The video discusses various ways to profit from cassava farming beyond the traditional production of garri, such as producing high-demand types of garri, edible and industrial starch, and fermented cassava flour. The host emphasizes understanding local market demands and exploring different value chains of cassava to maximize profitability, encouraging viewers to test and diversify their agribusiness strategies.
How to Make Money from Cassava Farming: A Comprehensive Guide
Hello, families, and welcome back to the channel! This is the perfect place for agricultural business owners looking to maximize their profits and those considering starting an agribusiness. Today, we’re diving into another episode of our Farming Money series. Previously, we discussed how to make money from your planting farm. Today, we’ll focus on how to profit from a cassava farm. Many people don’t realize that there are numerous ways to make money from cassava beyond just producing garri. Let’s explore these opportunities.
Producing Garri: The Basics and Beyond
One of the most common ways to make money from cassava is by producing garri. However, it’s essential to consider the type of garri that’s in demand in your location. For instance, in the Southwest, white garri is more prevalent. Therefore, I produce yellow garri and sell it to the Ibos in the Southwest, who typically rely on yellow garri from the East. This strategy not only reduces transportation costs but also increases profitability.
Key Points to Remember:
- Know Your Location: Identify which type of garri is less common but still in demand.
- Supply and Demand: Focus on producing the type of garri that has high demand but low supply in your area.
- Profit Margins: Yellow garri can sell for double the price of white garri in certain regions.
Producing Starch: Edible and Industrial
Another lucrative option is producing starch from cassava. You can produce either edible starch or industrial starch. For example, I once held a lecture in a farming group on Facebook where I taught members how to produce starch. This knowledge can help you tap into a market that might be more profitable than garri production.
Benefits of Starch Production:
- Market Demand: Certain regions, like Delta, have a high demand for starch.
- Higher Profits: Starch production can yield better returns compared to garri.
Fermented Cassava Flour: A Versatile Product
You can also make money by producing fermented cassava flour, commonly known as lafun. This product is used in various culinary applications and can be a great addition to your cassava value chain.
Types of Cassava Flour:
- Fermented Cassava Flour (Lafun): Used in traditional dishes.
- Unfermented Cassava Flour: Often used in baking and confectioneries.
Exploring the Cassava Value Chain
Understanding the value chain of cassava is crucial for maximizing your profits. From garri to starch and cassava flour, each product has its market and demand. Test these waters to find out which product yields the highest profit in your area.
Steps to Success:
- Identify Value Chains: Know all the possible products you can make from cassava.
- Market Testing: Experiment with different products to see which one sells best.
- Risk Taking: Don’t be afraid to take risks and try new products.
Final Thoughts
These are some of the ways you can make money from cassava farming. If you have other methods or tips, please share them in the comments section. Are you a cassava farmer? Let us know how you make money from your cassava farm.
I hope you found this guide valuable and enjoyed today’s video. If you did, don’t forget to smash the like button, subscribe, and stay tuned for more informative content.
See you in the next video!
