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Goat Farming Business Plan

Introduction

Goat farming is one of the most rewarding animal rearing business anyone can engage in anywhere in the world. Goat meats are widely accepted and consumed round the globe, while the milk is also gaining in popularity and is being sold in supermarkets across the United States, Europe and Asia and represent the bulk of the liquid milk market. Here in Nigeria, the goat milk is still not yet widely consumed because farmers are not yet taking advantage of the opportunity. The meat is believed to be the best animal meat available anywhere in the market for good reasons. Not only does the meat taste great, it is also lower in fat than chicken but contains higher protein than beef, that makes it better than chicken and beef.

Goat production as a business offer opportunity for farmers to earn steady income and also provide employment opportunities for countless number of men and women. Some of the major customers for our Goat farms in Nigeria are the major fast-food companies like Mr. Biggs, Tantalizer and UAC followed by hotels, restaurants and then household consumers of goat meat. The high demand for chevon and its derivative products has led to an increase in goat farms springing up in many parts of the country.

However, there is a short fall in the supply of goat because most of the animal farms in the country produces mainly poultry and aquaculture products. Hence starting a goat farm of your own either on a large or small scale is indeed a very wise decision as this will bring you immense financial benefit both in the short and long term.

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Table of ContentPages
Executive Summary5
Company Overview7
Industry Analysis10
Marketing Plan25
Operations28
Management Structure31
Financial Plan Projections35
Business Risks and Mitigants38

Executive Summary

Overview

PATILAD GOAT Farm is an integrated farm involved in the production of quality and affordable goat meat also known as chevon, milk, skins and manure amidst other derivative products from them targeting consumers in south-south Nigeria and the country at large. We are located in Ikorodu, Lagos state.

The Company

PATILAD GOAT Farm is established as a limited liability company owned by Dayo Adetiloye, Oyebade Adejumobi, and other investors.  The farm is managed and directed by Dayo Adetiloye, a veteran in the agricultural industry with over 15 years’ experience and Oyebade Adejumobi, an experienced Agro-allied specialist who also has vast years of experience in integrated animal farm management.

Products and Services

PATILAD GOAT Farm sells goat products, including goat meat aka chevon (for adults), or cabrito for meat from younger animals. Milk, skins and manure will also be sold as a by-product of our farm with skin accounting for more than 60% of revenue from this sources. Customers desirous of purchasing live goats will also get their choice. Our abattoir services are done in the most professional and hygienic way where we dress live goats for our customers and also sell goat (by)products to our customers. Our products are hygienic, rich in protein and of high quality. We produce, process and package to meet the requirements of standard organization of Nigeria (SON) and the international standard organization (ISO).

The Market

Nigeria as the largest nation in Africa presently consumes a combined 8.5 million metric tonnes (MT) of goat meat. This is against the background of domestic production of just about 5.5 million MT. Although new goat farms are springing up from time to time in the country, the level of production is mainly subsistence, the common breeds raised are of low fecundity, production system is inefficient and the market is grossly unorganized. A lot of the goat industry’s production potential remains generally untapped.

Competition

Competitors for PATILAD GOAT Farm are Linda Farms, Chucks Farm, Yemi Dare Farm, Tunde Enterprise and Akin and sons. PATILAD GOAT Farm will establish its competitive edge through the expertise of its founders, its excellent products and services and its affordable prices. 

Financial Considerations

PATILAD GOAT Farm seeks N10 million in long-term financing to cover operation 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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