In this article, the total cost of starting a cassava farm business in Nigeria in 2021, has been explained with the total amount needed from the start to the harvest.
Cassava production business in Nigeria is highly profitable and it will continue to gain more advantage over many other kinds of farming in Nigeria because of it demand.
On this page, the amount needed and the total cost for cassava production farming in Nigeria in 2021 and the amount need from the buying of the farmland to the processing of the products for sales have been analyzed intensively.
How much will it Cost of Start a Large Cassava Farm in Nigeria?
Large scale cassava farming in Nigeria will need up to 30 to 100 Acres of a very fertile farmland in a very good location that is accessible.
As such, a farmer will need between Five Hundred Thousand (N500,000) to One Million Naira (N1,000,000) to start a large scale cassava farming business in Nigeria in 2021.
A small scale cassava production business in Nigeria will cost between Two Hundred Thousand (N200,000) to Five Hundred Thousand Naira (N500,000) to start.
- The cost of starting a bread bakery business
- Cost of starting a cosmetic business
- Total cost of starting a Goat farm
- Analysed cost of starting a snail farm in Nigeria
The above cost will mostly suit a farmer that has gotten a farmland already. As such, the cost started above in some cases, may not include the cost of buying or hiring a farmland.
Cost Analysis for Starting Cassava Production in Nigeria
Below is the detailed explanation and the breakdown cost analysis for starting a cassava production farm in Nigeria in 2021 for new farmers;
The following are the major requirements needed to start a cassava production business in Nigeria and their cost analysis
- Farmland cost
- Preparing the land cost
- Payment for Labour cost
- Cassava Stem cost
- Harvesting cost
- Processing cost
Farmland cost: Generally, a good and large scale cassava farm will need up to 30 to 100 Acres of land. 30 to 100 Acres of land in Nigeria may cost up to Three Hundred Thousand Naira (N300,000) for leasing in localities.
Preparing the farmland cost: The preparation of the farm land for farming includes clearing, uprooting unwanted plants, tiling, making ridges and so on. The total cost of preparing the farmland may cost up to Hundred Thousand Naira (N100,000).
Cost for Labour: The labour includes the payment for the preparation of the farmland and other activities till harvest. The cost for Labour can be estimated at Two Hundred Thousand Naira (N200,000)
Cassava Stem cost: The cost of cassava stem will depend on the species the farmer wishes to buy. Approximately, the cost of getting a good specie of cassava stem will not be more than Fifty Thousand Naira (N50,000)
Harvesting cost: The cost of harvesting the cassava depends on the number of labourers that are hired. The cost of harvesting can be approximately left at Thirty Thousand Naira (N30,000) or can be totally ignored.
Processing cost: Processing your cassava into finish and consumable product is the last stage of the cassava production.
The approximate cost of processing cassava into finish or consumable product will not be more than twenty thousand Naira (N20,000) for those who have the required equipment and machines.
Total Cost of Running a cassava Farm: If we should add up all the cost analysis shown above, then we will likely arrive at N300,000 + N100,000 + N200,000 + N50,000 + N30,000 + N20,000 = N700,000.
From the above calculation, we can estimated that starting and running a large scale and successful cassava farm/cassava production business in Nigeria will cost between N500,000 N1,000,000.
How to Start a Cassava Farm in Nigeria
The easiest way to start cassava production business in Nigeria is to start with any available farmland. You mustn’t wait to have up to 30 or 100 Acres of farmland before starting.
One of the most important factors to be conscious of when getting a farmland for cassava farming should be the level of fertility of the farmland.
After getting a farmland, the next step will include, clearing the farmland, sweeping, tilling, making ridges and then planting.
Meanwhile, after the planting, another process to undergo will be weeding of unwanted plants (grasses) and fertilizing the cassavas with organic manure and supplements.
Finally, we totally believe that this article has given you a better insight to the total cost of starting a cassava farm business in Nigeria in 2021?
Feel free to share your thoughts, suggestions and questions in the comment section via the comment box shown below to get more clarification.