5 Forecast for Agricultural Sector in the Post-Covid 19 period.

Definitely times are changing and every sector is being transformed by the impact of covid 19.

In the post covid era, the Agricultural sector will witness changes in the following areas

1)Agro-logistics:

As home deliveries are gradually becoming the new normal for most people, agro-logistics will become an essential part of Agribusiness.

Therefore, Agro logistics will be a very good area to invest in as there will be more need to convey farm produce to customers.

2) Database:

Money will be tied to the database. With predictions of reoccurring lockdowns even after the end of the first, there will be need to bridge the gap between your business and your customers.

So, Agribusiness owners will need to build their database to include contact numbers of retailers, final consumers and not only that of Wholesalers as they may not be available during total lockdowns. This is because they operate mostly in major markets.

3)Online Sales:

with the shift in trends, online sales will begin to account for a significant percent of revenue in Agribusinesses.

Therefore, online business presence will be non negotiable.

4) Incentives :

There will be lots of incentives such as low interest credit, favorably policies by the Nigerian government to encourage more people to go into Agriculture as it remains one of our major real sector.

Therefore, there is going to be a boom in agricultural production and revenue generation in the post covid era.

However, Agripreneurs will need to be prudent, creative and persistent in preparation for a possible price crash that might result from excess supply.

5) Organic farming:

On the global scene, more countries and institutionswill encourage and embrace organic farming than before.

This is because in the post covid 19 era, people are going to be placing a premium on their health.

More grocery stores that sell organically grown food items will begin to spring up in their numbers. It will be a reward season for organic farmers.

©Jumoke Ayeni

Agricultural Economist

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