6 Crops that make you a millionaire quickly

Photo credit: millersbayfarm.com 

Everyone likes making smart quick money, Right?  Now if you’ve passion for farming but with limited capital and land, the crops listed below have been tested over time and have to be proved quick money makers. Giving them a try will definitely leave a land mark in your life as the returns are overwhelming.

Cabbages: Cabbages too have unending demand in towns.  Two acres of well managed cabbages, in any East African capital can earn you about US$ 5,800 with investment capital of about US$ 778.  You’ll need an experienced farmer to give you more information on how to go about it.

Onions: Planting onions is simple as planting beans but the returns are huge. Normally, a kilo of Bombay variety, one of the best varieties, costs US$1 and US$3 when prices are lower and higher respectively. According to research, an acre can give you 4000kgs and taking the lowest price (US$1), this will earn you US$3900 yet with less than US$390 invested capital. The market for onions locally and internationally is ever available.

Water melon: Are you aware that a big watermelon can cost US$5? The demand for watermelon is present in many towns of Uganda.  Smart middlemen are exporting them to Kenya and South Sudan for better prices. If you can be a regular supplier of melons, many hotels and restaurants in Kampala are ready to welcome you. You can make US$ 12,380 in three months from just growing two acres of these simple creepers. The estimated capital requirement is US$778. “When buyers find me in my garden, a small melon goes for less than a dollar while a big one goes for US$1,” an experienced farmer says.

Pumpkin: Pumpkins rarely miss on the menu in almost all hotels and restaurants you know in Kampala. But what’s surprising, you rarely come across a garden of pumpkins. This is a “virgin” area awaiting exploitation.  A single plant of pumpkin can produce over 100 pumpkins.  It is advisable to buy a pumpkin with a hard shell from markets and get out seeds to plant. An acre accommodates 784 holes. Each plant will produce between 10-30 pumpkins. The least price a pumpkin sells on the garden is US$0.4.  Considering 10 as the average, this translates into US$3,000 with an investment capital of about US$150.

Passion fruits: An acre requires 600-800 plants. Planting materials cost US$0.1 and US$0.4 for unspotted and potted ones respectively. Currently, a bag of local purple is selling at US$150 in local markets while the Kawanda type is selling US$100. In a well-managed acre, Kigoye, an expert, says a farmer can collect two to four bags of fruits a week for a period of 12 months for the two seasons. Taking two bags as the average, it translates into 96 bags of harvested passion fruit. And, taking US$60 as the average price per bag, a farmer would earn US$5,570, but when prices go up to US$150 during scarcity a farmer will pocket US$15,000.

Tomatoes: Sauce without tomatoes is not sauce to day! Even if it’s not fresh tomatoes, at least tomato sauce extracted from tomatoes will be applied. There are testimonies of people who are rich because of tomatoes.  To get maximum yield, one needs to be near a source of water like a river so as to grow tomatoes even in dry season, when the prices shoot up. If you don’t have land near Kampala, don’t worry because you can rent it at affordable rates. You just need to get a few tips from successful farmers and experts to kick start your poverty eradication campaign by growing tomatoes. With an investment capital of US$460, you can earn about US$1,900  if you sold at the lowest price.

Source: http://ea-agribusiness.co.ug/