Is it profitable to grow agarwood? Profits and prospects of growing agarwood

Is growing agarwood profitable?

Currently, growing agarwood is very profitable. It has a wide range of uses, and the wild species are almost exhausted. The market demand is also constantly expanding and is in a state of supply exceeding demand. Therefore, if it is properly maintained, it is still very profitable.

Profits and benefits of growing agarwood

If 300 agarwood trees are planted in one acre of land, the initial investment cost will be around 2,500-3,000 yuan. After ten years, according to conservative estimates, the profit can be around 400,000 yuan, which is a very considerable income.

High-yield cultivation techniques for agarwood

1. Digging a pit

Before planting agarwood seedlings, you need to dig a hole. The length and width of the planting pit is about 50 cm and the depth is 40 cm. After digging, fill it with some topsoil, because it is rich in humus and can be used as base fertilizer.

2. Planting

When planting agarwood, make sure the seedlings are upright and the root system is fully expanded, then slowly backfill the soil. Be careful not to compact the soil too much, and water it in time to help the roots take hold, which can increase the survival rate.

3. Water and fertilizer

The plant agarwood has very high requirements for water and fertilizer. It must be watered thoroughly during normal times and fertilized mainly with compound fertilizer, which can be applied 4-5 times a year.