»How to Start A Potatoes Farming Business (1 Acre Potatoes Farming Cost & Profit Analysis )«
Potato farming can make good profit but farmers face a lot of problems in planting them. If potatoes are not planted well, one will harvest small sized and low quality potatoes.
Before planting potatoes in a field, ensure you know the history of that field. If the field has been previously used to grow crops of the same family as potatoes one should not plant potatoes in that field. It takes three months to harvest the potatoes. Some of the cost to be incurred when growing potatoes are labour, potato seeds, manure and fertilizer, insecticides, fungicides, harvesting sacks, weeding cost and consultation cost.
Planting costs
Ploughing labor will cost 48$, ridging and furrowing labor will cost 21$, 16 sacks of 50 kg of certified potato seeds will cost 100$ and seven man labor will cost 21$. The total cost will be 790$.
On the third to fourth week after planting, you will need to spray your potatoes. 2 litres of insecticides at a cost of 40$, 2 kg of fungicides at a cost of 36$ and labor cost amounting to 30$. Total cost will be 106$.
Fertilizer costs
Six weeks after planting, weeding labor will be needed at a cost of 21$. Top dressing using CAN fertilizer will cost 25$ and labor will cost 12$. Total cost will be 58$.
Between fifth and eighth week after planting, you will need to spray using insecticides and fungicides, foliar fertilizer, and you will need to do weeding and earthing up. Labor cost will be incurred. The total cost will be 125$.
Harvesting cost
On the ninth to twelfth week one will need spraying fungicides, insecticides and labor. This will cost 44$. Harvesting sacks and labor will cost 180$. You will harvest 300*50 kg bags of potatoes.
One bag of potatoes cost 10$ that means you will make 3000$. The total cost of expenses during production is 1303$. Subtract cash earned minus cash spent to get 1697$ profit.
