Getting long time investment is what is in my mind right now. I was fortunate to get big farm land where I am working right now. I don't want the opportunity to pass over me. I went to School authority to grant me the land for Red oil tree plantation farming. Though I got cassava farm of which I planted 3 months ago from the same land. I decided to take another step for another farming project.
Palm tree farming is a lifelong investment. The moment it starts producing, you can continue harvesting it for 30 years or above; this is what makes it lifelong investment. Another important factor is that, every part of palm tree is useful- the palm fronds, palm fruits, palm kernel and others. The palm kernel is used for making cream while the by-products after the oil is extracted are used for making candles and other things I did not know. Palm oil is a healthy product for cooking food due to low levels of cholesterol; it is one of the best oil in the world.
This Is A Planted Palm Oil Seedling
Imagine having 2,500 palm trees, producing every season; you are a rich man. Malaysia Economy depends on Palm oil. Malaysia produces more than 15 million tonnes of palm oil to world market. Therefore, I can start producing palm oil for my environment. What intrigued me to start a red oil farming plantation is the high demand of palm oil in my environment. It is a hot cake product in my environment, 30 litres of palm oil cost nothing less than $73. 2,500 palm trees will give you nothing less than 10,000 liters yearly. 10,000 litres of red oil is equal to $24,333 every year. There are also other important products of red oil after extraction that will also bring money. One year of production paid the money I bought the palm trees and also pay parts of labourers.
One of the things I did before requesting for the land was testing the soil to confirm how suitable it is for plantation. Without even testing the land, I knew the land is good for palm oil. I just did the test because it is important to plant palm trees in the right density. What gave me confidence is that, for the next 30 years Government can not remember of using the land for anything. They have large acres of land in the area and the land I used is reserved for agriculture purposes.
After I was granted the land to use for my farming project, I used labourers to cleared the land. The land wasn't easy to clear because is a virgin land- meaning, no activity has ever done in the land before. It tooks the labourers 4 days to clear and remove the stalk and the weeds from farmland.
I went to institute of palm oil research to get palm seedlings, I discovered that the price has inflated. Before I started the farm, the price was $2.3 which I budgeted 90 seedlings, the price inflated to $2.5 which can only afford 82. I bought 82 seedlings of which is approximately to $206. I planted the 82 palm trees seedlings in the second day.
Though I still needs up to 2,418 seedlings for the remaining land
When I asked about the duration when the palm trees will start producing; the seller said, "it is hybrid seedlings and it takes up to 3 to 4 years to start producing. Therefore, I added pineapples, plantains and maize that will be given me more return before the palm tree starts producing.
This Are Palm Oil Seedlings
WHY I ADDED PINEAPPLES, PLANTAINS AND MAIZE
Waiting for 3 or 4 years may be a long journey and frustrating. I added maize because I knew after 2 and half months, the maize will be matured to harvest which I can use the money to get more palm seedlings. I am trying to make use of every opportunity to make sure I get the money to buy the remaining seedlings. Selling the maize will fetch me nothing less than $250.
I also planted plantains in the farmland, I got these plantain tubers free from my friend. When I got to his plantains' farm, I was amazed and carried away due to the land size and how the plantains produced. It is a big farmland that generates nothing less then $450 every month. He gave me one hundred pieces of the plantain tuber to plant it. I planted the whole 100 pieces on the second day with my labourers. The plantains take only 7 months to start producing.
The Maize are Two weeks now, and I also planted some 6 days ago
I also planted pineapples, but it wasn't much. Am just looking for all possible means to make sure I achieve my goals. By the time both plantain and pineapple start to produce, I will get money to continue my red oil tree plantation project.
these are bananas with 9 days maize
The most important stage of palm oil plantation is the planting stage. Adequate care to protect it from diseases, application of fertilizer, and routine checking.
pineapples
pineapples with 9 days maize
THE NEXT PROJECT IN THE LAND
large land for the continuation of my farming project
I needed money to clear the remaining land and remove all the tree stumps before planting palm seedlings. I want to be doing it stage-by-stage till I complete it.
Exploring simply means making use of an opportunity presented to you at the right time and getting more profits. It is another opportunity presented to me which I must make use of, so that bigger opportunity will set in.