markets, the rate of unemployment will continue to fall and the living standard in Nigeria and other countries of Africa would rise.
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Food Abundance: That’s correct, you’ll never be hungry!
Owning a smaller or larger diverse farm would always assure that you never go hungry, even if you already have minimal cash to spare or in the account. Apart from meeting your personal dietary requirements, there are over 190 million Nigerians who consumes every day. The fact that the marketplace will always be hungry ensures that this income stream will never run dry.
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Land Appreciation
If you acquire a plot, two plots, or many hectares of farmland for your agricultural company, the value of your agriculture land will be several times the initial worth few years later.
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A lower level of risk
If there is no Fulani-herder issue and you do your agronomics very well, you should be fine with owning a farm.
Conclusion
With these facts in hand, the prospects that agriculture provides in Nigeria and other regions of Africa is great. In the coming years, it will bring thousands of employment.
