Do you need help starting a cassava plantation? If YES, here is a sample cassava farming business plan template.
Cassava farming has become increasingly important due to the many benefits derived from the crop. We will not dwell on the benefits but seek to help you out with starting a cassava farming business through this cassava farming business plan sample.
If you have struggled in the past to write a plan for your business, then you have come to the right place for help.
For commercial farming, it is done with the sole aim of selling. No matter the scale of your cassava farm, simply follow this plan to understand how to put together an effective plan.
Here is a business plan for starting a cassava production farm.
Achieving success in writing your plan and bringing this to fruition through implementation is the ultimate aim of this article.
CASSAVA FARMING BUSINESS PLAN SAMPLE TEMPLATE
- Executive Summary
Doug Harris Farms is a cassava farm located in the outskirts of Carlson City, Nevada. This area has an ideal climate that supports the cultivation of cassava. We will be making use of the drip irrigation system. We grow cassava on a commercial scale as well as produce cassava flour which is used for a variety of purposes.
Some of the uses for our cassava include ethanol production which is extracted from this crop. Others include the production of animal feed, and for baking too.
Our business is new and we committed to increasing our capacity within the coming years. Top among our goals is the establishment of a cassava processing plant. This is actively being put in place and will be in operation within the first 3 years of commencing business.
- Products and Services
We are primarily involved in the commercial cultivation of cassava using the drip system of irrigation. Within 3 years of take-off, our processing plant is expected to come on board. Apart from the cultivation of cassava, we also provide training and consultancy services to interested farmers.
- Our Vision
We seek to become a major cassava cultivation and processing business. Our vision is not only to have our products grace the shelves of major stores across America, but to also become an exporter of quality finished cassava products.
- Our Mission
At Doug Harris Farms, we are committed to bringing only the best products to our clients. These include ethanol fuel, animal feeds and more. We are building a strong brand that will be known for quality.
Cassava farming is capital intensive. We require a substantial funding to ensure we start on the right footing. We have been able to obtain investment in the form of shares to the tune of $1,000,000.00. An additional $10,000,000.00 will be sourced through loans from a reputable bank.
- SWOT Analysis
We are a business that thrives on the use of the latest farming techniques. However we understand that this alone does not guarantee success. We have sought to find out how exposed we are to risks as well as present opportunities.
We have obtained the following information;
Our cassava farming business is uniquely positioned to take advantage of the immense possibilities available to us. A large chunk of supply of cassava products is imported.
Our business will benefit from favourable policies geared at supporting local production and processing.
Weakness for us comes in the form of funding. Inadequate funding is the main reason we are starting out in phases.
This creates a little delay in response to a huge market available for the taking.
The opportunity available is immense! Cassava is grown mainly in tropical climates. The climatic conditions of Nevada make it a prime location for establishing a cassava farm. We have exploited this opportunity to set a highly efficient cassava farming business.
In spite of the abundant opportunities present, we are also faced with threats. These are in the form of bureaucratic bottlenecks which we may have to endure during business registrations and export of our products. This is not good for business and may lead to losses.
Again, a global financial crisis is a major threat to our operations. We take solace in the truth that this doesn’t happen always, but it does not change the fact that it poses a threat.
- Sales Projections
A greater supply of cassava products come from imports. This presents us with a unique opportunity to capture a fair share of the market. Our 3 year sales projection reveals a significant increase in demand;
- First Financial Year. $6,000,000.00
- Second Financial Year. $15,000,000.00
- Third Financial Year. $35,000,000.00
- Target Market
Cassava is consumed in a variety of forms. It is also used as animal feed. This is in addition to ethanol extracted from this crop. Our target market will include livestock farms, households, energy companies as well as businesses that depend on the cassava value chain for their existence.
- Marketing Strategies
Cassava farming is an agricultural business that impacts multiple sectors of the economy. This makes our reach quite extensive.
To effectively market our business, we will adopt several methods to reach our target market. These include advertising in agricultural magazines and websites, dispatching introductory letters to businesses relying on our products, being a regular attendee at agricultural fairs and exhibitions, as we the adoption of word of mouth marketing.
- Competitive Advantage
Our team of experienced experts make our operations much more efficient. Also we have integrated into our business structure a reward system that encourages productivity.
This cassava farming business plan sample has covered some of the most important sections you should have in your plan. Although highly summarised, your feasibility studies should enable you make sufficient findings which will be added to your plan.