Pineapple Farming, The Money Spinner

Pineapple farming in Nigeria is another sure money maker. Thousands of fruit juices are made with pineapple and the makers of fruit juice are always on the look out for pineapple farms where they could buy their raw materials. Go to mile 2023 Waec gce runz 12 market or any market near you or even the fruits sellers near you and try to price pineapple, then you will realize that pineapple is edible gold! 

One head of pineapple is sold for N500 to N800 even as high as N1,500 in the local markets while the same head of pineapple goes for N2000+ in the fruit shops.

For wholesale farmers, they sell for N500 to N800 depending on their weight. Lets assume you harvested 5000 pineapple and decided to sell for just N600 for wholesale, you will make a whooping of N3million. Takeaway cost of production, labour, and transportation, you will have a bounty profit and once they starts producing, they can fruit for the next 10 years if well maintained.

Can now reason with me and believe pineapple farming is all time edible gold? If you are thinking of a profitable farming business to start in this country, then think no more, pineapple is the current money spinner.

Let Make a Rough Cost Analysis for Pineapple Farming

1. Farmland Rent = 5,000 per year. (for an acre of land). Though it is advisable to buy your own farmland.

2. Farm Tools & Chemicals:

(a) 2(two) Cuttlasses = 5,000
(b) Two pairs of Rain boot =7,000
(c) 2 (two) big plastic bowls = 7,000 (for holding spraying water)
(
(d) 1 (one) wheel barrow = 20,000 (for easy items movemeent)
(f) 2 (two) buckets = 6,000 (to fetch water)
(g) (two) shovels = 5,000 (to dress furrows)
(h) 2 (two) hoes = 4,000 (for tilling & weedng)
(I) 4 (four) pairs of rubber hand glove = 1,000 (to prevent palms calouses)
(j) 4(four) rolls of twain (rope) = 1,500 (for lanting)
(k) Raincoat = 4,000
(l) 4 (four) bamboo baskets = 1,500 (for suckers transfer)
(m) 3 (three) litres of non-selective herbicide = 10,000
(n) one litre each of pesticide & fungicide = 5,000
(o) 2 (two) litres of selective herbicide = 8,500
(p) Induction chemical = 20, 000 (It forces them to fruit at the same time)
(q) CP15 Knapsack Prayer = 30,000
3. Farm clearing = 20,000 x 2 = 40,000
4. Packing of land after clearing including stumps and trees cutting = 10,000 (for an acre and 20,000 for 2 acres
5. Making of ridges (optonal)
6. Suckers (Pineapple stems for planting) = N35x 10,000 =N350,000
7. Loading & Transporting = N20,000
8. Offloading = 5,000
9. Transfer of suckers from offloading point to the farmland = 5,000
10. Planting =15,000
11. Miscellaneous expenses =N10,000
Total for an acre = 286,000
Total for 2 acres = 455,500
Estmate for the extra 1 (one) is: 455,500 minus 286,000 = 169,500. That means the extra one acre approximately requires just 169,500.

Expected Annual Income Qt of harvest crops………. . 4,500 stands (Avg).
Price per pineapple (avg)...X N500x4500
Total revenue (1 acre)………....1,350,000
Total Annual Profit = N1,060,000.
Total expenses for for 2 acres = 455,500
Total revenue (for 2 acres)= 2,700,000
To Annual Profit (2 acres) = 2,120,000
(455,500 - 2,700,000 = 2,120,000)

s. All tools are important but some of them can still be subjected to trimming based on your disposable capital. I have painstainking put them together based on market knowledge,market survey and pricing.
Please go through them very well and record

Mind you, at Agrofat Ventures we sell pineapple suckers, plantain suckers and many other crop seedlings at affordable prices. Make an order today ...