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Cassava Farming And Price Volatility - My 2021 Experience. (9297 Views)
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saliubello(m): 9:04am On Nov 11, 2021 |
Last year 2020, I intended to plant cassava on an expanse of land - the total land area was 14.5 acres. That was MAY 2020, but the day the tractor operator went to re-plough the land, the tractor developed a fault. It was a big fault that would require alot of money to fix. They only were able to replough just six acres before the damage happened. I planted cassava on the about six acres in May 2020. other things that I paid for on the farm. ---- Cassava Stems purchase ---- Payment for Planting ---- Purchase of Pre emergence chemical ---- Payment for labour to spray the chemical ---- First Hand weeding when the pre emergence chemical failed. ---- Second weeding ---- Post emergence chemical purchase ---- Labour for application of post emergence chemical ---- Chemical and application of post emergence again. ---- Miscellenous expenses. Total expenditure amounts to N320,000 (Three hundred and twenty thousand naira) At HARVEST: I harvested 7 (seven pickup loads of cassava) and each was sold at N150,000 (One hundred and fifty thousand naira) . This was the selling price as of May 2021. Total revenue from six acres cassava farm as of May 2021: N1,050,000. One million and fifty thousand naira. Edited As of today November 23rd 2021, the pickup load of cassava is N50,000 Surprised? No. Dont be surprised. Bad for planning? No. Not bad at all. Will I make my money back? Capital. YES Will I make a profit? Sure. You will. What percentage? Only demand and supply will determine. Before May 2021 - N150,000 July 2021 - N70,000 November 2021 - N50,000 Price update: Today December 16th 2021, the pick up load is N110,000 Cavert!!! This is not an all gloom, gloomy tale. Looking closely at the figures, I see some interesting facts! 4 Likes |
drake2(m): 9:15am On Nov 11, 2021 |
saliubello: This is great! Could you share details about your inputs? 1. Cassava variety 2. Brands of pre and post emergence herbicides 3. Any fertilizers used? Many thanks |
saliubello(m): 9:17am On Nov 11, 2021 |
I said, the total land was 14.5 acres, the tractor wouldn't return to do the remaining job until October 2020, this is because I had paid upfront, and due to a standing rule - no other tractor will work on a farm which another had started mid way. I had to wait till he could fix the tractor in October. Never knew that experience was going to open a new learning curve for me. By october, he came and ploughed the remaining land and we planted the remaining 8.5 acres of cassava. something dramatic happened here. By normal reasoning, it is only normal for me to realise more revenue from an 8.5 acres farm than a 6 acres farm. But that was not to be. The expenditures: = FIrst ploughing = Second ploughing =Cassava stems purchase = Planting =Purchase of pre emergence chemical = labour for pre emergence application = hand weeding for 4acres = post emergence chemical and application on 4acres = Post emergence chemical and application twice. =miscellaneous Total expenditures on 8.5 acres cassava farm N350,000 (three fifty thousand naira |
saliubello(m): 9:21am On Nov 11, 2021 |
when it was time to sell the cassava at JULY2021, THE cost per pick up load had dropped to N70,000 per pick up load as against N150,000 per pick up load in May 2021. 10 pick up loads of cassava was harvested from the 8.5acres @ N70,000 Total revenue from 8.5ACRES WAS N700,000 (seven hundred thousand naira) as of July 2021 |
saliubello(m): 9:25am On Nov 11, 2021 |
Why will i get more money (revenue) from 6 acres than 8.5 acres of cassava planted which was to be planted together but was staggered for a fault not mine? Na so i lost money. But I made money. N1,500,000 (one million five hundred naira) was reduced to just N700,000 (seven hundred thousand). hmn.. so na like this the thing dey be! |
saliubello(m): 9:32am On Nov 11, 2021 |
drake2: 1. Cassava variety (I didnt ask the supplier, its deliberate though) 2. Brands of pre and post emergence herbicides (Well, the post emergence was those with glyphosate as active ingredients, the pre emergence was those with atrazine plus a 3 bottles of glyphosate in a 200litre drum. there was a reason for this.. the farm was still bushy after reploughing. 3. Any fertilizers used? No fertilizer was used. but i do know the variety planted didnt give good cassava yield. My take on cassava varieties, because I am not the one selling to the processor directly - it makes no economic sense to buy the d varieties and another person reap more from the added financial stress. |
