Business Plan For Ginger Cultivation

Written By AGRICULTURAL GIST on Wednesday, 19 April 2017 | Wednesday, April 19, 2017

EXECUTIVE SUMMARY
Ginger is one of the most excellent spice crops cultivated in Asia, and India accounts for 40% of the world’s ginger production. Ginger roots have high demand in national and international markets due to its excellent uses and benefits. Farmers can make gold out of it if only they follow the proper farm management practices. Basically, ginger is indigenous to south China. India is the world’s largest producer and consumer of ginger, China occupies second place. Nepal occupies the third place while Nigeria is the 4th world’s largest ginger producer.  Ginger is being used as spice in many food items as well as in herbal medicines due to its excellent medicinal properties.
1.1       
                    Climate and Soil Requirement for Ginger Farming
Ginger thrives well in warm and humid climatic conditions and can be cultivated from sea level to an altitude of 1400 to 1500 meters above sea level (msl). Ginger can be cultivated both under rain fed and irrigated conditions. For successful cultivation of the crop, a moderate rainfall at sowing time till the rhizomes sprout, fairly heavy and well distributed rainfall; during the growing period and dry weather for about a month before harvesting is ideal for good yield.
Ginger can be grown on wide range of soils. However it prefers deep, well drained, friable, loamy soil rich in organic matter. Having well drained soil is key factor or success mantra in ginger farming.
1.2                                  
                   Propagation in Ginger Farming
Propagation of ginger is done by using portions of mother rhizomes (root cuttings). The seed rhizomes should be treated with Dithane M-45 @ 3 grams per liter of water for 30 to 40 minutes drained before being used for planting.


         Farm Operations in Ginger Farming
This involves the set of activities carried out in the farm throughout the farming season. It involves activities like land preparation, planting, application of manure, weeding, earthing-up, and harvesting.
       
          START-UP CAPITAL FOR 12 ACRES OF LAND
You need enough money to go into ginger farming if you really want to make it big. Depending on the money you invest, be ready to gain three times the money you invested. Below is just an estimate of what you will spend when you venture into ginger business.

LAND LEASING IS JUST   100,000 per hectare. For 5 hectares it will cost ₦500,000

   Cost of Materials Needed
Table 1
       MATERIAL
QUANTITY REQUIRED
COST PER ONE
TOTAL
Viable Ginger 
Seeds

  150 50kg bags
    
     10000
1,500,000

Fertilizer
  
  100
     
     7000

700,000

Dithane M-45
  
  10
    
     1500

15,000

Knapsack Sprayer
   
   5
    
     7000

35,000

                                                                                        GRAND TOTAL

2,250,000 
   Cost of Labor
Table 2

FARM OPERATION
NO. OF LABOUR REQUIRED
NO. OF DAYS TO COMPLETE THE JOB

AMOUNT PER DAY


TOTAL


Bush Clearing

A Tractor
      
      1

10,000

10,000

Ploughing

A Tractor
     
      1

10,000

10,000

Harrowing

A Tractor
      
      1

10,000

10,000

Ridging

A Tractor
      
      1

10,000

10,000

Planting
     
  15
      
      3

1,500

67,500
Fertilizer Application
    
  15
     
      3

1,500

67,500

Weeding
     
  15
     
      3

1,500

67,500

Spraying
    
  15
      
      3

1,500

67,500

Harvesting
     
  15
     
      7

1,500

157,500

miscellaneous




269,200

                                                                                          GRAND TOTAL

726,700

3.0    POSSIBLE RETURNS
YIELD PER HECTARE      200 Bags (50 kg bags)

FOR 5 HECTARES               1000 Bags (50kg bags)

PRICE PER BAG                  ₦10,000

TOTAL AMOUNT              ₦10,000,000

COST OF PRODUCTION ₦3,467,700

EXPECTED PROFIT          ₦6,523,300 



4.0   CONCLUSION
Ginger farming has made many billionaires in the world today. You will definitely make more profit if you have direct contact with international buyers. The estimated cost per bag in Table 1 above is based on local price. The figure in yield per hectare in Table 3 above is the least you can get in one hectare of land.


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