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Re: Hidden Truths About Plantain Farming Business by condi1704(m): 8:11pm On Feb 21, 2015 |
can you talk more on spacing and watering. What is adequate. |
Re: Hidden Truths About Plantain Farming Business by kayles: 7:24am On Feb 22, 2015 |
Lesgupnigeria:First of all I've got to say thumbs up for a dedicated n well enriched interactive session in here. But you do know that even God takes 10% of our income and nobody dares take more than that. Lawyers don't charge more than God, how come u wanna be different. I entreat u to review your stance, you've been good n can be great. People who often do this are selfless, but we know you would incur some expenses both financial n time so you demand some benefit, but not partnership. Thanks for understanding, this is just my POV. 1 Like |
Re: Hidden Truths About Plantain Farming Business by Johnnyessence(m): 1:57pm On Feb 22, 2015 |
kayles:hmmm nice words from kayles but need some explanation from bro Lesgup oooooooo .20% of d sale profit still need explanation sir. 1 Like |
Re: Hidden Truths About Plantain Farming Business by Johnnyessence(m): 5:25pm On Feb 22, 2015 |
this is a writeup from an Hausa man Choping his millions of profit in bank follow it steadily. Plantain farming is very lucrative using modern farming techniques – Shelu Abu - Mr. Shelu Abu is the Managing Director/Chief Executive Officer of Ikorodu, Lagos-based Shelu Farms, a farm that is into plantain and catfish farming. In this chat with Financial Vanguard in Ikorodu, Shelu speaks on the new model technology in plantain farming and says that plantain farming is very lucrative. He calls on government to bring back the Bank of Agriculture. Excerpts: Shelu Abu According to Shelu Abu, upon graduation from the Nasarawa State College of Agriculture where he studied Agronomy, he began buying and selling in Kano before moving down to Lagos. “I relocated to Lagos and would bring tomatoes and other commodities from the north to Mile12 market in Lagos. I was searching for employment at the same time,” he said. Going to Cameroun: “One day, a friend of mine suggested we travel to Cameroun and from there, I could sneak into any country of my choice because I had no money then. When we got to Cameroun, I saw a farm close to where we were staying. I decided to apply for a job there since I studied agronomy. Fortunately, I was employed. What we do is that we plant the plantain suckers and when we harvest, they are taken to a production site where they are prepared for export to Europe and America. Before they finish packaging, buyers are already waiting to pick them up and I saw the kind of money coming in. We had about 300,000 suckers which multiplied. We were well paid so I told myself that the best thing is for me to go back to Nigeria and start my own farm.” Starting his own farm: “When I came back, I leased a plot of land and planted the 200 suckers I brought with me. People were mocking me, asking what on earth I was doing with plantain instead of getting a good job. After about eight months, I started harvesting. My plantain trees are up to 18 feet high; they are so tall because of the nutrients and the taller they are, the bigger the fruit,” he said, adding: “I was making N7,000 to N8,000 weekly. “When I told the Baale (traditional ruler) of the area that I needed land for plantain farming, he pointed to this place (farm site) which was a thick forest then. He asked for only N5,000 and a bottle of Schnapps. So I told myself that I could plant 1,000 suckers or more, to multiply my income. I placed an order for 5,000 suckers and planted them. Before this time, I had approached First Bank for loan. I discussed with them but they asked for land or C of O. If I have all that, why would I go to the bank to ask for loan? It will be better to sell the land and use the money on the farm. If I have money, instead of using it to get C of O, I will put it in the farm. That is why I don’t bank with any bank in Nigeria. I save my money with my cooperative society because when I sold the idea to them, they bought it and came to my aid. I brought First Bank here and explained to them that I have 40,000 suckers on the farm and even if I sell for N500, I will make the money and pay back.” When the bank refused, Shelu approached his cooperative group. “They provided the money and we were able to plant 40,000 suckers on that land. When the plantain was six months old, I called the cooperative members and said ‘look, there is war.’ When they came and saw the farm and the fruits, I told them the best thing is for us to buy the land. We discussed with the owners and they sold to us. The cooperative paid and kept the document thinking I would not be able to pay. But as I sold my plantain, I paid into their account and to God be the glory, I was able to offset the loan and I have 40 acres of land today.” Modern technique: “Plantain farming is good, anybody that goes into it will not have any problem because one, you don’t weed, you use herbicides and harvesting is not stressful. Before it matures, buyers are already waiting. If you plant 60,000 suckers, you will be making about N800,000 weekly. “Since I started harvesting, I have created a lot of employment for women in this area. I have set up farms in various places so I can tell you that plantain farming is very lucrative. For instance, if you plant 1,000 suckers, in your first harvest, you will get your money back and make profit. After four months, you come back to the same place and still harvest more. Plantain-farmThe second harvest might even be better than the first because it might be two or three as the trees would have multiplied to about 3,000. So even if you spent N1,000 setting up a plantain farm, I can assure you that within a year and six months, you will make N4,000. “That is why I say it is very profitable and the production is very easy. Just get the hybrid from our farm, use your herbicide and insecticide, then apply your chicken waste. The fertilizer is short-term, it is just to create a foundation for the tree to be rooted and move up, the chicken waste is long-term. Nutrients must be replenished after each harvest otherwise, growth and production will be affected.” Government: “Our government needs to support real farmers. They need to select farmers that have passion, vision and can see the future of farming in Nigeria, not the two bags of fertilizer