sample rice farming business plan in nigeria

• Mon. Aug 5th, 2024

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Rice Farming Business | Processing And Profitability

Rice Farming & Processing Business Plan – One of the most consumed food in Nigeria today is rice, and this is as a matter of fact, so many feasibility study on rice production in Nigeria has confirmed it also.

Rice is one meal that both the rich and the poor can afford, particularly during festive seasons.

While rice is a very nutritious meal, rice farming has become a source of income to many families that are into rice production. And for a fact rice production requires serious planning, that is why a rice farming business plan in Nigeria is one of the things you need before going a head with your rice farming plans.

This rice milling business plan contains all the necessary requirements you need to have in place for your rice farming to become operational. Here is what our Rice farming business table of content looks like;

• Executive Summary
• Introduction
• Business Description
• Products and services
• Competitive Advantage
• Market Research
• Competitor Analysis
• Sales and Marketing Plan
• Operational Plan
• Business Risk
• Management and Structure
• Financial Plan and Projections

One of the most important information included in a rice farming business plan pdf is the financial projections, this is a rough estimate of figures that can help you set up a rice farming enterprise, it can as well pass for a sample of commercial farming business plan.

How Lucrative Is Rice Farming In Nigeria

When it comes to cash commodities in farming, rice remains top of the list chain, then you have yam, cassava and the rest of the cash crops. As stated earlier, rice is one of the most consumed food in Nigeria, in fact there are specific days Nigerians consume rice, and top of this period is during festive seasons such as Christmas, Easter, Salah celebrations.

Outside of this periods, it is almost like a tradition for every Nigerian family to make meal from rice for Sundays even when there are no special celebration. Apart from Garri, rice is the next on the list of most consumed meal in Nigerian households.

Looking at how rice farming has become in recent years in Nigeria, it is without doubt to say that in Nigeria rice farming has become a very lucrative investment that can yield maximum returns with all things being equal. Now this is where a rice business plan in Nigeria can come in handy. This should in no way be overlooked as it gives you a chance on higher returns.

If well cultivated, it can become a high yielding crop for you, starting from the nursery level of planting rice seedlings to the actually planting in itself. What a business plan for rice farming pdf file helps you to achieve includes helping you to outline all that you need and this includes the number of rice seedling you require, the size of land you will need and most especially the number of bags of rice you hope to produce, this should be on your project on rice production per year.

Estimation On Planting And Harvesting

In any type of farming two of the hardest things to do is the planting and then the harvesting, trust me, you don’t want to be the one doing all these, that’s why in your executive summary on rice production, you should add personnel that will help in both the planting and harvesting, truth is not everyone can do this, you’d break down even before you far.

In places like Abakaliki, Ebonyi State, there are laborers who are ready for hire, all you need to do when the time comes is to locate them and then engage them giving them specific instructions.

Farming rice on one Acre of land is capable of producing over 100 bags of rice, depending on the size of bags you use. This should be great news as this is the part of farming that most people are interested in. The fact is this, rice farming and harvesting doesn’t take much time before profits starts rolling in.

It has been estimated that the standard time for both farming and harvesting takes less than five months, minus the rice milling part. Within a space of 5 months you stand a chance of getting profits from your rice farming business.

With an estimated time frame, you can go ahead to apply for loan using your rice farming business plan from the bank, there is the option of grants etc. As a matter of fact, obtaining loans or seeking for fund to kick start your rice farming has been made reasonably easy by the government, since the ban on the importation of rice, government is readily available to assist anyone who wants to go into rice farming.

How To Start A Rice Farming Business / F ormat Of A Rice Business

Rice farming is capital intensive, so also is the profit that comes with it, however, below are some of the information you should include in your rice farming business plan, in fact some of the free rice farming business plan pdf files you download online has some of these information but maybe not well detailed;

• Get a business plan – This is paramount when it comes to starting up a business, every other move you make depends on what you have written in your business plan. A business plan is assumed to carry every information needed to set up a business, the financial projection, the number of workers to employ, the location to set up the business, the equipment to acquire etc. A business plan has to be comprehensive so as to provide all that is required information wise, in the case of rice farming, you need to know the kind of soil where you can plant your seedlings, and most preferable is on a swampy land.
• Raise a capital – We already mentioned the possibility of obtaining loan either from the bank or from any government agencies, as they will be willing to help new rice farmers access loan. This is coming as a result of the ban on the importation of rice in Nigeria. Your business plan could have a start up fund of up to five million Naira (N5,000,000), it could be more or less, however, it all depends on the size of land to be cultivated. Apart from the land needed for cultivation, the rice farmer will also need to build an irrigation channel if need be. We’ve been made to understand that rice can only do well on swampy land, in a situation where the land isn’t swampy, you could build or create an irrigation channel, and this will help you in keep the land watered all year long. These and more requires a whole lot of money which could go into building up a farm.
• Location – This precisely should be a large portion of land; at least an acre should be OK for a start, since you stand a chance of harvesting up 100 bags… All things being equal! Also in respect to getting the best location, it has been advised to use a swampy land for your rice farming. However, there is also a possibility of planting on dry land; however, in situations like this, you get to spend more by providing enough water for the rice farm. The process required is the irrigation system, irrigation is the sure way of planting all year long and getting bountiful harvest. In building a suitable irrigation system, you need to employ professionals who will help you in creating or building one for you.
• Seedlings – In farming one of the most important things you need is your seedling, in this case rice seeds. On the list of importance seeds are as important as the land, this explains why you must make provision for your seedling which you will use for your propagation. It is also important to get the best rice seeds, getting a healthier seed is an added advantage, it is assumed that healthier seeds gives better yield, this is a general farming science where a better and healthier seed has a higher percentage of a better yield. It is also important you research on the type of rice seeds that is being farmed in the area you want to set up your farm, it is also assumed that these seeds responds to the environment except it has been proven to grow where you want to farm it. There are those seeds that have the ability of resisting attacks from pest or even environmental disease. Getting information about rice seedling is possible especially from a company listed under the National Agricultural Seeds Council (NASC), this is one of the functional government agency in the country, they are in charge of all the needed information on rice seeds. Getting the best rice helps you to achieve an improved yield of up to 15%, a possible resistance to pest attacks, a possible 70% growth etc. Also note that your rice seedlings should also accommodate the nursery rice seedling. Normally, there is a period of growing your nursery before you transfer to the main rice plantation. Most people do not know there is the process of growing the nursery and there is also the period when transplanting will take place. Those who stay close to rice plantation have this information. Most farms engage only in farming nursery rice seeds, it is more like a seedbed. It is from the nursery stage that you can determine how well the rice will grow, as stated earlier healthy seeds can go as far as determining the yield at the end of the farming season, this is when the seeds is able to withstand nematodes as well as soil pathogens that can attack your rice farm.

Other Things You Need To Do for You Rice farm

Here are other important things you must do in order to run a successful rice farm; as stated earlier get a business plan on rice farming, this is where you start your journey to rice farming.

Research On The Risk Potentials

True to the fact that every business has its risk factors, so also is rice plantation/farming. Some of the things you have to risk is the selection of your seedling, most times this part of rice farming is done manually in order to ensure the right seedlings are selected. True to the fact, this is an important part of rice farming.

Farm destruction by pest after planting, this is one thing that most farmers are scared of the most, planting and then having pest destroy their hard work, this is a common hazard in farming, farms are mostly attacked by pest and the best way to tackle this is to engage pest control technique, then you have the part where you have to build an irrigation. This cost a lot of money, the risk factor here is that your irrigation could be vandalized.

Another aspect of rice farming is the effective management of the soil where the rice is to be planted, the rice farming business plan you must has acquired should address how you can manage the soil nutrients as well as control on the weeds on the farm. Ensure that at all time you have less weed on the farm, since it has been advised that weeds can kill you crop.

Weed feeds more on the soil nutrients than the crop itself, the reason why it must be removed at all time. A simple application of herbicides frequently can help you to achieve maximum nutrient and protection of weeds. Then you must apply fertilizer when needed, for a better result you must engage professionals who can test the soil for you, this is to know the level of nutrient the soil has.

Rice Business Profitability in Nigeria

Rice farming is arguably one of the most lucrative businesses in Nigeria right now. In business investment, profitability is one of the most important factors especially if you have to repay the loan taken from a bank to set up the farm. Now in business, the bigger the investment the bigger profit, this is actually dependent on proper management of the business, it wouldn’t be a bad investment to go into agriculture especially the current agricultural revolution in Nigeria today, with the ban on rice importation, it has become lucrative to invest in rice farming business.

Employ capable hands that will help in both the planting season and the harvesting season. Also seek for a trust worthy rice milling agent.

Building A Rice Farm Company

You can agree with me that building a complete rice farming business requires a lot, this includes meeting the required financial obligation to the farm, needs such as getting equipment, building irrigation if necessary as well as other essentials.

One of the most important things to imbibe into your business is to ensure that your business has focus. It has already been established that making profit or maximizing profit is the first point of call in investment, since this is known, there are other things that can help you to avoid business failure which in the end helps the business to thrive, especially during difficulties, here we are going to discuss some of this things that will help you business to grow, Below are a few of them;

– Vision – You should at least have a vision for your Rice farming business. What vision for your business does for you is that it helps you to set achievable goals for your business. You could outline in your business plan that your rice farm will be one of the biggest in the country in sat three years time, you also state that in this specific period, that your rice farm produce should be regarded as the best in the country, with the aim of entering different countries in Africa, and then becoming a household name in Africa. The truth is that a vision for your business keeps your mind focused, since you have a time frame, you get to work hard enough to avoid failure. The main aim is surpassing your goal with the aim of setting a higher goal for your business. In essence, outline a workable vision for your company, let it not be too low a vision or too high a vision.

