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

Comments

How to Start a Medicine Store in Nigeria: A Complete Cost Guide

How to Start a Medicine Store in Nigeria: A Complete Cost Guide Unlocking opportunities in Nigeria's pharmaceutical market can be a rewarding adventure. With a growing population and increasing healthcare needs, starting a medicine store presents a significant chance for entrepreneurs. The Growing Demand for Pharmaceuticals in Nigeria Nigeria's pharmaceutical market continues to expand rapidly, expected to reach about $4.6 billion by 2025. This growth offers a fertile ground for starting a medicine store. Various challenges exist, such as regulatory hurdles and competition, but the potential rewards are substantial. Why Start a Medicine Store? Starting a medicine store not only promises profit but also creates jobs. By offering essential healthcare products, you contribute to better health outcomes within the community. Enhancing access to medication can have a profound social impact, making it a fulfilling business choice. Regulatory Compliance: Navigating the Legal Lan...

How to start groundnut oil business and it's oil production

The groundnut oil industry is a great chance for entrepreneurs to dive into the vegetable oil market. Groundnut, or peanut oil, is a versatile oil used in cooking, cosmetics, and industry. With the world's population growing, the need for good cooking oils is higher than ever. Groundnut oil is loved for its mild taste, high smoke point, and health benefits. It's a favorite for those who want healthy and tasty food. Its special qualities also make it important in making personal care and industrial products. This opens up more chances for groundnut oil makers. Key Takeaways Groundnut oil is a versatile and widely-used edible oil with growing demand in the cooking, cosmetic, and industrial sectors. The global population growth is driving the need for affordable and high-quality cooking oils, fueling the peanut oil production and processing industry. Groundnut oil is renowned for its mild flavor, high smoke point, and rich nutritional profile, making it a popular choice a...

A Comprehensive Guide to Starting a Petrol Station in Nigeria

A Comprehensive Guide to Starting a Petrol Station in Nigeria Nigeria’s growing population and reliance on fuel-driven transportation make the petrol station business lucrative. Whether it’s urban expansion or the demand for convenience, opening a petrol station can be a rewarding venture if done right. This guide takes you through everything you need to know. Understanding the Petrol Station Business in Nigeria The petrol station industry in Nigeria is one of the most dynamic. Fuel remains an essential resource for both personal and commercial activities, which creates steady demand year-round. Photo by Alpha Diane Market Trends and Demand Urbanization and population growth have drastically increased fuel consumption in Nigeria. Cities are expanding, new businesses are opening, and mobility is a necessity. On average, a petrol station sells thousands of liters daily, depending on its location and scale. To understand the current market, you can explore analysis reports l...

Search This Blog