It
is no longer new that the Revenue from oil has dwindle, and this the
time for agriculture to take the front seat, as matter of fact not
just agriculture but agricultural value chain is the way to go. The present
reality leaves us with no other option than the diversification of the Nigerian
economy, it is in the light of this present economic situation and the need to
create other source of income that investing in ginger would be a nice
alternative.
In
the last three years ginger has gone to be the most price agro commodity after
coca but in 2015 Ginger was more expensive than cocoa making it the most price
agro commodity in the country, in the
international market ginger went from $1,500 per ton in 2011 to $5,000 per ton
in 2015.
There
are a lot of opportunities in the ginger value chain. From planting to
processing, exporting, logistics, extracting and a whole lot of activities.
Have you ever consider investing in planting Ginger, it is hidden gold mine
that most people haven’t consider except people that are from ginger producing
areas
Planting
Ginger is a serious work as ginger take 8-9months to be ready for harvest, some
people even leave the plant for sixteen months. But you can outsource the
planting ( paying the locals to plant
for you) if the best agronomy practice are followed ginger yields 16ton to 20tons
per hectare.
Locally
In 2015 a ton of dried split ginger went
as high as N550,000 per ton. Let consider
planting and processing of dried split ginger on a hectare
Cost of one
hectare(leasing) N100,000
Seed N280,000
Land
preparation N100,000
Labour for
planting N150,000
Fertilizer/manure/chemical N100,000
Labour
harvesting and packaging N80,000
Total
cost of production N810,000
If the farmer
lost 40% to 50% of the tons he harvested
dues to processing he has on the average 8ton to 10tons to sell, meaning if he
selling at N450,000 per ton he would have made net profit of N3,600,000 to N4,500,000 making over 300% returns on investment. This
would hold true if the price of ginger
don’t go south.
To invest in business
this you must have a business plan, the must be soil analysis and of course the market(which is readily available) . The author is experience in
this and can assist.
