Okra production is a very profitable farming business, especially during the periods of low rainfall. Farmers take advantage of lowlands to cultivate okra during this period.
We are not just saying it is profitable. We take you through the very current 1ha okra production costs and benefits.
Note: 1hectare = 2.5 acres
Operational Budget/Ha/Yr (2020)
| Activity | Cost(Ghc) |
| Land rent | 375.00 |
| Land preparation | 600.00 |
| Seeds | 600.00 |
| Fertilizer and manure | 2,540.00 |
| Pesticides | 200.00 |
| Labour | 3600.00 |
| Total estimated cost | 7,915.00 |
Revenue from 1ha Okra Production
Average fruit yield/ha = 12 tons
=12,000 kg
Percentage loss of 5%
Available yield for market
= 95/100×12,000kg = 11400kg
Packaging in 6 kg box = 11400/6 kg =1900 boxes
Farm gate price/6 kg = Ghc10
Income = 1900×10= Ghc 19,000.00
Net income = Ghc 19,000 – 7,915.00 = Ghc 11,085
Note: This budget does not include fixed cost and overheads.
2 thoughts on “Want to venture into Okra Production? Here is simple Costs and Benefits analysis”