Groundnut farming profit per acre is given here under the complete Project Report of groundnut cultivation.
Groundnut farming profit guide
The scientific name of groundnut is Arachis hypogaea and it belongs to the legumes family. Groundnut is a precious oilseed crop that is grown in Kharif and Rabi seasons. Groundnut cultivation in Telangana is done and approximately 5 lakh acres of land. Gujarat is the largest groundnut-producing state in India whereas Nigeria is the third largest producer of groundnut accounting 30% of Africa’s peanut production.
Groundnut is considered the kingpin of oil seeds, earthnut, manilla nut, monkey nuts, pinda, goober and peanuts. In India, only groundnut accounts for more than 40 to 50% of the area and there is 60% to 70% production of groundnut in India. Groundnut production in India holds the number one position when compared to other oilseed crops.
Gujarat is the largest groundnut-producing state in India.
Groundnut is popularly known as peanuts. Groundnut is consumed roasted, fried and groundnut with salt is popular in North India. There is 47% to 49% oil content in groundnut seeds and the seeds contain 20% protein as well. Groundnut kernels are used almost in every American kitchen and therefore have high demand in the market. Groundnut kernel rate in IndiaMART is approximately Rs 115 per/kg.
Groundnut Kernels are healthy and easily digestible. Sandy and loam soil are ideal soil required for groundnut cultivation and 26 to 30-degree Celsius is the optimum temperature required for the vegetative growth of groundnuts. Kadhiri and Girnar are some of the varieties of groundnut. 75 to 100 kg is the groundnut seed rate per acre and 4 to 5 ton FYM is required at a groundnut farm. With good farm management practices, groundnut farming income might be somewhere around Rs 46,500 per acre.
Largest groundnut producing states in India
Largest groundnut producing states in India are Gujarat, Tamil Nadu, Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Uttar Pradesh, Rajasthan, Punjab, Odisha and some parts of Uttarakhand.
Largest producer of groundnut in world 2022
India, Nigeria, Senegal, Chad, USA, Indonesia, Argentina, Ghana, and Burma. With 6.3 million tonnes of peanuts annually India is on the number one position in producing groundnuts. India contributes 21% to the world peanut production. The United States of America produces 3.7 million tonnes of peanuts annually. Due to the suitable climate conditions, peanut plantation is done only in 13 States of USA including Alabama, Texas, Virginia, Oklahoma, Florida, North Carolina and Virginia. Farmers are planting peanuts in Alabama on a large scale which is spread over approximately 185000 acres and Alabama is the highest peanuts producer in the USA.
How to start groundnut farming
Groundnut soil and climate requirements
groundnut soil requirements – Light texture, loose, friable, well-drained, sandy and loamy soil are the best soil for groundnut cultivation. Avoid clay and heavy soil because they interfere with the penetration of pegs resulting in difficult harvesting.
Soil ph for groundnuts – 6.0 to 7.5 is the best soil pH for peanuts
Groundnut grows well in warm temperature
The temperature required for ground nuts – 26 to 30 degree celsius is the best temperature for growing peanuts.
Rainfall required for groundnuts
50 to 125 CM rainfall is good for groundnuts to thrive well in growing season.
High yield groundnut variety
Girnar 1, Girnar 2, Girnar 3, GG 5, GG – 7 (38), Kadhiri 6,Kadhiri 7, Kadhiri 8, Kadhiri 9, JCG 88.
What is the seed rate of groundnut?
Groundnut seed rate per acre should be between 75 to 100 kg. With this seed rate peanuts may produce the yield approx 20 quintals per acre.
Land preparation cost
No matter if groundnuts are deep-rooted you should avoid deep ploughing. A couple of ploughing and harrowing is enough to achieve a good surface for sowing peanut seeds. Approximately Rs 11000 is required for land preparation.
Groundnut marketing and transportation
Crop marketing and transportation are equally important. While doing ground commercial cultivation it becomes more important to sell them to the wider market. For that, you need good marketing strategies so that your product can be delivered to different regions. In today’s digital world internet has produced vital options for marketing and also reduced marketing costs. Let’s understand how the cost is reduced
If you will prepare banners and pamphlets then it will cost more because one good size banner is between Rs 10,000 to 15000 most importantly this single banner can be utilised for one area only which is also not viewable from a large distance.
When it comes to digital marketing becomes cheaper to advertise your product in the long term. You can create a website which will cost Rs 8000 to Rs 12000 per year and Rs 7500 will be the website creation cost along with necessary plugins and 6-8 months of free service, and free consultancy. If you want a beautiful professional website you can email us at the email address trees@signuptrendingnature.
Groundnut farming Project Report
Groundnut farming profit per acre guide
Groundnut cost per acre
- Groundnut seed cost per acre = Rs 10000
- Water and electricity cost = Rs 18000
- Land preparation cost = Rs 11000
- Weeding cost per acre = Rs 2000
- Fertilizer cost per acre = Rs 5000
- Marketing cost = Rs 15000
- Harvesting cost per acre = Rs 5000
- Total cost = Rs 66,000
Groundnut farming profit per acre
- Groundnut price per kg = Rs 65, Rs 75, Rs 90, Rs 120 and more
- Groundnut production per acre = 15 quintals (1500 kg)
- Profit = 1500 kg x Rs 75 = Rs 1,12,500
- Net Profit = Peanuts profit per acre – Peanuts cost per acre
- Net Profit = Rs 112500 – 66000
- Net Profit = Rs 46,500
Note – The assumption of the peanut farming project report and profit may vary according to the peanut variety, peanut quality, market, demand and supply.
How many peanut seeds per acre?
75 to 100 kg peanuts seeds per acre.
How long does it take to harvest groundnuts?
Harvesting time for groundnut is 90 to 110 after planting for boiling type peanuts and 130 to 150 days for roasting varieties from the planting period.