HOW TO MAKE WEALTH IN CASSAVA FARMING BUSINESS HOW TO MAKE WEALTH IN CASSAVA FARMING BUSINESS | Page 43

A COMPREHENSIVE & PRACTICAL GUIDE ON HOW TO START CASSAVA FARMING & PROCESSING BUSINESS By: Micheal B. O. COST ANALYSIS 1. Price of 3 tons truck of raw cassava at Ifo is N60,000 to the processing shed. 2. Cost of peeling N3,000 Naira for the three tons. 3. Cost of pressing N3,000 Naira for the three tons 4. Transportation to dryer at Itori N2,000 Naira the quantity of the material reduces almost by 50% after pressing. At the drying center the product will be tested and weighed in. The moisture level recorded. It will be dried and sold at the drying center there to merchants who process the LPO to supply to the flour mills or bakers. The three tons of cassava is to yield minimum of 1.5 tons of flour. A ton of flour is N70,000 Naira 1.5 tons will yield N105,000 Naira less expenses of not more than N80,000 Naira entrepreneur has a balance of N25,000 on each truck of cassava bought. It is more profitable for a cassava farmer to process his cassava to this point if there is labor to accomplish. HOW TO START CASSAVA CHIPS PRODUCTION IN NIGERIA Cassava Chips is a product derived from cassava. Nigeria is the largest producer of cassava in the world with a yield of about 54 million tonnes of cassava in 2012. Cassava (Manihot spp) is a tropical perennial crop cultivated mainly for its edible root, is a staple food consumed worldwide and provides much economic benefit to the producers. Cassava can be processed in a variety of ways to arrive at different products including as gari, fufu, lafun, starch, chips and pellets, etc. Cassava chips are unfermented white dried products of cassava with an average diameter of 3mm–5mm often used as a carbohydrate base in the animal feed industry particularly in Europe, or milled into flour for other uses such as in the production of ethanol, cakes, dough nut and biscuits. The demand for Cassava Chips as an industrial product is wide. It cuts across so many industries such as distilleries, pharmaceutical, food and most especially the animal feed industry. The estimated demand for Cassava Chips in Nigeria was found to be in excess of 1,500,000T/annum. There is a high export demand in China especially for ethanol production. In fact, Nigeria is planning to export chips to China to the tune of 1,100,000T this year. This is a clear indication that Cassava Chips has a high market potential. Hotlines: 09090040011, 09031617999. 43. E-mail: [email protected]