Profitable Banana Farming Business; Know Cost & Profit Details

Banana Farming is gaining popularity day by day. Cultivation of bananas requires few simple steps but good management practices so as to earn a good profit out of it. There are many people, who would like to do the Banana Farming Business because, in recent times, it has become a common trend to have a farm either for the food crops, poultry & livestock, this is because of its high-profit yield. 

By following basic guidelines you can earn a really big income through banana cultivation. Below are the tips that will guide you in Starting your own Banana Farm at any location in the whole world:

Have Sufficient Money

• Money takes the lead in starting any kind of business in the whole wide world. It does not matter if you want to learn the business tips or start a business, you will definitely have to invest a certain amount to acquire the training or to start the business itself.

• In the farming business, whether it is small-scale farming or large-scale farming, you must have a certain amount with yourself to tackle any kind of financial need, which may arrive at any point of time.

• One should plan very well before starting a business, you can choose to start with a small & slowly and gradually advance it later when you made enough cash from the business.

Get Appropriate Farmland 

• The banana plantation is one of the kinds of commercial agricultural farming, which requires an appropriate site facility under the tropical climatic conditions to give the best of its productivity.

• For banana cultivation, you can buy land, which is cheaper in rural or suburban areas, or you can or look for farmers, who can share the land with you. Keep in mind that the land should have the right kind of soil for banana cultivation.

• Be mindful while selecting fertile land for the banana plantation, because the fertility of land will lead you to determine the kind of yield, which you will get from your banana farm.

Soil Check

• Below are the tips, which you will need to follow while starting a banana plantation. One cannot discover an empty land and start a banana plantation, without knowing the type of soil that a banana plantation requires to do well.

• After you have acquired land, check if the soil meets up with the type of soil that you require for the banana plant to survive and provide a better yield.

• Banana can grow from the poor to the richest of land, but the success depends on the type of soil that banana farming requires a good fertility land along with good moisture content & drainage.

• The banana cultivation requires a rich loamy soil accompanied with pH values ranging from 6 – 7.5. The soil should have a good quality of adequate nitrogen, potash, phosphorus & some organic contents, not too much alkaline or acidic.

Note: The land should undergo a soil test before using it for commercial banana farming. Saline, Calcareous & Sandy soil are not good for a Banana plantation.

Banana Sucker Treatment 

• The sucker is first of all planted in a nursery, and then transplants this into the already prepared moist soil & makes sure to space out properly. The banana sucker is a small shoot, comes from the base of banana plants. Every species of the banana have suckers, where the plantation emerges. It should be well-trimmed & treated before putting in the soil.

• It is advisable to treat the sucker as it helps to get rid of pests & disease that attacks the sucker at the zone. The sucker can be treated by the method of red acalypha leaf extract or boiling water treatment.

Planting Season of Banana

• Banana planting is the best during the late spring & early summer season around May-June or in the month of autumn September-October.

• Banana Farming suggests when temperature increases it will accelerate disease development in bananas. The distribution of rainfall is said to have a larger impact on the harshness of the banana disease. 

Cost & Profit in banana cultivation

In banana cultivation, about 3000 plants are planted in one hectare i.e. up to Rs. 45000-60000, you will have to spend only on plants. At the same time, around Rs. 2.5-3 lakh per hectare is also spent in the care & management of plants throughout the year.

Cultivation of bananas in one hectare will cost about Rs. 3-4 lakh (for entire 12-14 months). Moreover, up to 25-40 kg of bananas come out per plant. In this way, about 100 tonnes of bananas are produced from one hectare. These bananas sell between Rs 10-15 per kg. Assuming an average price of Rs 12, you will earn Rs 12 lakh. On the other hand, if we remove the cost, you get a profit of Rs 8 lakh.

Conclusion

Banana farming is considered extremely beneficial not because it serves as a source of food. It also creates self-employment for farmers to become banana exporters & renowned suppliers to the beverage companies. It is used in making mixed fruit salad, dessert, juice, salad & more.