How To Invest In Rice Farming In Nigeria

Tuesday, April 20, 2021

April 20, 2021

How To Invest In Rice Farming In Nigeria

No business can be started without a proper business plan. Rice farming is undoubtedly one of the most profitable and lucrative business ideas in Nigeria.

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How to invest in rice farming in nigeria. 10 - 7 months 25 returns in 7 months212 days 50000 0 units left Closed. Varieties of rice including ofada rice fadama rice faro 44 lowland rice and upland rice are commonly planted in Nigeria. Like I always advice you the first requirement to succeed in any business venture is a bankable and realistic business plan.

15 20 Product listing. A 110-pound 50 kg bag of rice sells for any between 10000 to 12000 in Nigeria today. Rice farming is undoubtedly one of the most profitable and lucrative business ideas in Nigeria.

If you want to stay in the rice farming business for long it is advisable that you select a site in ecological zones where rice is grown traditionally. Payfarmer offers compelling potential to both the farmers and investors. HOW TO START RICE FARMING To begin farming you will need to buy or lease a flat land composed of a good amount of clay and organic matter loamy soil.

Congratulations you can now monitor your investment and farms progress on a go. Rice farming is straight forward and requires not much expertise anyone can cultivate and harvest rice irrespective of your experience and background in rice. This plan will also be your guidance for your own rice farming in Nigeria.

You should think carefully about many things before you take some action. It could be in the east north south or western part of Nigeria. A 110-pound 50 kg bag of rice sells for any between 10000 to 12000 in Nigeria today.

Maize pig farm tomatoes catfish poultry farm cassava soya beans pepper and rice. 50 PROSPESCTS OF RICE FARMING IN NIGERIA The prospect for rice farming in Nigeria is very bright if anumber of factors are tackled seriously these are. Land clearing and development under irrigation should be given serious attention.

Make payment and enjoy high returns based on the duration of each farm you opt to invest in. Range cost of farm products. Land tenure system should be reviewed so as landownership can be access with ease.

As a wholesaler or distributor you can obtain a bag of rice for 8000 8100 or possibly at a lower rate from your suppliers. 6 requirements to start rice farming in nigeria 1. As part of the governments efforts to ensure adequate food supply to her citizens Rice farming is also one of those farm investments government is willing to support by borrowing money and logistics to any farmer who is willing to embark on it which is a very great advantage for a would be Rice Farmer.

50000 75000 Investment cycle. Also to keep up the nutrient of the farmland legumes should be planted on the land after the rice planting season. Rice can be boiled and consumed with sauce or be made into snacks such as fried stuffed rice balls rice Krispies rice pancakes rice cakes puffed rice etc.

Although the sector was largely dominated by subsistence farming with improved seedlings modern farming methods and better weather forecasting. Rice Paddy Aggregation Investment Plan RPAIP. To have a successful rice production in Nigeria the choice of land that you use in planting your rice REALLY matters.

Dangote to Invest 46bn in Sugar Rice and Dairy Production. If you are looking to invest in Nigeria the largest Economy in Africa you should consider rice farming which is the most profitable in the Agriculture sect. Nigeria is blessed with large tracts of arable land which makes agriculture an important sector of the economy with high potential for employment generation food security and poverty reduction.

6 to 7 months depending on the farm you select The Nigerian Agriculture Insurance Corporation insures E-Farms Nigeria. As a wholesaler or distributor you can obtain a bag of rice for 8000 8100 or possibly at a lower rate from your suppliers. Any professional business plan should include.

The land should not be acidic and should have good water retention capacity.

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