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INVESTMENT IN GROUNDNUT PRODUCTION
 
 
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INVESTMENT IN GROUNDNUT PRODUCTION

INVESTMENT IN GROUNDNUT PRODUCTION



Ground nut which is widely grown in the tropics and sub-tropics can be classified as a grain legume . It is rich in oil content which made it to be called oil crop . It has a world annual production of about 46 million tonnes per year. Groundnut is a legume crop which develops on the ground . And it is rich in vitamin B , vitamin E , manganese , magnessium, phospherus .

Groundnut is mostly produced in Asia with China as the highest producer of groundnut . Countries that produce this legume crop include ; India ,USA, Nigeria, Burma USA, Nigeria, Burma ,Indonesia, Argentina , Chad , Senegal and Ghana .It was first grown in paraguay. Groundnut is mostly produced in the northern part of the country . It is grown in the rainy season . It can be used to make peanuts , butter candy bars etc . Peanut pod develop under the ground .

METHOD OF PRODUCTION

groundnut is produced locally from the farm . The first step in the production of groundnut is getting a land . IT is not all land that is good for groundnut production . You will first acquire a land that is good for growing on groundnut . -Then , the next thing is clearing of the farmland . It is not advisable to apply the principle of bush burning in this farming operation as you may end up killing the micro- organisms that are in the soil . - Till the land . You can use a ridging machine for this operation or also use a tilling machine . - Cultivation is now followed . After tilling the land , you cultivate your groundnut .

When it germinates and stays for some days , you apply your manure. It can be organic or inorganic manure . It depends on which one you want to apply . After some weeks , you weed your farm . If pest is attacking your farm , you spray insecticides in your farm to prevent pests from attacking your farm . Groundnut production stays for a duration of 3 to for 4 months before its maturity . When it matures , you harvest it .

HOW DO YOU EARN WITH GROUNDNUT PRODUCTION

You can invest in this business and cultivate a large farmland. You can employ labourers who will work in your farm . When it has matured for harvesting , you then harvest and and sell to people . You can sell it to companies who specialize in peanut production . You can also sell it to people who specialize in frying of ground nut . A cup of ground nut is costly . And lets say that you sell a bag of ground nut for 25,000 each time you harvest it . You will discover that you will make huge income through it within some months into the business . You can also export your product to other countries and from their , you would build a business empire. So many rich billionaires in the world today only specialize in ground nut production. And today , they are the top exporter of ground nut .

One lovely thing about this product is that you can use it to produce so many things like peanuts etc. It is of high demand in the market . People like buying ground nut on a daily bases either to harness the vitamins in it or to chew it . It can also be used to produce ground nut oil.

WHAT ARE THE THINGS YOU NEED FOR THIS BUSINESS

The major thing you need for this business is land and farm implement . You can then hire labourers if their is need for it .

WHO START GROUND NUT PRODUCTION

Any body can start doing this business. As an unemployed youth in the village that have a small piece of land . You can invest in ground nut production in that land and use the income to develop other business ideas you have .

In summary , production of groundnut is an easy task which any one can do . You don’t need to learn how to produce it before you can start . So start groundnut production in that your piece of land today



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