– Mission Statement – A little search around will tell you that any business that wants to be taken serious most times should at least have a mission statement. The investors should be aware of this mission statements, this will give them an insight of how serious you are. In a situation where you want to borrow your start up fund from a financial institution, presenting a business plan that includes a vision and a mission statement gives your request a more serious outlook. Your mission statement could be a one line statement or sentence, most higher institution have one line mission statement, in the case of your farm, it will not be bad to have more than one mission statement, you could have up to five (5) mission statements. Your mission statement should be centered on customer service, provision of quality or the best product, building customer relationship that will last into the future, creating an enabling business environment and most importantly trust.

– Business Objective – Your rice farm business objective should be a kind of summary of your vision and mission statements, however, your objectives should include how you can expand or increase your revenue. How long and how much are you willing to invest in order to achieve your business objectives, say N30,000,000 over a period of 2 years, with an estimated profit margin of about 20 to 25% profit margin, this involves having included the cost of rice production as well as other expenses. How sales will be achieved, relevant methods to apply and also a possible building of your brand through this channels.

These are key to success, having figured out what your visions are for your new rice farm business in Nigeria, follow it up by describing your mission statement and then outline an objective as a summary of what you intend to do.

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How to Start A Rice Farming Business In Nigeria

• Entrepreneurs.ng
• May 10, 2020

Rice farming business is a profitable business to venture into. This is because it is the most consumed staple food in the world, especially in Asia and Africa. Also, rice is the third-highest produce worldwide after sugarcane and maize.

In Nigeria, about 7 million tonnes of rice is consumed in a year. Rice is food to many people in Nigeria and it’s popular in homes, events, and public places. Despite our consumption rate, it’s sad that only a few percents of the rice we consume is produced in Nigeria.

However, there has been an upturn since the closure of land borders for food security purposes by the Nigerian government. Also, the World Bank, Central Bank, and other governmental bodies are beginning to boost the agricultural industry by providing support to smallholder rice farmers in varying degrees.

As a result, the agribusiness narrative is changing and rice farming is becoming more and more profitable for rice farmers.

Do you want to join the league of entrepreneurs who are creating a positive economic impact by embracing rice farming? If your answer is yes, then stay with us as we are about to show you how to start a profitable rice farming business.

Watch the full video on how to start the rice farming business here. Also, subscribe to our channel to get more business ideas and insights.

Rice Farming

Rice farming like other kinds of agricultural business is capital intensive but lucrative. It produces one of the highest yields when compared to other agricultural products. For example, a well-cultivated one hectare of land produces 2-3 tonnes of rice.

The farming process takes about four months between planting and harvesting. You need a large expanse of land, equipment, packaging materials, storage space, labour, transportation, etc. to start your rice farm.

Although rice farming has its challenges besides being capital intensive and demanding a large workforce, it’s still a very lucrative business to venture into by an aspiring entrepreneur.

To start your rice farming business, you need to follow the steps below:

See Also: How To Start Bottled Water Or Pure Water Business In Nigeria

Create A Business Plan

Rice farming requires adequate planning and conducting feasibility study. One of the ways to ensure that you consider every aspect of the business is by drafting a business plan.

The business plan will serve as a guide on the steps to take to make the vision achievable. While preparing your business plan, you will take into account important elements of the business such as location, marketing, funding, etc. The business plan is a breathing document that can be updated at any time as the business grows.

In addition, with a well-written business plan, you can access loans from financial institutions or seek funding from investors .

See Also: How To Start A Cleaning Service Company In Nigeria

Register Your Business

After creating a business plan, the next step is to register your business. In rice farming, aside registering with the Corporate Affairs Commission (CAC), you will need to register with agencies like the National Agency for Food and Drug Administration and Control (NAFDAC), the Rice Farmers Association of Nigeria (RIFAN), e.t.c

The Corporate Affairs Commission is responsible for registering businesses in Nigeria. There are different business structures to choose from and there are different factors that will influence the type of business structure you choose.

You can go directly to the CAC website and register your business or let firms like ReDahlia handle your business registration seamlessly for you. ReDahlia is a solution center for the entrepreneur and is widely known for providing business solutions to business owners.

To get your NAFDAC registration, visit the official website of NAFDAC to start and complete the process.

See Also: How To Start A Poultry Farming Business In Nigeria

Secure Funding

Rice farming is capital intensive as we mentioned and requires huge investment in terms of human resources and finance. If you don’t have enough funds to start this business, you can approach investors or meet with partners who have the same vision as you do.

Also, as part of the Nigerian government’s effort to boost the food supply for her citizens, funding is readily available for agricultural businesses. Therefore, you can access government grants or loans at low-interest rates from commercial or microfinance banks.

Furthermore, there are other benefits and supports asides from money available for agric focused businesses like tech support. To access these opportunities, you need a well-written business plan

If your funding is secured or you have the requisite capital to start this business, you are on your way to becoming a bonafide rice farmer in Nigeria.

Step By Steps Plan On Rice Farming Business

Step 1 – choose a quality seed.

The first essential step to rice production is seed selection. There are different varieties of rice seeds suited for various ecologies such as lowland, upland, deep water, mangrove swamp, etc.

A good rice seed is resistant to disease and yield much grain during harvest.

Therefore, you need to choose a quality seed suitable for the environment it will be grown.

See Also:  How To Start A Wholesale Distribution Business

Step 2 – Choose The Right Land

After choosing the seed to plant, the next is to choose a suitable land area. Rice requires slightly more water to produce than other grains. Therefore, it is advisable to choose lands with water retention capacities, such as swampy (clay), or loamy soil that contains organic matter. 

Rice can be grown in different environments as long as there is water. But, it’s advisable to plant in ecological areas where rice is traditionally grown such as Kebbi, Benue, Ekiti, Jigawa, Ogun, Kaduna, Kano, and other states known for rice production in Nigeria.

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Step 3 – Land Preparation

For rice farming, land preparation needs to be done to put the soil in the best condition for the best yield. It involves plowing and harrowing to till and level the soil.

You can till with a hoe, tractor, or other machinery. This will allow the seeds to be planted at the right depth and help with weed control. Land leveling is also important and should be done as it will help the seedling become more established and reduce erosion.

The land for rice farming is better prepared from November to February when the rainy season is over. As the rainy season approaches, the land would have been ready for planting. However, if your land is in the savannah region, your land preparation can start in February.

See Also: Top Business Opportunities In Lagos And How To Clinch Them

Step 4 – Choose A Planting Method

After the land has been prepared, the next step is to plant the seed. This planting can be done in two ways; direct seeding and use of nursery and subsequently transplanted.

Direct seeding involves dibbing or broadcasting dry seed or pre-germinated seeds by hand or by machine. In rainfed and deep-water ecosystems, dry seed is manually broadcast unto the soil surface and then incorporated either by ploughing or harrowing while the sun is still dry.

While, in irrigated areas, seeds are normally pre-germinated prior to broadcasting.

With direct seeding, weeds can begin to affect the plant at the early stage, but with the use of herbicides, they can be controlled.

When the seedlings are raised in the nursery, they are transferred from seedbed to the wet field. It requires less seed and is an effective method to control weeds. Seedlings can be transplanted by machine or hand and it’s the most popular technique across Asia.

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Step 5 – Water Management

Rice is highly sensitive to water shortages and the process of water maintenance differs from one ecological area to another. Therefore, you need to maintain the water level in the field up to 5cm one week after transplanting until grain matures.

Step 6 – Apply Fertilizer

There are different fertilizers that can be applied at different stages of the growth of the rice. This means you need to apply specific nutrients at different times.

You need to speak to a pedologist to advise you on the right organic fertilizer to use, the right quantity and the right time to use them to ensure you have the best yield.

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Step 7 – Control Weed And Pest

Weed, pests, viruses are enemies to rice plants and can reduce the yield or value of the crop. Climatic factors, improper irrigation, overuse of insecticides, weather condition and high rates of nitrogen fertilizer application exposes rice plant to diseases. So the sooner you begin to treat the plant and fight these elements, the best for you.

Weeds can be managed through hand weeding or herbicides application. Pests like termites, armyworms, insects, nematodes, rodents, birds, pathogens, e.t.c can be managed by using chemical controls.

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Step 8 – Harvest And Thresh

Depending on the seed variety, rice crops can be harvested after about 105 – 150 days of planting, about the time when the plants are already turning yellow/brown. It involves cutting, stacking, handling, threshing, cleaning, and hauling. harvesting can be done manually or mechanically.

Manual harvesting involves cutting the rice crop with sickles and knives, while mechanical harvesting involves using reapers to cut down the rice. Thereafter, you begin to thresh.

Threshing involves separating the paddy grain from the rest of the crop on a mat or tarpaulin. It should be done either immediately or within a day or two after harvesting.

Also, after harvesting, you can plant leguminous crops like beans, chickpeas, lentils, soya e.t.c in the farm, This will serve as organic matters and help to maintain the soil nutrients for another planting season.

See Also: Tips On Delivering A Perfect Business Pitch

Post Production

After threshing, cleaning, and hauling, the next step is to field dry the paddy and then mill.

First, paddy is dried to bring down the moisture content to no more than 30% for milling. You can manually dry paddy by spreading them on a clean concrete floor, mat, or tarpaulin, while they sun dry for 1-3 days manually. After drying, you then mill.

Milling is a crucial step in the post-production of rice. It is done to remove the husk and the bran layers to produce an edible white rice kernel. A good mill can achieve a paddy-to-rice conversion rate of up to 72% but smaller, inefficient mills often struggle to achieve 60%. Also, there should be a minimum number of broken kernels in the conversion process.

If you successfully follow the above process, you will have rice grains ready to be sold. The next step is to package your rice for sale and consumption.

In packaging, ensure to have your logo, farm address, name, and other identification numbers branded on the packaging sacks. It’s expected that during the business plan stage, you already know who your target market is. It’s actually nice to have a ready market; people ready to purchase your rice before starting the planting process.

To market your rice, you can create a website and social media pages where your farming activities can be showcased and orders booked. Also, you can invest in radio, television, and billboard advert to create awareness.

Most importantly, if you produce quality rice, free of weevil and other kinds of ants, people will patronise you willingly and this will reduce your marketing cost and increase your profit.

