Earning 400,000 naira monthly without having to lift a
finger is not just a fantasy but a reality. There are several pension plan but
let’s consider a professional due for retirement in seven years then gets a
loan or a savings of 4million naira.
One of the quickest things that comes to mind is real
estate, starting a transport business, maybe buying stocks and a host of
others. It may never occur to such a person to consider the profitable sides of
agriculture.
Let me show you why agriculture and most especially cashew
is your best pension plan:
1)
With four million, you can own 20 acres of
cashew plantation
2)
Cashew tree can last as long as 25 to 40years or
more and before 25years you can re-cultivate to ensure continuity for
generations.
3)
This 20 acres is another collateral on its own.
4)
In the first two years of cashew plantation, it
can be intercropped with other crops with profits being reinvested in more
cashew plantation.
5)
With best practices agriculture, intercropping
can make you break even in just two years
6)
In the first year of fruiting, at least 30% of
your investment will return to you
7)
By the third year of fruiting i.e. sixth year of
cultivation, you would have made all you invested sum.
8)
Amazingly, an acre of cashew plantation cost
between 20,000 and 25,000 naira to maintain annually.
9)
By the fifth fruiting year, an acre of cashew is
capable of yielding 1ton of raw cashew nut i.e. 20 acres will yield 20tons
10)
The average price of a ton is 240,000naira
11)
This means 4,800,000naira is realistic i.e.
400,000naira monthly in the fifth fruiting year which on the 7th
year of cultivation
12)
All this returns are within 10years of
cultivation and this jut the average yield.
13)
The older a cashew tree gets the more it yields.
14)
Remember because of the intercropping that is
possible in the first two years, you can use your yield on it to get more
cashew plantation.
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