THINGS TO CONSIDER IN BUYING A FARMLAND IN NIGERIA PART 1

Do you want to buy a farmland in Nigeria? Do you want to invest in farm estate (Agricultural real estate)? If yes then this post is for you.

The Nigeria is blessed with 90 million hectares of land which only 80 million hectares of the land is arable. It is important to know about the farmland and consider so many factors before acquiring a farmland for any farm project, in this post we intend to enlighten you on factors to put into consideration in order not to make mistakes while buying farmland in Nigeria.

The following factors should be considered:

1. The Soil Condition

2. Good Road Network and Proximity to Market

3. Rules and Regulations

4. Price of the land

5. Security of the area

6. The title of the farmland

THE SOIL CONDITION

The type of soil and its condition can affect your farm results. Before you acquire a farmland ensure you conduct a soil assessment on the soil to determine its type, characteristics and drainage class. Also, check for heavy metals and other unwanted buried residues that can inhibit your crop growth. Also test the topography of the soil before payment and documentations.

GOOD ROAD NETWORK AND PROXIMITY TO MARKET

Another factor to consider in acquiring a farmland is the road network and the closeness of the farmland to the market. Accessibility of the land to major roads will enhance your transportation of your farm produce to the market. The closeness to the markets is very important especially if your crop is perishable.

RULES AND REGULATIONS

If you intend to use your farmland for any agricultural purpose, you don’t want to start a business and you are stopped by the government agency for one reason or another. You need to consider if the farmland location has any government restrictions or acquired by government for the general use. TO BE CONTINUED....