Standard Rice Farming and Processing Business Plan with 3 Years Financial Analysis - Business Plans, Funding, and Opportunities - Utibe Etim

Standard Rice Farming and Processing Business Plan with 3 Years Financial Analysis

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This rice farming and processing business plan with 3 years financial analysis is developed for those that are interested in going into rice farming and in need of a business plan to source for funds. The business plan focuses on using improved varieties and modern ways to cultivate rice on a commercial level. It takes 4 months for the rice to mature.

Rice is one of the most staple foods consumed in Nigeria both by the wealthy and the poor.

As the population increases, the demand for rice is on the increase. Most of the rice consumed in Nigeria are imported

It will interest you to know that Nigeria is the largest producer of rice in West Africa and the third in Africa after Egypt and Madagascar producing about 3 million metric tons on the average annually, falls short of meeting its local demand which is placed at about 5 million tons and Nigeria spends 1 billion Naira on rice importation daily and that is about 365 billion Naira annually to meet the high demand.

Rice can be cultivated anywhere in Nigeria as long as there’s sufficient water and well-prepared soil and also depends on the varieties. Presently, the area of land used for rice cultivation is about 2.5 million hectares in Nigeria. Just 4 months the rice mature.

The state with the highest local production of rice in major cultivation areas like Sokoto, Ogun, Ebonyi, Enugu, Anambra, Niger, Kogi, and among others.

 The varieties of rice grown in Nigeria are upland rice, lowland rice and fadama rice and it depends on the geographical area.

The business plan is in ms words and the financial is done in excel.

The 3 years financial is made up of startup or expansion cost requirement, fixed monthly expenses, salary analysis, sales projections, cash flow, income statement, balance sheets, break-even analysis just to mention a few.

Instead of wasting time and energy trying to prepare one for yourself and still find it difficult, the standard business plan will help you save time and money.

ABUBAKAR from kano bought this item recently.
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The rice farming and processing business plan we developed is for you to use it to source for loan or grant or to present to investors for funding.

The business plan is in the soft copy so that you can easily make changes to it anytime, anywhere.

NOTE: if you don’t like a kind of already developed business plan (generic) and you need a tailored and unique business plan to be developed for your business, kindly click here to check the different packages we have.

Take a look at the table of content:

1)      Table of Contents

2)      Executive Summary: The summary includes introduction, products and services description, marketing and sales among others

3)      Company Overview: this includes

  1. Mission Statement
  2. History and Current Status
  3. Markets and Products
  4. Objectives
  5. Keys to success

4)      Product or Service description.

5)      Industry and Market Analysis

  1. Introduction
  2. Industry analysis
  3. Market analysis
  4. Customer analysis
  5. Competitor analysis
  6. SWOT Analysis

6)      Marketing Strategy

  1. Target Market Strategy
  2. Product/Service Strategy
  3. Pricing Strategy
  4. Distribution Strategy
  5. Advertising and Promotion Strategy
  6. Sales Strategy
  7. Marketing and Sales Forecasts

7)      Operations

  1. Operations Strategy
  2. The scope of Operations
  3. Operating Expenses

8)      Development

  1. Development Strategy
  2. Development Timeline
  3. Development Expenses

9)      Management

  1. Company Organization
  2. Management Team
  3. Administrative Expenses

10)   Summary of Financials

  1. Financial Assumptions
  2. Financial Forecasts
  3. Projected Cash Flow
  4. Income Statements

iii.      Balance sheet

  1. Profit and loss
  2. Profit Margin, chart etc
  3. Financial Risks

11)   Appendices

Support for Product/Service Description (e.g., diagrams, pictures, etc.)

Financial Statements

  • Income Statement [3 years]
  • Balance Sheets [3 years]
  • Cash Flow Statements [3 years]
  • Ratio Analysis [3 years]
  • Other supporting financial statements



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