Dragon Fruit(Pitaya)

Benefits fromDragon Fruit

Business Potential of Dragon Fruit

Pitaya also exhibits certain desirable and distinctive agronomic features/characteristics that enhance its prospects as a suitable and viable replacement commercial crop. These features include the relative ease with which it can be propagated (by cuttings), thereby reducing the expense normally associated with purchasing additional planting materials; its relatively low crop maintenance; the short turnaround time between planting and harvesting (12–18 months) compared to other traditional fruit trees; and its high yield rate, ranging from about 20 to 60 pounds per plant (Gunasena, Pushpakumara, and Kariyawasam 2006). In addition, pitaya is a perennial crop, with a life span of 20 to 30 years, ensuring that, with proper care, it can provide a steady stream of income (Crane and Balerdi 2009; Gunasena, Pushpakumara, and Kariyawasam 2006).

Capital and Profit

Computation for a One Hectare Piece of Land:

Initial Capital = Php 1,106,000 Yearly Operating Expense = P 394,000

Capital Needed to Start = P 1.5M

ROI: 3 to 4 yearsIncome after ROI: P1M per year (minimum)

Expected Life Span of DF: 20 years minimum

1st year 2nd year 3rd year 4th year 5th year 6th year 7th year 8th year 9th year 10th year

(1,500,000) (1,500,000)

(700,000)

0

1,100,000

2,300,000

3,300,000

4,350,000

5,550,000

6,750,000

Business Summary GraphSeries1

Considerations:- Based only on 1 Hectare of Land- Cost for more Hectares will be less- Projections are for Land Owner only- Actual values may vary- Safe Assumptions are made

Income generatorDacuycuy, 69, says dragon fruit growing has become a promising source of income.From a single post of dragon fruit, she estimates an income of P1,000 a year. This means that for every hectare of land planted with at least 1,000 dragon fruit posts, a grower may earn as much as P1 million on the third year when the plants mature. This projection, she says, is based on an average harvest of a ton from April to November.This projection, however, does not include income from other dragon fruit-based food and beauty products that Refmad Farms has introduced to the market. Among these are tea, ice cream, cookies, cake, vinegar, wine and soap.

Read more: http://business.inquirer.net/200760/dragon-fruit-growing-business-gains-ground#ixzz45RH5RPmC Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

Conclusion

Business Capital : P1.5M ROI : Within the 4 Years Net Annual Income : P1M per hectare after 4th year Pitaya Life Span : Min 20 Years

Business Summary

Water Source Security Issues Weather Conditions Others

Possible Down-Falls:

A great Project!!!