Nigeria: Farm4me specializes in contract farming

By : Adoni Conrad Quenum

Date : lundi, 28 août 2023 15:55

Last updated : lundi, 28 août 2023 16:04

To offer his compatriots the opportunity to cash out from agriculture, Nigerian tech entrepreneur Adama Joseph Adama developed a solution that allows everyone to invest in farm projects and get a share of the profits generated. 

Farm4me is a contract farming solution developed by a Nigerian agritech start-up. It allows users to invest in farm projects of their choice and receive dividends after a set period. 

Through its Android app, a user can create an account and access the various investment opportunities offered by the agritech startup. With Farm4me, investing 227,000 naira (around $294) in the cultivation of a hectare of maize will yield 27,240 naira after 6 months, while a hectare of rice will cost 298,278 naira for a 53,690 naira profit over the same period. The company also offers investments in crops such as sesame, sorghum, and soybeans.

In addition to this service, the startup also rents out agricultural equipment, trades in agricultural products and inputs, and loans out farm inputs to small-scale farmers. Farm4me boasts some 32,223 users and 22,311 jobs created. The startup farms over 356,213 hectares. According to Play Store data, its app has already been downloaded over 5,000 times. 

In 2021, Farm4me was awarded the prize for the best digital agricultural investment platform in West Africa by the Nigerian Institute of Brand Management. The same year, the World Quality Institute also awarded Farm4me the prize for the best provider of quality agricultural equipment sales and rental services in Africa.

Adoni Conrad Quenum


Please publish modules in offcanvas position.