QUOTATION FOR A 10 ACRES CASSAVA AND MAIZE PLANTATION Jan 08,2022

ACTIVITIES PRICE [IN NAIRA]

1] Land preparation ………………………………….. ………………….150,000

2] Ploughing ,arrowing and ridging…………………………………..150,000

3]Pre –emergence for weed control after cultivation………..60,000

4] Manpower to spray……………………………………………………....40,000

5]Napsack rentage……………………………………………………………..10,000

6]Treated maize to be planted/transportation……………....….30,000

7]Manpower to plant maize……………………………………………….30,000

8]Cassava stem to be planted [200 bundles]…………………….100,000

9]Transportation of cassava stem to the farm …………………...20,000

10]Manpower to plant cassava…………………………………………...50,000

11]First weed control………………………………………………………….100,000

12]Thinning ………………………………………………………………………..20,000

13]Ferterlizer and transportation ……………………………………….100,000

14]Second weed control………………………………………………………100,000

15]Manpower to apply ferterlizer………………………………………..30,000

16]Chemicals after maize harvesting……………………………………40,000

17]Manpower to spray/knapsack rentage…………………………….40,000

18]Supervision and management………………………………………….80,000

……………

Total 1,150,000

NOTE :This quotation is based on present market condition, it might change as the market prices
flunctuates.

EXPECTED PROFIT

1] Minimum of 30,000 ears of maize is expected from 10acres of maize plantation , if sold from the farm
for #20 per ear…………………………………….30,000*#20=#600,000

2] Minimum of 80tons of cassava tuber will be harvested from 10acres of cassava plantation, if GAP is

diligently followed.
3] Presently a ton of cassava tuber costs #30,000………….#30,000*80=#2,400,000

4] Manpower to harvest 10acres of cassava tuber and transportation …….#300,000

NOTE: This might change depending on nearness to market to beat down transportation cost.

Maize = #600,000

Cassava = #2,400,000

Total income:

#3,000,000

#3,000,0000 - #300,000 = #2,700,000

Profit = Income – Expenditure

Profit = #2,700,000 - #1,150,000

Profit = #1,550,000

NOTE: The profit will be more if the cassava is processed.

Profit margin for dry maize

1)minimum of 4.5 tons of dried maize will be harvested from 10acres of maize.

2)If sold at peak period (around April/May)...a ton is sold for minimum of 220k

3)4.5*220k=990k

4)cost of harvesting,shelling,bagging and storage.....190k

Total...990k-190k=800k

Note :this quotation can change as Nigeria economy keeps fluctuating day in day out.
Overall total profit for dried maize

Maize profit =800k

This is 200k difference ...

1,550,000+200k

Total=#1,750,000