Become agro-business entrepreneur as an agro-products broker, by Agbaji Chinedu

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Agriculture has gone beyond farming; it is now a business that accommodates many players, because of the need for food, raw materials for industrial growth, and jobs for the growing population of our youths.

Nigeria’s government is planning to create millions of jobs in Nigeria through her economic diversification into agriculture. Thank God for the new Minister of Agriculture who has been in the Agricultural business for over a decade.

This is because they have seen agriculture in a different way not just to farm to feed the populace but as a business that needs to be transformed into a mega business that will generate income, foreign exchange, and employment, as well bring about food security.

Agri-products Broker

Agriproducts broker is one of the opportunities that are available now in agribusiness though it has been in existence, a few people really have a clear idea about who these brokers are, why this work is so prestigious than it is, in reality, what most of these agriproducts brokers are doing and what they earn.

Let’s shed some light on the mysterious profession of an agriproducts broker and the essence of his work. Agri products broker can be both physical and legal persons, he plays the role of intermediary between the seller and the buyers of the agric produce both in the local and international market.

The broker is an experienced exchange a payer and a professional financier, who may not have the money to pay for products; agriproducts broker receives income in the form of a commission fee, which is measured in percentage from the amount of transaction.

The main goal of an agriproduct broker is to help valuable customers (buyers) find the right product, and to reliable suppliers (farmers) to market their products in certain markets both locally and internationally i.e to facilitate distribution by bringing buyers and sellers together.

They often have close relations with particular growers/processors/manufacturers and contract to sell on their behalf in return for a commission. The activities of agriproducts broker have reduced waste in the agricultural sector because of their relationship with farmers and farm products sellers; the communication gap has been bridged.

Agriproducts Broker Clients

Food processing industries

Exporters

Distributors

Food retail establishments

Requirements

For you to make it as an agriproduct broker you are required to register a company name with CAC as a limited liability company or business name which makes you a cooperate entity and as well stands you out from others.

A website if possible as you will be dealing with the international market for you to make it big. All over the world, agric products are in hot demand.

A traceable contact address.

You have to also register with the Export promotion council etc.

Contact farmers in your area and speak to them about selling their produce. Attend local farmers’ markets in order to make contacts. Ask farmers for lists of products they grow, and schedules for the availability of different varieties.

Products To Broker

Fish (dry or fresh), chicken, goat, cow, palm oil, beans, groundnut, skin, ginger, garlic, maize, millet, pumpkin, crayfish, ogbono, egwusi, pepper, and many more.

Financing

You can start with as small as N50,000.00 of N5,000,000.00. As a broker you may not really have the financial capacity to buy products and sell to the prospective buyer, all you need to do is to create a good relationship with farmers and they will entrust their products to you.

Those people that sell fresh fish or chicken in the market or along the road are a typical example of agriproducts brokers but they are not formal yet they are making good money from the business, most often they don’t pay farmers for farm produce they supply them, as they sell the money agreed on will be remitted.

You can make as much as N150,000.00 to N250,000.00 or in a month depending on your contact and marketing.

Finally, in today’s agricultural products marketing, brokers are kings because they have what the buyers and sellers don’t have which is information.

Start your own agriproduct broking business today by arming yourself with the needed information on Nigeria agric product season, locations, etc, and prospective buyers where you can find them both local and international.

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