plantain farming business plan in nigeria pdf

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Plantain Farming Business Plan in Nigeria (Current) PDF

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Not many people know this, but there is a lot of money in plantain farming. Those who have seen the light are already finding a way to invest in starting a plantain farming business in Nigeria. Starting a plantain farm is not as difficult as it sounds, we will tell you all you need to know and also provide you with a sample plantain farming business plan in Nigeria in this post.

Do you know that plantain and its products are among the most consumed foods in Nigeria? there are so many local delicacies that are produced from plantain. This is why most farmers involved in plantain farming hide information about the profitability of the business.

Starting your plantain farm does not require so much capital or effort. What you will be doing most is caring for your crops and maintaining the farmland. In this post, we will share lots of secrets about how to start a plantain farming business in Nigeria.

Market Overview

Like we stated above, Nigerians consume a lot of plantains. Plantain can be eaten in different forms including raw, eaten fried with rice or other foods, boiled, and as chips. These are just a few forms in which plantain can be eaten.

This makes it clear that the demand for plantain far exceeds the supply in Nigeria. You should not be worried about selling your plantain as the market is very wide. So many establishments, asides the local market, need plantain. Hotels, restaurants, families, etc. all need plantain. This implies that your product will not go to waste.

Challenges of Plantain Farming in Nigeria

Most times, people tell you of the advantages of plantain farming and how much you can make. What they don’t tell you is that this business comes with its peculiar challenges. If you know about the challenges, it is easier to avoid and overcome them. In this section, we will outline some of the challenges of plantain farming in Nigeria:

• Pests and diseases.
• The high cost of farmlands.
• Unhealthy suckers.
• Problems associated with storage.
• The high cost of transporting produce to markets.
• The challenge of raising adequate capital.

How Profitable is Plantain Farming in Nigeria

Before you invest time, effort, or cash into any business, it is imperative to find out if the business is profitable or not. Plantain farming is no different even though plantain is in very high demand in Nigeria. Below is an example of how much you are likely to spend on cultivating plantain in Nigeria:

Cost Analysis for Plantain Plantation

• Buying farmland – N400,000
• Purchasing suckers at N200 each – N100,000 for 500 suckers.
• Transportation of suckers to the farm – N7,000
• Cost of labor for planting – N20 per sucker = N10,000
• Cost of maintaining the farm – N15,000
• Cost of manure – N3,000

Total = N535,000

So the question to answer is how do you make returns on your investment? There are two major ways of making returns on your investment when running a plantain farm:

• Selling the plantain fruits. The usual price of a plantain bunch is about N500. If all your 500 suckers produce, then you should have N250,000 in your first year. Planting the same number of suckers by the second year means your business will break even in Year 2.
• Selling suckers. Usually, a plantain will produce between 6 and 8 suckers. This means that your 500 plants will produce 3000 suckers. If you sell each sucker at N200, you will make N600,000. This implies that your business will hit break-even in the first year.

This should be a good proof of why you should invest in plantain farming in Nigeria.

Why you should invest in Plantain Farming Business in Nigeria

There are so many reasons why anyone should invest in plantain farming in Nigeria. We may not be able to share all the reasons with you in this post, however, here are some cogent reasons why.

• It helps to eradicate poverty which is one of the SDGs.
• This business is highly profitable and lucrative.
• You will employ people to work on your farm even if it is for short periods. This means you are helping to reduce the unemployment and crime rates in Nigeria.
• It helps you to attain self-dependence.
• Reduces financial crises in the country.
• You can become a mentor to many other young farmers interested in plantain farming in the future.

Starting a Plantain Farm in Nigeria

Before you jump into starting a plantain farm, there are several things you should know. Many people do not take the time to study about plantain farming before they dive in. The result of this negligence is the failure of the business and loss. We don’t want any of this to happen to you which is why we have put together this guide to help you out.

Note that these are just peripheral, if you want to know about plantain farming in-depth, you should visit an existing successful plantain farmer. This way, you can learn from their experiences and failures. So what should you do before starting your plantain farm?

Get a fertile land

If you are going to succeed as a plantain farmer, you need fertile farmland for cultivation. This means you should consider a soil that has all the necessary nutrients and satisfies the necessary conditions for plantain farming.

It is best you get land with loamy soil and contains lots of organic matter. The moisture content of the soil should be average. You can cultivate plantain in any of these Nigerian States Delta, Edo, Ekiti, Cross River, and Ogun amongst others.

Even if your land does not have the necessary nutrients, you can develop it. You do this by applying organic or inorganic fertilizer. The best way to know if the soil contains the necessary nutrients is by conducting a lab test of the soil. On the other hand, you can observe the vegetation on the land, if it is thick, then it should support plantain cultivation.

There are two ways of getting farmland for plantain cultivation. You can purchase the land outright from the owner. On the other hand, you can lease the land for a few years and then return it or purchase it afterward.

Land preparation

It is one thing to get the land, it is a different ball game to get it ready for plantain cultivation. There are certain land preparation processes you must carry out on the land before planting your plantain. You must do this else the crops will not do well and you will run at a loss. You will also put your crops at risk of diseases and pests if you don’t prepare the land adequately.

The land preparation processes include clearing the weeds and bushes, cutting any trees that may stand in the way, removal of stones and stumps, etc. Other processes involve tilling the ground and preparing the beds for cultivation and manure application.

These processes can be carried out by human labor or machinery. While machinery is costlier, it is faster and more efficient. If you are running a very large farm, we advise that you get machines to prepare the land for cultivation.

Purchasing healthy Plantain suckers

Plantain suckers are the equivalent of seeds that are planted to get plantain. You must have seen suckers at some point. They are the outgrowth you see on the bud that is at the base of the plantain plant. The suckers bear short narrow leaves and they are planted to get whole plantain plants.

If you get unhealthy suckers, your yield will be very poor which will mean you have wasted time and funds. This is why before buying your suckers, you should make findings from reputable plantain farmers. Ask them where they get healthy suckers that are resistant to pest and disease attack and have a high yield.

The three varieties planted in Nigeria include sword suckers, maidenhead, and water suckers. You can invest in any of the first two, they are very healthy and produce a high yield. Water suckers, on the other hand, produce low yield and the plants are always weak.

Planting, weeding, and fertilizer application

The suckers should typically be around 4 to 5 feet long and you should maintain between 8 t0 10 feet between each sucker. Before planting, the soil should be a bit wet but not waterlogged. Periodically, you should take out weeds from the farm. You will need manual labor to handle this process.

If the land is already fertile, you may not need to apply fertilizers. However, if it isn’t, then you need fertilizer that has sufficient levels of nitrogen, phosphorus, and potassium.

Harvesting and marketing

Your plantain should be set for harvesting within 8 to 10 months. You should harvest the plantain once it begins to ripen. You must find buyers for your product before the harvesting season. Plantain is perishable so you cannot afford to leave it on the ground for too long.

Write a business plan

Business plans are very important to the growth of any business. They act as the map guiding the operations of the business. If you will succeed in your plantain farming business, then you need a business plan. You can contact us to write a detailed business plan at a subsidized fee.

Get your Plantain Farming Business Plan in Nigeria and feasibility study. pay N10,000 to:

Bank Name: Guaranty Trust Bank (GTB)

Account Name:  Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your name, email address and “ Plantain Farming Business Plan in Nigeria ” to  07033378184

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Introduction:

Table of Contents

Welcome to our comprehensive guide on starting a successful plantain farming business in Nigeria through a well-thought-out plantain farming business plan in Nigeria.

In Nigeria, agriculture is a crucial part of the economy, and plantain farming offers tremendous opportunities.

Plantain Farming in Nigeria – A Lucrative Venture:

Plantains, often called “cooking bananas,” are a staple in Nigerian and African diets. They are not only delicious but also contribute to food security and local livelihoods. With their adaptability in various dishes and rich nutritional value, plantains are in high demand.

Moreover, the global trend towards healthier eating has boosted the demand for plantains due to their high fibre content, vitamins, minerals, and cholesterol-free nature. This makes plantain farming business in Nigeria not only culturally significant but also economically promising.

Seizing the Opportunity with a Strong Plantain Farming Business Plan in Nigeria:

To succeed in plantain farming business, you need a well-crafted business plan document. This plan acts as your roadmap, guiding you through the complexities of agricultural entrepreneurship. It helps you set goals, strategies, and prepares you for challenges.

In today’s entrepreneurial landscape, a structured business plan is essential. It communicates your vision to potential investors, helps you make informed decisions, secure funding, and establish a strong presence in the market.

Our Expertise:

At NaijaCEO, we understand the importance of a solid business plan in Nigeria for plantain farming. With our experience and track record, we are your partners in navigating the unique challenges of this industry. We aim to equip you with the knowledge and insights to create a comprehensive Plantain farming business plan in Nigeria document and offer consulting services to support your agricultural venture.

In the following sections, we will explore the essential elements of an effective plantain farming business plan in Nigeria document, covering market analysis, financial projections, marketing strategies, and organizational structure. Our goal is to ensure your journey in plantain farming is clear, strategic, and successful.

Understanding Plantain Farming in Nigeria:

Before we dive into the details needed in crafting a comprehensive Plantain farming business plan in Nigeria document, it’s crucial to understand plantain cultivation and its role in Nigeria’s agriculture.

Plantain Basics:

• Plantains belong to the banana family and are mainly grown for their starchy fruit.
• They are a staple in Nigerian dishes and are known for their versatility.
• Nigeria’s climate and soil are ideal for plantain cultivation, making it environmentally friendly.

Plantain Farming Business in Nigeria Success Factors: To thrive in plantain farming, consider these key factors:

• Location : Choose an area with well-draining soil, sunlight, and consistent rainfall.
• Variety : Select the right plantain variety for cooking or processing into products like chips.
• Soil Management : Prepare the soil and manage nutrients for healthy plant growth.
• Pest and Disease Control : Keep an eye out for pests and diseases and use integrated pest management.
• Harvesting and Post-Harvest : Learn when to harvest and how to handle the fruit to maintain quality.
• Market Awareness : Understand market trends to sell your produce at the right time.
• Value Addition : Explore products like plantain flour and chips to diversify income.

As you begin your plantain farming journey, remember that knowledge is your greatest asset. Understanding these success factors and staying informed about industry developments will lead you to a prosperous plantain farming business.

In the upcoming section, we’ll dive into the core of our article: the components of an effective plantain farming business plan in Nigeria. Just like nurturing each plantain for a bountiful harvest, crafting a well-structured plan is vital for your business’s success. Let’s uncover the guide that will guide your plantain farming venture to prosperity.

Components of a Plantain Farming Business Plan:

Crafting a successful plantain farming business plan in Nigeria involves assembling a comprehensive description that outlines your objectives, strategies, and the roadmap to achieving your goals. Each component of the business plan contributes to the overall clarity and feasibility of your venture. Let’s explore the key elements that constitute a robust plantain farming business plan document.

Plantain Farming Business Plan in Nigeria Executive Summary:

At the forefront of your business plan is the executive summary, a concise yet impactful overview of your entire plan. This section covers the essence of your plantain farming business, including your goals, target market, competitive advantage, and a snapshot of your financial projections. It serves as an introduction to potential investors, partners, and stakeholders, providing them with a clear understanding of what your venture entails.

Plantain Farming Business Plan in Nigeria Market Analysis:

A thorough analysis of the market landscape is imperative to the success of your plantain farming business. This section delves into the demand for plantains in Nigeria, market trends, consumer preferences, and the competitive landscape. By understanding the dynamics of the market, you can tailor your strategies to capitalize on opportunities and address potential challenges effectively.

Business Description:

Here, you provide an in-depth insight into your plantain farming operation. Describe your cultivation methods, the varieties of plantains you plan to grow, and any unique selling propositions that set your farm apart. Additionally, if you’re offering consulting services, outline the scope of services you provide, showcasing your expertise and the value you bring to potential clients.

