COST BENEFITS OF ANALYSIS OF VERMICOMPOSTING

 

      COST BENEFITS OF ANALYSIS OF        

                 VERMICOMPOSTING

Ø By using proper species of earthworm vermicomposting can be done in compost pits. This can be organized into a production units as the vermicompost has high demand in the market for the production of organic food products.

Ø In commercial scale production , a considerable amount of Rs. 5000 – 6000 for every ton of vermicompost has to be invested initially on capital items. This high capital cost due to the considerable expenditure on the preparation of vermibeds , sheds to provide shelter to these beds and other machinery.

 

 

Preferred location for vermicomposting:

                 Areas with a predominace of agriculture, shrubs of cities and peri urban villages are ideal for the vermicomposting units for larger and commercial  purpose .

Components of a vermicompost commercial unit:

SHEDS:

This is an essential unit for vermicomposting. This can be prepared by using roofing materials. This is essential because to prevent the bed wetting due to rain. Space should be left around the beds for the easy movement of the laborers attending to the filling and harvesting the beds.

VERMIBEDS:

The bed should be 0.3-0.6 m height based on the provision of drainage of excess water. The bed width  should not be more than 1.5 m so that worms can have easy access to the center of the bed and during the process of conversion the layers should be mixed up after half of the conversion so that every waste will be converted into the final product.

LAND:

Nearly half of an acre is needed to set up a commercial unit which can have 6-8 sheds for convenience. The electrical facility is also required for setting up the vermicompost units.

WATER SUPPLY SYSTEM:

Drippers with round clock flow arrangement would be easy for a continuous supply  of water. This system  also  saves water. The cost of these items depends upon the unit and type of water supply chosen.

MACINERY:

Machinery is required for cutting and shredding the raw materials into small pieces , spreading the raw material to  the vermisheds, loading , unloading, collection of composts, loosening of compost beds for aeration , air drying of compost before packing , automatic packing etc…

FINANCIAL ASPECTS OF VERMICOMPOSTING:

 Generally it is estimated that 2-3 cycles of production in the first year and the subsequent years it is increased to 5-6 cycles with a duration of 65-70 days for each cycle. Benefits include the income for the sale of compost is Rs. 3500 per MT and the worm cost is Rs. 200 per kg. the  net income from the second year can be expected around rs.600000 anually.

THE PRODUCTION COST OF VERMICOMPOST

·      Leveling of the land and vermicompost sheds – Rs. 7500

·      Fencing and gate – Rs. 25,000

·      Vermicompost beds – Rs.70,000

·      For organic waste – Rs.30,000

·      Packaging material – Rs. 30,000

·      Storage costs – Rs. 20,000

·      Water provision – Rs. 75,000

·      Electrical installation-  Rs.30,000

·      Earthworm cost – Rs. 25,000

·      Transportation cost-  Rs.30,000

·      Labor charges-  Rs. 50,000

·      Miscellaneous charges – Rs. 39,250

·      Total costs involved – Rs. 4,31,750

PROFIT CALCULATION IN WORM FARMING

Ø Sale of vermicompost 200 empty as the production will be 60% in the first year and 90% in the subsequent years. 1 MT price is Rs. 4,500

Ø Sale of worm meal= Rs.200 per kg = Rs. 90,000 on the overall units.

Ø Sale of worm meal= Rs.150 per kg= Rs. 30,000 on the overall units.

PROFIT OF VERMICOMPOST PRODUCTION

Ø PROFITS= Total costs involved = Rs.8,20,000 – 4,31750 for first year  later the profits will be increased as the production will be increased to 90% . that folks about the production cost of vermicompost and production income of vermicomposting.

 

                              THANK YOU!