The oxford advanced dictionary defines agribusiness as an industry concerned with the production of farm products, especially involving large companies. My interest in this topic stems from the fact that we have all neglected this lucrative activity in favor of white collar jobs. Many a graduate would immediately despise you when you suggest they seek for a job or invest in agribusiness because of the perception that it is a low paying and hard job reserved for people in the village. However, there is a lot of money to be made in this sector just like in any other sector of the economy. In fact, the richest people in the developed world including the USA, Europe and Japan are farmers.
There are notable politicians and businessmen who have invested in this sector and are today reaping the dividends. The likes of Simon Achidi Achu with his cattle ranch in Santa, Fotso Victor with his palm oil and corn plantation in Bandjoun and the former Nigerian president Olusegun Obasanjo with his Obasanjo farms are important personalities to be mentioned who are making it big in agribusiness. If they can invest in this sector and be making it, we too can make it.
So, where exactly is it profitable to invest in agribusiness? The possibilities are endless. For now many people only look at the cash crops including cocoa, coffee and tea but palm trees and rubber are also a hot item. Palm trees yields 3 million per hectare while rubber yields 5 million per hectare. However, we should understand that these are long term investments that need about 4 years for palm and 7 years for rubber. Also, it is advisable you get some training before you get into this sector. Here are the sectors to invest in and their potentials:
Rubber production is a very profitable venture to engage in. Prices in the world market have been skyrocketing because of the high demand of the produce. It takes about 7 years for the rubber plantation to mature and a hectare of rubber can yield as much as 5 million per annum. Those investing in this sector should think long term and not short terms.
2. Palm oil
Palm oil is another important sector to invest in. again this is a long term investment for it takes about four years for the rubber plant to mature. A hectare of palm oil would yield about 4 million francs per hectare per annum. Depending on how many hectares you are investing in, you can then calculate how much you can make in a year.
I never knew this would make the list but I was compelled to include it because I just realized that a lot of Cameroonians have invested in this sector and they are reaping it great. So, having a plantation of oranges is also a safe investment. In general, buyers come and buy the whole harvest and I was told one can make as much as 500000 francs during the orange season.
Poultry business is big business in Cameroon today because of the ban on imported chicken and a lot of Cameroonians are investing in this sector. The bigger the poultry farm, the more profitable it is. The eggs and chicken sell well in the local markets and some retailers even come to buy directly at the poultry farm.
There is this saying that “les Bouda eleve les porcs et les Dschang mangent le porc”. Today, many Cameroon engage in this business and they are making it big. Many people say pigs are too dirty and sometimes they make the environment to smell. However, it all depends how they are raised. If you raise them in a clean place, they would not make the neighborhood to smell.
Which other sectors do you think I omitted in my list? Please, mention it in your comments. I wish you all nice day.