As earlier indicated in the Egusi thread, i will be providing alternatives to melon purchase here.

Please bear with me as my schedule may be tight sometimes but i will try to handle all questions as quickly as possible

Commodities to be introduced are

1. Sesame
2. Millet/Sorghum
3. Guinea Corn
4. Maize
5. Rice
6. Pepper(Dried)
7. Yam
8. Locust beans
9. Ginger
10. Soya
11. Beans

I have deliberately omitted some and will come back to them later.

Over the next couple of days/week, i will try to discuss the options and possibility of sharing in the wealth available within the agriculture value chain

Nice one.......
We're waiting cos it's VERY IMPORTANT

we are eager to here from U thank

Like all markets, commodity prices will rise and fall based on demand and supply. However in addition, commodity prices are influenced by international prices if any,technological improvement and direct governmental influences/policy drive.

Let's also not forget environmental factors which are most times beyond our control

Factors that are common with all agriculture commodities.

1. They are cyclical in nature:- meaning supply will always be high at peak period during harvest, low at intervals and end up back at the surplus stage

2. They all have agreed existing entry price range at the point of sale which is mostly the market. There is need to specify here that there is a difference between farmgate price and market price.

3. Prices are always lower at harvest and higher at intervals between then and the next harvest.

Slight exceptions exist for crops that are farmed throughout the year via irrigation

4. All farm produce\commodity have a life span determined by their variety and are all perishable

There is a need to specify here that commodity storage is universal and is practiced outside the shores of Nigeria.

All countries store/warehouse in order to help regulate prices in periods of scarcity. The only difference here is that we have little or no interference by government in price regulation as regards farm produce in Nigeria.

This is obviously noticeable in the price fludity we experience year round

The Agriculture value chain includes

1. Seed company
2. Farmers
3. Marketers/Middle men
4. Processors
5. Distributors
6. Retailers
7. Consumers

Operating in any of this value chain assures you of profit. However the margins differ based on the level you operate in

I have carefully left the logistics level which interconnects all the sectors

Following sir

Following sir...

Of all the levels in the value chain above, level 3-5 make the highest return on investment (ROI). In most cases,they also hold the commodity for the shortest time frame and often experience immediate profit or loss as the case may be.

Of those three levels, the marketers/middlemen are king, often times dictating the price especially if they have stakes in the other levels as well

Having experienced being an investor in Level 1 and currently functioning in Level 2.

I have never felt more convinced that level 3 holds the survival to any agro-allied business.

Even in the everyday business, the marketer is king.

Only sales bring about profit.

No matter how much a farmer invest in his farm, he is often curtailed by the antics of the marketer who aims to take the largest chunk of the eventually sale amount.

Excerpts from the financials records of brewing giants, Guinness Nigeria show a loss in revenue due to drop in sales. PZ also just posted loss due to similar circumstances necessitated by shortfall of forex.

What am i trying to point out?

1. We are officially in a recession
2. It may get worse before it gets better hence we may experience a great depression.
3. Regardless of your financial capacity/prowness, pumping funds into particular sectors will not guarantee you wealth during this season

The two strongest sectors during a recession are the:

1. Food sector: we all most eat, whether we like it or not. It is a necessity.

2. Transport/Logistics: we are likely to dump our heavy V6 and V8 engines for cheaper means of transportation. Either way though, the food srctor is heavily reliant on logistics so it is bound to sustain the recession

Farming in itself ought to sustain the farmer and assure him of good profit. However that has not always been the case as most farmers tend to make little or no profits for toiling day and night.

Most take loans to plants,thus the output already has a fixed price lower than prevailing market price.

Others just sell at farm gate price just to meet pressing family issues due to abject poverty.

Yes. We have made giants stride this years as regards agriculture though it has started impacting positively on our GDP.

What we have been able to create are more internet farmers who use logic rather than practices in arriving at results.

I will cut the long talk and get down to the point where most are eager to hear.

How do we make money off the value chain?

How do we get invest without necessarily getting our fingers burnt (not that you really want to get any other part burnt).

Just like the stock market, the agro commodity market is there for you to play in. The only difference is that this market runs a cycle and timing and experience is crucial

In the last 3 years, all commodities listed earlier have consistently appreciated by 50-100% from their initial farm gate price.

That is verifiable and i can give you prices for all. It's a norm. Prices will always rise to fall then rise again.

Whether Egusi, Soya, Maize, Sorghum, Sesame etc. They all change prices.

Egusi within July-Aug has already moved from 18k- 32k as at yesterday. Of course this does not guarantee you continuous increase.

The choice is ultimately yours to know when to enter and when to exit which is also largely dependent on the quantity purchased

Some commodities move faster in tonnes, others will move in bags easily.

The secret is being able to match your sale capacity always

As we enter into the final phase of the planting season and await the next set of harvest. Another set of opportunity will be created for would be investors in the Agric value chain.

It is not for the faint hearted but i can assure you, it's a risk worth taking.

I have decided to divide the commodities into three tiers so its more organised and people can align with where they fit best.

I will also try to talk a little about each commodity so we understand its uses too

Provision will also be made for exclusive investors who can choose to sign up for guaranteed profit which is above existing rate of inflation. This group of people are entitled to a MOU and agreement by our lawyers

All investors are required to do their due diligence b4 investing especially for those planning to sell on their own.