Organization and Management:

This section outlines the organizational structure of your plantain farming Business in Nigeria. Detail the roles and responsibilities of key team members, highlighting their expertise and contributions to the success of the business. If you’re offering consultancy services, introduce the members of your consulting team and their relevant experience.

Product Line or Services:

Present a comprehensive overview of the plantain varieties you intend to cultivate and the products you plan to offer. Highlight the nutritional benefits of each variety and any unique features that make them desirable to consumers. If applicable, detail the consulting services you provide, including business planning, market research, and strategic guidance.

Plantain Farming Business Plan in Nigeria Marketing and Sales Strategies:

In this section, outline how you intend to promote and sell your plantain products or consulting services. Define your target audience, and elaborate on the marketing channels you’ll leverage, such as local markets, distributors, or online platforms. For consulting services, explain how you’ll reach potential clients and convey the value of your expertise.

Funding Request and Financial Projections:

Detail your financial requirements for both the plantain farming operation and your consulting services. This section provides a breakdown of startup costs, ongoing expenses, projected revenue, and profit margins. Investors and lenders will pay close attention to this section to assess the viability and potential returns of your venture.

Steps to Create a Plantain Farming Business Plan in Nigeria Document:

Crafting a robust and effective plantain farming business plan in Nigeria requires careful planning, strategic thinking, and attention to detail. In this section, we will guide you through a step-by-step process that will empower you to create a comprehensive business plan that aligns with your goals and maximizes your chances of success.

• Research and Gather Information: The foundation of any successful business plan is thorough research. Dive into the world of plantain farming by studying industry trends, market demand, and the competitive landscape. Gather data on cultivation practices, pest management, post-harvest handling, and market prices. Equipped with this knowledge, you’ll be better prepared to make informed decisions.
• Define Your Business Goals: Clearly articulate your short-term and long-term goals for your plantain farming business in Nigeria. Are you aiming to become a leading supplier of plantains in your region? Or perhaps you’re focused on creating a sustainable source of income for your family. Defining your goals will guide the rest of your planning process.
• Outline the Structure of Your Plan: Divide your business plan into distinct sections, each addressing a specific aspect of your venture. These sections will include the executive summary, market analysis, business description, organization and management, product line or services, marketing and sales strategies, funding request and financial projections, and an appendix.
• Develop Detailed Content: For each section of your plantain business plan in Nigeria, provide detailed information that paints a comprehensive picture of your business. Share insights into your market research findings, describe your cultivation practices, and explain the strategies you’ll employ to market and sell your products. If you’re offering consulting services, elaborate on the expertise your team brings to the table.
• Financial Projections: Create detailed financial projections that outline your anticipated income, expenses, and profit margins. Factor in costs such as land preparation, seedlings, labour, equipment, transportation, and marketing expenses. For your consulting services, consider overhead costs, hourly rates, and potential project volumes.
• Strategy Implementation: Elaborate on how you plan to execute the strategies outlined in your business plan. Describe the step-by-step process of cultivating plantains, from preparing the soil to harvest. Outline your marketing tactics, including social media campaigns, collaborations with local markets, or partnerships with restaurants. For consulting services, detail your approach to client acquisition and project delivery.
• Seek Feedback: Share your draft plantain farming business plan in Nigeria with trusted advisors, mentors, or industry experts for feedback. Incorporate their insights to strengthen your plan and ensure its viability.
• Revise and Refine: Based on the feedback received, revise and refine your business plan. Ensure that all sections are well-organized, coherent, and aligned with your goals.
• Proofreading and Editing: Carefully proofread your business plan to correct any grammatical errors, typos, or inconsistencies. A professionally presented plan enhances your credibility.
• Finalize Your Plantain Farming Business Plan in Nigeria: Once you’re satisfied with the content and presentation, finalize your plantain farming business plan. Create a visually appealing document that is easy to navigate and understand. Remember, your business plan is a living document that can evolve as your business progresses. Regularly review and update it to reflect changing market conditions, business milestones, and growth strategies. With a well-crafted Plantain farming business plan in Nigeria as your guide, you’re equipped to navigate the complexities of plantain farming and embark on a journey of success.

In the subsequent section, we will shed light on our role as business consultants and how our expertise can propel your plantain farming venture to new heights. So, let’s explore how we can be your partners in achieving agricultural excellence and business success.

How NaijaCEO can be of help to you

As you embark on your plantain farming business journey armed, it’s crucial to recognize the value that experienced business consultants bring to the table. At NaijaCEO we understand that the path to success in agriculture is often lined with uncertainties and challenges. That’s where our expertise comes in – to guide you through the process of writing a very comprehensive plantain farming business plan that can help win investors and also open your eyes to the opportunities in the Plantain industry in Nigeria and Africa as a whole.

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Micah Erumaka

About Micah Erumaka

Micah Erumaka is the Founder of LiaonCEM solutions which owns NaijaCEO. He is an Internet Entrepreneur and a content creator. After the failure of his first company at age 18 he started NaijaCEO to help entrepreneurs with the information they need in operating a successful business in Africa

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How Profitable Is Plantain Farming Business in Nigeria? A 8-Step Guide

Nigeria is one of the world’s leading producers of plantains in the World. While many people may not really want to take up plantain farming cultivation as a business, it is one of the most lucrative farming businesses.

Unlike cassava farming  which could be more tedious and requires attention, the plantain farming business is more lucrative and it is more rugged.

Table of Contents

Factors to consider for plantain farming business.

When selecting a location for your plantain farm, you should consider factors such as:

Climate : Plantains require warm temperatures and plenty of sunlight to grow well. The ideal temperature for plantains is between 75-90°F (24-32°C).

They thrive in tropical and subtropical regions and prefer high humidity. Plantains need well-drained, nutrient-rich soil that is slightly acidic with a pH between 5.5 and 6.5.

Watering : They require regular watering, with about 1-2 inches of water per week.

Fertilizer : Plantains also need adequate amounts of fertilizer to ensure optimal growth and access to markets.

This step-by-step guide is what you need to start a plantain farming business, it will also show you how much you can make from it in a year.

1) Choose an Area for Plantain Farming

You need a large area of land to start a plantain farming business to get the best profits from your effort. Here are some strategic steps to get land for your plantain biz.

Connect with local farmers:

Do this by asking questions about the local climate, soil conditions, and other factors that may impact your plantain farming.

Contact local government offices:

Local government offices can provide information about available land for farming. They may also have contacts for land owners who are willing to rent or sell land.

Use online resources:

There are online resources that can help you find land for farming.

Negotiate terms:

Once you have found a suitable piece of land, negotiate terms with the owner. This includes:

• purchase price,
• maintenance, and other conditions that may be applicable.

2) Choose Plantain Varieties

There are various varieties of plantains available in Nigeria, and they can be divided into two main categories:

• cooking plantains.

Sweet plantains

Sweet plantains are typically used in desserts or snacks

Cooking plantains

cooking plantains are used in savory dishes.

Select varieties that are best suited for your climate and soil type some of the commons one are listed below:

3) Prepare the Land

You need to prepare the land for planting. This involves clearing the area of weeds, stones, and debris. You should also test the soil for pH levels and fertility.

If necessary, you can add fertilizer or compost to improve the soil quality.

4) Planting

Start planting the plantain suckers. Plantain suckers are small shoots that are planted in holes about 15-20 cm deep.

Make sure to leave enough space between the plantains for proper growth.

5) Water and Fertilize

After planting, you need to provide the plantains with adequate water and fertilizer. Water the plants regularly, especially during dry spells.

Additionally, you should apply organic fertilizer twice a month to ensure that the plants have the necessary nutrients for growth.

7) Harvest the plantains

When the plantains are ripe, it is time to harvest them. In Nigeria, plantains typically take between 10-12 months to mature after planting.

Plantains typically require a long growing season in order to reach maturity, so they are usually planted in the late rainy season or early dry season.

Once planted, the plantains will take several months to reach full maturity and can then be harvested.

8) Market the Plantains

Finally, you need to find a market for your plantains. You can sell them directly to consumers or to wholesalers who can then distribute them to retailers.

You should also consider ways to add value to your plantains, such as by processing them into chips or flour.

Common disease of plantain in Nigeria

Pests and diseases can cause significant damage to your plantain cultivation, so it is important to take steps to mitigate these.

This can include removing weeds, applying pesticides, and using traps to catch pests. Additionally, you should inspect the plants regularly and treat any affected ones immediately.

Peculiar plantain diseases are:

Fusarium Wilt:

This is a fungal disease caused by Fusarium oxysporum, which can cause significant damage to plantain plantations in Nigeria.

Bacterial Wilt:

This is a bacterial disease caused by Ralstonia solanacearum, which is spread through infected soil or water and can cause wilting and death of plantain plants.

Black Sigatoka:

This is a fungal disease caused by Mycosphaerella fijiensis, which can cause yellowing and spotting of leaves as well as premature ripening of plantains.

Mosaic Disease:

This is a viral disease caused by different viruses, which can cause yellowing, mottling, and distortion of the leaves of plantains.

This is a fungal disease caused by Pythium spp., which can cause stunting, wilting, and death of plantains.

Diseases Prevention methods

Implement an integrated pest management (ipm) program:.

IPM combines biological, cultural and chemical practices to manage pests and diseases on a plantain farm.

Biological control methods such as releasing beneficial insects, using trap crops and planting pest-resistant varieties can help reduce pest infestations.

Use crop rotation:

Rotating crops can help reduce the spread of soil-borne diseases and reduce pest populations.

Practice good sanitation:

Keeping the farm clean and free from debris can help reduce the spread of disease-causing pathogens.

Use resistant varieties:

Planting resistant varieties of plantain can help reduce the spread of pests and diseases.

Implement a weed control program:

Weeds can act as hosts for pests and diseases, so it is important to control them with herbicides or by hand-weeding.

Use certified seeds:

Planting disease-free certified seeds can help reduce the spread of pests and diseases.

Apply safe and effective pesticides:

When needed, use only pesticides that are labelled for use on plantain. Follow label instructions and take all necessary safety precautions.

What are the varieties of p lantain i n Nigeria ?

There are several varieties of plantain that are grown in Nigeria. These include:

Ikokore Plantain:

This variety is commonly found in the Southern part of Nigeria, especially in the Delta region where it is mainly grown for commercial purposes. The fruits are round or oval in shape, yellow to brown in color and have a sweet taste.

Agbagba Plantain:

This variety is mainly grown in the Southwestern part of the country. It is small in size and has a sweet flavor.

Ededere Plantain:

This variety is mostly found in the central and northern parts of Nigeria. It is large in size and has a strong flavor.

Kabacha Plantain:

This variety is mainly found in the eastern and northern parts of Nigeria. It is small in size and has a sour taste.

Amufu Plantain:

This variety is mainly found in the eastern and southern parts of Nigeria. It is large in size and has a sweet taste.

Propagation methods of plantain in Nigeria

The most common methods used to propagate the crop include:

• tissue culture,
• marcotting, and

Tissue culture

Tissue culture is a process in which plant cells, tissues or organs are grown in a nutrient medium under aseptic conditions.

This method is used to produce a large number of uniform, disease-free plants. The process is expensive and requires technical expertise.

Suckers are the most common and economical method of propagating plantain in Nigeria. This method involves using the lateral shoots that grow from the base of the plantain stem, which can be removed and replanted in a suitable area

 The sucker should have at least one healthy bud and be free from disease or pests before it is planted.

Marcotting is another method used for propagating plantains. This involves taking a section of the plantain stem and wrapping it in a moist cloth.

After some time, the stem will begin to produce new shoots at the cut end, which can be transplanted to a new area.

Seeds are also used to propagate plantain in Nigeria, although this is a slow and unreliable method.

The seeds must be planted in a suitable area and given the right amount of water and sunlight to ensure good growth.

Note: Suckers and marcotting are the most popular methods, as they are simple, inexpensive, and often produce good results.

How profitable is the plantain farming business in Nigeria?

