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RICE Milling Business Plan

Rice farming has proven to be a very lucrative business not only in Nigeria but in the world at large.

As a business, they offer an opportunity for rice farmers to earn a steady income and also provide employment opportunities for a countless number of men and women.

One of the major customers for rice farms in Nigeria is the major fast-food companies like Mr Biggs, Tantalizer, Tasty-Fried Chicken and UAC followed by hotels, restaurants and then household consumers of chicken. The high demand for chicken meat, egg and other rice products have led to an increase in rice farms spring up in many parts of the country.

However, there is a shortfall in the supply of chicken and egg because of most of the rice farms in the country. Hence starting a rice 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 content

Page

Executive Summary4
Business Description7
Products and Services12
Market Analysis13
Competitor Analysis15

Sales and Marketing Plan19
Operational Plan25
Management Plan 27
Financial Plan and Projections30

 

 

Executive Summary

 

 

Overview

 

 

PATILAD Rice Farm is a start-up rice Farm that is involved in the production of quality and affordable edible polished rice targeting consumers in North Central Nigeria and is located in Lafia, Nassarawa state.

 

 

The Company

 

 

PATILAD Rice Farm is established as a limited liability company owned by Dayo Adetiloye, Kemi Awe, and other investors. 

 

 

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

 

 

Products and Service

 

 

PATILAD Rice Farm will sell packaged locally produced edible polished rice.

 

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

 

 

The Market

 

 

Nigeria as the largest nation in African presently consumes about 5 million MT of polished rice annually and about 36% of the rice consumed in Nigeria is imported.

 

 

 

According to the statistics released by the Federal Ministry of Agriculture and Rural Development (FMARD), 1.8 million metric tons (MT) of polished rice valued at N660 billion was imported into the country in 2014 alone.

 

 

 

Competition

 

 

 

Competitors for PATILAD rice Farm are Choice Farms, Best Foods Global, Meat World Foods, Chi Farms, Obasanjo Farms.

 

 

PATILAD rice Farm will establish its competitive edge through the expertise of its founders.

 

 

Financial Considerations

 

 

 

PATILAD rice Farm seeks N10 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.

 

 

  Revenue will top N14,500,000 and profit will reach about N3,843,950 in the 1st year of operation.

 

 

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