badersleg
Member of DD Central
Posts: 207 
Likes: 86
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Post by badersleg on May 31, 2018 10:59:05 GMT
Hello
Here's some blurb from the website-
' Founded in 2016, Farmcrowdy is Nigeria's 1st Digital Agriculture Platform focused on connecting farm sponsors with real farmers in order to increase food production while promoting youth participation in Agriculture.'
Returns depend on what type of farm you invest in ( chickens, maize, beans, rice etc), and you receive a share of the profits after the harvest. Capital is insured against catastrophic harvest failure and returns for Maize are 12% per 10 month harvest cycle, for poultry 8% for 3 months.
They take UK debit cards but work in Nigerian currency so obviously there will be bank fees involved.
I'd be interested in other people's opinions.
regards,
Tim
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Post by munchydave on May 31, 2018 14:43:44 GMT
Hello
Here's some blurb from the website-
' Founded in 2016, Farmcrowdy is Nigeria's 1st Digital Agriculture Platform focused on connecting farm sponsors with real farmers in order to increase food production while promoting youth participation in Agriculture.'
Returns depend on what type of farm you invest in ( chickens, maize, beans, rice etc), and you receive a share of the profits after the harvest. Capital is insured against catastrophic harvest failure and returns for Maize are 12% per 10 month harvest cycle, for poultry 8% for 3 months.
They take UK debit cards but work in Nigerian currency so obviously there will be bank fees involved.
I'd be interested in other people's opinions.
regards,
Tim
It's Nigeria. Sounds like do not touch with a barge pole.
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badersleg
Member of DD Central
Posts: 207
Likes: 86
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Post by badersleg on May 31, 2018 15:15:47 GMT
Hello
Here's some blurb from the website-
' Founded in 2016, Farmcrowdy is Nigeria's 1st Digital Agriculture Platform focused on connecting farm sponsors with real farmers in order to increase food production while promoting youth participation in Agriculture.'
Returns depend on what type of farm you invest in ( chickens, maize, beans, rice etc), and you receive a share of the profits after the harvest. Capital is insured against catastrophic harvest failure and returns for Maize are 12% per 10 month harvest cycle, for poultry 8% for 3 months.
They take UK debit cards but work in Nigerian currency so obviously there will be bank fees involved.
I'd be interested in other people's opinions.
regards,
Tim
It's Nigeria. Sounds like do not touch with a barge pole. Normally I would avoid anything from Nigeria, but they've racked up an impressive list of awards and bigwig investors. I think they've only just opened to the UK market so I'm having trouble finding any feedback on actual returns.
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Nomad
Member of DD Central
Posts: 755
Likes: 513
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Post by Nomad on May 31, 2018 16:26:20 GMT
Hello
Here's some blurb from the website-
' Founded in 2016, Farmcrowdy is Nigeria's 1st Digital Agriculture Platform focused on connecting farm sponsors with real farmers in order to increase food production while promoting youth participation in Agriculture.'
Returns depend on what type of farm you invest in ( chickens, maize, beans, rice etc), and you receive a share of the profits after the harvest. Capital is insured against catastrophic harvest failure and returns for Maize are 12% per 10 month harvest cycle, for poultry 8% for 3 months.
They take UK debit cards but work in Nigerian currency so obviously there will be bank fees involved.
I'd be interested in other people's opinions.
regards,
Tim
It's Nigeria. Sounds like do not touch with a barge pole. My initial reaction too. It must be tough running an honest business in Nigeria.
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bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
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Post by bigfoot12 on May 31, 2018 17:08:05 GMT
15% returns when inflation is 13.5% doesn't seem that exciting.
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