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How Profitable Is Plantain Farming? - Agriculture - Nairaland

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How Profitable Is Plantain Farming? by Bernoullifarm: 2:04am On Feb 27, 2020
HOW PROFITABLE IS PLANTAIN FARMING

This is an update on my previous post on plantain farming.
A lot of the time, people have called me to ask ‘How Profitable is plantain farming?”
Someone even asked me a direct question “Can I become a millionaire farming Plantain?”.
My name is Frank Nwodo, I am the CEO of Bernoulli Farms and Food Limited. We are based in Rivers State and have been farming Plantain for the past 5 years. So our views on Plantain farming are not based on hear Say but on practical experiences over time.
I will take time to explain Plantain farming in this article and how profitable plantain farming is. Mentioning Plantain in this article covers both Plantain and Banana farming.
WHAT IS PLANTAIN FARMING?

Plantain farming is simply the growing of Plantain for commercial or consumption purpose.
For the sake of this article, we shall be focusing on the commercial purpose of farming plantain.

WHO CAN FARM PLANTAIN
Anybody that has land in an environment with the right climatic conditions can farm Plantain. Plantain does not perform well in very hot environment.
The soil condition can always be improved upon by the right application of soil additives.

IS THERE MARKET FOR PLANTAIN?
The demand for plantain is very massive and growing on a year to year basis.
In Nigeria, the population currently stands at a little over 200million persons. And daily, 20,000 children are born (according to UNICEF). This ever-increasing population require food as one of their basic survival needs. Hence, the high and ever-increasing demand for food of which Plantain is one of them.
Secondly, the population of diabetics in Nigeria is on the increase. According to WHO in 2015, the population of diabetics is about 3% and the value is increasing yearly by 0.3%. Globally the problem is very prevalent and Plantain has been identified as one of the best food for diabetics due to its low Glycemic index. The misconception that Wheat was healthy for diabetics was a major health disaster but with the recent discovery that wheat is not healthy but plantain is, has further increased the demand for plantain and pushed up the market value.
Between late March and August every year, the demand usually soars and price most times doubles due to scarcity. This is a constant and smart farmers usually pounce on this intelligence to rake in money. People come from far and near this period (March – August) looking for Plantain.

WHY SHOULD YOU FARM PLANTAIN
1. Easy to Manage
Plantain is very easy to manage. It does not require too much of your time. A full time worker, Business man, Pastor, Iman or whatever endeavor you are into, can do plantain farming without involving so much of your time.
2. You Plant Once
You only need to plant plantain once. After that, it is continuous harvest from year to year as the Plantain tree will keep producing suckers to replace the outgoing generation. You can also generate a lot of revenue from the suckers.
3. Ready Market
The huge demand for plantain makes the selling of your produce easy. In Rivers State, Bole women and some other market women come into the farms looking for plantain fruits to purchase.

TRAPS TO AVOID

In setting up your plantain farm, avoid the following traps
1. Inadequate Knowledge
If you lack the needed knowledge on how to care for your plantain farm, get a mentor to guide you. A mentor is someone that is farming Plantain successfully. Not someone that claims to be farming plantain but is just an internet farmer. We have a detailed manual for plantain farm management.
2. The Wrong Species
In my experience, a lot of unsuspecting intending farmers fall prey to big name species but end up buying local and non-performing species from internet farmers. These people parade all manner of pictures of plantain but don’t own farms. Be very careful so you don’t fall victim. We have the Cameroun Specie called Ebak Ebanga, Mboroukou3, Batard and the Nigerian specie called Giant Elephant.
3. The Wrong Climate
One very critical factor to the success of your plantain farm is the right climate. If your land is in very hot areas with little rainfall, then a lot of effort must be put in to make your plantain farming business a success.
FEASIBILITY STUDY ON PLANTAIN FARMING
This study is updated because certain factors have changed due to changes in some economic indices like inflation.
This study is on one acre of land. Which is 6 plots of 100ft x 50ft size.
SET UP COST
For the sake of this study I will not consider the cost of acquiring land and preparing the land because it varies from location to location.
The following are the cost to consider
a). Cost of buying suckers: The cost is #150 per sucker for treated and high performing species. One acre will accommodate 800 suckers at a spacing of 2m x 2m.
Cost of suckers = #150 x 800 = #120,000
b). Cost of Pegging and Planting: This cost is avoidable if you and your family members can handle. You can also hire professionals to do it applying the best practices. For the sake of this article, we will peg it at #100.
Cost of pegging and planting = #100 x 800 = #80,000
c). Logistics cost: This depends on the distance from where you are getting your suckers to where you are planting. For the sake of this report, we say #25,000
d). Manure cost: In order the quicken the growth process, a little bit of manure is needed. Poultry manure can serve perfectly. A bag is sold for #300. You will need 10 bags to plant 800 suckers.
Cost = #300 x 800 = #3,000.
Total Setup Cost = #120,000 + #80,000 + #25,000 + #3,000 = #228,000
If you plant the right specie that is properly treated against Nematode and fungi attack. Specie that is drought resistant, then you will not have any mortality. All will grow very well and in 8 months, they will start fruiting and harvest will be in the 10th month after planting.

