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Profitable Cash Crops To Grow In Nigeria

Discussion in 'Agriculture Business' started by Celestina Angel Serome, Aug 1, 2019.

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  1. Celestina Angel Serome

    Celestina Angel Serome Administrator Staff Member

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    Many Nigerians are now going into farming activities, because it's a way of making earns meat; the cultivation of crops has proven to be a profitable one for farmers. Though some farmers may not start on a large scale, but then profits are still made from the small piece of land cultivated.

    It is true that agricultural farming business can be a lot more profitable when done on a large scale. It is also true that when there is no experience or expertise, trading on a large scale might just bring a huge loss, and probably a quick shut down of business instead of making profits.. So, for beginners, it is best to start farming on a low scale until you are well experienced.

    Some farmers cultivate their lands for the sole purpose of personal use, while other farmers turn their agricultural farming into a source of livelihood by earning from it.

    Crops tend to grow well when the soil and climatic conditions are favorable to it. For a commercial farmer his farm produce are based on cash crops. Cash crops are crops that are grown commercially to be sold to final consumers or companies, since commercial farmers aim is to make profit from their produce sold; they will most definitely cultivate cash crops that are largely consumed by final consumers and companies. Some of the cash crops are exported to other countries.

    Are you a small-time farmer, who's passionate about farming, and would want to invest on farming in order to make profits? Here are some profitable cash crops to grow in Nigeria.

    Profitable cash crops include:
    Beans, sesame, cashew nuts, casava, cocoa, groundnut, kolanut, maize, mellon, millet, palm kernels, palm oil, plantain, rice, rubber, sorghum soyabeans, banana and yam.

    After listing out the cash crops grown in Nigeria, i will give a brief explanation on a few of them, and also their by-products.

    1 casava
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    This crop is rich in carbonhydraye, calcium, vitamin BC, and essential minerals. One thing you have to know is that nutrient composition differs according to variety, climatic conditions, soil conditions and the age of the harvested crop. It is mostly grown by small scale farmers who are into subsistence farming. The farmers most time sell out the supplies gotten from their harvested casava.

    By products of casava include:
    Food, flour, animal feed, alcohol, starches, sweetners etc.

    2. Palm kernel.
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    This is the edible seed of the oil palm fruit. The fruit produces two distinct oils; palm oil derived from the outer parts of the fruit and palm kernels oil derived from the kernel. The pulp that is gotten from the kernel is used to produce palm kernel cakeu sed in the feeding of cattles.

    The two major by-products of palm kernel are:
    Palm kernel expeller (palm kernel cake)

    Palm nut shells used as a biofuel.

    3. Millet.
    Millets are a group of highly variable small seeded grasses, widely grown around the world as cereal crops or grains for human food.

    By-products include :

    Millet flour, millet rice, millet grains etc.


    4. Soyabeans
    This is a leguminous crop that is well grown for its edible bean. Soya bean are processed for their oils and meal.

    By products:
    Soy milk, soy flour, soy protein etc.


    5. Plantain
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    This can be used for cooking, either ripped or not. The more it rippens the sweeter it becomes. Green plantains are firm, starchy and resemble potatoes in flour.

    Exporting plantain from Nigeria is profitable; as a matter of fact, plantain farming in general is a wealth producing venture.

    Do you know that Nigeria is the highest producer of plantain in Africa; at the same time, Nigeria is the seventh largest producers of plantain in the world.

    You too can join in this lucrative business of plantain exportation

    By-products of plantain include:
    Plantain chips, plantain flour etc.


    6. Yams
    Yams are perennial harbaceous vines cultivated for the consumption of their starchy tubers in many temperate and tropical word regions.

    When it comes to export of agricultural products for profit, Yam tuber exportation should be on top of your list.

    By-products are:
    Yam flour, fried grated spiced yam, yam gruel(amala), fried yam etc.

    7. Maize

    Maize also known as corn is a cereal grown and eaten by many people. The leafy stalk of the plant produces pollen inflorescences called ears that yield kernels or seeds which are fruits.

    By-products are:
    Maize kernel, oil kernel., fibre, vitamins and pigments.

    8. cocoa
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    Cocoa or simply cocoa bean is the dried and fully fermented seed of theobroma cacao. From which cocoa solids and cocoa butter can be extracted. Cocoa is a food crop exported in Nigeria, you as well can join in the exportation of cocoa to other countries by venturing into cocoa business in Nigeria


    By-products are: cocoa pulp juice, cocoa pudding husk, cocoa powder etc.

    9. Groundnut.
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    This crop is a legume crop grown mainly for its edible seeds. It is widely grown in the tropics and sub tropics, it is also important to both small and large commercial producers.

    By-products includes:
    Peanut butter, peanut flour, concentrates and isolates.

    10. Beans.
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    This is a seed of a flowering plant which are used for human and animal food. It is also of the leguminous plants that is exported in Nigeria.

    There are different varieties of beans, and they are:
    Fava beans
    Navy beans
    Kidney beans
    Pinto beans
    Black beans
    Chick peas.


    It's no doubt that agriculture is a lucrative business in Nigeria. You as well can make great profits if you join in the agribusiness. I hope it's helpful to you most of you.
     

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