₦airaland Forum

Fcwilly:
Both are very viable ventures, but I will advise you in addition to both of them, try plant cocoa in-between them, it's a very good idea, cocoa don't like too much son, so the palm and coconut tree will provide a perfect shade for the cocoa tree. Mind you cocoa after 3 years start giving you money same as the palm tree depending on the species you plant.
fcwilly@yahoo.com
For further information.

Fcwilly:
Both are very viable ventures, but I will advise you in addition to both of them, try plant cocoa in-between them, it's a very good idea, cocoa don't like too much son, so the palm and coconut tree will provide a perfect shade for the cocoa tree. Mind you cocoa after 3 years start giving you money same as the palm tree depending on the species you plant.
fcwilly@yahoo.com
For further information.

brain54:
They are governments that run successful businesses...
And they is absolutely nothing wrong with that.
You can't keep depending on and keep running the same old wives tales. The world is evolving it's best to change old narratives and evolve with time!

ultraviolet27:
Teak plants even yield more quickly than cocoa and coconut plant,it's more viable,and can be harvested forever it never declines you see cocoa before it matures,start flowering,and even after fruiting fulani bandit/herdsmen can set their cattles to the farm it(cocoa)is grown once they devour the trees and even with the cocoa pods the rest they set fire on it(that's their modus operandi in ipoti,ikoro,Ijero,epe axis of ekiti here)and the cocoa will never grow again until you replant it.But you see teak it's then it will even grow robustly the more it's like fire or ashes is a fertilizer to it.

mir is no boom in price again it will be a wasted efforts

I am just giving a piece of my advice the op should do what will suit and work best for him though!

Sageez:
I plan getting a land next year to set up either Oil palm plantation or coconut plantation.

Please farmers in the house and those experienced in this, which is more profitable?





Image from Google

omikel:
Just like the above 👆
Oil palm all the way.
But ensure you do your will immediately after or even before setting up this o, e get why.

SixSeven:
You did not do your research so I will ignore you. Hopefully the OP will read and see the derivatives of oil palm business. It's massive. Educate yourself and it will cure any ignorance. Miseducate yourself and you will continue to wallow in ignorance. Half knowledge is worse than no knowledge.

The Internet is free and there is an abundance of information out there, it is the willingness to learn that is missing. Sit this out please. Thank you.

Zocalite:
you should show how the British destroy nigeria palmoil
You are posting screenshot of what

SmartPolician:
Next time, google PPP and NLNG.

Gosh! This country has too many dunb people!

ultraviolet27:
Teak plants even yield more quickly than cocoa and coconut plant,it's more viable,and can be harvested forever it never declines you see cocoa before it matures,start flowering,and even after fruiting fulani bandit/herdsmen can set their cattles to the farm it(cocoa)is grown once they devour the trees and even with the cocoa pods the rest they set fire on it(that's their modus operandi in ipoti,ikoro,Ijero,epe axis of ekiti here)and the cocoa will never grow again until you replant it.But you see teak it's then it will even grow robustly the more it's like fire or ashes is a fertilizer to it.

moreover this cocoa it was only beneficial to those who had already had the trees for years and it was already fruiting before because the surge in price is seasonal I have an uncle and also a neighbour who his great grandparents (the latter)had a cocoa farm and also buys and sells It what it was sold for last year is not what it's sold for now a module was up to 13k - 13,500k last year but now this same module hardly can you sell it for 4k so it was only upper and last year it boomed in price now assuming someone wants to now use that as a comparison to start planting a cocoa tree which even takes longer to grow and fruits then their is no probability it may not even survive because of the useless fulani marauders and even if it does and their is no boom in price again it will be a wasted efforts

I am just giving a piece of my advice the op should do what will suit and work best for him though!

SixSeven:
Go and do your research. Stop being lazy.

