Banana(Matooke) growing
Submitted by sendowooza on Wed, 07/31/2019 - 15:04
Venture:
Banana Farming
Venture Category:
Agriculture
Image:
Venture Size:
450 banana plants
Initial Capital Required:
1,980,000
Initial Labour Units:
Pits of banana suckers cost 2000/= @. You need 450 X 2000 = 900,000/=
Initial Inputs:
1. Banana Suckers , 450 @2000 = 900,000/=
2. One trip of Cow dung @120,000/=
3. 20kg of DAP @3000 =60,000/=
Cost of Initial Inputs:
1,980,000
Variable Costs:
Costs on Mulching, fertilisers, Labour
Optimal Venture Setting:
Any where where land is not dry
Available Market:
Local markets
Product Market Price:
@ cluster costs minimum 15,000/=
Brief Venture Description:
Overview:
Banana (Matooke) is a widely grown plantation in Uganda & basically is consumed on a daily basis by many homesteads.In a year a banana farmer can get 1350 clusters of matooke . But you can sell one at 10,000/= X 1350 = 13,500,000/= or a farmer can sell one at 15,000/= X 1350 clusters in ayear that means your getting 20,250,000/= from the garden without injecting in money for transport to access the market, clients can find you on farm.
Spacing:
Spacing for banana suckers pit should be a minimum of 10ft x 10ft.
Diameter of sucker pit should be 3ft.
Depth of sucker should be 2ft.
Business Challenges:
Competition with large scale farmers