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☑️NEW FarmOn.ph Reviews: SCAM or LEGIT?

LuckMagnet

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FarmOn.ph Reviews.jpg

FarmOn.ph is a virtual farming website. Have you ever heard about virtual farming before? Virtual farming is a crowdfunding type of website that you can invest money in to help farmers in the Philippines. If you are not familiar with crowdfunding it works like this. You’ll put up a certain amount of capital. You get to choose how much you want to invest in the project. Now, you get to choose the farmer and the crop you want to invest in. You can only invest in this project at certain times of the year. It is always after one harvest and time to plant again for the next harvest. Just keep an eye on the site to see when you can invest. You’ll need to join the site and wait for one planting cycle to complete before you can invest in the next planting cycle.

How Does This Work?

Join: You’ll need to join the site and be a member of the site for one complete planting cycle.

Invest: You can now invest in the next planting cycle when it opens.

Selection: You can choose your farmer and the crops you want to invest your money in. Not all farms and products are available at each planting cycle. You’ll need to check the site to see which farms will be funded and which crops they’ll fund during the current planting cycle.

Plots: You will select the number of plots you want to fund. You can choose as many or as little plots that you’d like to invest in. At the bottom of the page, the site will calculate your investment. If this isn’t your first investment and you have an account balance on the site, you can reinvest this money for the next growing cycle.

Contract: You’ll get a contract from the site. However, if you want a notarized contract you’ll pay the site P250 for the contract. Once you know what you need to invest it is important to send the funds immediately. After you get your contract. When you receive your contract it isn’t possible to make any further investments or change your selection. You’ll need to send the company a photocopy of your investment, so they can make sure you’ve sent the funds.

How Do You Earn:

View: During the growing cycle, you’ll be able to watch each farmer and how they are doing. The company will handle monitoring the farmers, supplying them with the grain and all they need to make their crops grow. They send them fertilizer and pest control products to guarantee the crops are a success. They also have an agent assigned to the farm to make sure the farmers are fulfilling their obligation to you.

Harvest: At harvest, the company handles the sales of the products. This way the farmer gets a fair price for selling their products at the market. If the company didn’t handle this, the farmer would be ripped off and receive a very low price per kilo sold.

Funds: After the crops are sold you are paid on a First Pay, First Out Basis. The amount of money you earn will depend on the yield, your investment, and how much the crops were sold for. You can withdraw your funds or carry the funds over to the next harvest or growing cycle. If the crops fail the company will fund the farmer for a second growing cycle. This will recover your investment and you’ll just need to wait for another growing cycle in order to earn from your investment.

Has anyone ever invested in virtual farming before?
 

katie

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I've heard good things about this from a few places, including that it gives decent returns. I've heard 20-35% quoted. although I'm not sure how true those figures are. Crowdfunding farms seems a really original way to make money online, help farmers, and great for Farmville addicts.

I've heard of something similar called Cropital, but I don't have any details about that, or how it compares to Farmon.ph.
 

LuckMagnet

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I may consider checking out cropital because Farmon have limited slots for investors because they don't want to have an overwhelming inventory. I am more confident on investing on vegetables because they reach maturity faster. I hesitate with livestock because I will wait multiple months or even a year before animals reach sexual maturity. Online farms are definitely better than farmville. I might consider investing on Tilapia because I heard it is now the most eaten fish in the world. It clearly have a high demand.
 

LuckMagnet

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I just made a lot of money with Farm on! I invested on Tilapia because I know they grow fast and my money tripled! It is a legit site but it is hard to register. They are currently close and on their next open season I will be investing on vegetables and swine.
 
L

Lovely

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I just made a lot of money with Farm on! I invested on Tilapia because I know they grow fast and my money tripled! It is a legit site but it is hard to register. They are currently close and on their next open season I will be investing on vegetables and swine.
This is a great investing sector,in my country commercial farmers are in cool money because of the near famine in the country.Any small garden with some cultivated vegetables is a goldmine for owners.Wish this was for everyone would have introduced so many people to this site.
 

Po1son

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This is actually a very good way to help raise some finance to help the local farmers. Glad to hear that you earned by investing in this program. The good thing is that they equally show you how the animals you invested on are being treated.
 

chef thirdy

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does these farmon.ph is legit do you have any prof that they can be trusted during investment? thank you
 

Harvey

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This is like equity crowdfunding. After I've done researching FarmOn review, I stumbled upon in 1 article that says SEC (Security Exchange Commission) release a public announcement that they don't have SEC permit. Even though the company representative of FarmOn said that they are sole-propietor, thus, SEC permit doesn't needed anymore. The SEC still insist that a company who accepts investors funds must have that permit. If FarmOn doesn't comply in government regulations, I think SEC will be forced to cease their operations.