You are asking someone who has done research on a topic to feed you like a child. God forbid.

impeccablephili:
Please go for coconut plantation, oil palm is not that profitable except you want to go into it full time which is stressful and time consuming.
If you want to give to people to manage you will be cheated. I'm talking based on experience.

But coconut does not need much maintenance it is easy to harvest you can in fact do it yourself. profit per coconut tree is higher than that of oil palm. For example a coconut fruit goes for nothing less than 1000 naira in markets depending on your location.

And a coconut tree can give you between 150 to 200 fruits per annum after seventh year, coconut will start fruiting earlier than that, but you will not get large amount.

Now assuming you get 150 fruits per tree and you have a thousand of coconut trees. If you sell 500 naira farm price you get 75m naira.

If you want to make a higher profit process it to coconut oil, search for the price of a litre of coconut oil on Jumia, and you can extract the oil yourself, since the process is easy.

When we talk about market there is more market for coconut than that of palm oil, there are several thousands of white garment churches that are using coconut every Sunday. Like wise traditional worshipers, so it's price never goes down since many people don't go into it unlike palm tree where sometimes the price dip as a result of its glut.

In fact people used to store it for several months for the price to go up. I saw people talking about palm wine, it shows clearly that they know nothing about what we are discussing, once you tap palm wine on a palm tree, the tree is as good as dead, because it will take several years to fruit again.

Dancebreaker:
Oil palm, Sir.

Look around if you can get Super Gene breed. It's short, starts fruiting earlier and yield is high.

Even the regular Tenera is still good.

But if your land size is massive and you have the funding, you can try a couple of acres of coconut alongside oil palm.

mikeapollo:
Please can you give more clarity?
I had a cousin who went into Coconut farming, but he died just when the coconut trees were starting to bear fruits

thomas2024:
Dear Sir, for a start, like how many acres do you think will be sustainable to start with when it comes to oil palm and coconut?

Zocalite:
Coconut is everywhere so cele people don't really need to be running around for it, moreover cele use variety of different fruit too

But peeling of coconut is hectic too and nobody will buy coconut from farmer per one

Processing to get coconut oil no be small thing too

This agric big size coconut is not sweet

In all ati coconut ati palm oil all na investment crop

Sageez:
I plan getting a land next year to set up either Oil palm plantation or coconut plantation.

Please farmers in the house and those experienced in this, which is more profitable?


Image from Google

impeccablephili:
Are you a farmer?

Zocalite:
Yes!!

omikel:
You're very myopic and shallow in thinking.
Apart from consumption, what of industrial use? How about exportation abroad to countries with little or no pal oil produce.
Pele

impeccablephili:
The op asked for the one to go for, and I told him the one I believe it's good, but you ended up confusing him the more by saying the two are both investments. Yes they both are investments but he wants to pick one.

If you are a farmer and you know about palm tree especially palm oil production you won't compare the process of making palm oil to coconut oil.

Palm fruits are difficult to harvest as you will need a professional to do the harvest. But coconut can be harvested easily. You can't compare difficulty in peeling the coconut to removing palm fruits from the bunch.

The process of producing coconut oil is very easy you just grind the coconut, extract it's juice and boil until the water evaporates and you get your oil. But that cannot be said about palm oil.

And the market as well, I don't know where you are but in my city even if they buy coconut in bulk, you will still sell at the price I listed above. And selling raw coconut is a waste of resources check the price of 1 litre of coconut oil and compare it with 20litres of palm oil.

And did you just say that white garments churches and traditionalist will substitute coconut with other fruits? Oga you know nothing about what I discussed do your findings and you will change your mind about coconut farming. btw I am a farmer and a business man I do my research well before I reach conclusion.

fabolouz1:
coconut itself is a money spinner .

tctrills:
Most of the answers you are getting here are more like chatgpt answers and not practical.

Compare the average yield for a coconut tree to a palm oil tree.

Then compare the cost of a bunch of palmnuts to coconuts. Remember to do this at wholesale price, there you have your answer.