Oftentimes, farming can be capital intensive and a lack of funds can put the business on hold or even shut it down.
This is why you need more funds to make sustain the business.
Getting adequate funding for your business can be quite taxing especially when the world is still trying to survive a pandemic.
However, you can still navigate the murky waters of raising funds for your farm business.
In this post, I have listed three ways in which you can successfully raise funds for your agribusiness.
Let’s delve into them right away!
As a way of supporting businesses, governments across the world set up grants and loans that business owners can apply for.
As a farmer in Nigeria, you can take advantage of these grants and apply for them.
Organisations like the International Fund for Agricultural Development (IFAD) offer grants to farmers.
Common Fund for Commodities (CFC) also offers grants to farmers.
All you need to do is look them online and apply.
Another way of raising funds for your farm business is to scout for investors.
Food is a basic need of humanity and people are willing to invest their money into something that has the possibility of yielding an increase over time.
As a farm business owner, look for investment companies that are willing to invest in your business and discuss the terms of investment with them.
Few companies that invest in agribusiness are Silk invest, Thai Farm, Zeder, etc.
One last way to raise capital for funds for your business is crowdfunding.
If your previous options do not yield any result, you can venture into crowdfunding.
Crowdfunding allows business owners to post the profile of their business online and seek funding from people from all over the world.
Examples of platforms that give room for such are Barnraisers, Kickstarter, and Indiegogo.
However, note that if you want people to fund your business, you should deliver value.
When you have a track record of delivering value, raising funds for your business would be duck soup.