We earlier said that plantain farming is a lucrative business, now let’s give you a peep into how much you can make from an acre (or six plots of land) of plantain farm.

Projected expenses:

Here is the breakdown of projected expenses and Return on Investment from six plots of plantain farm for someone who already has a piece of land to use.

This expenditure is based on 500 suckers on an acre of land

Cost of sucker: NGN150 (you can discount for a larger quantity)

500 suckers × NGN150 = NGN75,000

Transportation= NGN10,000 (depending on location).

Cost of Planting= NGN50

NGN50 X 500 = NGN25,000

Maintenance cost= NGN25,000

Clearing of the plantain plantation till the harvesting period = NGN20,000

Miscellaneous = NGN15,000

Total cost: NGN145, 000

Projected profit:

This is where you will know that your effort is worth it, because you can make profits from plantain in two ways:

• Through the sales of suckers
• Through the sales of the fruits when it’s mature for harvesting

Sales of suckers

If properly taken care of, each sucker can reproduce at between five to seven suckers

What does this mean for you if you bought 500 suckers at the start of your plantain cultivation?

That’s simply 500 X 5 = 2,500 suckers for you to resell unless you want to expand your business.

In the above analysis, we put the cost of a sucker at NGN150, but because of this quantity, we might simply sell a sucker at NGN100

2,500 suckers X 100 = NGN250,000

Meaning you can make at least NGN250K from the sales of sucker alone.

Sales of plantain fruits

In Nigeria today, a bunch of plantains is between NGN1,500 to NGN2,500

In your first round of harvest that’s NGN1,500 X 500 = NGN750,00

Revenue minus total expenditure

NGN750,000 – NGN145,000 = NGN605, 000 profit.

This profit excludes the sales of suckers.

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• Plantain farming in Nigeria (The Ultimate Guide on How to Start a Plantain Farm)

Plantain farming is the cultivation of plantain on a farm. It can be a very profitable farming venture in Nigeria.

In this article, you will learn the following:

How to start plantain farming in Nigeria

• Steps to take so that your plantain farm will be successful
• Strategies to use so that your plantain farm will be profitable

All Nigerians eat plantain so it is a very marketable food product. This healthy food also has a lot of uses. If you know how to market farm produce, you will smile to the bank.

1. Conduct a feasibility study

Depending on the level of your investment, you can engage an expert to help you to write a feasibility note and a business plan.

You can write your business plan yourself by going around to ask for information and data about plantain farming in Nigeria and the marketability.

Do not skip this process. Don’t rely only on what you read on the web. Hit the street and ask critical questions about plantain farming.

2. Get yourself trained in modern farming

Cultivating plantain the way our forefathers did it is likely to make you lose your investment. A lot of plantain farmers in Nigeria do not know how to cultivate plantain efficiently. They just dig holes and plant.

You need to get yourself trained on how to cultivate plantain. If you cannot manage your farm yourself, ensure you engage experts who are skilled in plantain farming. Do not be deceived to employing those who claim to be experts but who do not know anything about farming. This set of people are everywhere on the internet.

3. Acquire farmland

To maximize your profit from plantain farming, it is better you acquire farmland in rural areas in the rain forest belt of Nigeria.

Why rain forest belt? Plantain needs a lot of water in order to have a good yield. Rain forest and mangrove swamp zones of Nigeria receive more rainfall than all other climatic zones in the country.

You should not rent or lease farmland for plantain farming. It is better you acquire farmland.

Get good farmland in states like Ondo, Ogun, Oyo, Osun, Edo, Rivers, Delta, Akwa Ibom, Lagos, Ekiti, Cross Rivers, Imo state and other southern states in Nigeria.

For states with less rainfall, you will need irrigation preferably drip irrigation.

4. Land preparation

You must take off the trees and stumps on your farmland.

You can also plough and harrow the farmland. If your farmland is virgin, you can use no till farming.

A lot of manure should be used when cultivating plantain.

Though not common, some farmers prepare wide beds when cultivating plantain.

Do not forget to do  soil and water test .

5. Install drip irrigation

Drip irrigation  or trickle irrigation is the best form of irrigation for plantain farming and indeed most crops.

With drip irrigation,, your plantain plants can get water all year round. Most plantain farmers in Nigeria cultivate this crop in the rainy season. Their plantain plants get only 5-6 months of rainfall. Imagine, your plantain gets water through irrigation all year round; the yield will be 50-100% more.

The yield can even be more than 100% if you practise fertigation.

Fertigation is the act of passing nutrients in form of soluble fertilizers to plants through the drip irrigation system.

6. Get clean tissue cultured plantain seedlings

Never be deceived into buying uprooted plantain suckers. In most cases, these plantain suckers are already infected and diseases.  When you introduce a diseases sucker into your farmland, you can bring new diseases and harmful to your soil that will affect any crop you grown on the soil.

It is recommended that you buy a clean tissue cultured sucker. Some of these suckers are bred in laboratories while some are grown in clean greenhouses.

A clean tissue cultured sucker is likely to give you increased yield because they do not have any diseases or pests that can impact their growth.

7. Do the planting

A lot of people who are engaged in plantain farming get it wrong from the planting stage.

The first rule is to get a lot of manure. When covering the hole you dig, you should not return the soil to the hole, instead use manure to fill up the hole.

This will make your plantain crop yield very well.

It is advisable that your plantain is planted in the months that will ensure that you harvest at the lean period.

8. Farm management

You should endeavor to manage your farm well. Obey all the best agronomical practices.

If you do not know how to manage a plantain farm, it is always better you engage an expert.

You should harvest your plantain after 8-11 months depending on the variety.

It is better you harvest your plantain when they are still unripe.

10. Marketing

Start marketing before you even plant.

Go around and ask questions about plantain marketing.

It is also better you plant and harvest during the lean times of the year. The price of a plantain bunch in Nigeria varies as much as 50-100% in Nigeria.

If you can, avoid selling your plantain in local markets. Do not sell through middlemen as they are likely to cheat you.

Selling processed plantain products will make you more profit.

Strategies to use to make money from plantain farming in Nigeria

To maximize your profit from plantain farming in Nigeria, you need to implement the below strategies:

a) Proper irrigation

Never listen to those who say you do not need irrigation for plantain farming in Nigeria. Using irrigation especially drip irrigation can increase your yield significantly.

Plantain plants need a lot of water all year round. Do not reply on rainfall alone.

Get a drip irrigation system installed on your farm.

b) Fertilisation

A lot of the fertilisers sold in Nigeria is sub-standard but the media will not report it. I have tested a lot of fertilizers and the results came out as a shock.

Patronise credible companies only when you want to buy fertilizers.

Also practise fertigation. As explained earlier, fertigation is the passing of fertiliser or nutrients to your plants with the use of venture injector or dosing pump.

A venture injector is connected to the drip irrigation system.

c) The use of microbial innoculants

Introducing beneficial microbes to your soil will positively impact the yield of your crops.

There are good microbial inoculants and humates you can use for plantain farming.

Humates like King Humus acts as a food for microbes. The humates help in the rapid multiplication of beneficial microbes. It also increases the Ph of the soil and makes the soil healthier.

d) Use of good pesticides and inputs

The use of good pesticides like fungicides and insecticides will make your farm disease and pest free.

Check the expiry date of pesticides before you buy them. Also make sure you buy from credible sellers.

e) Process your harvested plantain

Plantain processors make more money than those engaged in plantain farming in Nigeria.

You can process plantain to the following products:

• Plantain flour (Amala)
• Plantain chips
• Plantain porridge etc

FAQ on Plantain Farming

1) Question: How profitable is plantain farming?

Answer: Plantain farming can be very profitable. It is not uncommon to see plantain farmers making millions of naira as profit in Nigeria. A one hectare plantain farm can return a profit of over N1 million if well managed.

2) Question: How long does plantain take to grow?

Answer: Plantain takes 7 – 9 months to fruit. You can start harvesting the plantain bunches from the plantain trees after 9 months. Some varieties may take a little more than 9 months to reach the harvest stage. Ripening of the plantains usually take 1 – 2 weeks after full maturity of the plantains.

3) Question: How many plantain trees can you get per acre?

Answer: 500 – 1200 plantain trees can be planted on one acre of land depending on the crop spacing you use. Drip irrigated farmlands can take more plantain trees than those without drip irrigation system.

4) Question: What is the best time to plant plantain?

Answer: the best time to plant plantain in Nigeria is the rainy season as there is abundance of water. The humidity level during the rainy season also positively impacts the planting of plantain.

5) Question: How many times do you harvest plantain in a year?

Answer: Plantains can be harvested 1 – 2 times in a year. In the first year of planting, plantain can only be harvested once in a year.

6) Question: How can you set up a plantain plantation business?

Answer: You need a suitable and fertile farmland, plantain suckers, manure, fertilizers, labour, tropical climatic conditions and well ploughed farmland in order to set up a plantain plantation business.

7) Question: Where can I sell plantain in Nigeria?

Answer: Plantain can be sold in the open markets like Mile 12 market, Lagos, Nigeria. You can sell plantains anywhere in Nigeria. You can also sell to hotels and supermarkets.

8) Question: Which fertilizer is best for plantain?

Answer: NPK fertilizers, potassium nitrate, calcium nitrate and chelates etc. are the best fertilizers for plantain. Plantain is a potassium hungry crop so it loves fertilizers rich in potassium.

9) Question: What climate do plantains grow in?

Answer: Plantains prefer tropical and humid climatic conditions.

Plantain farming is one of the most profitable farming ventures in Nigeria; you can make good profit from it.

Ayo Akinfolarin

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PLANTAIN FARMING BUSINESS PLAN WITH FINANCIALS

Looking for a plantain farming   Business plan in Nigeria for your new or existing enterprise?

Download this plantain plantation   Business plan sample, which you can download to present to NIRSAL, BOI, BOA, and other investors.

PLANTAIN PLANTATION BUSINESS PLAN SAMPLE

1.0. Executive Summary

Harmony Farms is a commercial plantain plantation located on the outskirt of Ilorin, Kwara State. With the detailed market research and feasibility studies done, we have obtained a well–situated and fitting farmland to start the kind of commercial plantain business we intend.

Our commercial plantain farm is a standard farm that will be involved in commercial plantain cultivation, processing, and packaging through organic and non – organic commercial plantain farming.

At Harmony Farms, Plans have been put in place to help run a standard plantain processing plant within the first five years of the official launch. We will ensure that we flood both the Nigerian market and other countries in the world with our processed and package plantain chips.

To fit into the picture of the 21st-century commercial plantain farm workforce we want to build, we have obtained the required farmland, farming equipment and machines. We have also employed a few staff who are currently undergoing training.

Harmony Farms is well-positioned to become one of the leading commercial plantain brands in Nigeria, which is why we have been able to source the best hands and pieces of machinery to run the farm.

Harmony Farms is owned and managed by Mr Oregbemu Harmony and his immediate family members. The farm cum business will be financed by Mr Oregbemu Harmony and his family. Before setting up Harmony Farms, Mr Oregbemu Harmony has worked with a few leading commercial farms and food processing plants in Nigeria; he has a degree (B.Sc.) in Agriculture Science from the University of Ilorin.

2.0. Our Products and Services

Harmony Farms is a standard commercial farm that is committed to cultivating both organic and non – organic plantain (processed and packaged plantain chips) for both the Nigerian and the global market entirely.

We are in this line of business to make profits, and we will ensure we achieve our business goals and objectives. These are the major areas we will focus on in our commercial plantain farm. If the need emerges we will cultivate related crops;

• Cultivation of plantains (organic and non – organic)
• Standard Food Processing Plant (Plantain chips production and packaging)

3.0. Our Mission and Vision Statement

• Our Vision is to become one of the leading commercial plantain farms and plantain processing and packing brand in Nigeria.
• Harmony Farms is a world-class commercial plantain farm that cultivates plantains in commercial quantities both organic and non – organic and processed plantain chips for the Nigerian market and the international market.

