I love quick returns on all my investment. Yes, that’s me but one thing I always do is know my business A-Z because that is the only way to avoid losing money.
Just stop reading this article and imagine for 30 seconds the feeling you will get if within 3-4 months you are able to bank N3 Million or US$10,000 into your savings account as proceeds from selling vegetables.
Let us assume you invested about N500,000 or US$2,000 into cucumber production and within 3 months, buyers are begging you to collect their money in exchange for your commodity.
Stop a moment and imagine for a while. Good, let us proceed.
For me, I will be happy to make that amount of money in such a short period of time. Because making over US$10,000 as a Nigerian in 3 months can change your life and put you into the Millionaire Gang instantly.
Let us get back to serious business now, leave imagination alone. Let us face reality and see how much imaginary figures you see in your head can transfer to your bank account.
Vegetable Production can instantly turn you into a millionaire. Yes, I know/mean what I am telling you. As a farmer and consultant, I have seen rural farmers who bag millions yearly from the sales of vegetables like Tomatoes, Pepper, Cucumber, Watermelon, cabbage, and more.
I am writing about vegetable production and its profitability today because one of my email subscribers asked me to put out content on this topic. I am here to serve you with valuable contents, so you can equally suggest a topic and I will write about it extensively.
Let us discuss Commercial Vegetable Production in detail today. This article on vegetable production has been divided into a series of episodes so it will be easier for you to read and understand. If you are reading this episode now via my blog (denisonsblog.com), it means you have more to read on this topic. Search the blog carefully for the remaining articles.
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The life of your vegetables is always in your hands to determine how to run them. I am writing this article basically for those people who indicated an interest in venturing into commercial vegetable production, this will be your guide to farm right.
One thing I love about vegetable production is its profitability is, how fast it gives a return on investment. We are a generation of instant gratification and we love quick returns in all we do especially when it comes to investing our hard-earned money.
I love quick money too. Life is too short to wait forever. But always invest enough time to know the business so that a journey of 40 days wouldn’t take you 40 years.
When you invest time in learning, your mistakes will be minimal as you practice on the field. And I will shorten your learning curve in this article, just give me 15 minutes of your time and you will be good to go.
Do not rush reading, each line written here contains information a beginner would need and must know to be profitable in the vegetable production business. Stop whatever thing you are doing now and read this piece of information like your life depends on it because it really does.
WHY YOU SHOULD INVEST IN VEGETABLE PRODUCTION?
No long story here. The only and most viable reason why you should invest in vegetable production should simply be “I have a market” ready and willing to pay my cost of production plus equally reward my labour with big commission.
I am not here to tell you how profitable vegetable farming is, because what I will say here might not be true in your market. When I say “Market” I am not referring to a physical gathering like Kano or Aba market, I am referring to people that will buy your cucumber, watermelon, tomatoes, pepper, cabbage, ginger, and other veggies.
Let us see if we can outline key points to consider when you want to venture into commercial vegetable production. The points are carefully outlined below,
Number One: The profitability of vegetable farming will be determined by your market demand and also access to that market.
If you are based in a community where people value vegetable consumption more than meat, it means you have a hungry crowd for your commodity. This must not be the entire community per se, but be able to spot out persons who patronize more vegetables, you can monetize their needs.
For example; If you decide to cultivate cucumber on a commercial scale in my typical village, know you have made a wrong investment. Because I can sit in my room and tell the number of people who know the health benefits of cucumber and further consume it.
In my market, vegetables are of little value. If you want to make money in my market, kindly sell meat to us and watch your bank account flood with dollars in no possible time. I value meat more than vegetables.
One thing is certain, though few people value vegetables in my village, the soil is 100% fertile and leasing it for 1-3 years is damn cheap. So, what can I do now? I will secure a hungry market outside my immediate environment before cultivating any vegetables.
Here is the message; that remote area should only be a farm. Source for a market outside and push your commodities immediately after harvest because most vegetables are perishable, it is unwise to cultivate them without a standby market.
Note: Do not cultivate tomatoes in a commercial quantity only to start begging for buyers when it is time to sell because you will be underpaid and it will definitely lead to loss of interest in farming or agribusiness.
Number Two: The profitability of vegetable farming will be determined by your cost of production and the season of cultivation.
Here, I want you to study your numbers carefully. Also, put into consideration the season (dry/rainy) before you will be able to ascertain the profitability of vegetable production.
Your cost of production will determine if a business is profitable or not and not what you read on my blog. Let us imagine for a few minutes that you do not have farmland but interested in cultivating 10 hectares of tomatoes.
It means you have to buy farmland or lease. Remember you are to add this to your selling price too. How about the labour you are going to employ on the farm? Are you using more humans or more machines on the farm?
How much money are you going to purchase inputs? I know you are here for business purposes, therefore, you will plant hybrid vegetable seeds. And it will cost you money.
Put together the cost of herbicide and pesticide and it will give the total amount of money needed to make your farm profitable. Here is the idea, after injecting such an amount of money into the project, your customers/consumers are the ones to pay-back your capital plus interest.
Therefore, the purchasing power of your market will determine the profitability of your vegetable project and you have to know their consumption pattern first before planting.
Another important thing to consider is the season in which you are cultivating the vegetables. Let me tell you this secret for FREE, “dry season farming is where the money is”. If you want to make plenty of money via farming vegetable, focus only on dry season farming.
The disadvantage is, it is capital intensive and beginners without enough money cannot purchase the needed tools. But let us assume you have the money to invest in dry season farming, I guarantee you millions of Naira in profit if you cultivate watermelons or cucumber.
Though the rainy season is always crowded with plenty of vegetable farmers with commodities begging buyers to patronize them, it is still profitable in some areas or communities. All you have to do is conduct a market survey before planting any commercial vegetable.
WHICH VEGETABLE CAN I CULTIVATE THAT IS MORE PROFITABLE?
As an agro consultant, I find it difficult to answer this question. Not because I do not have an answer but, the answer might not be true to everyone due to certain factors such as access to a profitable market and maybe the cost of production.
Understand this, the monetary cost of cultivating 1 hectare of watermelon is not fixed. Let me explain better here, if it cost someone in China US$200 to cultivate a hectare of land, it might cost a farmer in Ghana US$500 or less.
So, it will be hard to tell exactly how much it costs to cultivate your vegetable. But as you progress reading this article, your unanswered questions will be addressed.
Funny enough, some intending vegetable farmers will demand I tell a specific vegetable that they can grow, that will demand little to zero attention from them and that can produce plenty of money for them. Please, we do not have such vegetables in agriculture.
Therefore, if you are too busy to give your vegetable farm 100% attention, I advise you not to invest your money in it. Do something else with your money because making money in agriculture demands 100% attention from a farmer.
Let’s address this matter of which vegetable you should plant that is more profitable with a simple illustration. So many people want to go into agriculture but they haven’t really taken their time to observe what consumers are ready and financially capable to pay cash as at when due.
They just read on Facebook and other social media channels, and search engines that pig farming is profitable and can make them six-figures in 6 months without stress.
They hurriedly inject their little resources into the wrong market or product based on half-baked internet information. Understand this today, articles on the internet should only be a guide, do your homework offline to avoid investing in half-baked information.
Working hurriedly on unproven information you see on the internet today might cost you millions of dollars in investment. I am here to handover a viable blueprint to you, you are reading content from a practising farmer and blogger.
In our next episode, the idea will be clear to you. We will be discussing the profitability of vegetable farming in details.