Integrated Vegetable farming business plan
BUSINESS NAME: OSASKATE VENTURE
Types of Business: INTEGRATED FARMING
Products: VEGETABLE FARM
Required Start-up Capital: 12,518,750
Equity – N2,518,750
Loan – N10,000,000
Total – N12,518,000
Vegetable farmers grow a wide variety of vegetables in open fields and in greenhouses. Some vegetable farmers also grow a variety of fruits and other crops.
If you are a close observer of the vegetable farming industry, you will agree that the industry is anticipated to increase due to increasing consumer health consciousness, which has led to increasing demand for fresh produce. While per capita fruit and vegetable consumption has remained stable in recent time, the price of vegetables has increased as consumers demand premium, fresh vegetables.
So also, the number of both small and large farms has been increasing. Small, local farms are benefiting from the organic, local movement, while large, commercial farms are improving labor efficiency. Going forward, players in the vegetable farming industry will continue to increase revenue generation for their business.
The Vegetable Farming industry is indeed a fast growing industry that is pretty much active in all countries of the world. As a matter of fact, The Netherlands has some of the largest greenhouses where vegetables are cultivated in the world. That is the scale of food production in the country so much so that in 2000 alone, greenhouses occupied about 10,526 hectares, or 0.25 percent of the total land area.
The Netherlands has an estimate of 4,000 greenhouse establishments that operate well over 9,000 hectares of greenhouses and employ about 150,000 workers, producing 7.2 billion worth of vegetables, fruit, plants and flowers, some 80% of which are exported.
Statistics has it that in Nigeria alone, there are about 76,459 registered and licensed vegetable farms scattered all across the Akwa Ibom state responsible for employing about 317,590 and the industry rakes in a whooping sum ofN26 billion annually. The industry is projected to enjoy 2.5 percent annual growth.
One thing is certain when it comes to vegetable farming, if you are able to conduct your market research and feasibility studies before choosing a location for cultivating your vegetable, you are likely not going to struggle to grow the vegetable farming business and also sell your vegetables because there are always food processing companies and consumers out there who are ready to buy from you.
Lastly, with vegetable farming it will pay you not to only cultivate vegetable and sell them for consumption in farm markets to retailers and consumers. You can as well start a complimentary business like vegetable processing plant to package your vegetables to save cost. The bottom line is that if you have enough farm land (space) and you are interested in maximizing vegetable farming, you are sure going to make huge profits from the business.
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