Thursday, July 25, 2013

Groundnut production business

Groundnut is one of the best products that every good business man would like to go into,groundnut is usually called peanut in some countries.it has a wide application in many areas like

 medicine,manufacturing ,food e.t.c. Now below are some of the features of groundnut that makes it very good;
1)      It has a very high productivity.
2)      It matures very fast.
3)      It yields very well.
4)      It is not stressful to cultivate and tend.
5)      It does well in various climates.
Now with all the above advantages of groundnut everybody that wants to go into business should consider it and also it is very cheap to buy and cultivate. Now   below are some things which are gotten from groundnut;
1)      Salted peanuts.
2)      Peanut butter.
3)      Peanut flour.
4)      Peanut hearts.
5)      Peanut meat loaf.
6)      Peanut wafer.
7)      Chili sauce.
8)      Cooking oil.
9)      Cream for milk.
10)   Salad oil.
11)   Butter milk.
12)   Mayonnaise
13)   Curds.
14)   Vinegar.
15)   Crystalised peanuts.
16)   Golden nuts.
17)   Cheese cream.
18)   Cheese nut sage.
19)   Dry coffee.
20)   Cream candy.
21)   Instant coffee.
22)   Laundry soap.
23)   Sweeping compound.
24)   Peanut orange punch.
25)   Peanut lemon punch.
26)   Peanut koumiss beverage.
27)   Ice-cream beverage.
28)   Evaporated peanut beverage.
29)   Rubbing oil.
30)   Iron tonic.
31)   Tannic acid.
32)   Medicine similar to castor oil.
33)   Emulsion for bronchitis.
34)   Castor substitute.
35)   Goiter treatment oils.
36)   Quinne laxatives.
37)   Hand lotion.
38)   Face lotion.
39)   Vanishing cream.
40)   Face bleach.
41)   Tan remover.
42)   Baby massage cream.
43)   Shampoo oil.
44)   Shaving cream.
45)   Face ointment.
46)   Glycerine.
47)   Face powder.
48)   All purpose cream.
49)   Dandruff cure.
50)   Toilet soap.
51)   Dye for leathers.
52)   Dye for soap.
53)   Wood stains.
54)   Paint
55)   Special peanut dye.
56)   Insecticides.
57)   Gasoline.
58)   Linoleaum.
59)   Wall boards.
60)   Insulating boards.
                         e.t.c.

Now companies that manufacture all of the above are always willing to pay you the producer lots of money to sell your products to them so they could make it. From this you can see that if you start groundnut production business in no time you could begin exporting as Nigeria is very much blessed with the perfect soil for this unlike some other countries.Now below I will be telling you how to start;

Things you need;
1)      Land can be leased to you for just  N50,000.00.
2)      Hire a tractor to clear the land from the ministry of agriculture for just N20,000.00 or you use manual labour of N10,000.00
3)      A bag of raw groundnut seeds for only N2000.00.

Now with all the above you are already a head start to doing your business how to go about it;

1)      Clear the land with a tractor.
2)      Brush it up.
3)      Make sure you have a nusery where you are tending the groundnut as this is usually important before you go into the field to cultivate them.
4)      Then you should make heaps.
5)      Pour water on the heaps.
6)      Then the next day begin sowing your seeds.
7)      This plant requires you to constantly water and weed its field as it is a leguminous crop.

Now you must not forget that this plant has a very high yield one could give you up to 50 shells of groundnut,so you should know how you plant them. Now after harvesting it and storing it you could market it through any of the ways below;

1)      Sell it to the market women in your local market as this product sells very fast, they will be more than willing to buy from you.
2)      Get contact details of companies that produce any of the above products from www.oloja.com and contact them and sell it to them.

This business is so lucrative that anybody that goes into it with at least N300,000.00  will surely begin making about N2,500,000.00 profit on his/her first sale. 

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