Lakhan Yadav, based in Indore, Madhya Pradesh, is one of India's millionaire plantation farmers, recognized and awarded for his remarkable success in bamboo cultivation. He earns approximately 40-50 thousand per acre, with projections indicating that this could increase up to 1 lakh in the coming years, depending on production.
The Backstory
Belonging to a farming family, Lakhan was always fascinated by agriculture. After completing a Bachelor’s degree in Commerce, he wanted to explore the agricultural domain. But the lack of finances came in the way. To solve this problem, he started a business that could eventually help fund his agricultural farm. Initially, he established a computer institute, venturing into real estate, and import-export later. He also engaged in multiple other businesses from 1999-2014.
Innovative Research
After saving up for several years, he commenced research on how to maximize farmers' income and debt reduction. He conducted surveys to find better and more modern techniques, including intercropping, multiple cropping, and profitable crops that could yield maximum income between 2014-2017. Then he started the trial in 2017 and till 2020, trials were done on 20-25 crops, out of which some crops were seen to increase farmers' income. Those were the intercropping of Bamboo and Eucalyptus.
The Big Revelation
According to Lakhan, he chose bamboo because the crop is fast-growing, low on maintenance, and beneficial for the environment. If it is grown on boundaries, it can protect other crops from heat and cold waves. Besides, eucalyptus was selected as an intercrop to maintain income throughout the year. The combination of these two was able to provide a good income source for him.
Embracing Organic Farming
Besides bamboo cultivation, Lakhan also practices organic farming, which includes the use of cow urine, cow dung, etc., resulting in the improvement of soil health. According to him, when he shifted to organic farming, the productivity was initially very low, around 30-40 percent. The following year, it increased to 50-60 percent, but now it is equal to or even better than that of inorganic farming in some crops. Additionally, input costs are low, and net profit has increased.
Inspiring the Next Generation
Lakhan’s message is for the youth, particularly those coming from farming backgrounds, to actively engage in contributing to their villages and farms. He urges them to explore innovative techniques. Furthermore, he believes that agriculture serves as the foundation for all other enterprises, both directly and indirectly. “It is a noble endeavor that not only sustains communities but also drives progress and prosperity. Let us unite to nurture and enhance this vital aspect of our society,” he says.
