This is a sample business plan that I have put together which can be adapted to suit most smallholding and farming enterprises that are start ups. Castor Seeds are valued mainly for their oil, which is used in pharmaceutical products. ... Can u advise on Inter-cropping maize and castor…and also which do u think is more profitable,maize or cassava farming please.I will also like to chat u on whatsapp pls….08137575773. leading the development and implementation of the overall organization’s strategy. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats. As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more as agreed by the management of the farm. Farmers in the castor bean farming industry primarily grow castor bean / castor oil tree for industries that make use of castor seeds for the production of food and preservatives, medicine (laxative) naturopathy castor oil, bio-based polyol in the polyurethane industry (coatings), precursor to industrial chemicals, lubrication oil, as feedstock in the production of biodiesel and skin and hair care (cosmetic oil). In the mid-1930s, Baker Castor Oil Company began a program to develop domestic production to supply their processing plant in California. Jake Tyson® Castor Bean Farms, Inc. is a world class castor bean (castor oil plant) farms that is in business to cultivate castor beans (castor oil plant) in commercial quantities and processed castor oil for both the United States market and the international market. Welcomes guests and clients to the farm by greeting them in person or on the telephone; answering or directing inquiries. Writing a bank and investor ready professional Cassava Farming business plan can be challenging. Here are the payment options that Jake Tyson® Castor Bean Farms, Inc. will make available to her clients; In view of the above, we have chosen banking platforms that will enable our client make payment for the purchase of castor beans (castor oil plants) and castor oil without any stress on their part. The seed also contains ricin, a water-soluble toxin, which is also present in lower concentrations throughout the plant. We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for our castor beans (castor oil plants) and castor oil is to sell them at competitive prices hence we will do all we can to ensure that the prices of our castor beans (castor oil plants) are going to be what other castor bean (castor oil plant) farmers would look towards beating. Global castor seed production is around two million tons per year. Owning a coffee farm is no easy task. Start your own agriculture farm business plan. Castor oil and its derivatives also find major application in soaps, grease, hydraulic brake fluids and perfumery products as well. The fact that there is always a ready market for castor beans (castor oil plants) and castor oil makes the business highly thriving and profitable. They both have had the needed experience to manage the agriculture farm and take it to the desired level. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer. Castor bean or castor oil plant which is known as Ricinus communis is a species of perennial flowering plant in the spurge family, Euphorbiaceae. Jagdish Reddy More so, your strategic plans will help you develop a mission statement that … This profile envisages the establishment of a plant for the production of castor oil with a capacity of 1,000 tonnes per annum. Castor Farming. In 2012, Soweto-born Thabang Mabapa was helping to clean up a local community church when … Your castor seed farming business plan does not only serve as your guide in the course of your business. Do you want to start a castor farm and need to write a plan? It is very sensitive to high humidity. Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we will operate an all – round standard commercial castor bean (castor oil plant) farms that will also include castor oil extraction and processing plant. KC1, KC2, KC3 and KC4. We have put plans in place that will help us launch a standard and world – class castor oil processing plant within the first three years of officially running Jake Tyson® Castor Bean Farms, Inc. We will process and package castor oil that they flood the market both in the United States and in other countries of the world; we want to compete with the best in the industry. Please note that the above projection might be lower and at the same time it might be higher. At Jake Tyson® Castor Bean Farms, Inc., we will ensure that we hire people that are qualified, hardworking, dedicated, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers). The Complete Business Summary of Setting up a Castor Farm & Plant. Tag: Castor Farming Business Plan. A good business plan will help your farm or food production business grow. Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo et al. In essence a castor bean (castor oil plant) farmer should be able to sell his or her farm produce to as many people as possible including production companies that make use of castor oil as raw materials. Rather, it is a paper that can be changed as the business grows and as new ideas and new issues arise. In essence we are not going to rely only on the sale of our farm produce to generate income for the business. In view of the above, here are some of the basic areas we will spend our start – up capital in setting up our castor bean (castor oil plant) farm; Going by the report from detailed research and feasibility studies conducted, we will need an average of four hundred and fifty thousand dollars ($450,000) to start a standard castor bean (castor oil plant) farm with castor oil extracting and processing plant business in the United States of America. If need arises, we will definitely cultivate related crops; Jake Tyson® Castor Bean Farms, Inc. is an castor bean (castor oil plant) farm that intend starting small in Pawtucket – Rhode Island, but hope to grow big in order to compete favorably with leading commercial castor bean (castor oil plant) farms in the commercial castor bean (castor oil plant) farming industry both in the United States and on a global stage. If you need a professional and affordable business plan service, StartupTipsDaily’s MBA standard professional business plan writing service is perfect for your small business. If YES, this article gives a sample of a castor farming business plan template & FREE feasibility report. Castor oil and its derivatives have varied applications in the manufacturing of biodegradable plastics, sebacic acid and soaps, making it quite versatile. There are several active breeding programs. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups castor bean (castor oil plant) farms) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. TDB: Can you gives us an idea of the margins involved in the castor oil-trade – from the farm … These are the areas where we intend sourcing for fund for Jake Tyson® Castor Bean Farms, Inc.; N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $350,000 from our bank. Fee: 5,000. We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard castor bean (castor oil plant) farm that will favorably compete with leading commercial castor bean (castor oil plant) farms in the United States of America and in the rest part of the world. For a detailed quote for a complete and comprehensive Castor Biodiesel Business Plan from Farming to fuel, kindly mail to email@example.com or contact : Director Business Development Division, CJP B-132, Sainik Basti, Churu-331001 Tele: +91-9413334600 In view of the above, Jake Tyson® Castor Bean Farms, Inc. have decided to hire qualified and competent hands to occupy the following positions; Castor Bean (Castor Oil Plant) Cultivation Manager/Supervisor, Castor Oil Processing and Packaging Manager/Supervisor, Client Service Executive/Front Desk Officer. Little wonder that the market for castor … Castor bean (castor oil plant) farmers are typically niche farmers, operating on small farm land with no more than a few hundred trees. For example, if the climatic condition is unfavorable and if there are natural disaster in the location where you have your castor bean (castor oil plant) farm, then it will directly affect the harvest of olives and also the prices of your farm produce. We are in this line of business to make profits, and we will ensure that we do all that is allowed by the law of the United States of America to achieve our business goals and objectives. This is because of the importance of starting off well-armed with the basic information that is needed to thrive in this trade. Which is why aside from the fact that we’ve secured the required farming land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to be able to fit into the ideal picture of the 21st century commercial castor bean (castor oil plant) farm and castor oil production plant workforce that we want to build. We want our well – packaged castor oil to flood every nooks and crannies of the United States and other countries of the world. It is no news that castor bean popularity can be said to be associated with the healthy benefits that comes with using castor oil. It is no news that castor bean popularity can be said to be associated with the healthy benefits that comes with using castor oil. Usually a business plan should be reviewed at least once a month to once a year to look at what was written and what changes should be made. Castor is indigenous to the southeastern Mediterranean Basin, Eastern Africa, and india, but is widespread throughout tropical regions (and widely grown elsewhere as an ornamental plant). The future of a business lies in the numbers of loyal customers that they have, the capacity and competence of the employees, their investment strategy and the business structure. We want to build a standard and world – class castor bean (castor oil plant) farm that will leverage on word of mouth advertisement from satisfied clients (both individuals and businesses). Castor seeds can be grown on a wide range of soils which are fairly deep and well drained. in Agriculture Science from University of Rhode Island. To implement these profit and growth objectives in the Castor Beans Farming and Trading Project the company needs: An initial investment (loan) is required to develop and plant castor beans at 1,500 hectares land and serve as working budget. The sales projections are based on information gathered on the field and some workable assumptions as well with respect to the nature of castor bean (castor oil plant) farm that we run. Below is a sample commercial framing business plan that you can find really useful to draft yours. Its seed is the castor bean, which, despite its name, is not a true bean. Customers want to have natural and plant alternatives to medication. Jake Tyson® Castor Bean Farms, Inc. is a family business that is owned by Mr. Jake Tyson and his immediate family members. These are the areas we will concentrate on in our castor bean (castor oil plant) farm. Beef Cattle Farming Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 51 pages) Beef Cattle Farming Business Plan Automated Financial Statements – (Editable Excel File) The business plan can be used in any country and can be easily edited. An individual that wants to start castor oil production business or firm should first consider having a castor oil production business plan. Ecological requirements. Writing a bank and investor ready professional castor farming business plan can be challenging. Solomon O’chucks is a Researcher, Prolific Writer and a UNICEF trained & certified Facilitator and Counselor, A Graduate of Morris Cerullor School of Ministry and He Holds a Degree in Personal Development & Science of Success from IIGL Asheville, NC, USA. Nothing is more critical to a new farm business than a good farm business plan. Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level, Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services, Manages administrative duties assigned by the manager in an effective and timely manner, Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. It can also be a requirement of securing grants and loans for your farm business. Castor oil is a natural emollient and a few drops may also be used to remedy dry skin, as a massage oil, and may benefit hair as a treatment. The Grant Botanical Agriculture farm business will be owned and managed by Mr. and Mrs. Grant. Almost every household consumes or make use of castor oil in different form. Botanical Bounty Executive Summary Opportunity Problem. Jake Tyson® Castor Bean Farms, Inc. is fully aware that there are competitions when it comes to selling commercial farm produce including castor beans (castor oil plants) all over the globe, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States and in other parts of the world. Project Type: Castor beans farming/ contract farming/ trading / extraction plant. They are starting to believe the body is a temple. What is a Third Party Liability Insurance for Skydiving? Another good news is that you can’t get it wrong. Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and companies that rely on castor beans (castor oil plants) and castor oil as their major raw materials. They are the sole financier of the business, but may likely welcome other partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources. Before starting Jake Tyson® Castor Bean Farms, Inc., Jake Tyson has worked with some of the leading commercial farms and castor oil processing plants in the United States of America; he has a degree (B.Sc.) We will be running a standard castor oil processing plant with a capacity to export well – branded and packaged castor oil to other countries of the world. Castor bean farming is done in dry regions under irrigation or through rainfall. We will ensure that we position our business to attract consumers of castor oils not just in the United States of America alone but also other parts of the world which is why we will be exporting some of our farm produce either in raw form or processed form to other countries of the world. Sustainability and Expansion Strategy, Leading producing areas are India (with over three-quarters of the global yield), China and Mozambique, and it is widely grown as a crop in Ethiopia, Encourage the use of Word of mouth marketing. This is a vital plan of action a business creates to penetrate the market and also to maximize profits in the business. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Duck farm business plan includes population control, duck shelter, equipment, feed, disease control. With the current coffee price crisis, the ever-present risk of pests and diseases, and unpredictable weather conditions due to climate change, there’s a lot to consider.. A Sample Commercial Farming Business Plan Template Castor Oil Extraction, Processing and Packaging Plant Manager. The farm cum business will be fully and single handedly financed by Jake Tyson and his immediate family members. An aspiring entrepreneur can either choose to start a castor bean farm on a small scale or on a large scale depending on their financial status. Home » Business Plans » Agriculture Sector ». 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Payment via Point of Sale Machines (POS Machines). It is important to state the part of what affect productivity output in this industry is the fact that castor oil seed farming is vulnerable to unpredictable weather conditions, and the demand for high-quality essential oil in key foreign markets will boost exports. Growing castor bean (castor oil plant) farm, Extracting, processing and packaging castor oil. The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400, The amount needed to acquire / lease a farm land – $50,000, The amount required for preparing the farm land – $70,000, The cost for acquiring the required working tools and equipment / machines / fencing et al – $30,000, The amount required for purchase of the first set of castor bean seedlings et al – $10,000, The amount required to set up a standard castor oil processing plant within the farm facility – 100,000, Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000, The cost of launching an official website – $600, The amount required for payment of workers for a period of 3 months – $100,000, Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000, Generate part of the start – up capital from personal savings and sale of his stocks, Generate part of the start – up capital from friends and other extended family members.
2020 castor farming business plan