Saturday, April 11, 2020

Corona Lock Down-Greatest Business Opportunity for Farmers

During this Corona virus lock down situation, farmers in India are facing serious challenges in selling their products and continuing their farming activities.Continuing farming activities in such situations are difficult but if you already had implemented below suggestions given earlier in this blog,you can easily this situation.Below are the posts which will help you in this

1)Liquidity issue:Not only farmers,all the businesses are facing cash crunch during this lock down.If you have saved your Emergency fund,you can easily manage this situation.We had given detailed post on this subject:Emergency Fund

2)Track your Income and Expenses:You should track your Income and expenses daily.Take necessary action to eliminate or postpone the Expenses part till the situation comes to normal.You can think of opportunities to increase the income part.Detailed post was given in this post:Track your Income and Expenses

3)Farmers Co-operative Societies:Existing farmers co-operative societies can easily tide over this situation.They can attract bulk buyers easily and  can arrange transportation of farm materials easily.Individual farmers are facing much difficulty in such activities.We had suggested about forming farmers associations in many posts.One such post (The post is regarding Onion farming,but you can apply it anywhere)is given in the link :Farmers co-operative Societies.

If you have not done any of this,still you have got opportunities

Realisation is the greatest teacher.

You have got the Greatest business opportunity

It is proved that local shops and online delivery stores are the greatest business opportunities in this situation.During Lock down people were heavily depending on these modes of businesses.Online stores failed in some areas due to logistic issues but are doing great work in city areas.Local stores are doing their best to cop up with the surge in demand.Farmers are having great business opportunity here.

Take these steps immediately within a week

1)Form a group of  five to six farmers having similar business mind.
2)Take orders from local shops which are selling your farm products.OR  take orders from consumers directly(Homes/flates in your nearby area)
3)Use social media like WhatsApp ,facebook groups to get orders and information regarding available items to sell.Arrange delivery.
4)Use cash on delivery or Digital payment methods.Digital payment methods are recommended.
5)Forming farmers group will help you to overcome any challenge you face in this situation.Biggest challenge will be logistics,which you can overcome with a group of farmers by contacting local authorities.

If you can execute these steps,you have done a very good service to the society in this tough situation.If you ensure daily service with reliability and trust,you can continue this business even after lock down. You must understand that difficult situations give birth to greatest opportunities.

Note: You must check the current Lock down situation in your area before venturing in to the business.You must take approval from local authorities so that you will not face any legal issues.Considering this situation,most of the authorities will give approval for home delivery of farm items if the condition permits.

Please comment below your experiences and any queries

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