Agricultural Cooperative Society to Partner with in Nigeria
Hi Darlington/ Wealthresult,
A friend and I would like to go into snail farming. We have a combined capital worth N100, 000. We were wondering where to find farmers who have farmland and want to work in partnership with Agric investors to materialise farming projects?
There currently is a farm company we were going to work in partnership with. The agreement was for them to provide land as equity in exchange for 20% of snail produce upon harvest. They were also supposed to manage the farm from beginning stage until harvest. The main problem we encountered along the way was inconsistency of information. They were going to stock the snailery with achatina achatina parent stock snails.
They claimed the specie would lay only 12 eggs at a time but popular information online is that the achatina achatina specie lay up to 300-500 eggs per clutch. Their projection greatly reduced my business plan’s financial projection by millions in naira. This has created a situation of distrust and cold feet in my project. I came across this article online supporting my findings – Snail Farming: Sourcing and Rearing (http://agronigeria.com.ng/snail-farming-sourcing-and-rearing/) and thought I should reach out to you as it also seems consistent with information on your website.
If you do not engage in partnerships with investors/ Agric entrepreneurs, could you please point me in the direction of farm companies out there who do? I have the capital. I just need land and management in exchange for a share of snails sold.
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Pls 100k is more than enough. Snailry can be built even in your compound depending on how big it is. And they even rear then in makeshift snailry made of tyres for starters. Please, let me know if you find a reliable partner to run the business, I am looking to invest.
I think the amount you have (N100,000) is certainly not enough for anyone to agree a serious partnership with you. N100,000 is too small and may not even be enough to start snail farming in its smallest scale. Remember you are going to buy land and build snailry.
I will advice you to add up some amount and try to start small snail farm on your own. However, if there is anyone who is willing to partner with you on that amount, the person should indicate by answering this question.
Hi there Fadeyinmi,
Thanks for getting in touch. We’re aware that a small-scale snail farm can be built with as little as N50, 000. We’re still looking to find a farm where the project can be executed. An actual farm is the preferred option just because it has all the elements of a snail’s natural habitat thus means less risks posed to snails’ reproduction capacity.
The idea of changing soil as is often the case with make-shift snailerys could also mean damaging or losing laid eggs in the process. Currently in talks with some farm companies who can guarantee a more lucrative number of reproduced snails than the previous farm company we found. Alternatively, we would just go back to the first farm company we developed an agreement with and see if greater investment would mean significantly more production.
They already have constructed snaileries on their farm land, its just empty and need capital to stock the snailery with parent stock snails for breeding. They also would be responsible for managing the stocked snail farm for the length of the contract which is a great offer because their farm is far out in the rural areas of Ijebu Ode, so saves transportation costs. Glad to hear you are looking to invest! We could rally some more people looking to invest small medium or large amounts, form a cooperative and build a large-scale snailery!! Stay in touch!