HOW TO MAKE WEALTH IN CASSAVA FARMING BUSINESS HOW TO MAKE WEALTH IN CASSAVA FARMING BUSINESS | Page 37

A COMPREHENSIVE & PRACTICAL GUIDE ON HOW TO START CASSAVA FARMING & PROCESSING BUSINESS By: Micheal B. O. OPPORTUNITY OF CASSAVA FARMING LOCALLY OPPORTUNITY IN MAKING USE OF THE FARM SETTLEMENTS: The is a farm cluster where interested participants can run their farm settlement in the same area, side by side with demarcation. Cluster farm projects always reduce the cost of running the farms compared to individual management. This should however be discretion of each farmer. Any interested Nigerians can get a room apartment in these areas for less than N1,000 and come around once in a while to monitor his farm. OPPORTUNITIES IN CASSAVA FLOUR FOR BREAD: The new minister of Agriculture, Dr. Akinwunmi Adesina is very much disposed to the production of cassava flour and bread and the ministry is currently working on incentives that would encourage investors in this area. You can tap into the opportunity by either producing/sourcing high quality cassava flour for supplies to flour millers or by producing cassava bread and other confectioneries. TAP INTO THE OPPORTUNITY THE CASSAVA GROWERS ASSOCIATIONS OFFERS: The association have been receiving loan facilities to assist members to improve their yield, financial institutions like Nigerian Agricultural Co-operative and Rural Development Bank. and, United State Agency for International Development(USAID).have been giving loan to farmers to improve their efficiency. ECONOMIC ANALYSIS IN CASSAVA CULTIVATION: Three tons of cassava tubers when ground and processed would produce one ton of Gari (IITA estimation). It means that you have turned the tubers into consumable product and you have added value (money) to it. A module (Kongo) of gari of equivalent of 1.2Kilogrammes. But one tones of garri equals 833 kongos and a kongo of gari is sold for between N150 and N160 in the market today. So multiplying 833 kongos in one ton of gari with the selling price (e.g N150) gives you N124,950. If you sell the cassava tubers raw without processing it, you can make between N8,000 and N10,000 on a pick up van loaded with the tubers. Hotlines: 09090040011, 09031617999. 37. E-mail: [email protected]