I have tried to place commodities into 3 tiers

Tier 1(Mainly Export)
1. Sesame
2. Ginger

Cashew and some others fall into this category but i have only done at expetimental level so i will update when i have full details

Tier 2(Feedmill sector/Livestock)
1. Maize
2. Soya
3. Guinea Corn
4. Sorghum
5. Corn bran

Tier 3 (Retail/Consumer Commodity)
1. Yam
2. Beans
3. Rice
4. Egusi(melon)
5. Pepper (Dry)

Exclusive
1. Locust Beans

I am just going to take it as it comes so will indicate the best time of purchase (Entry period) for the commodities list

1. Sesame. Nov- Jan
2. Ginger. Oct- Dec
3. Sorghum. Nov- Dec
4. Soya. Nov- Dec
5. Guinea Corn. Dec- Jan
6. Maize. Sept - Nov
7. Corn bran. Aug- Dec
8. Yam. Oct- Feb
9. Beans. Nov- Dec
10. Rice. Oct- Dec
11. Pepper (Dry) Oct- Dec
12. Egusi(melon) Aug- Sept

Ride on sir, you are doing a great job. May the good lord bless you.

Seatbelt fastened. More power to your phone Op

Olayimikami:
As earlier indicated in the Egusi thread, i will be providing alternatives to melon purchase here.

Please bear with me as my schedule may be tight sometimes but i will try to handle all questions as quickly as possible

Commodities to be introduced are

1. Sesame
2. Millet/Sorghum
3. Guinea Corn
4. Maize
5. Rice
6. Pepper(Dried)
7. Yam
8. Locust beans
9. Ginger
10. Soya
11. Beans

I have deliberately omitted some and will come back to them later.

Over the next couple of days/week, i will try to discuss the options and possibility of sharing in the wealth available within the agriculture value chain

nice job, I can relate to this , please can you share your contact?

Where's the Op?

Will briefly talk about two commodities

Yam
Yam comes in different varieties. Understanding the types and their shelf life is essential in making profit in the business. Most yams should however have a shelf life of 2-6 months depending largely on when it was harvested

Yam can be sourced from Benue, Nasarawa, Taraba , Oyo/Kwara at much cheaper prices than other locations when in season

Common factors to consider before purchase

1. Always identify the variety consumed in your locality before purchase
2. Start small if new to the venture
3. Preserving over a period of 4-6 months takes conscious effort. Dont dump and think you will make profit after 6 months
4. Credit facility is a no-no. Do not accpmodate it at all
5. Identify your market
6. Understand the value chain and always have the capacity to sell what you are buying

Opportunities will be availability for lagos clients that want to do pick up in lagos before payment (Terms and conditions apply). I will try to upload pix from which selections can be made and pick up will be done in lagos.

Only ejigbo-isolo has been signed up now but will update once more areas are available

Minimum order is 100. Max is 2000 for now. Deliveries will be done once the minimum truck capacity is achieved. Please note that prices will reflect cost of logistics but will be relatively cheaper than average prices within the locality.

Yams will be made available starting december except there are special demands

For those interested in options outside lagos, vehicles to Benin and Port Harcourt are also available.

For those who want to make invest/experiment in distibution hubs and have a flair for the biz, you can pchat

Varieties available here are
1. Paper
2. Makakusa
3. Gwagwa
4. Alushi
5. Amee

ogene70:


nice job, I can relate to this , please can you share your contact?

You can pchat or reach me via 07054515851. Send your whatsapp number/ handle and i will add you up

Tyche:
Where's the Op?

Right here where you left me

Olayimikami:


Right here where you left me

Bro, we been waiting on you like the second coming. We are ready for the lecture man

Beans
Cowpeas/beans is a our major source of protein, a legume enjoyed by many. It falls into the category that can be easily retailed in the open market. They come in different varieties which have varying protein content and price valuation.

The two major colour available in this part of the world are
1. Brown
2. White

All coming with diverse local names like "Honey", "Orobo", "Company" etc. The seed quality and market demand determines the pricing.

Value of maize short up from 8k to 34k a bag last year and there is likely to be a repeat as farmers went for alternative crops to meet demand gaps

What is predominantly grown up north is the white beans, however there are few regions that plant brown beans which is highly priced

Preservation is key if you are to make any money at all in beans storage. It's a make or mar biz as you can lose all your money including the capital if you do not adhere strictly to preservative methods

Once infested, commodity loses value instantly so preparing storage mechanism before purchase is key.

Op, do you have practical experience on the preservation? Same goes for other readers.
I emphasized on the word practical as there's no room for theory in this one.

Tyche:
Op, do you have practical experience on the preservation? Same goes for other readers.
I emphasized on the word practical as there's no room for theory in this one.

Cant say i have all the experience but i have learnt to work with locals and market players for synergy.

I believe collectively we achieved more.


I have operated on two or three levels of the value chain and i recognise all levels have their peculiar challenges.

As we deepen the discuss, i am sure we will arrive at solutions to mitigate some

Olayimikami:


Cant say i have all the experience but i have learnt to work with locals and market players for synergy.

I believe collectively we achieved more.


I have operate on two or three levels of the value chain and i recognise all levels have their peculiar challenges.

As we deepen the discuss, i am sure we will arrive at solutions to mitigate some

Respect