Cocoa Farming in Africa presents one of the brightest investment opportunity to local and foreign investors in agribusiness in this region. Cocoa has been and will remain one of the fastest selling agricultural product in both local and international market. Once you have it planted and nurtured to maturity, you harvest cash from it for many decades. The reason is because cocoa is a perennial crop that survive produce for many decades.
Ivory Coast and Indonesia are the world’s biggest cocoa producers, follow by Nigeria, while Ghana is in distant forth position. But one thing special about cocoa farming business in Africa is that the potentials in this sector is massively under utilized. There are thousands of acres of fertile lands in South West and South South Nigeria that are suitable for cocoa farming but currently wasting away. Cocoa was the mainstay of Nigerian economy before the oil boom. The moment oil was discovered, cocoa farming was abandoned, leaving the opportunity for any would-be serious farmer to exploit.
According to news report, Nigeria recently gave over 10,000 Hectares of fertile farm land to Indonesia for Cocoa and Oil-Palm Production while you are there pursuing useless jobs that doesn’t exist.The consequence is that Indonesian farmers will produce cocoa from the land, export it oversea, sell in dollars and repatriate the fund back to their country.
Opportunities In Cocoa Farming In Africa
A bag of Cocoa is currently sold for $200 (N38,000 in Nigeria) and about the same price in Ivory Coast and Ghana. If you have 1,000 bags of cocoa right now, you can easily swap it with $200,000 (N38,000,000) cash!
To achieve this, you can count on the early-maturing, high-yielding, disease-resistant beans to help double your farm production in two years. This varieties of cocoa plants mature in about 18 months. If you are in Nigeria, you can get the variety from the Cocoa Research Institute of Nigeria. While the traditional cocoa crop takes about four to five years to mature, the improved variety takes just one and half years.
The new varieties produce 1 1/2 metric tons of cocoa per hectare (2.47 acres) each season compared with the older types which yield 1/2 ton. South Africans are now killing foreigners in their land who came for greener pasture. In Malaysia, you could be framed up, accused of drug offenses and get sentenced to death for doing nothing just because you are a stranger.
In the United States of America and UK, you could make all the money but end up paying everything back to the Government for taxation. Why not look for opportunity in your own country and develop it? Cocoa farming is one of such opportunities in many West African countries. Ghanians and Nigerians are returning home to Start Commercial Farming in Cocoa, Oil-Palm, Charcoal export, etc. You should be one of them. If you are a foreign investor, the opportunity for cocoa farming in Africa is also open to you.
You shouldn’t be caught making excuses that the economy is bad. As a matter of Fact, the city is too crowded, There’s much space to be occupied in the Rural Areas. Join the Farming Train and Start Making your money while you contribute to your country’s GDP.
Marketing Of Cocoa Produce
Marketing of Cocoa is extremely fast and easy. Cocoa is probably the only farm produce you can market in just one day no matter the quantity you have. This is because the whole world depends on Cocoa for it’s daily foods and beverages need.
You don’t have to worry about marketing, all you need is to have your own farm, start producing cocoa, and watch the market come after you. This gives you an edge in Cocoa Farming business. Once you have worked hard to setup your farm, nurture your cocoa to the point of production within two years, you just sit back and start reaping your harvest year after year for at least 30 years.
In Nigeria, We are not producing enough Cocoa. There is a need for more participation in cocoa farming in Africa. Proper Management is also needed to get the best yield.
There are people who make millions of dollars in Cocoa without owning a farm, you can become one of them too. Cocoa Dealers or Cocoa Agents make money by buying the cocoa beans from the farmers and selling directly to the Confectionery and Beverage companies. The business is equally available for Companies that wants to go into Cocoa Marketing, Distribution, and Exportation.
SEE ALSO: How To Start Cocoa Farming In Nigeria