How To Start A Profitable Groundnut Farming Business - West Entrepreneur Forum

West Entrepreneur Forum

Welcome, Guest: Join West Entrepreneur Forum / Login / Trending / Recent / New
Stats: 271 members, 423 topics. Date: Wednesday 22nd November 2017 at 10:16am

How To Start A Profitable Groundnut Farming Business - Agriculture - West Entrepreneur Forum

West Entrepreneur Forum / Business Ideas / Agriculture / How To Start A Profitable Groundnut Farming Business (558 Views)

How To Start A Lucrative Plantain Farm Business In Nigeria / How To Start A Successful Music Blog In 10 Minutes / How To Successfully Start A Record Label Company (2)

(Reply) (Down)

How To Start A Profitable Groundnut Farming Business by ikoiikenna: 12:57pm On 4 Apr

Groundnut is a crop that is high in demand because it's very useful in the economy and proteinous for the body. Groundnut can be used to make varieties of other product such as peanut butter, chocolate candy, groundnut cake, groundnut oil, peanut butter etc. Groundnut takes about four(4) months to mature and can be cultivated twice in a farming season.
Let's look at the steps to take to start a lucrative groundnut farm business. You need to first;

Purchase a Farm Land
You can get a good plot of land on the outskirts of town for a good price of about ₦300,000 (this applies to most states in the country). Get a Farm Land, seek the service of one or two locals and pay them to help clear and drain the land.
Groundnuts

Till the Soil
You can either do it yourself and save some money or you hire workers to do it for you for a token.

Purchase Seed
Once you have gotten your farmland cleared and well-drained, the next step is to purchase groundnut seeds. You can always get groundnut seeds to buy at the market if you don't have any. The number of Seed you will buy depends on the size of your farmland. You can get seeds for about ₦500 depending on which part of the country your land is.

Plant Your Seeds
Best time to plant your groundnut seeds is in March when there must have been rainfall on the land. When planting, give space for at least 30cm for each Seed to yield a good crop.

Weeding
Wedding occurs when the plant starts growing after four weeks. You can clear unwanted plant growing around the groundnut and still use it to serve as natural fertilizer for the plant.

Cultivating
If you plant in March, harvesting should be around June or July if you want the groundnut to mature very well. If all goes well, you should be able to harvest about 100 large bags of groundnut.

Storage and Sales
Once you are done the harvesting, the final step is to store the groundnuts in a cool and dry place. Your next assignment is to find out how much a bag of groundnut is sold in the marketplace.
Let's say a bag of groundnut sells at the price of ₦5,000 and you have a hundred(100) bags harvested. So ₦5,000×100 -- ₦500,000
Subtract other expenses made and the money invested, your profit will still be a reasonable amount.

And this is only for the first three to four months, imagine what you will make in the other quarter of the year; this is not a bad investment I must say. So what are you waiting for? Get started!

Re: How To Start A Profitable Groundnut Farming Business by ozome15: 04:10pm On 4 Apr

ikoiikenna:rnGroundnut is a crop that is high in demand because it's very useful in the economy and proteinous for the body. Groundnut can be used to make varieties of other product such as peanut butter, chocolate candy, groundnut cake, groundnut oil, peanut butter etc. Groundnut takes about four(4) months to mature and can be cultivated twice in a farming season.rnLet's look at the steps to take to start a lucrative groundnut farm business. You need to first;rnrnPurchase a Farm LandrnYou can get a good plot of land on the outskirts of town for a good price of about ₦300,000 (this applies to most states in the country). Get a Farm Land, seek the service of one or two locals and pay them to help clear and drain the land.rnGroundnutsrnrnTill the SoilrnYou can either do it yourself and save some money or you hire workers to do it for you for a token.rnrnrnPurchase SeedrnOnce you have gotten your farmland cleared and well-drained, the next step is to purchase groundnut seeds. You can always get groundnut seeds to buy at the market if you don't have any. The number of Seed you will buy depends on the size of your farmland. You can get seeds for about ₦500 depending on which part of the country your land is.rnrnPlant Your SeedsrnBest time to plant your groundnut seeds is in March when there must have been rainfall on the land. When planting, give space for at least 30cm for each Seed to yield a good crop.rnrnWeedingrnWedding occurs when the plant starts growing after four weeks. You can clear unwanted plant growing around the groundnut and still use it to serve as natural fertilizer for the plant.rnrnCultivatingrnIf you plant in March, harvesting should be around June or July if you want the groundnut to mature very well. If all goes well, you should be able to harvest about 100 large bags of groundnut.rnrnStorage and SalesrnOnce you are done the harvesting, the final step is to store the groundnuts in a cool and dry place. Your next assignment is to find out how much a bag of groundnut is sold in the marketplace.rnLet's say a bag of groundnut sells at the price of ₦5,000 and you have a hundred(100) bags harvested. So ₦5,000×100 -- ₦500,000rnSubtract other expenses made and the money invested, your profit will still be a reasonable amount.rnrnAnd this is only for the first three to four months, imagine what you will make in the other quarter of the year; this is not a bad investment I must say. So what are you waiting for? Get started!rnRefrence:www.abodebusiness.com/2016/10/starting-groundnut-farming-business.html


When is the second planting season start for someone that didn't meet up with the first planting season. Thank u

Re: How To Start A Profitable Groundnut Farming Business by Ikoiikenna: 08:10am On 5 May

ozome15:
When is the second planting season start for someone that didn't meet up with the first planting season. Thank u


I will like to know the state you reside. However, the Second Time to plant is in August to be harvested in December if you live anywhere in swampy areas (I mean where waters sprout out of the soil or where irrigation is possible). This is because harvesting the seconding planting in dry land is a big job. It will make you suffer. So plant the second if you live around such water area.

(Reply)

Viewing this topic: 0 users and 1 guest(s)



(Go Up)


Links: (0)
West Entrepreneur Forum - Copyright © 2017 Eucarl Global Resources. All rights reserved.
Disclaimer: Every West Entrepreneur member is solely responsible for anything that he/she Post or Uploads on Westentrepreneur