Nowadays, everyone wants to start their own business and earn a good amount of money. But did you know that you can start a business worth crores of rupees from just a ₹10 sapling? Yes, you read that right. Many people have become millionaires by growing mahogany trees. All you need is patience, proper planning, and a little hard work.
High Demand for Mahogany Trees
The demand for mahogany trees remains high throughout the year. The wood from this tree is a top choice for making furniture. Due to its quality, the wood sells for around ₹2000 to ₹2200 per cubic foot.
Earn Crores from Just 120 Trees
According to reports, planting just 120 mahogany saplings can earn you over ₹1 crore in 12 years. These trees usually mature in 6 years and can be sold from that time. But if you wait up to 12 years, the profit can be much higher.
Extra Income from the Same Land
You can grow vegetables or other crops in the space between the mahogany trees. This way, you earn money from the same land in multiple ways.
Things to Keep in Mind While Planting
Before starting mahogany farming, check the pH level of the soil. It should be between 6 and 7. The best time to plant the saplings is between July and August.
Keep a 4-meter distance between each tree. Make holes that are one foot wide and deep. Add the following to each hole:
- 5 kg of rotted cow dung
- 100 grams of urea
- 100 grams of single super phosphate
- 50 grams of potash
Where to Buy Mahogany Saplings?
You can buy mahogany saplings from nurseries, agriculture offices, or online. Each sapling costs only ₹10 to ₹15. If you have a garden, you can also grow your own saplings. So, if you want a big return in the future with a small investment, mahogany farming could be the right choice for you!