How to Write a Rose Farming Business Plan [Sample Template], Writing an Agave Farming Business Plan [Sample Template], Writing a Lucerne Farming Business Plan [Sample Template], Writing a Soybean Farming Business Plan [Sample Template], Writing a Moringa Farming Business Plan [Sample Template], Writing a Cabbage Farming Business Plan [Sample Template], Writing a Raspberry Farming Business Plan [Sample Template], Writing a Strawberry Farming Business Plan [Sample Template], How to Write a Chili Farming Business Plan [Sample Template], Writing a Pineapple Farming Business Plan [Sample Template], 14. It will help you attract investors and source … 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. Oversee the smooth running of the daily farming activities across the various farming sections. Contracts were offered to growers, and limited production developed in the Imperial and San Joaquin Valleys (Zimmerman 1958). Your castor seed farming business plan does not only serve as your guide in the course of your business. 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. Another good news is that you can’t get it wrong. The easier you sell off your harvested castor beans (castor oil plants) the better for your business. These are social, technical and commercial . Another notable trend in this line of business is that more players in the food, fragrance and cosmetics, pharmaceutical and other related production industry are beginning to increase their demand for essential oil as part of their raw materials because of the aromatic nature it adds to their product. In summary, Jake Tyson® Castor Bean Farms, Inc. will adopt the following strategies in marketing our castor bean (castor oil plant) farm produce; Jake Tyson® Castor Bean Farms, Inc. is in the commercial castor beans (castor oil plants) farming business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives. We have formulated A Complete & comprehensive Castor Biodiesel Business plan from farming to fuel consisting following standard sections The seeds from the Ricinus communis Plant contain in excess of 45% oil. Which is why we are committed to only hire the best hands in and around Rhode Island. The bottom line is that if you have enough farming land (space) and you are interested in maximizing commercial castor bean (castor oil plant) farming, you are sure going to make huge profits from the business. Introduce our business by sending introductory letters alongside our brochure to stake holders in the agriculture industry and production companies that rely on supply of castor beans (castor oil plants) and castor oil as raw materials and castor oil processing plants et al. Jake Tyson® Castor Bean Farms, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. In essence we are not going to rely only on the sale of our farm produce to generate income for the business. 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. The soil should be moderately fertile and slightly acidic with a pH 5.0-6.0. The financial statements are automated. Jake Tyson® Castor Bean Farms, Inc. employed the services of an expert HR and Business Analyst with bias in the commercial farming industry to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. Start your own agriculture farm business plan. 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. Take advantage of this opportunity to network and learn with fellow castor farmers in the group and a sure link to realible Castor seed off taker. We are in the castor bean (castor oil plant) farm business because we want to leverage on the vast opportunities available in the commercial farming industry, to contribute our quota in growing the U.S. economy, in national food production, raw materials production for industries, to export agriculture produce from the United States to other countries and over and above to make profit. It is no news that castor bean popularity can be said to be associated with the healthy benefits that comes with using castor oil. A Sample Commercial Farming Business Plan Template We have perfected or sales and marketing strategies and we are set to hit the ground running and we are quite optimistic that we will meet or even surpass our set sales target of generating enough income / profits from the year of operations and build the business from survival to sustainability. Tag: Castor Farming Business Plan. Thabang Mabapa (25) recently won R100,000 ($7,900) in funding from the Old Mutual Foundation to expand his castor oil and biodiesel business. 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.) It is propagated through seeds in soils that are not fertile and in an area with less rainfall. Responsible for preparing financial reports, budgets, and financial statements for the organization, Responsible for overseeing the smooth running of HR and administrative tasks for the organization, Handles all financial transactions for the company, Defining job positions for recruitment and managing interviewing process, Carrying out staff induction for new team members, Responsible for training, evaluation and assessment of employees. Castor oil and its derivatives also find major application in soaps, grease, hydraulic brake fluids and perfumery products as well. 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. As prices increase with increased demand, castor bean (castor oil plant) farmers will begin to experience revenue growth. Jagdish Reddy Writing a bank and investor ready professional Cassava Farming business plan can be challenging. 