Agriculture INDUSTRY

WHAT IT WILL TAKE TO START YOUR FARM

#‎Agricultural‬ Financial Analysis: Let’s begin our series on “What it will take to ‪#‎Start‬ Your Own Farm” using examples of some common crops. Let’s begin with Plantain and Cocoyam and examine how much it will cost you to start.

FARM PLANTAIN AND COCOYAM
A .LAND ACQUISITION GH¢ P
1.Hiring one acre plot of land 1 year 100 . 00

FarmB. LAND PREPARATION 
1. Clearing of Land (Cutlass Weeding)-100 . 00
2(a)Felling down of tress by cutlass weeding- 60.00
2(b)Felling down of tress by chainsaw- 100.00
3(a)Collecting of debris by cutlass weeding – 60.00
3(b)Collecting of debris by chainsaw felling- 100.00
4.Lining and pegging including 500 poles – 100.00

Total Cost for Land Preparation-= GHC 520. 00

C. INPUTS COST (COCOYAM/PLANTAIN)

Farm31(a)Cocoyam Suckers 10,500 @ 0.30p – 315. 00
1(b)Plantain Suckers 500 @ 0.50p-150. 00
2.Organic Manure 40 bags @ 10.00- 400. 00
3.Aclelic super 4 litres for (a & b) – 200. 00
4.Fingicide 4 sachets @ 10.00- 40. 00

Total Cost for Inputs- 1,105.00

D.LABOUR COST

1.Planting Cocoyam – 10,500 – 150. 00
2.Planting Plantain – 500- 100 . 00
3.Cultural practice (weeding) 4 times-400.00 
Total Cost of Labour= GHC 650 .00

E.TRANSPORTATION COST 

Farm41.Transporting 10,500 Suckers of Cocoyam- 150.00
2.Transporting 500 Suckers of Plantain – 50. 00

Total Cost of Transportation(May differ)-= GHC 200.00

PRODUCTION SUMMARY
A.LAND ACQUISITION – 100.00
B.LAND PREPARATION – 520. 00
C.a INPUTS COST (COCOYAM)

C.b INPUTS COST (PLANTAIN) – (a+b) 1,105.00
D.a LABOUR COST (COCOYAM) 

b7ddab350ef6e43032c2df5840fdb174b LABOUR COST (PLANTAIN) – (a+b) – 650. 00
E. TRANSPORTATION COST – 200. 00

Total Investment Required.= GHC 2,575. 00

RETURNS
1.Cocoyam yield per acre 40 mini bags
Cocoyam price per one mini bag 100.00 x 40 -4,000 . 00

2(a) Plantain yield per acre 1000kg = 1 ton/8kg
(b) Avg. wt/bunch (kg)
(c) Price per bunch 3.00
(d)Avg. of bunches 400
(e) Gross revenue (c x d) i.e. 3.00 x 400 -1,200 . 00
=5,200 .00

Farm6NET. 
Total Production Summary – 2,575 .00
Total Returns – 5,200 .00
Total Net Income Cocoyam / Plantain 
= Returns Less Production Summary – 5,200 .00 
– 2,575 .00
Total Returns.= GHC 2,625 . 00

NB:The above may differ depending on area of cultivation. 

Author : John Armah, Entrepreneur.

‪#‎Youth‬ ‪#‎Ghana‬‪#‎Agribusiness‬

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