Income & Expenditure Analysis for 10Acres of Oil Palm Trees in Nigeria 2025

Описание: Estimate For Setting Up 10Acres of Oil Palm Trees.

♦️Land Clearing/Smooth Preparation= #800,000

♦️Matured Improved Seedlings Procurement (F1 Hybrid Tenera) Costs #1200 Per Seedling

Using standard spacing measurement of 9m triangular, each acre can contain 60 Oil Palm Trees. Therefore, for 10 acres you will need 600 seedlings.

(600x#1,200)= #720,000

♦️The 10acres will require 5 bundles of wire-collar for protection against animal attacks. Each bundle cost #30,000.

5 bundles= #150,000

♦️Professional mapping, protecting with the provided wire-collar, accurate mark-in-outs and planting of the whole 10acres= #400,000

Farm Management For 3 years= #500,000

TOTAL=#2,570,000

🌴INCOME ANALYSIS🌴

A matured plantation will annually start producing 4 Tonnes per Hectare of Red Palm oil from the fourth year after planting. 20 Metric Tonnes of Oil can be obtained annually from 4 Hectares (10 Acres) Plantation.

One Tonne of Red Palm Oil=1000 liters.

Therefore, 10 acres= 20,000 litres of oil annually.

The Oil is being sold per gallons (25 litres) 20,000/25 litres=800 gallons.

Each gallons is sold within the range of 25,000 naira to 30,000 naira.

We will calculate using the worse case scenario 25,000naira.
Therefore, NGN25,000 x 800gallons= NGN20,000,000

A Gross revenue of NGN20,000,000 is obtained from Red Palm Oil.

We can also get 2.31 Metric Tonnes of Palm Kernel per Hectare annually.

This gives us 9.24 Tonnes from 10 acres.

#oilpalm #palmoil #agriculture