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Ginger Farming Business Plan

INTRODUCTION

Ginger is grown in Nigeria generally in the Middle Belt States. The most notable are Kaduna, Plateaus, Niger and Nasarawa States in order of quantity produced. The production of ginger in Nigeria started vigorously in 1927, when an investigation was carried out to find a crop that would generate internal trade for the people of Southern Zaria Province (now Southern Kaduna), the traditional home of ginger production in Nigeria. The plant is now cultivated in different parts of Nigeria, though the major producing areas include Kaduna, Nasarawa, Sokoto, Zamfara, Akwa-Ibom, Oyo, Abia and Lagos states. Ginger is an herbaceous perennial plant that is grown as an annual in commercial production. It is cultivated in the tropical and subtropical regions of the world. The ginger plant grows from 2 to 4 ft (61-122cm) high under commercial conditions. Edible ginger is asexually propagated from a portion of the rhizome. Although, many varieties of edible ginger are grown worldwide, only two types are cultivated in Nigeria.

Commercial cultivation of ginger is very successful in Nigeria due to its market value. Ginger production is not only for income and revenue generation, but it is also known for its medicinal value/health benefits and so demand for ginger is high in the national and international markets. The harvested products will be sold to production industries as raw materials and also exported to neighbouring countries for revenue generation.

Ginger is marketed in different forms such as raw ginger, dry ginger, bleached dry ginger, ginger powder, ginger oil, ginger oleoresin, gingerale, ginger candy, ginger beer, brined ginger, ginger wine, ginger squash, ginger flakes etc. The base of the leaves sheathes the stem. The leaves are dark green, 15-20 cm long, narrow, lanceolate and with a prominent midrib. The flowers are small, yellowish, speckled, each with a purple speckled lip and borne on a spike. When the plants are about 9 months old, the green leaves turn yellow. Ginger goes for domestic consumption and also exportation.

In Nigeria, Ginger farming is one aspect of farming with the ability to generate income and profits year-round. As it is, ginger farming is one of the easiest agricultural engagements a farmer can venture into and the demand for ginger is year round, creating a veritable stream of income for the would-be farmer.

As a business, ginger farming offers an opportunity to earn steady income and also provide employment opportunities for countless number of men and women. On a national scale it also helps to reduce our dependence on other countries to meet our increasing food demand.

The high demand for ginger and its associate products has led to an increase in farmers springing up in many parts of the country. This however is still a far cry from the ever increasing local demand for the product. Hence starting a ginger farm of your own either on a large, small or medium scale is indeed a very wise decision as this will bring immense financial benefit both in the short and long term.

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Table of content

Page

Executive Summary4
Business Description 7
Products and Services11
Market Analysis11
Competitor Analysis13
Sales and Marketing Plan14
Operational Plan20

Management Plan 25
Financial Plan26

Executive Summary

Overview

PATILAD Ginger Farm is a new farm that is involved in cultivation, processing, sales and distribution of highly nutritious disease-free, high quality, organically cultivated gingers and other vegetables such as garlic, potatoes, lettuce, melon, mushrooms, etc targeting consumers throughout Lagos and Ogun Nigerian.We are located in Ibafo Ogun State.

The Company 

          

PATILAD Farm is established as a limited liability company owned by Dayo Adetiloye, Adebayo Tijani, and other investors. 

The farm is managed and directed by Dayo Adetiloye, a veteran in the Agric. industry with 8 years’ experience and Akinyemi Victor an experienced Agro-allied specialist with over 15 years’ experience.

Products and Services

PATILAD Ginger Farm will basically sell healthy disease free and highly nutritious gingers.

Our commercial Ginger farm is going to be standard hence we will be involved in cultivating other vegetables such as garlic, potatoes, lettuce, tomatoes, sweet corn, mushrooms and melon.

We will be involved in organic and non – organic ginger farming. Other products and services include viable and hybrid farm seeds, training and on-farm experience for would-be young farmers, etc.

We produce process and package to meet standard organization of Nigeria and international standard.

We are concerned about providing gingers products that meets for edible purposes.

The Market

Ginger is one of the most excellent spice crops cultivated in Asia, and India accounts for 40% of the world’s ginger production.

Ginger roots have high demand in national and international markets due to its excellent uses and benefits.

Farmers can make gold out of it if only they follow the proper farm management practices.

Nigeria is the 4th world’s largest ginger producer.  

Ginger is being used as spice in many food items as well as in herbal medicines due to its excellent medicinal properties.

While per capital has remained stable in recent time, the price of ginger and other vegetables has increased as consumers demand premium, fresh vegetables.

Competition

Competitors for PATILAD Ginger Farm are mainly small holder farms located in and around Ogun state.

PATILAD Farm’s competitive edge includes the use of modern production techniques and equipment which turns out high quality products, excellent customer service, the expertise of its founders, etc.

Financial Considerations

PATILAD Ginger Farm seeks N5 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital.

Funding for the launch of the business is provided primarily by equity from the partners and investors. 

The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners.

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