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Revealed: 10 Crops That Will Make You A Millionaire In 2017

Agribusiness is increasingly becoming lucrative in Uganda. And a number of unemployed Ugandans are embracing agribusiness for income generation, while the employed ones are into  farming to supplement their earnings.

It is important to note that 69.4% of Uganda’s population is still practicing subsistence farming, according to the 2014 National Population and Housing Census Report released in early 2016.

This means that these people must be brought into the money economy through modernizing and commercializing agriculture if Uganda is to achieve a middle income status.

In this article, Godfrey Kigoye, an agronomist and trainer at Katende Harambe Rural and Urban Training Centre, takes us through the 10 lucrative crops that will leave you elevated to the millionaires’ club in 2017.

In no particular order, we bring you a list of 10 crops and how they can turnaround your life’s story. These crops have ready market in Kampala, upcountry towns and outside the country. In Kampala, markets such as St. Balikuddembe  (Owino), Nakasero, Kalerwe, Kasubi, Nakawa, Wandegeya, Kibuye, Nateete and Kireka among others are of great importance for farmers of the crops in this article.  Read on!

Passion Fruits

Kigoye says an acre of passion fruits (local purple) will require an investment capital of about Shs4.9m. This cost will cover seedlings, manure/fertilizers (compost manure, cow dung, CAN and NPK), labour and pests and diseases management.

Kigoye showcasing local purple passion fruits at their farm

If you don’t have a water source, you may need to construct a water tank to harvest run off water. A tank with capacity to accommodate 50,000 litres of water will cost you a minimum of Shs1.5m.

An acre will accommodate 750 seedlings or less depending on the fertility of your soil and consequently spacing. He explains that local purple variety starts flowering as early as three months and peaks at seven months.

He says a farmer can harvest the fruits for one and half years (72 weeks). He observes that under good agronomic practices, a farmer can harvest a minimum of two bags per week.

This means a farmer can harvest 144 bags in 72 weeks or more. At an average farm gate price of Shs150, 000 per bag, a farmer will bank a gross profit of over Shs21m.

It is important to note that prices can go as high as Shs400, 000 per bag. If the 144 bags are sold at Shs200, 000 per bag, a framer will earn Shs28.8m. What a return on investment!

Matooke/Bananas

Matooke is one of the staple foods for many Ugandans, and its high prices have made some people resort to other foods! But this presents an opportunity to money savvy people to make extra cash.

Unlike passion fruits, Kigoye says, matooke growing isn’t labour intensive and while it will require an investment capital of between Shs3.9m-Shs5m, it is worth it.

Matooke farming is ideal

Kigoye says matooke growing requires digging huge pits (4ft*4ft width and 2ft depth) and filling them with a mixture of top soil and compost manure.

He says a pit should shallow a wheelbarrow of compost manure, adding that good suckers cost between Shs15, 000-Shs3, 000 (for tissue cultured bananas).

Good varieties include Mpologoma, Kisansa, Kibuzi, Mbwazirume, Nsakala and Muvubo. He says mulching to conserve water is a must.

One can use dead grass to mulch or apply live mulch using cover crops/herbs like lablab and ‘mukuna’. He also advises digging contours between rows to control soil erosion.

He adds that when matooke is still young, you can intercrop crops like beans. If they are to be mixed with coffee, spacing is 15ft*15ft.

He says in the first year, one will harvest 450 bunches and going by an average price of Shs20,000 per bunch, a farmer will earn Shs9m.

The following years, one can harvest two bunches, meaning that a farmer will be able to harvest 900 bunches in an acre.

This will translate into Shs18m. Under good management, he says many varieties of matooke can last 10 years or so. He says one must prune his plantation and leave only two suckers excluding one that is carrying!

He advises farmers to apply manure every start of the season for better results.  Matooke farming is surely one of the crops that can change your fortune.

Tomatoes

Tomatoes is one of the crops that can make you quick cash, but also one that can make you dread farming for you can make terrible losses if not calculative.

But fear not for many have become millionaires by growing tomatoes, a key ingredient in preparing a good meal. What you need is a good variety and plant at the right time. According to Kigoye, seeds of a good variety that can be enough for an acre will cost you Shs700, 000.

He however says one can cut on costs by getting seeds from tomatoes of a good variety from a trusted farmer or source.

He advises planting at the end of April or in November to avoid bumper harvest when the market is overcrowded. This means you will need to do some irrigation.

Apart from manure, you will also need to apply NPK and manage pests and diseases using the recommended pesticides and fungicides.

You can start harvesting at 90 days and the process goes on for three months. Up to maturity, it requires an investment of Shs3.9m-Shs4.5m. A farmer can harvest a minimum of 120 boxes and going by Shs200, 000 per box, a farmer will earn a gross of Shs24m. Good return on investment! Isn’t it?

Green Pepper, Sweet Pepper, Entula (Bitter tomatoes) and Egg Plants

The seeds for the above crops that can cover an acre will cost a minimum of Shs100, 000. All you need is to get the right variety, do a nursery bed (pot) and transplant into a well prepared field.