4.0. Our Business Structure

Harmony Farms is a commercial plantain farm that intends to start small in Ilorin but hopes to grow big to compete favorably with leading commercial plantain farms in the commercial farming industry both in the Nigeria market and the world market. We are aware of the importance of building a solid business structure that can support the kind of world-class business we have in mind.

At Harmony Farms, we will ensure that we hire people that are qualified, hardworking, dedicated, customer-centric, and are ready to work to help build a prosperous business.

Given the above, Harmony Farms have decided to hire qualified and able hands to occupy the following positions;

• Chief Operating Officer
• General Farm Manager
• Administrator/Accountant
• Crop Cultivation Manager/Supervisor
• Sales and Marketing Executive
• Field Employees
• Front Desk Officer

5.0. SWOT ANALYSIS

The fact that we have a sound network with loads of major players in the industry; both suppliers and buyers in Nigeria and all over the world stands as our core strength.

Aside from our relationship with key players in the industry, We have the latest commercial farming machines, tools and plantain processing equipment that will help us cultivate plantain in commercial quantities with less stress. we can confidently boast that we have some of the most experienced hands in town on our payroll.

Our weakness could be that we are a new commercial plantain farm in Nigeria, and perhaps the fact that we decided to diversify our farming activities could count against us initially. based on our projection, we will overcome this weakness with time and turn it into a major advantage for the business.

Opportunities

There are countless opportunities available to us; we know that there are quantities of individuals who consume both organic and non – organic plantains in different forms both in Nigeria and other parts of the world. We will ensure that we maximize the opportunities available to commercial plantain farmers.

Want to get the complete plantain farming Business plan sample, which you can download to present to NIRSAL, BOI, BOA, and other investors.

How To Download Plantain Plantation Business plan Template PDF and Doc (With financial analysis)

Pay the sum of  N5000  ( Five thousand naira only)  to the account detail below: Bank: GTBank Name: Oyewole Abidemi (I am putting my name and not our company account so you know I am real and you can trust me, and trace me) Ac/No: 0238933625 Type: Saving

P.S: We can also tailor the plantain farming  Business plan to your name,  business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for inquiries.

Dr. Abi Demi is a skilled technical writer and author with specialties in the martech and fintech space. Featured on Tekedia, Coin Review, Business Insider, Fintechna, Cryptocoin.news, Date 360 and several other sterling online publications, Demi is an astute technical writer that specializes in finance, marketing and technology - with over 500 published pieces across the internet ecosystem. Contact Abi Demi - [email protected]

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How to start plantain farming business in Nigeria

• Updated March 19, 2024
• Read Time 5 mins

Plantain is a popular food in Nigeria . It can be eaten raw, boiled or fried. Plantain can also be made into plantain chips. This is a very popular snack in Nigeria. Plantain is also processed into flour. Plantain farming business in Nigeria is very profitable, and requires lesser capital to set up compared to other farming businesses in Nigeria .

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How to Start Plantain Farming Business

Follow these steps to start plantain farming

1. Write a business plan

Before you start your plantain farming business in Nigeria, you have to write down a business plan . A business plan helps you decide the direction to take in your farming business, and helps you answer the following questions;

• How much do you need to start your plantain farming business?
• How much profit can you gain from your plantain farming business?
• What farming equipment do you need to start a plantain farming business?

A business plan will really help your plantain farming business grow.

2. Get capital

You need enough capital to start a plantain farming business. However, the plantain farming business in Nigeria is low a cost business and is not as expensive as you might think. You can raise capital through saving or loans .

3. Acquire farmland

To start your plantain farming business in Nigeria, you have to acquire farmland. You can either buy or lease farmland. This largely depends on how much you can afford for farmland. However, make sure the farmland has loamy soil.

4. Prepare the land

After buying or leasing your farmland for your plantain farming business in Nigeria, you have to prepare the land for cultivation. You should;

• Clear the land of bushes, stones and stumps
• Till the land
• Apply manure to improve land fertility

You should not clear all the trees on the farmland. This is for the purpose of protecting the plantain plants from excessive sunlight.

5. Buy and plant plantain suckers

After land preparation, it is time to buy the plantain suckers which you will plant on the farmland. A plantain plant is not a tree but a type of herb; it cannot be grown from seeds. Plantain plants are grown through suckers. Suckers grow from a dying, mature plantain plant that can be transplanted and re-grown. Suckers are outgrowths (shoots) which develop from the bud at the base or corm of the mother plantain plant.

Plantain suckers have short and narrow leaves which are spear shaped leaves and are about four feet high. Make sure when buying your plantain suckers, such suckers are chosen from plants that are vigorous. Only buy your plantain suckers from trustworthy plantain farmers that can sell healthy plantain suckers to you that are disease free and also free from pest damage.

There are three major varieties of plantain suckers;

• Water suckers
• Sword sucker

They all have their pros and cons. It is not advisable you use water suckers because they are not so ideal to use for plantain farming business. It is preferable you buy and plant maidenhead or sword suckers. This is because these maidenhead or sword plantain suckers are highly resistant to pest attack, produce strong fruits and are highly fruitful.

When buying plantain suckers from plantain farmers, make sure you buy in bulk so you can buy the suckers at discounted prices. When you buy healthy suckers when starting your plantain farm at the very beginning, these plantain suckers will serve you for many years. Also, if you need more plantain suckers in the future, you can easily get the plantain suckers from your plantain farm.

When planting plantain suckers, it is important to note that there is a corm at the bottom of each mature plantain tree. Therefore, when transplanting a plantain sucker, you should cut downwards so as to get as much corm and root as possible.

Plant these plantain suckers. Then, cut the plantain sucker to aid evaporation. Make sure there is two to five meters between each of the planted plantain suckers. When your plantain suckers are still at the early stages of growing, make sure they are kept moist at all times but are not too wet. This is because they don’t have leaves which can evaporate the water.

However, plantain plants grow best when in bunches because they protect each other from the harsh sunlight rays. The plantain plants should be sheltered by other trees as well.

6. Apply fertilizer and clear weeds

After planting your plantain suckers and they are in the early stages of growth, it is time to apply fertilizer. This ensures that the plantain plants are provided with the necessary nutrients they need to grow. You can also throw the dead leaves from the plantain plants back into the soil so as to maintain the rich quality of the soil. Make sure the fertilizer you use is an NPK fertilizer.

You should also weed consistently to make sure your plantain plants grow well. This is important for the maturity and growth of your plantain plants. You don’t want weeds taking over your plantain farm.

7. Harvest plantains

When your plantains are fully grown, it is time to harvest them. However, before harvesting, you should have started looking for customers for your plantains. When harvesting, you can employ the services of farm labourers to assist you so as to make the work easier and faster. You can then store your plantains or load them in trucks to supply your customers.

8. Market and sell your plantains

For you to sell as many plantains as possible, you should market your plantains to as many prospective customers as you can. You should note that if plantains are not stored properly or sold on time, they can spoil really easily and all your efforts will go to waste. You want to avoid this and sell your plantains as quickly as possible. There are many customers who will buy your plantains such as;

• Market women
• Restaurants
• Makers of plantain chips

The plantain farming business in Nigeria is a business opportunity you should definitely look into. It is a very profitable business and  has low risk and requires low investment , which too many Nigerians are not really looking into.

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That’s a well detailed business guide.

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Plantain Farming in Nigeria: How to Start Plantain Plantation Business

If you’re planning to start a plantain farming or plantation business in Nigeria, then you’re on the right page. Here, you’ll learn all you need to know to get started.

One of the few agricultural ventures that can be described as a true investment is plantain farming. Plantain farming is one of those ‘fit for all’ businesses that could be run successfully with little attention once it is established.

We have all consumed plantain in one form or the other.  Actually plantain provides more than 25% of the carbohydrate requirement for about 80million Africans. This singular fact makes plantains a part of the top ten staples that feed the world and the plantain farming business a very lucrative one.

Let us delve more into this plantain farming business and explore the potentials thereof.

The Demand and Market for Plantain

Nigeria is not known worldwide for the production of plantain not because we do not produce enough plantain but because the plantain we produce does not satisfy the country’s domestic demands so we can’t even consider exporting plantain.

The demand for plantain is so high because it is consumed in different forms by different people and it is also used as raw materials. Plantain is used in making plantain flour. Plantain can be eaten boiled or roasted. They can be fried and eaten alongside with rice or beans. They could also be processed into plantain chips, popularly called ‘kpekere’.

Now that we have established the demand for plantain, your entrepreneurial mind may already be jumping in the excitement of discovering such an opportunity but here is the real shocker: Nigeria produces about 2.8 million metric tons of plantain annually and almost all are consumed locally so if a bunch of plantain costs N1000 the market size should be roughly N450 billion- assuming that a bunch of plantain is 10kg. I am not very good in mathematics so I stand to be corrected but what this means is that in a year people spend about N450 billion buying and selling plantain.

Wow! I forgive you if your entrepreneurial mind wants to explode. I think you should let it explode you into action. Just make sure you read on to find out how you can start your own plantain farming business and begin to tap into this huge market.

What you need to begin a plantain plantation business

We all know that you need land for growing any type of plant but what I want to emphasize here is that you need a particular type of land. Plantain grows best in Tropical regions. If you are serious about plantain farming as a business, then you will need to acquire a fairly large land, say a hectare or two. The land should preferably be a virgin land but if that is not possible, you can revitalize a used land by using manure and compost fertilizers. Another thing to consider when acquiring a land for plantain farming is the water retaining capability of these lands. You need a land that drains well as young plantain plants don’t do well in wet conditions. In preparing your land for plantain farming, you have to put into considering the PH value of the land. You have to treat for pests and do some pre-planting improvements.

Plantain seeds (suckers)  The Plantain plant is not a tree in the real sense of the word. Plantains cannot be propagated from seeds like other trees. It is an herb and like most herbs it is propagated through asexual methods. The element for plantain propagation is called sucker. Acquiring the plantain sucker will be the very first challenge you may have to face. Experts advice that you visit reputable plantations with vigorous plants and purchase suckers from them. When purchasing look for suckers with small, spear shaped leaves and are about one foot high. Suckers are normally priced around N180.

When planting the suckers you just acquire, your holes should be spaced by at least a couple of meters. This will ensure that the plantain trees will not compete between themselves. Also there is a need to remove all types of weed and grass that can compete with these suckers before you begin planting, according to Oxleas Tree Surgeons (or just use tree lopping in Perth ) . You may use herbicides to prevent the re-growth of these weeds. Remember, that soil need to be only slightly moist.

The plantain plant is very easy to take care of. But the process of taking care of the plant will be responsible for about half of the work and expenses in your plantain plantation business. Like every other plant, the plantain plant cannot do well amidst weed. So strict weed control should be put in place. Protect the plant from strong wind and provide it with water. As far as fertilizer go, the dead plantain leaves that falls off can maintain soil quality but if you want to apply synthetic fertilizer, then a very balanced one with Nitrogen, phosphorous and potassium should be used. Please never use urea for your plants.

How much do you require to start and run a plantain farm till harvest?

The answer to this question pretty much depends on the size of your farm and the nature of your health. If you are going to be involved in the weeding, fertilizer application and other farm activities, you will greatly reduce the cost.

As a quick approximation I will say that half a million naira i.e. N500,000 will be enough to start and run a plantain plantation till harvest. This approximation assumes that you will involve yourself with the farm work even when you hire laborers.

Are there other things you should know?

• Plantain farming is really lucrative. If you can plant a hectare of plantain, you will get your money back in your first harvest
• Once established, your plantain farm will give you money every week as different trees will become ready for harvest at different times.
• Shelu Abu, a Managing Director at Shelu Farms in Ikorodu once told news men that “even if you spent N1,000 setting up a plantain farm, I can assure you that within a year and six months, you will make N4,000”.

Yet, these plantain trees will continue to give you money for at least three to five years. Now that is a true investment!

Let us know what you think and your experiences with plantain farming in the comments. We love to interact!

