Nutmeg Cultivation Project Report and Nutmeg Yield per acre
Today, we discuss the nutmeg cultivation project report which can include the cost of cultivation of nutmeg, the profit of nutmeg farming, and yield of nutmegs per acre. Based on the nutmeg cultivation income, you can decide to go with it or not.
Nutmeg cultivation in India: Nutmeg cultivation in India is a hugely profitable business for the nutmeg farmers. Nutmeg is the spice and plantation crop that is grown for the seed purpose. The economical part of the plantation crop is the seed i.e. nutmeg. It is a perennial crop were the nutmeg farmer get the income returns subsequently in every year up to 25 to 30 years. Nutmeg is native to Indonesia. As the Indian climatic environmental conditions also o suits for its cultivation, the farmers can go for its cultivation. It requires annual rainfall up to 1500 mm and the plants can be grown up to an altitude of 1300 m above the MSL (Mean Sea level). Clay loamy, red loam to red laterite soils is good for its cultivation. The south Indian environment conditions are best suitable for its cultivation. However, dry and waterlogged soils are not at all suitable for its cultivation. In India, Kerala, Karnataka and Tamil Nadu are the popular and leading nutmeg growing states.
In the last post, we have already given information regarding the guide to starting nutmeg cultivation or nutmeg farming. It includes all the information from nutmeg varieties to post-harvest management of the nutmegs. In this post, we will let you know all the information regarding the cost of nutmeg cultivation, income returns, and net profits in 1-acre nutmeg cultivation.
Cost of nutmeg seeds or seedlings:
The nutmeg farmer has to purchase the seedlings from a commercial nutmeg nursery or any plantation crop nursery or else the farmer can also develop the seedlings which are time-consuming as well as skilled work. However, it is better to purchase the nutmeg seedlings of 15 to 18 months old. The cost of nutmeg seedlings is Rs. 200 per plant and sown at a distance of 8 meters X 8 meters spacing where 1 acre can accommodate around 430 to 450 seedlings. The cost of 450 nutmeg seedlings is Rs 90000.
Cost of pit preparation:
The farmer must prepare 450 pits having a size of 60 cm X 60 cm X 60 cm where it incurs around Rs. 25,000 for the mechanical pit drilling tool for the plantation crops.
Cost of labor:
as nutmeg farming is perennial crop cultivation, we require a permanent single skilled labor where we can up to Rs. 5000 per month, therefore one year, it is Rs. 60000 for single permanent skilled labor. However, we require two laborers for every 15 days in order to carry out all the intercultural operations in the one-acre nutmeg farm. It cost around Rs. 12,000 annually. Therefore, the total labor cost in 1-acre nutmeg farming for one year is Rs. 72,000.
Cost of pesticides:
As nutmeg is a forest plantation crop, it is also prone to various insect pests and diseases. However, we have to apply the pesticides at necessary intervals. It costs up to Rs. 15000 for 1 year for the pesticides.
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Fertilizers cost in 1-acre nutmeg farming:
The nutmeg farmer has to apply the FYM as well as the forest soil which is rich in the minerals and nutrients that is required for the forest plants and trees. In addition, we have to apply the chemical fertilizers which costs around Rs. 10000 per year.
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Miscellaneous costs in 1-acre nutmeg cultivation:
As nutmeg is a perennial and plantation crop cultivation, it incurs a lot of miscellaneous activities like weeding, soil preparation, proper water management, and other plantation crop management practices. The miscellaneous activities may cost up to Rs. 27,000 per year and vary depends on the various farm activities and rental charges of other farm machinery to carry out the farming activities.
Cost of harvesting and post-harvest management:
The nutmegs are collected or picked in the month of June or august every year. Further, they are dried and the nutmeg seeds are collected and packed. It costs around Rs. 15,000 for harvesting and package of practices for the 1-acre yield of nutmegs. Marketing cost if however not incurred as it is the concern of the nutmeg broker or the nutmeg exporter. In many cases, the nutmeg mediators are selling the produce in the domestic markets or sometimes exporting to other countries based on the quality of the nutmeg produce.
The total cost of 1-acre nutmeg farming
Cost of nutmeg seeds or seedlings: Rs. 90,000
Cost of pit preparation: Rs. 25,000
Cost of labor: Rs. 72,000
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Cost of pesticides in 1-acre nutmeg cultivation: Rs. 15,000
Fertilizers cost in 1-acre nutmeg farming: Rs. 10,000
Cost of harvesting and post-harvest management: Rs. 15,000
Miscellaneous costs in 1-acre nutmeg farming: Rs. 23,000
Total cost: Rs. 2,50,000
Therefore, the total cost of 1-acre nutmeg farming in India is Rs. 2.5 lakh for the first year approximately and varies from region to region.
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Income/returns in 1 acre nutmeg cultivation
The nutmeg farmer can get a yield of 5 kg per tree. For 400 trees it is 2,000 kg or 20 quintals/acre. The selling price of 1 quintal dried Nutmeg is Rs. 50,000. The final selling price of 20quintalsnutmeg is Rs. 10,00,000.
Net profits in 1-acre nutmeg cultivation:
Net profits are the difference in income returns and the total cost of 1-acre nutmeg farming. Therefore, it is Rs. 10,00,000 – Rs. 2,50,000 = Rs. 7,50,000.
Therefore, on average, the nutmeg farmer can earn a profit of Rs. 7.5 lakh from 1-acre nutmeg farming. However, it is not easy to earn such huge amounts of profits unless you take proper care and sufficient management practices in the 1-acre nutmeg farm. In addition, the profits also depend on the marketability of the nutmeg farmer. There are various sores to sell the nutmeg seed produce like domestic and international markets.
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Conclusion of nutmeg farming:
This is all about 1-acre nutmeg cultivation. Comment below if you have any queries regarding 1-acre nutmeg cultivation project report in India.
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