Plantations are basically large scale farms where cash crops are planted like coffee, tea, pineapples, sisal, cane, pyrethrum, cotton and many more. Large scale farming is just as good an investment as any other in the market. A good investment is known by its growth, this one is even more actual as you get to see every step of the growth.
Investigate the venture thoroughly.Evaluate the benefits of this venture and seek out the other similar investors and hear what they have to say.Education on the cash crop you have picked out is important and advice from the necessary teams that have impact on the plantations one way or another.
Another thing you will need to do is look for the crop that will do well in your climate zone and also something you have knowledge of. For example a tea plantation cannot be planted in tropical zones, nor can a pineapple farm do well in highlands. Do a feasibility study to identify the climate, what the soil is appropriate for and what it needs.
Upon the checking of above, now identify the land of which you intend to invest in. The crop you have chosen to work with on the plantation automatically dictates the location of the land.Deliberate the good and the bad of choosing either an outright purchase or leasing of the land.Discuss and agree with the land owner of whichever option you seem fits you.
Laborers is also a key item to consider. Find out from the other land owners what they do and how they work. Consider the option of leasing over buying of equipment needed at the farm.If using machines, are there skilled laborers to handle the machines in the locale?Find out the wage.
The plantation requires Seedlings, fertilizers, pesticides and chemicals that is not far. Bulk purchase of the Seedlings, fertilizers, pesticides and chemicals is very important to be armed in case of emergencies. Any outbreak on the crops can make or break your plantation, remedies ought to be within reach.
Insurance is very important for this venture just like any other. Consider having your plantation insured and do your due diligence in hunting one that best suits you. Competition is rife with insurers, there must be one out there that covers agricultural enterprises. Be wise and get your plantation covered.
It is critical to put in mind the importance of capital. After evaluating all the above, seek the capital needed. Securing capital might prove to be a task if you had not set aside the figure required, therefore consider shareholders. Relieve undue stress off investors or causing havoc on the crops by lacking one item or another due to lack of enough funds.