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INVESTMENT AND MONEY MAKING OPPORTUNITIES IN CASSAVA
Cassava is important food (consumer) and industrial crop, It also serve as source of income to the farmers, the brokers, companies as well as nations or countries. Nigeria is currently the largest producer of cassava in the world with an annual production of over 54 million metric tons (54,000,000MT).
Cassava is largely consumed in many processed forms in Nigeria. It is used in the industry and livestock feed, particularly as import substitution becomes prominent in the industrial sector of the economy. Unlike other crops, cassava has diverse industrial uses like starch, cassava chips, ethanol etc. hence its demand is HIGH. The root can be made into various products which include flour, chips, ethanol, glucose syrup and bread to name a few. Such products are in high demand within Nigeria and have a potential within the export arena.
With the current economic crisis, the price of the common food like beans, rice, etc are on the increase, so anyone venturing into cassava farming is sure of smiling to the bank, Cassava farming poses little threat when it comes to risks factors like drought and disease as we have varieties that are resistant to both. Unlike other crops that are tedious and hectic to maintain. So any investor investing in cassava is sure of his/her investment with interest
As a food crop, cassava has some inherent characteristics which make it attractive, especially to the small scale farmers in Nigeria. First, it is rich in carbohydrates especially starch.
Secondly, it is available all year round, making it preferable to other, more seasonal crops such as grains, peas and beans and other crops for food security. Compared to grains, cassava is more tolerant to low soil fertility and more resistant to drought, pests and diseases. Furthermore, its roots are storable in the ground for months after they mature.
Industrial demand for cassava, there is a potential market for cassava products in animal feed, flour and starch industries, the main challenge of these industries is inadequate supply of cassava products, a weak link between industrial processors and producers of cassava products and therefore a preference for imported starch becomes an alternative.
Government has seen that cassava can be used to produce different things like flour and sugar. For example, we are great consumers in Nigeria, we consume bread, garri, fufu etc so the government is pushing for cassava bread.
The confectionaries import glucose which we can get from cassava. Other confectionaries can make use of cassava starch to make their products. Even in pharmaceutical it’s useful. It can be used to make ethanol. There are new projects aimed at increasing and improving the production of cassava and developing new ways to use the crop. Our government hopes to use agriculture as well mineral resources as a way to diversify the economy away from Brent crude.
The government exports cassava chips also, this conversation started in the Olusegun Obasanjo regime. A significant produce of cassava is consumed in Nigeria. Cassava is perishable, from production you have 48 hours to dry it up completely if not it becomes completely useless and losses its value. From the farmers’ perspective, they will rather not harvest if they don’t have a buyer,” he added.
This also makes farmers get processors that are closest to them so that the processor can dry the cassava a bit and they can continue with what they want to use it for so they don’t lose their produce and at the same time money invested in transporting.”
Nigeria wants to focus on making use of cassava also as flour. This process requires availability of good processing plants which is not yet readily available. Steps are being taken to make these plants available for this process.
To convert cassava to flour, not a lot of processing plants do that in Nigeria so government is trying to encourage people to set up plants to convert them to flour and also to starch. Some years back Nigeria had a few starch processing plants and I think almost all of them folded up for one reason or the other. It was either due to a lack of produce because of the distance the product had to be transported to get there and in the process a lot of produce is destroyed before it gets to them.”The challenge of industrialization within the cassava industry lies with the reducing costs of production and transformation. This will allow for the supply of cheaper processed products to desired quality and standards to markets.
Government is working hard to making breweries and confectionaries to start introducing cassava products into their processes. The government is also working on getting better cassava seedlings.
The seedling we have in Nigeria produce about 12-15 tons per hectare. Whereas smaller countries like Thailand are obtaining over 40-50 tons per hectare. With high yield cassava stem being distributed to the farmers all across the Country Nigerians farmers are now producing 30 tons per hectare. You can get this high yield cassava stem at IITA Ibadan. The government also introduce new fertilizers to boast cassava farming and production in Nigeria.
Dear reader, why not Seize opportunities in cassava farming and business, let me sight an example When telecommunication companies came to Nigeria, I mean MTN, ECONET, some smart Nigerians took advantage and went into partnership with them way back then, today these people are still growing strong and enjoying the industry simply because they took advantage of the opportunities.
There are divers business opportunities in cassava farming, production and processing. In life opportunities come in circles, when one miss them he or she has to wait until the circle is completed, that is why some opportunities come after some years. Not that they won't come but will certainly take a while for anyone to see such an opportunity again, opportunities acted upon at the right time equal to SUCCESS, we always say all we need is TIME, yes we are right, all we NEED is TIME so also all we HAVE is TIME, the universal currency is TIME, God has even everyone 24hrs/day, the same hours give to a person in America are the same hours given to you in Nigeria. Also the big difference between the RICH and the POOR is TIME. The rich act on opportunities at the right TIME but the poor act on opportunities at the wrong TIME and still expect result.
Dear reader one idea acted upon is better than 20billion ideas not acted upon, Act on the opportunities available to you, there are so many income opportunities in agriculture that one can tap into and he or she will be making consistent if not weekly income. Remember, WHAT YOU DONT START DOES NOT GROW, see u @ d TOP
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