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Re: The Cassava Story. Profitability And Loss Theory by jasper7(m): 3:27pm On Feb 21, 2015 |
stagger: stagger: stagger:I see. cos I have always wondered these things. Jethro made mention that mechanized garri frying doesn't give the same quality as hand fried own. how viable is that info and if true how can someone fry 20hectares of cassava manually? Let me not even go into other possible products because if what jethro is saying is right. local farmers can't afford processing plants. except through co-operative 1 Like |
Re: The Cassava Story. Profitability And Loss Theory by stagger: 3:33pm On Feb 21, 2015 |
In terms of quality of product, I still think it is a question of expertise. Frying gari is like cooking food: you have to know when the food is done or else you will burn the product. Some gari plants have both the automated fryers and the manual frying pans. You still need capable hands to do either one. You can't take a graduate with a white collar job and tell him to start frying gari, and expect him to do it as well as someone who has done the job all their lives. Moreover at an initial cost of close to N6m, I do not know how many individual farmers can afford to setup a gari producing plant, and the Bank of Agriculture has funding limits too. Best bet is cooperative ownership, or the BoI's Capfund. But I have looked at the requirements the BoI set out for obtaining the CAPFund. The conditions are impossible. 5 Likes 1 Share |
Re: The Cassava Story. Profitability And Loss Theory by jethro2: 4:01pm On Feb 21, 2015 |
My main crux is let intending farmers know what they are venturing into. Except you are processing and you have a ready made market, dont venture into cassava farming. Starch processors are making cool dough right away. A mini standard processing unit cost not less than N10,000,000, equipment alone. How many farmers can go close? Even the starch has quality standard requirement. One cant just fabricates or import machineries that will not give the expected result. |
Re: The Cassava Story. Profitability And Loss Theory by Mordyb: 4:03pm On Feb 21, 2015 |
Pavore9:I am not aware of a market for flowers as the only thing available are those road side gardens in Abuja who only make money from horticultural contracts which is hard to find. pls enlightenment is needed dearly |
Re: The Cassava Story. Profitability And Loss Theory by akinsdeji(m): 5:34pm On Feb 21, 2015 |
i believe cassava has different varieties,the one use for garri has a very low starch content,while the other has a very high starch content,becos of the starch content that varies.converting to garri or for starch production,the investor just have to decide on what to plant. |
Re: The Cassava Story. Profitability And Loss Theory by EJaja(m): 5:55pm On Feb 21, 2015 |
jethro2: Can you kindly through more light into the above quoted subject matter. What are the set of Equipments required for a standard acceptable starch plant. Which of the Country is this machine coming from and whats the production output. Would this 10. 000, 0000 Naira Starch facility meetup the starch standard required by industries in Nigeria. |
Re: The Cassava Story. Profitability And Loss Theory by Lesgupnigeria(m): 5:58pm On Feb 21, 2015 |
jasper7: Some agro-preneurs on nairaland are fond of arguing to claim superiority of idea which i am not ready to engage in at the moment. I always want to learn from people and make use of it in my business. If you have been following some of my thread,you will learn a lot about what i mentioned about getting buyers that will buy at a good price. Not all processing companies will.buy at a good price and those that will.buy at a good price might delay your payment. I have had series of experience from these companies and have learnt a lot as well. Cassava industry is not a stand-alone industry it requires partnership to make good money. Partnership requires you creating good business relationship with the processor. Let me expose one of the strategy i do make use just for the sake of some farmers here. I partner with small scale and medium processors (at least 10tons/day capacity) some kilometres from my farm and i make sure i supply them cassava regularly even if it requires me to buy from other farmers so they can have regular supply I.develop.personal relationship.as well. I can also.tell you how many times i.have to travel to track down a pharmaceutical company manager in order see that my processor can sell the cassava flour produced. I know if he cant sell his flour,then he cant buy my cassava(Thats is partnership) In any business especially cassava business, it requires real partnership. This is very difficult with bigger companies like intercontinental distilleries and others. The thinking of.many farmers is that if they can sell to bigger companies,it will translate to bigger money Nobody here can claim that he/she has successfully sold to bigger companies and make good