How much can I make from rice farming in Nigeria?
In a rice farm cycle which usually 12 months, a rice farm investment can pay up 25% ROI or even more. This means if you invest N100,000 for instance, at the end of the farm cycle, you will receive a total sum of N125,000 (your initial investment of N100,000 and a profit of N25,000 on your investment).
How long does it take to grow rice in Nigeria?
Every household in Nigeria consumes rice and the demand for this product will only grow up high! Yields early. Many crops need from six months to one year to be ready for harvest. At the same time, rice needs only four-five months to be ready.
How many sacks of rice are in one hectare in Nigeria?
“Before, each hectare gives you 20 bags of rice paddy, but after taking us through best agronomic practices and providing us with farm inputs, we now harvest about 50 bags of rice paddy per hectare”, he said.
Which state produce more rice in Nigeria?
Kaduna
Production of Rice, 1000 metric tons Kaduna is the top region by production of rice in Nigeria. As of 2005, production of rice in Kaduna was 630.3 1000 metric tons that accounts for 19.80% of Nigeria’s production of rice. The top 5 regions (others are Niger, Taraba, Benue, and Ebonyi) account for 60.60% of it.
Is there money in rice farming?
All rice areas achieved positive net returns in 2018, averaging $131 per acre. Consistent positive returns from rice suggest that rice farming is likely to remain viable in the future despite rising costs and only slight expected-price increases.
Are rice farms profitable?
The pathway is mechanized consolidated farming with full inputs that will bring incomes to P110,000 per family per year. This means an average yield of over 6 tons/ha per season at an average farm price of P15/kg and farm cost of P50,000/ha with two full crops per year or 200% cropping intensity.
How much is a bag of rice sold in Nigeria?
A cup of rice in the market goes for 100 to 150 depending on whether its local or foreign. A derica of rice will go cost between 500 to 600….The average price of 50kg bag of foreign rice in Nigeria is ₦27,000.
| Rice Brand | Size (bag) | Price |
|---|---|---|
| Falcon Rice | 5kg | ₦10,000 |
| My Choice | 50kg | ₦31,000 |
What is the best month to plant rice?
Based on these studies, rice yields are greatest and most consistent from year to year when varieties are planted in late March. Averaged over all the data, rice can achieve 95% or greater of its maximum yield potential when planted from March 20 to April 20.
How many times a year is rice harvested?
Rice is sown from October to December and harvested in March to May in southern New South Wales.
Where is rice mostly grown in Nigeria?
The main rice producing states in Nigeria is; Ebonyi, Kaduna, Kano, Niger, Benue, Taraba and Borno, others states includes Enugu and Cross River. It is a staple food in the country and the most widely consumed, according to 2012 FAOSTAT data, it is 3rd highest global food production, after sugarcane and maize.
Which state is best of farming rice?
TOP 10 HIGHEST RICE PRODUCING STATES IN NIGERIA (2022)
- KEBBI STATE. Kebbi is the state with the highest rice production rate.
- BENUE STATE.
- EBONYI STATE.
- EKITI STATE.
- JIGAWA STATE.
- KADUNA STATE.
- KANO STATE.
- OGUN STATE.
How do I start a rice farm?
Step By Steps Plan On Rice Farming Business
- Step 1 – Choose A Quality Seed.
- Step 2 – Choose The Right Land.
- Step 3 – Land Preparation.
- Step 4 – Choose A Planting Method.
- Step 5 – Water Management.
- Step 6 – Apply Fertilizer.
- Step 7 – Control Weed And Pest.
- Step 8 – Harvest And Thresh.