Exciting Investment Opportunity for Primary Off-takers and Proxy-Farmers @ Kanuco Hectare By Hectare Poultry Farm, Gwagwalada FCT Abuja

Primary Off-taker
With only a guarantee to pay the sum of N110,000 per lot
(120 crates of egg) upon delivery, you can earn a profit of  not less than N7500 every 30days for a period of 48 months as a primary off-taker of Eggs.

No upfront payment required!

PROJECT OVERVIEW

Kanuco Investment Services Limited entered into a development agreement with Adasomi Development Company for the integration of its Poultry Farm under the Hectare by Hectare programme.

Pursuant to the development agreement, Adasomi has planned to deploy its HBH Crowd Funding Model in providing opportunities to participate as proxy farmers by taking up the available 90 lots under its Adasomi Farm Estates Scheme.

Inline with the spirit and objective with the Hectare By Hectare programme opportunities have also been created for primary off-takers to participate and earn sustainable income with very minimal cash outlay.

Terms and Conditions

  • The application fee shall be deducted from profit earned by primary off-taker at source.
  • As a primary off-taker you shall only be required to provide a guarantee to off-take a minimum number of 120 crates of eggs (1 lot) every 30 days within a period of 48 months.
  • Subject to a minimum off-take sum of N110,000 per lot and an application fee of N10,000 per primary off-taker (payable back-end), you shall upon receipt of the offer letter, issue an irrevocable payment instruction to your bank guaranteeing the first payment of the primary off-take sum for the eggs prior to sale to secondary off-takers/end users within the Hectare by Hectare value chain.
Very Important Notes:
  1. Subject to a maximum of 5 persons per lot, a participant can own a proportionate interest in a lot.
  2. At the discretion of the participant, each of the lots could be delivered to him/her, sold to a secondary off-taker/end user.
  3. Driven by the Hectare by Hectare BUY AND GET PAID Reward initiative, the numerous members of Hectare by Hectare premium (consumers) Cooperative Societies; constitute the bulk of the secondary off-takers/end users.
  4. Projected gross profit per lot due to a primary off-taker for the 48 months period is N408,000
Assumptions
  • That there will be a minimum of profit of N7,500 i.e. approximately N71 per crate for every cycle of 30 days.
  • That there will be 48 cycles within the 48 months period.
NO PRIOR PAYMENT REQUIRED FOR EXPRESSION OF INTEREST.

Interested? Click Here to Express your Interest as a Primary Off-taker


Proxy – Farmer 

As a proxy-farmer, you can invest and stay in the comfort of your home/office and let our technical team and resident farmers farm and manage your farm lot/lots for you.

You can own a farm lot/lots as a proxy farmer for a period of
7 years with only an investment of N1,996,670 payable 60 days after delivery of point-of-lay birds and commencement of farming operations.

***** Single-Digit Interest Loan Available *****
***** Loan Repayment tied to proceeds of the Farm Lot/Lots *****

 

PROJECT OVERVIEW

Kanuco Investment Services Limited entered into a development agreement with Adasomi Development Company for the integration of its Poultry Farm under the Hectare by Hectare programme.

Pursuant to the development agreement, Adasomi has planned to deploy its HBH Crowd Funding Model in providing opportunities to participate as proxy farmers by taking up the available 90 lots under its Adasomi Farm Estates Scheme.

TERMS AND CONDITIONS

  • Subject to a maximum of 3 lots per participant, each proxy farmer is required to pay an application/processing fee of N10, 000 per plot upon completion and return of application form.
  • The proxy farmer shall upon allocation of lot/lots, be required to pay the sum of 35,000 and 50,000 respectively per lot as deposit for farming right and legal fee, not later than 7 days to the commencement of farming activities in respect of the  lot/lots.
  • (The deposit in addition to 5% of gross quarterly income from each lot shall constitute the entire fee for a 7 years grant of farming right.).
  • 5% of gross quarterly profit for each lot shall be deducted at source as infrastructure maintenance fee, while 5% of profit shall be deducted at source as community development levy.
  • Each Proxy Farmer shall be entitled to 70% of gross quarterly profit on each of his/her farm lot.
  • Each Proxy Farmer shall receive a grant of farming right for 7 years duly executed in his / her favour by kanuco Investment Services Limited.
  • Resident Farmers shall be employed to provide extension services for the poultry as well as supervising farm laborers that would be employed for the maintenance of the poultry.
  • Upon the request of any proxy farmer, Adasomi shall provide Inter-mediation services for processing of Agric Loan to enable him/her to pay the fees contained in the schedule.
  • Subject to other terms and conditions, net interest payable on the loan shall not be more than 9% per annum.
  • Subject to a maximum of 5 persons per lot, a Proxy Farmer can own a proportionate interest in a lot.
  • Secured off-take available for every crate of eggs to be produced from each lot.

