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Plantain Farming Business Plan

Introduction

Plantain farming, chilli pepper and vegetable farming are essential for the purpose of consumption by human beings.

 

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

 

As a business, vegetable farming offers an opportunity to earn a steady income and also provide employment opportunities for a 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.

 

Major customers for plantain, pepper, and vegetables in Nigeria are households. These households can be ranked based on income levels. They include high, middle level and low-level income earners having an annual income of over N800, 000 to N1.5million and everything below N800, 000 respectively. Other consumers of the product are restaurants, hotels, local markets, online/offline food stores food supplement industries who make supplements out of highly nutritious vegetable like ugwu spinach.

 

The high demand for our agro-allied 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 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 Summary3
Introduction6
Business Description 7
Products and Services10
Market Research 13
Competitor Analysis14
Sales and Marketing Plan16
Operational Plan20
Management Plan22
Financial Plan and Projections23
Appendix25

Executive Summary

Overview

PATILAD Agro Farm is a standard and registered organic farm that’s majors in the cultivation of plantain fruit, and minors in bimonthly plants like bell pepper and vegetables like cucumbers, green leaves, spinach, pumpkin leaf, carrots and eggplants.

We are located in Ifo – Ogun State (a 20minute drive to the capital of Lagos State) We take into practice technical ways of running a profitable modern organic farm and hope to establish a robust distribution network all across Nigeria.

The Company

PATILAD Agro farm Agribusiness is established as a Sole proprietorship owned by Dayo Adetiloye. The farm is managed and directed by Dayo Adetiloye, a farmer with good years of experience as an agropreneur.

Our organic farm is poised to produce all month productivity as we have a clearly planned farm system and modern greenhouse technology that allows for continual harvesting season in and out.

Products and Service

PATILAD Agro Farms has a purchased a one-hectare farm and plans to rent more around the same location to cultivate, package and sell the following crops and vegetables all year round.

  1. Plantain Fruit, plantain suckers, plantain flour and plantain chips
  2. Bell pepper, both dried and processed
  3. Fast-growing vegetables like cucumbers, green leaf, spinach, pumpkin leaf, carrots and eggplants.

We cultivate, process and package to sell to resellers, local farmers, food companies, local markets, food stores, online superstores, individuals and corporate.

The Market

The contribution of our farm to reduce the hike in price due to the surge of demand over the supply of our agro-allied products cannot be overemphasized.

The plantain fruits and vegetables are always on consistent high demand all year round, and the market has not been able to reach half of that demand.

Our target markets are in Lagos. Being the business capital of Nigeria and its second-most populous state, Lagos state boasts of over 50 million residents and a food industry valued at 100 billion. Experts also believe that this market will witness a 45% growth in 2017 alone.

Competition

Competitors Choice Farms, Best Foods Global, Ajanla Farms, Obasanjo Farms

PATILAD Agro Farm will establish its competitive edge through the expertise of its founders and resilience in innovative market strategy and product creation. 

Financial Considerations

We seek N10,000,000 in long-term financing to cover start-up costs, equipment and working capital.

Funding for the launch of the business is provided primarily by Grants 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.  Revenue will top N48,200,000 and profit will reach about N5,954,573 in the 1st year of operation.

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