See Also: How To Acquire New Customers For Your Business And Make Them Stay

Just like every other agricultural business , rice farming is a profitable agribusiness to venture into. Although it can be time-consuming, capital intensive, and require expertise, it is a good business area to invest in especially with its local demand and very high export potential.

Are you currently dealing in rice farming business, and will like to share how you started? OR Are you an aspiring rice farmer in need of guidance? We will like to hear your thoughts in the comments.

We can give your business a global exposure by telling your story Entrepreneurs.ng. Contact us today, lets get started.

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26 thoughts on “how to start a rice farming business in nigeria”.

Am Lubem from Benue State Your article is very informative, my parents are civil servants but love agribusiness , and we do cultivate rice and other cereals . Am a Business Management student and I have passion in the agribusiness. with the article added to the experience I have, I believe I have found my path to contribute to the Nigerian economy

Hello Cletus,

Thank you for writing back to us.

We are rooting for you.

We have program that takes you from idea to starting your business in 30 days.

Click here to access it: Start Your Business in 30 Days.

You can reach us directly on WhatsApp- 08038874148.

I really appreciate this write up because it gave me more motivation to continue with the business as well as widen my knowledge I have been in the system with some experience for more than 5 years in Kwara State, precisely Edu LGA. I have more than 10 hectares and equally have access to up to 30 to 40 hectares or more, However, the high capital intensive nature of rice farming has always being a kind of constraints to me. Any interested person to partner with me is highly welcome. I majorly do dry season to avoid the risk of the yearly flood. The dry season farming is even more capital intensive.

Well done to you Mohammed.

We have a program that will prepare you to launch your business with expert guidance. Learn all about it here – https://www.entrepreneurs.ng/start-your-business-in-30-days/

Please look at all the different ways we can work with you and increase your success here: https://entrepreneurs.ng/services/

And reach out to us on WhatsApp- 08038874148.

A good article, thank you for motivation. We are ready to take part in Agribusiness

Hello Usama,

We are glad you found the content useful.

Please, take a look at all the different ways we can work with you and increase your success here: https://entrepreneurs.ng/services/

How much can I invested in 20bags of rice

Hello Ajayi Kehinde,

Thank you for subscribing to Entrepreneurs.ng. Your question is very valid and you are in luck! You can get the exact cost of running a rice business when you purchase the 35 booming business ideas and a step-by-step guide to starting them. It is complete with cost breakdown and strategy.

https://www.entrepreneurs.ng/the-business-clinic/

Thank you very much,it’s very helpful reading through your article

I’m so glad to read this article because all that I read motivated me. I’m a rice farmer, I’m having issue with loan proposal, I think you can help me out, thank you very much, God will bless you,

Hello Abubakar,

Thank you for reaching out to us.

Please reach us on WhatsApp- 08038874148.

Thank u for this informative write up is very encouraging and is like a stimulus to those of us that may wish to invest in the business of rice farming but what I did not see in the write is the yields in terms of return on investment. Thank you.

Thank you for reading. Please get the comprehensive guide with the cost of starting the business from our shop.

I am very impressed with what I read on this page about rice business, but I mistakenly venture into the business even before I started to find out more knowledge on how to make proper arrangements for rice cultivation in Nigeria,I have got so much experience during the time I am into the farming, I decided not to continue but am now much encouraged when I read the book, please I need your assistance

Hello Muhammad,

We are glad you found the content insightful. Please visit our shop page to get the comprehensive guide to start the rice farming business: https://www.entrepreneurs.ng/shop/

I am from Benue state Nigeria, the truth is that your article is really informative. I am an accountant by qualification, a farmer by profession. Your explanations is similar to the practice I do when am on the farm.

Your book is really informative, But I think this information is not enough to actually venture into rice faming in Nigeria. I live in Malaysia and I have been to a lot of rice farm to get pieces of information, but with the little information i have, I am still not confident enough to go into rice farming in Nigeria. ( Not because it’s capital intensive but because I fear lack of proper management.) To go into rice farming in Nigeria I think your staff’s should be group of people who already have experience on the field and that could be very difficult to find.

Hello Monarch,

Thank you for reaching out to us. We’re glad you found the content insightful.

You’re right, experience is important in starting the rice farming business. We have a comprehensive proposal that has all you need to start the rice farming business and 34 other profitable businesses in Nigeria. Get it here: https://www.entrepreneurs.ng/35-business-ideas/

Good morning please I need help of money for my Rice farming please

Hello Emmanuel,

Thank you for reaching out to us. Please keep tabs on the opportunities section on Entrepreneurs.ng. There, we publish funding opportunities. You can apply for opportunities that you qualify for.

This really helped to motivate me more in thinking about the business … please I have a couple of questions that I need help with:

1: Which machine is more important to acquire when considering this business 2: Do you know where to get the machine and how much it might cost 3: Let’s imagine Lagos was an option of farming where would you suggest

I would be so glad if I could hear back from you.

Hello Yetunde,

Thank you for reaching out to us. We are glad that you found the content insightful. With the content, you can take your first step and start the business. Also, we have a guide coming out soon that’s more in-depth. The guide will have other business ideas too and answer most of your questions. Keep tabs on Entrepreneurs.ng as we will make the announcement as soon as it’s released.

If you will like to consult with us on business strategy, please reserve us by emailing us on [email protected] .

You’re welcome.

Considering this business…..

Hello Jeremiah,

Thank you for reading. Now you have the information to start the business.

Best of luck.

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6 Steps to Start a Rice Farming Business in Nigeria

by Counseal Team

Updated February 15, 2024

Annually, an average of 5. 5 million metric tonnes of rice is consumed in Nigeria. Between 2021 and 2022 this increased to almost 7 million metric tonnes, and it’s expected to keep increasing.

The Big Opportunity for you

According to reports from USDA and the Thai Rice Exporters Association (TREA), Nigeria has produced between 4.4 million metric tonnes to 5 million metric tonnes of rice between 2018 and 2022. This leaves a deficit of  2 million metric tonnes of rice.. According to projections by MSMEs today, the rice consumption deficit will increase by 4% by 2029.

This creates good business opportunities for you,  a local rice producer.

How much does it cost to start this business?

How much can you make per month, what is the minimum required to start this business, what are the best states to start this business, what are the known examples of this business.

• Soil/land type: 
• Weed control: 

Fertilizer:

• Pest control: 

Milling/Processing

Machineries/tools:, transportation:, register your brand, your business plan is a guide, step 4: funding, step 5: planting and harvesting plan, step 6: marketing and sale of your harvest.

• Conclusion 

What is rice and why is it important?

What are the benefits of rice farming in nigeria, what are the challenges of rice farming in nigeria, what are the steps to start a rice farming business in nigeria, what are the best rice varieties for nigeria, how can i improve the productivity and profitability of my rice farm, what are the environmental and social impacts of rice farming and how can i mitigate them, quick takes.

The cost of setting up a rice farm could be as low as N2,000,000 ($1,333) for a hectare of land to as much as 225 million Naira (or 150,000 US Dollars) to successfully set up a rice farm in Nigeria.

This cost includes the expenses of land, equipment, seeds, fertilisers, pesticides, irrigation, and labour.

However, the cost may vary depending on the location, size, and type of your rice farm. 

Rice farming is a lucrative and profitable agribusiness opportunity in Nigeria, as rice is one of the most consumed foods in the country. With proper planning, market analysis, and management, you can start and grow your own rice farming enterprise.

The amount of money you can make per month from rice farming in Nigeria depends on various factors, such as the size of your farm, the type of rice you grow, the quality of your inputs, the market price, and the production costs. 

The average rice yield per hectare in Nigeria is 2.5 to 4 tons. Assuming you sell a bag of rice for N12,000 (or 8 US Dollars), and you have a farm of 10 hectares, you can make between N300,000 (or 200 US Dollars) to N480,000 (or 320 US Dollars) per hectare per month. Therefore, your total monthly income from rice farming would be between N3,000,000 (or 2,000 US Dollars) to N4,800,000 (or 3,200 US Dollars). 

However, this is just an estimate and it does not account for the production costs, such as land, equipment, seeds, fertilisers, pesticides, irrigation, and labour. You will also need to deduct taxes, transportation, storage, and marketing expenses from your income. To get a more accurate figure, you will need to do a detailed rice farming business plan that considers your specific situation and goals.

The minimum cost of starting a rice farming business in Nigeria depends on the scale and type of your farm, as well as the location, equipment, seeds, fertilisers, pesticides, irrigation, and labour costs. 

You will need an estimatedN2,000,000 (or 1,333 US Dollars) to successfully set up a rice farm in Nigeria on a small scale, on about one hectare of land. 

However, these are just estimates and they may vary depending on the market conditions and your specific situation. Therefore, it is advisable to do a detailed rice farming business plan that considers your goals, budget, and resources. 

The best states to start a rice farming business in Nigeria are those that have favourable climatic and soil conditions, adequate water supply, good infrastructure, and access to markets. Based on the web search results some of the best states for rice farming in Nigeria are:

• Kebbi State : The largest rice producing state in Nigeria, with an annual production of over 2 million metric tons. Kebbi State has a suitable climate, fertile land, and abundant water resources for rice cultivation.
• Ebonyi State : The second-largest rice producing state in Nigeria, with an annual production of over 1.5 million metric tons. Ebonyi State has a rich soil, favourable rainfall, and a large market for rice products.
• Benue State : The third-largest rice producing state in Nigeria, with an annual production of over 1.2 million metric tons. Benue State has a tropical climate, a large river basin, and a well-developed rice value chain.
• Kano State : The fourth-largest rice producing state in Nigeria, with an annual production of over 1 million metric tons. Kano State has a semi-arid climate, a large irrigation scheme, and a high demand for rice.

These are some of the best states for rice farming in Nigeria that you can consider for your business. However, you should also do your own research and feasibility study before making a final decision.

