|Farm size in sqm||644|
|Price meter square||$ 10 m2|
|Minimum order||20 m2|
|Number of employees||4|
|Next harvest report||2019-09-12|
We have built the pilot greenhouse farm near our goats and sheep farm in Mudug, Somalia. We chose to setup the pilot greenhouse farm here due to lack of locally produced food in this region. We have also access to water and land here. The farm will produce basic vegetables such as tomatoes which will be sold in the local market. The greenhouse is fitted with drip irrigation system. The total size of this greenhouse farm is 644m2.
You can invest in the food we are growing in this greenhouse and will be eligible to get a share of the revenues from the harvest. Investors can invest in a minimum of 20m2. Your share of the revenues will be calculated based on how much percentage you have invested in the greenhouse. The investment price for this pilot greenhouse is $ 10 per square meter. After paying all the costs related to the farm operations, investors will get 70% of the net revenues from the farm and 30% will go to Agrikaab. Revenues from the harvest will be distributed every 6 months for 18 months or until the investor has recouped at least 30% return on investment. After the investment period ends you can withdraw your money or re-invest.
Our current estimates indicate that this greenhouse farm could produce around 3500kg per harvest. The local price for tomatoes in the region where the farm is located is between $1-1.5 per kg. Two people will work full-time at the farm and two others will be hired during the harvest. We estimate the operational costs will be around $1400 per harvest. Based on these numbers, we estimate the greenhouse farm could generate a net revenue of around $2800 per harvest of which 70% will go to the investors. It is important to note that these are just estimates and we can only provide real data after the first harvest.
If you buy 100m2 of this greenhouse for $ 1000, you will own 15.5% of the greenhouse. If the average harvest generates a net revenue of $ 2800 and total harvests of 4 in 18 months, investors will get 70% of the total net revenue which will be $ 7840 and you will earn 15.5% of total net revenues which will be $ 1215 . Which is 21.5% return on investment.
This farm creates jobs for a local team of 4 people who are responsible for taking care of the farming operation. They will grow the vegetables, sell the produce and maintain the farm. The harvest will also create seasonal jobs for local vegetables traders. Most importantly, the farm will provide accessible and affordable locally produced food for the community. This region does not grow much food today so this farm will introduce new ways of farming and provide inspiration to other farmers.
Every investment carries risk and investment with Agrikaab is no different but we try to be transparent and do our best to minimize the risks. These are the potential risk with this project
By investing in this project, you agree to the following terms of investment as well as the general terms of service available here.
It has been very joyful to show friends and colleagues pictures of my animals in Somalia. They are a great icebreaker in business meetings as well.
Isak Bakken, Sweden
This is very interesting. To be able to own animals in Africa, support economic development and take a social responsibility.
Kenth Juthberg, Sweden
Always fantastic customer service. I've asked them several questions since joining and they have always responded fast and professionally about the matter.
Amerigo Lusso, Denmark
In a simple and playful, way we have now bought animals in Somalia. Through our investment we contribute to create jobs for people who don't have opportunities today.