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How to invest in Palm Tree Plantation Business Plan and make money and endless profits on the long-run

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The palm tree is a tree with known multiple and immense economic benefits. No part of this tree is without financial benefits. So any business you venture into and it happens to be related to palm trees, rejoice because you must surely excel in it with the right business management skills, strategies and plans.

The trunk is a good and special type of firewood, the leaves are used as food for goats, cows and livestocks, the branches are used for making brooms as well as for the construction of roof thatches and also for the building of fences. The palm fruits are so useful for the extraction of palm oil, the palm fruit can be warmed in the fire and eaten by sapping the boiled oil part of the seed, the palm seeds can be can be eaten as local delicacies with steamed breadfruit seeds and garri. Also, palm seed oil popularly known as 'Ude Aki' in Igbo land is a very useful extract used for medicinal, health and skin remedies.

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[Post Image Courtesy of 9ComeBack at FreeDigitalPhotos.net]

The palm kernels are used for making industrial steam engines and ovens and also, as a substitute to firewood used for cooking food by various households.

Having considered all these huge benefits and advantages accruing from various parts of the economic tree - the palm tree, I hope you are now fully convinced that the business opportunities offered by the tree is very numerous. Now, I want to teach you how to successfully start a palm tree plantation and make millions of money in no distant time.

• Firstly, you need a land. Simply consult the relevant authority in your state and you will get a free piece of land for the business. All over Nigeria, each state has a designated River Basin Development Authority whose sole functions includes the assignment of plots, acres and hectares of land to enterprising individuals strictly fo agricultural business purposes and not for the building of residential houses or siting of other non-agricultural businesses. A Palm tree plantation requires a large expanse of land if you really need to make it in the business and compete favourably with the big giants like Presco, PZ Cussons, Milbahi, Okomu Oil and others who have already established themselves in the business over the years. Interestingly, a hectare of land granted to you by the River Basin Development Autjority of your state will cost you as low as N4,000 only. So apply for yours and get it ready to start up your business.

• Now, clear the land and start planting the palm fruits at the ratio of 3 fruits per opening. This will increase the chances of germination from one opening. Also, give an ideal distance of about 6 to 10 feets between 2 cultivation holes. This will ensure proper spacing, ventilation as well as sufficient access to vital soil nutrients by the plants as they grow bigger and taller. Alternatively, you can first plant the palm fruits in a nursey before transfering them to the main farm site after you are sure of the ones that have germinated successfully.

• From germination time, the palm trees will take between 5 to 10 years to mature fully and start bearing good palm fruits. So be patient to wait for it to mature.

• Once your palm trees start bearing fruits, harvest them at the appropriate time by employing a specialist to climb the trees and cut them down for a little fee.

• Start selling and continue sell your palm fruits to Palm oil mills and other consumers like households who use palm fruits to prepare the palm fruit stew and even egusi soups.

• Make money into your bank account endlessly. As the palm trees get older and taller for harvesting, start making plans to deforest them on a future date and plant new palm trees that will replace them as soon as they are cut down so as to prevent experiencing the long germination-to-maturity time duration again.

• If you like, employ more workers to work with you and pay them as your business expands. You can even set up a palm oil processing plant beside your plantation and increase your revenue and returns on your investment.

Agriculture like I always say is a very viable and reliable source of income. Just go into any agro-allied business especially this palm tree plantation. You will never have regrets over starting it by the time you start reaping the benefits of your labour. You will be ad you listened and acted.

For more information on the business, throw your questions at me using the comment box below and I promise to get. Back to you will helpful tip as soon as I see it. Thank you for going through this rich article that will allow you make money all through your lifetime!

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About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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