₦airaland Forum

For Retirees Only: Starting An N11 Million A Year Orchard With N40,000 and Only One Hectare

- Ibraheem Dooba

(Here’s how to earn more than 10 million yearly from your orchard with as little as N40,000. And you only need one hectare.)

At the end of last year, when I consulted for a former head of service (HoS) on the management of his farm, I thought every retiree should do the same for financial security - planting a tree that’s never enough for global consumption.

- Get one hectare of land.

- Plant Brazilian cashews because they have huge nuts. That’s what we’re interested in, the nuts.

-The tree is very tolerant of drought and can survive a 2-5 month dry season (Duke, 1983). Usually, one rainy season is enough.

- It will start flowering in a year and get established in three years.

- The spacing should be between 6 to 8 meters between trees. That means you should plant 165 to 175 cashew seedlings on one hectare. But just go for a round figure of 200.

- A cashew seedling costs from N200 to N1,000. So that’s between N40,000 to N200,000 investment per hectare.

In three years, your one hectare will give you one ton of cashew nuts. Using the current market price, that’s N3 million for your one hectare.

- Just contact the National Cashew Association officials in your state, and they will buy from you or connect you to buyers.

But if the cashew plantation will take up to three years to give you money, what can you plant between the cashews that will earn you money within a year?

- Plant papaya.

- Each papaya tree will earn you N30,000. Since you can plant up to two papayas between cashew trees, you will be tempted to plant a lot, but limit it to 200.

- So, from 200 papayas, you will earn N6 million yearly.

- Papaya should take only seven months before you literally start enjoying the fruits of your labour.

But is there a plant that you can benefit from monthly, even before the papayas mature?

- Yes. But that’s for another day. Stay with this page for an update.

P.S. Plant the trees in straight rows because we need the spaces between rows to plant other crops that will give you daily or at least weekly income.

Very interesting business idea. But this shouldn’t be for the retirees alone 😁
It’s equally a promising venture for our teeming youngsters and women. Agroforestry is a decent poverty alleviation mechanism. I challenge us to put more efforts in shaping the mindset of our people. It means a lot.

Good attempt. The cost of acquiring the land, land preparation, maintenance and security must also be factored in.

Mrsoft3:
For Retirees Only: Starting An N11 Million A Year Orchard With N40,000 and Only One Hectare

- Ibraheem Dooba

(Here’s how to earn more than 10 million yearly from your orchard with as little as N40,000. And you only need one hectare.)

At the end of last year, when I consulted for a former head of service (HoS) on the management of his farm, I thought every retiree should do the same for financial security - planting a tree that’s never enough for global consumption.

- Get one hectare of land.

- Plant Brazilian cashews because they have huge nuts. That’s what we’re interested in, the nuts.

-The tree is very tolerant of drought and can survive a 2-5 month dry season (Duke, 1983). Usually, one rainy season is enough.

- It will start flowering in a year and get established in three years.

- The spacing should be between 6 to 8 meters between trees. That means you should plant 165 to 175 cashew seedlings on one hectare. But just go for a round figure of 200.

- A cashew seedling costs from N200 to N1,000. So that’s between N40,000 to N200,000 investment per hectare.

In three years, your one hectare will give you one ton of cashew nuts. Using the current market price, that’s N3 million for your one hectare.

- Just contact the National Cashew Association officials in your state, and they will buy from you or connect you to buyers.

But if the cashew plantation will take up to three years to give you money, what can you plant between the cashews that will earn you money within a year?

- Plant papaya.

- Each papaya tree will earn you N30,000. Since you can plant up to two papayas between cashew trees, you will be tempted to plant a lot, but limit it to 200.

- So, from 200 papayas, you will earn N6 million yearly.

- Papaya should take only seven months before you literally start enjoying the fruits of your labour.

But is there a plant that you can benefit from monthly, even before the papayas mature?

- Yes. But that’s for another day. Stay with this page for an update.

P.S. Plant the trees in straight rows because we need the spaces between rows to plant other crops that will give you daily or at least weekly income.

Very interesting business idea. But this shouldn’t be for the retirees alone 😁
It’s equally a promising venture for our teeming youngsters and women. Agroforestry is a decent poverty alleviation mechanism. I challenge us to put more efforts in shaping the mindset of our people. It means a lot.

Nice writeup. But I doubt some of the things you wrote. I don't think cashew can flower in 1 year after planting unless it is grafted cashew plants.
But if it is grafted cashew plants, then it will be difficult to get it at 200 naira per plant.

Moreover at the early stage of the life of the plantation, the yield is normally very low until the plant grows big enough to support heavier production, so I don't think you can get 1 ton of cashew nuts in the 3rd year. Maybe later in the life of the plantation.

Anyway it is still a good writeup and establishment of tree crops is a good way to ensure future financial stability.

Is there large market for pawpaw? Inter cropping pawpaw with trees can easily lead to production of large quantities of pawpaw and if the market is not there, then the farmers will lose.

I am interested in the other crop you hinted that can generate monthly revenue from the plantation. What crop is that?