Skip to main content

Popular posts from this blog

Value addition makes you a better, modern and business minded Farmer.

Couple of weeks back,  the CEO of one of the farms I work with,  called me in and said, " I am tired of this agric business,  it pays less,  looks to me like you just work for others to eat, Fishes i raised for average for 5 to 8 months, a buyer comes in and get at 550/600 naira per 1, then he goes to an hotel,  bar or road side,  create a mini processing  facilities,  make barbecue or pepper soup,  sells the head for 1000 naira, and the tail for 1500,  I feel cheated.  The Mallam that came to buy on my farm,  or the pepper soup woman has made 2500 naira from the fish he got from me at 500 naira". Familiar sorry,   I smiled and said to her,  what this person has done is to add value to the raw fish she got from you,  with minimum Maggi, tomatoes and pepper cost, then sell for you at triple the price. That moment  I decided I will write on value addition, but  along the line,  I got busy and it esc...

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...

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...