The current neglected status of agriculture and increasing demand for food and value added agricultural products in Nigeria and the international markets present both challenges and opportunities for private investments in the agricultural industry.
The major challenge is that of food security, while the opportunities are (job & wealth creation, poverty eradication/alleviation and financial security towards meeting the millennium development goals).
While it is noted that agricultural enterprises are faced with many pitfalls and most are not “get rich quick schemes” they provide opportunities for a sustainable source of income for the resourceful, passionate, patient, dedicated and committed farmer and entrepreneur.
THE SOLUTION
To respond to the opportunities agriculture provides, the establishment of an “AGRIBUSSINES DEVELOPMENT & EXTENSION COOPERATIVE” is focusing on using members equity to diversify agricultural production and develop new opportunities for the processing and adding value to agricultural products and making profits for members.
This innovative idea of conducting agribusiness overcome the challenges of individual/subsistent agricultural production (i.e. shared risk among co-operators, access to funds, access to expert knowledge base, use of best practices and technology). This has the potential of improving incomes, creating jobs and enhancing socio-economic growth.
Here comes AgbeCoop, please go through our sites to see the innovative plans and benefits for our members.