MAINTENANCE COST
HERBICIDE
The cost of maintaining plantain farm is minimal. Basically, you manure, prune and weed.
As soon as the plantain reaches 1m in height, you start using herbicides. This will reduce your maintenance cost without any negative effect on the plants.
During the peak of the rainy season, you apply the herbicide more often. For one acre, you will need 3 bottles to properly tackle the weed per time. Application will be done like 5 times in one year. That is a total of 15 bottles.
A bottle of the herbicide is sold for #1,500 depending on your location and the product.
Cost of Herbicides = #1500 x 15 = #22,500
The spraying of the herbicide can be done by you so as to minimize cost.
MANURE
Plantain are very high consumers of nutrient. It is advisable to provide manure to the plants regularly to support their growth. You can either use organic manure or apply fertilizer.
Pig manure or cow dung are heavy and last longer while poultry manure act faster but doesn’t last long. Care must be taken in the application as wrong application can kill the plants. (manure application techniques are explained in our plantain farm management manual).
Using Pig manure, you can get 100 bags to cover one acre. Each bag is sold for #200.
Cost of manure = #200 x 100 = #20,000
This can be done by you and your family members.
Total Maintenance Cost = Herbicide cost + Manure Cost = #22,500 + #20,000 = #42,500
Total Setup and Maintenance Cost = #228,000 + #42,500 = #270,500

REVENUE/RETURNS
The returns from plantain are in two folds if you properly take care of your farm. You will get a lot of suckers and hefty plantain bunches.
1. Returns from Suckers
Each plantain tree can produce as much as 15 suckers. You can decide to sell 12 from each tree which means you will have 9,600 (12 x 800) suckers available for sale.
If you sell each for #150, then the return from suckers = #150 x 9,600 = # 1,440,000.00
2. Returns from Plantain fruits
The plantain bunches from good species that are properly taken care of are hefty. The minimum price irrespective of the season is #1,500.
The return therefore = #1500 x 800 = #1,200,000.00

The projected total returns in one cycle = #1,440,000 + #1,200,000 = #2,640,000.00
Profit = #2,640,000 - #270,500 = #2,369,500.00

So, for those asking if Plantain farming is profitable, my answer is yes and you can see that with this study. Again, you can become a millionaire farming plantain as you can also see from the analysis. But the point still remains that you must maintain your farm appropriately.
Plantain farming is like fine wine. It gets better with time. The second generation profit will double the first generation profit meanwhile you wont have to spend on buying suckers and planting anymore unless you are expanding.

Below are some projects we have done that are doing well.
We can supply you very viable plantain suckers of exotic species and we are available to guide you reap bountifully from your plantain farm investment.
We also give out our manual free (valued at #20,000) that covers all the information you need to effectively manage your plantain farm when you buy suckers from us. Should you also need buyers, we can get you connected to bulk buyers for your plantain fruits.
Kindly visit www.facebook.com/bernoullifarmsnfood to see our jobs and other things we do. You can contact 08138286066 (Calls) or 08186005285 (Whatsapp) or 08087500382 (Whatsapp) for plantain/banana suckers supply, farm setup, farm management and consultancy.
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Re: How Profitable Is Plantain Farming? by Psalmy2cute(m): 7:33am On Feb 27, 2020
who sells none tissle culture suckers for 150 each? you can even get plantain suckers for as low as 15 naira each... grin grin and 1500 naira for a plantain bunch on a commercial scale?? irrespective of the season? I think the average price for this is 300 to 400 naira sometimes can go as low as 250, this write up has so many flaws.. and unrealistic

3 Likes

Re: How Profitable Is Plantain Farming? by Bernoullifarm: 10:35am On Feb 27, 2020
Is that so? So you can get suckers for #15...wow. I am not surprised you sell your mature fruit for #300.
How can a sucker you got for #15 yield anything useful.
Meanwhile, I didn't mention tissue culture in the writeup.

