Cheapest Farmlands With 1acre
Interested in this property?
Property Description
MAIZE PLANTATION
5bags - 20bags (100kg bags) of maize... there are so many factors that makes these yields varies, but we are applying all efforts to ensure we have the highest yield for our investors....
CASSAVA PLANTATION
- A good yield of cassava is 6-12 tonnes per acre but a more realistic expectation is 5-10 tonnes per acre/ harvest...
PLANTAIN PLANTATIONS
Return on Investment (Profits)
There are two major ways plantain growers can make profits:
Through the sales of suckers
Through the sales of the bunches (fruits)
- Sales of Suckers
Under good management and shallow planting, a stand of parent sucker can reproduce 6 to 8 suckers annually. This entails that an acre planted with 500 plantains will produce 3000suckers.
That is 500 X 6 = 3000 suckers for plantain a grower to resell unless he/she wants use the suckers to expand in another farmland.
Assume that the grower wants to resell the suckers at rate of ₦300 per sucker he will make N900,000 from an acre in first year.
That is ₦300 x 3000suckers = ₦900,000.
This entails the farmer has made a profit of ₦900,000from the sales of suckers in first year.
- Profit from Sales of Plantain Bunches (Fruits)
In many local market, a bunch of plantains is between N3,000 to N7,000 depending on sizes.
Using the least price for this analysis, in first round of harvest a grower will make
We have 500 bunches which is 500 X N3000 = N1,500,000.
So the least projected return is N900,000 + N1,500,000 which is N2.4million least per year
This profit is for first year, the yield will continue to increase by 30% annually for years under good agronomics practices.
Property Details
| Property Ref: 3127680 | Added On: 03 Oct 2025 | Last Updated: 03 Oct 2025 |
| Market Status: Available | Type: Land | Total Area: 3,000 sqm |
| Covered Area: 3,000 sqm |
Interested in this property?
Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by Chinonsoluxuryhomes. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
Marketed by
Plot 25b Engineer Lane Street Divine Estate Amuwo Odofin, Amuwo Odofin, Lagos, Nigeria
9029 XXXX Show Phone
09029800623
Registered 4 months ago
View all properties from this agent