Note: Since the time I wrote this post, FarmCrowdy’s return on investment has now become the lowest in the market. There are many other players.
I have received quite a few questions about FarmCrowdy, the agro-investment company. (I wrote a personal testimonial about them here) Here are the questions and answers:
Q: Where is FarmCrowdy’s physical office?
A: The office is at 14B Robert Nebolisa Street, Off Osamudiamen Otabor Street, Idado Town, Igbo-Efon Lagos.
If you are heading there from Victoria Island/Lekki, Igbo-Efon roundabout is the next one after Shoprite (Circle Mall). Turn left at the Igbo-Efon roundabout to get to Idado Town. In Idado Town, take the 2nd turning right (after the mosque), then take the 2nd turning right. The office is the 8th building on the right, with a white gate and No.14B written on it.
Q: How safe is my investment? Is my principal guaranteed?
A: FarmCrowdy is selective about the farms it invests in. The company has farm extension officers that work closely with farmers on the field, to ensure optimum yields. All farms are insured by Leadway Assurance. In the event of unforeseen circumstances, the insurance covers the sponsor’s capital. (Side note: I have read FarmCrowdy’s policy document from their Insurance Brokers.)
Q: Can I visit the farms I have invested in?
A: Yes. Notifications and announcements are made to all farm sponsors to indicate their interest in visiting farms. This allows the Farmcrowdy team to plan the logistics of each visit. All farm sponsors bear their own transportation costs.
Q: Why are some farms in the Farm Shop unavailable? Why is the website saying there are 0 farms left in some categories?
A: Please note that FarmCrowdy has a limited number of farms in its portfolio that have been verified. As farming is seasonal, once all the farms have been invested in, they do not become available until the current investment cycle is over. Check back in a few weeks or register and you will receive a notification when the farms become available.
Please send an email if you have further questions, after reading my article.
Edit: Since I wrote this post, FarmCrowdy has suspended its referral reward programme. (They may reintroduce it, so keep an eye out.) A new kid on the block and competitor, Thrive Agric, has also emerged.I answer a few questions about @FarmCrowdy, the agro-investment company. Click To Tweet