This means a field that is well fertilized with manure. These crops that can grow in open field and green house can make you incredible money when grown during off season (given the fact that a few people in Uganda carryout irrigation).

This means planting in April or November is ideal.  After planting, one should manage pests and diseases well. Under best agronomic practices, Kigoye says a farmer can harvest 3-4 bags per week.

The harvest can go on up to two months. Today, a bag of green pepper goes for Shs150, 000 at farm gate price but during bumper harvest, it can go for as low as Shs20, 000!

Sweet pepper is bought in kilograms and a kilo goes for Shs10, 000 going by the current market prices. If one harvests an average of 100 bags of green pepper, they will earn a gross of Shs15m in three months. Kigoye says investment capital for the above crops is estimated at a maximum of Shs2m for an acre.

Maize

Many farmers have been disappointed with maize, thanks to ignorance! Fact is you can get money from maize farming.

All you need is a good variety, proper spacing and pests and diseases control. Kigoye says an acre of maize requires about 10 bags of manure.

The price of manure varies according to locality, but the average is Shs5000. He says when maize is at knee height, a farmer should apply a pesticide to kill the maize stock borer and every two weeks apply a foliar fertilizer.

This helps the plant develop a coating that prevents sunshine from damaging the crops. When about to flower, Kigoye says, a farmer should apply a foliar fertilizer that helps maize cobs grow big and strong.

With an investment of about Shs1.5m or less, a farmer can harvest between 3-3.5 tonnes in four months. Going by the current prices, a farmer can earn an average of over Shs3m.

It is important to note that, the more the acreage, the less the investment and the higher the return on investment.

Cabbages

This is another vegetable crop that can mint you clean cash when grown during the off season. An acre can accommodate between 19,000 and 40,000 cabbages depending on the variety grown and consequently spacing.

Going by the average farm gate price of Shs700, a farmer can earn between Shs21m and Shs10.5m assuming he harvests 30,000 and 15,000 sizeable cabbages respectively.

Cabbages are always in demand during the dry spell

According to Kigoye, an acre requires an investment of about Shs2m. For a farmer to get the best results, he must apply best agronomic practices.

He discourages farmers from growing cabbages during the two main rainy seasons in Uganda because bumper harvest results into lower prices.

Pumpkins

Pumpkin farming isn’t labour and capital intensive. With an investment capital of about Shs1m, a farmer can earn over Shs6.7m.

This is because an acre will accommodate 450 pumpkin plants since spacing is 10ft*10ft (3 metres) apart.   Considering the fact that one pumpkin plant can produce a minimum of 10 pumpkins, 450 plants will give you 4,500 pumpkins and if each is sold at the current farm gate price of Shs1,500, you will earn Shs6.75m in a space of about seven months.

Water harvesting is important for modern farming

All you need to get best results is apply manure before planting, apply a foliar fertilizer and manage pests and diseases well. It is important to note that a pumpkin can go up to Shs2, 000.

To inquire or comment on this story call: +256 775170346 or email: staddewo@gmail.com

If Out Side Uganda, Click Here

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53 thoughts on “Revealed: 10 Crops That Will Make You A Millionaire In 2017

  1. OWINO AMBROSE

    I want to take on maize. The articles has inspired me and given more insight on investment cost.Ambrose Lira.

    • Digracious Mugasho

      Soya bean has a stable market. Beans is also good depending on location and type. If you’re in the north or Easter Uganda, chromatin, sila and gadam sorghum which is a raw material in beer production would be an ideal crop. Simsim and ground nuts too has so far the best prices on the market.

  2. Henry Ssekidde

    The surge in numbers of middle class going for Agribussiness is a good indicator of a progressive future for our country Uganda
    With the growing improvement in infrastructure and political stability, surely the future is pleasing.

  3. Thanks for giving us your educative information about how you can become a billionaire in a short time.

    Am already in maize practicing so I apply the the method because am at the starting stage.

    God bless you.
    Yours,
    Tenywa Paul.

  4. Mr. Kigoye thanks for insight into those crops that can change our fortunes. I am also in namugongo like your training centre.
    I enquire to know if you train and consult in backyard gardening practices.

  5. Bramwel kipkurui

    I am a kenyan but regardless of nationality I am really grateful for the tips you’ve shared.It is significant in whichever venture to do. As for me, I’ll do pumpkin.

  6. kakuru Paul

    good work and keep it up

  7. kajura yoronimu

    thanks for the information,am a teacher of agric.so am planning to grow 2acres of pumpkins l think l can get market

  8. lucky winnie

    Thanks for the good information… I have pumpkins,but market is the biggest problem on me plz help me..

  9. Sami sami

    Am interest in tomatoes

  10. Naome

    Hi thank you sir for your good information. I have some land between masaka and lyantonde. But I don’t stay in Uganda so am wondering if you can help me to get people who are interested in agriculture to use this land on a fee agreed on. We can make an agreement for a period of years until I can be able to decide what I will do on it. I will appreciate. Thank you.

