INVESTMENT IN AGRICULTURAL PROPERTY AS A CATALYST IN ORUMBA NORTH L.G.A OF ANAMBRA STATE
Investment in agriculture was purely on subsistence basis in the past until recent when it has been operated on large scale. It is a booming venture in developed countries of world. In Nigeria, it is mainly focused on cash crops. Live stocks, fishery. Wood lands pasture lane etc. Most of them are owned by government and their agents. The emphasis and campaign placed on agricultural property investment has made individuals to embark on such venture. Due to the fact that the benefit derived from agriculture and numerous, the government has started giving proper attention to investing in agricultural properties rather than hoping on oil for the economy. In this project research work, the main objectives are to discuss, on the investment in agricultural properties as a catalyst in Orumba North local Government Area, the types and their importance the impacts, problems affecting it etc. Going by the widely prevalent thirst are urge for investing in agricultural property however, my recommendations are conclusion are very lively to favour the positive effects.
1.1 BACKGROUND OF THE STUDY
Investment in agricultural property is not advanced as that of developed countries of the world. Agricultural property investment amounts to all investment operation in such property as cash crops, livestock, pasture land, cottage etc.
Nigeria generally is blessed with fertile and large area of land with abundant human and natural resources, which if harnessed effectively under the guide and supervisor of the experienced property manager (Estate surveyors) will help a lot in solving the battered economy of Nigeria.
Inspite of the numerous benefit derived from agricultural properties, Nigeria still give it little attention they keep on hoping on crude oil for the economy instead of diversifying her investment in other resource like Agricultural property.
With the benefit ard returns realizable form the investment in agricultural properties, it will serve as an alternative. Sources of life and a catalyst for speeding development of rural areas.
1.2 STATEMENT OF PROBLEM
Investment in Agricultural properties in rural areas amounts to under utilization of both natural and human resources to boost the increase in production of food and cash crops etc in large quantity.
This work is made to know how agricultural investors would achieve their objectives. It will be shown that agricultural property investment is a worthwhile and beneficial venture forming the catalyst to rural development and economic revetry of Nigeria’s battered economy.
1.3 RESEARCH QUESTION
Due to some hindrance encountered in agricultural investment in some area: the following questions were emanated on its effect to the area of study.
1. Will agricultural investment reduce the increase of unemployment in the country?
2. Is there any formal training for investors?
3. can the investors in agricultural properties receive any grant, from he government?
4. What are the major problem facing the investment in agricultural properties?