How Profitable Is Maize Farming In Nigeria
In Lagos currently, between July and August, a 50kg bag of maize is sold for N20,000 while a ton of maize is N360,000. So, imagine if you plant maize on large hectares of land. There is a huge market for maize farming in the country and the demand for it is high.
What Is The Profit Of Maize Farming In Nigeria?
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How Much Does It Cost To Start Maize Farming In Nigeria?
The minimum amount realizable from a well cultivated hectare of land is N520,000. Production cost includes about N45,000 for land preparation and planting; N15,000 for seeds; N15,000 for planting; N10,000 for herbicides; N40,000 for fertiliser and N30,000 for other expenses.
What Is The Problem Of Maize Farming In Nigeria?
These constraints include lack of access to improved varieties and good quality seed, limited access to often expensive fertilisers and pesticides, poor dissemination of good agricultural practice, the need for affordable, small-scale mechanisation to replace manual labour and significant post-harvest losses due to …
What Is The Demand For Maize In Nigeria?
15 MMT
Which Maize Is High Yielding In Nigeria?
Oba 98 (White) is a hybrid variety with high-Quality protein (QPM). The grain contains nearly twice as much lysine and tryptophan, amino acids that are essential for humans and monogastric animals. It is a high-yielding hybrid maize seed that has been recommended for fruitful maize planting.
How Much Does It Cost To Grow A Hectare Of Maize In Nigeria?
The net farm income analysis revealed a total maize production cost of ₦96,958.00 per hectare; and total revenue of ₦179,363.04 per hectare. Meanwhile, the return per naira invested is ₦1.85, indicating that for every ₦1 invested in maize production in the study area, a profit of ₦0.85 was made.
Which Company Can I Sell My Maize To In Nigeria?
View Shipments. THE BEGGADOO INTERNATIONAL VENTURES. Importer of Nigeria. Maize (corn) seed.CHANCO IMPEX LIMITED. Importer of Nigeria. Maize (corn) starch; pharmaceutical grade.OMOLGAB FOOD NIG LTD. Importer of Nigeria. Maize (corn) seed.SCODIT TRADES. Importer of Nigeria. Maize (corn) seed.
How Many Bags Of Maize Per Acre In Nigeria?
A maize farmer that implements good agronomic practices is likely to get 25 or more bags of maize from an acre. Most farmers in Nigeria get lower than 5 bags of maize from one acre of farmland in Nigeria because of poor farming practices.
How Much Is 100Kg Bag Of Maize In Nigeria?
Is Maize A Cash Crop In Nigeria?
What Are The Disadvantages Of Maize?
Is Maize Banned In Nigeria?
While Nigeria had banned the importation of maize, its local production has also suffered due to sustained banditry in the north.
How To Start Maize Business In Nigeria?
How Profitable Is Maize?
If properly done, you can make from 50% and above returns on investment. The target yield for a hectare is 3tonnes. Averagely, 1 ton of maize crop sells for NGN60,000, Now multiply 60,000*3 = NGN180,000. Your profit can be calculated as 180,000-20,000 = NGN160000 within 2 months.
Which Month Is Maize Planted In Nigeria?
Time of Planting EARLY SEASON (i) In the Forest zone, the optimum planting date is between 15 March and 1 April, although planting could be done as soon as rainfall becomes steady. (ii) In the Derived Savannah zone, plant as soon as the rainfall becomes steady, between 1-30 April.
What Is The Best Hybrid Maize In Nigeria?
The hybrid pioneer maize seeds are one of the most prolific hybrid corn seeds varieties in Nigeria. The pioneer maize variety is bred and produced by Pioneer Inc. This variety has shown to be the highest yielding maize variety in Nigeria. The pioneer maize seeds can yield up to 12 tons of dry maize seeds per hectare.
Which Fertilizer Is Best For Maize In Nigeria?
How Many Bags Of Maize Per Hectare In Nigeria?
How Far Apart Do You Plant Maize In Nigeria?
How Much Fertilizer Do I Need Per Hectare Of Maize?