Source:
https://isensey.com/sec-advisory-againts-farm-on-farmon-agricultural-production/

Don't easily be fooled by news coverage of a certain company. Even though it is not a paid avertisement/review, some interviewers only skim the tip of the iceberg but didn't dig deeper about the company they will broadcast due time constraint. One good of example is the gold investment company name EMGOLDEX featured in Umagang Kay Ganda before where the reporter said that lots of members earn more than 100,000 PHP (about 2,000 USD) every month. They don't know that it's only a ponzi scheme and only use gold trading as an excuse.

I know personally that it's too lazy to research first the income opportunity we've encountered that we believe is legit and we like to invest in. But only doing this, we can avoid being conned and warn our friends instead recruiting them without knowing that the company will turn to scam.

In researching an income opportunity, just type in the google the name of the program space forum (ex. farmon forum). If there's no forum regarding that company, type in the google the name of the program space review (ex. farmon review). Sometimes, there is no results even you tried those. In this case, you must create a topic in money making forum like Beer Money Forum so that other online earners will give you advice.
 

liah33

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I never heard of this money making site but investing money now adays is so risky unless you are a risk taker. You see, lots of investment program are offering good earnings at first but in the end you'll get scammed and your money will be wasted investing for nothing.
 

Joseph Mallari

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Investing online is a good way to earn money. But before doing so, you should know if this site is legitimate before investing your own money. The site says farmon.ph, so does it mean this site is based in the Philippines?
 

jfcuison

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Investing online is a good way to earn money. But before doing so, you should know if this site is legitimate before investing your own money. The site says farmon.ph, so does it mean this site is based in the Philippines?
I think it's legit. It was featured on some leading newspapers like Philippine Daily Inquirer.
 

Joseph Mallari

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I think it's legit. It was featured on some leading newspapers like Philippine Daily Inquirer.
Oh really? If it was featured on one of the national newspapers then I believe it's really legitimate. Thanks for letting me know @jfcuison I will do more research regarding this and if it's worth it, then I for sure will invest.
 

jfcuison

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Oh really? If it was featured on one of the national newspapers then I believe it's really legitimate. Thanks for letting me know @jfcuison I will do more research regarding this and if it's worth it, then I for sure will invest.
Yes. But the minimum investment though is high 7500 php or equivalent to $150.
 

reighn

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how much the minimum investment to that kind of business? never heard this site before, thanks for sharing this. If I'm going to invest in crops or let me say vegetables, and then the typhoon comes, is that possible that I will lost money also?
 
M

Medowriter

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Investing in farming is one of the most lucrative business cos you hardly loose from it, we all keep consuming and selling food products on daily basis.
 

Joseph Mallari

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Investing in farming is one of the most lucrative business cos you hardly loose from it, we all keep consuming and selling food products on daily basis.
I agree. Farming and livestock investments are good because they are always in demand. I saw some reviews where investors earn 22-30% in profit and it's laudable.
 

asumi

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This is one of the most unique online earning sites I had ever seen. I don't know if there is any other site like this.

Farmon.ph is a Website where you will pay farmers in the Philippines to farm crops or livestock online. Let's say you chose to farm chickens. They will stream the chickens you invested money for via skype or upload videos so you can see their progress until they were ready for market. You can either split the earnings or use the money you earned to invest more for other crops or livestock.

It is hard to join this site though because they usually have close seasons and open seasons. So there is a limited slot for investors. I think this is better than playing farmville because this is a virtual farming program where you will earn money.

If you live in the Philippines you can have the goods delivered to your house but most of us here are not from that country so you will just sell the products and split the earnings.

I chose to invest on chili peppers because I know they grow fast so every few months I get paid during harvest time. it is not a scam because it is government supported from what I heard and they had paid me already. I invested all of my PTC and Humanatic earnings for this. I am planning to invest money for pigs but I will stick with vegetables for now. I prefer to invest on vegetables because the money is faster. There is more money on animals though.
Hello the website name speak for its self! is these a private or public company?? its like a Crowdfunding for me and looks decieving ! and how much will you invest?? hope you included the website so we can investigate, can you Sell ? a fruit seeds in these company? and other variety of seeds that can be planted?
 
A

amorcian

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I hope Farmon will features again to the well know broadcasting company, news papers to ease the worries of the investor..
#ABS-CBN
#GMA
#CNNPH
#BUSINESSMIRROR
#INQUIRER
#MANILABULLETINE
 
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