Food Storage

Objective:

To put food on the tables of Nigerians extending it to other countries of the world.

 

Our Vision

To build connections that grow a strong agricultural economy and healthy community.

To awaking the spirit of sleeping giants and therefore make Nigeria true giant of Africa through grass root support.

 

Our Mission

To extend farmers Global village to every local Government Areas in Nigeria even to under-developed and developing countries around the world.

To provide plat form for professional trainings, loan accessibility, equipment, leasing and other agricultural activities that will enhance members agric endeavors.

 

Our Values

  • A strong and vibrant farm economy is essential to the enduring strength of our region.
  • All people should have access to healthy, affordable, and nutritious food from local sources.
  • Community connections to local farms are important to the preservation and appreciation of our working landscapes.
  • Community collaborations and partnerships are essential to achieving our mission.

Food Storage

Nigeria from time immemorial has been an Agricultural hub of the world until the discovery of crude oil in commercial quantity. Then all attention was shifted to the oil sector of the economy forgetting the vast financial returns once derived from the exportation of cocoa and groundnut.

 

This trend has continued up till date even with the gross unemployment and abject poverty in the country. The Government has refused to purposely diversify the economy by bringing back the commercialize of agricultural produce to compliment the revenue derived from oil, so also the citizens.

 

Both graduates and undergraduates are struggling over the few white and blue collar jobs that are up for grab in the country without making a head way in securing one. It’s so pathetic when you hear a graduate has been looking for a job for five years and over. That’s about one thousand eight hundred and twenty five days without a job in one’s life whereas; there is great financial reward from food storage business.

 

With the rate of inflation, households are finding it hard to survive on just a pay cheque, so the best alternative is business where your income is determined by you and not your employer. One of such business which is a gold mine with less competition and start-up capital is the food storage business.

 

It’s a very lucrative business that can be done by anyone, it does not need any special training and its reward is worth every effort and dime invested in it. It can be run on two different platforms with as little as fifty thousand naira. The first platform is to go into interior villages in almost any state of the federation to buy these food stuff s at a very low price and sale in the cities at thrice or twice the price immediately. Or transporting it to other states where you could get five or four times the cost price.

 

Using Benue State as a case study with yam produce as an example, yams can be bought at a low price from these towns called Zaki biam and Ogobia. Selling them immediately in Makurdi the state capital would still yield a significant profit but selling such in states like Lagos, Abuja, Kano and Port Harcourt would yield double of such profit.

 

This could be done with any produce; first thing you must do is to make research in any business area you want to engage in.

The other platform is to buy these foods in bits according to the capital at your disposal per time during the harvest season when the prices are very cheap and store them till the price rises to fetch you a reasonable profit.

 

 

How to go about Buying and Selling Farm Produce and make Money.

From experience and research in the business of trading in agricultural produce over a period of 10 years, here are the detailed steps on how to go about it.

 

Business Summary

This business in summary is all about buying, storing and selling of farm produce. A trader buys the produce during the harvesting period when supply is high and prices are low, make’s arrangements in the market to store them or transport them a choice area of storage, then sell’s during the dry season or shortly before the planting period when supply is low, demand is high and prices have shot up. Basic steps for carryout the business are:

 

  1. Making inquiries on what to trade in. This is dependent on the amount of money the trader is willing to invest in the business and the crop that is currently most lucrative in the market. This is carried out by visiting the market and making necessary inquiries.
  2. Making inquiries to ensure appropriate timing on when to buy and sell.
  3. Making available sufficient capital because the sellers don’t sell on credit. It is cash and carry.
  4. Traveling to the town where the market is located.
  5. Visiting the Market Chief for, familiarity, security arrangements and further inquiries.
  6. Making arrangements for storing the goods either in the market or transporting it to a storage area of choice.
  7. Scouting for quality and cheap produce to buy.
  8. Making payments.
  9. Transportation to storage area.
  10. Waiting while monitoring market prices and trends.
  11. Time to time visit to check and ensure safety conditions of the produce.
  12. Selling the produce when prices have gone up or when market trends don’t look favorable.

 

Who can do this business?

Government workers, Students, Youths, School Leavers, Bankers, Investors, Supply-Chain Managers, Agro-Investors, people in paid employment, Retirees, Entrepreneurs, anyone interested in achieving financial break through by establishing a lucrative business.

 

When to do this business

Anytime of the year but preferably buying during the harvest time (towards the end of the raining season, July – February) and selling during the dry season or shortly before plating time (beginning of the raining season, March – May).

 

Where to do this business

Any major market in these states Nasarawa, Benue, FCT, Kogi, Niger, Kaduna and Plateau States.

 

Who to know

The “Sarkin Kasua” or Market Chief, the seller of the produce and the owner of the warehouse where produce bought will be stored, that is in the case where the produce will be stored in the market.

 

A trader can go further to sign agreements if he/she wishes to. In this case, a lawyer and witnesses will be added to the earlier listed people to know.

 

Just locate the market and ask for the Market Chief, other things will be sorted out from there. The trader should make sure he/she is being introduced to the genuine people by asking more than five (5) different people and from the office environment.

 

Where to stay

You can stay in a hotel around the market.

 

Business skills required

No major one is required except the ability to go on business trips and take calculated risk.

Business registration/company name

Not required for this business but you can learn more about registering a company.

Start-Up Capital

N 50,000 – N10, 000, 000.

You can start up at any financial level you are currently.

If you don’t have the capital, you can get information on how to obtain Agriculture related loans.

 

Crops to trade in

All the listed crops; Melon/Egusi, Maize/Corn, Sesame/Beniseed, Groundnut, Beans, Locust beans, Soya Beans/Soybeans are lucrative to trade in but the best is Sesame/Beniseed because of the following reasons:

  1. Unlike beans it does not need any special preservation and storage other than bagging.
  2. It does not need the application of pesticides during preservation as it is not easily attacked by pest.
  3. It does not compress when stored in bags so its volume doesn’t change during buying and selling unlike Melon which reduces in volume over time and can be compressed by hand during re-bagging for sale.
  4. It has a very high economic value which appreciates rapidly over time unlike maize which has a very low economic value and sometimes depreciates with time. This is very important in making a choice on directing resources.

 

The best time to sell most probably is the planting season as the harvest period connote abundant while the planting reduces the food supply in the market thus raising the price. This timing is not rocket science but a simple law of demand and supply, which states that “the lower the supply the higher the price and the higher the demand the higher the price”. Mind you, the profit from food stuff business is mind blowing now with the springing up of eateries and modern restaurants where larger purchase is made.

 

The choice is now up to you, you now know you must not wait for a white or blue collar job to make a living and the end result for both is money making in which a job earns you a fixed income while food storage business earn you a variable income. So start today to liberate yourself from the white and blue collar job bondage.