Food Deficit: Firm launches agro investment scheme per acre appeared first on Vanguard News.
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A Lagos-based agribusiness firm, Moor Farms Limited, has introduced a three-year agricultural investment program that offers one-acre farmland plots for a minimum investment of N6 million. The scheme is focused on cultivating crops like cassava, cashew, and corn to enhance food security in Nigeria. Investors can anticipate returns starting from N645,000 in the first year, increasing to N2.7 million by the third year based on crop performance and market prices.
Moor Farms Limited is implementing precision farming techniques that allow investors to monitor their crop’s progress remotely using a digital platform connected to their investment profile. The initiative aims to not only provide financial returns but also generate job opportunities and bolster fiscal and land security in farming communities across Nigeria. Operations under this scheme are set to kick off in March, emphasizing a long-term commitment to sustainable agriculture practices.
Original Source: Vanguard News