Exmilitant:
I was following this thread happily until one bitter and confused soul named Atlanticfire crept in and started discouraging some passionate fellows on here. I have a palm estate in Cross River state Akamkpa that pays me 3.8 million naira every 30th July! So, OP, Pay no heed to that demon named Atlanticfire, FARMING CAN MAKE YOU A BILLIONAIRE!!!

beejay1:


Hello Exmilitant, can we connect...I want to go into palm farming and need some info.

beejay1:


Hello Exmilitant, can we connect...I want to go into palm farming and need some info.

Atlanticfire:


You were owed for 3 months and you think that is a problem?

Why not sign agreement with your buyers stipulating the payment conditions and penalty for default?

We used to do sales on return when we were into distribution, if you don't pay for previous supply, you don't get new supply. We target at least 20% profit margin, so after 5 trade cycle, even if the buyer defaults after the 5th trade cycle, our previous profits would have covered for that default. Also the credit rating of each buyer is linked to previous payment performance.

Between the time you got your farmland and the time you are going to plant is more than the 3 months delay that you are complaining about, so even in the farming, your money is still tied down.

If wholesalers are giving you headache, why not sell directly to retailers or why not sell at cash only basis to wholesalers at less profit margins?

Anyway welcome to farming, I have been involved in farming for sometime now so I can not advise anyone to leave the service sector to the primary production sector unless it is backward integration where you already have a successful service business running and you want to expand into production to feed your services business.

Look at what Dangote did in cement, he was importing cement clinkers and just grinding and packaging them for sale, this was a service business. After the success of the service business he started opening up his own cement production plants and asked government to frustrate importation of cement clinkers by others. He had a going service business before into production of cement.

The same thing can be said of his sugar and salt businesses they are still service businesses until today. His foray into primary production without a corresponding service business failed when he tried to go into tomato farming and paste production.

I wish you success and welcome to our club of farmers. We feed the nation, although we don't become millionaires through farming.

ikelords:
My first 2.5 ha will be 1 month on the 12th of August.. Application of selective herbicide, pesticide and fertilizer loading.

The pesticide will be applied first and after 3 days, the selective herbicide will follow suite and then fertilizer after one week. Everything is going as planned just that rain have refused to fall in anambra state for some days ....

ikelords:
a hectare of land when planting by broadcasting it takes 55 to 60kg and in return you are likely to get about 3.5 to 6 tons of rice paddy, this also depend on your agricultural practice. If you are to mill 70% is to white rice and 30% is for the rice bran/ husk. Let's say you get 1 ton from one hectare which is 1000kg, 70% of it is 700kg for white rice while 300kg is the rice bran.. I hope you understand

Exmilitant:
I was following this thread happily until one bitter and confused soul named Atlanticfire crept in and started discouraging some passionate fellows on here. I have a palm estate in Cross River state Akamkpa that pays me 3.8 million naira every 30th July! So, OP, Pay no heed to that demon named Atlanticfire, FARMING CAN MAKE YOU A BILLIONAIRE!!!

bizzibodi:

PLS explain further 3.8m every 30th of July.

Exmilitant:
What don't you understand? I rent out my palm estate on yearly basis.

bizzibodi:

How many trees & what price/tree?I want to learn.

ikelords:
I visited my first farm, 2.5 hectares to see how my rice seedlings are doing and behold they are already above 5 inches off the ground.

Exmilitant:
1,760 palm trees on a 10 hectares of land.

bizzibodi:

I have an hectare,Can an hectare take 1000 trees?

bizzibodi:

I doubt if rice husk from a 100kg paddy will weigh 30kg.

amerengues:


Sometimes it depends on the machine milling the rice. You may not get the exact standard but variations. It’s best to estimate 67% white rice, 22% Rice bran and 11% Rice husk (JUST AN AVERAGE)

The level of polishing, variety and type of milling machine plays a huge factor.

Exmilitant:
Where is your location? Better still, send your phone number.

willybaby:
hello please what's rice bran

amerengues:


Rice bran is a byproduct of the rice milling process (the conversion of brown rice to white rice), and it contains various antioxidants that impart beneficial effects on human health.

In a nutshell, when you remove husk/hull from the rice, you will have brown rice. After polishing the brown rice, you will have white rice and rice bran (scrapped from the brown rice). Rice bran quantity is a function of the level of polishing.

ikelords:
force up is a non selective herbicide, that contain an active ingredient called glyphospate. It is used to kill weeds. There are so many other non selective herbicide in the market like flysate, uproot, sunsate etc.

tonee1:


Bro kindly drop Ur contact.. needed to ask u something.. thanks

Kachifo3:
op don't be discouraged, a rice mill @ Anambra is buying 170k per ton of paddy..

if you decide not to mill, supply and collect ur money within 12hrs ..

ikelords:
Paid a visit to my farm today, my rice on the first 2.5 ha is one month and 10 days today. This is how they look without application of fertilizer.

Kachifo3:
op don't be discouraged, a rice mill @ Anambra is buying 170k per ton of paddy..

if you decide not to mill, supply and collect ur money within 24hrs ..