AgriMax:
Profit Analysis for ofada rice cultivation on an acre of farm based on my personal experience
Cost of production
Land clearing plus chemical spraying to control weeds #14,000
Ploughing and land turning #13,000
Rice herbicide (2 application) #11,000
2bags of Urea fertilizer #15,000
Cost of buying seed (25kg) #16,000
2persons for bird chasing per month #40,000
Total cost for harvesting rice #30,000
Rice thresshing #7,500
Miscellaneous #15,000
Total cost of productin = #161,500
Yield per acre is 1.6tons or 1600kg
Expected money from sales #799,000
Gross Profit = Sales - Total cost
Gross Profit = #799, 000 - 161500 = #637, 500.
Pls note : these prices are what I personally experience and this is uptainable in my locality. Also note that from the above profit, cost of transportation has not been removed. AgriMax:
For anybody who is interested in farming and wants to invest on agribusiness and he or she is a novice as far as agriculture is concern, that person should feel free to talk to me on this thread and I shall gardly advice such person on how to be rich in just 4months after cultivating ofada rice or even other types of rice.
The only difference in ofada rice cultivation and non-ofada rice type is the fact that ofada rice command higher price compare to the common or conventional rice in the market, maybe because of it health benefit and aroma. However, ofada rice produces less than the foreign or conventional rice. From my experience, ofada rice when cultivated under lowland condition, it can produce between 3-4tons per hectare while foreign rice can give you up to 12tons per hectare if well managed. I am interested in this business. Can i meet you please? |
Agriculture › Re: Ofada Rice Is Profitable by dabims2018: 3:56pm On Jun 22, 2019
