Onion Farmer Turns Crorepati In A Month’s Time

With the onion prices already touching the sky, marketing companies have gone far trying to attract new customers in an offer of giving onions to them. On the other hand, some farmers have also benefited from investigating in growing onions this year.

One such farmer is Mallikarjuna from Karnataka who gained lakhs overnight by selling onions. He had taken a loan from a bank and invested 15 lakh in the hope to get 5-10 lakh of profits. But fortune had him. As the onion prices rose high he became a crorepati in a month’s time.

Now he had enough money to build himself a house and buy extra acres of land to grow more crops. He has also cleared his debts and has started planning to grow his agriculture work in the future.

In an interview, he tells that he was debt-ridden earlier and taking the loan further was the biggest risk in his life. He also shared that till October it was too much stress to him but after some time he saw himself selling truck full of onions. In and around the month of October he was selling onions at Rs. 7000 per kg quintal but after a few days it rose up to R’s 12,000 per quintal.

Now he owns himself 50 laborers working under him and he also avails new technology to grow the crops.