In 2007, Bangladeshi farmers harvested 4.3 million tonnes of potatoes (12 times more than in 1961), which placed the country at No. 14 among the world's potato producers and No. 4 in Asia. Annual consumption has been growing briskly, from around 7 kg per capita in 1990 to more than 24 kg in 2005. According to the Directorate General of Food (DGoF), the annual demand for potato in the country is 6.5-7.0 million tonnes against its production of 8.95 million tonnes (FY 2014).
Over the span of 4 months, a typical potato farmer cultivates potato once in the agricultural seasons of Robi. As mentioned, potato plays a prime role in our diet, grown in the Northern regions of Bangladesh. Adding to domestic demand, potato exports have increased by 29 percent year-on-year to 45,000 tonnes in fiscal 2019-20. Given the market demand of potato in the nation and abroad, the investment scope can be called a rather ‘risk-averse’ opportunity.
For people who are interested in the Potato cultivation, they can purchase a unit value of BDT 30,000 or the equivalent of 1300 Kg of Potato. The financing period is 4 Months with a return of 6.5% which will be distributed with in 120 Days.
How It Works
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What should be my expectations from my potato 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 Potato cultivation, they can purchase a unit value of BDT 30,000 or the equivalent of 1300 Kg of Potato. The financing period is 4 months with a return of 6.5% which will be distributed within 120 days.
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 Potato Farm, we are offering a fixed return to our funders.
How many units can a person buy?
One person can buy a maximum of 10 units under his or her name.
Can anyone buy potato farm units from outside Bangladesh?
Yes, only the personnel having a bank account in Bangladesh can fund.
How does my potato farm 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. The joy of being part of quality agriculture production.
2. You are contributing to food security by funding in agriculture.
3. You become an “Urban Farmer” and everyone enjoys the production.
4. You are creating jobs where they are needed the most.
5. 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.