59 thoughts on “Plantain Farming in Nigeria: How to Start Plantain Plantation Business”

l want to start the business and I would like to know how many suckers could be planted in one plot of land?

How do you guard against thieves?

Any plantain disease?

What do you do to minimize wind?

I am interested in starting this plantain farm too. I need a thorough heads-up from you pls You can reach me on 08036490858

For ur quality planting materials; Hybrid plantain/banana sucker,cassava stems( white/yellow rooted),avocado seedlings, dwarf pawpaw seeds,sweet pineapple sucker,cashew seedlings, citrus seedlings/grafted/budded and other planting materials of ur choice. For ordering call/WhatsApp:08133354055 @ SARAB Agroconsult; we are always available for u ooooo

Let’s help you set up, manage your plantain farm and help you sell your plantain. Multi-cultured Suckers are available in large quantities. You can reach us @ 08134730867. AT ANY PART OF THE COUNTRY.

We can also assist you with your palm tree plantation, oil palm procession and sales of oil palm seedlings

We can also assist you with palm plantation, oil palm processing and sales of HyBRID palm seedlings.

We can also assist you with palm plantation, oil palm processing and sales of HYBRID palm seedlings. contact on 08134730867

need assistance on how to start this business and where to get good suckers.

how can i get plantain sucker im leaving jos cous im to start this business

you can contact us on 08134730867

who has suckers in ph should contact me on 07034404310

Pls who has plaintain suckers 4 sales in Port Harcourt. I want 2 buy. Contact me on 08034527011

Who has plantain suckers for sales in port-harcourt. I want 2 buy. Contact me on 08034527011

am about to start this business, please how can you help me out. thanks am Akinyemi O A.

I intended starting plantain Farm soon,1hectre

Hi good job sir i started my in august 2016.and the plantain are doing well in mgbidi imo state thanks

sir, good day….I am planing to start in Izombe. Can you help please. I need assistance with picking the suckers and informatio9n on how to start.

contact me forb serious buyer, hybrid plantain sucker and cassava stem(08133354055)

If truly you need the sucker,you can cöntact me on 08160124797 or 08159956075.tnkxx

Thanks for the knowledge you shared , this has reallygiven me a great knowledge of how to start mine . Please can you tell me how many suckers can be planted in 5 acres of land? Thanks

God bless you for sharing this educative write up on plantain plantation. I will like to know what happens after 3 to 5years of making money from the plantation as you mentioned in the write up, will it stop producing plantain or what?

Thank you sir for this writeup it’s very educative, I am actually thinking of what type of farming to start with, I have been looking into cocoa and rice, but I think I will start with any of these plantain and cocoa farm. Well done sir

i find this very helpful thanks for the write up. i just acquire a plot of land in Ogun state and i want to go into plantain farming. please how many sucker do i need for a full plot of land.

I have about 300feet by 150feet of land though some area waterlogged can i still use it for d plantain plantation business?

That is a very good write up on plantain plantation. I didn’t take note of your name please. Chuks Increase is my name, I can be of help to manage a plantain plantation. Am located in Lagos state. Tel no / whatsapp no 08023309486. Once more good work on the write up and thanks. Wishing you all,all the best.

I’m an expert in bud suckers production. Hybrid plantain suckers are readily available at cheap prices, contact James on 081367 for booking or whatsApp

We have tissue cultured hybrid suckers in ogbomoso,Oyo state 08164628081,08092034147

i have a plot of land not fenced in an oil reach area, can i use it for plantain or vegetables planting?

To have more knowledge on Plantain farming.

how do i get 20,000 hybrid sucker and if i may ask how many Hactres of land will i use for planting 20,000 hybrid sucker

suckers are available for sale at a very cheap price I’m in iwo-Ifeodan, Osun State contact me If you are interested: 09086460842 Reply

Are they treated?

Plantain suckers are available and as many as you want…i reside in mile12 of lagos state.08160124797 or 08159956075

suckers salers pls contact me: 07010207478. Femi

please, anyone that want to sell plantain and sweet potatoes, kindly contact me on 08039571971.

please I need who can supply me large quantities of plantain and sweet potatoes. My contact number is +2348039571971, EMAIL: [email protected] . My name is Daniel.

hybrid Plantain sucker for sale like 5000 get in touch if you are interested. cal 08154444111

Pls how much do you sell per sucker and which part of the country are you based

plantain farming is profiting today you might not know about tomorrow. Start small and end great. To get your pure hybrid suckers at a cheaper rate from 1000 suckers upward and below contact 08147125930, 07055701030. A trial will convince you. we are based in ogbomoso and iwo. price is 100 naira but negotiable depending on the rate of suckers needed.

Thanks a lot for your elaborate enlightenment, a nice agrobusiness, pls i need contact on how to buy the suckers.

Sir,how can we locate or contact you.

Writer, thanks for ur input can u tell us where I push of platain sold for 1500, go to Oje that is where majority of platain farmer sold there product and its 600 per bunch, if it’s platain flower people,it’s 50 per killo.

pls i also want a detailed business plan for plantain plantation and fish farming

You can get trained in starting a profitable plantain business.

How often does it require irrigation. I live in south-south Nigeria.

How do i get the suckers

How do I get sucker

Thanks for this insightful knowledge. I just started my plantain plantation at Cross River state unfortunately there are no options on this site with which I could upload some pictures. Finally, I want to say that I am just 23 years old and currently in 400L in Sch… If I can do it…What’s ur excuse???

Mr. Johnnie Walker pls kindly inbox me your personal contact I reside in Uyo. @07063218406

Sir, thank you for this great write up on plantain plantation. please I have half a plot of land some where on Ogum state. can the land be enough at least for a start.

Sir, Thank you for taking time to put this up. I’ve been considering a few agricultural items to go into but seem to have lots of unanswered questions on my mind. Ranging from associated risks and problems which sometimes articles ignore. Knowing these, i believe, will boost one’s confidence and prepare one’s mind. For instance, how does one tackle the problem of theft of farm produce by the locals. Thank you.

I am dying to go into plantain farming. Where around Delta state can I get practical training pls.

wow! please i have been working on this for some time now, is there some one that can tell if a land is good for plantain or not in the south-west. oyo precisely.. thanks

Good evening sir. After going through your articles on plantain farming. It was very exciting to be a plantain farmer. So sir I have some piece of land in my community in Delta State. Presently now I have no capital to start. I have been nursing this dream of mine sir. The land is just there doing nothing for me.

I have a good amount of land at my disposal .please contact for business advice or even partnership. 2k acres (at least)

Where is the land located?

I’m interested in your land. Please, where is it located

Ianre i have a 13 hectares of plantain plantation in Edo state with 2000 plantain heads for 16 years old

Hello Rowland, my name is Emmanuel. I have longed to find someone in Edo State who would mentor me in this business. How can I reach you please? My number is 07087896252. Thank you.

contact me at enyidave10 @gmail.com I need those who will supplying to me in large quantities 09065749772

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Plantain Farming Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Agriculture Sector

Are you about starting a plantain farming business? If YES, here is a complete sample plantain farming business plan template & feasibility report you can use for FREE .

Okay, so we have considered all the requirements for starting a plantain farming business. We also took it further by analyzing and drafting a sample plantain farming marketing plan template backed up by actionable guerrilla marketing ideas for plantain farms. So let’s proceed to the business planning section.

Plantain is one very tasty food you can have. It can be had as a snack, or as a meal. Many people all over the world are in love with plantain and this is because of its taste.

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Furthermore, there are more and more people who are delving into plantain related businesses.  These people know the importance of being able to give their clients the very things that they wish for.

One of the businesses that revolve around the plantain business is the commercial plantain farming business. This is a very lucrative business that has produced millions of people over the years. One of the very vital things that you have got to have in mind in this trade is that you will have to learn the ropes.

Learning the ropes means that you have to be sure that you acquire all the knowledge that would be needed to succeed in this trade. You will also have to write a business plan as you forge along in the business. Here below is a sample Commercial plantain farming business.

A Sample Plantain Farming Business Plan Template

1. industry overview.

The agricultural industry of which commercial plantain farming is a subset of is no doubt amongst the leading industries in most countries of the world; it is the industry that produces food for the populace and of course raw materials for industries.

Because of the significant role the agriculture sector plays, the government of most countries ensures that they go all the way to subsidize seedlings, fertilizers, and farming implements and machinery for farmers and also encourage entrepreneurs to go into commercial farming.

Commercial plantain farming is indeed one of many businesses that an entrepreneur who is interested in going into commercial farming can major in. As a matter of fact, there are several plantain plantations scattered all around South American and coastal states in the united states of America. This is so because plantain easily grows and thrives pretty well in water – logged areas.

Statistics has it that farming (most especially commercial farming) of which plantain farming is a part of employs more than 24 million American workers ( which is roughly 17 percent of the total workforce in the United States ). For example, in 2006, the average American commercial farmer grew enough food for about 144 other people and also in 1940, the average farmer grew food for about 19 other people (which was close to enough food).

Records has it that in 2007, just 187,816 of the 2.2 million farms in the United States of America accounted for 63% of sales of agricultural products, marking a trend toward the concentration in agricultural production. Agricultural efficiency has increased over the past century from 27.5 acres/worker in 1890 to 740 acres/worker in 1990.

As a matter of fact, with the recent advancement in technology, farmers can now comfortably grow crops such as plantain in a country where such crops can hardly survive and in places where there are few farming land, people can make use of the rooftop (basement) of their houses to cultivate plantain even for commercial purposes.

One thing is certain when it comes to commercial plantain farming, if you are able to conduct your market research and feasibility studies before choosing a location for cultivating your plantain, you are more likely not going to struggle to grow the plantain and also to sell your plantain because there are always food processing companies and consumers out there who are ready to buy from you.

Lastly, with commercial plantain farming it will pay you not to only cultivate plantain and sell them for consumption in farm markets to retailers and consumers.

You can as well start a complimentary business like plantain processing plant; producing and packaging plantain chips et al. The bottom line is that if you have enough farming land (space) and you are interested in maximizing commercial plantain farming, you are sure going to make huge profits from the business.

2. Executive Summary

JB Michaels Commercial Farms, LLC is a world class and registered commercial farm that will be based in the outskirt of Tallahassee, Florida – United States. We have done our detailed market research and feasibility studies and we were able to secure a well – situated and suitable farm land to start our commercial plantain farming.

Our commercial plantain farming is a going to be standard commercial plantain farm hence will be involved in both commercial plantain cultivation and plantain processing and packaging of plantain. We will be involved in both organic commercial plantain farming and non – organic commercial plantain farming.

We have put plans in place that will help us launch a standard and world – class plantain processing plant within the first three years of officially running JB Michaels Commercial Farms, LLC. We will process and package plantain chips and ensure that they flood the market both in the United States and in other countries of the world; we want to compete with the best in the industry.

Which is why aside from the fact that we’ve secured the required farming land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to be able to fit into the ideal picture of the 21 st century commercial plantain farm workforce that we want to build.

We are in the commercial plantain farming business because we want to leverage on the vast opportunities available in the commercial farming industry, to contribute our quota in growing the U.S. economy, in national food production, raw materials production for industries, to export agriculture produce from the United States to other countries and over and above to make profit.

JB Michaels Commercial Farms, LLC is well positioned to become one of the leading commercial plantain farms in the United States of America, which is why we have been able to source for the best hands and farm machineries to run the farm with.

We have put process and strategies in place that will help us employ best practices when it comes to commercial plantain farming processes and plantain processing and packaging as required by the regulating bodies in the United States of America.

JB Michaels Commercial Farms, LLC is a family business that is owned by Mr. Joseph Ben Michaels and his immediate family members. The farm cum business will be fully and single handedly financed by Joseph Ben Michaels and his immediate family members.

Before starting JB Michaels Commercial Farms, LLC, Joseph Ben Michaels has worked with some of the leading commercial farms and food processing plants in the United States of America; he has a degree (B.Sc.) in Agriculture Science from University of California.