Please visit my farm. We are in Rivers State. We supply regularly to Chandling companies at #230 per Kg. One bunch most times weigh 12kg. So you can do the math.

1 Like

Re: How Profitable Is Plantain Farming? by Psalmy2cute(m): 11:42am On Feb 27, 2020
Bernoullifarm:
Is that so? So you can get suckers for #15...wow. I am not surprised you sell your mature fruit for #300.
How can a sucker you got for #15 yield anything useful.
Meanwhile, I didn't mention tissue culture in the writeup.

Please visit my farm. We are in Rivers State. We supply regularly to Chandling companies at #230 per Kg. One bunch most times weigh 12kg. So you can do the math.
you supply regularly to Chandling companies and you're here saying a bunch of plantain sells for 1500 naira .... which market seller is going to buy at that rate from you?? anyone who actually follows up with this write up will have a very long story to tell grin grin grin

3 Likes

Re: How Profitable Is Plantain Farming? by Bernoullifarm: 5:34pm On Feb 27, 2020
If I check well you might be in one village. So no point arguing with you. They sell in dozens to market women. And the grade of plantain we have, sells for atleast #18,000 per dozen. If you know maths, how much does that translate to per bunch
Psalmy2cute:

you supply regularly to Chandling companies and you're here saying a bunch of plantain sells for 1500 naira .... which market seller is going to buy at that rate from you?? anyone who actually follows up with this write up will have a very long story to tell grin grin grin

1 Like

Re: How Profitable Is Plantain Farming? by Psalmy2cute(m): 8:14pm On Feb 27, 2020
Bernoullifarm:
If I check well you might be in one village. So no point arguing with you. They sell in dozens to market women. And the grade of plantain we have, sells for atleast #18,000 per dozen. If you know maths, how much does that translate to per bunch
so you have your plantain plantation in the city grin grin bro abeg no kill me with laugh.. keep deceiving yourself you're selling plantain 18k per dozen grin grin I dare you to post the variety of the plantain you're selling 18k per dozen let nairalanders see the golden plantain you're trying to promote here.. even companies that deals on plantain flour wont buy from you at that price.... I've read alot on planting.. I'm not new to it anyways.. and I'll say it again.. this writeup of yours is trash and filled with misinformation..

1 Like

Re: How Profitable Is Plantain Farming? by healthserve(m): 8:20pm On Feb 27, 2020
The real prices aren't posted by most farmers to not make it noisy. Yes, plantains sell as high as 1,500 Naira per bunch. But sometimes, the pricing isn't dissociative from Location,Season,Availability,Competition and Logistics involved. For example in the SS, its higher than the SW


Disclaimer: I've traded it in it for years with both the informal and formal sectors
Re: How Profitable Is Plantain Farming? by Psalmy2cute(m): 8:25pm On Feb 27, 2020
these are the type of consultants that will encourage you to invest in their fairytale and at the end of the day when you loose your money.. they'll tell you "shit happens" plantain farming is a profitable no doubt,.. but not the fairytale writeup this guy has put down.. notice he didnt mention any major challenges you'll experience along the line.. hes just here for clients

1 Like

Re: How Profitable Is Plantain Farming? by Psalmy2cute(m): 8:30pm On Feb 27, 2020
healthserve:
The real prices aren't posted by most farmers to not make it noisy. Yes, plantains sell as high as 1,500 Naira per bunch. But sometimes, the pricing isn't dissociative from Location,Season,Availability,Competition and Logistics involved. For example in the SS, its higher than the SW


Disclaimer: I've traded it in it for years with both the informal and formal sectors
note I'm not saying plantain cant sell that high,... but saying you can sell 800 bunch at 1500 grin haba bro talk true nah.. especially when youre trying to encourage a newbie into plantain farming.. you dont go around telling people you can sell plantain 1500 per bunch.. when we all know the local market is the most available market.. and price is never stable
Re: How Profitable Is Plantain Farming? by healthserve(m): 8:31pm On Feb 27, 2020
Business is trade secrets. Detailed intricacies about any activity. What this implies is if I'm a carpenter, capentry isnt the trade per se, but my innate internal knowledge in my field.

