COST AND REVENUE OF 1 PLOT OF LAND GRAPE FARM (100ft by 50ft)

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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