Nigeria’s agriculture space needs all the innovative solutions it can get. Demand for the products it puts out continues to increase, but the industry’s value chains remain largely underdeveloped and inefficient.
Agritech startups are helping various portions of the agric ecosystem lift their performance. They are opening up new funding sources, providing output enhancing technologies, and training farmers in the practices they need to raise yields and grow revenues.
EZ Farming is among the latest startups on this scene. It leverages digital technology to channel funding from individual investors to smallholder farmers. The farmers who benefit from the funding are able to grow crops and scale their general operations. Investors get returns from the money they put into farming projects.
This model has already been tried out by other ventures operating in the space. But Adewale Oparinde, founder and CEO of EZ Farming, says that his startup differentiates itself from the others with its emphasis on scaling smaller farms. Besides providing inputs and farm insurance for its partner farmers, it also gets their produce off-taken by high-value buyers. This helps them get fairer prices and better profit margins for their efforts.
The startup’s activity takes place on at least two fronts: its website, where investors sign up for and monitor their farm investments, and the vast swathes of Nigeria on which farmers grow the country’s food.
Anyone interested in reaping profits from the field without physically soiling their hands can do so by selecting a farm listed on EZ Farming’s website and investing in it. The projects from those farms are named along with the returns (in percentage terms) that investors can expect to get from them. However, prospective investors will have to register on the online platform in order to access the opportunities that exist on it.
EZ Farming also engages farmers on the ground. The crop growers they enlist tend to have a good degree of experience with cultivating on land. This preference coupled with defined selection criteria and monitoring process ensures that the planting, tending, and harvesting go as smoothly as investors want them to. EZ Farming takes on young farmers as well, under a youth employment initiative.
Investors can monitor their portfolio on their dashboard, which is created after they register with the platform. Updates on the progress of work on their farms are shared to them in pictures and videos.
Following the harvest, the produce reaped from the sponsored farm is sold to off-takers with whom EZ Farming has partnered. Farmers and investors receive their respective portions of the revenue from the sales.
Thus far, it has helped farm 20,000 acres, and created over 100 jobs in the agric space. It also reports a 0% default rate on funding committed to it by investors.
Although EZ Farming kicked off operations in 2018, the startup has attracted considerable attention from within and outside of the country. It has recently been received into the Silicon-Valley-based 500 Startups accelerator program, which also gives it access to $150,000 in seed funding.
The long term plan of the startup’s team is to reach the rest of the continent with its innovative services in the coming years.
Source
EZ Farming
Featured image source: Slide Share
You might also like:
- Boost Your Business Visibility with Connect Nigeria’s Christmas Deal
- How to Build an Effective Email Marketing Strategy
- Top 7 Strategies to Grow Your Email Subscriber List
- Why Successful Business Owners Prioritise Email Marketing
play slots online for real money
slots era
triple diamond slots free
writing dissertations
write my dissertation for me
dissertation proposal writing service
what is a dissertation
writing a dissertation literature review
thesis or dissertation
writing the doctoral dissertation
proposal and dissertation help plan
writing papers
marketing acknowledgement
writing
law dissertation writing service
help with my dissertation
dissertation writing tips
dissertation completion pathway
get help with dissertation
law dissertation writing service
proposal and dissertation help 3000 words
thesis help
statistics help for dissertation
proposal and dissertation help plan
best deposit casino bonus
top casino site
top us online casinos
best welcome bonus casino
online casino bonus no deposit
casino usa online
no deposit bonus
casinos online
top usa online casinos
casino signup bonus
casino sign up bonus
sign up casino bonus
mobile casino
deposit bonus casino
casino no deposit welcome bonus
online real casino
online casino welcome bonus
win real money online
casino games win real money
free slots for mac
online casino real money
mobile casinos
best online casino deposit bonuses
real casino games online
real money online casinos
best welcome bonus casino
free slots for mac
best casino deposit bonus
best online casino deposit bonuses
casino online usa
win real money online
what is the best online casino for real money
best welcome bonus online casino
free online games to win real money no deposit
free online casino bonus
online casino no deposit
blackjack payout
free online casino no deposit
online us casinos
free online games to win real money no deposit
online gambling reviews
us online casinos
real online casino
online casinos for real money
free bonus no deposit
welcome bonus casino
casino usa online
casino no deposit welcome bonus
usa casino
top us online casinos
real money casino no deposit
online mobile casinos
real casino online
casino deposit bonuses
casinos online usa
biggest online casino bonuses
casino bonuser
free cash bonus no deposit casino
bonus casino online
casino bonuser
more casino games
free casino bonus
top casino site
dating service site
singles website for farmers
the best online dating site
dating guide
find single women
erotic dating sites
online dating website
singles near you
free dating net
dating app
best internet dating sites
who is brent rivera dating
daiting online
online free
international dating
date free service
best dating websites free
online dating best site
casual dating
dates websites
meet women at zushi beach
free online chat
free daing
meet singles free
plenty of fish
lesbian dating apps
free single dating sites
ourtime dating site log in
free adult personals site
free online dating sites
dating web sites for free
amature dating co
pof dating login
adult chat dating site
skip the game dating site free search
meet men online
senior dating sites free
free online dating service
online singles dating sites
wwwi.odnoklassniki-film.ru
essay writer cheap
argumentative essay helper
who can write my essay
help writing an essay
cheap custom essays
what is a good essay writing service
help with essay papers
help me essays
how can i pay someone to write my essay
good customer service essay
order custom essay online
essay writing services toronto
coursework help uk
do my coursework
coursework