Cotton [Gossypium] is a shrub native to tropical and subtropical regions around the world. It is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus Gossypium in the mallow family Malvaceae. The fiber is almost pure cellulose. The fiber is most often spun into yarn or thread and used to make a soft, breathable textile. The use of cotton for fabric is known to date to prehistoric times. Although cultivated since antiquity, it was the invention of the cotton gin that lowered the cost of production that led to its widespread use, and it is the most widely used natural fiber cloth in clothing today
Current estimates for world production are about 25 million tonnes or 110 million bales annually, accounting for 2.5% of the world’s arable land. China is the world’s largest producer of cotton, but most of this is used domestically. The United States has been the largest exporter for many years. In the United States, cotton is usually measured in bales, which measure approximately 0.48 cubic meters (17 cubic feet) and weigh 226.8 kilograms (500 pounds).
The major inputs for commercial SORGHUM farming are; LAND, IMPROVED GRAIN, TRAINING, FERTILIZER, DISEASE AND PEST CONTROL, FINANCE and MARKET.
LAND
Cotton (Gossypium) grows especially well and matures early in sandy loam soils or loamy sand. Procuring Land for such commercial farming has to be done by professionals who have the eagle eye to decode the soil texture without much examination. It is also easier to source for land for agriculture through professionals because they have extensive network and can arrange Land for you in short notice and in a cost effective manner. There is little need to purchase land for farming in large scale from the beginning as this will tie down available capital, thus it is advisable to lease and subsequently pay for the land from the proceed of the farm. BUSINESS ADVISORY NETWORK is a guru in this regard and will help you arrange choice farm land at the best rate, all you have to do is to talk to us.
TRAINING
We will guide you on best planting season, spacing, fertilizer type, how to source fertilizer, fertilizer application. Weed control, Crops you may intercrop with COTTON, the effects of intercropping on COTTON yield, Storage and processing.
DISEASE AND PEST CONTROL
Cotton is attacked by several hundred species of insects, including such harmful species as the boll weevil, pink bollworm, cotton leafworm, cotton fleahopper, cotton aphid, rapid plant bug, conchuela, southern green stinkbug, spider mites (red spiders), grasshoppers, thrips, and tarnished plant bugs. Limited control of damage by insect pests can be achieved by proper timing of planting and other cultural practices or by selective breeding of varieties having some resistance to insect damage. Chemical insecticides, which were first introduced in the early 1900s, require careful and selective use because of ecological considerations but appear to be the most effective and efficient means of control. Conventional cotton production requires more insecticides than any other major crop
FINANCE
The central bank of Nigeria has a lot of incentives/ credits for commercial farmers at a reduced interest rate of 9% per annum. Most of these are organized by the central bank of Nigeria although accessed through the commercial bank. BAN will guide you on how to source credit under any of these credits listed below;
Agricultural Credit Guarantee Scheme Fund (ACGSF) The Fund guarantees credit facilities extended to farmers by banks up to 75% of the amount in default net of any security realized. The Fund is managed by the Central Bank of Nigeria, through this guarantee it is easy For commercial banks to loan to farmers not fearing
Agricultural Credit Support Scheme (ACSS) ACSS funds are disbursed to farmers and agro-allied entrepreneurs at a single-digit interest rate of 8.0 percent. At the commencement of the project support, banks will grant loans to qualified applicants at 14.0 per cent interest rate. Applicants who pay back their facilities on schedule are to enjoy a rebate of 6.0 per cent, thus reducing the effective rate of interest to be paid by farmers to 8.0 per cent.
Commercial Agriculture Credit Scheme (CACS) This credit scheme is specifically targeted to finance the country’s agricultural value chain (production, processing, storage and marketing). The maximum interest rate to the borrower under the scheme shall not exceed 9 per cent, inclusive of all charges.
Nigeria Incentive Based Risk Sharing System for Agricultural Lending ( NIRSAL) Risk is the single-most important factor that prevents banks from lending to agriculture. To change banks’ perception that agriculture is a high-risk sector, NIRSAL has a USD300 Million Risk-Sharing Facility that it uses to share their losses on agricultural loans through Credit Risk Guarantees. NIRSAL shares risk with banks ranging from 30% to 75% of face value depending on segment.
