Fifteen Opportunities in Agriculture That You May Not Have Known About

Fifteen Opportunities in Agriculture That You May Not Have Known About

A three-year-old agric-tech firm recently purchased an agribusiness that had been in operation for sixteen years. With over 16 years of experience in the livestock processing, farming, and agricultural produce marketing industries, Farmcrowdy, the pioneer of the digital Agric-crowd funding endeavor, purchased Best Foods (L&P). As to why it matters, please explain. Read this statement from the AfDB president to learn more about the rationale behind this decision. That “the next generation of millionaires and billionaires in Africa will be farmers,” he remarked, is a quote I’m paraphrasing here.

Sixty percent or more of Africa’s population lives on farms of less than 10 acres, and agriculture accounts for nearly a quarter of the continent’s gross domestic product. But the continent of Africa has not yet reached its full agricultural potential. More information regarding the undeniable opportunities in agriculture across the continent, and how to take advantage of them, may be found in the following article.

Farmers will become Africa’s next crop of multibillionaires.

Dr. Akinwuyi Adesina was recently questioned if there will be a new wave of African billionaires. Without batting an eye, the President of the African Development Bank said, “They will be farmers!” According to him, Africa’s food and agriculture market will be worth $1 trillion by 2030. That’s the industry to be in if you want to make money. More millionaires and billionaires will be created in the agricultural industry, he predicts, than in any other in Africa.

Agricultural success was probably the last thing on your mind when you pictured yourself four or five years after finishing college. You probably figured that the pinnacle of success in life was to earn a degree and then use it to work in an office, care for the ill, or represent others in court. When discussing farming, it sounds like a last resort for those who have exhausted all other possibilities. You should know by now that agriculture has advanced significantly. This once-disregarded occupation is today’s and tomorrow’s treasure.

The Soaring Food Demand That Will Never Stop

By 2050, if current trends continue, the amount of food grown will be enough to feed half of the world’s population. Africa is a wonderful place to begin altering these tendencies. Increased disposable income and a fast-expanding population in Africa are driving up food consumption, which will lead to expansion prospects in the agricultural sector in the medium to long term.

Africa Is Capable of Sustaining Its Own Food Supply

After each harvest, farmers in the small community of Kura, Kano State, Nigeria, would lose more than half of their tomatoes. It wasn’t because they weren’t careful, but because of the poor road conditions, their tomatoes never made it to market. Some estimates place the percentage of lost food at as high as 50% for vegetables and fruits, 40% for roots and tubers, and 20% for cereals, legumes, and pulses in sub-Saharan Africa.

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Africa may now feed itself because of advances in food preservation technology and understanding.

Africa Can Provide Enough Food for Everyone

The question is whether or not African farmers can sustain global food production. It would appear that the answer is “yes,” and this conclusion is supported by evidence: Sixty-five to sixty-five percent of the world’s arable land is located in Africa, and the continent also has ten percent of the world’s renewable freshwater resources. Agricultural output in Africa has increased by a factor of 160 during the past three decades. Some estimates suggest that the Democratic Republic of the Congo alone could provide food for two billion people.

Demand for food and agricultural goods will continue to rise as the world’s population approaches 10 billion by 2050. Africa has the potential to feed the world in the future, just as China has dominated the global manufacturing industry.

Technology is more important to agriculture than land area.

The economy of the Netherlands is the seventeenth largest in the world. It has an estimated population of 1.7 million people and a land area of around 41,543 square kilometers (less than double the size of Rwanda). However, this nation ranks second in food exports worldwide.

The Netherlands sent out about $92 billion in agricultural exports in 2017. They have done this by persistently seeking out novel approaches to increasing output while decreasing input costs. Many farms in the Netherlands produce more than 20 tons of potatoes per acre, while the global average production is around 9 tons.

Vegetable yields increased by 28% between 2003 and 2014 thanks to advances in agricultural technology, while energy use dropped by 6% and fertilizer consumption dropped by 29%. This means that agricultural technology is more important than land area. Imagine you had the resources and the land mass

Only in Africa has the “Green Revolution” not yet occurred.