3. Our Products and Services

JB Michaels Commercial Farms, LLC is a world class commercial farm that is committed to cultivating both organic and non – organic plantain for both the United States’ market and the global market (processed and packaged plantain chips).

We are in business to produce both food and raw materials for people and industries in commercial quantities. We will also ensure that we operate a standard plantain processing and packaging plant as part of our complimentary business.

We are in this line of business to make profits, and we will ensure that we do all that is allowed by the law of the United States of America to achieve our business goals and objectives. These are the areas we will concentrate on in our commercial plantain farms. If need arises we will definitely cultivate related crops;

• Cultivation of plantains (organic and non – organic)
• Standard Food Processing Plant (Plantain chips production and packaging)

4. Our Mission and Vision Statement

• Our Vision is to become one of the leading commercial plantain farms and plantain processing and packing brand not just in the United States of America but also on the global stage.
• JB Michaels Commercial Farms, LLC is a world class commercial plantain farms that is in business to cultivate plantains in commercial quantities both organic and non – organic and processed plantain chips for both the United States market and the international market. We want our well – packaged plantain chips to flood every nooks and crannies of the United States and other countries of the world.

Our Business Structure

JB Michaels Commercial Farms, LLC is a commercial plantain farm that intends starting small in Tallahassee – Florida, but hope to grow big in order to compete favorably with leading commercial plantain farms in the commercial farming industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands in and around Florida.

At JB Michaels Commercial Farms, LLC, we will ensure that we hire people that are qualified, hardworking, dedicated, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the management of the farm. In view of the above, JB Michaels Commercial Farms, LLC have decided to hire qualified and competent hands to occupy the following positions;

• Chief Operating Officer

General Farm Manager

Administrator/Accountant

Crop Cultivation Manager/Supervisor

• Sales and Marketing Executive
• Field Employees
• Front Desk Officer

5. Job Roles and Responsibilities

Chief Operating Officer:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Responsible for the planning, management and coordinating all farm activities across the various sections on behalf of the organization
• Supervises other section managers (plantain cultivation manager and plantain chips production manager)
• Ensures compliance during project executions
• Provides advice on the management of farming activities across all section
• Responsible for carrying out risk assessment
• Using IT systems and software to keep track of people and progress of the growth of crops, fishes, birds and animals
• Responsible for overseeing the accounting, costing and sale of farm produce after harvest
• Represent the organization’s interest at various stakeholders meetings
• Ensures that farming goals desired result are achieved, the most efficient resources (manpower, equipment, tools and chemicals et al) are utilized and different interests involved are satisfied. Responsible for preparing financial reports, budgets, and financial statements for the organization
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Handles all financial transactions for the company
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Oversees the smooth running of the daily farming activities across the various farming sections.
• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Responsible for financial forecasting and risks analysis.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Serves as internal auditor for the company
• Responsible for managing the plantain cultivation section of the commercial plantain farm
• Supervises other workers within the department
• Work closely with the General Manager to achieve the organizations’ goals and objectives

Plantain Chips Production Manager/Supervisor

• Responsible for managing the plantain chips production section of the commercial farm
• Works closely with the General Manager to achieve the organizations’ goals and objectives

Sales and Marketing Officer

• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of relevant projects.
• Writes winning proposal documents, negotiate fees and rates in line with company policy
• Responsible for handling business research, marker surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Document all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company

Field Workers/Contract Staff

• Responsible for preparing farm lands for plantain cultivations
• Responsible for watering the plantain crop
• Weeding or fertilizer and/or pest control application
• Handles farm implements and machines as instructed by the section manager / supervisor
• Assist in handling the harvest of plantains
• Carries out task in line with the stated job description
• Assist in transport working tools and equipment from the farm and back to the designated store room
• Handles any other duties as assigned my the line manager

Client Service Executive/Front Desk Officer

• Welcomes guests and clients to the farm by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the manager in an effective and timely manner
• Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
• Receives parcels / documents for JB Michaels Commercial Farms, LCC
• Distributes mails in JB Michaels Commercial Farms, LCC

6. SWOT Analysis

JB Michaels Commercial Farms, LLC do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis.

We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard commercial plantain farm that will favorably compete with leading commercial plantain farms in the United States of America and in the rest part of the world.

As a world – class commercial plantain farms and plantain processing company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of JB Michaels Commercial Farms, LLC;

Our strength as a commercial plantain farm is the fact that we have healthy relationships with loads of major players (agriculture merchants who deal in plantains) in the commercial farms industry; both suppliers and buyers within and outside of the United States.

We have some of the latest commercial farming machines, tools and plantain processing equipment that will help us cultivate plantains in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Tallahassee – Florida in our payroll.

Our weakness could be that we are a new commercial plantain farms in the United States, and perhaps the fact that we decided to diversify our farming activities could count against us initial. We are aware of this and from our projection will overcome this weakness with time and turn it to a major advantage for the business.

• Opportunities:

The opportunities that are available to us cannot be quantified; we know that there are loads of individuals who consume both organic and non – organic plantains in different forms both in the United States of America and other parts of the world. We will ensure that we maximize the opportunities available to commercial plantain farmers.

Some of the threats and challenges that we are likely going to face when we start our own commercial plantain farm are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), unfavorable government policies and the arrival of a competitor (a commercial farm that cultivates same crops) as our farms within same location.

There is hardly anything you can do as regards this threats and challenges other than to be optimistic that things will continue to work for your good.

7. MARKET ANALYSIS

• Market Trends

One of the common trends in the commercial plantain farming line of business is that most players in the industry are no longer concentrating only on non – organic plantain farming. They now find it easier to run both organic plantain cultivation and non – organic plantain cultivation.

It is fact that despite that organic food are expensive, the sale for organic food is on the increase and it is indeed profitable.

Despite the fact that commercial plantain farming has been in existence since time immemorial, which does not in any way make the industry to be over saturated; commercial plantain farmers are exploring new technology to continue to improve the cultivation processes and also plantain preservation and processing processes; mechanized farming has indeed increased the tons of food produced by farmers.

The fact that there is always a ready market for plantains makes the business highly thriving and profitable. Lastly, it is a common trend to find standard commercial plantain farmers run a plantain processing business alongside their farm.

It is a means of maximizing profits in the business. Beside plantains has a short – shelve lifespan hence it is ideal to processes them into plantain chips that can easily be well – packaged and shipped to other countries of the world with ease.

8. Our Target Market

It is a known fact that the target market of those who are the end consumer of plantain in any form and also those who benefits from the business value chain of commercial plantain farming is all encompassing; it is far – reaching. Almost every household consumes plantain.

In essence a commercial plantain farmer should be able to sell his or her farm produce to as many people as possible including hotels, restaurants and dormitories et al.

We will ensure that we position our business to attract consumers of plantain not just in the United States of America alone but also other parts of the world which is why we will be exporting some of our farm produce either in raw form or processed form to other countries of the world.

Our Competitive Advantage

The truth is that, It is easier to find entrepreneur flocking towards an industry that is known to generate consistent income which is why there are more commercial farmers in the United States of America and of course in most parts of the world.

For example, Statistics has it that there were 2.2 million farms in the United States of America, covering an area of 922 million acres. These goes to show that there are appreciable numbers of farmers in the United States of America but that does not mean that there is stiffer competition in the industry.

As a matter of fact, entrepreneurs are encouraged by the government to embrace commercial farming. This is so because part of the success of any nation is her ability to cultivate her own food and also export foods to other nations of the world.

JB Michaels Commercial Farms, LLC is fully aware that there are competitions when it comes to selling commercial farm produce including plantains all over the globe, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States and in other parts of the world.

We have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are effective and reliable plantain farming processes that can help us sell our produce at competitive prices, good network and excellent relationship management.

Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we will operate an all – round standard commercial plantain farms that will be involved in the production of plantain chips i.e. plant processing plant. With this, we will be able to take advantage of all the available opportunities within the industry.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups commercial plantain farms) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

JB Michaels Commercial Farms, LCC is in the commercial farming business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives.

In essence we are not going to rely only on the sale of our farm produce to generate income for the business. Below are the sources we intend exploring to generate income for JB Michaels Commercial Farms, LCC;

10. Sales Forecast

We conducted a thorough market survey and feasibility studies and we were able to discover that the sales generated by a commercial farm depends on the size of the farm, the nature of the commercial farm (whether cattle rearing, poultry farming, fish farming and crops cultivation et al).

We have perfected or sales and marketing strategies and we are set to hit the ground running and we are quite optimistic that we will meet or even surpass our set sales target of generating enough income / profits from the year of operations and build the business from survival to sustainability.

We have been able to critically examine the agriculture industry cum commercial plantain farm line business and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some workable assumptions as well with respect to the nature of commercial plantain farm that we run.

We will be running a standard plantain processing plant with a capacity to export well – branded and packaged plantain chips to other countries of the world. Below are the projections that we were able to come up with for the first three years of running JB Michaels Commercial Farms, LLC;

• First Fiscal Year-:  $150,000
• Second Fiscal Year-:  $300,000
• Third Fiscal Year-:  $500,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), and unfavorable government policies. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

We are quite aware that the reason why some commercial plantain farms hardly make good profits is their inability to sell off their plantain as at when due; plantain gets ripe within a short time after harvest and if they are not sold or processed, they will get spoilt. In view of that, we decided to set up a standard plantain processing plant to help us maximize profits.

Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We want to build a standard and world – class architectural service firm that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).

Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and companies that rely on plantains as their major raw materials. In summary, JB Michaels Commercial Farms, LLC will adopt the following strategies in marketing our commercial plantain farm produce;

• Introduce our business by sending introductory letters alongside our brochure to stake holders in the agriculture industry, plantain merchants, hotels and restaurants and plantain processing plants et al.
• Advertise our business in agriculture and food related magazines and websites
• List our commercial plantain farms on yellow pages ads
• Attend related agriculture and food expos, seminars, and business fairs et al
• Leverage on the internet to promote our business
• Engage in direct marketing
• Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business.

We intend growing our business which is why we have perfected plans to build our brand via every available means. We know that it is important to create strategies that will help us boost our brand awareness and to create a corporate identity for our commercial plantain farm business. 

Below are the platforms you can leverage on to boost our commercial plantain farm brand and to promote and advertise our business;

• Place adverts on both print (newspapers and magazines) and electronic media platforms
• Sponsor relevant community based events / programs
• Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our business
• Install our Bill Boards on strategic locations all around Tallahassee – Florida
• Engage in road show from time to time in targeted neighborhoods
• Distribute our fliers and handbills in target areas
• Contact hotels, restaurants, agriculture produce merchants and residence in our target areas by calling them up and informing them of JB Michaels Commercial Farms, LCC and the farm produce we sell
• List our commercial plantain farms in local directories/yellow pages
• Advertise our commercial plantain farms in our official website and employ strategies that will help us pull traffic to the site.
• Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo et al.

12. Our Pricing Strategy

Some of the factors that will help you sell your plantain at the right price that will guarantee that you make profits is dependent on your strategy while some of the factors are beyond your control.

For example, if the climatic condition is unfavorable and if there are natural disaster in the location where you have your commercial plantain farm, then it will directly affect the harvest of plantain and also the prices of your farm produce.

Over and above, if you want to get the right pricing for your farm produce, then you should ensure that you choose a good location for your commercial farm, choose a good breed / seeds that will guarantee bountiful harvest, cut the cost of running your farm to the barest minimum.

And of course try as much as possible to attract buyers to your farm as against taking your farm produce to the market to source for buyers; with this, you would have successfully eliminate the cost of transporting your harvest to the market and other logistics.

We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for all our plantain is to sell them at competitive prices hence we will do all we can to ensure that the prices of our plantains are going to be what other commercial plantain farmers would look towards beating.

One thing is certain, the nature of commercial farming makes it possible for farmers to place prices for their farm produce based on their discretion without following the benchmark in the industry. The truth is that it is one of the means of avoiding running into loss. The easier you sell off your harvested plantain the better for your business.