Now, while thankfully to the internet many people share their knowledge, been reserved in conduct doesn't necessarily means one is deceitful about an information or not an expert at it. For example, there are Plantain Chairmen in this sections whom I've cone to know first hand and have been big from its trade but post almost very little commesorate with their true worth( farm wise ). In the end, if a poster like the op seeks investors, more clarity maybe needed by any investor. Like risks, Returns,Marketability etc


A much more detailed digest is required if the op is trying to sell himself to get client. I hope he isn't. If one has been a plantain farmer like the op says for years and has expanded his business, such a farmer can manage the structure by outting back funds fron the farm into the farm unless facts are not truths.


Pro-Productivity. God belss Humanity
Re: How Profitable Is Plantain Farming? by healthserve(m): 8:34pm On Feb 27, 2020
Psalmy2cute:
note I'm not saying plantain cant sell that high,... but saying you can sell 800 bunch at 1500 grin haba bro talk true nah.. especially when youre trying to encourage a newbie into plantain farming.. you dont go around telling people you can sell plantain 1500 per bunch.. when we all know the local market is the most available market.. and price is never stable


The price i tag plantain for me for reports is 800naira, so be it direct sales to the open market, chips production,flour production,this unit price will work with any form of its marketing.

1 Like

Re: How Profitable Is Plantain Farming? by Psalmy2cute(m): 8:34pm On Feb 27, 2020
there are more plantain farms in the ss region compared to the southwest.. I grew up as a child helping my mom with her sales on plantain.. infact as at December last year.. I bought up to 30 heavy bunch of plantain for as low as 7k, in warri..
Re: How Profitable Is Plantain Farming? by healthserve(m): 8:35pm On Feb 27, 2020
Lol SS. I've been buying plantains from S.S since six years. Their problem is they don't cultivate it in massive volumes. I know big guys where on this section woth very big plantain farms but theu don't comment or post pictures one bit. Na sense make me sef catch them

Imagine last time i bought plantains worth 250k, we use 50k ship am come store. Because it was coming from the SS. Now it will rise as high as 75-80k

1 Like

Re: How Profitable Is Plantain Farming? by Nobody: 9:01pm On Feb 27, 2020
Psalmy2cute:
who sells none tissle culture suckers for 150 each? you can even get plantain suckers for as low as 15 naira each... grin grin and 1500 naira for a plantain bunch on a commercial scale?? irrespective of the season? I think the average price for this is 300 to 400 naira sometimes can go as low as 250, this write up has so many flaws.. and unrealistic
there are season when a bunch go for more than 2k here in Delta. there are so some season when it become very cheap.....a dozen(12 bunches) sell for 3k to 5k
Re: How Profitable Is Plantain Farming? by Nobody: 9:03pm On Feb 27, 2020
healthserve:
Lol SS. I've been buying plantains from S.S since six years. Their problem is they don't cultivate it in massive volumes. I know big guys where on this section woth very big plantain farms but theu don't comment or post pictures one bit. Na sense make me sef catch them

Imagine last time i bought plantains worth 250k, we use 50k ship am come store. Because it was coming from the SS. Now it will rise as high as 75-80k
the recent flooding problem is reducing plantain farming in South South. there are more plantain in South South than any other zone
Re: How Profitable Is Plantain Farming? by Psalmy2cute(m): 9:03pm On Feb 27, 2020
Lostz:
there are season when a bunch go for more than 2k here in Delta. there are so some season when it become very cheap.....a dozen(12 bunches) sell for 3k to 5k

yes but hes saying plantain bunch goes for 1500 naira irrespective of the season.. that's just a big fat white lie.. saying 500 naira irrespective of the season is even more reasonable.. this is the first time I've had to disagree with a plantain farm consultant on this forum..
Re: How Profitable Is Plantain Farming? by healthserve(m): 9:04pm On Feb 27, 2020
Lostz:
the recent flooding problem is reducing plantain farming in South South. there are more plantain in South South than any other zone


Oshare

Na we dey buy am. I want to keep my information private but i would have spoken. A popular brand hired my team to get plantains on a consistent basis, ( i buy from as far as Delta,Bayelsa,Edo) they could hardly keep up with the demand.


