Cost Implication of running 1 acre plantain plantation

1 acre farm on farm right

Operating a plantain plantation on 1 acre of land with Farm Right will cost you 1,092,368 or $3,036 (exchange rate: ₦360 to $1). This is a very low cost to pay for running a successful plantain plantation without doing the farm work.

At Farm Right, we want you to own your plantation like it was a business you started and hired the smartest people that know about plantain plantation to run, so we will consistently provide you with information and give you the business transparency you deserve.

To this extent, we have broken down the cost of running 1 acre of plantain plantation with Farm Right. If you would like to see the breakdown of running 1 hectare of plantain plantation, click here.Cost analysis for plantain plantation

1 YEAR COST IMPLICATION FOR ESTABLISHMENT & MAINTENANCE OF PLANTAIN PLANTATION ON 1 ACRE OF LAND AREA

Cost analysis for plantain plantation

PROJECTED CASH FLOW FOR PLANTAIN PRODUCTION ON ONE ACRE OF LAND FOR THREE CYCLES

1 acre farmImportant things to note

  • 1st Cycle is 18 Months after planting 
  • Planting is done in the month of June.
  • The remainder cycles are 12 months after the previous pay out.
  • The cost of production for the subsequent cycles will be deducted from the revenue of the current cycle.
  • Farm management fees is included in the cost of production for subsequent cycles.

Investment Returns


INVESTMENT PACKAGE
INITIAL INVESTMENT
NET PROFIT (EVERY CYCLE)
RETURN ON INVESTMENT (Revenue from farm before expenses are deducted)
1 HECTARE PLANTAIN PLANTATION
2,376,482.00
823, 590.00
35%
1 ACRE PLANTAIN PLANTATION
1,092,368.20
319,260.00
29%

Project Schedule for Plantain Plantation

TasksStart MonthEnd Month
Deforestation
NovemberFebruary
Land PreparationMarchApril
PlantingMay June
Farm MaintenanceMayMonthly Activity
Harvesting12 Months after plantingMonthly Activity
Pay out (Net profit)18 months after plantingNovember

Financial calculations of the 1 hectare farm are here.

If you need further clarification, please reach out to us at hello@farmright.co. To get started with your plantain plantation, click here

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