habaneroHarvesting: Habanero peppers are typically ready for harvest 3-4 months after transplanting. Harvest the peppers when they reach their desired color and firmness. Profitability of Habanero Pepper Farming. The profitabilityChile Habanero gets its name after the Cuban city of Havana. In fact, Habanero in Spanish means chili from la Habana where it was one of the first major producers of this