profit. Those people shouting they have been to GIZ,ZIG,WXZ and they turn them down. give me reasons why they wouldnot disappoint you...To.me thats the old and improper way of partnering with a company When they need cassava,were you there to supply them even when the cassava on your own farm is.not yet ready?and you think when your cassava is ready for harvest,you can.just come and start asking for better price for your cassava? I.gave one of my follower on my cassava thread one of my cassava procesor contact and he may start selling his cassava in some few months time. I am very sure if its any of the bigger companies,thsy wouldnot even want to.give him audience but leveraging on my good relationship with the processor,he will also have access. I can go on and on but let me stop here,i have shared little,you can check my thread to know more of the things i am talking. Cassava is profitable but you cant keep doing it like how some farmers claiming is not profitable are doing it. A lot of ways one can.make use to.make profit in this business.Find your own or partner with people that does. 5 Likes |
Re: The Cassava Story. Profitability And Loss Theory by dekins: 6:04pm On Feb 21, 2015 |
Nice thread. It is one thing to be involved in cassava farming but it is another thing to have a marketplace for agriculture (crops and livestock) to list or find farm products or agricultural products, agricultural equipment or farm equipment either to buy or sell locally or internationally (export or import) and sometimes to find or list agriculture jobs and services. |
Re: The Cassava Story. Profitability And Loss Theory by GentleFrank(m): 6:14pm On Feb 21, 2015 |
Setting up a cassava plantation is a very profitable business venture if you do it in the right way. I once wrote an article on the business model at www.BusinessParrot..com for my readers. Feel free to search it up from my enttrepreneurial blog and find out real facts about cassava farming in Nigeria as well as how to invest and make a lot of money from it ! |
Re: The Cassava Story. Profitability And Loss Theory by jasper7(m): 7:15pm On Feb 21, 2015 |
Lesgupnigeria:okay... I think I have been able to pick one or 2 points here. Am just trying to outline the points so that people can pick it up and make use of it. First one is that you go after small processors, so that you can meet up with their demand and be somewhat of a sole supplier. okay. Because of relationship you are able to maintain a favourable pricing for your products. I got that too. I just want people to be able to pick points from our posts. because in the end, we are doing this to help ourselves. I am a follower of some of your threads. Not all. because I particularly don't have interest in cassava farming. but it's okay. I still have learnt a few lessons here |
Re: The Cassava Story. Profitability And Loss Theory by samuelkingz(m): 8:10pm On Feb 21, 2015 |
....@ jasper,jethro,stagger,lesgroup..etc...u all hav been a source of inspiration to me...am a student who has been planning on travelling abroad in search of greener pastures..but sth keeps tellin me dat its neva for@me but rather agricbiz...but seeing u guys post....i feel encourage to delve into @it wen i grauduate...pls dnt stop u re plantin seeds of hope in pple but u dnt knw...more muscle to ur elbow ....@ jasper,jethro,stagger,lesgroup..etc...u all hav been a source of inspiration to me...am a student who has been planning on travelling abroad in search of greener pastures..but sth keeps tellin me dat its neva for@me but rather agricbiz...but seeing u guys post....i feel encourage to delve into @it wen i grauduate...pls dnt stop u re plantin seeds of hope in pple but u dnt knw...more muscle to ur elbow 2 Likes |
Re: The Cassava Story. Profitability And Loss Theory by amarawa: 9:25pm On Feb 21, 2015 |
Nice thread. But what people are saying about cassava seems to me as things applicable to other areas of agric. Effective market research and adding value to ur product are the key, so why are we singling cassava out. I think one of the problems farmers in Nigeria has is lack of support from government in many areas. I was at Shoprite where I saw watermelons labelled made in South Africa, yet at Orange market few km away water melon is rotten because of low market. The fruits should have been processed if the farmers can afford the machine. Even the 10m starch plant Jethro mentioned is a child's play. An industrial starch plant machine cost about 1m dollars from Denmark and China. Let us continue to partner and collaborate, I'm sure we will get there. 2 Likes |
Re: The Cassava Story. Profitability And Loss Theory by jasper7(m): 9:43pm On Feb 21, 2015 |
amarawa:serious? 1m dols. is the starch used to divide red sea? na wa o. okay... Like I always say, we are still playing in terms of agric in Nigeria |
Re: The Cassava Story. Profitability And Loss Theory by naijagraduates: 11:07pm On Feb 21, 2015 |
Thanks |
Re: The Cassava Story. Profitability And Loss Theory by stagger: 11:20pm On Feb 21, 2015 |
