How profitable is cashew plantation?

How profitable is cashew plantation?

The results show that a one-hectare cashew plantation has a net present value of GH¢260.82 ($343.16) when discounted at 25\%, a benefit-cost ratio of 1.13 and an internal rate of return of 43.85\%. These indices show that cashew production is profitable.

How profitable is cashew farming in Nigeria?

As stated earlier, Nigeria is the 6th largest producer of cashew in the world with an annual production volume of about 120,000 tonnes. Also, the cashew Industry in the country provides over 600,000 jobs and total annual trade worth N24billion, thus making the sector a major contributor to Nigeria’s non-oil GDP.

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How much do cashew farmers make?

The total cost of 178 kg of raw cashew nuts is: Rs 30,260.00. The profit earned in the 3rd year of planting is: (maintenance charges – income generated) = (Rs 30,260 – Rs 26,000) = Rs 4,260. The profit from the cashew cultivation may change depending on the yield of the tree and the quality of the product.

How long does a cashew tree take to grow?

two to three years
Cashew nut trees (Anacardium occidentale) are native to Brazil and grow best in tropical climates. If you want to grow cashew nut trees, keep in mind that it will take two to three years from the time you plant until the time you harvest nuts.

Which fertilizer is best for cashew tree?

Application of 10-15 kg of farmyard manure per plant is recommended to ensure adequate organic matter in the soil. The fertilizers recommended for a mature cashew tree are 500 g N (1.1 kg urea), 125 g P2O5 (750 g Single Page 5 Super Phosphate and 125 g K2O (200 g muriate of potash).

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How long does it take for cashew tree to grow?

Cashew plants start bearing after three years of planting and reach full bearing during tenth year and continue giving remunerative yields for another 20 years. The cashew nuts are harvested during February – May. Normally, harvesting consists of picking of nuts that have dropped to the ground after maturing.

How long does it take for cashew seed to germinate?

4 days to 3 weeks
If you have collected the fresh seed from the Cashew tree, dry it in the sun for 3 days and soak in water overnight before sowing. Sow the Cashew seeds in good quality seed starting mix; the seeds will germinate anywhere from 4 days to 3 weeks.

How do you set up a cashew plantation?

Plantation Procedure of Cashew Crop: Fresh seeds that sink in water are planted in an upright position in a planting bag containing a loose, sterilized soil mixture. 3 to 4 seeds can be planted directly in the planting hole. The weakest ones are thinned out later and the strongest left to develop further.

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How long does it take for a cashew tree to bear fruit?

Cashew Nuts Growing Tips Sow fresh cashew seeds for germination, as they germinate easily. A tree grown from seeds take 3 to 5 years to produce its first fruits.

What is the yield of cashew per acre?

The hybrid variety of plant will yield nuts weighing 12- 13 grams. Farmers can harvest 18 to 23 kilograms of nuts from each tree per year and an acre of cashew plantation can produce 1,300kg nuts per year, officials said.