Some of the known examples of rice farming businesses in Nigeria are:

• Coscharis Group : A large-scale rice producer that can produce 8 metric tonnes per hectare with its hybrid variety.
• Olam : A global agribusiness company that operates a 10,000-hectare rice farm and a 36,000-metric-tonne rice mill in Nigeria.
• Quarra : A Nigerian company that produces and processes rice, maize, and other crops on over 20,000 hectares of land.
• Dangote : A multinational conglomerate that has invested in rice production and milling in Nigeria, aiming to produce 1 million metric tonnes of rice annually.

These are some of the successful rice farming businesses in Nigeria that you can learn from and emulate.

Let’s see the steps you need to take to make good cash from the Rice farming business in Nigeria.

Step 1: Research and train yourself 

To start, here are the key items you need to know:

Seed: 

In Nigeria, rice seeds are categorized according to where they are planted, i.e., lowland and upland. The  seeds planted on the lowland are Faro 44, Faro 52, and Faro 57. For upland the seed varieties are, Nerica 1, Nerica 2, Nerica 4, Nerica 7, Nerica 8.

You can get these seeds from research institutes such as IITA, seed companies, designated government ministries and accredited Agro dealers.

Soil/land type: 

Rice planting requires specific types of soil, which are  clay, clay-loam or loamy soil. This is because rice loves lots of water, so water holding soil is ideal. 

Weed control: 

Weed controls are applied before and after planting. Research the best herbicides to use for both stages. For instance, most farmers use glyphosate herbicide at the pre-plant stage and quintrione after planting and transplanting.

You need to learn different fertilizers for rice at different stages. This means that rice needs different nutrients for different stages, hence you need a pedologist. They will advise you on what you need at what stage and what quantity to apply.

Pest control: 

There are different ways to control pests. Some of them are integrated pest management (IPM), crop rotation, etc. This is an important aspect of your research that you need to understand so your investment doesn’t go to waste.

To make more money from rice farming, you will need to get involved in rice milling and processing. This involves pre-cleaning, de-husking, de-stoning, polishing, whitening, sifting, grading and packaging your harvested rice.Yes, you will have employed professionals to handle this, but when handling people, you need to know a little of everything, hence a little training in rice milling or processing.

 As much as rice farming/production is labour intensive, there are tools you also cannot do without. So, you need to research them and know what to use them for and how to use them. Some of these tools and machineries for planting and processing are:

• Disc plough
• Mould board plough
• Disc harrow
• Rotavator 
• Comb harrow
• Power tiller
• Rice transplanter
•  Sickle
• Paddy Separator
• Paddy Cleaner
• Rice Huller
• Rice Whitener
• Rice Grader
• Paddy Dehusker
• Rice Destoner
• Rice Cleaning Machine
• Rice Length Grader
• Rice Mill Dryer
• Rice Pulverize
• Mini Rice Mill
• Rice Polisher
• Rice Flour Mill
• Paddy Dryer Plant
• Paddy Parboiling Plant
• Pneumatic Rubber Sheller
• Husk Aspirator
• Rice Plan sifter
• Thickness Grader
• Rice Dehusking Machine
• Rice Bran Centrifugal Separator
• Manual tiller

Step 2: Choose your business base

There are currently 9 states in Nigeria where rice farming  thrives. These 9 states are Kano, Gombe, Niger, Kebbi, Ebonyi, Anambra, Nassarawa, Ogun, and Ekiti. Choose one of these states.

Milling and bagging of rice in one of these states makes it easier to attract other farmers who do not have rice mills, which translates into better profits.

An important factor when choosing your business base is accessibility. 

Your location must be motorable. If transportation isn’t easy,  it will discourage most customers from patronizing you. It will also cost you more money as your transports will be at risk of constant damage. Hence, your location must be motorable.

Step 3: Design a plan and register your business 

The first stage of your registration should be with the Corporate Affairs Commission (CAC). You can book a session with our experts to help with your CAC registration after reading this article.

You are also required to register with the Federal Ministry of Agriculture and rural development as a farmer. This will open you up to any benefits from the Federal government for farmers. Benefits such as grants, loans, free seeds, etc 

Other organizations you need to register with are the National Agency for Food and Drug Administration and control (NAFDAC), the Rice Farmers Association of Nigeria (RIFAN), National Rice Millers Association of Nigeria (NRMAN) and other associations that might be beneficial to your business.

A business plan will help you in ways you might never imagine. The business plan is what an investor, grant organization or a loan institution will ask for before giving you money. It is very  vital that it could determine how good your business might turn out. So, it is imperative that you prepare a professional business plan. 

If you need help with your business plan, one of our experts who will help you design a standard business plan .

There are different channels through which you can fund your rice farming business in Nigeria. Some of these are personal funding, Loans, Grants, crowdfunding, investments. However, whichever channel you choose, you need an understanding of what you need the funds for.

See the table below:

Table 1: Please note that the costs in table 1 are subject to changes. Our experts will help you with the current prices when preparing your business plan.

You have now come to the stage, where the actual work is done. In this stage you are required to plan your pre-plant, planting and post planting stages, as well as harvesting, depending on where your base is.

In the Northern part of Nigeria, rice is planted between mid-May to mid-June while it is planted between March to mid-April in the south. Hence, your planning should align.

Rice can be harvested between 3 to 4 months after planting once the plant changes  from green to brown.

You need a crop expert on your team to handle the planting and harvesting planning and execution.

You only need to sell your harvested rice to milling companies if you have focused on rice farming alone. Though it sounds simple, this also requires some aggressive marketing because you have other farmers to compete with.

If you decide to go bigger by having a rice milling arm to your business, you need a full team to handle this. You need a marketing team that includes graphic designers, brand manager, social media handlers, business development personnel, etc.

In fact, you need a massive brand awareness,  as you are not coming into a new market. According to The Guardian, as of January 2022, there are over 68 rice mills in Nigeria. So, you have all the almost 100 rice mills to compete with. You therefore need to focus on convincing your potential customers that you have a better rice mill through pricing, branding, attractive packaging, promotions, bonanzas, customer focused  visual and audio outreaches, etc.

Conclusion 

Though labour and capital intensive, rice farming in Nigeria is profitable. With the increase in the daily demand and the high export potential , it is a business that can yield a significant investment return. Book an expert consulting session on Counseal to discuss how we can help you start your rice farm.

Frequently Asked Questions

Rice is a cereal grain that belongs to the grass family. It is the staple food for more than half of the world’s population, especially in Asia and Africa. Rice is rich in carbohydrates, protein, vitamins, and minerals. It also provides income and employment for millions of farmers and traders. Rice is important for food security, poverty reduction, and economic development.

Rice farming in Nigeria has many benefits, such as:

• It meets the high demand for rice in the country, which is one of the most consumed food items.
• It reduces the dependence on rice imports, which saves foreign exchange and boosts local production.
• It creates jobs and income for rural and urban populations, especially women and youth.
• It contributes to the national food security and self-sufficiency goals.
• It supports the diversification of the agricultural sector and the economy.

Rice farming in Nigeria also faces some challenges, such as:

• Low productivity and quality due to poor seeds, inputs, practices, and infrastructure.
• High production and marketing costs due to inadequate access to credit, extension, storage, processing, and transportation facilities.
• Inadequate policies and regulations that affect the competitiveness and profitability of rice farmers and processors.
• Environmental and social impacts of rice farming, such as water scarcity, soil erosion, pest and disease outbreaks, greenhouse gas emissions, and land conflicts.

The steps to start a rice farming business in Nigeria are:

• Step 1: Do a feasibility study and a business plan. This will help you assess the market potential, the production requirements, the financial projections, and the risks and opportunities of your rice farming business.
• Step 2: Acquire land and prepare it for rice cultivation. You will need to find a suitable location, size, and type of land for your rice farm. You will also need to clear, plough, harrow, and level the land before planting.
• Step 3: Choose the right variety and quality of rice seeds. You will need to select the best rice variety for your agro-ecological zone, soil type, and market preference. You will also need to buy certified and disease-free seeds from reputable sources.
• Step 4: Plant and manage your rice crop. You will need to follow the best agronomic practices for rice farming, such as proper spacing, fertilisation, irrigation, weeding, pest and disease control, and harvesting.
• Step 5: Process and store your rice. You will need to thresh, dry, mill, polish, grade, and package your rice according to the quality standards and consumer preferences. You will also need to store your rice in a clean, dry, and secure place to prevent losses and spoilage.
• Step 6: Market and sell your rice. You will need to identify and reach your target customers, such as wholesalers, retailers, consumers, or exporters. You will also need to set a competitive price, promote your brand, and deliver your product.

The best rice varieties for Nigeria are those that are adapted to the local climatic and soil conditions, resistant to pests and diseases, high-yielding, and acceptable to the consumers. Some of the popular rice varieties for Nigeria are:

• FARO : A series of improved rice varieties developed by the National Cereals Research Institute (NCRI) in collaboration with the International Rice Research Institute (IRRI). They are suitable for both rainfed and irrigated rice systems, and have high yield potential, good grain quality, and resistance to major pests and diseases.
• NERICA : A series of hybrid rice varieties developed by the Africa Rice Center (AfricaRice) in collaboration with the Japan International Research Center for Agricultural Sciences (JIRCAS). They are a cross between the African and Asian rice species, and have high yield potential, good grain quality, and tolerance to drought, iron toxicity, and African rice gall midge.
• OFADA : A traditional rice variety grown in the southwestern part of Nigeria, especially in Ogun State. It is known for its aromatic flavour, nutritional value, and cultural significance. It is usually grown under rainfed conditions, and has a low yield potential, poor grain quality, and susceptibility to pests and diseases.