or one bag of maize they distribute to farmers. I have about 40 acres of land, what will two bags of fertilizer do for me? The best thing is for government to bring back the Bank of Agriculture. My vision is to go for 120,000 suckers because I know I can. I have the suckers and the land, the only problem is fertilizer and funds for other inputs. Funding is what is breaking farmers down,” he said. Bringing youths into farming: “No youth who has been taught how to set up a plantain farm will like to leave it because of the money involved. I have set up farms for about seven graduates and they are smiling to the bank. “A woman was sacked from her banking job and she was lamenting, not knowing what to do. I advised her to go into plantain farming. I got land for her, planted 5,000 suckers and today, she is smiling to the bank. Even if she sells for N500, multiply that by 5,000, you get N2.5million.” SOURCE am highly motivated oooo 2 Likes 1 Share |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 8:53pm On Feb 22, 2015 |
kayles:Thanks. I think 20% after-profit sale charge is safer for people interested and also will be able to.give you confidence that i will work towards the success of the farm because if the produce is not sold,there will be no way i will deduct 20% from the profit. This is actually better than charging management fee before the produce from the farm are sold. The 20% charge is even smaller than collecting management fee from you before the produce are sold. 2 Likes |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 9:20pm On Feb 22, 2015 |
kayles:Charging 20% after sale is safer for your investment as it will allow you to have confidence that i will work toward the success of your farm and that also there is guarantee market for your produce because if i don't sell your produce, i would not be able to charge the 20% after sale profit,so i make sure my buyers buy your produce at the appropriate time and i am.able to.charge my 20% at the appropriate time as well It is a win-win relationship. The 20% charge is even lower than.charging for management fee directly from you. I hope you now understand the reason behind charging 20% after-sale |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 2:20pm On Feb 23, 2015 |
Johnnyessence:I have explain to.him. I.hope he understand. |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 3:45pm On Feb 23, 2015 |
Go for Plantain...its very profitable.
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Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 8:56am On Feb 24, 2015 |
Do agric...it pays |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 2:53pm On Feb 24, 2015 |
Agriculture and agricbusiness are two different things I will be sharing what later in the day what business of agriculture is stay connected |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 9:18pm On Feb 24, 2015 |
Agribusiness pays...Do it |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 8:58am On Feb 25, 2015 |
Good morning people!!! |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 2:10pm On Feb 25, 2015 |
The business of agriculture is the way forward. |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 2:10pm On Feb 25, 2015 |
The business of agriculture is the way forward. Do agriculture in the business way and create enormous wealth. |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 4:52pm On Feb 25, 2015 |
Use Good suckers to produce big and more fingers. The more and bigger the fingers,the higher the premium price it will attract 1 Like
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Re: Hidden Truths About Plantain Farming Business by pathology(m): 5:33pm On Feb 25, 2015 |
@lesg, well done bro. where re u located? can u set up and manage a farm at olunde after olomi area in ibadan and another at ikoyi in osun state. |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 9:26pm On Feb 25, 2015 |
pathology:I am based in ogbomoso. You can call me on 08092034147,08164628081 to discuss. |
Re: Hidden Truths About Plantain Farming Business by FarmTech(m): 11:04pm On Feb 25, 2015 |
Lesgupnigeria:.. I once asked him and he said it is net profit. I think that's far better than management fee. If the farm fails you pay nothing, that's quite fare to me. Another question I have is how many yrs will you charge the 20%? |
Re: Hidden Truths About Plantain Farming Business by senato123(m): 7:15am On Feb 26, 2015 |
Exactly my question,is the 20% a one-off setup fee? |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 8:03pm On Feb 26, 2015 |
FarmTech:The 20% is just for the first year. 1 Like |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 12:40am On Feb 27, 2015 |
Agribusiness pays...Engage and invest in it. |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 8:34am On Feb 27, 2015 |
Good morning people!!! |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 8:02pm On Feb 27, 2015 |
Follow me in my latest write-up on plantain farming business. It promises to be impactful and helpful for the success of your plantain farming business nairaland.com/2170719/must-read-plantain-farmers-intending |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 6:22pm On Feb 28, 2015 |
Agricbusiness pays...Invest and do it |
Re: Hidden Truths About Plantain Farming Business by kennethalice(m): 8:23pm On Feb 28, 2015 |
am following . |
Re: Hidden Truths About Plantain Farming Business by noblefarm: 10:37pm On Feb 28, 2015 |
Lesgupnigeria: I sent u msg on whatsapp not long ago |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 6:17am On Mar 01, 2015 |
noblefarm:ok. will check and get back to you. |
Re: Hidden Truths About Plantain Farming Business by noblefarm: 7:52am On Mar 01, 2015 |
happy new month |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 5:36pm On Mar 01, 2015 |
noblefarm:Same here. |
Re: Hidden Truths About Plantain Farming Business by Lesgupnigeria(m): 7:16am On Mar 02, 2015 |
kennethalice:Thanks for following.God bless you. |
Re: Hidden Truths About Plantain Farming Business by Johnnyessence(m): 7:05pm On Mar 02, 2015 |
well done ooooo bro lesgub am back ooooo keep d work moving we are following u sir how was farm today bro happy new month. |
Re: Hidden Truths About Plantain Farming Business by noblefarm: 7:41pm On Mar 02, 2015 |
Lesgupnigeria: sir u don't reply my msg on watsapp and ur number was off, wetin happen na |
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