Technology has always been known to make jobs and tasks faster and easier hence its application in all sectors.
From the educational sector to the financial sector, technology has found easy expression, and agriculture was not left out.
The application of technology in agriculture is called AgTech or AgricTech which stands for Agricultural Technology and it involves all technological driven and innovative input into farming practices to increase efficiency, yield, and in conjunction profit.
There has been a major surge in the increase of startups offering AgTech services in the last five years, each presenting various innovations that will modify the crops to be pest-resistant or to achieve faster growth and so many more.
AgTech investment companies have grown alongside startups in AgTech offering the opportunity to earn from agriculture even when one is not actively a farmer.
These AgTech investment platforms pay an ROI to investors after farm produce is harvested and sold.
There are a good number of AgTech investment companies in Nigeria, in no particular order some of them include:
FarmCrowdy
This is an AgTech investment company that is insured by Leadway Assurance, founded in 2016.
It is considered to be the pioneer of AgTech investment in Nigeria. Farmcrowdy intends to help in achieving the United Nations Sustainable Development Goals on Agriculture and impact sector
Farmcrowdy offers farm units ranging from fifty thousand naira to three hundred thousand naira and pays ROI of 6% to 27% according to the number of months the money was invested.
Farm4Me
Just like the name implies, Farm4Me offers investors the opportunity to decide what they want to be planted. This choice is spread across cash crops and the farming is done on a contract basis.
The farm4me farmers then plant, harvest, and sell the products, and the interest is remitted according to the contract stipulations.
The ROI for these investments is exceptionally high, Farm4Me promises up to 73% return of interest to its investors and refunds if the market crashes or the market price is low.
Farm4Me has farms in different states in Nigeria, their farms are in Kaduna, Jigawa, Oyo, Ekiti, Delta, Osun, Ogun, Katsina, Ondo, Benue, Kano, and Niger.
Thrive Agric
Thrive Agric is a technological-driven agricultural company that empowers farmers with investors’ funds while also ensuring the process is profitable for both parties.
Thrive Agric has two agricultural investment offers, Rice and poultry. Investors are allowed to choose to make their investment in either of the two.
Thrive Agric intends to build a network of African Farmers that can feed not just themselves but the world at large.
The company has farms located at Kura, Warawa, Iseyin, Ibadan, and Ajingi and has over one hundred thousand farmers in its network. Thrive Agric is also insured by Leadway Assurance company.
Farm Funded
Farm funded is driven by the mission to achieve sustainability in food security in the country, Africa, and the world at large through providing a platform where individuals or organizations can invest and make profitable returns, and this money invested is used in turn to fund farmers who produce for commercial purposes
Farm funded offers 20% ROI for investment done for a farming cycle that lasts for 8 months and 80% ROI for their integrated farm project that lasts for 24 months.
The minimum investment offer for a farming cycle is twenty thousand naira and the minimum investment offer for the integrated farm project is one hundred thousand naira.
PayFarmer
This AgTech company has farms in Kwara, Lagos, and Oyo states and focuses on livestock and cash crop production.
This gives investors a wide investment range to choose from for their investment.
PayFarmer serves as a bridge between farmers and investors while ensuring everyone wins, the investor goes with more money and the farmer has access to technology that will make farming and its activities easier and still produce optimum yield.
About the author
Chibuzor Elizabeth Chijioke a graduate of Abia State University is a Nigerian based entrepreneur and content writer. She trained as a digital marketer at Innovation Growth Hub. She is committed to teaching people how to apply technology to better their lives and businesses. She spends her leisure reading sci-fi and fantasy novels.
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