Mowobo: 9:38am On Nov 11, 2021 |
[s]
saliubello:[/s] Not needed |
saliubello(m): 9:46am On Nov 11, 2021 |
Mowobo:Have I committed a crime? This distinguishes clearly that we are not one and same. Is that bad? No aspersions cast yet. Time ed: November 11, 2021 1 Like |
drake2(m): 9:52am On Nov 11, 2021 |
saliubello: Ok. Great!. Many thanks!. But I doubt if glyphosate based post emergence was used, except your cassava variety was resistant to glyphosate. Maybe a selective herbicide was used, just maybe. But I really appreciate you and the information provided. Thanks again! |
Mowobo: 9:52am On Nov 11, 2021 |
saliubello: No crime here. Let it slide. Thank you |
saliubello(m): 9:55am On Nov 11, 2021 |
Price Variability And Farming Is Real This is the very reasons alot of the new school farmers and alot of so. so. so. agritech ventures, who usually promise certain beautiful percentages in ROIs usually fail to deliver on the projected yields and returns. But it is just what it is. Like in my case, if the tractor had done all the 14.5 acres in the same day, then my projected revenue would have been about N2,550,000 (Two Million Five Hundred and Fifty thousand naira). But it gave a different result entirely. This price variability and inconsistency is what changes the dynamics absolutely. 1 Like |
saliubello(m): 10:09am On Nov 11, 2021 |
For the sake of reference, this is how the pick up load looks like. Image credit: nairaland.unblockandhide.com Picture is for illustration.
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saliubello(m): 10:16am On Nov 11, 2021 |
Only people from my region Ibarapa - ( Igboora, Eruwa, Igangan, Tapa, Idere, Ayete and Lanlate ) use this modified pick up truck. As you can see, the cassava are actually arranged one over the other from bottom up, that way it contains more cassava compared to it was just poured in lumped up. The red image is what the pick up truck looks like before the modification is usually done. I am not sure the number of tonnes it carry fully loaded but it definitely Carries way more that the carrying capacity when modified.
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saliubello(m): 10:21am On Nov 11, 2021 |
It is no longer news that the greatest expenditure incurred when growing cassava is weed management. And as seen from the expenditure records, it appears too frequently. First hand weeding and second hand weeding, post emergent application and pre emergent application. Managing and getting these expenses down will make cassava farming profitable. |
saliubello(m): 10:33am On Nov 11, 2021 |
Regards to profitability Planting and growing cassava can be very profitable, though not very profitable at other times. I will tell you why. Shortly before May 2021, the pickup load went as high as N220,000/N200,000 (Two hundred and twenty thousand/two hundred thousand), but the 6 acres cassava farm was not matured enough to sell. So any farmer who has and sells at that time makes a kill in profit. When that happen, farmers expand their farms, complete their house projects, buy a car or a tractor if the farm is large. , these farmers are not new or starters who have just spent money on land clearing or land purchase or other capital intensive investments on the farm like installation of borehole, farmhouse or others stuffs like that. So the total revenue to them is termed profits. The reason being that, the entire enterprise was actually a saving for them. As can been in both farms, I made x2 (twice the expenditure). Give or take, no farming venture done correctly should give less than the invested sum! Is this correct from your experience? |
Adamgeneral12: 1:35pm On Nov 11, 2021 |
6 acres 7 pick-up! 8.5 acres 10 pick-up I think something is wrong with the above analysis. The cassava don't yield well. Glyphosate have it own side effects on crops, also atrazine. I like far that you like farming. This year is gone already, next year try to do mix cropping I beg, cassava na the brother of palm oil it can rise up today and fall the next day. |
saliubello(m): 1:56pm On Nov 11, 2021 |
