INTRODUCTION:
Chrematin Agro Co. Ltd a member of the Groupe Chrematin which was primarily established in 2017 in Ghana to promote investments in agricultural estates in a form of crops plantations at commercial level for high returns has earmarked 100,000 acres for mango planting within the Afram Agricultural Development Area (AADA).
The AADA project has the objective to create wealth and also serves as an employment generation in the rural area of the Agogo in the Ashanti Region of the Republic of Ghana.
The Chrematin Agro Co. Ltd has placed itself strategically to fulfil and participate in one of the government agricultural policy of Planting for Exports and Rural Development (PERD) as a programme for industrialization and export drive in addition to rural employment generation and development.
FACT SHEETS
Mangoes are most grown in tropical and sub-tropical areas of the world.The development of mangoes plantation with Afrakoma Mango Plantation as a nucleus farm was founded on the premise of an enclave becoming a large scale supplier of high quality mangoes and with the economies of large scale production the farms will bring faster growth and also attainment of high profit in the industry with the value-added processes.
The Agogo Afram Plains Savanna Area can boast of the required rainfall, moderate temperatures, gentle slopes and fertile soils which makes it a good location for the cultivation of mangoes. There are several types of mangoes grown in Ghana but the most common ones are alphonso and keitts which are popularly consumed in Ghana and highly demanded in the international markets.
PRODUCTS (KEITT)
a). The Keitt variety is harvested twice a year under good farming practice.The average yield per acre is 4 ton per acre per season.
b). Planting by nursery grafting makes the mango to generate fruits as early as four (4) years with an economic yield in the sixth (6th) year. Mangoes are trees of life and they grow for an average life-span of 80 years all yielding fruits at breakeven point.
c). The fruit juice of mangoes have high nutritional values whilst the raw mangoes fruits could be eaten fresh as food. Mango palp and dried mangoes are all products which are widely consumed and highly in demand in the world markets.
There are several other uses of mangoes which can be of benefit to pharmaceutical industry and the wood at its life span serves also as a source of energy.
MANGO TREES AGRICULTURAL METHODOLOGY
Mango – Botanical name Mangifera Indica
GROWING AREAS: Savanna lands of the Northern Ghana and upper parts of Ashanti Region (Avoid the forest Areas)
SOIL: Well-drained soil with pH level ranging between 5.5 to 7.0, thus, slightly acidic to neutral in nature.
RAINFALL: Between 500 – 1,500m Dry weather for good flowering
TEMPERATURE: 27oC – 38oC
WINDBREAK: Plants like madras thorn are good for windbreak. Distance 21/2 times distance for the plant.
PLANTING: Seedlings be delivered in time for planting and planted at the onset of the rain and peg such that rows are aligned in the east-west direction.
IRRIGATION SCHEDULE
|
Stage/Age of trees |
Water Required/Tree |
|
New transplant |
20 – 30 liters per 4-5 days |
|
2 years old |
100 – 150 liters per 10 days |
|
3 years old |
200 – 300 liters per 15 days |
|
Bearing trees |
400 – 500 liters per 14 days |
Good yield & quality fruits, discontinue 2 . 3 clear months before flower induction and 45 – 46 after harvesting.
MANGO INVESTMENT
Minimum Allowable Farm size is 50 acres
Planting at 100 trees per acre
1st year management fee per acre is $675
2nd year management fee per acre is $225
3rd year management fee per acre is $225
4th year management fee per acre is $305
Total management fee for 50 acres = $1,430.00 x 50 acres = $71,500.00
Add preliminary cost of + $6,500/50acres
Total Management cost for 50 acres of Mango farm for 4 years = $78,000.00
NB: Preliminary cost entails cost for survey & Demarcation, soil test, technical support systems etc.
INCOME
(Exports)
1 acre – 3 tons/yr
50 acre – 150tons/yr
Less Loss (20%) – 30tons/yr
Total = 120tons/yr
Foreign Price – 1ton at $750
(Local Market)
1 acre – 3tons/yr
50 acres – 150tons/yr
Less (Losses) 20% – 30tons/year
Total = 120tons/yr
Local Price – 1ton at $600
x120 = $90,000 x120 = $72,000
Less Cost of Sale (35%) = $31,500/yr Less (Expenses) 30% = $21,600
PROFIT – Exports = $58,500 & Local = $50,400
OTHER EXPENDITURE
Acquisition Fee at $1,000.00 per acre for 50 acres = $50,000.00 Payable in equal annual Installment from the 5th to the 10th Year
($100,000/5) = $20,000.00