Business Plan For Ginger Cultivation

EXECUTIVE SUMMARY

Ginger is one of the most excellent spice crops cultivated in Asia, and India accounts for 40% of the world’s ginger production. Ginger roots have high demand in national and international markets due to its excellent uses and benefits. Farmers can make gold out of it if only they follow the proper farm management practices. Basically, ginger is indigenous to south China. India is the world’s largest producer and consumer of ginger, China occupies second place. Nepal occupies the third place while Nigeria is the 4^th world’s largest ginger producer.  Ginger is being used as spice in many food items as well as in herbal medicines due to its excellent medicinal properties.

1.1       

                    Climate and Soil Requirement for Ginger Farming

Ginger thrives well in warm and humid climatic conditions and can be cultivated from sea level to an altitude of 1400 to 1500 meters above sea level (msl). Ginger can be cultivated both under rain fed and irrigated conditions. For successful cultivation of the crop, a moderate rainfall at sowing time till the rhizomes sprout, fairly heavy and well distributed rainfall; during the growing period and dry weather for about a month before harvesting is ideal for good yield.

Ginger can be grown on wide range of soils. However it prefers deep, well drained, friable, loamy soil rich in organic matter. Having well drained soil is key factor or success mantra in ginger farming.

1.2                                  

                   Propagation in Ginger Farming

Propagation of ginger is done by using portions of mother rhizomes (root cuttings). The seed rhizomes should be treated with Dithane M-45 @ 3 grams per liter of water for 30 to 40 minutes drained before being used for planting.

         Farm Operations in Ginger Farming

This involves the set of activities carried out in the farm throughout the farming season. It involves activities like land preparation, planting, application of manure, weeding, earthing-up, and harvesting.

       

          START-UP CAPITAL FOR 12 ACRES OF LAND

You need enough money to go into ginger farming if you really want to make it big. Depending on the money you invest, be ready to gain three times the money you invested. Below is just an estimate of what you will spend when you venture into ginger business.

LAND LEASING IS JUST   100,000 per hectare. For 5 hectares it will cost ₦500,000

   Cost of Materials Needed

Table 1

MATERIAL	QUANTITY REQUIRED	COST PER ONE	TOTAL
Viable Ginger  Seeds	150 50kg bags	10000	1,500,000
Fertilizer	100	7000	700,000
Dithane M-45	10	1500	15,000
Knapsack Sprayer	5	7000	35,000
GRAND TOTAL			2,250,000

   Cost of Labor

Table 2

FARM OPERATION	NO. OF LABOUR REQUIRED	NO. OF DAYS TO COMPLETE THE JOB	AMOUNT PER DAY	TOTAL
Bush Clearing	A Tractor	1	10,000	10,000
Ploughing	A Tractor	1	10,000	10,000
Harrowing	A Tractor	1	10,000	10,000
Ridging	A Tractor	1	10,000	10,000
Planting	15	3	1,500	67,500
Fertilizer Application	15	3	1,500	67,500
Weeding	15	3	1,500	67,500
Spraying	15	3	1,500	67,500
Harvesting	15	7	1,500	157,500
miscellaneous				269,200
GRAND TOTAL				726,700

3.0    POSSIBLE RETURNS

YIELD PER HECTARE      200 Bags (50 kg bags)

FOR 5 HECTARES               1000 Bags (50kg bags)

PRICE PER BAG                  ₦10,000

TOTAL AMOUNT              ₦10,000,000

COST OF PRODUCTION ₦3,467,700

EXPECTED PROFIT          ₦6,523,300 

ALSO READ: THE SECRET BEHIND SUCCESSFUL GINGER CULTIVATION

4.0   CONCLUSION

Ginger farming has made many billionaires in the world today. You will definitely make more profit if you have direct contact with international buyers. The estimated cost per bag in Table 1 above is based on local price. The figure in yield per hectare in Table 3 above is the least you can get in one hectare of land.