A three-year-old agric-technology startup just bought a sixteen-year-old agribusiness. Farmcrowdy, the pioneer of digital Agric-crowd financing enterprise, bought Best Foods (L&P), an agribusiness firm specializing on livestock processing, farming, and agricultural product marketing, over a 16-year period. Why should you be concerned? This message from the President of the African Development Bank explains why. “The next generation of millionaires and billionaires in Africa will be farmers,” he stated, and I quote him.

 

Currently, more than 60 percent of Sub-Saharan Africa’s population is a small holder farmer, and agriculture accounts for around 23 percent of Sub-Saharan Africa’s GDP. Nonetheless, most of Africa’s agricultural potential remains unexplored. This post will teach you additional intriguing information about the unquestionable potential in agriculture across the continent, as well as how to capitalize on these chances.

 

  1. The Next Generation of Billionaires in Africa will be farmers

 

Dr. Akinwuyi Adesina was recently asked where the next generation of African billionaires will come from. Without blinking an eyebrow, the President of the African Development Bank stated that they will be farmers! “By 2030, the African food and agriculture industry would be worth $1 trillion,” he said. So, if you’re wondering how to earn money, that’s the industry to be in.” He believes agriculture will generate more millionaires and billionaires in Africa than any other industry.

You probably never pictured yourself 4 or 5 years after graduating from college accomplishing your financial goals through agriculture. You believed the highest honor of attending to school was getting a white-collar job, threatening ill patients, or defending clients in court. Farming appears to be what happens to folks who have no other alternatives. You should be aware that the agricultural business has gone a long way. The once-ignored profession is now a goldmine for today and future.

 

  1. Demand for Food Will Always Continue to Soar

 

If current trends continue, the amount of food produced will be enough to feed half of the world’s population by 2050. These tendencies may be reversed, and Africa is an excellent place to begin. Given Africa’s rising economic levels and fast growing population, food consumption will skyrocket in the medium future, offering new chances for agricultural expansion.

 

  1. Africa Can Feed Itself

 

Farmers in Kura, Kano State, Nigeria, would lose more than half of their tomatoes following each harvest. This was not due to negligence, but because the road conditions made it impossible for them to get their tomatoes to market. Across Sub-Saharan Africa, up to 50% of fruit and vegetables, 40% of roots and tubers, and 20% of cereals, legumes, and pulses grown are lost before reaching a market.

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Africa has the ability to feed itself as skill, knowledge, and innovation in food preservation entered the business.

 

  1. Africa Has the Capacity to Feed the World

 

Can African farmers feed the rest of the world? The answer appears to be “yes,” and this assertion is supported by particular facts: Africa possesses 60-65 percent of the world’s uncultivated arable land and 10% of renewable freshwater resources, and its agricultural production has increased by 160 percent in the last 30 years. According to some estimations, the Democratic Republic of the Congo alone could feed two billion people.

 

As the world’s population continues to rise, approaching 10 billion by 2050, there will be an ever-increasing need for food and agricultural products. Africa has the resources to feed the world in the future, just as China dominates the global manufacturing industry.

 

  1. Agriculture is More About Technology Than Land Mass

 

The Netherlands has the world’s 17th largest economy. It has a geographic area of 41,543 square kilometers (less than twice the size of Rwanda) and a population of 1.7 million people. Nonetheless, this country is the world’s second greatest food exporter.

 

In 2017, the Netherlands exported agricultural products valued over 92 billion euros. They’ve been able to do so by continually focusing on developing new ways to create more output with less inputs. For example, whereas the global average production of potatoes per acre is around 9 tons, many Dutch farms generate more than 20 tons.

 

New production technique resulted in a 28% rise in vegetable yields, a 6% reduction in energy utilized, and a 29% reduction in fertilizer used between 2003 and 2014. As a result, agriculture is about technology more than land mass. Imagine having both the technology and the land mass.

