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MAIZE PRODUCTION BUDGET
Project management
McAGRIC CORPORATE GLOBAL LTD

Close 7 Block 7 flat 2, Elekahia Housing estate, Port Harcourt, Rivers state.
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Project manager:
Mbanefo Chinonyelum Chinaza
Agronomist, Entrepreneur and Agribusiness development and management consultant.

Project Info:
Full time Project management
Location: Umuogba, Etche, Rivers state
Area of land: 20 hectares
Expected output: 80tons
Cropping season: 2
Water source: Rainfall
Price per ton of maize: N140,000
Planting date:
1 season = March (after 7days of rain fall)
2 season = September
Labour mobilization date: 3rd week of Feb.
Land clearing = February.
Investors offer = 25% interest of profit.

Revenue
Sale of dried cost: 20ha = 80tons x 140,000/ton = N11,200,000
Sales of fresh maize: 31250 stands/ha x 20ha
=625000 stands (5stands / N100) = N12,500,000

Marketing cost
Loading & offloading of bags = N50,000
Cost of 4 tons truck (N15,000/trip x 20tons) = N300,000
Logistic to source market = N20,000
Packaging in sack bags (800bags) = N160,000

Productions cost
Aflasafe hybrid seed (500kg) = N200,000
Soil test N25,000
NPK (140bags) = N1,060,000
Urea (40bags)= N208,000
Herbicide atrazin (80unit) = N176,000
Guard force (40 unit) = N100,000
Pesticide (80units) = N160,000
Tractor Clearing and plouging (N35,000/ha x 20ha) = N700,000
Planting (120prs/day) = N180,000
Weeding (herbicide application-80 persons/day)= N96,000
Fertilizer application (x2-120persons/day) = N180,000
Harvesting & bagging (120 persons/day) = N180,000
Head security (N50,000/month x 4months) = N200,000
2 Junior security ( 25,000/month x 4months) = N200,000

Insurance (2.5% of cost of seedling) = N104,850
10% contingency = N458,125


Total: N4,729,835

Equipment:
irrigation system cost and addendum = N2,715,000

Grand total= N7,444,835

Profit:

Revenue N12,500,000
Cost N7,444,835

Net profit N5,055,165

mbanefo chinonyelum 07065314400 mbanefochinonyelum@gmail.com