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Frequently Asked Questions

Farm Up

Q

What is Farm Up?

A

Comprising Farm in and Farm out, this is a farming option created to give investors the chance to own farmlands and get the experiential action of farming for themselves or employing the services of FarmPark to grow produce and earn returns.

Q

What are the packages under Farm Up?

A

Farm-in and Farm-out.

Q

What is Farm-in?

A

This is the package where interested parties buy the farmland from Farm Park and manage the farm activities themselves. Client buys or leases a farmland from our farm estates and carry out the farm practices themselves.

Q

What is Farm-out?

A

Here, interested parties purchase the farm land from Farm Park and we help manage the farms and market the farm produce. At the end of every farm cycle, the farm owner and Farm Park shares the profit at a ratio of 70:30 respectively. The investor/farm owner takes the largest portion of the profit while Farm Park takes the least. The expected ROI depends on the type of farm the individual invested in/on.

Q

After paying for Farm-out package, is the land mine?

A

Yes.

Q

What is the size of a plot?

A

600sqm

Q

Can I start farming activities immediately?

A

Yes

Q

Is there any restriction regarding the type of land I can set up in the farm estate?

A

No. You can decide on any livestock or crop, but all building design must conform to the required farm structures for similar types of farming, as regulated by FarmAgro Project Limited.

Q

Can FarmPark build my farm for me?

A

Yes, FarmPark constructs Farms, both for Farm-in and Farm-out subscribers.

Smart Farmer

Q

What is Smart Farmer?

A

This is an agricultural investment package that allows you reap amazing returns on investment depending on the type of farm you choose, you can earn up to 50% ROI from either of our packages.

Q

What are the packages open to a smart farmer?

A

The packages we offer is E-farming and Agro space Banking.

E-Farm

Q

What is E-farming?

A

E-farming is a joint farm sponsorship programme that allows you buy small units of a farm cycle with a unified purpose, all the farms are insured, and the units are limited and usually gets quickly sold out.

Q

How is a unit of farm measured?

A

A unit of farm cannot be measured with produce or farm land size, It is a unit of farm investment.

Q

How much is a unit of E-farm?

A

A unit of E-farm is N25, 000 so, with as low as 25,000 you can sponsor a farm.

Q

What is the duration of the E-farm sponsorship?

A

The duration of an E-farm sponsorship is for a scheduled interval depending on the farm produce available for investment.

Q

How do I sponsor a Unit of E-farm?

A

To sponsor a farm please visit our website www.farmpark.ng to see investment options, then download the E-farm app here to be enable you invest or contact us at care@farmpark.ng so an agent can guide you through the investment process.

Q

How Many Units of farm can I sponsor?

A

You can sponsor as many units is available on the investment platform in multiples of the investment capital depending on your budget and the money you have at your disposal to invest.

Q

Can I sponsor as many farms as I want?

A

Yes, you can sponsor as many units of various farm investments available.

Q

Is the Return on investment fixed or does it vary?

A

The return on investment is not fixed, it varies depending on the farm produce type and duration of investment.

Q

Where is the sponsored farm located?

A

The farm location depends on the farm that is available for sponsorship as we have various farms in different locations in and out of state

Q

As an investor, can I visit the farm I sponsored?

A

Yes, an investor can visit the farms he sponsored but will notify us few days before visitation.

Q

How do I monitor my Investment?

A

You can monitor the status of your investment on the smart farmer app.

Q

Do I get updates on the activities carried out on the farm I sponsored?

A

Yes, as activities are been carried out on the farm, monthly pictorial updates will be sent to investor.

Q

How do I know my investment is secure?

A

The e-farm investment platform also has an insurance policy cover with ANCHOR INSURANCE AND N.A.I.C and upon investment you will be issued a certificate of investment.

Q

Can I refer people to invest in the E-Farm?

A

Yes, and get a commission when referrals invest on the E-Farm platforms.

Agro Space Banking

Q

What is Agro Space Banking?

A

It is a joint ownership programme that confers Co-Ownerships of selected farms, and generates Monthly returns on investment for the subscribers.

