POTENTIAL OF OIL PALM FARMING AND ITS FINANCIAL IMPLICATION /ACRE


Growing oil palm tree could be one of the best investment and retirement plan for you now that you are actively working or still in service .The main focus is that by the time you are due for retirement the oil palm tree plantation will be mature to become productive within 3 to 4 years after farm establishment.Oil palm tree is more productive in the entire Southern states of Nigeria and they also perform well in the North central part of Nigeria .Oil palm tree product such as palm oil has one of the highest demand locally and internationally and if done on large scale it has the potential to earn the country foreign exchange and increase Nigeria's GDP on the macro economy level  .



If you are a civil servant ,business owner and even a student , oil palm farming is one of the lucrative agro investment with low risk factor you can put your money into .it is a long term project that creates generational wealth however it is never a get rich quick farming scheme .the cost of setting up and oil palm farm is reduced if one owns a farmland in the village or one as already bought the farmland before the project is conceived .


Since the discovery of crude oil in Nigeria the cultivation of oil palm tree as decline tremendously and so badly that Nigeria as become a mono-economy nation and with the current economic challenges that bedevilled this nation which cause decline in the value of naira it is high time we should go back to the cultivation of this cash crop as a means to diversity the economy of this nation and earn forex .As a private business owner,civil servant and cooperate organisation there is no better time to own an oil palm plantation than now .


HOW MUCH DOES IT COST TO ESTABLISH AN ACRE OF OIL PALM PLANTATION PER ACRE .COST PER ACRE CHANGES IN DIFFERENT FARM LOCATION DEPENDING ON AVAILABILITY OF LABOUR



🌵YEAR 1
Land purchase 200k
Clearing and cutting of trees 30k
Seedlings 500 nairax 70=35k
Mapping out and Transplanting 25k
Urea fertiliser 20k
Application of fertiliser and ring weeding 25k
First weeding 15k
Second weeding 15k
Third weeding 15k

🌵YEAR 2
Application of fertiliser and ring weeding 25k
1st,2nd and 3rd weeding 45k
YEAR 3
🌵Application of fertiliser and ring weeding 25k
1st,2nd and 3rd weeding 45k

🌵 Cost of processing fresh fruits bunches FFB into palm oil could cost as high as 50k


Total cost 570k

570k which include land purchase ,farm set up and farm mentainance for the next 3 years .

PROJECTED REVENUE IN YEAR 3-4

An acre oil palm tree is capable of yielding between 400 to 600 litres of palm oil .However yield is determined by several factors such as farm management and geographical location interms of weather and rainfall .hence the farmer should lower his yield expectation during the first year harvest to 400 litres .
400lit x 1000 naira per litre
=400,000

Sales of palm kernel valued at 50k

Hence,projected first year revenue which is not constant is 450,000 naira .As the oil palm tree continue to increase in size it produces more bunches which yield more oil and increases the farmers annual revenue .


OUR SERVICES INCLUDE
🌵sales of hybrid oil palm seedlings
🌵Farm set up
🌵Sales of farmland
🌵Consultation services

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Great topic , I will like to know a little more about it .

First in time of lands, what type of land is good for the palm trees

Secondly , how do we secure the area from invaders

Thirdly . What state are you from ? And do your state or area have lands that are available for these . Thanks

The oil palm tree will do well in sandy loamy soil .if you can support it with manure it will help the plant to be more productive .

It is very hard to steal from an oil palm tree however you should provide some level of security against theft .


I am from kwara state .There are farmlands available to cultivate oil palm trees in my region