• Payment Options

The payment policy adopted by JB Michaels Commercial Farms, LCC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that JB Michaels Commercial Farms, LCC will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via online bank transfer
• Payment via check
• Payment via mobile money transfer
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part.

Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our plantains and processed plantains (well – branded and packaged plantain chips).

13. Startup Expenditure (Budget)

When it comes to calculating the cost of starting a commercial plantain farm with plantain processing plant, there are some key factors that should serve as a guide. Factor such as the capacity of plantain processing plant you want to own and the size of the commercial plantain farm.

Besides, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to start a world – class commercial farm, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your farm is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a commercial plantain farm; it might differ in other countries due to the value of their money. Below are some of the basic areas we will spend our start – up capital in setting up our architectural services firm;

• The Total Fee for incorporating the Business in United States of America – $750.
• The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400
• The amount needed to acquire/lease a farm land  – $50,000
• The amount required for preparing the farm land – $70,000
• The cost for acquiring the required working tools and equipment / machines / fencing et al– $10,000
• The amount required for purchase of the first set of plantain seedlings et al – $50,000
• The amount required to set up a standard plantain processing plant within the farm facility – $ 100,000
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000
• The Cost of Launching an official Website – $600
• The amount required for payment of workers for a period of 3 months – $100,000
• Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000

Going by the report from detailed research and feasibility studies conducted, we will need an average of $500,000 to start a standard commercial plantain farming with plantain processing plant business in the United States of America. These are some of the equipment that we would need to fully launch our commercial plantain farm,

• Soil cultivator
• Harrow (e.g. Spike harrow, Drag harrow, Disk harrow)
• Stone/Rock/Debris removal implement (e.g. Destoner, Rock windrower/rock rake, Stone picker/picker)
• Broadcast seeder (alternatively: broadcast spreader, fertilizer spreader, or Air seeder)
• Plastic mulch layer
• Transplanter
• Sprinkler system irrigation
• Wheel Barrow

Basically, the nature of commercial plantain farms does not require an office space; most people that run commercial farms operate directly from their farms. But we have decide to open a small liaison office; a place where administrative jobs will be carried out on behalf of the business.

Generating Funding/Startup Capital for JB Michaels Commercial Farms, LLC

No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality.

Finance is a very important factor when it comes to starting a business such as greenhouse commercial farming. No doubt raising start – up capital for a business might not come cheap, but it is a task that an entrepreneur must go through.

JB Michaels Commercial Farms, LLC is a family business that will be owned and managed by Joseph Ben Michaels and his immediate family members.

They are the sole financial of the firm, but may likely welcome other partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources. These are the areas where we intend sourcing for fund for Humphrey GT & Family Farms Ltd;

• Generate part of the start – up capital from personal savings and sale of his stocks
• Generate part of the start – up capital from friends and other extended family members
• Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan from family members $20,000 ) and we are at the final stages of obtaining a loan facility of $400,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting JB Michaels Commercial Farms, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to sell our farm produce (organic and non – organic plantains and even processed plantains) a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

JB Michaels Commercial Farms, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of.

Our organization’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more as determined by the management of the organization.

We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

• Business Name Availability Check:>Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts various banks in the United States: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of All form of Insurance for the Business: Completed
• Leasing of farm land in Tallahassee – Florida: Completed
• Conducting Feasibility Studies: Completed
• Start – up Capital Generation: Completed
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
• Recruitment of employees: In Progress
• Building /construction of cages and fence et al: In Progress
• Purchase of the needed working tools, machines and equipment: Completed
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business (Business PR): In Progress
• Farm land Treatment, Health and Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players in the industry (agriculture farm produce merchants, fertilizer suppliers and transporter / haulage companies et al): Completed

Standard Plantain Farming and Processing Business Plan With 3 Years Financial Analysis

Plantain farming is no doubt one of the lucrative businesses in Nigeria, but processing it into other finished products is far more profitable than just farming and selling them raw. Plantain is one of the staple food in Nigeria and is widely consumed. It has been estimated that farmers could earn N2.5 billion annually. Active players in this sector are mainly local farmers. But in recent time we have seen small business owners and even big firms venturing into it

Investment in the farming and or processing, preserving and marketing of plantain is a very lucrative business. Plantain can be processed into cassava flour or cassava chips. In Yoruba, it’s eaten as elubo.

Plantain is highly sought after because it is a delicacy, a good and readily available source of carbohydrate, protein and pro-vitamin A. it has other medicinal effects on the body.

To process plantain into flour or chips, the following is needed:

Peeler: The peeling machine helps to peel the skin. Where there is no machine, peeling can be done manually.

Slicing/Chipping machine: The pulp is sliced or chopped into smaller pieces

Drying: Here the already sliced plantain is dried with a machine. In some local area where drying machine is not available, they dry it under the sun and this usually takes some days.

Milling: The dried plantain are milled into flour.

Sieving: Sieving is done to obtain the desired fined particle size.

Packaging: The flour is packaged in different sizes using moisture-proof packaging material to prevent moisture.

All the machine used in processing plantain are readily available locally and at an affordable cost and are locally available too.

We have developed a standard plantain farming and processing business plan with 3 years financial analysis for you to use to raise fund or for personal use.

The business plan is developed to help you save money, time and energy and most importantly, raise fund to kickstart or scale your business up. Why waste time and energy to write a business plan that will take a couple of months to complete yet you won’t still get it right? Why not get our already developed standard plantain farming and processing business plan with 3 years financial analysis and make some changes to suit your needs?

When you get our standard plantain business plan with 3 years analysis, what you need to do is to change the name, contact details, company details, founders details and other info to suit your need and present it to anyone (bank, investor, grant competition etc).

The standard plantain farming and processing business plan is in MS words and the financial is in excel. so that you can deliver to your inbox immediately and you can easily change it to suit your needs.

NOTE: if you don’t like an already developed business plan (generic) and you need a tailored and a unique business plan to be developed for your business,  kindly click here to check the different packages we have.

The 3 years financial includes startup cost, fixed monthly expenses, cash flow, income statements, balance sheets, sales projections, breakeven analysis, salaries and wages, ratio among other analysis.

Take a look at the table of content:

1)      Table of Contents

2)      Executive Summary:  The summary includes introduction, products and services description, marketing and sales among others

3)      Company Overview : this includes

• Mission Statement
• History and Current Status
• Markets and Products
• Keys to success

4)      Product or Service description.

5)       Industry and Market Analysis

• Introduction
• Industry analysis
• Market analysis
• Customer analysis
• Competitor analysis
• SWOT Analysis

6)      Marketing Strategy

• Target Market Strategy
• Product/Service Strategy
• Pricing Strategy
• Distribution Strategy
• Advertising and Promotion Strategy
• Sales Strategy
• Marketing and saleS Forecasts

7)      Operations

• Operations Strategy
• The scope of Operations
• Operating Expenses

8)      Development

• Development Strategy
• Development Timeline
• Development Expenses

9)      Management

• Company Organization
• Management Team
• Administrative Expenses

10)   Summary of Financials

• Financial Assumptions
• Financial Forecasts
• Projected Cash Flow
• Income Statements

iii.      Balance sheet

• Profit and loss
• Profit Margin, chart etc
• Financial Risks

11)   Appendices

Support for Product/Service Description (e.g., diagrams, pictures, etc.)

Financial Statements

• Income Statement [3 years]
• Balance Sheets [3 years]
• Cash Flow Statements [3 years]
• Ratio Analysis [3 years]
• Other supporting financial statements

How to Access This standard plantain farming and processing business plan with 3 years financial analysis

This standard plantain farming and processing business plan with 3 years financial analysis should cost you N20,000, but you are not going to give you for that amount. But for today and for a limited time, we will give you for Only  N10,000.

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WHAT CUSTOMERS ARE SAYING

I want to say a big thank you for the business plan you sent. The plan is rich and detailed and professionally developed as explained on your web page. In fact the plan worth more than price. I have gone through the financial template and I have made some changes to suit my needs and would present it to my banker next. Am I going to present it together with the financial template or should I only present the business plan?

I have gone through the financial template and I have made some changes to suit my needs and would present it to my banker next. Am I going to present it together with the financial template or should I only present the business plan?

Can I also send it for you to help me review the financial before I submit?

Mrs. Esther Enudi

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Plantain Farming in Nigeria – How to Grow Plantain

May 21, 2022

Plantain farming is simply the cultivation of plantain. Plantain farming involves the process of planting the plantain suckers till the stage of harvesting and marketing of the plantain produce.

Plantain farming is one of the most profitable farming ventures in Nigeria because of the huge demand of plantains in Nigeria. Most Nigerians if not all consume plantains regularly.

Plantains are starchy bananas that are widely consumed in a lot of countries. Plantains grow the tropical belt of the world. It does not grow in temperate and dry areas. Plantain as a crop also loves humidity. This is why it does well in wet humid regions of the world.

Nigeria’s Business Day Newspaper noted that there was about 99,000 tons demand-supply gap of plantains in Nigeria. About 350 million people in West and Central Africa heavily consume plantains as food.

In Nigeria, plantains are mainly grown in southern states of Ogun, Oyo, Osun, Ekiti, Edo, Delta, Bayelsa, Cross Rivers, Rivers, Akwa Ibom, Imo, Abia, Enugu, Anambra, Lagos and Ebonyi. Plantains do well in the southern belt of Nigeria because of the tropical and humid nature of the region.

Plantain can be grown in the northern part of Nigeria if irrigation is used.

Steps to Take to Start Plantain Farming in Nigeria

The following are the steps to take to grow plantain in Nigeria:

• Site Selection
• Climatic Conditions
• Soil Suitable for Plantain Farming
• Soil Preparation
• Selection of Cultivar to Plant
• Sucker Preparation and Management
• Transplanting of Plantain Suckers to Field
• Weed Control
• Training and Pruning of Plantain
• Fertilizer and Manure Management
• Management of Pests and Diseases
• Processing of Plantain

1) Site Selection

The location or site to use for your plantain plantation must be easily accessible. There should be a good road connection so that the produce of the farm can be easily evacuated to the market.

The farmland site should be located in a tropical humid belt as this will positively favour the growth of the plantain crop. The soil should preferably by loamy and fertile. Clay and sandy soils are not favourable for the growing of plantain.

2) Climatic Conditions Suitable for Plantain Farming

Plantain prefers tropic and humid climatic conditions. To grow plantain, you need to site your farm in a place that has a tropical climatic condition.

Lowland areas are perfect for the growing of plantains. However, you should not cultivate plantain in flooded areas.

Plantain prefers areas with an annual rainfall level of 2,000mm. The rainfall should be well distributed all through the year.

Plantain can also tolerate high level of humidity.

3) Soil Suitable for Plantain Farming

Plantain crop prefers black loamy soil or any soil rich in organic matter. The soil should be well draining and relatively loose. Sandy and clay soils are not good for the cultivation of plantain.

The soil pH should be 4.0 – 7.5. If your soil is very acidic, you can amend with limestone or dolomite.

4) Soil Preparation

If the farmland to be used is heavily forested, the trees and stumps should be removed. Bulldozers can be used to remove the trees and stumps, however, care should be exercised so that the top soil is not removed.

After the removal of the trees and stumps, the soil should be ploughed and harrowed. Several rounds of plough may be done for the soil to be loose. Ridging can also be done to create beds. For virgin soils, ploughing and harrowing may not be done.

For soil with low organic matter, farmyard manure, animal manure and compost can be added to the soil. These should be mixed to the soil through ploughing.

The soil should be ploughed several times till the soil forms a fine tilth. Tractors with harrowing implement may be used to harrow the farmland.

High phosphate fertilizer like Single Super Phosphate fertilizer or Diammonium Phosphate Fertilizer should be applied to every pit meant for planting the sucker. Depending on how fertile the soil is, up to 75 - 175 grams of Single Super Phosphate fertilizer may be applied per planting hole.

