BEANS/COWPEA FARMING BUSINESS PLAN IN NIGERIA
Beans/Cowpea Farming Business Plan in Nigeria
This sample Beans/Cowpea Farming Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Beans/Cowpea Farming Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of PATILAD Beans/Cowpea Farming Business Plan in Nigeria
Business: Beans/Cowpea Farming
PATILAD Beans/Cowpea Farm is a budding beans farm with a drive for excellence, quality, innovation and standard practice. We are based in Benue Nigeria, with a 20 hectare land dedicated to beans farming. Beans/cowpea being an everyday staple in the average Nigerian diet, its demand are always at the high side. The large storage capacity needed and labour demand for beans has made it carry a high price margin in the market.
In most parts of Nigeria Cowpea is been processed into other by products such as moin-moin, bean cake, bean soup etc. It contains 20%-25% of protein and 64% carbohydrate and has potential for poverty alleviation and malnutrition amongst the poor; also all parts of cowpea are useful, its vegetative part is good feed for cattle. This shows that all over Nigeria Cowpea is consumed in so many forms, thereby increasing the demand for cowpea.
PATILAD Beans/Cowpea Farm is going to be producing 20metric tonnes of cowpea yearly. The tropic climate that is predominantly hot at the north of the equator results in the viability of the bean seed, together with scientific breakthroughs that guarantees us of improved tough disease resistant beans. As Nigeria’s agriculture minister reports recently that Nigeria has finally broken the wheat jinx, as we now have improved wheat seeds that can withstand high temperatures and thrive in Sub-Sahara African soil.
IITA (2009) noted that there is a big market for the sale of Cowpea grains and fodders in West Africa and in Nigeria farmers who store Cowpea fodder for sale at the peak of the dry season have been found to increase their annual income by 25%. It also serves as income generating avenues for other value chain actors within the cowpea chain. Cowpea ensures returns for both the marketers and producers which in turn aids sustainability of the system. Nigeria must grow a lot more of its own beans and reduce the national, economic and political risks from depending on other nations for our food supply. It’s reported from the agriculturenigeria online hub that Nigeria is the largest producer of Cowpea worldwide, as 58% of worldwide production comes from Nigeria and still the largest consumer of the crop. To supplement our production, substantial amounts of Cowpea come into Nigeria from Cameroon and Niger republic.
Today, we are reviving hope for Nigeria to produce more beans and free itself from decades of dependence on neighbouring countries like Cameroon. Currently it’s reported in the daily trust news about the increasing demand for beans from India, and the prospects are in millions of metric tonnes.
PATILAD Cowpea Farm, which has harvested its first yield of 10 metric tonne and seeking some investment to raise a Silo and processing machine at a cost of N30,000,000 needed for preservation of grains and also processing for the next harvest, which we estimated to be almost twice our first harvest.
We grow different variety of beans eaten in Nigeria
(i) Ife Brown (IRAWO), brown seeded
(ii) Ife Bimpe, Brown seeded,
(iii) IT 84E–124, Brown seeded,
(iv) K-28, Brown seeded
(v) IT 84E–2246-4, Brown seeded.
The benefits of our products and services are
- The cultivation of fresh, nutritional produce, void of harmful chemical like pesticides and preservatives
- All year round availability of our customers’ choicest pure grain beans
- Fresh, highly hygienic and well-packaged pure cowpeas
- The provision of high quality cowpeas and processed beans into bean-flour
- Excellent customer care services
- Fair and competitive prices
Beyond just a science or profession, agriculture is an enterprise I had invested the most of my time as an individual. As a way of practice, I have also devoted the most of my time and resources to managing and expanding my family’s little farmstead into a commercial outfit. These experiences have fortified my knowledge and resilience for this chosen profession and I am sure the lessons of yesteryears will prove of immense value. My first degree in Agriculture from the Obafemi Awolowo University, Ile-Ife, will also be of great benefit to the growth of this new enterprise. Moreover, there is an insatiable online community seeking for reliable, new and updated information every day.
Objective for Patilad Beans/Cowpea Farming Business Plan in Nigeria
- To cultivate, that is demanded and can be cultivated in our climate.
- To establish thriving sales relationship with bulk purchaser who market our products.
- To achieve net profit in year one, increasing in year two, by containing costs and meeting sales goals.
- To provide quality sales service and products at fair and best possible prices.
Our Goal & Vision for the Patilad Bean/Cowpea Farming Business Plan in Nigeria
Our Vision is to become one of the leading commercial cowpea/beans farm involved in cultivating, processing and packing this commodity for the Nigerian and international market.
Mission for the Patilad Beans/Cowpea Farming Business Plan in Nigeria
To be a world class farm that is in business produce cowpeas for both the Nigeria and the international market. We want our well – cultivated, processed and packaged cowpeas to flood every nooks and crannies of Nigeria other countries of the world.
Management Team of the Patilad Wheat Farming Business Plan in Nigeria
OYEBADE Adejumobi Ademola (B. Agric., MBA) – is highly knowledgeable in the all kind of crop production. He has over 7 years’ experience in providing these products. Moreover he is a graduate of Agriculture from the prestigious Obafemi Awolowo University, Ile-Ife. He is a Project Management Professional and certified Business Consultant. He will be in-charge of day to day activities of the business.
Mr Dayo Adetiloye (B. Agric., MBA, and PMP) – He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan Atlantic University (PAU). He is our business development strategist and a strategic partner.
We brought to the business:
- Educational skill and practical experience in Cowpea Farming business.
- Capacity to consistently provide high quality nutritional, and highly hygienically cultivated and processed bean peas.
- All year round availability of our customers’ choicest information products and professional advice.
- Our staff brings operational, marketing and promotional skills to the business.
Management experience gained for the Patilad Bean/Cowpea Farming Business Plan in Nigeria
With over 7 years’ experience in Agribusiness and numerous exposure to both the scientific and practical aspect of organic farm and its uses, I’ve being able to master the technical requirements, financial management, staff recruitment and organization skills among other things necessary to give the firm good commendation from our clients.
My managerial skills has also helped in putting together a workforce for over 5 years, which will also help me to coordinate the team work in most aspect of the company.
I am the CEO of the company overseeing the day to day activities of the business.
Materials and Machine for Patilad Bean/Cowpea Farming Business Plan in Nigeria
Hectares of land, silos for preservation, pruning equipment, seed trays, hoes, combined harvester, temperature meter, packaging nylons, vacuum sealing machine, hand gloves, filters, water treatment devices, tractor for carrying stuffs, drying machine for preservation, Backwash facilities, Outdoor growing areas, manure composting facility, Business office building which includes sales area, reception, office equipment etc.
Competitor Analysis for Patilad Bean/Cowpea Farming Business Plan In Nigeria
People buy from us because of the following reasons:
- High quality, nutritional, and farm certified products
- All year round availability of our customers’ choicest whole bean farm in a large capacity volume
- Fresh and highly hygienic and well-packaged bean
- Excellent customer care services
- Fair and best possible prices and discount offers
Our three major competitive advantages are:
- Provision of high quality, nutritional, safe and farm certified products
- All year round availability of our produce
- Fair and best possible prices and discount offers
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He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan-Atlantic University (PAU). Through his training, mentoring, speaking and coaching programmes, he has empowered many young people over the years to start and grow their own business, build wealth, create multiple streams of income and achieve financial independence.
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