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. Some of the threats and challenges that we are likely going to face when we start our own castor bean (castor oil plant) farm are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics and flood) – unpredictable weather patterns will continue to dampen demand growth, unfavorable government policies and the arrival of a competitor (a commercial farm that cultivates same crops) as our farms within same location. Our organization’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy. It is a known fact that the target market of those who are the end consumer of castor oil in any form and also those who benefits from the business value chain of commercial castor beans (castor oil plants) farming is all encompassing; it is far – reaching. No doubt, starting a castor bean farming business comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture. Soil Requirement for Castor Cultivation:- Generally, Castor is cultivated in lands which are not suitable for commercial farming. Castor seeds can be grown on a wide range of soils which are fairly deep and well drained. Castor bean farming is known to be a profitable business and over the years, it has evolved from small scale to a global industry in most countries where it’s carried out. 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. We will ensure that we maximize the opportunities available to commercial castor bean (castor oil plant) farmers. So it’s important to prepare as much as you can. Venue: Whatsapp Group. We intend growing our business which is why we have perfected plans to build our brand via every available means. Little wonder that the market for castor … Castor oil can be used as an irritant / simulative laxative. 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. Rather, it is a paper that can be changed as the business grows and as new ideas and new issues arise. The business plan above has used the business name “Grant Botanical Agriculture farm”. With this, we will be able to take advantage of all the available opportunities within the industry. They are starting to believe the body is a temple. The price of castor oil plant is typically the most reliable driver of industry performance. ... 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. 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). Project Type: Castor beans farming/ contract farming/ trading / extraction plant. 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 King of the kingdom of Swaziland. Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business. Castor bean (castor oil plant) farmers are typically niche farmers, operating on small farm land with no more than a few hundred trees. 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. A business plan is a document that helps you to organize and succinctly summarize the vision you have for your business. The Ricinus communis biodiesel meets all the three criteria any environmentally sustainable fuel must meet. Lastly, with commercial castor bean (castor oil plant) farming business, it will pay you not to only cultivate castor bean (castor oil plant) and sell them to production companies who need castor bean (castor oil plant) as raw materials. Responsible for developing and managing financial systems and policies, Ensuring compliance with taxation legislation, Handles all financial transactions for the farm, Responsible for managing the castor bean (castor oil plant) cultivation section of the farm, Supervises other workers within the department, Work closely with the General Manager to achieve the organizations’ goals and objectives, Responsible for managing the castor oil extraction, processing and packaging section of the commercial farm, Identify, prioritize, and reach out to new partners, and business opportunities et al, Identifies development opportunities; follows up on development leads and contacts, Writing winning proposal documents, negotiate fees and rates in line with company policy, Responsible for handling business research, marker surveys and feasibility studies for clients, Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients, Develop, execute and evaluate new plans for expanding increase sales, Document all customer contact and information, Represent the company in strategic meetings, Help increase sales and growth for the farm, Responsible for preparing farm lands for castor bean (castor oil plant) cultivation, Assist in the extraction, processing and packaging of castor oil, Weeding or fertilizer and / or pest control application, Handles farm implements and machines as instructed by the section manager / supervisor, Assist in handling the harvest of castor beans (castor oil plants), Carries out task in line with the stated job description, Assist in transport working tools and equipment from the farm and back to the designated store room, Handles any other duties as assigned by the line manager. 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 your roadmap to start-up, profitability, and growth, and provides the foundation for your conversation with USDA about how our programs can complement your operation. In the mid-1930s, Baker Castor Oil Company began a program to develop domestic production to supply their processing plant in California. The payment policy adopted by Jake Tyson® Castor Bean Farms, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America. This is a vital plan of action a business creates to penetrate the market and also to maximize profits in the business. 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. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Pawtucket – Rhode Island in our payroll. Castor Oil Production Business Plan. Owning a coffee farm is no easy task. