@THE-EAST-AFRICAN

Go back to the land, plant your money and watch it wither - 8 months ago, 9 Aug 16:41

Fredrick Golooba- ...

A while ago, I wrote about the growing popularity of farming among Uganda’s social elite, and how, contrary to popular urban myth, investing in agriculture is not always as lucrative as some people would have you believe.

There are many reasons well-heeled urbanites are returning to the land. One is that some have money to spare and so they decide to buy some land as an investment. In the tradition of one thing leading to another, they may decide to “do something” with their acquisition.

There is a whole range of activities to invest in. Some plant trees, hoping to sell them for a lot of money one day. Pine and eucalyptus are particularly popular. Others go into animal husbandry. They take to rearing pigs, rabbits, goats, chickens and cattle. Others invest in growing maize, bananas, coffee, beans, avocado, passion fruit, mangos and other “marketable crops.”

Some are “forced” into farming by the ...
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