COST AND REVENUE OF A 25m by 25m (120ft by 60ft) PLOT OF HABANERO PEPPER

COST AND REVENUE OF A 25m by 25m (120ft by 60ft) PLOT OF HABANERO PEPPER

The seeds - Mawenzili (500) and Loleza (500) wi cost about N130k

Seed Nursery (trays, Cocopeat and planting plus fertilizer) - 30k

Plastic Mulch Film (500m, 40 microns) - 140k to 165k

Fertilizer (cowdung, NPK, Urea, MOP or Pottasium Nitrate, DAP or MAP or SSP) - 150K

Pesticide + fungicide (Rocket, Super attacker, punch, Imidacloprid, Azozystrobin and Muncozeb e. t. c - 100k to 150k

Labour cost (including Ridges formation, Installing Mulch Film, Weeding, chemical sprayer, fertilizer applications e.t.c) - 300k

Irrigation setup (Drip kits, piping and drip installation, but without borehole/water source) - 200k

Local greenhouse (like the one in the picture by @RaynativeFarm on Twitter), - this is not cumpulsory as Habanero are strong and survive well in open field, but greenhouse offer longer harvest.

Cost for rent for a single season (1 plot) about 50k

(salary of a Manager for 4 months) - 280k

Miscellaneous (Things we may forget) - 300k

MAKING TOTAL OF ₦1,730,000

NOW LET'S TALK ABOUT THE HARVEST AND REVENUE

The varieties I have discussed about can yield 3-4kg of Habanero fruit

Let's say out of 1000, due mistakes e.t.c 800 survives and eaxh give 1.5kg (half of expecte

800x1.5 = 1,200

KG of Habanero in the market is ₦3000+ but let's use ₦2,500/

2,500x1200 = ₦3,000,000

If you remove your invested capital of ₦1,730,000 for the revenue of ₦3M, you have profit return of ₦1,270,000

NOTE:

1. The profit can be way more than that, but it is not as easy as it sounds, some can start and end with HYPERTENSION.

2. The whole process require deep knowledge, patience and resilience, it may take you 2 years to reach that level.

3. Follow @RaynativeFarm, and join our WhatsApp farmers club group at:

Follow Facebook on: https://www.facebook.com/groups/536430085561386/?ref=share&mibextid=NSMWBT

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