Plenty in plantain to me starts from 50 acres bro. 50,000 pieces. Trust me what we have is a cluster of small and a little bit medium scale farmers. But I'm yet to be acquainted with very very vig farms like 200 acres plantain farm. Bro educated minds have assignment to do is ehat i will say. To me sha o. 20,000 plantain na peanut. ( In my active marketing seasons ) I buy full bus load weekly so i know as e dey go
Re: How Profitable Is Plantain Farming? by Nobody: 9:08pm On Feb 27, 2020
healthserve:


Na we dey buy am. I want to keep my information private but i would have spoken. A popular brand hired my team to get plantains on a consistent basis, ( i buy from as far as Delta,Bayelsa,Edo) they could hardly keep up with the demand.


Plenty in plantain to me starts from 50 acres bro. 50,000 pieces
Delta State was all plantain until recently. there are farms that are as large a community in Delta State.
Re: How Profitable Is Plantain Farming? by healthserve(m): 9:09pm On Feb 27, 2020
Lostz:
Delta State was all plantain until recently. there are farms that are as large a community in Delta State.


Oniovo for where for Delta o. Cause i dey familiar with hood o. From Ozoro to Abraka to Effurun to Warri
Re: How Profitable Is Plantain Farming? by Nobody: 9:13pm On Feb 27, 2020
healthserve:



Oshare

Na we dey buy am. I want to keep my information private but i would have spoken. A popular brand hired my team to get plantains on a consistent basis, ( i buy from as far as Delta,Bayelsa,Edo) they could hardly keep up with the demand.


Plenty in plantain to me starts from 50 acres bro. 50,000 pieces. Trust me what we have is a cluster of small and a little bit medium scale farmers. But I'm yet to be acquainted with very very vig farms like 200 acres plantain farm. Bro educated minds have assignment to do is ehat i will say. To me sha o. 20,000 plantain na peanut. ( In my active marketing seasons ) I buy full bus load weekly so i know as e dey go
I have a friend that load a trailer of plantain every two weeks to Abuja from his farm. he recently acquired land in bayelsa.

I have a farm, although small but planned to acquire more land and labourers once I get the needed fund.
Re: How Profitable Is Plantain Farming? by healthserve(m): 9:14pm On Feb 27, 2020
Lostz:
I have a friend that load a trailer of plantain every two weeks to Abuja from his farm. he recently acquired land in bayelsa.

I have a farm, although small but planned to acquire more land and labourers once I get the needed fund.


Bro leave tales. I've sourced for plaintains regularly weekly, the whole Nigeria we source we no see am consistently weekly.

A Nairalander firm is doing something massive in thie field sha. They are cultivating 1,000,000 Plantains. These are the biggest player in the industry i know of first hand.
Re: How Profitable Is Plantain Farming? by Nobody: 9:17pm On Feb 27, 2020
healthserve:



Oniovo for where for Delta o. Cause i dey familiar with hood o. From Ozoro to Abraka to Effurun to Warri
Aboh, Umuti, Akari and their surroundings.

there are no plantain farm in those area you mentioned. only little farms
Re: How Profitable Is Plantain Farming? by healthserve(m): 9:18pm On Feb 27, 2020
Lostz:
Aboh, Umuti, Akari and their surroundings.

there are no plantain farm in those area you mentioned. only little farms


Okay. Aboh is on point. But not as large. Where plantain dey large e dey kill poverty. Poverty still tie those ones wrapper
Re: How Profitable Is Plantain Farming? by Nobody: 9:23pm On Feb 27, 2020
healthserve:



Bro leave tales. I've sourced for plaintains regularly weekly, the whole Nigeria we source we no see am consistently weekly.

