STEP 1: DO YOUR FINDINGS:
Dear Agripreneur, I know you might be very excited at the idea of getting into plantain farming, but you must consider doing some findings on the area in which you want to locate your farm.
STEP 2: WRITE A BUSINESS PLAN:
As an entrepreneur that you are, you need to bring some clarity to your ideas and the only way to do that is by writing a business plan. Your business plan will contain the strategies to be used to run your plantain farming business, your vision and mission statement, your expansion strategies, expenses and many more. Think this plan through as many times as possible so you don’t forget any important details before your start the business.
STEP 3: ACQUIRE A SUITABLE LAND AND PREPARE IT :
Again, you know that plantain only grows in regions with tropical climate. With the right climate tackled, you need to get a land with the right soil composition, which should be welcoming to plantain growth. You might need on an average about two hectares of land to be able to take on commercial plantain farming.
Once settled with the right soil, size and climate, you would have to start preparing the land.
That is, adjusting the PH level of the farm land if it is not suitable. You would also need to put in labor force to dig holes on the farm, in which the plantain suckers will be planted
STEP 4: PLANTING MATERIALS:
A very important aspect of this business is to knows where to get good plantain suckers in great quantities. The advantage to this however is that once you succeed to get them, the farm can be sustained for thirty years without having to get new suckers, if and only if the land is kept in good condition.
STEP 5: LABOUR FORCE
If you need this business going, you definitely can’t do it alone. You need people to help you out, you need laborers.
You need them to clear the land, prepare it, plant the suckers, water them and carter for the plants. They also need to help you out with the harvest and maintenance of the farm. Hiring laborers has some financial obligations attached to it, consider that in your business plan as well.
You will also have to add the cost of equipment, pesticides and fertilizers.
The advantage with laborers is that their services are cheap, because they are considered unskilled compared to machinery. However you can still opt for the later, if it is within your budge.
STEP 6: PLANNING YOUR HARVEST:
You must make arrangements beforehand, so that your plantains are harvested once they are due. The last thing you want is to have damaged or rotten plantains.
Understand and learn the cycle of plantain farming, so you harvest them right on time and sell them. All this so you just don’t run at a loss.
STEP 7: MARKETING OF YOUR PLANTAINS BUNCHES:
The market for plantain is very large. You could sell your product to food processing companies or just market it to plantain retailers. Either ways, it is a win win.
The simple fact that plantain can be consumed in multiple and divers forms, gives your business an upper hand. This is to indicate that plantain farming is really, a profitable business to strategically consider as an entrepreneur.