Q

How much is required to be a co- owner?

A

An Investor is required to pay a minimum of 50,000 to co-own a farm.

Q

What is the duration of the Co- ownership?

A

Depending on the farm type.

Q

How do I Co Own a farm?

A

To co- own a farm please visit our website www.farmpark.ng to see farm options, then download the Agro space banking app here to be enable you invest or contact us at care@farmpark.ng so an agent can guide you through the investment process.

Q

How Many farms can I co own?

A

You can co own as many farms as possible on the investment platform in multiples of the investment capital depending on your budget and the money you have at your disposal to invest.

Q

Where is the location of the farms?

A

The farm location depends on the farm that is available for co-ownership as we have various farms in different locations in and out of state.

Q

As an investor can I visit the farm I co own?

A

Yes, an investor can visit the farms he sponsored but will notify us few days before visitation.

Q

Is the ROI fixed or does it vary?

A

The ROI varies depending on the farm investment involved

Q

What is the minimum and maximum investment level?

A

You can invest from 50,000 – 50,000,000

Q

How do I monitor my Investment?

A

you can monitor your investment through the FarmPark smartfarmer app.

Q

If I co-own a farm, do I get any form of certification upon investment?

A

Yes, and investment certificate will be issued to you indicating your investment details.

Q

Do I get updates on the activities carried out on the farm I co-own?

A

Yes, A monthly report will be sent to you about the activities going on in the farm.

Q

Are the investment insured?

A

Yes, all farms are insured and your investment is secured.

Q

Can I refer people to co-own a farm?

A

Yes

Farmers Support Program

Q

What is Farmers Support Program for FarmPark?

A

This is a CSR outreach program organized by FarmPark for indigent farmers in collaboration with research institutions, providing them with required farm inputs, Finance, training and agricultural extension services that will expose them to the best farming practices to improve their yield and link them to market to increase their revenue generated from agriculture.

Q

Do I have to pay for registration fee to access Farmers Support Program from FarmPark?

A

NO, you do not need to pay for FSP for FarmPark; you have access to every opportunity from FarmPark’s FSP once we have you registered on FarmPark’s database and eligible for FarmPark’s FSP.

Q

What language is the farmers thought and communicated to during outreach?

A

The indigent farmers are thought by the common and indigenous language of a host community, in case of the farm extension service personnel speaks only English, then we have a middle man as an interpreter to translate to a local language of the host community.

Q

How can I access the FSP from FarmPark?

A

Kindly visit our website www.farmpark.ng , click on the FSP option and fill the form or send mail to care@farmpark.ng indicating your interest, host community or corporative society, after that ,FarmPark will assess your eligibility and provide you with the requirements.

Q

Can I nominate a farm settlement, Farmers cooperative society or community for Farmpark’s FSP?

A

Yes; if you have any farm settlement you think might be in need of the FSP from FarmPark, you can nominate them.

Q

Can a poor person become a Farmer or partake from the FSP for FarmPark?

A

We do not know specifically what your definition of poor is but the FSP for FarmPark has been designed so that average Nigerians can join the Agricultural revolution and help save our Economy from dumping and improve our wellbeing.

Farm Park Academy

Q

What is Farm Park Academy?

A

FarmPark Academy is the school for farmers, investors or agriculture enthusiast where FarmPark offers short courses on various Agricultural products

Q

Do i get a certificate after the training?

A

Yes, the training comes with a certificate.

Q

What is the duration?

A

The duration varies depending on the training involved

Q

How much is the cost of the training?

A

????

Q

Who are the facilitators of the training?

A

The Facilitators are professionals in agricultural sector and differs depending on the training course.

Q

Can the lessons be carried out online?

A

Yes, you can join the training via online, after registration, the training details will be sent to you.

Q

Is there a venue for the physical lessons?

A

Yes, Venues will be communicated for each training.

Q

Will there be practical/theoritical lessons during the duration?

A

Yes, there will be a theory and practical training depending on the training.