BUSINESS PLAN ON

GRASSCUTTER FARMING

BELOVED FARMS LIMITED

NATURE OF BUSINESS: GRASSCUTTER FARMING

LOCATION: IBADAN NAME OF CHIEF PROMOTER:

NYSC

EXECUTIVE SUMMARY Beloved Farms Ltd is an agribusiness enterprise. The farm will be

located in Ibadan. The products of the farm will be fattened Bucks, Breeding stocks,(family), Dressed grasscutter, package fur (for seasoning). The competitors includes University of Ibadan wildlife department, Johnson Grasscutter farm, and Udochukwu farms farms. The major buyer of beloved farms shall be hotels, restaurants, individuals, grasscutter farmers and so on.

Beloved farm product shall be set for patronage by making awareness using online plateforms such as facebook, whatapp, OLX, word of mouth e.t.c.

The Segment of the market targeted by the farm is the high class in the society.

The farm will be running with investment cost of N296600 and a profitability projection of I,443,I60 and 40 families to continue the farming business. This projection is for a period of 30 months

MANAGEMENT Name: Gbolagade Abdullahi Kunle Age and Place of Birth: 27, Ibadan Qualifcation: Bsc., Agric Position Held: CEO/Manager/Staff Work Experience: 2 years poultry

attendant

PRODUCT DESCRIPTION Fattened Bucks Breeding Stock (family) dressed grasscutter Packaged fur (for seasoning)

USES OF THE PRODUCT Supply of grasscutter meat to hotels,

restaurants, individuals, fast food e.t.c. Supply of breeding stock to intending

farmers Advisory and general consultancy Training Grasscutter feed production Execution/ visit by students

CURRENT PRODUCERS, THEIR LOCATION AND CAPACITIES

SN FARMS LOCATION CAPACITIESI University of

Ibadan Wildlife Department

Agbowo, Ibadan

I00 per annum

Ii Johnson Grasscutter farm

Ajibode, Ibadan

80 per annum

Iii Udochuckwu Farms

Wakajaiye, Ibadan

I24 per annum

Competitors right doings Production of fattened buck They have more customers due to

having being in business for long

Customers wrongdoings Unable to meet market demand as at

when due No good customer relation No home delivery No processing

How to win there customer Incorporation of home delivery Displaying high level of customer

relation Processing of fur into seasonings Teeth for ornament Online Marketing Training Consultancy and Excursion

DEMAND OUTLOOK Hotels Eateries New farmer Corporate organization individual

Suppliers Information Existing farmers (for breeding stock) Materials for feed formulation from

local markets.

ACCESSIBILITY AND AVAILABILITY OF SUPPLIERS

The University of Ibadan wildlife department will be consulted for the breeding stock.

Market women selling fruits will as well be consulted for their waste product which will serve as feed for the grasscutter

They are all accessible

FACTORS THAT AFFECT THE PRICING

Weight Age Sex Cost of product Place of delivery Purpose

MY PRICING STRATEGY DIFFERENTIATION: Distinguishing the

products from those of the competitors through home delivery as value addition

MARKET AND MARKETING

Online platform such as facebook, Whatapp, OLX e.t.c.

Sign Post Handbills By word of mouth

SEGMENT OF THE MARKET I AM CATERING

FOR The potential grasscutter rearer The High class in the society Online platform Farms Home deliveryThis is because grasscutter is a relatively

expensive and can be afforded mainly by the high class, it is generally referred to as ‘big man’s meat’

BUSINESS CHALLENGES AND MITIGANTS

CHALLENGES Low supply as a result of few

grasscutter farmers Insufficient medical treatment for

grasscutter diseases MITIGANTS Training of new grasscutter farmer Provision of high quality diet

PROJECT COSTINGFixed Asset

SN ASSET DESCRIPTION VALUE NI Land 6mX6m 5,760 (400,000 per

hectare2 Construction /

Structure2.7mX5.4m 40,000

Total 45,760

Farm implement SN

Particular Quantity Unit Price Total Value

I Insect sprayer (I) 500 500

2 Paint brush (I) I50 I503 Bucket (I) 400 4004 Cutlass (I) 600 6005 Packers (I) I00 I006 Mop (I) 250 2507 Head pan (I) I000 I0008 Feeders and

drinkers (3)(3) 500 I,500

9 Weighing Scale (I) 3,500 3,500

Total 8,200

PRELIMINARY AND PRE-OPERATIVES EXPENSES

SN Particulars Amount (N)I Establishment Expenses 8,2002 Start-up Expenses 25,0003 Miscellaneous 5,000

39,000

WORKING CAPITAL SN

Items Year I (N) Year 2 (N) Year 3 (N)

I Feed Formulation

I2,000 30,000 72,000

2

RAW MATERIAL (ANNUAL REQUIREMENT)

SN Item(s) Quantity Rate (N) Total Value (N)

I Grasscutter family 3 48,000 I44,000

MAN POWER REQUIREMENT

(Salaries and Wages)SN Particulars Amount (N)I Skilled Labour 48,000

TOTAL COST OF THE PROJECT

SN COST SUB-HEAD (N)I Fixed Capital (Fixed Asset + Machinery

and Equipment53,960

2Working Capital (materials+ Utilities+Man power requirement + repair and Maintenance)

204,000

3 Preliminary and Pre-operative Expenses (Farm implement + Start-up Expenses+ Miscellaneous

38,200

Total 296,I60

SALES REVENUESN Month Item(s) Quantity

sold per cycle

Rate per unit (N)

Sales Realization

(N)I Nov ., 20I5 July

20I6----- ----- ----- -----

2 Aug., 20I6 – Jan., 20I7

Fattened Bucks

6 I5000 90,000

3 Feb. 20I7 – July 20I7

I0 families and 8

fattened bucks

58 I0,000 580,000

4 Aug., 20I7 – March 20I8.

20 families and 99

fattened bucks

I99 I0,000 I,990,000

ADDITIONAL COST INCURRED

SN

Assets Description

Quantity

Unit Amou

nt

Total Amount

I Construction of pen

Extension 9 I3,333 I20,0002 I9 I2,632 240,0003 40 I3,000 520,0004 Feed

formulationSecond cycle

I50kg 200 30,000

5 Feed formulation

Third cycle 360kg 200 72,000

6 Staff salary Second cycle

I

20,000 I20,000

7 Third cycle 2 20,000 240,000Total I,342,000

PROFITABILITY PROJECTION FOR 30 MONTHS (4 CYCLE)

SN Particular Amount in first cycle

2nd CYCLE

3rd CYCLE

4th CYCLE

A Sales realization 90,000 580,000 I,999,000B Less cost of

project (Working Capital + Previous Loss)

-296,I60 -206,I60=786,I60

-I342,000=657,000

C Gross Profit I,443,I60

CONCLUSION At the end of this farming project, if

properly managed, it is capable of generating a profit of NI,443,I60, within a period of 30 months and additional 40 families to continue the farming business.

Thank you for listening