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Nairaland Forum / Nairaland / General / Agriculture / Why Is The Agribusiness Sector So Lucrative and Yet So Prone to Risks !! (7741 Views)
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Re: Why Is The Agribusiness Sector So Lucrative and Yet So Prone to Risks !! by Nezzjnr: 3:03pm On Aug 26, 2020 |
Re: Why Is The Agribusiness Sector So Lucrative and Yet So Prone to Risks !! by saliubello(m): 9:03pm On Aug 28, 2020 |
Nezzjnr:Why has the sector not been saturated? It can not be saturated because the statistics has indicated that in Nigeria 55 percent of Nigerians earn their living from agricultural activities, i.e 49 percent engage in crop production while only 6 percent engages in livestock keeping. Unfortunately, these small holder farmers own only an average of 0.5 hectares of land and you can guess what their outputs can be, Obviously very low. Yield per hectare is nothing to recon with. Productivity is next to zero. They all practice 'Farming as Savings'', rather than "Farming as a business''. However, all the produce gotten goes to feeding the over 200 million population of Nigerians, feeding this growing population is what absorbs everything produced from maize to egg, to cassava with nothing substantial to feed the industries. Farming precedes industrialisation, but in Nigeria we put the cart before the horse. It's rather wide expose in my view. |
Re: Why Is The Agribusiness Sector So Lucrative and Yet So Prone to Risks !! by Nezzjnr: 9:13pm On Aug 28, 2020 |
saliubello:Wow.. A nice writeup.... If only we can take Agriculture as a business I was in the market today... The woman told me she got her Tomatoes from Cotonou. I'm an intending Farmer after school so I really need to ask questions |
Re: Why Is The Agribusiness Sector So Lucrative and Yet So Prone to Risks !! by KunmiakiN: 10:33pm On Aug 28, 2020 |
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