The Best Strategies For Starting Groundnut Farming Business In Nigeria
Welcome to Entrepreneur.ng! today, I will be discussing with you the best strategies to start groundnut farming business in Nigeria. Now, among the nuts I know in Nigeria, groundnuts fall among the top business-driven products. It is a commodity which is not so much affected by the exigencies of market dynamics.
You can make a lot of money by engaging in groundnut farming business. Of course, there are so many businesses you can do with groundnut. One of them is groundnut oil business.
Today, I bring to you another aspect of groundnut farming business – groundnut farming business. To discuss this, I’ll be answering many questions related to this business. What is groundnut farming business? How can you make money from this aspect of groundnut farming business? Is there a market for this niche of groundnut farming business in Nigeria? If you enter groundnut farming business in Nigeria, would you make a profit?
To answer these and more, I implore you to stay put and read on. The article may be a bit lengthy, but then, it is well articulated.
Why Groundnut Farming Business?
So, what makes groundnut farming business so unique a business to take after? The answer is simple. Groundnut farming can be done two (2) times in a planting season. As such, the potentials for replanting it there. Additionally, groundnut farming business is can be interwoven with other kinds of agricultural businesses easily. Thirdly, the crop can be planted together with other crops on the farm.
Strategies For Profitable Groundnut Farming Business Cultivation
Knowing when and how to plant groundnut for great yields is cardinal to your success in groundnut planting business. So, here are the steps:
1. Site/Farm Clearing:
Begin with the clearing of the site just as you would do for other crops.
2. Obtain Groundnut Seeds Depending On The Span Of Your Farm.
where you don’t have the groundnut seeds, you can go to the market and purchase them. The quantity of groundnut seed you purchase depends on the span of the land. So, you need to do a quick estimation of the land span before acquiring your groundnut seeds.
3. Till The Farm Or Make Molds
In Potato planting, for instance, you can make moulds. Be that as it may, in preparing groundnut, we just need to till the land. But if you choose to make moulds, then there is no problem with that. Try as much as possible to eliminate stumps on the farm and add manure to it as well.
4. Planting The Seeds
Planting groundnut ought to be conceivable towards the rainy season when you almost certainly allowed a fairly good supply of rain.
It is fitting to give incredible space of not less than 25cm for each planted seed to enable an awesome yield. At the period of groundnut planting, it might interest you to incorporate another product like guinea corn. That’s ok anyway.
In a circumstance where you wish to plant guinea corn, continue to step 5 of this article. But if you don’t, move on to step 6.
5. Introducing Guinea Corn on Groundnut farm:
If you have to interlace groundnut with guinea corn, you should first spread the guinea corn on the part you have to plant groundnut.
This is so that while opening soil to put the groundnut seed, the sands will cover the spread guinea corns. Fundamentally, you would have to develop a modality for keeping birds from eating them up.
6. Weeding and Manuring:
Weeding and adding fertilizer or manure to your groundnut farm is the same as in potato. In any case, you have to weed the guinea corn twice since it takes it around five (5) months to six (6) months for harvest to take place.
In two to three months’ time, your groundnut farm should be ready for harvesting.
8. Post-Harvesting Practices.
after harvesting your groundnut, you can sell it out or simply sun-dry and store them for future usage or sales. One way out is to mill the oil from the seeds as groundnut oil and sell.
After you must have extracted the oil, the cake that is obtained can be eaten as kuli-kuli or processed into animal feed.
9. Planting For The Second Time:
I will urge you to plant for the second time. This consistently starts in August to be harvested in December. In the situation that you live in swampy areas, this is exceptionally essential business to do. This is because planting the groundnut plants in the dry season is quite tasking. In that sense, planting the second time where there is an abundant supply of water would help keep down the costs and other exigencies.
So, that was it on the strategies for effective groundnut business in Nigeria. See other related businesses here.