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How To Make Your Farmland Profitable - Lamudi

Owning farmland is a profitable business in Nigeria. With over 170 million of Nigerians relying on cassava, maize, rice and yam as their staple source of daily food, it is only natural for farmland owners and farmers to generate a larger amount of profit, compared to other consumer-related business owners.

Have you ever thought about how you can make your farmland profitable?  Lamudi.com.ng is here to give you some ideas to make the most out of your farmland.

Livestock Farming
There is a great of opportunity when it comes to livestock farming in Nigeria. It is one of the most important kinds of farming and one of the most profitable. It is a business that requires very little capital to start with; all you need for your livestock farm can be found or built locally. This is a great way of using your farmland to generate a large amount of profit. Here is a list of livestock farms that make the most money in Nigeria:
1.    Poultry farming
2.    Catfish farming
3.    Snail farming
4.    Grass cutter farming
Cash crops farming
Cash crops are an affordable way of making big money. Nigeria has a perfect climate and quality of soil to produce hundreds of different crops, which is why this particular kind of farming is very common. It is not only affordable to start, but it also generates a huge amount of profit for your farmland.The below cash crops farms make the most money in Nigeria:
1.    Cassava farm
2.    Rice farm
3.    Yam farm
4.    Plantain farm
5.    Maze farm
Leasing your farmland
Leasing your farmland is another business idea that can make your farmland profitable. If you do not have the time or the experience to manage a farm, you can lease it out or hire someone to do it for you. Farmland leasing is just like commercial real estate leasing. Before renting out your farmland, be sure to do a background check on the person to whom you are leasing it. Always know the purpose and intentions of the person who will be renting your land.Monthly or annual inspections of your farmland are always important, so be sure to pay your tenant a visit every now and then.

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