The recommended spacing is 3 m between the plantain rows and 2 m within the row (in other words. 3 m x 2 m). An alternative is 2.5 m x 2.5 m. If spaced 3 m x 2 m, 1 hectare should contain 1667 plants, but with a spacing of 2.5 m x 2.5 m, it should contain 1600 plants.

5) Plantain Cultivar to Plant (Plantain Sucker)

The following are some of the varieties of plantain that can be planted in Nigeria:

Giant Elephant Sucker

The Giant Elephant Sucker is called Agbagba Erin in Nigeria. This plantain variety produced big plantain fruits.

This variety produces the biggest plantain fruits from all plantain varieties in Nigeria. It matures after 8 – 12 months of planting.

Tissue Culture Suckers

Planting tissue culture suckers is the best way of growing plantains. Tissue culture suckers are bred in clean environments, they are sterile and free from harmful pests and microbes. They cannot introduce pests into your soil or farmland.

Uprooted Suckers

Uprooted suckers are suckers uprooted from another farmland. The risk of planting uprooted suckers is that they may have pests and harmful microbes that can be introduced to your farm.

To use uprooted microbes, you must apply pesticides or you dip the suckers into hot water for a few minutes.

There are three types of suckers namely the peeper sucker, maiden sucker and sword sucker.

6) Equipment

The following equipment can be used for plantain farming:

• Boom Sprayer
• Power Tiller
• Earth Augers
• Motorised Sprayers
• Weeders etc.

7) Irrigation

Using irrigation can enhance your plantain yield by 100 – 200%. Irrigation has been known to significantly increase the yield of plantain crop in Nigeria. It is a misconception that plantain does not need irrigation.

With irrigation, the population of plantain stands on a farm can be significantly increased. This can lead to an enhanced crop yield.

The following types of irrigation can be used for plantain farming:

• Drip Irrigation : Drip irrigation is a type of irrigation that provides for the wetting of the root zone of plants. In drip irrigation systems, a network of drip tapes , pipes or hoses and emitters are used to pass water to crops. For plantain, drip irrigation can be used to provide water for the crops. You can increase your plantain population with the use of drip irrigation.
• Sprinkler : Sprinklers work like rain; they spray water to the crops. Sprinklers can increase the humidity on your farm, plantain crop do well under high humidity. Spray tubes, rain hoses, center pivots and rain guns are some types of sprinklers that can be used to irrigate plantain.
• Furrow Irrigation : This is the passing of water between the ridges or beds on a farmland. Though, this is a type of irrigation, if not well done, it can lead to root rot in plants.

8) Sucker Preparation and Management

In Nigeria, suckers are usually uprooted from existing plantain farms and transplanted to a new plantain farm.

If you want to use uprooted sucker, you should treat them with pesticides before planting them. You can also use hot water treatment to clean up the uprooted suckers.

The use of tissue culture plantain suckers is the best way to start a plantain farm. To have tissue culture suckers, you need to build a mini greenhouse like structure and bury some tissues of the plantain suckers in planting bags filled with soil.

After a few weeks, the young plantain plants can be uprooted and planted in a new plantain field.

9) Transplanting of the Suckers

The suckers should be transplanted to the field in the early morning or late evening. Transplanting of suckers should not be done in the afternoon when it is too hot.

The field should be well irrigated before the transplanting of the plantain suckers. Farmyard manure or compost should be available and there must have been the digging of planting holes before transplanting of the plantain suckers.

Carefully remove the suckers from the soil or planting bag and place it in the planting hole on the field. Fill up the hole with a mix of soil, farmyard manure or compost and 70 - 200 grams of Single Super Phosphate fertilizer (SSP).

Mychorizhae and other microbial innoculants may be placed in the planting pit to speed up the growth of the suckers. If the soil is infected with nematodes, suitable nematicides like vellum should be applied.

About 1,000 – 1,600 suckers can be planted per hectare.

10) Weed Control

Herbicides like Allion can be used to control weeds on a plantain farm. However, shields should be used when applying herbicides. Shields will prevent the herbicides from touching the plantain trees.

Weed control can also be done by growing cover crops in your plantain farm. Cover crops cover the surface of the soil and serve as shield against erosion and nutrients leaching.

Plastic mulches and organic mulches can also be used to control the growth of weeds. Plastic mulch covers the surface of the soil and prevents the growth of weeds.

Cutlasses, hoes and motorized weeders can also be used to remove weeds.

11) Training and Pruning of Plantain

Most of the plantain farmers in Nigeria do not prune their plantain trees. Cutting some of the leaves of your plantain trees may enhance your yield as this will make the plantain tree devote more energy and nutrients to the production of plantain fruits.

You should not prune if you do not know how it is done.

12) Fertilizer and Manure Application in Plantain Farming

Plantain is a heavy feeder. It is also a potassium hungry crop. Plantain needs more potassium than nitrogen and phosphorus.

7 – 14 kg of farmyard manure or well cured animal manure should be mixed with soil and added to each planting hole. 200 - 400 grams of NPK 15:15:15 fertilizer and 70 - 100 grams of Single Super Phosphate (SSP) fertilizer should be added to every planting hole.

The fertilizers should be applied in a ring form around each plantain tree. Fertigation can also be used to apply fertilizers; in this case, small doses of fertilizers will be applied to the plantain crop intermittently. Fertigation is more efficient than top dressing and side dressing of fertilizers.

Microbial innoculants, chelates and humates like King Humus Plus should also be applied to the plantain crop.

Some of the fertilizers that can be used for plantain farming include the following:

• NPK fertilizers
• Single Super Phosphate Fertilizer
• Potassium Humate
• Boron Fertilizer
• Calcium Magnesium Nitrate Fertilizer
• Potassium Nitrate
• Potassium Sulfate etc.

Potassium nitrate and muriate of potash are the best fertilizers for plantain farming in Nigeria .

13) Pests and Diseases’ Management

Plantain as a crop is affected by pests and diseases like:

• Rhinoceros Bettle
• Viral Diseases
• Fungal Diseases
• Bacterial Wilt
• Fusarium Wilt
• Root Rot etc

These pests and diseases can be managed with the use of fungicides, insecticides, nematicides and acaricides etc.

14) Harvesting

Plantains are ready for harvest after 8 – 12 months of planting the suckers. Harvesting is usually done with the use of cutlasses and sickles.

The plantain bunch is usually cut at the point it holds on the plantain tree. Plantain bunches can be sold in the open markets in Nigeria .

15) Processing of Plantain Products

Plantain can be processed into the following:

• Plantain Flour
• Plantain Snacks
• Plantain Beer
• Animal Feed etc.

16) Marketing

Plantains are usually sold in the open market in Nigeria. They can also be sold in supermarkets and other places of commerce.

You should start the process of marketing before harvesting your plantains.

How Much Does it Cost to Start a One Hectare Plantain Farm in Nigeria

The cost to start a one hectare plantain farm is detailed below:

• Acquisition of one hectare farmland: N100,000 – N400,000
• Surveying and Land Documentation: N100,000 – N200,000
• Clearing, Ploughing and Harrowing: N50,000
• Suckers: N100,000
• Planting: N10,000
• Irrigation: N300,000 – N650,000 (Optional)
• Fertilizers and Manure: N20,000 – N100,000 (Depending on soil fertility)
• Pesticides: N20,000
• Others: N100,000

For a detailed cost analysis, please contact us through [email protected] .

Should you wish to know more about plantain farming or you want to set up a plantain farm, please contact us on 08025141924 or send an email to [email protected] .

Read our latest article on How much is a bunch of plantain in Nigeria?

Best month to plant plantain in Nigeria .

Challenges of plantain farming in Nigeria .

How long does plantain take to grow ?

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Plantain (Musa SPP.) Cultivation in Nigeria: A Review of Its Production, Marketing and Research in the Last Two Decades

2010, Acta Horticulturae

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sunshine ebiwari

Godwin Michael Ubi

Aims: To determine and identify the organoleptic and horticultural characteristics of elite plantain cultivars that can be explored and exploited for value addition in plantain for increase income and food security in the rain forest ecology of Nigeria.

Food Security

African Journal of Agricultural Research

Charles Olumba

Georges Amani

Kashetu Ilavbarhe

Turkish Journal of Agriculture -Food Science and Technology

Michael Amurtiya

This study analysed the economics of plantain production in Northeast Nigeria. The specific objectives of the study were to; describe plantain farmers' socioeconomic characteristics in Northeast Nigeria; identify factors affecting plantain production in the study area, and also ascertain farmers' resource use efficiency in plantain production. The study adopted a multi-stage sampling technique to collect primary data from 250 plantain farmers selected from 13 communities. In the analysis of the data, descriptive statistics and a stochastic frontier model were used. The finding of the study indicated that most (86.8%) of the respondents were male, having an average age of the respondents was 39.15 years, who are mostly educated (92.8%) and cultivate an average of 2.39 ha of land. The stochastic frontier production function maximum likelihood estimates of the parameters indicated that the production of plantain is determined by farm size, the number of suckers planted, the amount of hired labour used, and family labour. Similarly, the plantain production cost is being influenced by the cost of plantain suckers, labour, and the depreciated cost of land. Furthermore, the study revealed that the farmers were technically and allocatively efficient, although, the maximum technical efficiency was not achieved by farmers. Therefore, it was recommended that agricultural extension agents should be encouraged to reach plantain farmers with the required production technologies to promote production efficiency.

Boma Josiah

This study examined the profitability of plantain farming in Orhionmwon Local Government Area of Edo State. The specific objectives were to determine the socio-economic characteristics of plantain farmers in the study area, examine their production systems and resource use efficiency as well as estimate the cost and returns associated with plantain production. Other objectives were to identify the factors affecting plantain production in the area and the effect of socio-economic characteristics on profitability. Data for this study was obtained from both secondary and primary sources. Primary data were obtained through the use of structured questionnaires and interview schedules administered to eighty (80) randomly selected farmers from the study area. Data obtained were analyzed using descriptive statistics, budgetary technique and multiple regression analysis. Results from the descriptive statistics showed that majority of the farmers were male (93.75%), and a large percentage were married (92.5%). The mean age, mean farm size and mean household size were 51.58 years, 1.1 hectares and 12 persons. The results also indicated that an average total cost of N146, 555.66//ha was incurred per annum and a total revenue of N435, 780/ha per annum was realized. This gave a profit of N289, 224.34/ha per annum. The rate of return on investment was 1.97 implying that for every one naira invested, a return of N1.97 and a profit of N0.97 were obtained. The results of the multiple regression analysis revealed that 90.4% of the variation in plantain output was explained by farm size, labour, planting materials (number of suckers) and fertilizer applied. Also, 34.7% of the variation in profit was explained by age, farming experience, household size, level of education, marital status and de-suckering. The major problems encountered by farmers were found to include inadequate finance and credit facilities, damage of plantain trees by wind and poor extension services. The study concluded that plantain farming is profitable in the study area, and as such more efforts should be put in by government to ensure increased productivity.

International Journal of Innovative Science and Research Technology

Ozigbo Emmanuel

The performance of plantain fruit yield and quality under different planting densities under an influence of irrigation system was investigated at International Institute of Tropical Agriculture, Ibadan, Oyo State, Nigeria. Experiments were set up as a split plot fitted into randomized complete block design (RCBD) with three replications. Main plots are irrigation system while sub-plots are plant densities. Treatments included four plant densities (1 x 2, 2 x 2, 2 x 3, and 3 x 3 m), two irrigation systems and their combination where irrigation system was the main plot and plant density the sub-plot. Over 2,000 agbagba suckers were pared and hot–water treated, and planted during the first week of the experiment. Manure was applied at the rate of three spades full per plant for nutrient supplement; and mulching was done. Weeds were manually controlled as at when due. Plantain diseases like yellow sigatoka and black sigatoka were also controlled manually by de-leafing infected leaves t...

Cynthia Onunka

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