COST AND REVENUE OF 1 PLOT OF LAND GRAPE FARM (100ft by 50ft)
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Credit: Twitter: @withchiroma |
The land cost in a secured area = 500k-2M
Cost of 100 seedlings = 300k
Cost of fertilizer (Year 1) = 100k
Cost of Pesticide = 150k
Cost of Staking = 150k
Weeding = 70k
1 staff salary (1 year) = 360k
Cost of irrigation = (Depending of the water source) about xx
Fencing the Land = about xx
Total = N2,130,000
This is without cost of irrigation and land fencingEach plant can yield 10kg - 25kg in the first harvest:
100 x 10 = 1000kg of fruits ( 1 tonn
1kg of fruits ranges from N3000-N8,000, depending on the variety
So the average will be = 4000 x 1000 which is N4,000,000 per harvest.
NOTE:
1. Grapes is harvested twice a year
2. Grapes tree can live for more than 40 years
3. It is not as easy as it sounds, it is a rigorous process, requiring learning, monitoring, consistency, patience and alot more.
4. It will not just be as easy as a side hustle.
If you want to read more, inquire more and learned more then follow the mastermind of this budget on Twitter: @withchiroma
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