Greenhouse Farm

Galkacyo, Somalia

This farm will consist of 50 greenhouse units with possibility to extend up to 200 units.

Farm size in sqm: 4200 m2

Minimum investment: 20 m2

Price meter square: $ 10

Expected employees: 10-12

Estimated annual ROI: 10-40%

Next Harvest Report: 2020-03-15

About the farm

This farm will consist of 50 greenhouse units with possibility to extend up to 200 units. The farm will produce diverse vegetables such as tomatoes which will be sold in the city of Galkacyo and nearby towns. The greenhouses will be fitted with drip irrigation system. The total size of this greenhouse farm will be 9800m2. During the first phase, we are building 4200m2 of this land.

Investing in greenhouse farms

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 until the investor has recouped their money back plus 60% profit. You can withdraw or re-invest your earnings at any time.

Our current estimates indicate that the first phase of this greenhouse farm which will be 4000m2 could produce around 16000kg per harvest. We expect to sell the produce for a wholesale price of $0.5-1.5 per kg. 4-12 people will work full-time at the farm. We estimate the operational costs will be around $9 360 per harvest. Based on these numbers, we estimate the greenhouse farm could generate a net revenue of around $9 840 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.

Example investment in greenhouse farm

This is an estimate of potential return on investment on a 3.5 year period.

Invested Share Payback A. ROI
$ 200 0.5 % $ 332 19 %
$ 1000 2.5 % $ 1660 19 %
$ 5000 12.5 % $ 8 300 19 %
$ 10 000 25 % $ 16 600 19 %
$ 20 000 50 % $ 33 200 19 %
$ 40 000 100 % $ 66 400 19 %

Local impact

This farm is expected to create jobs for a local team of 12 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.

Risk assessment

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

  • Security [medium] The security situation in this area is unstable. We have a team at the farm at all times. There is potential clan conflict in this city.
  • Failed harvests [medium] There is a risk for failed harvests, specially during the early harvests. We are hiring experienced agronomists to optimise the productivity of the farm.
  • Water cost [high] The cost of water is too high. We are working to build farm ponds to harvest rain water to reduce water costs.
  • Disease [medium] There is always risk for diseases but we have the necessary treatments, pesticides and fertilizers.
  • Theft [low] There is low risk for theft of the produce.

Our impact

Creates jobs

Our investment creates jobs and livelihoods for farmers, livestock herders and traders who benefit from our projects and services.

Locally produced food

Our investment inceases local food production from our own projects and microloans for others in the agriculture value chain.

Supports the local economy

Agriculture is over 75% of Somalia’s economy (GDP). We are bringing global investment to this vital industry for the local economy.

Our global investors

Our investors come from all continents from more than 50 countries

Somalia Kenya Sweden USA Germany Canada Denmark Finland France Spain Portugal Italy Czech Republic Slovakia Slovenia Estonia United Kingdom Netherlands Ireland Australia New Zealand Singapore Malaysia Mauritius Uganda South Africa United Arab Emirates Saudi Arabia Bahrain China Japan South Korea Argentina Brazil Poland Croatia Turkey Hungary Uruguay Malta India Luxembourg Romania



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