Why do we always look in the wrong direction for survival ?
How much is a barrel of Oil now ?
How much is a tonne of Castor seed ?
Please read the publication below and weep for our leaders.
steemit.com/castorbean/@un…
#agribusiness #Agricnewoil
How much is a barrel of Oil now ?
How much is a tonne of Castor seed ?
Please read the publication below and weep for our leaders.
steemit.com/castorbean/@un…
#agribusiness #Agricnewoil
Based on what I read today,
Cost/ Benefit Analysis for 10 hectares of castor plant
Aside from Land
Clearing of land: (10,000 per acre) Heaping: depends on negotiations (150k)
Pesticides: #3,200 ×24 = #76,800
Seedlings: 13,500 seedlings × #80 = #1,080,000
Total: #1,306,000+
Cost/ Benefit Analysis for 10 hectares of castor plant
Aside from Land
Clearing of land: (10,000 per acre) Heaping: depends on negotiations (150k)
Pesticides: #3,200 ×24 = #76,800
Seedlings: 13,500 seedlings × #80 = #1,080,000
Total: #1,306,000+
Return on Investment
10 hectare will produce 10 ton every 5 months, that is 20 tonnes yearly for 7 years.
A ton sells for #420,000
Therefore, #420,000 × 20 = #8.4m yearly
#8.4m × 7 = #58,800,000
Total for 7yrs: #58,800,000
10 hectare will produce 10 ton every 5 months, that is 20 tonnes yearly for 7 years.
A ton sells for #420,000
Therefore, #420,000 × 20 = #8.4m yearly
#8.4m × 7 = #58,800,000
Total for 7yrs: #58,800,000
-Castor oil price is over 300 per cent higher than crude oil.
-Nigeria has one of the best lands for castor plant in the whole world spread everywhere, even in the north where there is less rain fall.
punchng.com/becoming-a-suc…
go4worldbusiness.com/pref_product/v…
-Nigeria has one of the best lands for castor plant in the whole world spread everywhere, even in the north where there is less rain fall.
punchng.com/becoming-a-suc…
go4worldbusiness.com/pref_product/v…
