There are many ways to make money in Agriculture, but only listed 5 Ways because, only this 5 ways can give you constant cash that can take care of your daily need.
Here we will discuss just 5 ways to make money trading in agriculture without farming, Farming is another way to make money in agriculture, but that can only possible for those that can wait for a long period of time.
If you are looking for ways to make money in agriculture the below ways are for you.
The Top 5 ways to make Money in Agriculture or trading in agriculture
1). Supply of agriculture Produce
2). Helping supplier of agriculture produce source for a produce (sourcing agent)
3). Purchaser (purchase agent)
4). Storage
5). Exportation of agriculture produce
Agriculture business is just like any other business that one needs to have the basic knowledge about it before venture into it, Failure to follow the right path of the business will really hurt you and make you loose your money.
The first stage to decide if agriculture business is for you is “Trust” Are you the kind of person who finds it difficult to trust people with your money? or are you the kind of person that can take the risk even to trust people with your money? Agriculture business center in risk taking.I am not suggesting you commit yourself to whoever you meet in the name of doing business but after doing your homework, My thought here is ” Agriculture business is all about risk ”
SUPPLY OF AGRICULTURE PRODUCE.
You can make money in agriculture by ways of supplying the produce to exporters and local manufacturing companies, the good thing about agriculture produce supplying is, you don’t have to store the produce. All you need to do is, you source for the supply contract, you then source for the produce and then supply it.
As a produce supplier, you can make your work easier by working hand in hands with a sourcing agent.
Agriculture produce supplier make money in agriculture due to the less price of produce they get from farmers, As a produce supplier you buy the produce directly from the farmers at farm gate price and supply to exporters or local manufacturing companies at an agree price.
Cash Crops That you can Trade On ;
Sesame seed , Cashew Nut, peanut (groundnut ) Moringa seed, maize, ginger , soybeans, etc.
SOURCING AGENT:
If truly you learn basic channels of agricultural trading then you will agree with me that, for you to really make money in agriculture then you really need the service of agro sourcing agent.
A sourcing agent is everything in agricultural business, though many newbies in agriculture business see working as a sourcing agent is a waste of money or a kind of cheat. But i tell you today if you really want to make your agriculture business an easy venture then agro sourcing agent must be included in your agro channels of the transaction.
A sourcing agent is that person that helps you in searching for a particular produce and also help you to know how availability the said produce can be gotten from a particular or different location. A sourcing agent is another way one can make money in agriculture.
As a agro sourcing agent, You make your money per commission. A sourcing agent charge a supplier or exporter a commission per ton or a flat rate fee on a total or estimated amount of the transaction, A sourcing agent can also make money in agriculture per linking the seller with the buyer.
How much a sourcing agent earns is determined by how much the agent agrees with the supplier or exporter and that also depend on the type of crop. A sourcing agent can earn between #2000-#5000 per ton as a commission .
PURCHASER (purchasing agent)
A purchaser are those agent that help supplier or exporters of agriculture produce purchase produce on their behalf, as a purchaser you make money in agriculture per tonne, per bag or per kilo. The relationship between agro supplier or exporter is really coded but the main problem here is TRUST. In agro trading, supplier or exporters are to release fund to purchaser for purchase of produce but can that be easy? you entrusted your millions of naira to a stranger! It’s really a big task and risk that very few people can do that.
But can assure you agro-business minded people do that, example me. Someone who is a Nigerian but base in another country sent #1,555,000 to me for just a recent and i help him purchase egusi and later again he sent #400,000 again and i also use it for egusi purchase. another person again base in lagos sent me #321,000 for purchase of egusi , all this people never meet me before.Someone that is new in agriculture business will really find it a difficult task and a bigger risk for him or her to entrust their money into someone care.
Here is how a purchaser make money in agriculture;
A purchaser only focuses on how much you agree with him as a commission, also that depend on the type of the crop. Some crops are only sell in bags , some by mudu and some by kilo, Whatever is the means of the selling , purchaser charge per that means.
A purchaser tell the supplier or exporter the real price of the commodity no need of hiding since you both agreed on a commission , at time you the owner of the money can follow the purchaser to the market . The purchaser do the buying while you the buyer make the payment
STORAGE ;
You can make money in agriculture doing storage, it’s a kind of business that you purchase a agro produce at a beginning of a season or at low price and store it for some period of time , then resell it when the price increases.
the following crops can be stored for maximum profit:
Egusi (hotcake)
sesame seed(hotcake)
cashew nut
soybeans
maize
peanut
etc.
EXPORTATION OF AGRO PRODUCE
exportation business is another great ways to make money in agriculture, Exportation is all about exporting agro produce to international market. Though i don’t know much about this but i have done some couple of exportation in small scale but i assure you is a good ways of making money in agriculture.
To make good money in this , you need to have a register business name at least for trust and easy to get a contact. a simple google search will give you more info regarding this.
Make money in agriculture is easy as ABC but with a proper guide and mentorship.
Do you have more info to share with us regarding how to make money in agriculture? you are free to comment on comment box , we love you to also share this article with your friend on social media .
