Making Millions from soya beans

There is no questioning the fact that agriculture is the next gold mine that is yet to be tapped in Nigeria. The opportunities offered by this sector are so enormous that it can turn an investor into a billionaire in a very short time.

Soyabeans is one grain that is highly needed in the country, it could serve as a cash crop to be exported, a raw material  to be processed for it oil content,  protein and over 300 industrial uses. It is one of the cheapest and richest form of protein. There is high demand for industrial use more than the domestic use, as matter of fact the demand for industrial use  overstripped supply.    

Although Nigeria is the largest producer of Soyabean in the West African region, According to CBN report,  the demand for soyabean is valued at N300 billion and unfortunately  Nigeria as country can only produce 25% percent of the quantity  needed, making large gap of 75% to be filled. 30% of the demand gap is being meet by importation.

There are different ways in which an investor could exploited the opportunities offered by soyabeans .

1.      Going into mechanize farming of  soyabeans.

The opportunity of going into mechanize farming of soyabeans  is huge, In 2014, the price for Soyabeans was N75,000 per ton  in November, but in six months later the price per ton was going for N168,000. The sharp rise in price is largely caused by  demand.

   

2.      Partnership with local farmers on cultivations of Soyabeans

An investor could decide to partner with the locals in cultivation of soyabeans. These also have its own added advantage in terms of volume and other things.  

  

3.      Commodities marketing of soyabeans  

The profit  margin is high in marketing of soyabeans to industrial users but you have to learn be schooled in the business.  

4.      Processing and production of products derived from soya beans

Who smile to the bank better than you, because you have decide to add value.

The opportunities in the soyabeans  subsector is enormous but an investor must  have is fact right before investing. A detailed feasibility study is needed and I can guide and execute. (iniobong4solution@gmail.com ,07034706326

Discover the secret of Making money from agro commodity trading

There are different agro produces in the country that  one can go into marketing especially for companies that have used them as raw materials. These agro produces are Corn (maize), Sorghum , Guniean Corn , Soya beans , Wheat , Millet , Cotton seed and several other. What I have mention here  is mostly grains.

There are several ways to make money from agro commodities especially if it involves supplies:

Broker: One can visit companies that are involve in production that have need for these agro produces and sources LPO( Local Purchase Order)  from them. Now you bargain with companies or individuals that can supply the order and get commission from them. Usually these commission is always consider on the number of tons , how frequent the supply will be needed and the payment method. For example , if a company need say 100tons of corn at a certain price, you can strike a deal with a supplier to take N1,000 per ton and that amount to making N100,000 as a broker with no risk on your side .

 Supplier:  One can decide to supply the company directly and make money.

Before you venture into supplying of grains directly that certain things that you must be aware, so that you don’t loses your investment.

1.     Term of payment: what is the terms of payment of theses companies that you want to supply,  some companies pay after 24 hours, 48 hours , 7 days, 2 weeks and even 45 days .Note that Companies that pay from 2weeks must have a slight higher price.

for example if   company A is buying corn for say N60,000 per ton and pays after deliver 24hours, Company B must pay at least N63,000 per ton if payment is after 2weeks or 45days .

2.     Offloading & Scaling  : Most companies(if not all) won’t tell you that you will pay for offloading and Scaling  the goods that you bought if you are venturing into the business for the first time.

3.     Discount: there are companies that charge 1% to 10% of the amount supply  as tax , again most of them won’t tell you except you have an insider that gives you the hints before time.

4.     History of the Company: it is important that you also do background check on the company that you are supplying, how do the treat their suppliers ? what other relevant information do you need? These will help in determining if it is worth your time and investment.        

Part B of this article will on the Mathematics of supply