Farmfunding firm opens window for potential maize investors
16 February 2020 |
3:50 am
A Farmfunding agro firm, H.O CORN has opened a new window of opportunity for potential investors in maize-farming project, with a 50 percent return on investment.
• Promises 50% Return On Investment
• Targets 30,000 Acres Of Maize Farm
A Farmfunding agro firm, H.O CORN has opened a new window of opportunity for potential investors in maize-farming project, with a 50 percent return on investment.
Currently, the firm, with its farm located in Ofiki community, Iseyin, Oyo State, is focusing on cultivating 30,000 hectares with expected yield of 120,000 tonnes of maize for households and industrial demand during the two planting seasons this year.
The Managing Director/Chief Executive Officer of the firm, Mr. Harrison Andrew revealed last Wednesday that the 30,000 acres production capacity could accommodate 30,000 investors with a minimum investment of N100, 000 per lot and assurance of 50 percent return on investment after six months.
“An investor can pay for one lot or more, depending of his or her financial strength and is assured of getting 50 percent of his investment as profit. All an interested individual or company needs to do is fill the investor form on our website: www.hocorn.ng and pay the minimum unit price of N100, 000 and get N50, 000 as profit at the end of a farming season.
“The deadline for registration is Thursday, February 20, 2020 for us to commence planting. The 50 percent promised return on investment is real, its not a scam, farmers out there know that it is possible,” he said.
Andrew disclosed that the company began maize cultivation in 2017, with 1,000 acres, adding that the firm has increased its cultivation capacity to 30,000 acres, making it the largest maize farm in Nigeria. He explained that it would increase the cultivation capacity to 50,000 acres next farming season to increase opportunities for investors and contribute to mitigating the eminent hunger crisis in the country.
The initiative, he said, will contribute to the country’s agricultural industry and provide massive employment opportunities and ensure sustainable wealth creation through farming and education on wise investment.
“H.O CORN produces and processes fresh and dry corn and supply to the local market, whose domestic consumption has continued to experience phenomenal growth over the years. We use the latest technology in agriculture production and operate a complete line of modern machinery that include corn planter and combined harvester.
“We believe that food should be of high quality, locally sourced, readily available and sustainable. Our passion is to pursue corn farming as a solution to the hunger crisis in Africa and become a contributor to the continents Agricultural industry,” he said
Andrew explained that maize production in the country has increased from 7.2 million metric tonnes between 2016 and 2017 to 10.2 million metric tonnes between 2018 and 2019. He added that maintaining a steady increase in maize production would have a huge positive impact on the country’s GDP.
“Over 60 per cent of Nigeria’s production goes into animal feed, especially for poultry; 10 to 15 percent is directly consumed, roasted, boiled or prepared as porridge by individuals in households. The balance is consumed by food manufacturing industries as raw material. This means that the demand for maize would continue to rise in the country,” he said.
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