5 key considerations to make when choosing a farmland for purchase, lease or placement

Finding agricultural land is probably the most desperate step when you want to settle. We're ready to get started, head full of ideas, crazy motivation! We become obsessed with the idea of ​​starting, but we need land that meets our criteria.

After setting the criteria that make the land suitable, you have to start looking for it. The risk, after searching for a long time, is to embark on a plot that does not suit you in the end.

Whenever you are thinking of acquiring a farmland, these are some of the things you should consider:

1. Location

How far are you from the market? Considering which farm to buy should be determined by the location in terms of distance to the market that you have identified.

2. Accessibility

How accessible or suitable is the road to the farm? This affects distribution channels if at all your farm is not accessible due to bad or undeveloped roads. Consider how long it takes you to reach your destination through remote and rural areas.

3. Infrastructure development

What developments does the farm have? Before deciding to buy or lease a farm, please consider development factors; is it fenced? Does it have water rights? Does it have network reception or internet connectivity? Does it have proper housing, water & sanitation? If not, is it really worth paying for? Be true and honest to yourself when answering these questions.

4. Size of the farm

Do you really need 16 hectares or a 4 hectare will do? Don't pressurize yourself to buy a large farm if your project only needs 2 hectares. Buy enough land to suit your idea and expansion plans. If you buy land that's big enough to fit your Agribusiness project, avoid paying for larger land that you won't need now & in future (plan ahead).

5. Competitors

Who is farming what in your area? Be sure that before getting into purchasing your land to grow tomatoes or raise cattle, you should know very well who your competitors are in the area & industry of choice. Avoid getting a farm in area where the market is saturated and hard to penetrate. But rather use this as an opportunity to learn from neighbouring farmers, benchmark from them and come up with a strategy to be different and earn a market share in the industry...Remember, this is business after all it's strictly financial.

Note: Use the above tips to avoid being tricked into buying land that is not in line with your farming vision.