I did some research some days back and realized that the global demand for soya beans in the last 25 years has shot up to 145% as compared to 76% corn, 31% rice, and 21% wheat.
Many have said that with the growing world population, countries may need to increase production to meet the production rate of the highest soya bean producers — Brazil, the United States, Argentina, and China to bridge the gap.
Are you thinking what I’m thinking?
If you are, then you understand that there’s a high demand for and a low supply of Soya beans.
Meaning, it is a profitable business venture — one you should be willing to try out!
However, before venturing into any business, planning is germane. So, here are a few things to keep in mind before starting your Soya beans farm.
Soya beans do not need a lot of rainfall and it takes about 100 days to mature. So, you may want to start in the rainy season and harvest in the dry season.
The Soya beans mostly planted in Nigeria is the yellow Soya bean, which can be processed into Soya bean powder or milk. However, other types of Soya bean types you can explore are the green and black Soya bean.
Soya beans require large space so an acre of land or more is advised.
Having a business plan boosts proper planning and keeps you prepared for investment opportunities that may arise in the future.
Once you have all of this in check and fully understand the process, you can move on to clearing and preparing your land, purchasing your seed, and starting the planting process.
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Or would you like to venture into Soya bean farming without owning a farm?
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