A Nairalander firm is doing something massive in thie field sha. They are cultivating 1,000,000 Plantains. These are the biggest player in the industry i know of first hand.
I don't think this my friend cultivate up to 1m suckers yearly but all his farms together are as large as a community. he takes his goods directly to Abuja.


have you tried sourcing for plantain using boat through the river Nigeria?
you are just looking for them in big cities
Re: How Profitable Is Plantain Farming? by healthserve(m): 9:25pm On Feb 27, 2020
Lostz:
I don't think this my friend cultivate up to 1m suckers yearly but all his farms together are as large as a community. he takes his goods directly to Abuja.


have you tried sourcing for plantain using boat through the river Nigeria?
you are just looking for them in big cities

Why you maybe correct cause no one has all answers, i am yet to see such large farms or hear of them to the extent you're mentioning it. I've been to rigerine communities. Yes they engage in such but not big big. 1 million suckers means 1,200 acres of land. They may exist but on low key sha. I agree you're right. But very big farms would have impacts on its surrounding neighborhoods which is why i maintain my position on the discussion


Will you share his contact?
Re: How Profitable Is Plantain Farming? by Nobody: 9:31pm On Feb 27, 2020
healthserve:



Okay. Aboh is on point. But not as large. Where plantain dey large e dey kill poverty. Poverty still tie those ones wrapper
Aboh is learning compare to Umuti/Akari (where almost everyone farm plantain) just that road is bad once it starts raining. you will need engine boats.

I have friends who moved to those places for plantain farming. Aboh people are very lazy. most of the plantain in Aboh are done by foreigners. Aboh youth prefer to drink, carry woods or sell tickets to farmer and traders
Re: How Profitable Is Plantain Farming? by healthserve(m): 9:34pm On Feb 27, 2020
Lostz:
Aboh is learning compare to Umuti/Akari (where almost everyone farm plantain) just that road is bad once it starts raining. you will need engine boats.

I have friends who moved to those places for plantain farming. Aboh people are very lazy. most of the plantain in Aboh are done by foreigners. Aboh youth prefer to drink, carry woods or sell tickets to farmer and traders


Good information. I'll go visit this communities and give feedback on the forum once i return
Re: How Profitable Is Plantain Farming? by Nobody: 9:40pm On Feb 27, 2020
healthserve:


Why you maybe correct cause no one has all answers, i am yet to see such large farms or hear of them to the extent you're mentioning it. I've been to rigerine communities. Yes they engage in such but not big big. 1 million suckers means 1,200 acres of land. They may exist but on low key sha. I agree you're right. But very big farms would have impacts on its surrounding neighborhoods which is why i maintain my position on the discussion


Will you share his contact?
I won't share his contact to a total stranger since he doesn't need buyers.

if you are looking for plantain just take the Umuti/Akari route. one dozen (12 bunches) sell for as low as 1500 to 2k during the rainy season due to lack of buyers and bad road
Re: How Profitable Is Plantain Farming? by Nobody: 9:43pm On Feb 27, 2020
healthserve:



Good information. I'll go visit this communities and give feedback on the forum once i return
once you reach Aboh, just pay for a bike man to take your around. rainy season is when you get them very cheap
Re: How Profitable Is Plantain Farming? by healthserve(m): 9:44pm On Feb 27, 2020
Lostz:
once you reach Aboh, just pay for a bike man to take your around. rainy season is when you get them very cheap


Okay
Re: How Profitable Is Plantain Farming? by wura2u: 5:23am On Feb 29, 2020
You see life!! The man who opened the thread has kept mute while gladiators have taken over. That is one life lesson I have learnt.

1 Like

Re: How Profitable Is Plantain Farming? by HornyTave(m): 6:39pm On Mar 13, 2020
Bernoullifarm:
HOW PROFITABLE IS PLANTAIN FARMING

This is an update on my previous post on plantain farming.
A lot of the time, people have called me to ask ‘How Profitable is plantain farming?”
Someone even asked me a direct question “Can I become a millionaire farming Plantain?”.
My name is Frank Nwodo, I am the CEO of Bernoulli Farms and Food Limited. We are based in Rivers State and have been farming Plantain for the past 5 years. So our views on Plantain farming are not based on hear Say but on practical experiences over time.
I will take time to explain Plantain farming in this article and how profitable plantain farming is. Mentioning Plantain in this article covers both Plantain and Banana farming.
WHAT IS PLANTAIN FARMING?