Adamgeneral12:Baba. I just reported what happened at my end. It's not written for you to take it as a financial outlay for your farm. It's not a proposal to farm. I just reported what happened on my farm. Others might have a different experience which I do not dispute. I had acknowledged the low yield. When asked the variety planted, I said I don't know but the result on the farm tells me I needed to be interested in what variety is planted. If I had been interested in the variety to be planted, my expenditures will definitely be higher that the quoted amounts. Those in the field understands already what I mean. L.C.M of this cassava story, Irrespective of the selling price, the farmer still makes money. How big or wide that margin will be is beyond the control of the cassava farmer. 1 Like |
Adamgeneral12: 2:08pm On Nov 11, 2021 |
I don't know that u have reply me back so I have to modify this. I see that you are pro keep it up |
MAMMAN777(m): 2:14pm On Nov 11, 2021 |
saliubello:Wow, nice breakdown, But I have a question, how many plants of cassava are planted in one acre |
saliubello(m): 2:42pm On Nov 11, 2021 |
MAMMAN777:I usually don't want to go this route because it some what bands me among the internet farmers. But I will try. Ideally, cassava is expected to be planted at 1meter by 1meter, or for better weed management and higher plant density you plant at 1meter by 0.75m. Ideally. You could double check this with other literatures. But in practice, you can get this planting density and population if you are using a mechanical cassava planter (tractor drawn) that has been calibrated to drop the stems at that particular distance. Other means of determining the appropriate planting distance is to use the length of regular matches as depicted in images. But to get the labourers to plant it using this regular spacing is usually a tall task. They are usually unwilling to do the task. But to use this literature recommended spacings, it also suggest the application of fertilizer to get certain tonnage per hectare. In my case, I am not selling to a processor directly where I will be paid per tonnage harvested and delivered. The pick up load model is not weight-based when they buy from farmers, but it is weight-based when they go to sell. However, if you read through nairaland.unblockandhide.com agriculture section, you will see that their had been back and forth debates about cassava profitability in the past. And I know others who went by the literatures before venturing into cassava got their fingers burnt not from the yield per ser but from marketing and pricing cassava.
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saliubello(m): 3:37pm On Nov 11, 2021 |
MAMMAN777(m): 5:27pm On Nov 11, 2021 |
saliubello:Thanks for your info. What you said is the same thing I found through the Nairaland Agric. section that marketing is the major problem in cassava farming. |
sandammy(m): 7:27pm On Nov 11, 2021 |
How long does it take a cassava farm to mature for harvesting? I intend to test run with 2 acres of land. I would also love to know if there is any particular season it must be planted. Thanks |
saliubello(m): 7:40pm On Nov 11, 2021 |
sandammy:Any thing from the eighth months and above up till the second year cassava is good to harvest. The literatures recommends planting in March/April, or September, but me I planted in May and October. My current cassava project was planted just few days ago in November. It is a rugged crop.
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sandammy(m): 8:27pm On Nov 11, 2021 |
saliubello:Thanks bro |
saliubello(m): 8:47am On Nov 14, 2021 |
I was discussing with a friend yesterday about the time cassava price rises astronomically and what causes it. My takeaway from that discussion is that cassava price rises astronomically once every three years.
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saliubello(m): 11:23am On Nov 15, 2021 |
From my end, I have the seen the trend in 2016, 2018 and now 2021. Maybe next is 2023. Irrespective, we move. I will update on the harvest and sales due in few days. |
Adamgeneral12: 3:34pm On Nov 15, 2021 |
saliubello:Is true |
abouzaid: 11:09pm On Nov 15, 2021 |
saliubello: If i'm to use this as an estimate, then it would cost me about two million to cultivate 50 acres of virgin farmland in Ibarapa area and the profit would be about two million. If it costs me three million to buy the 50 acres, then i can recoup my investment in two years. The profit margin is too good to be true. |
saliubello(m): 10:16am On Nov 16, 2021 |
abouzaid:Have you done it before? Let's read your own report so we can compare note. Have you read about my cassava farming pains? If no, then you cannot validly conclude thus. |
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