Factors To Consider When Buying Farmland In Nigeria

FACTORS TO CONSIDER WHEN BUYING FARMLAND IN NIGERIA

Finding and accessing arable farmland in Nigeria is one of the most resilient part of farming for a new farmer, in particular, those who do not possess any form of inherited land. As a farmer, you need to find the right land, find the right factors encompassing the land that will support your crop production, give you maximum yield of your crop and generally ensure you have a seamless farming operation session.

With the land use decree of 1978, the government is the sole source of acquiring land in Nigeria given the statutory rights of occupancy, however, statistics have shown that more than 50% of Nigerian farmers acquire their land through inheritance. Some of the large-scale farmers either purchase or rent more land to augment inherited parcels of land.

 

 

Buying or leasing farmland is not a one-stop deal. It takes patience and determination to find the right farmland. In this article, we would be sharing some vital ways land can be easily acquired in Nigeria

  1. Acquisition from Government

At least one million hectares of government-owned farmland is available for farming in rural areas across Nigeria. These plots of land are usually given out to local and foreign investors at very affordable rates. It is equally easy for farmers to access such lands in order to start or expand their farms.

  1. Acquisition from Village Chiefs

In some parts of Nigeria, mostly rural areas (villages), land acquisition is usually described as traditional, i.e. by oral agreement with the community representatives. This is as a result of abundance of land, the villagers being predominantly farmers and the land relatively fertile. Typically, potential farmers could approach the village chief and request the allocation of an area of land. This is mostly achievable if the farmer has family links to the village. The rural land market is informal, and not documented in most cases.

  1. Acquisition from Organizations or Investors

Investors, Individuals and Organizations that have unused lands usually partner with farmers who would use their lands until it is ready for their original purposes. Alternatively, the partnership can be developed such that a Return on Investment is given to the Investor or Organization after each farming session. This enables trust between both parties

You must make sure you know exactly how much land you are buying; plots, acres or hectares. Also, always confirm the size before buying or leasing, this can be done through the help of a surveyor. Find out the correct market value of similar land around the area. The decision to buy or lease a farmland should be dependent on your duration and choice of farming. Before buying or leasing that land, there are important factors to consider namely:

  • The Soil Condition

The type of soil and its condition can affect your farming activities. Run proper soil assessment tests on the area, determine its type, characteristics and drainage class. Also, check for heavy metals and other unwanted buried residues that can inhibit your crop growth. Also, understanding the flooding pattern of the area is very important.

 

 

  • Water Supply

Ensure there is a source of clean water supply available on or nearby the land before acquiring it. A farther source of water can be labor and time consuming which can result in unnecessary expenditures. Water is important for any type of farming you are interested in.

  • Proximity to Market and Good Road Network

The closeness to local markets and distribution channels is very important especially if your crop is perishable. Is there a good road network in the area also? Accessibility of the land to major roads will enhance easy access to the location of your farm for distributors.

  • Entrance to your Farmland

Can heavy equipment such as tractors go in and out of your farm easily? Do you have to pass through another farmland before getting access to your land? Always check the entrance space to your land before acquiring it. The entrance should be wide enough to take farm machinery and should not have to be through another farm. If there is no access road to the farm, it is high risk to thread and probably a sign to back out of the deal.

 

 

  • Rules and Regulations

Are there restrictions imposed on the property. Does it conflict with the state or federal government regulations? Always do your research to ensure you are not infringing on any law or regulations in the area.

 

At Xtreme Returns Farms, we advise farmers on land acquisition by providing support and technical assistance. We also help you get your farm ready by using new approaches and methods that will improve your farm. Kindly call +2349030001295 to request for our service or visit our consulting page for more details

 

 

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