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Step By Step Guide Into Cashew Farming Business In Nigeria - Agriculture - Nairaland

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Step By Step Guide Into Cashew Farming Business In Nigeria by Teechawa: 4:43pm On Dec 22, 2021
PREPARE THE LAND
Purchase a piece of land; I would not recommend leasing because it is a long-term investment. So acquire a piece of land in the hamlet and secure it with the proper paperwork. The ideal soil to utilize is laterite-rich sand. Cut down shrubs and trees as well as grasses. Machines are used to plough and level the soil. If the nutrition level is low, combine the sand with animal feces, but first test the soil to determine its nutrient content. Cashews may be grown in both wet and dry tropics.

FERTILIZATION
Fertilize with nitrogen, phosphorus, and zinc. Cashew crops require nutrients at all stages of development in order to grow quickly and produce high-quality fruits. Fertilize them during the growing stage, as well as during the fruiting and flowering stages. Once a year, apply 15kg of farmyard manure to a mature cashew tree.

IRRIGATION
Irrigate your cashew farm during the dry season or when there is a draught during the wet season. Water your plants adequately and on a regular basis if you want them to produce more fruits. Water the plants sparingly during the rainy season, but irrigate them once a week or twice a week during the dry season. In cashew farming, a temperature of 25C-30C is ideal for optimum growth. Every day, 6 hours of direct sunlight are required. If you grow them in the shade, they will not produce fruit.

WHY SHOULD YOU BEGIN CASHEW FARMING?
It is a long-term investment with a potential return of more than 50 years. The best product of cashew farming is the cashew nut. However, you can make more money by processing the apple into fruit juice. The nuts are in high demand, and the price doubles every year, making it a very profitable business. Because the bulk of those who deal with cashew nuts are exporters, the price is usually established in dollars.
The cashew season lasts 3 to 4 months. You choose money for four months out of the year. That's what cashew farming is all about!

MARKETING
Find companies that buy them for export; most of them are situated in Lagos. In Nigeria, Indian cashew firms have a strong presence. You can also sell directly to international buyers. Open a dialogue with any of them who piques your curiosity and strike a contract.
You can market it online for distributors and suppliers to come and buy from you if you don't want to go through all of this. But it's in the processing that the real money is made. The raw cashew nut sells for a fraction of the price of the processed kernel.
The Jumbo hybrid, for example, is a hybrid cashew nut that matures and produces fruits in three years. For example, #350 is the seedling of a cashew plant. Jumbo, Medium, and Small seedlings have been improved.

HOW MUCH DOES IT COST TO START A CASHEW BUSINESS?
In the community, land costs between $100,000 and $150,000 per hectare.
A survey of N100,000 to N300,000 people was conducted (Can be more due to inflation)
N 150, 000 to N250,000 for clearing, plowing, and scouring
350 x 100 = N 35,000 seedlings (Can be more due to inflation)
Others N 350,000 (may be more due to inflation) Planting N 10,000 (could be more due to inflation) (Can be more due to inflation)
As of the time of writing, these figures are approximations. To find out what the current prices are, you must conduct an impartial survey and investigation. You can also post a comment below to let other readers know what they think about the current prices.
Let's get started right now.
Let's get started.
Lets go.


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