Hey hotmas, nice post. Pls I'm seriosly interested. My contact is. oayorinde at gmail. thanks. But I'm thinking if U get N400 on a bunch, you are the smartest salesperson of d year.

hotmas911:
It's beautiful morning here in Ogbomoso. The first idea is think on these 2 ideas. You can actually buy a plot of land in some just developing areas in places like Ikorodu for around 800k and you can use that same sum to buy 10 acres of land in a place like Ogbomoso. If you decide to develop your Ikorodu land, how much will it cost you to have it ready in a rentable condition? Another question you need to consider is how much rent are you likely to get per annum? After considering those questions, now consider your 10 acres farmland.
You decide to develop it with a crop like PLANTAIN. From my own findings and experience you can develop the whole 10 acres with plantain with less 3million naira. On an acre using spacing of 7*7 feet you will have 8,890 plantain trees and that is a potential 8,890 plantain bunches. But let's peg the harvest at 70% of the 8890 and that will give us 6223 bunches that can be sold up to N1,200 per bunch. Let's use N800 per bunch and we will have N4,978,400 as income from the first year. In your first year, you make back both the cost of land and still made profit plus the 10 acres still yours! You now have an investment with a capacity to yearly put above N3m in your pocket. Is this not too good to be true?
Before I continue, try and compare the 2 ideas of doing real estate and decide which is best for you. We still have many crops other than plantain to discuss. but lets give room for discussions and questions.
Note: some farmers use spacing of 2*2.5 metres and that will give you 2000 plantain trees per hectare.
I'll be right back.

If you have your own distribution channel maybe N500 per bunch (gross) is possible. But net? Don't think so, those market people are just out there to milk d farmer.

oluwabamis:
Hey hotmas, nice post. Pls I'm seriosly interested. My contact is. oayorinde at gmail. thanks. But I'm thinking if U get N400 on a bunch, you are the smartest salesperson of d year.

sir, thanks for the complement. I didn't get what you mean by#400 on a bunch

oluwabamis:
If you have your own distribution channel maybe N500 per bunch (gross) is possible. But net? Don't think so, those market people are just out there to milk d farmer.

oh I see what you mean. 400 per bunch could happen, hence the need to find the best way to reduce cost of production and find better market. Your loss or profit is determined from your day 1.

i have got a feeling!

A good marketing network is the only solution to rip-off from the middlemen who have sworn to eat more than the farmer. In catfish farming for example a farmer who labour for 3 months, can't even make the kind of profit these mama Eleja's make in less than 72 hrs. Its so unfair. Meanwhile I need the farmland too

oluwabamis:
A good marketing network is the only solution to rip-off from the middlemen who have sworn to eat more than the farmer. In catfish farming for example a farmer who labour for 3 months, can't even make the kind of profit these mama Eleja's make in less than 72 hrs. Its so unfair. Meanwhile I need the farmland too

Always at your service

Morning people.

speeeeeeed!!!

Morning guys

a new start

Vic to ry! Vic to ry!! Vic to ry!!!

Beautiful morning here!

Wisdom is the principal thing

I can feel the rain coming!

Merciful God!

another planting season beginning

God is good

Land preparation in top gear

Surveying, surveying and surveying

Election

Awesome God

be sober!

a very long day

"A billion Naira"

it's possible

A brand new D6 bulldozer is commencing clearing on Monday or Tuesday we are waiting for the low bed carrier to transport it to site. Pictures coming soon

It's another raining season