 

  1. Africa Is the Only Region Yet to Experience Green Revolution

 

 The Green Revolution was a time in which worldwide agricultural output improved dramatically as a result of new advancements in research technologies. New chemical fertilizers, synthetic herbicides, and insecticides were developed during this time period. It is believed that the Green Revolution saved up to one billion people from famine. When African countries like Nigeria were supposed to benefit from the green revolution, the country found oil and abandoned its agricultural potential

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If Africa wants to help free its people from starvation, it must stage its own vision of the Green Revolution.

 

  1. Africa Could Be 2 Times More Productive That It Is Today

 

The whole agricultural potential of Africa has yet to be realized. According to a recent Mckinsey research, Africa could produce two to three times more cereals and grains, adding 20% more cereals and grains to the present global production of 2.6 billion tons.

 

Similar improvements in horticultural crop and livestock output might be seen if the continent enhances agricultural productivity.

 

  1. These 9 Countries Make Up 60 Percent of The Total Agric Potential

 

Analyzing productivity potential in 44 Sub-Saharan African nations revealed that nine countries account for 60% of overall potential, with three countries – Ethiopia, Nigeria, and Tanzania – accounting for half of that.

 

  1. These Crops Have Huge Potential in These Countries

Mckinsey’s report investigates agricultural production and value chain prospects and discovers that three crops in three countries – wheat in Ethiopia, cassava in Nigeria, and maize in Tanzania – offer significant investment potential. Although there are other agricultural products to invest in, these are thought to have the most promise in these top African countries.

 

  1. Agric-Tech as Grown by 110% Over 3 Years

According to Disrupt Africa, agric-tech has increased 110% since 2016, with a wide range of services sprouting up throughout the African continent in less than a decade. These range from crowdfunding platforms for farmers like Nigeria’s Farmcrowdy, Somalia’s Ari Farm, and South Africa’s Livestock Wealth to businesses that capitalize on a lack of financial capital for smallholder farmers like South African Aerobotics and Ivorian WeFlyAgri, as well as solar-power cold storages and chain start-ups.

 

  1. Digitalization

In the future years, digitalization has the potential to significantly revolutionize the food, agricultural, and fisheries systems. Mobile devices, data analytics, high-quality satellite imaging, precise equipment, and intelligence might all help to boost industry productivity, sustainability, and resilience. Some of these technologies are already in use, while others are in the early phases of development.

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This will necessitate considerably expanded (both governmental and private) investment in digital infrastructure as well as education and training.

 

  1. There Are Different Career Opportunities in Agriculture

You’ve probably realized that there are several employment prospects in agriculture, and that you don’t have to own a farm to benefit from this rapidly expanding industry.

 

Agriculture careers are one of the world’s greatest sectors and sources of long-term employment, employing millions of people. Many occupations in agriculture and forestry are designated “Green Careers,” which means they entail conserving or safeguarding our environment. Agricultural Engineer, Food Scientist, Agricultural Manager, Agricultural Specialist, Agronomist, Botanist, Forester, Horticulturist, Data Analytics, and many other major occupations are available.

 

  1. Make You Money Work for You Without Going to The Farm

 

In this field, organizations have innovated. Farmcrowdy and ThriveAgric, among many others, provide crowdfunding options for everyone to invest in agriculture. The organization then gives financial assistance and personalized knowledge to local farmers in order to raise and maximize their produce. If you don’t have the time to pursue a job or start a firm in agriculture, you can still invest your money.

  1. Women Are Increasingly Taking Up the Challenge

 

Women account for about half of the agricultural work force in Sub-Saharan Africa. They are also the backbone of African agriculture, generating 80% of the continent’s food. Many career women are taking their position in the agricultural value chain as women’s support in agribusiness grows. While it is not an easy road, many women are smiling to the bank, in addition to the acclaim they receive.

 

  1. There Is So Much Room to Invest

 

Realizing Africa’s full agricultural potential would need substantial investment. To meet its agricultural promise, Sub-Saharan Africa will require eight times more fertilizer, six times more better seed, at least $8 billion in basic storage, and up to $65 billion in irrigation. This simply indicates that the sector might benefit from far more funding than is now available. Everyone is welcome to come and invest money, personnel, skills, and ideas.

 

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