Commercial cassava farming has proven to be a highly lucrative agricultural venture for Nigerian farmers. The high demand for cassava tubers, which serve as the primary raw material for producing ‘garri’ – a staple food in Nigeria – has made cassava farming a profitable business opportunity. With garri being a fundamental component of the Nigerian diet, the market for cassava tubers remains consistently strong, ensuring a steady income stream for farmers who cultivate this versatile crop.
Starting a cassava farming business with minimal capital may seem daunting, but it’s a venture that holds immense potential, especially with the growing demand of cassava for export. With a little creativity, strategic planning, and a willingness to roll up your sleeves, you can tap into this lucrative market and establish a thriving cassava farming business without breaking the bank.
Below are three tips to help you with starting your cassava farm with little capital
1. Explore government subsidies and grants for cassava farming: The Nigeria government is prioritizing farming in order to encourage more people to go into farming thereby making available grants and subsidies for individuals interested in farming.
2. Look for angel investors: Angel investors are highly networked individuals who provide financial support and guidance to promising startups. In the agricultural sector, angel investors are increasingly recognizing the potential of alternative crops like cassava. With the right approach and a well-executed plan, you can secure the funding you need to establish your cassava farm.
3. Leasing land instead of buying : Embarking on a cassava farming venture can yield substantial profits, but it often necessitates a substantial initial investment in land acquisition. Nevertheless, for farmers with limited financial resources, leasing land can be a good alternative that enables them to establish their business without purchasing land outrightly. In rural areas, one can get land at a very low rate compared to the cities.
Leasing land offers several advantages for aspiring cassava farmers without money. First, it reduces the initial investment required, allowing you to allocate your limited resources towards other essential business expenses such as seeds, fertilizers, and labor.
