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Showing posts from July, 2017

HOW AGRIBUSINESS DIFFERS FROM THE CONVENTIONAL BUSINESS

Agribusiness is the business of agricultural production, an industry engaged in the producing operations of a farm, the manufacture and distribution of farm equipment and supplies, and the processing, storage, and distribution of farm commodities. The term was coined in 1957 by Goldberg and Davis. It includes agrichemicals, breeding , crop production ( farming and contract farming ), distribution, farm machinery ,processing, and seed supply, as well as marketing and retail sales. All agents of the food and fiber value chain and those institutions that influence it are part of the agribusiness system. Examples of Agribusiness Companies Deere & Company, which makes John Deere equipment, may be one of the best-known examples of a classic agribusiness company. The firm doesn't own farms or produce food products, but nearly every farmer owns a John Deere tractor, baler or some other piece of the quintessential green and gold farm equipment. Monsanto Company, which manufacture...

YOUR NURSERY OR YOUR HERD

Let's set up your cashew nursery.  We can set up your cattle herd

GET UP TO A 100% RETURN ON INVESTMENT WITH FISH FARMING PARTNERSHIP

CHALLENGES IN FISH PRODUCTION FOR STARTERS The 2 major challenges that set back intending farmers from production includes 1. Lack of fund : Fish farming is capital intensive, this deters most farmers from venturing into it. Land acquisition, pond digging and set up, bore-hole and some other pond facilities can be expensive. 2. Lack of technical ability : Fish farming is one of he few lines of animal production that requires detail technical skills before it can be ventured into. An attempt to run into the business without proper background knowledge and technical know-how could cause a farmer total loss. To sort this, a farmer would either want to either hire an expert in setting up the business or partner with an already established/experience farm/Farmer. HONOURABLE FARMS PARTNERSHIP PROPOSAL Honourable Farms is expanding its production capacity on Catfish, and it is inviting interested individuals who has the financial capacity to invest in farming but lacks the tech...

FISH FARMING; A MONEY SPINNING AGRIBUSIESS

BACKGROUND Fish is an important source of food, income, employment, and recreation for people around the world and it is very important source of animal protein for both man and livestock in developed and developing countries. Humans consume approximately 80% of the catch as food. The remaining 20% goes into the manufacturing of products such as fish oil, fertilizers and animal feed (FAO, 2015). Fisheries and aquaculture are integral part of Agriculture which were found to have the capacity to increase the country's GDP (Gross Domestic Product), employment opportunities and also bring about financial uplift to individuals farmers involved. According to  the Intergovernmental Institute for Tropical Agriculture (IITA) in 2015, The demand for fish in Nigeria mostly outstrips the local production. Nigeria is the largest fish consumer in Africa, and among the highest fish consumers in the world. With over 1.5million tons consumed annually. Yet, Nigeria imports over 900,000metric ton...

GRASSCUTTER FARMING AS A BUSINESS

Although there are lots of opportunities in Agriculture,( Animal production; Fishery, cattle herd, snairy, and poultry production, etc), (Plant production; Vitamin A cassava, grains and recently Cashew nut production and export ), In the face of all these options you are aware of, let me quickly point out to you a promising and recently  exploited area in Animal production ; The Graasscutter Farming Business. Grasscutter popularly known as cane rat belongs to the rodent family and is very closely related to the porcupine, almost look alike except that porcupine is bigger. The spiny fur on the back and rounded nose distinguish Grasscutter from true rats. It reaches a length of about 720 mm when fully matured. Why grasscutter ? The main reason Grasscutters are now preferred by some farmers for rearing purposes is because they are easy to house and you don’t necessarilly need to buy food for them as you do in fish, poultry and pig farming. Grasscutter is also a stress-free, p...

SOIL: NIGERIA’S RIGHT ECONOMIC DIVERSIFICATION TOOL

Oil discovery in Nigeria . On Sunday 15 January 1956, Shell Darcy discovered an oil field in Oloibiri, Bayelsa state. It was the first commercial oil discovery in Nigeria ; this discovery ended 50 years of unsuccessful oil exploration in the country by various international oil companies and launched Nigeria into the limelight of the Petro-State. As of 2000, oil and gas exports accounted for more than 98% of export earnings and about 83% of federal government revenue, as well as generating more than 14% of its GDP. It also provides 95% of foreign exchange earnings , and about 65% of government budgetary revenues. Prior this period, agriculture was the mainstay of the Nigerian economy and source of revenue. The Western Nigeria was known for its cultivation of cash crops like cocoa and food crops like yam, beans, cassava, maize and others like poultry, Eastern Nigeria was known for its palm oil plantations, yam, and general commerce. Northern Nigeria was known for its groundnut pyra...

How Armyworm Invasion on Maize Farms could cause 2017 Nigeria’s maize production dip

In February, the Nigerian Ministry of Agriculture and Rural development confirmed the invasion of the Armyworm in 22 states of the country, with serious damage to cereal crops, chief of which is maize. Knowing Armyworm Species The African armyworm (Spodoptera exempta ), is an African moth. It is a very deleterious pest, capable of destroying entire crops in a matter of weeks. The armyworm gets its name from its habit of "marching" in large numbers from grasslands into crops. African armyworms tend to occur at very high densities during the rainy season, especially after periods of prolonged drought. Recent discoveries pointed out that the latest infestation in Nigeria and in West Africa sub-region are not from the “True” African army worm” but a fresh pest that belongs to the same Family and Genus as the African army worm, but an entirely different species; frugiperda. Spodoptera frugiperda is known as the “Fall Armyworm” Its scientific name is derived from its feedi...