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Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. - Investment - Nairaland

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Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. by pretteemee(f): 3:04pm On Feb 10, 2020
Yes, I have decided to take my time to type this,note that it's going to be a lengthy one as we will be talking so much about OILPALM FARMING/PLANTATION.

I am a Farmer and an entrepreneur. I make money from almost every part of Oilpalm. Sometimes I wonder why so much uniqueness in this plant,every part of it can be converted into money, take the listing from the red oil,to the pko, to pkc, just name it....

Lots of people do not even know how profitable Oilpalm Farming business is while few others are silently making hell of money from it.
If you have money and instead of investing it you decide to hide it with banks,then you really need to get that money into use because those guys keep using your money to run daily business or probably you acquire a land,an inheritance or whatever, utilize the land now and start making millions in no time.

As lucrative as Oilpalm farming is, it's is not easy to start up. It is not a get rich quick kind of business,You will have to do some spending and works too,but you can always hire workers to avoid the rigmarole of starting one....but you will shaaa still spend money and it will take like 4years before you start making money, it's worth the wait,though.
Government and public workers work so that they can live on pension after retirement but for oilpalm farmers, pension would be oilpalm plantation. It's a business that can serve many generations and secure a future for the family.

Here am going to show you three things

1. HOW TO START UP YOUR OWN OILPALM FARM

2.THE COST/REQUIREMENTS.

3. THE RETURN/PROFIT.

So just stay glued to the class,we are going a long way and I will be making it as interactive as possible.

2 Likes

Re: Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. by gentle007(m): 12:09am On Feb 11, 2020
Following
Re: Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. by pretteemee(f): 3:07pm On Feb 11, 2020
Hi everyone and a beautiful afternoon to you all.
Am sorry I had to pause the class for a while, I
have been so busy in the farm.

So we'll continue from where we stopped the last
time.We are talking about Oilpalm Farming and I
have explained what it is and the next thing we are
going to talk about now is HOW TO START UP
YOUR OWN OILPALM FARM.

Yes starting up an oilpalm farm isn't a big deal but
it's not an easy one either, you've got to be
committed and give it time. It not just about you
having enough money and pouring it out on the
field, you must get the grounded knowledge of it.
So what are the things you need to start or how do
you start up an Oilpalm farm?

I think I should put this in a listed form.

1. You get a sound info on the input and output of
this business,that is what will be the commitment
and what will be the gain? You must check if it's
worth going into and if you can actually do it.

There's this friend of mine who came to meet me
and said he has 15 hecters of land and he wants to
plant Cashew on it, I was like okay,it's good....of
course he had the money and the knowledge of the
farming but he didn't have the time to commit to it
and almost half of his plants did not survived
because there was no proper attention given to it.

If you want to go into oilpalm farming and you know
you can't handle the work yourself you can always
give it out to professionals to manage for you. So
time and commitment is very important.


2. You need a good land,at least 5hecters but
10hecters and above is economically advisable
because of the cause of maintenance.

You can either buy land or rent it. Now both has
advantages and disadvantages.
The rented land will reduce cost for you because getting land from government is very cheap and it can be anually or every 5years but the process of getting such land can be very stressful, tiring and annoying and the government can just wake up one day and say giveus our land and you have already planted oilpalm
that is supposed to serve you for decades.That
would be tragedy.


On the other hand,if you buy a land and you claim
ownership of it and plant whatever suits you on it
but the problem many people face here is getting
land from genuine sellers,a lot of people have been
scammed by dubious land owners/sellers. All hope
is not lost though, you can get land for your
farming, you only need to be very smart,wise and
sensitive.


Another thing is that whatever land you are buying
must be motorable, most people that buy palm
karnel seeds don't like farms that is not easily
accessible, must be close to water source so that
irrigation can be possible.


You also need to find out if the land is good for
oilpalm plantation so that you can get desired yield.


3. It's very important to know the oilpalm seeds to
plant.
There are different varieties/Species but we have
this 3 common ones. Namely:


*Dura


* Tenera


*Pisifera


These three species have there uniqueness and
qualities but we are just going to be talking about
Tenera here. This particular variety was gotten from
the cross breeding of pisifera and Dura so it has
both the qualities of pisifera and Dura.

Tenera is the oilpalm Specie to be considered when
talking about Oilpalm Farming. It has a thicker flesh
and smaller nut inside which makes it produce a
higher yield of Oil. It almost starts fruitling after
three and a half years.

You can decide to nurse the seed yourself but it is
safer and wiser to buy already nursed seedlings.
A seedling of the Tenera oilpalm plant is sold for
#150- #300 depending on the size.

Don't try to plant the seeds yourself, you will grow
old waiting for it to germinate except of course you
know how to make it sprout.

.
4. Get a farm manager, surveyor and farm workers.
At this juncture you really need to be careful when
getting workers on your farm. I am talking from
experience. A lot of people make the mistake of
employing any kind of person and paying them for
one year job even before they start.

One of my padee did that,he paid all his workers at the
beginning of the the job for the work they would be
doing in the next 11months and after 2months they
started misbehaving,they abandoned the farm and
things really got bad. So please even if you have to
pay for a longer time it should not be more than
6months so that when they mess up you can kick
them out of your farm immediately.

1 Like

Re: Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. by pretteemee(f): 3:19pm On Feb 11, 2020
The next we'll talk about is the COST and REQUIREMENTS of Oilpalm farming.
Re: Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. by pretteemee(f): 3:21pm On Feb 11, 2020
Before we move on I want to know who is following
Re: Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. by Adezain: 5:17pm On Feb 11, 2020
Following pls
Re: Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. by darita: 6:44pm On Feb 11, 2020
Please I HV 3 plots of land in Edo state wt already palm kernels planted for 3 yrs plus. Interested buyers pls call @ a reasonable price. 08093785239. Genuine papers too
Re: Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. by AsabaPropertyAg(m): 10:11pm On Feb 11, 2020
Please I am following because I want to go into it.
Re: Facts About Oilpalm Farming And How Lucrative It Is In Nigeria. by baronjay: 1:11am On Feb 12, 2020
following

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