CABBAGE FARM PROPOSAL
Agribusiness Project: CABBAGE FARMING
Type: SPONSORED FARMING
Duration: 16 WEEKS per cycle
Land Preparation & Nursery: 4 WEEKS per cycle
Maturity span: 120 days after transplant
Farm contract Period: Eight (8) months ( Renewable)
Location: Lufuwape Town, Obafemi Owode LGA, Ogun state, Nigeria.
INTRODUCTION
You can agree with me that there’s a vast pool of opportunities in the Agriculture Industry begging to be explored. One amongst these abundant opportunities is Cabbage farming.
So many people have said a lot about the Nutritional benefits of Cabbage and the internet can feed you with numerous medicinal qualities of this veggie and how investors are amassing wealth through cabbage farming.
In this Proposal, I’m only concerned with the investment details for CABBAGE farming because, in this lockdown, it is presumed that investments on the basic food needs will see the daylight, and the few persons who’ll take the pains to invest will reap a lot; though marketing the product might be a bit stressful due to curfew.
As a perishable veggie, it is best sold latest 10days after harvest.
You don’t need to waste time to jump into this opportunity.
But first, let’s look at the Investment expenses, financial projection and Return on Investment (RoI).
EXPENDITURES (Cost Centres)
| S/N | ITEMS | AMOUNT (Naira) |
|---|---|---|
| 1 | Land Lease | 15,000 |
| 2 | Land preparation (Bush clearing/Brushing) | 10,000 |
| 3 | Ploughing of beds | 12,000 |
| 4 | Hybrid Cabbage seeds 2 Tins @ N10,200 each | 20,600 |
| 5 | Manure Animal Dung | 8,000 |
| 6 | Major Manure supplements | 12,000 |
| 7 | Irrigation | 15,000 |
| 8 | BioPesticides (2 litres @ N3,000 per litre) | 6,000 |
| 9 | Sacs for sales (60pcs @ 100 each) | 6,000 |
| 10 | Caution Tape | 2,900 |
| 13 | Farm care, labour (4months) | 60,000 |
| 14 | Nursery | 2,500 |
| 15 | Insurance | 6% of Total Investment |
Total Investment Capital: N170,000
Total Investment Capital with Insurance: N180,200
FINANCIAL PROJECTION (REVENUE)
The financial projection entails the income per cycle which has been projected out of experience with average case scenarios. This means that the financial projection in this Proposal is an average estimate made based on previous farming experiences considering the possibility of accessing farm inputs and feasibility of selling the farm produce . The yield however may increase per cycle and may not come lower than what has been estimated except on extreme cases. The income could be higher depending on the season. The higher the investment Capital, the higher the ROI.
Please note that COVID-19 global pandemic affected prices of farm inputs and services and hence will be implemented as prices adjust.
Your investment fund still remains till the month you pull out of the project, it’ll be paid into your provided Bank account. Terms and conditions apply.
Check out our Friendly Terms and Agreement!