Are you interested in starting an oil palm plantation and need some advice on how to do it? You need Sample Oil Palm Plantation Business Plan Template or Feasibility Study ? So I advise you to read.
LOOK !!! The agricultural industry is currently undergoing a revolution not only in Nigeria but around the world. Food is a vital necessity and world governments cannot afford food shortages as it could lead to a crisis. If there is a better time to start a business in agriculture, now is the time.
Do you have undeveloped land in a remote area or have you inherited land that you know you won’t develop? in the next ten years? Now is the best time to turn this land into a profitable asset.
Why you should start a palm oil plantation today
The oil palm is one of the healthiest trees ever known, and every part of the tree – from its fruit to its leaves and trunk to its sap – is used for one or the other. While the fruits are processed into palm oil and palm oil, the leaves ( leaves ) are used to cover houses in rural areas and camps, as well as for juice ( palm wine ) is a refreshing drink consumed in many parts of Africa.
Palm oil is red in color and is used for cooking in many countries. It is also used in making soaps and cosmetics, as is palm oil, which is made from the same fruit.
If you live in a country like Nigeria, Ghana, etc .; where red palm oil is in great demand nationally and in industry, you can make huge profits by operating oil palm plantations. Read on to find out what you need to know and do to start an oil palm plantation.
Start a business plan template for palm oil plantation
Planting oil palms simply includes cultivating oil palms. At harvest time, you will sell your palm fruits to producers who will process them to produce red palm oil. After harvesting and selling, you wait until the next harvest season to start selling again. It can go on for decades, which means that oil palm plantations can generate huge income for you over the next few years.
What are the conditions for starting an oil palm plantation?
Although it doesn’t seem like such a business, because of the tag planting … But the truth is, oil palm plantations are a business and you have to treat it as such. This means that its start-up requires the same inputs as other businesses, namely land, labor and capital. We will now discuss each of these factors.
Since you are starting an oil palm plantation, you will definitely need a lot of land. It can range from a few plots to acres of land, depending on what you can get.
The first important factor to consider when purchasing land for your oil palm plantation is soil. Is it fertile? Is it suitable for growing oil palms ? If in doubt about the quality of the soil, consult an expert. This is very important for obvious reasons.
Also, since your land will be your production plant, so to speak, it should be located where buyers can easily appreciate it. Although you can easily find land with good soils for growing from palm to palm. oil, you should choose one that is motorized. because most of your buyers will be using large vehicles to transport the oil palm from the farm to the processing area.
After purchasing land, you will need to prepare it well for planting. It is strongly recommended to use tractors to chop and loosen the soil and remove hard roots for the sowing of palm trees.
While you don’t need to hire permanent staff, you will need to hire people to help you every step of the way of starting your oil palm plantation. For example, you will need to hire workers or a tractor driver to clear the area. You will also need to hire workers for the planting. And whenever you need to harvest, you will need to hire workers to do the job for you.
It refers to the money required to start a business. This includes the cost of acquiring the land – by buying or renting, the cost of hiring workers, the cost of running the farm, and the cost of buying the seedlings you start with.
Steps involved …
After discussing the requirements for starting an oil palm plantation, we now take a look at the steps for starting an oil palm plantation.
- Buy some land and prepare it for planting.
- Buy the seedlings you will plant. Although you have the option of growing the seeds yourself, it is very time consuming and you can get low yielding seedlings. Seedlings are sold for N150 in Nigeria (around $ 1). You will need at least 1000 plants for a medium sized planting.
- Plant the seedling on the already prepared soil. Make sure there is enough space between the plants. Without sufficient distance, the roots will interfere with each other, resulting in limited growth and low yields. The best distance between two plants is 8-9 meters.
- Water the farm and fertilize the plants periodically. This interval depends on the quality of the soil and the speed at which weeds grow around the plants. To do this, you need to get a recommendation from an expert.
How long does it take to start harvesting?
Your first harvest will take place about two years after planting the seedlings. So, if you have capital and other needs, now is the perfect time to invest in your future by starting an oil palm plantation.