Plantain farming is simply the growing of Plantain for commercial or consumption purpose.
For the sake of this article, we shall be focusing on the commercial purpose of farming plantain.

WHO CAN FARM PLANTAIN
Anybody that has land in an environment with the right climatic conditions can farm Plantain. Plantain does not perform well in very hot environment.
The soil condition can always be improved upon by the right application of soil additives.

IS THERE MARKET FOR PLANTAIN?
The demand for plantain is very massive and growing on a year to year basis.
In Nigeria, the population currently stands at a little over 200million persons. And daily, 20,000 children are born (according to UNICEF). This ever-increasing population require food as one of their basic survival needs. Hence, the high and ever-increasing demand for food of which Plantain is one of them.
Secondly, the population of diabetics in Nigeria is on the increase. According to WHO in 2015, the population of diabetics is about 3% and the value is increasing yearly by 0.3%. Globally the problem is very prevalent and Plantain has been identified as one of the best food for diabetics due to its low Glycemic index. The misconception that Wheat was healthy for diabetics was a major health disaster but with the recent discovery that wheat is not healthy but plantain is, has further increased the demand for plantain and pushed up the market value.
Between late March and August every year, the demand usually soars and price most times doubles due to scarcity. This is a constant and smart farmers usually pounce on this intelligence to rake in money. People come from far and near this period (March – August) looking for Plantain.

WHY SHOULD YOU FARM PLANTAIN
1. Easy to Manage
Plantain is very easy to manage. It does not require too much of your time. A full time worker, Business man, Pastor, Iman or whatever endeavor you are into, can do plantain farming without involving so much of your time.
2. You Plant Once
You only need to plant plantain once. After that, it is continuous harvest from year to year as the Plantain tree will keep producing suckers to replace the outgoing generation. You can also generate a lot of revenue from the suckers.
3. Ready Market
The huge demand for plantain makes the selling of your produce easy. In Rivers State, Bole women and some other market women come into the farms looking for plantain fruits to purchase.

TRAPS TO AVOID

In setting up your plantain farm, avoid the following traps
1. Inadequate Knowledge
If you lack the needed knowledge on how to care for your plantain farm, get a mentor to guide you. A mentor is someone that is farming Plantain successfully. Not someone that claims to be farming plantain but is just an internet farmer. We have a detailed manual for plantain farm management.
2. The Wrong Species
In my experience, a lot of unsuspecting intending farmers fall prey to big name species but end up buying local and non-performing species from internet farmers. These people parade all manner of pictures of plantain but don’t own farms. Be very careful so you don’t fall victim. We have the Cameroun Specie called Ebak Ebanga, Mboroukou3, Batard and the Nigerian specie called Giant Elephant.
3. The Wrong Climate
One very critical factor to the success of your plantain farm is the right climate. If your land is in very hot areas with little rainfall, then a lot of effort must be put in to make your plantain farming business a success.
FEASIBILITY STUDY ON PLANTAIN FARMING
This study is updated because certain factors have changed due to changes in some economic indices like inflation.
This study is on one acre of land. Which is 6 plots of 100ft x 50ft size.
SET UP COST
For the sake of this study I will not consider the cost of acquiring land and preparing the land because it varies from location to location.
The following are the cost to consider
a). Cost of buying suckers: The cost is #150 per sucker for treated and high performing species. One acre will accommodate 800 suckers at a spacing of 2m x 2m.
Cost of suckers = #150 x 800 = #120,000
b). Cost of Pegging and Planting: This cost is avoidable if you and your family members can handle. You can also hire professionals to do it applying the best practices. For the sake of this article, we will peg it at #100.
Cost of pegging and planting = #100 x 800 = #80,000
c). Logistics cost: This depends on the distance from where you are getting your suckers to where you are planting. For the sake of this report, we say #25,000
d). Manure cost: In order the quicken the growth process, a little bit of manure is needed. Poultry manure can serve perfectly. A bag is sold for #300. You will need 10 bags to plant 800 suckers.
Cost = #300 x 800 = #3,000.
Total Setup Cost = #120,000 + #80,000 + #25,000 + #3,000 = #228,000
If you plant the right specie that is properly treated against Nematode and fungi attack. Specie that is drought resistant, then you will not have any mortality. All will grow very well and in 8 months, they will start fruiting and harvest will be in the 10th month after planting.