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. Castor Seeds are valued mainly for their oil, which is used in pharmaceutical products. Almost every household consumes or make use of castor oil in different form. Jake Tyson® Castor Bean Farms, Inc. is well positioned to become one of the leading castor beans (castor oil plant) farms in the United States of America, which is why we have been able to source for the best hands and farm machineries to run the farm with. An Economic Evaluation of Castor Farming : Ricinus communis: A Potential Viable Biodiesel Feedstock. 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. Duck farm business plan includes population control, duck shelter, equipment, feed, disease control. It can improve your chances of receiving government grants or loans, help you manage your business through hard times, and identify additional forms of revenue like tourism or consulting. Castor can come up well in soils that are not that fertile and soils having less annual rainfall. 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. Below are the sources we intend exploring to generate income for Jake Tyson® Castor Bean Farms, Inc.; We conducted a thorough market survey and feasibility studies and we were able to discover that the sales generated by a commercial farm depends on the size of the farm, the nature of the commercial farm (whether cattle rearing, poultry farming, fish farming and crops cultivation et al). The industry is highly fragmented; no single castor bean (castor oil plant) farmer / farm holds a lion share of the available market share in the industry., it is not enough to allow the company to dominate the industry. If YES, here is a sample castor farming business plan template & FREE feasibility report. Our vision is to become one of the leading commercial castor beans (castor oil plant) farms and castor oil extracting, processing and packing brand not just in the United States of America but also on the global stage. This profile envisages the establishment of a plant for the production of castor oil with a capacity of 1,000 tonnes per annum. A farming business can be more successful if you will develop a farm business plan. 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). Generating Funds/Startup Capital for Jake Tyson® Castor Bean Farms, Inc. Jake Tyson® Castor Bean Farms, Inc. is a family business that will be owned and managed by Thomas Carnegie and his immediate family members. Castor oil and its derivatives have varied applications in the manufacturing of biodegradable plastics, sebacic acid and soaps, making it quite versatile. 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. As a matter of fact, castor oil is gaining more ground as part of the materials used in the production of perfumes, cosmetics, soaps and other products, for flavoring food and drink, and for adding scents to incense and household cleaning products amongst others. If YES, here is a sample castor farming business plan template & FREE feasibility report. See also:Tips to Start Greenhouse Farming Business in Nigeria 10. Our weakness could be that we are a new castor bean (castor oil plant) farm in the United States, and perhaps the fact that we decided to diversify our farming activities could count against us initial. Farming duck involves meat production or egg production based on the farmer’s requirements. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more as determined by the management of the organization. Complete Biz Plan. One thing is certain, the nature of commercial farming makes it possible for farmers to place prices for their farm produces based on their discretion without following the benchmark in the industry. Our commercial castor bean (castor oil plant) farm is a going to be standard commercial castor bean (castor oil plant) farm hence will be involved in both commercial castor bean (castor oil plant) farm cultivation and castor oil extraction, processing and packaging. List our castor bean (castor oil plant) farms on yellow pages ads, Attend related agriculture and food expos, seminars, and business fairs et al, Leverage on the internet to promote our business, Place adverts on both print (newspapers and magazines) and electronic media platforms, Sponsor relevant community based events / programs, Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our business, Install our Bill Boards on strategic locations all around Pawtucket – Rhode Island, Engage in roadshow from time to time in targeted neighborhoods, Distribute our fliers and handbills in target areas, List our castor bean (castor oil plant) farms in local directories / yellow pages. Castor seed is the source of castor oil, which has a wide variety of uses. We are aware of this and from our projection will overcome this weakness with time and turn it to a major advantage for the business. 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. It is very sensitive to high humidity. 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. Fee: 5,000. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Jake Tyson® Castor Bean Farms, Inc.; Our strength as an castor bean (castor oil plant) farm is the fact that we have healthy relationships with loads of major players (agriculture merchants who deal in castor beans (castor oil plants) and other production companies that make use of castor oil as raw material) in the commercial farms industry; both suppliers and buyers within and outside of the United States. Weoffer to prepare and formulate Castor farming business plan covering theAgronomy, Horticulture, Biology, Engineering, Marketing and Financial aspectsof Castor commercialization. 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