About this farm
We are soon opening the first greenhouse farm near our goats and sheep farm in Mudug, Somalia. We chose to setup the pilot greenhouse farm here due to lack of locally produced food in this region. We have also access to water and land here. The farm will produce basic vegetables such as tomatoes which will be sold in the local market. The greenhouse will be fitted with drip irrigation system. The total size of this greenhouse farm will be 1080m2.
Investment in greenhouse farms
You can invest in the food we are growing in this greenhouse and will be eligible to get a share of the revenues from the harvest. Investors can invest in a minimum of 20m2. Your share of the revenues will be calculated based on how much percentage you have invested in the greenhouse. The investment price for this pilot greenhouse will be $ 10 per square meter. After paying all the costs related to the farm operations, investors will get 70% of the net revenues from the farm and 30% will go to Ari.farm. Revenues from the harvest will be distributed every 6 months for 18 months or until the investor has recouped at least 30% return on investment. After the investment period ends and you can withdraw your money or re-invest.
Our current estimates indicate that the greenhouse farm could produce around 6000kg per harvest. The local price for tomatoes in the region where the farm is located is between $1-1.5 per kg. Two people will work full-time at the farm and two others will be hired during the harvest. We estimate the operational costs will be around $2000 per harvest. Based on these numbers, we estimate the greenhouse farm could generate a net revenue of around $5000 per harvest of which 70% will go to the investors. It is important to note that these are just estimates and we can only provide real data after the first harvest.
Example investment in greenhouse farms
If the greenhouse size is 1000m2 and you buy 100m2 of the greenhouse for $ 1000, you will own 10% of the greenhouse. If the average harvest generates a net revenue of $ 5000 and total harvests of 4 in 18 months, investors will get 70% of the total net revenue which will be $ 14000 and you will earn 10% of total net revenues which will be $ 1400. Which is 40% return on investment.
This farm will create jobs for a local team of 4 people who will be responsible for taking care of the farming operation. They will grow the vegetables, sell the produce and maintain the farm. The harvest will also create seasonal jobs for local vegetables traders. The farm will also provide accessible and affordable locally produced food for the community. This region does not grow much food today so this farm will introduce new ways of farming and provide inspiration to other farmers.