You can improve the productivity and profitability of your rice farm by:

• Adopting improved rice varieties and quality seeds that suit your agro-ecological zone, soil type, and market preference.
• Applying the right amount and type of fertilisers, organic manures, and bio-fertilizers to enhance soil fertility and crop nutrition.
• Using efficient and sustainable irrigation methods, such as drip, sprinkler, or alternate wetting and drying (AWD), to optimise water use and reduce water stress.
• Implementing integrated pest and disease management (IPM) strategies, such as crop rotation, intercropping, biological control, and judicious use of pesticides, to minimise crop losses and environmental impacts.
• Adopting mechanisation and labour-saving technologies, such as power tillers, transplanters, harvesters, threshers, dryers, and mills, to reduce drudgery and improve efficiency and quality.
• Adding value to your rice by processing, branding, and packaging it according to the quality standards and consumer preferences.
• Accessing reliable and affordable sources of credit, extension, storage, processing, and transportation facilities to reduce production and marketing costs and increase income.
• Joining or forming cooperatives, associations, or clusters of rice farmers and processors to enhance collective bargaining power, access to inputs and services, and market linkages.

Rice farming has both positive and negative impacts on the environment and society, such as:

• Positive impacts: Rice farming provides food, income, and employment for millions of people, especially in rural areas. Rice farming also supports biodiversity, ecosystem services, and cultural heritage.
• Negative impacts: Rice farming consumes a large amount of water, land, and energy, and contributes to water scarcity, soil erosion, and greenhouse gas emissions. Rice farming also exposes farmers and consumers to health risks from pests, diseases, and pesticides. Rice farming also causes social conflicts over land, water, and labour rights.

You can mitigate the negative impacts of rice farming by:

• Adopting climate-smart and eco-friendly rice farming practices, such as improved varieties, fertilisers, irrigation, pest and disease management, and mechanisation, that reduce water, land, and energy use, and greenhouse gas emissions.
• Adopting organic and fair trade rice farming practices, such as organic manures, bio-fertilizers, bio-pesticides, and biocontrol agents, that enhance soil health, crop nutrition, and product quality, and protect human health and animal welfare.
• Adopting social and ethical rice farming practices, such as respecting land, water, and labour rights, ensuring gender equity and social inclusion, and promoting local knowledge and culture.

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Business Plan

Rice Farming & Processing Business Plan in Nigeria

by BusinessPlan 1 Comment

Rice Farming & Processing Business Plan in Nigeria

This rice farming business plan and feasibility study on rice production in Nigeria is regularly updated and can be used to access bank loans, grants, investors and startup business competitions.

To get your own rice farming & processing business plan in Nigeria, pay N10,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, text your full name, email address and title (Rice farming business plan in Nigeria pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

TABLE OF CONTENT OF RICE FARMING BUSINESS PLAN IN NIGERIA INCLUDES THE FOLLOWING HIGHLIGHTS:

• Introduction
• Executive summary
• Business ownership
• Farm location
• Our mission
• Business Structure
• Market Analysis
• Market Trends
• Target Market
• Competitive Advantage
• Sales & Marketing Strategy
• Sales Forecast
• Payment Options
• Financial Projections & Costing
• Sources of Startup Capital

Rice Farming in Nigeria

The most popular cereal in the world presently is maize while the second is rice. Its botanical name for general rice is oryza sativa though there are many varieties in the world and quite a few of them currently grown in Nigeria. To a Nigerian in this contemporary age, rice is the most common staple food as hardly will a week go by that an household will not have a taste of it. It is used for functions and it is one of the basic staple foods, it like a fast food for students and it is made as a base delicacy for almost all restaurant. People from all walks of life (rich and poor) consume rice. This made rice and its derivatives on a very high and steady demand by the Nigerian general public for profitable and home use.

Read: Rice Farming Business Plan in Nigeria

From last year’s figure, about 3 percent of the total budgetary expenditure was on rice importation. At about 5.5 million tons of rice at about 365 billion naira per year (that about 1 billion per day on the average). Local production has not been able to cater for the increasing demand on rice at about 5 percent per annum, even though this is a bad news for the government due to need for importation but it is a very good news for the agro-preneurs. Agricultural generally usually has a high profit margin as the scale increases, rice is exceptionally high because of its demand.

In Africa, Nigeria is the third largest producer of rice after Egypt and Madagascar and the largest producer in West Africa. Nigeria produce about 60 percent of the total consumed rice in Nigeria. This is the reason for massive importation of rice and currently, Nigeria is the second largest importer of rice in the world. Nigeria is the largest consumer of rice in West Africa. Nigeria major suppliers are Thailand, China and India.

Even though Nigeria grows rice presently, we still have huge potential to grow more since we are growing at about 40% capacity (40 percent of places where rice can be grown is currently used while the remaining 60 is left uncultivated). This does not obstruct the growing elsewhere too because with proper preparation, rice can be grown anywhere in Nigeria, all the 6 geographical zones in Nigeria can be cultivated but care as to be taken since some rice varieties performed better in some regions while others do not. About 2 million hectares of land is current put to use to produce about 3 million tons of rice annually though Nigeria has about 5 million hectares that rice can grow on and by my estimation, it should produce about 8 million tons of rice.

Also Read: Cassava Farming Business Plan in Nigeria

The amount needed for rice production in Nigeria is considerably large because of machines, land and labour cost among others. If government could give grants more to the production of rice locally rather than pour all of the fund into importation of rice, it will not only increase the internal generated fund but it will ensure more rice at cheaper production cost and reduce the capital intensiveness of the business(alleviate the bulk need).

The major cultivating area for rice are Ogun, Sokoto, Ebonyi, Enugu, Anambra, Niger and Kogi. The major rice name produced in Nigeria are UMZA rice from Kano State, Mas Rice Mill from Gombe State, Mama Happy Rice from Niger State, Labana Rice from Kebbi State, Ebonyi rice from Ebonyi state, Anambra rice from Anambra state, Olam rice from Nasarawa state, Ofada rice from Ogun state and Igbemo rice from Ekiti state. The wide varieties of rice in Nigeria are Fadama rice, upland rice, lowland rice, indigenous red grain specie.

Production of rice in Nigeria is not a rigid “follow to the letter” process since there are quite a number of species and the geographical conditions is not the same for all geographical regions. So ill touch the basics need and process and if there is a need for special explanation, I’ll add the exceptional cases where applicable.

The Land: Rice farming require for an easier and cheaper planting coat a moderately flat line. It is to be noted that it is not utterly compulsorily flat since ridges can be made to retain water and manual irrigation can be done but this extra cost. The soil type should be a fertile land with high capacity to retain water like the loamy of loamy-clayey soil. The most suitable are the heavy soils like river valley. You might need to consider getting at least a hectare of land either by purchase or lease. The price of the has a wide range (like government reserve may cost as low as #40,000 per annum but you might need at about #1 million to prepare the land, remove trees , roots and another preparation. It might cost you at about #2 million to get a very suitable land).

An unwilled rice and a wet field where rice is grown is called a Paddy. Paddy fields can be primed as at when dry or wet, based on the time of preparation, soil properties. This will influence the type of farm implements to be used. The field should be plowed a little (during dry season) while before any other thing to en joy the main benefit of ploughing. The field is then harrowed just before the new planting season (before the first rain falls) and the crop is seeded. The land to be used for Transplanted rice is to be prepared as wetland. The land is flooded and then plowed or ridged. To reduce denitrification (removal of nitrogen) bunds is constructed to cover the paddy field with water.

Planting : your planting should not be too early or too late into the raining season. Rain fall should have been regular before you plant at around May or early June. The only exemption to this planting is if the place is an area liable to flood, the planting can be done early. Same thing goes for waterlogged and gall midge attached areas.

Direct seeding is possible in hydromorphic (soil with excess moisture) areas by dibbling or broadcasting. The field is divided into 10 by 10 m or 10 by 5 m plots with bunds construction. Herbicides is applied so to control weed because weed is a major issue if you want a good production. Direct seeding can be done with pre-germinated seeds in wet soils. 20 t0 25 cm by 15 to 20 cm spacing can be used while planting.

Also Recommended: Snail Farming Business Plan in Nigeria

Nursery: nursery is necessary for pregermination and rice you intend to transplant. Nursery is quite different from the usual nursery most farmers are accustomed to. It require you to soak the seeds for one day, then they are spread and incubated by covering with polyethylene bag (poly bag) for 2 days. The seed would have spouted out by then. It require 50 by 100 m space for nursery for 1 hectare of land.

The seedlings are spread on puddled nursery field, excess water is drained for a week. You should ensure that the beds are raised high with proportion to the rainfall amount in your area.in gall midge are, carbofuran 1 kg per hectare is added in nursery bed before uprooting to ensure maximum production.

After the expiration of a total of 3 weeks, the seedlings are ready to be transplanted. They are uprooted and you transplant at the rate of 2 or 3 seedling per hill. If it is an early maturing variety, the planting spacing should be 20 by 15 cm while it is a late maturing variety, it should be 20 by 20 cm. there is usually no need for thinning wince you transplanted but you might need to fill in gaps. This gaps should be filled with the remaining seedlings at about a week after transplant.

One crucial that needs special monitoring when dealing with rice plantation is the management of water content. The water level should be maintained up to 5 cm a week after transplanting until grain ripens. The land must not be scorch or parched in any way. The water is drained a week before harvesting.

Fertilizer application and timing depends on the type of rice that is planted. For improved non- lodging varieties, the first application of fertilizer should be 200 kg per hectare of nitrogen phosphorus potassium in ratio 15:15:15 (NPK 15:15:15 for short). It should be applied thoroughly applied to the puddle in the soul before transplanting is made. A month after transplanting, 100 kg per hectare of urea. The second application (ear initiation application), involves broadcast 100 kg per ha of urea at ear opening.

Tall Logging Indica varieties require a broadcasts application of NPK 15:15:15 fertilizer 2 weeks after transplanting. The second application is a broadcast 100 kg of urea at ear opening.

Controlling the weed is also very crucial because rice is very tender and easily choked by weed. You should weed at least twice but optimally, 3 time during the rice life span. First is hand weed at about 3rd week after transplanting. All the weed should be removed and packed to a secure place either for decomposition or disposal. Second is chemical weed control which is done by draining the water first, then spray the field with herbicide (e.g. Tamarice TMPL, RisaneTMat) at 3 kg per hectare. It should be done 2 or 3 weeks after transplant has been done. It should be done in the atmosphere that allows the weed to take in the herbicide, i.e. when there is no rain or moisture to wash it away. This makes the herbicide effective. You can then re-introduce water to irrigate the field after 3 days. You should hand week again in two weeks.

