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Invest In Oil Palm Plantation - Agriculture - Nairaland

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Invest In Oil Palm Plantation by Nobody: 6:41am On Jul 11, 2014
There is no doubt that oil palm is one of the best agricultural investment ever, you make money from the almost everything on the plant,its the best investment for the young,the old and the businessmen, you make money from it every year even without doing much work..
before i go into details i will like to answer the following questions that lots of people do ask me about the plant.

1)How much do you need to cultivate 1 acre of land to plant oil palm?
2)What is the initial investment(modal) in seeds and supplies per acre?
3)How many trees can I plant per acre?
4)How many tonnes of fruits an acre can produce a year?
5)Where can I buy genetically modified through biotechnology oil palm seeds and how much does it cost?
6)Will genetically modified oil palm fruits heavier or we can sell with higher price?
7)How much does it cost to replant the oil palm per acre?
coolWhat can I plant together with palm oil to generate extra income?
9)Where can I get informations like this? Any agencies or companies that I can go to

Re: Invest In Oil Palm Plantation by Nobody: 6:57am On Jul 11, 2014
1. Depends on where you live,closeness to the road and labour cost...labour cost in Lagos state is different from Ekiti
2. Your modal is your perseverance
3. 50 because hectare is around 150
4. Depends on your management
5. Naifor Address
PO Box 1030, Km 7, Benin- Akure Road, Benin City, Edo State, Nigeria Email info@nifor.org
6. There are three naturally occurring forms of the oil palm fruit, termed dura, tenera, and pisifera. Most cultivars are the tenera form which produces fruit with higher oil content.
7. cost of clearing, cost of new seed, labor cost thats all you need
8. cassava, banana as long as it doesnt register as competitor to plant
9. Naifor and am starting a venture on oil palm also and will be updating this trend from day one to .........

now to the main business

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Re: Invest In Oil Palm Plantation by Nobody: 7:10am On Jul 11, 2014
A modern oil palm plantation needs a grower who has learned how to cultivate oil palms.
Growing selected oil palms is not just a matter of picking the fruit; it is a modern crop.The grower must learn how to do his work well,
The grower should ask for advice, so that he learns to do better and better.The grower must think about his work and plan it, so that he can always do his work at the right time,Selected oil palms give the grower much more work than the natural trees, but they yield much more.

An oil palm grower is a modern farmer.
With the money he earns he can buy for his family what they need, and he can modernize his farm.

BEFORE STARTING THINK THINGS OVER CAREFULLY

An oil palm begins to produce 3 or 4 years after it has been planted.
During that time the grower must spend money and work hard, without harvesting any fruit or earning any money.
To make a modern oil palm plantation takes money,Most often you will have to pay workmen for clearing the site of the plantation and removing tree stumps, Then you must buy seedlings and fertilizers, Unless you apply fertilizers to the oil palms when they are still young, they will not grow well and you will have to wait a longer time before you can begin to harvest.
You may also have to pay workers to help you look after the young plantation. Weeds must not be allowed to get in the way of the oil palms, and the trees must be protected from damage by rats and agoutis.
All this work takes a lot of time, and this means that you may not have enough time to look after large fields of food crops.
You may have to buy food for your family.
Before you start an oil palm plantation, you must calculate carefully whether you will be able to pay all these expenses.

Re: Invest In Oil Palm Plantation by tolugar: 7:12am On Jul 11, 2014
Nice one op.




But your children and grandchildren will do havest


Lol

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Re: Invest In Oil Palm Plantation by Nobody: 7:14am On Jul 11, 2014
To grow oil palms takes a lot of work.
Re: Invest In Oil Palm Plantation by whirlwind7(m): 7:28am On Jul 11, 2014
Ahh, my oasis of information. I pitch my tent here.
Re: Invest In Oil Palm Plantation by Nobody: 7:34am On Jul 11, 2014
i will like to wait for questions before i continue, and continue more on this very soon when i start work on farm, most of this farms are owned by nairalander...about 195acre of oil palm to be cultivated.....currently clearing and uprooting of trees is ongoing..nursery will follow

Oil palm is planted in the main field in triangular system at spacing of 9 m accommodating 140 palms per ha. Planting is preferably done at the onset of moonsoon during May-June. The polythene bag is torn open and the entire ball of earth is buried in the pit (50 x 50 x 50 cm) and levelled
Re: Invest In Oil Palm Plantation by Nobody: 8:03am On Jul 11, 2014
Nursery practices

The fruits are separated from the bunch and seeds are extracted by scraping off the exocarp and mesocarp with a knife, or by retting in water. The seeds are then dried by spreading them on concrete or wooden floors under shade for two days. Such seeds can be stored for 3-9 months at about 27 ºC without much reduction in viability.Seeds are soaked in water for five days, changing the water daily. Thereafter, the seeds are spread out to dry for 24 hours. The dried seeds are put in polythene bags and placed in germinator maintained at a temperature of 40 ºC. After 80 days, the seeds are removed from polythene bags, soaked in water for 5 days changing the water daily and dried in the shade for two hours. The seeds are then put back into bags and kept in a cool place in order to maintain the moisture content. Germination commences in about 10-12 days. The percentage of germination obtainable by this method is 90-95.

