Rice Farming / Processing (Parboiled)
TABLE OF CONTENT OF RICE FARMING BUSINESS PLAN AND FEASIBILITY STUDIES IN NIGERIA PDF / Word
Executive Summary
Introduction
Business Description
Products and services
Competitive Advantage
Market Research
Competitor Analysis
Sales and Marketing Plan
Operational Plan
Business Risk
Management and Structure
Financial Plan and Projections
See a small portion of the business plan
Executive Summary
Overview
MNO Rice Farm is a start-up rice Farm that is involved in Farming and processing of quality and affordable edible polished rice targeting consumers in North Central Nigeria and is located in Lafia, Nassarawa state.
The Company
MNO Rice Farm is established as a limited liability company owned by MR X, Kemi Awe, and other investors. The farm is managed and directed by MR X, 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
MNO Rice Farm will produce and 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 are 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. Apart from the stiff competition imported rice pose to locally produced rice, they have lower quality and pose serious health hazards.
However, the government ban on the import of rice provides incentive for increased production to farmers, mill operator marketers, transporters and other stakeholders within the Rice Industry.
MNO Rice is set up to bridge the gap with the enormous local production in the village through the provision of packaging, distribution and retailing services to these rice producers cum millers.
Competition
Competitors for MNO Rice Farm are Choice Farms, Best Foods Global, Meat World Foods, Chi Farms, Obasanjo Farms.
MNO Rice Farm will establish its competitive edge through the expertise of its founders.
Financial Considerations
We seek 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 1styear of operation.
Introduction
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 steady income and also provide employment opportunities for countless number of men and women.
One of the major customers for rice farms in Nigeria are the major fast-food companies like Mr. Biggs, Tantalizer, Tasty-Fried Chicken and UAC followed by hotels, restaurants and then house hold consumers of chicken. The high demand for Chicken meat, egg and other rice products has led to an increase in rice farms spring up in many parts of the country.
However, there is a short fall in the supply of chicken and egg because 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.
Business Description
MNO Rice Farm is a start-up rice Farm that is involved in production of quality and affordable rice and other rice derivatives targeting consumers in North Central Nigeria and is located in Lafia, Nassarawa state.
MNO Rice Farm is a new business and is about to start registration process with Corporate Affairs Commission of Nigeria.
VISION
To be among the first 3 largest Rice Farm in North Central Nigeria by 2028.
MISSION
• To give our customer the very best product and customer service so that we may earn your trust and future business.
• To provide an excellent, top-notch and inviting environment for rice processing, wholesaling and retailing
OBJECTIVES
• Increase revenue from the sales rice to N30,000,000 over 2 years
• To maintain profit margins at 20-25% through close attention to expenses and cost of rice production.
• To drive awareness and build sales through mentions in both local print and digital media.
In Nigeria rice farming is a very lucrative investment that shouldn’t in any way whatsoever be looked down on. It is a very high yield crop as just one Acre of rice farm is capable of producing over 100 bags of rice. Amazing right? Also, it doesn’t require much time before you’ll start getting your profits. It only takes less than five months between planting and harvesting so if you obtained your capital by a loan you can be sure to pay it up quickly. In fact obtaining loans to invest in rice farming is quite easy as the government greatly encourages agriculture.
Rice farming doesn’t require much training. Once you are interested it is not so hard to get a grip on it as the procedures are quite simple.
We have compiled the necessary information you would need for running a successful rice farm.
They include;
(a) Your choice land should be swampy and less acidic.
(b) You have to select and make use of high yield variety of rice specie.
(c) Be sure to make use of the proper fertilizer and apply it the right way.
(d) Have a good method of weed control making sure your timing is right.
(e) The earlier the better they say, so plant early.
Points To Consider If You Want Good Yield On Your Rice Farm.
Selling rice is very easy as the demand is very high. If you so desire you can sell off your rice immediately after harvest. Unless you want to process or stock it. According to statistics, rice is the most consumed food staple in China, Indonesia, Tailand, and Nigeria. It can be prepared and eaten in different ways as there is almost no limit to the methods of preparing rice hence the huge demand for rice.
No doubt you want to get started immediately. We have let down the steps to follow in cultivating and harvesting your rice.
Make Sure To Choose Seeds Good For Rice Farming
Choose healthy seeds. There is no magic involved, if you want a healthy and high harvest, then you have to make use of a very good specie of rice. Manually select the seeds and go for the best.
This is very important, the quality of your seeds is a major determinant of the success of your farm.
Raising Rice Seedlings in Nursery
The rice seeds has to be planted in a prepared seedbed and transplanted after two or three weeks. It is advisable for the rice to grow in a nursery first because transplanted rice matures to harvest faster than non transplanted rice. It is advisable to solarize the Soil, if it is possible. This is as a result of the fact that most soil borne pathogens and nematodes attack transplanted rice, greatly reducing the rice yield and Soil solarization reduces these pathogens and nematodes. It is a way of heating the soil by covering it with transparent polythene sheet so as to control soil borne diseases.
According to statistics Rice yield increases by about 36% when solarization method is employed in raising the seedlings.
Get A Swampy Land
Rice grows well in a swampy land. If you can’t find a swampy land then the land has to be made so by means of irrigation. But it is better if the land is already swampy as it saves you the time, energy and money you would have otherwise spent on irrigation because despite the fact that rice can be grown in both upland dry condition and lowland swamp and irrigated, it remains an indisputable fact that rice yields better on lowland swamp or irrigated soil.
When you’ve gotten your land, get it ready for planting by clearing it and you could also make use of tractors to till the soil surface properly.
Weeding And Soil Nutrients Management
For your to rice farm to yield well, you need to properly weed and manage soil nutrients. More often, after two months of transplanting, the rice farm would be ready for weed control. The herbicide has to be applied in moderate quantities so as to achieve required result and not not harm the rice. The herbicide could be applied twice before harvest.
Soil nutrients can be supplemented by applying fertilizer and it is advisable to do so a month after transplant. The right fertilizer has to be used, preferably Organic fertilizer. Be sure you are applying the right quantity as too little or too much is detrimental to the health of the rice. The preferable method of application is spraying.
Time To Harvest Crop
You will know that your rice is ready for harvest when it changes colour from green to light brown. This happens normally within 4months of planting.
There is no need to delay when your rice is ready for harvest. You have to be harvest fast otherwise pests would eat it up.
You can now see that rice farming is actually not as difficult as most persons think. The crop equally matures fast so within five months you’ll have your profits. Don’t allow anything to stop you. Start your own rice farm now.