Maize can easily achieve 9 tons/ha (40 bags per acre) with the right agronomy and adequate moisture, but it does require adequate nutrition to achieve this. The amount of fertilizer required is best calculated by multiplying the target yield in tons per hectare, by 20-25 Kg.
How Long Does It Take Maize To Mature?
Generally, most maize varieties have a life cycle of 100-120 days from planting to harvest. However, the exact time of harvest is greatly affected by environmental and other factors, like the product end-use. The moisture content level in the grains is the main indicator for defining the harvesting moment.
How To Start Selling Maize?
MARKETING OUTLETStake their maize to market and sell directly to consumers;take their maize to market and sell to traders in the market;sell their maize to traders in nearby towns;sell their maize to traders who visit their village;sell their maize to a hammer mill;
Why Is Maize Scarce In Nigeria?
There are a host of reasons for the scarcity: insecurity in the north where most of Nigeria’s maize is planted, poor yield, lack of mechanization, inability to import from Ukraine due to the Russian invasion of the country, and heavy flooding.
Who Profited From Maize?
Traders and explorers sent maize back to Europe. Enterprising farmers began to grow maize around the Mediterranean Sea by the 1550s. They then began to sell it for a profit to feed the growing population of Europe and the surrounding region.
How Long Does It Take Maize To Mature For Harvest In Nigeria?
Maize matures very fast, within 3–4 months of planting, the crop is ready for harvest, depending on which stage you want to harvest your crop but then harvesting of early maize is done by May and late Maize is harvested by October. In Nigeria, Maize farming does not require a handful of training and capital.
How Much Corn Can 1 Acre Produce?
Corn Yield Per Acre by State: Top 11 of 2020Yield Rankings: 2020RankStateYield (bu/ac)8California1878Indiana18710Arkansas1848 more rows•Jul 25, 2021
How Many Bags Of Maize Make One Ton?
A ton is equal to 1000 kilograms. So, if each bag weighs 50 kilograms, then there would be 1000/50 = 20 bags of 50 kilograms that make a ton.
What Is The Price Of Maize In Nigeria 2023?
According to the Poultry Association of Nigeria, In 2023, maize prices in Nigeria reached a record high, with the average price per ton exceeding N480,000. This represents a more than 100% increase from the previous year. The surge in maize prices has been attributed to several factors.
How Many 50Kg Bags Of Fertilizer Per Acre Of Maize?
1 ha =2.5 acres • 1 bag of fertiliser = 50kg • To convert kg/ha to bags per hectare, divide by 100 and multiply by 2. To convert kg/ha to kg per acre, divide by 2.5 (or multiply by 0.4).
How Much Is Millet In Nigeria?
The price of Millet (Doro) – Mudu on Mart.NG is ₦260. We deliver your groceries, fresh in 59 minutes. Buy Millet (Doro) – Mudu on Mart.NG, your personal and convenient online supermarket in Abuja, Nigeria. The price of Millet (Doro) – Mudu on Mart.NG is ₦260.
What Is The Profitability Of Maize Farming?
A maize yield of 4 tonnes per hectare (t/ha) at a price of R2 250/tonne will earn a profit of 28.6% (at a production cost of R7 000/ha). If the maize price goes up with a mere R250 per tonne (R2 500/ton), profitability will increase by 14.3%.
How Profitable Is Maize?
If properly done, you can make from 50% and above returns on investment. The target yield for a hectare is 3tonnes. Averagely, 1 ton of maize crop sells for NGN60,000, Now multiply 60,000*3 = NGN180,000. Your profit can be calculated as 180,000-20,000 = NGN160000 within 2 months.
What Is The Profitability Of Corn Per Acre?
The expected gross profit for this productivity soil is $305/acre for corn and $354/acre for soybeans. Assuming a 50-50 rotation the average gross return would be $330/acre. Net return would be calculated by subtracting out the land rent.
How Much Hybrid Maize Yield Per Hectare In Nigeria?
Expected Maize Farming Yield In the Nigerian Savannah zone, 3–4 tonnes/ha for Open Pollinated and 5–6 tonnes/ hectare for Hybrid 4.
