
Cassava is more than just a staple food; it’s a versatile, high-demand crop with significant potential for wealth creation. By processing cassava into high-value products like cassava flour, you have the opportunity to enter both local and export markets. Learning from the success of Tavioka Organics, a thriving cassava flour producer in Fiji, offers valuable insights into building a profitable, sustainable cassava business.
The Value Potential of Cassava Farming and Processing
Mr. Khan from Tavioka Organics highlights that an acre of cassava can yield around 30 tonnes, which sells at $300 (GHC 4,500) per tonne, totaling $9,000 (GHC 135,000) per acre per harvest. With two harvests annually, the revenue doubles to $18,000 (GHC 270,000). If processed into flour, the yield is approximately 11 tonnes per acre, which can be sold for higher prices due to added value, with estimates reaching $1,000 to $1,300 (GHC 15,000 to GHC 19,500) per tonne. This can generate between $22,000 and $28,600 (GHC 330,000 to GHC 429,000) annually, underscoring the potential profit when cassava is processed into flour.
Financial Scenario: Profit Analysis for Cassava Flour Production
In a scenario where 40% of revenue is allocated to expenses, here’s a financial breakdown for a single acre:
Financial Statement for Cassava Flour Production | Amount |
---|---|
Revenue | GHC 270,000 |
Expenses (40%) | GHC 108,000 |
Net Profit | GHC 162,000 |
For a larger scale, such as 10 acres, this could result in a profit of GHC 1,620,000 annually, highlighting the wealth-building potential of cassava farming and processing.
Best Practices from Tavioka Organics for the Ghanaian Context
- Vertically Integrated Operations: Tavioka Organics oversees every stage from farming to processing. Replicating this approach in Ghana can boost profitability by reducing reliance on third-party suppliers.
- Fair Pricing for Farmers: Tavioka Organics’ fair-pricing strategy builds strong supplier relationships, essential for consistent quality. This approach could similarly benefit Ghanaian entrepreneurs by establishing a loyal network of local farmers.
- Community-Centered Growth: Following Tavioka Organics’ community-centered model not only supports local development but also creates a reliable supply chain.
Embracing the Future of Cassava Farming in Ghana
Cassava farming and processing represent an impactful business model with far-reaching benefits, from reducing imports to creating local employment. By learning from successful models like Tavioka Organics, Ghanaian entrepreneurs can tap into a profitable, growing market, make valuable local connections, and contribute to the nation’s agricultural growth.
Call to Action:
If you’re passionate about agriculture and eager to create wealth, cassava farming and processing are prime opportunities. Join the movement to strengthen Ghana’s agricultural landscape—invest in cassava farming, start a profitable business, and make a meaningful impact. Let’s turn potential into prosperity—right here in Ghana!
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