OK, so after a whole lot of research, the product I´m going to harvest first in Ecuador is… drumroll please:
Stevia is a plant that originates from the South American Amazon (Paraguay region) that is used as a natural sweetener with zero calories used in the place of sugar. It grows in the tropics up until 2,400 meters of altitude provided it has a steady, almost daily water source.
I know first hand that sugar is dangerous (especially for your waistline) and addictive. The less you have the less you want it.
I like that it´s a South American plant, so it´s not like you´re forcing something on the land that shouldn´t be there.
Also, I know first-hand through serving food at the restaurant in my hotel, sometimes we serve as many as 40 people in one night, that people are getting more and more sugar-carb-gluten-lactose conscious than ever before and any product that fits in with those diets can be a winner.
In the west, Stevia is still relatively new on the scene, and on the come-up. In 2008 certain extracts were approved by the FDA, in 2011 it was approved by the European Union.
The demand for the plant worldwide is growing
exponentially. According to El PAIS, one of the largest newspapers in Spain, Stevia
consumption worldwide has grown
from 35 tons in 2008 to 916 tons in 2013.
I also like that the harvest cycle is short, every 3 months you can expect a new harvest. So I should know quickly if this is a true money maker.
Expected production and income.
80,000 plants can enter into one hectare. I´m going to start with 40,000 plants. Each plant is expected to produce 40-120 grams of dried leaf product each three months. The kilo sells here in Ecuador for around $4 per kilo. So for 40,000 plants at the low end of 40 grams per plant thats 1,600 kilos each 3 months.
Total expected income from 40,000 plants each three months= $6,400. Total per year= $25,600.
Plus, if I grow
, in the future I could export for potentially higher prices.
What will I really make? Stay tuned to this newsletter to find out.
Expected initial costs.
I’ve been covering the costs as I go. So far I’ve spent about $600 in prepping the land and $1250 in the annual lease paid up front. This week i hope to install th irrigation system which could be a few thousand more dollars but I may have found a way to minimize that cost. I don’t plan on hiring anyone fulltime, just part timers to help weed, prune and harvest. The average cost per day of temporary help is $15 per day.
This is still an unknown but I’ll cover this every step of the way, stay tuned! And in the near future I may be interested in taking on an investor for a bigger plantation so if interested let me know.
So which crops are the most profitable options in Ecuador? For that and more, you’d love my weekly newsletter, revealing everything you need to know BEFORE you invest in Ecuador. Unsubscribe at any time:
Journeyman Jack Ecuador
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