The cost of groundnut farming per hectare is ₦200,000 - ₦500,000. The cost of groundnut farming can vary widely. The cost of groundnut farming varies due to the location where the groundnut is to be planted, varieties of seeds, labour cost, availability of water a nd availability of fertilizers etc.
For instance, it is less costly to grow groundnut in Kano, a city in the northern region of Nigeria than Shaki, a town in the southern part of Nigeria. This is due to the availability of cheap labour in the northern part of Nigeria.
Below is the cost of groundnut farming per hectare in Nigeria:
- Rent of one hectare farmland: ₦25,000
- Clearing, Ploughing and Harrowing: ₦50,000
- Seeds: ₦80,000
- Planting: ₦10,000
- Irrigation: ₦250,000 – ₦600,000 (Optional)
- Fertilizers and Manure: ₦20,000 – ₦100,000 (Depending on soil fertility)
- Pesticides: ₦20,000
- Others: ₦100,000
Factors that can affect the cost of groundnut farming per hectare in Nigeria
The following factors can affect the cost of groundnut farming per hectare in Nigeria:
Variety of Groundnut Seeds
Time of the year
It is cheaper to grow groundnut in the rainy season as irrigation is not usually needed. In the dry season, irrigation is needed for the planting of groundnut. The use of irrigation systems can be costly.
Pests and Diseases
The incidences of pests and diseases can affect the overall cost of groundnut farming. If pests and diseases infestation is high, the cost of pesticides to be used to address the concerns will increase the cost of groundnut farming.
If your soil is fertile, you are likely to spend less on groundnut farming. Poor soil will need fertilizers, compost and manure; this can significantly increase the cost of groundnut farming.
The cost of labour in the northern part of Nigeria is lesser than the cost of labour in the southern part of Nigeria. This is due to the fact that poverty is endemic in the northern part of Nigeria.
The Use of Fertilizers
The type of fertilizers used for groundnut farming can impact the overall growing cost. However, the use of the right type of fertilizers can increase the overall yield of the crop.
About Groundnut Farming
Groundnut farming is the process of planting groundnut for the purpose of harvesting the matured groundnuts for domestic, commercial and industrial uses.
Groundnut farming involves all the processes associated with the growing of groundnut. These processes include getting the seeds, land preparation, planting, maintenance of the groundnut plants, harvesting and marketing of the produce.
Groundnut is a leguminous crop. Groundnut can be used for domestic and industrial applications in Nigeria. Groundnut can be eaten as snack. Groundnuts can also be used for making foods. Farmers use groundnuts as a source of protein for animal feeds.
Do you grow groundnut in Nigeria? If yes, why not share your cost of growing groundnut with us in the comments’ section.
Read our latest article on the price of groundnut seeds here.
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