How to Secure Funding for your Agribusiness

Just having a million dollar agribusiness idea will amount to nothing if you do not have adequate funding to implement and execute, this applies to all sectors of agribusiness. You will need money to get all the resources necessary and required to set up your agribusiness venture. After carefully planning your agribusiness venture, the major determinant of its productivity, profitability, sustainability and success all round is availability of adequate capital to start and run your agribusiness venture. Capital and funding is so much important in agribusiness to the extent that it base determines your scale of production which in turn has huge impact on its profitability, effectiveness and efficiency. It costs money to start a business. Funding your business is one of the first and most important financial choices you would make as an Agripreneur. How you choose to fund your business could affect how you structure and run your business. 

What is Sustainable Agribusiness?

Firstly, I would like to establish what I meant by this Sustainable Agribusiness, the term Sustainable is controversial, it can be explained and interpreted in different ways, so, it is very easy to get confused here. The sustainability in this context is different from the one commonly known in Sustainable Agribusiness which has to do with setting up a venture  or enterprise that has minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy. A business that strives to meet the triple bottom line. that participates in Environmentally friendly or green activities to ensure that all processes, products, and manufacturing activities adequately address current environmental concerns while maintaining a profit. In other words, it is a business that “meets the needs of the present world without compromising the ability of future generations to meet their own needs.