Wednesday 3 December 2014

#AgriBiz4Dummies - Vol. 1 GOING BACK TO THE ROOTS



 Technology required to fabricate efficient farm tools

Crude oil is the new enemy of the planet. Whether it is through its use or by its trade every country is looking for a way to do without it.Technology and Agriculture are the two industries that can profitably fill the economic gap that will be created if oil dependent countries diversify.  

Agriculture is about food cultivation and everything that is directly or indirectly related to it. Agribusiness is the commercialization of agriculture especially using technology.

My interest in Agribusiness emanates from my business of retailing fresh farm produce on my company's website www.easyshopeasycook.com . Our need for traceability, freshness, quality and cost reduction lead us to backward integration; which is a business model whereby a company takes direct control of how its products are supplied. In our own case we need to have direct control or influence in the farms that supply our company in order to trace the produce, eliminate adulteration, enforce food safety policies, improve profit margins and make our company more competitive.
We need more local research Institutes to improve our seeds
The more I got involved in the process the more I realized I knew very little about it. I got involved with some farm produce associations and I found out we all know so little hence the dearth our country is in. So this series is for me to learn about the business of agriculture, share with others and learn from the feedback I receive from everyone.

I have called it #AgriBiz4Dummies because I plan to be as simple as possible to remove the complication hindering people from getting involved to help build the industry. 

The business of Agrochemicals
Agribusiness includes agrochemicals, breeding, crop production, distribution, farm machinery, processing, seed supply, marketing, retail sales as well as the education and technology behind all these. My interest is not really in the academic but the practical things being done around the world in this sector. I will highlight what Nigeria and Africa are doing and what more we must do to meet up and possibly dominate this sector globally.

Greenhouse technology and materials
China has been equated to Manufacturing; I strongly believe Agribusiness is ours to take. Africa should be the food basket of the world because the land, the climate and the people are available here, all we need now is the technology and will to back it up. 

I hope to hear from you here or tweet me @lagosshopping, it becomes more interesting that way.

Cheers.