jasper7: Ekha Agro glucose syrup factory cost exceeded 10 million Euros. For GEJ to attend the commissioning, you should know the level of finance that went into that plant. |
Re: The Cassava Story. Profitability And Loss Theory by smlafolabi(m): 11:25pm On Feb 21, 2015 |
Nice |
Re: The Cassava Story. Profitability And Loss Theory by jasper7(m): 11:48pm On Feb 21, 2015 |
stagger:10million euros, that's a staggering sum o (you see what I did there? ). a whooping amount. wow! we'll get there one day |
Re: The Cassava Story. Profitability And Loss Theory by Xaintkelvin(m): 5:13am On Feb 22, 2015 |
I love this thread someone said he can't advice his enemy to venture into cassava farming with the little experience I have there is no future for cassava farmers if government does not wake up. cassava farming requires more labour but low profit. Whatever you do always try to be different from others learn from peoples mistake. good luck bro |
Re: The Cassava Story. Profitability And Loss Theory by oluikotun: 8:59am On Feb 22, 2015 |
Nice write up man. I will love to meet you someday. May be inviting u to speak to young farmers on an entrepreneurship program in Ogun State. This is my email: jamie.olukotun@oaydp.org. I hope to hear from you. |
Re: The Cassava Story. Profitability And Loss Theory by jethro2: 10:56am On Feb 22, 2015 |
Mordyb:There is a big market for horticulture exports. This requires some standard, consistency in supply and fixed price. An individual farmer can not do this alone. It has to be group of farmers that are producing the same quality and can also plan their planting seasons to coordinate. There is presently a consultant fro Europe that is on Nigeria to carry out some survey on the horticultural values that we have. I am not sure he has gotten anything tangible 1 Like |
Re: The Cassava Story. Profitability And Loss Theory by jethro2: 10:59am On Feb 22, 2015 |
EJaja:You might have to do more research or get a consultant to find the break down for you. I am just an ordinary farmer that knows not all the details 2 Likes |
Re: The Cassava Story. Profitability And Loss Theory by jethro2: 11:04am On Feb 22, 2015 |
amarawa:Perfectly correct. It affects every aspect of agriculture. Waiting for government will amount to doing nothing because we can as well wait forever. Groups with like minds and passion can come together to liberate themselves. The clause is how many are trustworthy? 1 Like |
Re: The Cassava Story. Profitability And Loss Theory by Chukslar: 3:36pm On Feb 22, 2015 |
Jethro2, 1) On the Average what is your estimated investment cost/Hectare 2) I am aware of some cassava species that take between 7-9 Months before harvest are what is your opinion on those species? 3) What is your take on Yellow Root cassava and its profitability? 4) what is your estimated harvest / Hectare(Practically)? 1 Like |
Re: The Cassava Story. Profitability And Loss Theory by Lesgupnigeria(m): 3:51pm On Feb 22, 2015 |
jasper7: Yes, farmers needs to know that they need to change their strategy to make profit. You can not use one person result to judge cassava profitability in nigeria. Many are making money, you can't be using the old idea to achieve result. I can post and give you the direct link.of.people and nairalanders.that.made money from cassava that i manage their farm for last year. We also need to look.beyond cassava and talk of agribusiness generally because cassava is not the only crop we plant in nigeria If you don't use the right strategy, you might not make profit in other crops as well. As an experienced and expert in cucumber plantation, Would you tell me that all the farmers that cultivate cucumber are making profit? Its absolutely No Whether you venture into cucumber,tomato,plantain,watermelon or cassava and and you didnot do it the right way, Low profit or loss is knocking at your door. Making profit or loss boils down to doing the market research,doing it differentlt from other does it, develop good business relationship with reliable buyers etc |
Re: The Cassava Story. Profitability And Loss Theory by jethro2: 4:32pm On Feb 22, 2015 |
My take as an agric person is " to tell the whole world something is profitable you should be able to prove it with facts and figures. When i mean facts and figures, what i expect is 1. I planted so so amount of cassava on so ao hectares of land. 2. I harvested after so so months and from an hectare i got so so quantity 3. I supplied to so so company at the rate of so so 4. My cost of production is ------------ 5. My sales after harvesting is ------------- 6. Transport cost for 3 tones from Saki to Lagos is .......... 7. The yield for my variety is ............. 8. Cost of loading ................ If you plant and sell cassava profitably one should be able to back it up by estimating the above points. But if all i get for your profitability theory is rantings and rambling with no authentic prove, how do you convince me to put in my money on rants. I keep telling people I am a practical farmer. I work with facts and figures. What I will not believe is a small processor utilising 10tonnes per day decides to pay more to purchase cassava because you had some kind of relationship with them. Does that mean they have a special market where they sell? As far as I am concerned, Nobody on nairaland has been able to prove the profitability of cassava planting and selling. Like I earlier said I opened this thread because there has been so many misleading stories about casssava on nairaland. A lot like me fell for the stories and got our fingers burned. Currently a tonne of cassava sells between N5,000-N8,000 tonnes in Saki area of Oyo State. The big companies in Lagos state and Ogun State buys between N10,000 -N11,000 per tonnes. And one wants me to believe you sell at N15,000 to smaller companies because of your relationship Please change the story and say something else that ordinary farmers can believe 9 Likes |
Re: The Cassava Story. Profitability And Loss Theory by jethro2: 4:52pm On Feb 22, 2015 |
Chukslar:Oga mi I am not an advocate for cassava planting. In one of my post I said"I WILL NEVER ADVISE MY ENEMY TO CULTIVATE CASSAVA" 99% of farmers in Nigeria cultivates cassava annually with no market outlet for it. I would rather advise a would be investor to sight their processing factory in a cassava farmer concentrated area. I even volunteer in one of my thread to give free land to investors that would site a starch processing factory in Saki East LGA of Oyo State. 1 Like |
Re: The Cassava Story. Profitability And Loss Theory by jethro2: 5:16pm On Feb 22, 2015 |
if i keep claiming something is profitable while majority says its not, then i should be willing to convince them of my so claimed profitability of that commodity. Every true cassava farmer knows that there is nothing for cassava. The starch processors are probably the one making money. Gari processors has I receive calls daily from nairaland of people who has planted cassava and need outlet for sale. Off course i gave them link to companies explaining the deals. 1. This company don't make payment until after 3 to 4 weeks of supply. You have sweat for a whole year then you have to be pursuing companies again to be able to get your fund. None has ever come back to say they made good profit. Its been complaint and complaint. Even some prefer to find a way through converting to gari and then find market for it. Imagine something you never bargained for. A lot of nairalander have cassava they are struggling to sell off. Be it one acre or 20hectares. And like i keep hammering cassava is a no no if you want your investment back 3 Likes |
Re: The Cassava Story. Profitability And Loss Theory by noblefarm: 5:55pm On Feb 22, 2015 |
Wow, it's really discouraging for now, I set out to do agribusiness last year I planted cassava and now I have leased another 200plots of land for farming again this year. The problem is they are pricing my cassava 7000/ton. Selling at 7000/ton cannot pay me at all. I came to this forum to see if I can get where I will see a better offer but what am hearing here is more of discouraging too on area of cassava. My question now is What is the ideal thing(s) to farm that can yield a good results? Please am in need of good answer from you guys, am ready to come and learn from anyone that is ready to put me thru to profitable farming. I have cleared my land already but with this uncertainty on cassava am looking for other things to go into. Email ignobiz@gmail.com thanks |
Re: The Cassava Story. Profitability And Loss Theory by Pavore9: 6:11pm On Feb 22, 2015 |
lf anyone truly have the market and at a good price, there are many farmers out there who are willing to supply. Personally l can't just wrap my head around selling it @ N8,000 per tonne when l can sell a tonne of Capsicum at the cheapest for N400K! 1 Like |
Re: The Cassava Story. Profitability And Loss Theory by stagger: 6:33pm On Feb 22, 2015 |
Pavore9: My brother carry go. Part of our mentality in Nigeria is that once someone says something is profitable, others will just rush into it without thinking or doing any market research. If you are into cassava farming, processing is the way to go. It is a no-brainer. People should start to see cassava like crude oil. In raw form, it is not much use. But should everyone be in cassava farming? NO NO NO! There are so many crops people can go into. Don't be surprised that people will start asking you how to start planting capsicum and they will rush into it. The way people are now rushing into cucumber because Jasper7 has revealed his success story. 3 Likes |
Re: The Cassava Story. Profitability And Loss Theory by jethro2: 6:34pm On Feb 22, 2015 |
Pavore9:Please can you assist with the purchase of some vegetable seed in Kenya? |
Re: The Cassava Story. Profitability And Loss Theory by noblefarm: 6:51pm On Feb 22, 2015 |
stagger: 1 Like |
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