Raising nursery

Polybags (preferably black) of 400-500 gauge measuring 40 x 35 cm are used. The bags are filled with topsoil and compost and are arranged at a spacing of 45 x 45 cm and one sprouted seed is dibbled per bag. A good mulching during summer is desirable. Watering the seedlings weekly thrice is recommended. A fertilizer mixture containing 15 g N, 15 g P2O5 and 6 g K2O at the rate of 8 g in five litres of water for 100 seedlings may be applied when the seedlings are two month and eight month old.
Re: Invest In Oil Palm Plantation by Nobody: 8:23am On Jul 11, 2014
PUTTING UP SHELTERS
In certain regions shelter has to be put up over the nursery.This protects the young seedlings from a disease called blast.
These shelters are made with posts and bamboo sticks.To make the shelters more solid, put two posts together.The posts should be 2.5 metres high. The bamboo sticks are tied to the posts with lianas.

Finally, put palm fronds over the bamboo sticks.In Benin, shade for the young oil palms is provided by planting castor-oil plants in the nursery.
If you make a shelter, you need not mulch, but you must hoe very often.Get rid of all the weeds, and always keep the soil loose.

Three months after transplanting, if the seedlings have grown well, apply monthly to each plant 15 to 20 grammes of a mixture of ammonium sulfate and potassium chloride.Spread the fertilizer mixture in a ring 10 centimetres from the seedling and water.Hoe to work the fertilizer into the ground.

The seedlings stay in the nursery for about 1 year.You must plan, therefore, to make the nursery about 1 year before you want to plant your palm.

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Re: Invest In Oil Palm Plantation by Nobody: 8:33am On Jul 11, 2014
i dont want to write much about the theory when the practical starts ill continue,questions are welcome by the way if you are interested in buying cheap farmland in ogbomoso you can get as low as 50k per acre and we can also help you to manage your farm lands get in tourch with the contact in my signature

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Re: Invest In Oil Palm Plantation by idumuose(m): 11:41am On Jul 11, 2014
Nice one @op.
Re: Invest In Oil Palm Plantation by Nobody: 1:40pm On Jul 11, 2014
idumuose: Nice one @op.
thank you
Re: Invest In Oil Palm Plantation by hotmas911(m): 2:13pm On Jul 11, 2014
doctorisa: i dont want to write much about the theory when the practical starts ill continue,questions are welcome by the way if you are interested in buying cheap farmland in ogbomoso you can get as low as 50k per acre and we can also help you to manage your farm lands get in tourch with the contact in my signature
great job

1 Like

Re: Invest In Oil Palm Plantation by whirlwind7(m): 4:17pm On Jul 11, 2014
Hi, doctorisa.
I watched a video on germinating oil palm seeds. The procedure was not quite as tedious as the way you described here.
In the video, oil palm seeds were placed in an airtight plastic bag (ziplock) containing the moist soil mixture (was called perlite, I think)
The package was stored for about 3 months in warm temperature, and germination occurred. Please, what is your take on this?
Also, I have picked up many seedlings sprouting in the wild on occasions.
Re: Invest In Oil Palm Plantation by Nobody: 4:24pm On Jul 11, 2014
whirlwind7: Hi, doctorisa.
I watched a video on germinating oil palm seeds. The procedure was not quite as tedious as the way you described here.
In the video, oil palm seeds were placed in an airtight plastic bag (ziplock) containing the moist soil mixture (was called perlite, I think)
The package was stored for about 3 months in warm temperature, and germination occurred. Please, what is your take on this?
Also, I have picked up many seedlings sprouting in the wild on occasions.
bro the video you watch is it documented by a nigeria or the whites,don't let anybody deceive you its somehow tedious and requires hardwork...the nursery is the most important aspect any mistake made will affect the palm throughout its life cycle...
Re: Invest In Oil Palm Plantation by whirlwind7(m): 4:32pm On Jul 11, 2014
doctorisa: bro the video you watch is it documented by a nigeria or the whites,don't let anybody deceive you its somehow tedious and requires hardwork...the nursery is the most important aspect any mistake made will affect the palm throughout its life cycle...