  11. Nuwasasira lamuel

    Naome I can use that land am need of it. Thanks

  12. Godliving mkonyi

    cool idea… am in TANZANIA finding for the pumpkin market

  13. FRANK ODINDO

    Hello. Good article here. I am also into farming and I am looking for a tractor that can help me plough more than 300 acres of land in Soroti, Uganda. Any readers here who knows how I can get this at fair prices? Mr. Senyonyi, also if you have any leads I can follow in this respect, I will be grateful. Thanks. Keep up the good work.

    • Joseph

      ping me on my email (jbalikuddembe(at)newvision.co.ug) i try….what is a fair price in your regard?

    • Diaa

      Hi
      interested in agriculture to use this land on a fee agreed on. We can make an agreement for a period of years
      Send me your point about your land
      Thsnks

  14. Mr Kigoyi thanks for teaching tomatoes can do something for me with your help especialy pestcides.

  15. Mutebi Faruku.

    Thank u so much 4 da lecture sir, but sir am asking whether i can be thru wz beans & soya, are they on market?

    • Digracious Mugasho

      Soya bean has a stable. Beans is also good depending on location and type. If you’re in the north or Easter Uganda, chromatin, sila and gadam sorghum which is a raw material in beer production would be an ideal crop. Simsim and ground nuts too has so far the best prices on the market.

  16. Tukamuhebwa smith

    Thanks mr kigoye to let people know the value of the so called small land they have

  17. violet

    Hello all,
    i want to join farming soonest, i was looking at farming maize, gnuts.kindly advice and how to get the market

  18. Nampehera Alice

    I am greatful dear for the educative programme but there is one problem of us not getting phone contacts of people to help us mean farmers already in progress.

  19. Kivumbi john

    It was a very good article sir for me am interested in pumpkins .Is there market for them because I grow them deep on nakasongola

  20. Mwanje Nathan

    Hello everyone. Thanks a lot brothers and sisters for the good ideas shared. Going for maize and pumpkins.

  21. Jossy kuta

    Thanks for the outlines..however, harvesting 3,000kgs of maize may require more investigation. I have been in this field for 8yrs now, the highest one can make is in range of 1,500Kgs to 2,100Kgs.
    However, my request is to brief the readers on a demonstration farm or garden where 3,000kgs have been achieved, for learning purposes.
    Thanks.

  22. Sebuufu Samuel

    Well done. The information is fit for people with no good attitude towards farming. I tried cabbage, proper timing and good agronomy result into good yields and better market price. God bless you

  23. Nsengimana talent

    Hello thanks for good tips I have two acres on sale in nakaseke district Semuto sub county 52 kilometres from Kampala town any interested call 0770505754 it’s on whatsapp

  24. Mukasa Jairus

    Thanks alot boss for ur lecture and advice but me I’ve been on tomatoes but now I will go in for watermelon because it seems to be high yielding

  25. Thanx 4 the lecture sir. Many ugandans practice subsistance farming coz they dont hv money to invest in…..!

  26. Kasambeko John

    Thanks 4 public! Am interested in growing entula and eggplant but I have limited market so help mi wiz better market.

  27. John

    Thank you so much people. Am now on my second season doing maize. Am farming in Mbirizi Masaka and also open to having fellow farmers utilizing my land at a fee. strictly for farming purposes. the land is about 17 acres

  28. Drichi Moini Andrew

    very good lecture, i personally visited Katende Harambe Rural and Urban Training Center when i was still at campus in 2012 as of now i am practicing what i copied from this farm. hope other readers can also the same from this online lecture

  29. kigongo francis

    i hope the have learnt the source of wealth.am starting today

  30. here in masindi, tomatoes and cabbages are doing wonders.

  31. Martin

    I’m looking for fertile land.. I need about 3 to 4 acres..

  32. Jam already in system with got land around mbarara town for vegs,jam ready to work with an interested guy watsap me on 0786123635′ together we can achieve our goals thank u

  33. Jackie N. Kalungi

    Is it wise to directly plant cabbage seeds in October so that I can only hustle with watering expenses for the last two months of December and January?

  34. Am In Atiak Practicing Entula,tomatoes And Carrots ,amarathus Anyone Interested Call 0788605408 And If You Have Big Land Wil Be Added Advantage.

  35. Paul Kakooza

    Thanks Kigoye, I know you are an Agro enterprise Facilitator and practicing farmers; Your knowledge and statistical returns are practical.

  36. kenyi Osborn

    I have land for an agreed fee (agricultural only) in Kayunga ; 0759194625

  37. OPIO SIMON

    I should like to go into “Banana Passion-fruit”, Can I get seeds from you? I mean the ‘hard cover type’ of Passion fruit also known as “obw’abalalu” in Luganda because they are often stoned down.
    This type is very resistant to disease and weather conditions, the reason for my choice.
    I am in Pallisa, Eastern Uganda.

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