How to Start Rice Farming in NigeriaJune 18, 2022 2022-06-18 12:03
How to Start Rice Farming in Nigeria
How to Start Rice Farming in Nigeria
The second most widely grown crop globally is rice, after maize. A business-minded people can reap the benefits of starting rice farming in Nigeria. We currently have a significant demand in Nigerian markets as we speak, and virtually every home in Nigeria consumes rice daily.
This article will show you how to set up a profitable rice farming business in Nigeria.
Before we get into the details of starting a rice farming business, let’s discuss how lucrative Rice production could be in Nigeria.
The third-most valuable industry in the world is agriculture. Technology and the Oil & Gas Industry cannot feed the world’s population. Crops can. Rice production in Nigeria, a popular product, is expected to succeed.
After the oil and gas industry, Nigeria’s second most profitable business is agriculture.
Rice is an integral part of almost all Nigerians’ diets; Nigerians consume approximately six million of rice each year.
About 70% of the rice is produced locally. Because local production cannot meet the high demand for rice in Nigeria, the Nigerian government must import approximately 1.8 million rice each year.
The amount to make in the rice farming business is around 365 billion Nigerian Naira.
It means that there are many business opportunities in Nigeria for rice production.
Even local production cannot meet the needs of the market. Even if your focus is on the local market, it will still be a win-win situation.
There has been a resurgence since the Nigerian government closed its land borders to ensure food security. The World Bank, Central Bank, and other governmental agencies are also helping boost the agricultural sector by supporting smallholder rice farmers to varying degrees. The agribusiness narrative is shifting, and rice farming is becoming more profitable.
Table of Content
OVERVIEW OF RICE FARMING IN NIGERIA
This article will share how to kickstart your rice farming business; there is some essential information you need to consider to profitability run a rice farming business.
From planting to harvest takes about four months, giving this business more return on investment than any other farming activity.
The government also provides grants and loans to farmers interested in rice farming, production, and distribution, as it is a significant and non-developing country to produce our rice to lessen the economic effect of importing foreign rice in the country.
Rice farming doesn’t require intense training before starting rice farming, and it is very straightforward as ABC by following basic rice farming practices. It doesn’t require significant capital to start, unlike other crops. Out of the proceeds, you can feed yourself and the entire family from produce from rice farming plantations, and it doesn’t need so much marketing to sell your rice. There is always a demand for rice throughout the year.
BUSINESS PLAN TO EXECUTE RICE FARM BUSINESS
Rice farming requires planning and feasibility studies. A business plan is one way to make sure you consider all aspects of your business.
It will help you determine the best steps to follow to achieve your vision. When creating your business plan, it is essential to consider critical elements such as location, marketing, funding, and other aspects. You can update your business plan anytime as the business grows.
You can also access funding from investors or financial institutions with a well-written plan.
This Business plan for rice farming in Nigeria will guide you on the cost implications of starting the business. In a year, we have three phases of harvest in four months.
There is a cost incurred while starting a rice farm in Nigeria.
The following cost of hectares of land, plowing and tilling the swamp region, Irrigation water channeling, cost of genetically modified rice seeds, and other additional expenses that might cost the owner an estimate of over 3 million Naira.
averagely a rice farm produces over 150 medium bags of rice at every production state, and a bag is sold for over 26,000 Naira Market Price
Here is the calculation
150 bags x 26,0000= #3900000
If you calculate harvesting to thrice a year
At the end of the year 1170000- 300000= 8700000
Here is the figure of profit made in a year with rice farming.
STEP BY STEPS PLAN ON RICE FARMING BUSINESS
Step 1: Select A Highly Modified Rice Seed
The initial step in the production of rice is selecting seeds. There are a variety of rice seeds that are suitable for different ecologies like lowland, highland mangrove swamp, and more.
Good rice seeds are resistant to diseases and produce plenty of grain at harvest.
Thus, it is essential to select a seed appropriate for the climate in which it is to be grown.
Step 2. Choose the Right Land
Once you have decided on the seeds to plant, the next step is to pick an appropriate land area. Rice requires less water as compared to other cereals. Therefore, it is recommended to choose land that can retain water, like swampy (clay) or loamy soils that contain organic matter.
Rice can be grown in various locations if there is water. However, it is recommended to plant in areas where rice is typically cultivated, like Kebbi, Benue, Ekiti, Jigawa, Ogun, Kaduna, Kano, and other famous states for rice agriculture within Nigeria.
Step 3. Preparation of the Land Preparation
Soil Preparation must be completed to ensure that it is perfect for the highest yield.
It is done by plowing or harrowing to make the soil level and tillable.
You can till the soil using the help of a tractor, hoe, or any other machine.
This allows the seedlings to grow in the proper depth and will aid in controlling weeds. Land leveling is another vital step and should be performed since it helps the seedlings grow and reduce erosion.
The land suitable for farming rice is more fertile from November through February after the rainy season. As the rainy season gets closer, the land should be prepared for planting. But, if your property is located in the savannah region, Preparation for your land will begin in February.
Step 4: Select A Method for Planting
Once the land is laid out, the second step would be to start planting the seed. The seeding process can be done by direct seeding or using nursery plants and then transplanted.
Direct seeding is the process of broadcasting or dubbing dry seeds or pre-germinated seeds either by hand or by machines. In the deep-water ecosystems and rainfed, the dry seed is hand spread on the soil’s surface and later is incorporated through plowing or harrowing while the sun is still dry.
In areas that are irrigated, the seeds are typically germinated before broadcasting.
Direct seeding is the best method to ensure that plants can be affected by weeds in the initial stage.
As the seedlings grow within the nursery area, they move from the nursery to the wet field. It is less costly and is an efficient way to manage the growth of weeds. Seedlings can be transplanted using a hand or machine, and it’s the most well-known method across Asia.
Starting rice farming in Nigeria is a very lucrative business to start in 2022; follow every information provided in this article, and you are good to go in starting an agricultural business.
Originally posted 2022-01-08 17:50:10.