Yeah, it was a foreign video.
However, it was almost similar to what another NLer (MANGAM) did, and he got results. I'll look for that particular post of his, and include it here.
Re: Invest In Oil Palm Plantation by Nobody: 4:41pm On Jul 11, 2014
whirlwind7:

Yeah, it was a foreign video.
However, it was almost similar to what another NLer (MANGAM) did, and he got results. I'll look for that particular post of his, and include it here.
its nt compulsory we all use the same method,so far we achieve the same result..its good. Sir
Re: Invest In Oil Palm Plantation by whirlwind7(m): 4:52pm On Jul 11, 2014
doctorisa: its nt compulsory we all use the same method,so far we achieve the same result..its good. Sir

Copy that, Sir. smiley

I just remembered that the link to the video was given by MANGAM (on Youtube)
I just posted on one of his threads, asking him kindly to describe the procedure he took, and to narrate his experience.

I'm here to learn from you all.
In fact, I look at all of you guys in awe. What you guys are doing here is awesome!
Re: Invest In Oil Palm Plantation by nurey(m): 5:46pm On Jul 11, 2014
Nice work o.p but do you sell seedlings and how much will it cost
Re: Invest In Oil Palm Plantation by Nobody: 6:07pm On Jul 11, 2014
nurey: Nice work o.p but do you sell seedlings and how much will it cost
you can buy the nursery at 30naira each and the one they have nurse already at 150naira you can get at naifor...check their address above...
Re: Invest In Oil Palm Plantation by nurey(m): 7:44am On Jul 12, 2014
Ok thanks o.p good info here
Re: Invest In Oil Palm Plantation by uzomina: 10:39am On Jul 12, 2014
.....Just incase u need a covered trucks,we convey all house properties,building materials,goods of all types to any parts of nigeria too your destinations . 08030745575
Re: Invest In Oil Palm Plantation by Nobody: 7:07pm On Jul 12, 2014
uzomina: .....Just incase u need a covered trucks,we convey all house properties,building materials,goods of all types to any parts of nigeria too your destinations . 08030745575
thanks noted..
Re: Invest In Oil Palm Plantation by Nobody: 8:22pm On Jul 13, 2014
Nursery of the oil palm will start very soon, we have almost finish clearing all the trees on most of the site,we leave some trees beside the stream to serve as shield for the oil palm nursery...

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Re: Invest In Oil Palm Plantation by stanchuks(m): 10:38pm On Jul 13, 2014
doctorisa: Nursery of the oil palm will start very soon, we have almost finish clearing all the trees on most of the site,we leave some trees beside the stream to serve as shield for the oil palm nursery...

Great Job Sir, Keep it up
Re: Invest In Oil Palm Plantation by amme1(m): 4:34pm On Jul 14, 2014
Good work.
Re: Invest In Oil Palm Plantation by Nobody: 7:50am On Jul 15, 2014
We are now through with clearing of the land and the trees... waiting for some of the people that owns part of the land to send in money so we can buy the seed And start the nursery very soon...ill update pictures when we get there...
Re: Invest In Oil Palm Plantation by chubi1980: 12:47pm On Jul 17, 2014
Hi everyone, I have been a keen follower of all your inputs and contributions so far on this thread and I most say it has been truly awesome! I do sincerely believe agriculture is a huge and profitable venture especially in a case where white collar jobs are increasingly difficult to get. Hence, would like to start off buying and selling so I could learn the ropes with the view of setting up a palm oil production company in future. However, my dilemma is where and who to buy from and sell to and start off costs involved...please, any ideas? Thanks!
Re: Invest In Oil Palm Plantation by whirlwind7(m): 1:48pm On Jul 17, 2014
doctorisa: We are now through with clearing of the land and the trees... waiting for some of the people that owns part of the land to send in money so we can buy the seed And start the nursery very soon...ill update pictures when we get there...

That's great! Hoping to see your updates soon.
Re: Invest In Oil Palm Plantation by Nobody: 7:50pm On Jul 25, 2014
Work will start on this site soon
Re: Invest In Oil Palm Plantation by Nobody: 7:56pm On Jul 25, 2014
chubi1980: Hi everyone, I have been a keen follower of all your inputs and contributions so far on this thread and I most say it has been truly awesome! I do sincerely believe agriculture is a huge and profitable venture especially in a case where white collar jobs are increasingly difficult to get. Hence, would like to start off buying and selling so I could learn the ropes with the view of setting up a palm oil production company in future. However, my dilemma is where and who to buy from and sell to and start off costs involved...please, any ideas? Thanks!
this are the questions you need. To answer yourself, where did you stay,you need to buy from villages around you, and sell. During the peak period of high demand...
Re: Invest In Oil Palm Plantation by Nobody: 1:25pm On Jul 27, 2014
i dont believe in theory,when we start work here ill pour it out directly from my brain with full step by step pictures to make it more interesting

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