Cassava is another very prospective agricultural product to invest on, every entrepreneur must consider this powerful agricultural product as it is very much bound to push lots of millions to your bank account once you go into the business. This reminds me about a guy some years ago finished schooling in the university and then he searched for a job and he could not get one then this boy decided to be self employed and that was when he got a land and he cleared the land and he planted paw-paw and now he is one of the biggest suppliers of paw-paw products in Nigeria as a whole. Below are some advantages of growing cassava;
1) It grows very fast most especially the genetically modified ones that are getting rampant today all over the country.
2) It’s climatic requirements are very much minimal and so you don’t need to fret yourself over that.
3) It is very productive in the sense that it has a high yield.
4) It’s various applications have been widely discovered and so as such to find its market is not very difficult.
5) Securing of contracts on the business is not very difficult to do as a result of it’s wild applications in various areas.
Now looking at the few advantages of the crop you can see that this agricultural produce has very high business prospects and so you are bound to make it when you go into it. Now below are some of the products gotten from it;
1) Flour.
2) Plastics.
3) Leather tanning.
4) Garri.
5) Akpu.
6) Custard.
7) Baby foods.
8) Sauces.
9) Gravies.
10) Making of drugs.
11) Sausages.
12) Bio fuels which are getting more and more rampant in the country and the world.
13) Biscuit making.
14) Gums.
15) Pastes.
16) Jellybeans.
17) Jam.
18) Monosodium glutamate (MSG)
19) Caramel.
20) Glucose.
21) Dextrose.
22) Animal feed.
23) Natural adhesive.
24) Glue.
25) Dextrins.
26) Paper.
27) Machine-coating of magazine paper.
28) Warp sizing.
29) Cloth finishing.
30) Printing.
31) Felt manufacturing.
32) Alcohol.
33) Ethanol.
34) Dried Yeast.
Now you can see from above that this product is a very wonderful product, infact I know that about 70% of everyone reading this my article didn’t know that some of the above products came from cassava. Infact there are many other applications of cassava which is not listed above. Even the root and leaves are used for making herbal medicines.so therefore every entrepreneur should consider this agricultural product and invest in it and begin smiling to the bank soon. Below is a break-down of what it entails;
Cost price analysis:
1) Land-N50,000.00
2) Cassava stems-N15,000.00
3) Tractor/clearing-N30,000.00
4) Pesticides-N10,000.00
5) Herbicides-N20,000.00
6) Miscellenous-N10,000.00
How to go about it:
1) Clear the land you have just acquired by lease.
2) Create heaps as this crop can not be grown without heaps.
3) Water the heaps. It might interest you to know this crop does not need a nursery.
4) The next day take the stems out and plant it.
5) Just keep tending your crop for 3-6 months depending on the specie.
6) Begin harvesting your crop.
Ways to market it:
1) You could sell the raw produce to your local market to women whom in turn process it to locally made products like garri,akpu e.t.c.
2) You could find contact details of companies that produce the above on www.vconnect.com
Profit analysis:
If you produced about 120 big bags of cassava then you sell it at the rate of N7,000.00/bag
7,000*120=N840,000.00
P=s.p-c.p
P=N840,000.00-N135,000.00
P=N705,000.00
And mind you this is too small compared to what you will get in even one hectare of land infact without exaggeration you could get 500 bags from one hectare of land and this means millions for you.
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