₦airaland Forum

Good day to you all...
I've been pounding on this for a while now but I've not been able to arrive at a result. Looking at the rate at which cassava is being planted this year, and the rate at which money is being spent on farming, the labour involved and the risk taking. It is 70% possible that the price of cassava may drop drastically by next year. Now my concern is, will the expected profit be as much as we're expecting? If no, how do we mange it to get the required profit?

AgroParadise:
Good day to you all...
I've been pounding on this for a while now but I've not been able to arrive at a result. Looking at the rate at which cassava is being planted this year, and the rate at which money is being spent on farming, the labour involved and the risk taking. It is 70% possible that the price of cassava may drop drastically by next year. Now my concern is, will the expected profit be as much as we're expecting? If no, how do we mange it to get the required profit?

The prices of agricultural products especially food crops has never been known to be stable. It fluctuates as the demand and supply condition changes. I will advice you do your calculation properly for there's no way the price of cassava being a major food crop in Nigeria is going to fall drastically at least for the next two years