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Nairaland Forum / Nairaland / General / Agriculture / Guides To Profitability In Farming (754 Views)
Profitability Of Broilers & Layers Production. / The Cassava Story. Profitability And Loss Theory / Guides To Profitability In Farming (2) (3) (4)
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Guides To Profitability In Farming by Tmex(m): 8:56pm On Jun 30, 2014 |
(1) PASSION. To get involved in farming business, you should check yourself if you are can actually still Stick to the bz like its not for profit making,it should be more of it being an hobby before it bcomes a business, as u ll tend to expend more effort on your hobby (2) GET EXPERIENCED. In Agro bz just like in any other one you can't get fully experienced because of variations in season and other factors which might not always come same way they came in past tyms. Nonetheless there's still the need to get some level of experiences to get started, and this could be through books, blogs online publications etc. (3) FUND SOURCING. Unlike many other business where its easy to get started whilst in search of Money,in Agric such moves could be disastrous. Hence the need to get your funds ready before Kicking off any Agro-bz. (4) KNOW YOUR MARKET. Do a comprehensive feasiibility report that clearly indicates your target Market, the cost of production, current market price and the suppose returns on investment as this Will help to have a clearer understanding of the business. (5) FARM SITATION. Farms should be sited free of disturbances like residential areas because overtime the farm could be a big threat in the neighbour-hood, a place not too far from a village is desirable For the sake of security and to fetch workers, factors such as direction of light also need to be need to be considered. (6) MANAGEMENT. Proper management Is the process through which 1-5 are adhered to in order to Prevent theft and disease |
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