Agricmedia Farmers Multipurpose Cooperative Society
Agricultural Investment Services
Payment of Investment Seeds
This is the desired shares value paid by members hence, proceeds of the investment are shared based on contribution at the end of the year
Attend monthly business meetings at either our Lagos corporate office or Farm House in Oyo State. Annual Investors Meetings in Chicago, USA. Attendance is optional.
It is mandatory by the laws governing cooperative societies in Nigeria for members to pay the minimum required monthly membership fees
Agricultural loans are available to Agricmedia Co-op members based on funds availability, percentage of contributions and fulfillment of necessary terms and conditions
Agricmedia Farmers Multipurpose Cooperative Society Ltd (AFMCS) is the hallmark of our agricultural investment services; it is done in-conjunction with state governments, financial institutions such as Bank of Agriculture, Bank of Industry, commercial banks with Agric Desks and corporate agricultural companies.
The AFMCS is strictly monitored by members, patrons, advisers, independent foreign observers/advisers and respective government agencies. AFMCS is strictly governed by the agricultural multipurpose cooperative society laws of Nigeria.
We have a target of 30 to 50% Return on Investment (RoI) on the invested capital per annum depending on the business terrain.
- Profit Sharing (Shares): Primary profit sharing is done at the end of the year on the invested capital.
- Profit Sharing (Monthly Contribution): Secondary profit sharing based on accrued profit, sharing is done at the end of the year.
- AFMCS takes 2.5% of accrued proceeds from various investment (Primary, Secondary or any others)
Return on Investment (RoI) on our cooperative society is dependent on the agribusiness activities engaged by the cooperative society and as agreed by members which includes but not limited to:
- Crop production
- Animal production
- Supply of agricultural produce and services (supplies)
- Agro Processing