Agriculture an area that has been in existence before human civilization continues to remain an area of concern for any country focused on the development of both the nation and manpower.
The need for effective measures to be considered in all agricultural processes has greatly improved the quality of agricultural products we as humans have access to over the years. However, many countries in Africa are still trying to encourage agriculture as a business for many individuals living on the continent. I would share with you some reasons why you should consider investing in Agribusiness.
5 Reasons Why You Should Consider Investing In Agribusiness
1) Favourable Government Policy
In order to meet the ever-rising demand of agricultural products on the African continent, there are many government policies that have been established over the years to create an ease with which business is carried out in the agricultural sector.
Asides this, there are also provisions for low-interest loans and grants to farmers looking to expand their farms or purchase machinery and other types of equipment used in pre and post-production of agricultural produce.
2) Great Returns On Investment After A While
Many people run away from agriculture because they believe its hard work which isn’t true by the way, there are lots of areas or options to consider while going into an agribusiness for the first time.
To succeed as an entrepreneur in agriculture, you would need to devote time to developing a good research plan for potential investors, carrying out feasibility studies and starting out on a small scale before moving into large production volumes.
3) Large Market Across Africa
Africa as a continent relies heavily on goods imported from other parts of the world for either consumption or use in manufacturing processes. This is a Gap you can fill up by identifying which particular agricultural products you would like to make available across Africa.
Another challenge faced in Africa as regards agriculture is the conversion of raw materials into finished products without having to export them for futher processing outside the country. Smart investors are work alongside the business owners within the agriculture sector to generate adequate capital that can be used to build factories and buy different types of equipment that can be useful in making more locally made goods available across the country.
4) Job Creation
As more farms and factories begin to spring up due to favourable government policies, there us an increase in job creation across the country leading to an improved standard of living for people residing in areas where these farms are established.
As an Agripreneur, government policies are being established to encourage more participants within this booming sector. They also give different rewards for creating jobs through their activities some of which includes but is not limited to tax holidays, access to loans e.t.c
5) Availability of Land
In comparison to other parts of the world, getting large amounts of lands to be used for agricultural practices is relatively easy and comes at cheaper prices than is obtained by their counterparts in other regions.
Many people in rural areas provide options for leasing their lands to businesses and organisations looking to establish farming business in their location for a short period of time. Another advantage this offers is getting cheap labour in rural area which isn’t capital intensive for new and upcoming business owners.