Pest and disease control should be taken into notice too. Though most rice are disease resistant, blast, grain discoloration and brown spot are common in Nigeria. Application of TMat 1.5 kg Benlate or Dithane TMM-45 at 1kg in 500 liters of water to control grain discoloration, last and brown spot. The two main pest are birds and insect. Among the insect pests are stem borers and rice bugs. Stem borers eat the stem of rice stalk thereby killing the rice, you can control them with Gamalin 20. For rice bugs, Decis TMat is used so that they cease to suck sap after rice flowering.

To control birds during grain filling, it can be done with the use of scare crows and human scaring the birds away.

Harvesting is done by harvesting long straws close to the ground for lowland rice. Upland rice require other operations. Rice that is harvested close to the grounds permits the use of hand for threshing. You should expect a harvest of about 5 tons per hectare.

Post planting: dry the paddy to about 14 percent moisture content by sun drying for 2 to 3 days. The drying should be gradual and done slowly with great care so to reduce breakage during milling. It could be spread on tarpaulin or on dedicated concrete floor. Mechanical drier could be employed too.

Rice is stored in a cool dry place free of pest like insects or rodents. Paddy would be free of infestation but if infested, fumigation with Phostoxin could be used. Storage is essential because you will need to store your rice before, during and after processing before you sell in market. And good storage unit will ensure that you did not rush off to sell your rice.

Processing: this involve parboiling the rice by soaking first in 70 degrees hot water for about 6 hours. Empty grains will float so you can discard these grains, then parboil by steaming soaked paddy in a jute bug of 10 min. when the husk begin to split open, stop the process. To end the process, mill a pure variety (one variety a time) and it should be done in two stage milling machine.

Few of the advantages of rice farming in Nigeria is the high demand, high return on investment (2 to 3 years full pay back), high yield at about (80 to 100%) and quick maturity. Among the challenges you probably face are funding because it require huge capital, too much importation of rice and this importation reduce the viability and tend to reduce the price of rice and general pest and diseases infestation. It will require between 5 million for a medium commercial rice farming that can plant and process. To succeed, you will need a business plan, capital, land, compactible rice variety, hulling mill and other machinery and storage.

Get your Rice Farming Business Plan in Nigeria today.To order the business plan, pay N10, 000 to:

BANK NAME: GUARANTY TRUST BANK (GTB)

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 0044056891

After payment, send your full name, email address and topic (i.e. Rice Farming Business Plan in Nigeria pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Rice Farming & Processing Business Plan in Nigeria © www.businessplan.com.ng

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I am a peivate achor rice farmer. I need urgently a business plan and cash flow projection for five years for large scale cultivation of over 300 hectares and additional intend of 5000 outgrowers to feed a biomas rice processing plant that i will need a loan of 5ml dollars for. The intent is to raise money with a talking business plan Name of compay is : Daralkuchi Eco Farms & Foods ltd The niche intended as brand is ” Akapa Organic Premiun quality Rice” Pls reply urgently

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BUSINESS PLAN ON COMMERCIAL RICE FARM

Rice Farm is a growing business that is based in Nigeria which is involved in the cultivation and production of rice to the Nigeria populace in ensuring food security and reducing hunger in the country. We have in possession a secure and suitable hectare of farmland to start our commercial cultivation and production of rice. Since, we want to compete with the best industry in the country, aside from securing a farmland, we are planning to purchase farming equipment and machines to enhance production. We are going to hire some key employees who are going to undergo training so as to fit into the ideal picture of the 21 st century commercial farming and rice processing and packaging workforce we want to build to enhance employability in the country, Nigeria. We are in the commercial rice farming business because we want to leverage on the vast opportunities created by the border closure by the Federal Government of Nigeria, to contribute our quota in growing the Nigeria economy, improve national food security, provide raw materials for industries and above all to make profit. In ensuring we achieve our aim, we need a capital of #5,000,000 for the purchase of equipment, payment of salaries, transportation and other logistics activities. The future projection for the sales revenue is to make #2,000,000. The projection increases at a geometric progression putting all factors into consideration.

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Business Plan Hub

Rice Farming Business Plan in Nigeria

December 24, 2019 by admin 15 Comments

Rice Farming Business Plan in Nigeria – Rice Farming And Processing Business Plan in Nigeria.  It was discovered that the amount of people in Nigeria that are going into agriculture are very low, but agriculture is among the largest and lucrative sector in the country. Agriculture is very ecclesial to the world because no country can survive without agricultural production. it has been seen as one of the means economies can be increase. We all know that food is basic need to humans and in Nigeria rice is one of the most important foods and some Asia countries like South Korea China North Korea Indonesia they all value rice.

In Nigeria rice is the third most popular crop consumption every family in the country cannot stay a week without eating rice, and in every event in the country rice is always in the Menu, The most time in the country that rice is consumed the most is during festive period rice is highly demanded. After making some research report shown that there are families in Nigeria that cannot live without eating rice in a week. People who make a discussion to go into Rice Farming/ Processing Business has made a valuable decision because the commodity is for anyone both rich and poor, this has made the demand not seasonal.

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This Business Plan has been recently been updated and with it, it can be use for application of loans, win investors, get grant, and it can be use for competition

RICE FARMING AND PROCESSING BUSINESS PLAN IN NIGERIA LATEST EDITION. Place an order, by paying N10,000 to

Account Name – Oliver Uwadia

Account No – 3094192129

After you made payment sms your name, your e-mail address and payment details to 08107015636 and you’ll receive your the Rice Farming and Processing Business Plan In your email address.

Anyone who decide to go into Rice production he has given themselves a very lucrative way to make profit as long as they know the rules on how it is done. Report from Nigeria federal government states that Nigerian consume about five to six (5-6) million tons of rice yearly. With this search report shown the important of rice and because of this the Local production of rice is unable to satisfy the increase demand of rice. so the federal Government has been importing about 1.8million tons of rice yearly.

Some Factors to Consider Before Going Into Rice Farming

When To Plant Rice

Many people have there different say on Rice planting and production and they all are accurate. Rice planting is best planted at mid March to mid April. After the planting of rice it will only take 4 months before harvest. When rice changes its color from green to brown you should know that it is now ready for harvest.

Rice farming is different from other farm products, when you decide to go into rice farming you should know that rice requires swampy land that have lot of water. Although rice can grow in any kind of land but it has been proven that it grows best in a swampy land. That’s why when ever an individual who want to go into rice farming always take their time to carry out some serious irrigation before they start planting rice.

Before an individual who decide to go into rice farming should know that the most important things is the Rice Seed. Before you go into Rice production i would advise you to select very healthy rice seed. Seed that has the ability to grow well the moment the seed has been planted. That’s why it is not advisable to do a random selection of rice seed because it can lend to a very poor harvest and low returns.

Hauling Mill

Like we said above rice can take up to four months before it can be ready for harvest. o it is very important that you are ready for the harvest after four months, so by preparing you should or you will need to get hauling mill that will be use to separate the rice from the haul. This process requires the separation of rice from the haul and blowing the haul away.

This process is required in rice farming before you pack the rice for distribution

Sun and Dry the Rice

Sunlight is very important to rice production because before hauling farmers need to sun and dry the rice in other to make it easy for hauling to take place. This is an easy stage to rice production, the process required just placing the rice directly under the sun and allows it to dry. This process take the period of 3-4 days.

This step requires putting the rice in a bag or any packing means the individual chooses to use. But any means they choose for packaging it is advisable that it contain office address, phone number, name of company of the business. With this it becomes easy for customers to reach you and it makes your product unique.

No knowledge is waste so at this point you are advice to attend rice production seminars/workshop; this will help you grow your business and increase you production.