This also includes a guarantee fee of 1% per annum on outstanding protected principal and interest. Up to 40% of interest cost rebated to select value chain participants every 90 days if loan remains in good standing (no partial or full default). All crops, livestock and related supportive economic activity across the value chain are supported by this facility.
The news is that government is willing and doing everything to encourage farming in Nigeria because that’s where the country straight lies. Nigeria is endowed with arable land and fresh water resources when viewed as a whole with approximately 61 million hectares of the land cultivable while the total renewable water resources is about 280 km3/year; which include river Niger, river Benue, lake Chad, Osun river, Hadejia River, Bonny river and a host of others. The major soil types in Nigeria, according to FAO soil taxonomist are fluvisols, regosols, gleysols, acrisols, ferrasols, alisols, lixisols, cambisols, luvisols, nitosols, arenosols and vertisols. These soil types vary in their potential for agricultural use according to FAO.
Nigerian soils can be classified into groups made up of four (climatic) zones that are soil associations. The groups are:
- Northern zone of sandy soils
- Interior zone of laterite soils
- Southern belt of forest soils
- Alluvial soils Zones
Northern zone of sandy soils: This area lies in the very northern parts of the country. This area lies in the extreme north with proximity to the fringes of the fast- encroaching Sahara desert. It is characterized by soils formed by deposition of sand by the wind. These soils might have been formed from wind-sorted desert sands that accumulated over long periods of time when the Sahara desert encroached several kilometers south of its present limits. The soils of this zone are very good in the production of groundnut, sorghum, cowpea, and millet.
Interior zone of laterite soils: This zone is made up of a mixture of sand and clay. They are grey to black clay, poorly drained and seasonally flooded forming the “fadama”. The Biu Plateau has rich soil that is productive and offers prospects for the expansion of the areas of cotton production, soybeans, yam and other legumes.
Southern belt of forest soils: Soils in this zone broadly represent those of the humid, tropical forest climate zones of the south where the wet season is long, the harmattan season short and forest cover is dense. Local soil types depend largely on parent rock; where the underlying rocks are granite or clay, the soils is a rich clayey loam. These soils are very good in growing crops like cocoa, oil palm, rubber, Cassava.
Zone of alluvial soils: These soils are found along the flooded plains of rivers, deltas, along the coastal flats. This zone extends from the coastal inland and runs along the valleys of the Niger and the Benue rivers, thus cutting across the vegetational zones. Soils in this zone are characteristic of fresh-water soil of grey to white sand, grey clay and sandy clay with humid topsoil. Another group consists of brownish to black saline mangrove soils, with a mat of rootlets. This soil type is very good for rice etc.
FARM EQUIPMENT
BAN will also help in securing farming equipment. This may be achieved through the federal and state government partnership with the support of any of the credit schemes. Through this farm equipment can be acquired or leased.
MARKET
Demand for COTTON is high both locally and internationally. COTTON is used primarily in textile mill for yarn manufacturing. Cottonseed, seed of the cotton plant is important commercially for its oil and other products. Cottonseed oil is used in salad and cooking oils and after hydrogenation, in shortenings and margarine. The cake, or meal, remaining after the oil is extracted is used in poultry and livestock feeds. A farmer may decide to add value and export or sell locally depending on his business plan. Local market is booming and demands is not being met so exporting might not really make economic sense since local price is fantastic
SECURITY
Security of the farm is of utmost importance, thus adequate security must be put in place to eliminate/ reduce pilferage in the farm.
COTTON VALUE CHAIN
We will not only guide you on COTTON farming. We will introduce you to COTTON business value chain depending on your interest. Cottonseed oil is used in salad and cooking oils and after hydrogenation, in shortenings and margarine. Even though this requires huge investment, the return is enormous and the market potential is also huge.
If you are desirous of farming with minimal discomfort and also wants to stay out of other losses that might result due to lack of planning talk to us at BAN