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How to stay longer in Agribusiness.
Agriculture is a very hideous practice, you see a lot of farmers looking older than their age and many times they even get frustrated out of it due to lack of support or a certain loss due to weather, attacks or swindle by off taker, do these
Start by specializing
Agriculture is a wide field and every single area is profitable, stress level might differ but as soon as you decide to go commercial you can not handle the work alone as a matter of fact you should not, you are a skilled labor, hire unskilled labor and direct them, tell them what to do, pick a field and know it through experience like the back of your hand, the season, when demand is high, what price it’s going for at every season, when to sell and when not to, be an expert, don’t choose because someone said, choose due to your ability, love or affiliation due to what is making money for you at the moment.
Register the business and structure it
Before you start at all get a name, register it under CAC as a limited liability company, get a lawyer hopefully a business lawyer, get an office or an official location set up and get secretary to stay while you move around
Start from the market
It is better to start from the market, trade these agricultural products before setting up the farm, if not you will invest so much in agricultural infrastructure and be frustrated out because you are chasing breaking even, start by being a middle man of that produce it cost nothing, study the market, look for buyers, and identify farmers producing and ready to sell at market prices and give you commission then you grow to become supplier getting LPO or standing order to supply, set up a standard office that is your address, client love structure business
Design the product
Set up a processing, storage or packaging plant, let you product be certified by necessary government bodies, let it be consumer safe and price friendly, let it be able to compete locally and internationally, there is nothing like luxury garri, if your garri cannot compete in the local markets you are selling for specific consumer but garri is supposed to be for everyone, there are 200million people in Nigeria, if you have just 5million consumers on your side daily, if your cost of production is 5naira and you sell for 7naira the local market price, 2naira into 5million consumer daily is good for you.
Do backward integration
You can now set up your farm, make it beautiful, don’t build just anything, follow specifications, add aesthetic so the farm staff will love to stay, farm staff works 24hours, this is 21st century, break it down, assign working hours and introduce shifts, don’t overwork them, let where they sleep feel comfortable, make sure you can sleep where you have provided for them to sleep, put all safety measures in place
To be continued…

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