MAINTENANCE COST
HERBICIDE
The cost of maintaining plantain farm is minimal. Basically, you manure, prune and weed.
As soon as the plantain reaches 1m in height, you start using herbicides. This will reduce your maintenance cost without any negative effect on the plants.
During the peak of the rainy season, you apply the herbicide more often. For one acre, you will need 3 bottles to properly tackle the weed per time. Application will be done like 5 times in one year. That is a total of 15 bottles.
A bottle of the herbicide is sold for #1,500 depending on your location and the product.
Cost of Herbicides = #1500 x 15 = #22,500
The spraying of the herbicide can be done by you so as to minimize cost.
MANURE
Plantain are very high consumers of nutrient. It is advisable to provide manure to the plants regularly to support their growth. You can either use organic manure or apply fertilizer.
Pig manure or cow dung are heavy and last longer while poultry manure act faster but doesn’t last long. Care must be taken in the application as wrong application can kill the plants. (manure application techniques are explained in our plantain farm management manual).
Using Pig manure, you can get 100 bags to cover one acre. Each bag is sold for #200.
Cost of manure = #200 x 100 = #20,000
This can be done by you and your family members.
Total Maintenance Cost = Herbicide cost + Manure Cost = #22,500 + #20,000 = #42,500
Total Setup and Maintenance Cost = #228,000 + #42,500 = #270,500

REVENUE/RETURNS
The returns from plantain are in two folds if you properly take care of your farm. You will get a lot of suckers and hefty plantain bunches.
1. Returns from Suckers
Each plantain tree can produce as much as 15 suckers. You can decide to sell 12 from each tree which means you will have 9,600 (12 x 800) suckers available for sale.
If you sell each for #150, then the return from suckers = #150 x 9,600 = # 1,440,000.00
2. Returns from Plantain fruits
The plantain bunches from good species that are properly taken care of are hefty. The minimum price irrespective of the season is #1,500.
The return therefore = #1500 x 800 = #1,200,000.00

The projected total returns in one cycle = #1,440,000 + #1,200,000 = #2,640,000.00
Profit = #2,640,000 - #270,500 = #2,369,500.00

So, for those asking if Plantain farming is profitable, my answer is yes and you can see that with this study. Again, you can become a millionaire farming plantain as you can also see from the analysis. But the point still remains that you must maintain your farm appropriately.
Plantain farming is like fine wine. It gets better with time. The second generation profit will double the first generation profit meanwhile you wont have to spend on buying suckers and planting anymore unless you are expanding.

Below are some projects we have done that are doing well.
We can supply you very viable plantain suckers of exotic species and we are available to guide you reap bountifully from your plantain farm investment.
We also give out our manual free (valued at #20,000) that covers all the information you need to effectively manage your plantain farm when you buy suckers from us. Should you also need buyers, we can get you connected to bulk buyers for your plantain fruits.
Kindly visit www.facebook.com/bernoullifarmsnfood to see our jobs and other things we do. You can contact 08138286066 (Calls) or 08186005285 (Whatsapp) or 08087500382 (Whatsapp) for plantain/banana suckers supply, farm setup, farm management and consultancy.
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Ahahah ����

You're a cheap liar.
Frist of all, planting plantian at 2m by 2m is dangerous for watermelon talk more of plantians. Plantians should be 3m by 3m cause of wind and maintenance.

You said Plantian would give 14 side shoots in a year?? wow, your land must be the garden of Eden, plantian hardly give 4, 2 is common, sometimes 3.
You also stated you'll sell # 1,440,000.00 worth of suckers in 1 year, 6 figures from only suckers, your manager must be Angel Michael.

You claim a bunch of your 'heavenly Plantian " is #1500 per bunch irrespective of the season which m
proved you're worst than a farmer, infact I doubt you've been to the farm in your entire existence.

Do you mean I would make a mind blowing, feet tripping #2,369,500.00 profit from an investment of 300k on an acre of Plantian? Mohamed on a Scooter, unbelievable!!!
Let's imagine I'm hit by the worst and the figure drops by 300k, that makes it 2m, and i invested in 10 acres, that means I'll be making a steady sum of 20m every year.
wow, you must have a degree in lying and another degree in stupidity.

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