Schedule of Fees Payable Per Lot

SCHEDULE I                           

Cost of procuring 500 birds   

725,000

Cost of pen and cage

106,000

Cost of Generator

13,334

Security cameras and gadgets   

11,500

Cost of  transformer and installation 

32,000

Consultancy fee 

12,500

Agency fee  

25,000

Premium for fidelity insurance

43,125

Premium for yield protection insurance  

18,750

Fire/special perils insurance                                  

750

Sub-Total   

N1,059,959

Schedule II

Cost of feed for 5 months 

881,320

Cost of vaccine for 5 months      

11,000

Cost of training for resident farmer/farmhands  

1,667

5 months salary for farm assistants   

12,500

5 months salary for resident farmer 

2,223

Vet doctors fee for 5 months 

556

Cost of security guards for 5 months  

5,556

Cost of power for 5 months 

13,889

Management fee for 5 months

8000

Sub-Total

936,711

Grand Total

N1,996,670

Application Fee, Deposit for Farming Right and Legal Fee shall be made payable to:

A/c Name: Adasomi Development Company Ltd 
A/c No.: 
0250167901 
Bank: 
NIRSAL Micro Finance Bank Ltd

  • Payments for all the items contained in the schedule shall be made payable to a Project Account 60 Days after construction and operation of your farm/farms either by outright payment or through agricultural loan to be secured on your behalf by Adasomiat a maximum net interest of 9% per annum.
  • All allocations shall be on a first come, first served basis.
  • Where an applicant fails to get an allocation of lot/lots, his/her application fee shall be refunded.
        7 YEARS INCOME PROJECTION FOR 1(ONE) LOT

Cycle

Initial  investment

Projected cost for the remaining 13 months

Projected gross income due from sale of eggs and old layers

1st

N1,996,670

N2,435,446

N8,043,440

2nd

N1,738,586

N2,435,446

N8,043,440

3rd

N1,738,586

N2,435,446

N8,043,440

4th

N1,738,586

N2,435,446

N8,043,440

NOTES AND ASSUMPTIONS

  • Layers will be procured at point of lay.
  • Layers will start laying eggs 5 weeks from date of procurement.
  • Layers will continue to lay eggs for a period of 74 weeks from the date of procurement.
  • 16 crates of eggs will be produced per day.
  • Each crate of eggs could be sold to primary off-takers at minimum of
  • Part of the revenue to be generated in the first 5 months of each cycle, shall be utilized in funding the operations for the remaining 13 months of the cycle.
  • Net income due to a proxy farmer on a lot shall be determined after all legitimate deductions would have been made.
  • Quarterly payments of profit shall be payable only to the proxy farmer’s transaction account.
  • After each transaction cycle of 18 months the old layers will be sold at a minimum of N1500 per bird, and the farm restocked for the next transaction cycle.
  • Two months period is allowed after each cycle for restocking.
  • Subject to compensation payable on all insured risks, all losses that occur within the transaction cycle shall be shared equally by all the proxy farmers.
  • At the discretion of the proxy farmer, each of the crates could be pre-sold to a primary off-taker.

NOTE: Driven by the Hectare by Hectare BUY AND GET PAID Reward initiative, the numerous members of Hectare by Hectare premium (consumers) Cooperative Societies; constitute the bulk of the secondary off-takers/end users.

 NO PRIOR PAYMENT REQUIRED FOR EXPRESSION OF INTEREST.

Interested? Click Here to Express your Interest as a Proxy Farmer

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