Another very powerful and useful plant which is capable of giving you some money is plantain.The prospects of this very crop are so good and infact various countries are beginning to invest in this business. Plantain is actually very good as it does not take time to produce, below are some advantages of plantain;
1) It grows very fast most especially the genetically modified ones which are gaining heavy popularity today among farmers.
2) It’s climatic and soil requirements are not very steep and so it is not very difficult to do well in some areas.
3) The crop produces various sizes and so it has a very good value in the market.
4) It is not difficult to plant and tend as it naturally has a way of surviving weeds .
5) It keeps producing constantly in it’s season and so if you plant it once, it will keep producing you don’t have to pull it down to plant it every time.
6) It can easily regenerate unlike some other crops which cannot easily regenerate when they have been harvested.
Now with the above things we have known about this wonderful but incompletely explored goldmine you can see that this is a very good business to go into. I call it incompletely explored goldmine because entrepreneurs have refused to invest in this very prospective business as only the surface is being seen. Below are some products of plantain that makes it a very good business prospect;
1) Plantain flour: This is one of the plantain products that has successfully found its feet especially among diabetic patients due to it’s ability of having no sugar and so diabetic patients which are very much today especially among the rich and wealthy are willing to buy it both the raw plantain itself and it’s flour are willing to pay you any amount you wish just to get this product.
2) Laxatives: This plant is also very much used as a laxative. A laxative is any drug used to purge the system of unwanted materials. Companies that produce this laxatives are willing to pay you a fortune to buy this raw materials from you so that they can be able to manufacture the laxatives.
3) Plantain chips: this crop has really gained a wide usage in the food industry for making of plantain chips as lots of people buy it. Infact there are companies that their work is to make it and sell it out to people whom in turn send it to you and I the end users.
4) Plantain tea: this is used for the treatment of diarrhea and so companies that make this tea are willing to pay you something substantial to get this powerful raw material from you the producer.
Now from the above already discovered uses of the crop plantain, you can see that this product is a very powerful material that when you invest into it you will surely get good cash from it. Below is the business analysis;
Things you will need:
1) Land-N50,000.00
2) Tractor-N20,000.00
3) 400 plantain suckers at the rate of N150.00 per 1=N60,000.00
4) Miscellenous=N20,000.00
How to go about it:
1) Clear the land with your tractor and brush it up properly.
2) Water the land. You don’t need heaps because the crop grows very well in the normal land.
3) Dig holes and sow the suckers. It is very much adviceable to use the genetically modified suckers as they grow very fast compared to the normal ones.
4) Water, weed and tend to your crops everyday and within 3months they will develop and start producing. You could get as much as six bunches from one of the 400 plantains.
Profit analysis:
One bunch of the plantain could be sold for as much as N6,000.00-N7,000.00
And if we get six bunches per tree below is the calculation.
No.of plantains=400*6
=2400 bunches
Selling price=2400*6000
=N14,400,000.00
Profit=selling price-cost price
=N14,400,000.00-150,000.00
=14,250,000.00
Now from the above you can see that this is a highly profitable business and trust me when I say that this crop sells very fast, you won’t have to wait one year to sell it all once you get the right place to sell it.
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