During the time period known as the Green Revolution, research and technological advancements led to a dramatic increase in agricultural output around the world. New synthetic herbicides and insecticides were developed along with chemical fertilizers during this time. Up to a billion lives may have been spared from starvation as a direct result of the Green Revolution. Nigeria, like many other African nations, missed the boat on the green revolution because it was too busy focusing on oil.

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In order to save its people from starvation, Africa needs to launch its own version of the Green Revolution.

The current level of productivity in Africa might be doubled.

The entire potential of Africa’s agricultural sector has yet to be realized. According to a recent study by McKinsey, Africa has the potential to increase cereal and grain production by a factor of two to three, adding an additional 20 percent to the present global output of 2.6 billion tons.

If the continent were to boost its agricultural output, similar gains might be seen in the production of horticultural crops and cattle.

These 9 nations account for 60 percent of the world’s agricultural potential.

Nine of the 44 countries in sub-Saharan Africa account for 60% of the region’s total productivity potential, with only three countries—Ethiopia, Nigeria, and Tanzania—accounting for 50% of that.

The Potential for These Crops in These Countries Is Huge.

According to a McKinsey report that looks into crop production and value chain opportunities, three crops in three countries offer significant investment potential: wheat in Ethiopia, cassava in Nigeria, and maize in Tanzania. These are the agricultural products that are thought to have the most promise in these leading African countries, however possibilities to invest in others exist.

Increase of 110% in Ag-Tech during the Past Three Years

According to Disrupt Africa, the agric-tech industry has increased by 110% since 2016, with new services cropping up all over the African continent. Farmcrowdy in Nigeria, Ari Farm in Somalia, and Livestock Wealth in South Africa are just a few examples of businesses that are capitalizing on farmers’ inability to access traditional credit. Others include drone manufacturers like South Africa’s Aerobotics and Ivory Coast’s WeFlyAgri, solar-powered cold storage facilities, and startup logistics companies.

Digitalization

The future of the world’s food, farming, and fishing systems could be drastically altered by the advent of digital technologies. There is a lot that mobile technology, data analytics, high-quality satellite imaging, precision equipment, and intelligence might do to boost productivity, sustainability, and resilience in the industry as a whole. While some of these innovations have already made it to market, others are only getting started.

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Because of this, funding for digital infrastructure and educational and vocational programs (both public and commercial) will expand dramatically.

Agricultural Work Offers a Variety of Professions

As you should know by now, the agricultural sector is rapidly expanding, and you don’t need a farm to take advantage of the opportunities it presents.

One of the largest and most stable sectors of the global economy, agriculture employs millions of people around the world. There are a number of “Green Careers” available in the agriculture and forestry sectors. These careers focus on, or directly benefit, environmental protection and preservation. Careers in agriculture span a wide range, from agricultural engineer to food scientist to agricultural manager to agricultural specialist to agronomist to botanist to forester to horticulturist to data analyst, and many more besides.

Put Your Money to Work Without Leaving Your Couch

Companies have developed cutting-edge solutions. Crowdfunding platforms like Farmcrowdy and ThriveAgric allow anyone to put money into the agricultural sector. In order to help local farmers optimize their profits, the company offers them financial backing and specialized knowledge. Even if you can’t devote your time to a job or business in agriculture, you can still benefit from investing in the sector.

More and more women are rising to meet it.

Nearly half of the agricultural workforce in sub-Saharan Africa consists of women. They also provide 80% of Africa’s food and are therefore crucial to the continent’s agricultural sector. Many professional women are now participating in the agricultural value chain, thanks to the growing acceptance of women in agriculture. It’s not an easy road, but many women are laughing all the way to the bank thanks to the money they’ve made and the praise they’ve received.

So Much Potential for Investment

Large sums of money will be needed to fully develop Africa’s agricultural sector. If Sub-Saharan Africa is to realize its agricultural potential, it will require eight times as much fertilizer, six times as much improved seed, at least $8 billion in investment in basic storage, and as much as $65 billion in irrigation. This clearly demonstrates the need for significantly more investment into the sector than is currently being provided. Everyone is welcome to contribute resources such as time, money, knowledge, and ideas.


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