Yes, rubber tree farming is profitable in Ghana and farmers are already making good money by doing rubber tree cultivation in Ghana.
“Hevea Brasiliensis” is the binomial name for rubber trees and the tree is native to South America. If you are a Ghana resident then you might search is rubber tree farming profitable in Ghana? I would say yes. By the end of this post, you will be able to understand how rubber plantation is profitable if done with good farm management practices all these practices are shared here.
Is rubber tree farming profitable in Ghana
Rubber trees belong to South America and rubber cultivation in America is easy in comparison to other countries due to suitable weather and climate conditions for rubber trees. People living in Ghana which is located in South Africa also prefers rubber plantation as their pension scheme due to the supportive climate conditions for growing rubber.
One can start rubber tree cultivation on 1 acre with 500 plants. Rubber tree gets ready for harvesting after 6 to 7 years.
Rubber plantation contributes a major role in the economy of Ghana but there is a bit of difficulty with small farmers because they have to wait for 6 to 7 years at least. The other option they can apply for livelihood is mixed cropping with rubber trees because 6 years is not a small period. Rubber, Hevea Brasiliensis, is the first choice for rubber farmers worldwide due to its consistent growth even small and marginal farmers are also able to generate good income from 1-acre rubber plantations only.
In case you missed it – Rubber Tree Yield Per Acre
Rubber tree plantation in Ghana
In the year 2017 (IRSG) the international rubber study group indicated the global consumption of natural rubber. According to IRSG, the consumption of natural rubber exceeded 12 million metric tons in the last three years. In humid and subhumid tropics the rubber sector has already played a significant role in the income of small and marginal farmers globally.
Despite large farmers, smallholders produce 80% of the natural rubber in the world. Rubber production in Ghana is a growing industry and in the last 3 decades, there have been varying technological changes in Ghana rubber production. Making a strategy to increase the production among smallholder rubber farmers in Ghana has been a challenge for policymakers and planners in climate-changing situations.
Whereas at the same time farmers are also getting the benefits of technological developments. Tree crops Development Authority Ghana(TCDA) was formed in 2019 to improve the production of 6 tree crops in Ghana. Important news for rubber farmers is that the rubber tree is also included in the list of 6 trees.
Rubber tree intercropping
Rubber plant occupies one-fifth of the total area and the remaining space can be utilised by intercropping short-duration plants or annual plants. 6 years is a long duration so it is necessary to practice intercropping with rubber plantation. An example of intercropping with rubber plantation is; Rubber with food crop – Plantain (Mussa spp). Plantain is a crop that can be harvested the whole year.
Smallholder farmers in Ghana practice intercrop with young rubber trees with shorter duration cash crops which helps them to increase their income.
The rubber intercropping system has multiple benefits to the environment including biodiversity maintenance, retaining soil water capacity and it helps reducing carbon from the atmosphere.
Rubber farming project report Ghana
|Rubber plantation cost per acre in Ghana|
1 rubber plant cost = 5 Ghanaian Cedi
Rubber plantation per acre = 500 plants
Planting material cost = 5 Ghanaian Cedi x 500 plants = 2500 Ghanaian Cedi
Fertilizer and manure cost = 628 Ghanaian Cedi
Labour cost = 1256 Ghanaian Cedi
Land preparation cost = 1885 Ghanaian Cedi
Spray and pesticide cost = 754 Ghanaian Cedi
Bamboo fencing cost = 3141 Ghanaian Cedi
Harvesting cost (latex collection) = 4398 Ghanaian Cedi
Latex processing cost = 1256 Ghanaian Cedi
Miscellaneous cost = 628 Ghanaian Cedi
Rubber plant cost per acre for 1 year = 16446 Ghanaian Cedi
Let’s calculate the cost for 6 years
Reduce one-time investment i.e plant cost, harvesting cost and land preparation cost from the total cost.
Rubber cost for 6 years = 2500 GC + 1885 GC + 4398 GC – 16446
Rubber cost 6 years = 7663 Ghanaian Cedi
Now multiply the figure with 6 i.e 7663 x 6 years = 45978 Ghanaian Cedi
Now add the excluded cost to get the total cost
Rubber tree cost per acre after 6 years = 45978 + plant cost 2500 + land preparation cost 1885 + harvesting cost 4398 = 54761 Ghanaian Cedi.
Total cost per acre 6 years = 54761 Ghanaian Cedi
Rubber tree yield per acre
Rubber plants per acre = 500
Average yield per rubber tree = 9.50 kg rubber yield per tree
Rubber tree yield per acre = 500 rubber plants x 9.50 kg
Rubber yield per acre = 4750 kg
Rubber price per kg = 7.54 Ghanaian Cedi
Rubber tree profit per acre = 7.54 Ghanaian Cedi x 4750 kg = 35815 Ghanaian Cedi
Net profit = Rubber tree farming profit per acre – Rubber tree cost per acre
Net Profit = 35815 Ghanaian Cedi – 54761 Ghanaian Cedi = 18946
Net Profit = -18946 Ghanaian Cedi
You may face the loss of 18946 in the 6th year but after the year you will generate more income due to the cost-cutting. Don’t forget to implement intercropping.
How many rubber trees should I plant in one acre?
500 rubber plants are good to plant in one acre.
What is the average yield produced by 1 rubber tree?
9.50 kg is rubber yield per tree.
What should be the rubber plantation distance?
5 x 4 mt = 500 plants, 6 x 3 mt = 555 plants, 7 x 3 mt = 475 plants.
What is the climate required for rubber plantation?
Rubber tree grows well in tropical and subtropical climate conditions.
What is the temperature required for a rubber plantation?
25° C to 28°C is the ideal temperature for a rubber tree plantation.
How much sunlight do rubber trees need per day?
6 hours of sunlight is required for rubber trees on a daily basis.
What should be the rubber tree soil pH level?
pH ranging between 4.5 to 6 is ideal for rubber trees.
What are the rubber tree soil requirements?
Acidic soil, laterite loam soil, clay loam soil, and Deep and well-drained soil.