RICE FARMING AND PROCESSING BUSINESS PLAN IN NIGERIA TABLE OF CONTENT

• EXECUTIVE SUMMARY
• BUSINESS OVERVIEW
• THE BUSINESS OPPORTUNITY
• THE COMPETITION
• THE MARKETING STRATEGY
• THE MANAGEMENT TEAM
• 1 THE BUSINESS
• 1.2 VISION STATEMENT
• 1.3 MISSION STATEMENT
• 1.4 VALUES AND PRINCIPLES
• 2.0 EXTERNAL ENVIRONMENT ANALYSIS
• 2.1 POLITICAL
• 2.2 ECONOMIC
• 2.4 TECHNOLOGICAL
• 2.5 LEGISLATIVE
• 2.6 ENVIRONMENTAL
• 3.0 INDUSTRY ANALYSIS
• 3.1 OVERVIEW
• 3.2 MAJOR PLAYERS IN THE INDUSTRY
• 3.3 BARRIERS TO ENTRY
• 3.4 KEY SUCCESS FACTORS
• 4.0 MARKET ANALYSIS
• 4.1 MARKET SEGMENTS
• 4.1.1 INDIVIDUALS
• 4.1.2 BUSINESSES
• 4.2 NEEDS AND PREFERENCES
• 4.2.1 INDIVIDUALS
• 4.2.2 BUSINESSES
• 4.3 TARGET MARKET
• 5. COMPETITION ANALYSIS
• 5.1 DIRECT COMPETITION
• 5.1.1 ABC CAR WASH SERVICES
• 5.1.1.1 ADVANTAGES
• 5.1.1.2 DISADVANTAGES
• 5.2 INDIRECT COMPETITION
• 6. INTERNAL ENVIRONMENT ANALYSIS
• 7. SWOT ANALYSIS
• 7.1 STRENGTHS
• 7.2 WEAKNESSES
• 7.3 OPPORTUNITIES
• 7.4 THREATS
• 7.5 ACTIONS TO BE TAKEN
• 8. BUSINESS STRATEGY
• 8.1 LONG TERM STRATEGIES
• 8.2 MEDIUM TERM STRATEGIES
• 8.3 SHORT TERM STRATEGIES
• 8.4 FUNCTIONAL STRATEGIES
• 8.4.1 FINANCIAL STRATEGIES
• 8.4.2 MARKETING STRATEGIES
• 8.4.3 OPERATIONAL STRATEGIES
• 8.4.4 LEARNING AND DEVELOPMENT STRATEGIES
• 9.0 MARKETING PLAN AND STRATEGY
• 9.1 MARKETING AVENUES FOR THE CAR WASH BUSINESS
• 9.1.1 ADVERTISING AND PROMOTION
• 9.1.2 DIRECT MAILING
• 9.1.3 NEWS LETTERS\
• 9.1.4 MAJOR BILLBOARD/ SIGNAGE
• 9.1.5 DIRECTORY LISTINGS
• 9.1.6 BUSINESS WEBSITE
• 9.1.7 OTHER MARKETING AVENUES
• 9.2 PRICING
• 9.2.1 EXTERIOR CLEANING
• 9.2.2 INTERIOR CLEANING
• 10. HUMAN RESOURCE PLAN
• 10.1 ORGANIZATIONAL STRUCTURE
• 10.2 ROLES AND RESPONSIBILITIES
• 10.2.1 GENERAL MANAGER
• 10.2.2 FINANCE AND ADMINISTRATION OFFICER
• 10.2.3 SALES AND MARKETING OFFICER
• 10.2.4 CLEANING SUPERVISOR (EXTERIOR CLEANING)
• 10.2.5 CLEANING SUPERVISOR (INTERIOR CLEANING)
• 11. TECHNICAL AND OPERATIONAL PLAN
• 11.1 LAYOUT OF THE BUSINESS PREMISES
• 11.2.1 MANAGEMENT INFORMATION SYSTEM
• 11.2.2 ACCOUNTING SYSTEM
• 11.2.3 PERFORMANCE MANAGEMENT SYSTEM
• 11.3 INTERNAL CONTROLS
• 11.3.1 RECEIPTS
• 11.3.2 PAYMENTS
• 11.3.3 REVENUE RECEIVED
• 12. MONITORING AND EVALUATION PLAN
• 13. FINANCIAL PLAN AND STRATEGY
• 13.1 ASSUMPTIONS
• 13.2 CAPITAL EXPENDITURE
• 13.3 AVERAGE MONTHLY COST – CLEANING MATERIAL AND CHEMICALS
• 13.4 AVERAGE MONTHLY OPERATING EXPENDITURE
• 13.5 CASH FLOW FORECAST
• 13.6 INCOME STATEMENT FORECAST
• 13.7 BALANCE SHEET FORECAST
• 13.8 RATIO ANALYSIS
• 13.9 BREAK EVEN ANALYSIS
• 13.10 SENSITIVITY ANALYSIS
• 14. RISKS AND ISSUES
• 15. ACTION PLAN

Get A Rice Farming Business Plan

For a business to success it need a plan that’s why it is very important for a business should have a business plan, so it is very imperative for you to carry out a business plan in other to consider factors such as;

Capital: How much do I need to start this business. The capital for starting rice business is very expensive, it runs to millions of naira but loans can be gotten from government. You consider getting loans if you don’t have it.

Clients: Starting a business is one thing getting customers is another thing so in a business plan you should know where you can find customers. Although customers are everywhere of business but how to get them on your side matters.

Site/location: The Business plan will direct you on where you can locate your farm, it will help you answers such question how do I starts?.

Type Of Rice To Produce

In Nigeria we have seen every state has started going into rice farming because they know the important of it and they have chosen the right type of rice depending on their land, and also their climate weather conditions. Example of such states and their different rice type:

Ebonyi State: Ebonyi rice

Kano State: UMZA rice

Ogun State: Prada rice

Niger State: Mama happy rice

Anambra State: Anambra rice

Ekiti State: Igbemo rice

Edo State: Ekpoma Rice

Distributors

Goals for the year

Innovations

This Rice Farming And Processing Business Plan In Nigeria has been recently updated and can be used to access loans from Banks, write proposal and apply for grant. Expect has complied this business plan after a thorough feasibility study on Rice farming business in Nigeria.

Account Name- Oliver Uwadia

Account No- 3094192129

After payment is made sms your name, your e-mail address and payment details to 08107015636 and you will receive your soft copy in your email 

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Rice Farming Business Plan

In Nigeria rice farming is a highly lucrative business venture which requires little training and has a very high crop yield as a farm size of one acre can produce up to 100 bags of rice during harvest. Sales of rice is at high demand as it is the most consumed staple food in many countries including China, Indonesia, Thailand and Nigeria.

Rice is undoubtedly the most consumed staple meal in the world. It is also the oldest known food that is consumed worldwide as it dates as far back as 5,000 BC. This extraordinary demand for the cash crop makes it highly lucrative for any farmer in Nigeria, Africa, or around the world to venture into, especially as it is also one of the most lucrative farming businesses in Nigeria. Its high demand has attracted a large number of investors from different sectors into the business of rice farming and processing; and with different varieties to choose from, investors have taken advantage of the crop grow their investment.

Utibe Rice Farm is a world class and registered commercial rice farm that will be based in the outskirt of Lagos, Nigeria. We have done our detailed market research and feasibility studies and we were able to secure a well-situated and suitable farm land to start our commercial rice farming business.

Our commercial rice farming business is a going to be standard commercial rice farm hence will be involved in commercial rice cultivation, processing and packaging of rice. We will be involved in organic commercial rice farming.

Apart from processing our own rice, we will partner with other farmers that do not have processing facilities to process their rice. 

The Company will create a rice farm (using modern technology) located in Papalanto area of Ogun State. Its initial capacity will be 10,000 bags of rice and will be harvested 5months after planting and in future the company will also move into non-organic commercial rice farming and processing.

Table of Content

Table of Content3

1.0 Executive Summary5

1.1 Objectives6

1.2 Mission6

1.3 Keys to Success7

2.0 Company Summary7

2.1 Company Ownership7

2.2 Location and facilities7

2.3 Start-up Summary8

Table: Start-up Funding8

3.0 Products9

3.1 Competitive Comparison9

3.2 Future Products9

4.0 Market Analysis Summary9

4.1 Target Market Segment Strategy10

4.2 Market Segmentation10

4.3 Industry Analysis11

4.3.1 Barriers to Entry11

4.3.2 Competition and Buying Patterns11

4.3.3 Main Competitors11

4.4 SWOT Analysis12

4.4.1 Strengths12

4.4.2 Weaknesses12

4.4.3 Opportunities12

4.4.4 Threats12

5.0 Strategy and Implementation Summary13

5.1 Value Proposition13

5.2 Competitive Edge13

5.3 Marketing Strategy13

5.4 Sales Strategy13

5.4.1 Sales Forecast14

Table: Sales Forecast14

6.0 Management Summary15

6.1 Organizational Structure15

6.2 Management Team15

6.3 Personnel Plan16

7.0 Financial Plan16

7.1 Breakeven Analysis16

7.2 Projected Profit and Loss17

Projected Cash flow Statement – Year two19

Projected Cashflow Statement -  Year Three20

7.4 Projected Balance Sheet21

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How To Start A Lucrative Rice Farming Business In Nigeria Or Africa: The Complete Guide

Rice is one of the most important food crops in the world, and it plays a crucial role in the food security of many countries, particularly in Africa. Rice is a staple food in many African countries, including Nigeria, which is the largest producer of rice in West Africa. Rice farming in Nigeria and Africa has been an important source of income for smallholder farmers, and it provides a significant contribution to the economy. According to the Food and Agricultural Organization (FAO), rice production in Nigeria has increased from 4.8 million metric tons in 2011 to 5.8 million metric tons in 2019.

Rice farming has a great potential for exportation in Nigeria and Africa, as the global demand for rice continues to rise. Nigeria is capable of exporting rice, particularly to countries like Benin Republic, Niger Republic, Cameroon, and Ghana. The Central Bank of Nigeria (CBN) has also been supporting the rice farming industry by providing financial assistance to local farmers through its Anchor Borrowers Program.

However, despite the potential benefits of rice farming in Nigeria and Africa, there are still many challenges that farmers face. These include inadequate infrastructure, limited access to credit, and high production costs. In this regard, it is essential to explore ways to support the growth of the rice farming industry in Nigeria and Africa.

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What Is Rice?

Rice is a cereal grain that is the most widely consumed staple food for a large part of the world’s population. Scientifically known as Oryza sativa, it is a major crop in Nigeria and Africa. Rice is a rich source of carbohydrates, vitamins, and minerals, making it an important part of a balanced diet.

What Is Rice Farming In Nigeria and Africa About?

Rice farming is a form of agricultural cultivation that involves the production of rice, a widely consumed staple food that is the primary source of nutrition for millions of people in Nigeria, Africa, and around the world. Rice farming involves the growing of rice crops, which can be done using different farming techniques such as upland, lowland, and flood-prone areas.

Rice farming plays a significant role in the agricultural sector of many African countries, including Nigeria, and contributes to food security and economic development. It is a labor-intensive and time-consuming process that requires expertise and specialized knowledge. Rice farming is vital for feeding the ever-increasing population in Nigeria and Africa, and it presents several business opportunities, including exportation.

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Benefits of Rice Farming In Nigeria  and Africa

• Food security: Rice is a staple food in many countries in Africa and Nigeria, and rice farming helps ensure food security by providing a consistent and reliable supply of rice for local consumption.
• Economic development: Rice farming provides an important source of income for farmers, as well as creating jobs in the processing and distribution of rice.
• Poverty reduction: Rice farming can help reduce poverty by providing income for farmers and supporting local communities.
• Soil conservation: Rice farming practices such as crop rotation, cover cropping and conservation tillage can help protect and improve soil health and fertility.
• Water conservation: Rice can be grown using rainwater or irrigation, and many rice farmers in Nigeria and Africa use efficient water management practices to conserve water and reduce their environmental impact.
• Diversification: Rice farming can help diversify a farm’s income streams, reducing reliance on a single crop or source of income.
• Improved nutrition: Rice is a good source of carbohydrates, vitamins and minerals, and promoting rice consumption can help improve nutrition and health outcomes in local communities.
• Technology adoption: Rice farming requires the use of modern technology and equipment, and as a result, can help promote the adoption of new farming technologies and practices.
• Export opportunities: Nigeria is one of the largest rice importers in the world, and rice farmers in Nigeria and Africa have the opportunity to export their rice to meet global demand.
• Climate change mitigation: Rice farming can play a role in mitigating climate change by sequestering carbon in soils and using sustainable production practices that reduce greenhouse gas emissions.

