HOW TO MAKE MONEY WITH CASHEW NUT

Cashew Farming

This is the point where it all starts. Starting a cashew plantation is serious work. However, this is financially rewarding at the end. Starting a cashew plantation requires alot of time (usually several years) before it starts producing cashew. Here, a nursery is provided where the seeds grow to young trees. By transplanting these to their permanent location, a gradual process of growth commences. These trees need care until they are mature to grow without watering. It is however necessary to note that not everyone wishing to start this business needs to grow a cashew plantation.

Choosing Where to Focus On

As previously stated, starting a cashew nut business requires you to decide the area you would make the most impact on. By impact, we mean being effective. Cashew nut business has an attractive value chain where you can focus your attention on. You may want to process your cashew nuts before selling, or just selling them directly. Whatever the case, knowing the right strategy that will yield the highest financial reward is important. Processing these nuts significantly increases the market value. However, striking a balance between cost and profit is important.

First Obtain Guidance

To start well, it is important to get guidance from the right sources. The Cocoa Research Institute of Nigeria (CRIN) Ibadan,  is a good place to start from. By doing this, you will have significantly lowered the chances of failure in your intended businss. CRIN has carried out a lot of research in this regard, hence, it is the right body to approach. an important aspect of the research conducted by CRIN is that you get to know the sources of demand (both domestic and foreign). This makes exporting of these cashew nuts easier.

Register Your Business

Starting a cashew nut business of worth requires you to register your business. However, registration depends on your scale of operation (scale of operation will be further explained below). Gaining official approval enables the business to function at a much more bigger capacity. Registered agro-allied businesses stand to benefit from a lot of incentives. You may want to take this serious as a new start-up will require all the break it can get to enable it stabilize. Domestic and foreign supply requires you to have a license obtained through registration

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