Requirements And Cost Of Starting A Rice Farm In Nigeria

If you are looking for a profitable agribusiness opportunity, you should consider starting a rice farm in Nigeria. Learn how to start rice farming in Nigeria with the help of our article. You will the requirements and cost of rice farming in Nigeria.

It is no hidden fact that the rice farming business is among the most lucrative agricultural business anyone can start in Nigeria, For many reasons people overlook rice farming, maybe due to location or even capital of starting one, some ignores it and sees it as a normal business that can’t make much profit, some even see it as a poor mans business. But the truth is that, rice farming is very profitable as far as you have the knowledge, skills and capital to get started.

Starting a rice farm doesn’t come easy, There are many procedures involves in it. There are many Factors to consider which may range from location, how you want your rice farm to be and the size of the Farm.

Rice may be in different textures like long-grain, medium and short-grain. And choosing the right variety is what matters most. Rice farming proccesses takes about 3, 4 or up to 5 months to mature after planting. Before starting a rice farm in Nigeria, you must have large expense of land, the equipments needed to start a rice farm, and other required things which you will learn on this article.

Starting A Rice Farm In Nigeria

Follow the below stufs to start a rice farm;

1. Develop A Business Plan:

Have a strong business plan, a strategie plans and outlets before you start a rice farm. Rice farming requires a proper planning and conducting a good market analysis. You will need to figure out the market, competition and developing a good marketing stategy. Look into the financial aspect of it like the equipments, the cost of buying or renting land and the neccessary funds needed to maintain and sustain your farm, These are things to figure out when creating a rice farming business plan.

2. Choose The Right Location:

There are some certain requirements to consider when choosing your rice planting location. The best soil for planting should consist of slightly acidic clay. However you are planning to grow rice, make sure there is steady supply of water, and the area for planting should be able to receive full sunlight.

3. Purchase The Rice Seeds:

Buy a good rice seed from a successful rice farmer or a relaible source. Ensure that they are disease free. And note that rice has so many varieties, choosing the right one is another way to a successful production.

Now that you have purchased the right seed, you have to soak them in order to prepare them for planting, The maximum time should range from 10 to 20 hours, And remove the seed once it reachs the required time. Make plans on how you will plant your rice (method), ensure that the areas shouldn’t be over-flooded, but need to stay wet.

4. Planting And Cairing For Your Seedlings:

Plant your rice seeds throughout the prepared soil, and note during spring or fall season. Make sure to get rid of weeds, till the beds and level the soil. The rice seeds need all the nutrients and space to grow well. Keep in mind that the soil should be wet all the time. The soil is meredilly important for the good growth of your rice. Be better prepared to take your responsibility serious as a rice farmer.

Thin/space out the seedlings while planting for the best result, some may decide to start with nursery bed so as to allow easy movement, that is transplating. Ensure that you give your seedlings the best care they may require.

5. Harvesting Your Price:

It takes about 3, 4 or even 5 months for your rice grains to mature. At this point, they will be up to 17 inches tall. Let the water dry our or you drain out waters before removing the rice for harvesting. It should turn from green to something gold in one or two weeks time. That is when you will know, then they are totally ready.

When the rice has turn something like gold colour, you should cut the stalks and let them dry for 2 to 3 weeks. You can rap them and keep them in a dry area for that 2 to 3 weeks. You will get the grams clearly when the moisture has fully dry out out.

Bake the rice in the oven fan an hour at about 80 degrees. Then remove the rice stacks and warm it again. The rice shouldn’t be burnt. And the expected colour should be a golden brown, After following this procedure, you should let them cool. The next option is to seperate the karmls from the hills. In fact, the procedures involves in harvesting rice includes cutting, stacking, handling, threshing, clearing and lanling,Also take note that harvesting can be done manually or mechanically.

You now decide on how to market your rice, you have to implement your marketing strategies in order to get the desired growth for your rice farm.

Cost Of Starting A Rice Farm In Nigeria

Starting a rice farm in Nigeria requires proper planning and a good marketing and business strategy. Starting a rice farm is not an easy task, as the processes involved are too numerous. However, when conducting an analysis on the capital needed to start up this business, the key factors should base on your location, size of the farm, the needed materials and equipment. As a matter of fact, you will really need huge capital to start a project like this. You will need an estimate of $150,000 to successfully set up a rice farm in Nigeria in a medium scale.