Kurigram & Lalmonirhat
|Location||Kurigram / Lalmonirhat|
|Duration||4 month / 120 days|
Rice is the staple food of about 135 million people of Bangladesh. It is one of the cheapest and the strongest of all natural fibers and considered as fibre of the future. Almost all of the 13 million farm families of the country grow rice. Rice is grown on about 10.5 million hectares which has remained almost stable over the past three decades.
Total rice production in Bangladesh was about 10.59 million tons in the year 1971 when the country's population was only about 70.88 millions. However, the country is now producing about 25.0 million tons to feed her 135 million people. This indicates that the growth of rice production was much faster than the growth of population. This increased rice production has been possible largely due to the adoption of modern rice varieties on around 66% of the rice land which contributes to about 73% of the country's total rice production.
For people who are interested to be part of this farm, the value of per unit would be BDT 20,000 the farmer intends to cultivate on a land of 30 decimal, for 4 months or 120 days and yield a projected return of 5% which will be distributed at maturity.
How It Works
|Months||Net Profit||Return on funding|
What should be my expectations from my Rice farm units?
iFarmer manages the farm on behalf of the ‘Funder’ and ensures proper management against risk and also provides inputs, advisory and market access to the farmers.
On completion of your fund payment, you will be allocated with a total production of one farm, based on the availability in the project location and issued a Client Contract bearing your name and the number of the unit only for one production cycle.
Afterwards, iFarmer will work as your portfolio manager for the agreed time period, and when the contract period ends, you will receive your basic fund along with the offered dividend.
For people who are interested in Jute cultivation, they can purchase a unit value of BDT 20,000 which will be cultivated on a land equivalent to 30 decimal. The financing period is 4 months or 120 days with a projected return of 5% which will be distributed upon maturity.
What iFarmer offers as my Portfolio Manager?
Team iFarmer connects the farmers to the local and national market to sell the production of your farm for better price and ensures proper management against risk and provides a 360-degree regulatory service for the farm.
What happens if my unit fails to provide the return?
iFarmer has a team combined with agricultural, aquaculture, livestock and relevant industry experts who carefully select each farmer and are dedicated to counter any unavoidable circumstances within their best capacity. However, if the ecosystem goes beyond our control iFarmer will give back your basic fund along with the offered dividend before the due date.
What will be the mode of payment and how are you going to disburse it?
On completion of the cycle, you will receive your principal amount and dividend in your designated bank account shared in your iFarmer profile.
Is the return amount fixed? or can that vary?
For our Rice Farm 1, we are offering a projected return to our funders.
How many units can a person buy?
One person can buy a maximum of 5 units under his or her name.
Can anyone buy Rice Farm units from outside Bangladesh?
Yes, only the personnel having a bank account in Bangladesh can fund.
How does my Rice units value increase over time?
Team iFamer ensures that our farmers are supplied the best quality of inputs for their production, such as seeds and fertilizers. Next in line, we hold informative training sessions for knowledge development for the farmers and provide them with ancillary facilities during harvesting season.
We also help farmers sell their produce from each farm when it’s ready through our B2B partners to ensure both funders and farmers a better return.
Can I visit the farm?
Yes, you can. You only need to inform us in advance to ensure that you get the best welcome possible.
What are the benefits of being with iFarmer?
There are many benefits but here are the mentionable ones:
1. You are contributing to food security by funding in agriculture.
2. You become an “Urban Farmer” and everyone enjoys the production.
3. You are creating jobs where they are needed the most.
4. You make a good return on your money whilst enjoying all of the above benefits.
Not convinced yet?
Team iFarmer understands the value of your time, faith and money. Our team continuously appraises your funding for something much greater than monetary return.
Refund your Funding
iFarmer allows you to take back your funding within 1 week with 100% refund.
iFarmer team consists of sector experts with professional experience working in various high valued national and international projects.
Certificate of Ownership
Each funder will be provided with a Certificate of Ownership Farm (COF), which also explains the ownership of the unit with complete details.