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Health Benefits of Rice

• Promotes Energy Production: Rice is an excellent source of carbohydrates, which are the primary source of energy for the body.
• Supports Digestion: Rice is a good source of fiber, which supports healthy digestion by promoting regular bowel movements and preventing constipation.
• Provides Essential Vitamins: Rice contains essential vitamins, including thiamin, niacin, and vitamin B6, which help to maintain a healthy nervous system, skin, and blood cells.
• Maintains Bone Health: Rice is a source of essential nutrients, including calcium, magnesium, and manganese, which are essential for maintaining healthy bones.
• Helps Manage Blood Sugar Levels: The complex carbohydrates found in rice are slowly digested, leading to a gradual and steady release of glucose into the bloodstream, helping to manage blood sugar levels.
• Supports Heart Health: Rice contains low levels of fat, sodium, and cholesterol, making it a heart-healthy food.
• Boosts Immune System: Rice contains essential nutrients, including vitamin C and zinc, which are known to support the immune system.
• Reduces Risk of Chronic Diseases: Research suggests that regular consumption of whole grains, including brown rice, may help reduce the risk of chronic diseases, such as diabetes, heart disease, and certain cancers.
• Aids Weight Loss: Rice is low in fat and high in fiber, making it a filling food that can aid weight loss efforts.
• Improves Skin Health: Rice contains essential vitamins and minerals, including vitamin E and zinc, which support healthy skin.
• Provides Antioxidants: Rice is a source of antioxidants, including phenolic compounds, which can help to protect against oxidative stress and inflammation.
• Reduces Inflammation: The fiber and phytonutrients found in rice have been shown to have anti-inflammatory effects, reducing the risk of chronic diseases.
• Boosts Brain Function: Rice contains essential vitamins and minerals, including magnesium and vitamin B6, which are important for maintaining healthy brain function.
• Promotes Muscle Growth: Rice is a good source of protein, which is essential for muscle growth and repair.
• Provides Sustained Energy: The complex carbohydrates found in rice provide sustained energy, making it an ideal food for athletes and active individuals.

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Business opportunities in rice farming in nigeria and africa.

• Rice processing: Rice processing involves converting paddy rice into edible rice. With a significant amount of rice being produced in Nigeria and Africa, there is a need for more processing companies to process the rice for consumption and export.
• Rice milling: Rice milling involves the removal of the outer layers of the rice grain, making it more marketable and easier to cook. There is a great opportunity for entrepreneurs to invest in rice mills, which will help to add value to the product.
• Rice packaging and distribution: Rice packaging and distribution is another business opportunity in the rice farming industry. Entrepreneurs can invest in packaging and distributing rice to various markets, including supermarkets, restaurants, and other retailers.
• Rice exportation: There is a huge demand for rice in other countries, especially in the Middle East, Europe, and America. Entrepreneurs can take advantage of this by exporting locally produced rice to these markets.
• Rice farming equipment sales and leasing: Farmers require equipment for farming, including tractors, harvesters, and threshers. Entrepreneurs can make money by providing these equipment for sale or lease.
• Fertilizer production and sales: Fertilizers are an essential component of rice farming. Entrepreneurs can set up fertilizer production companies, providing farmers with quality fertilizers for their rice farming operations.
• Irrigation systems installation: Adequate water supply is crucial for rice farming. Entrepreneurs can set up irrigation system installation companies that will install irrigation systems for rice farmers.
• Rice storage facilities: Adequate storage facilities are essential for preserving rice after harvest. Entrepreneurs can set up rice storage facilities, where farmers can store their rice products safely.
• Rice seed production and sales: Quality seedlings are required for rice farming. Entrepreneurs can set up companies that produce and sell high-quality rice seedlings to farmers.
• Agrochemical sales: Agrochemicals, such as herbicides and insecticides, are necessary for rice farming. Entrepreneurs can invest in agrochemical production and sales, providing farmers with quality agrochemicals for their rice farming operations.

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Facts About Rice Farming In Nigeria and Africa

• Rice is the third most consumed food in the world, and a staple food in many African countries, including Nigeria.
• Nigeria is the largest producer of rice in West Africa, with an estimated production of 8 million metric tons in 2020.
• The majority of rice farms in Nigeria are smallholder farms, with an average size of less than one hectare.
• Rice farming is an important source of income for many smallholder farmers in Nigeria and Africa.
• The rice value chain in Nigeria and Africa is dominated by women, who are involved in activities such as seedling production, planting, harvesting, and processing.
• The adoption of improved rice varieties, modern production techniques, and mechanization is critical to the success of rice farming in Nigeria and Africa.
• The rice industry in Nigeria and Africa is characterized by a lack of infrastructure, including roads, storage facilities, and processing plants.
• Rice production in Nigeria and Africa is hampered by pests and diseases, including blast, bacterial leaf blight, and stem borers.
• Mechanization of rice farming in Nigeria and Africa is crucial to increasing productivity and reducing post-harvest losses.
• The availability of credit and access to markets are significant challenges for smallholder rice farmers in Nigeria and Africa.
• There is a significant market for high-quality rice in Nigeria and Africa, particularly for parboiled and milled rice.
• Nigeria and Africa have the potential to export rice to other African countries and the world at large, particularly to countries with high demand for rice.
• Rice farming has the potential to create jobs in rural areas, particularly for young people.
• Rice farming can help to reduce poverty and improve food security in Nigeria and Africa.
• The government and other stakeholders need to support rice farmers in Nigeria and Africa with policies, infrastructure, and investments to boost the sector.

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Types Of Rice Farming Businesses In Nigeria and Africa

Rice farming is one of the main agricultural activities in Nigeria and Africa. It is an essential source of income for farmers and a staple food for many people across the continent. There are several types of rice farming businesses in Nigeria and Africa. Here are some of the most common ones:

• Traditional rice farming: This type of farming involves manual labor, and farmers use basic tools like hoes and cutlasses to cultivate their crops. It is common in rural areas and is often subsistence farming.
• Mechanized rice farming: This type of farming involves the use of machinery, such as tractors, to plow, plant, and harvest crops. It is more efficient than traditional farming and is common in commercial rice farming.
• Irrigated rice farming: This type of farming involves the use of irrigation systems to supply water to crops. It is suitable for areas with low rainfall and is often used in commercial farming.
• Upland rice farming: This type of farming is done on hillsides and uplands, where rainfall is sufficient for crop growth. It is common in areas where the topography is not suitable for irrigated rice farming.
• Lowland rice farming: This type of farming is done in areas with low elevation and high water tables. It is suitable for the cultivation of rice crops because the fields can be flooded with water, which is essential for rice cultivation.
• Organic rice farming: This type of farming involves the use of organic practices to cultivate rice crops without the use of synthetic fertilizers and pesticides. It is becoming more popular among consumers who prefer organic products.
• Contract rice farming: This type of farming involves a contractual agreement between a farmer and a buyer, usually a rice processing company. The farmer grows the crop and sells it to the buyer at an agreed-upon price.
• Rice milling: This type of business involves processing raw rice into polished rice that is ready for consumption. It is an essential part of the rice value chain and provides opportunities for entrepreneurs to add value to their rice products.
• Rice distribution: This type of business involves the transportation and distribution of rice products to wholesalers and retailers. It requires logistics and supply chain management skills.
• Rice export: This type of business involves exporting rice products to other countries. Nigeria and Africa have a significant export market for rice, and this presents an opportunity for rice farmers and processors to expand their business beyond the domestic market.

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Types Of Rice Used For Rice Farming In Nigeria and Africa

Rice is a cereal grain that is a staple food in many countries, including Nigeria and Africa. There are several types of rice that can be used for rice farming in these regions, including:

• Upland Rice: This type of rice is grown in areas with high altitudes or steep slopes, and it does not require flooding.
• Lowland Rice: This type of rice is grown in areas with low altitudes or flat terrain, and it requires flooding.
• Glutinous Rice: This type of rice is also known as sticky rice and is often used in desserts or as a binding agent in sushi.
• Basmati Rice: This type of rice is known for its distinct aroma and long, slender grains. It is often used in Indian and Middle Eastern cuisine.
• Jasmine Rice: This type of rice is known for its fragrant aroma and soft, sticky texture. It is often used in Southeast Asian cuisine.
• Wild Rice: This type of rice is not actually rice, but a type of grass. It has a nutty flavor and is often mixed with other types of rice or used in salads.
• Parboiled Rice: This type of rice is partially boiled in the husk, which makes it easier to process and more nutritious.
• Brown Rice: This type of rice is the whole grain, with only the outermost layer (the hull) removed. It is more nutritious than white rice but takes longer to cook.
• White Rice: This type of rice is the most common and has had the outer layers (the bran and germ) removed. It cooks faster than brown rice but is less nutritious.
• Arborio Rice: This type of rice is short-grain and often used in Italian dishes like risotto. It is high in starch and absorbs flavor well.

Understanding the different types of rice can help farmers make informed decisions about which varieties to plant based on factors such as climate, soil type, and market demand.

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The Planting & Harvesting Seasons For Rice In Nigeria and Africa

The planting and harvesting season for rice varies depending on the region and the type of rice being cultivated. In Nigeria, rice cultivation is divided into two main seasons: the dry season and the wet season. The dry season runs from November to April, while the wet season runs from May to October. The planting of rice in the dry season is usually done in January or February, while planting in the wet season starts in May or June. The harvest season for dry-season rice starts in April or May, while for wet-season rice, it starts in October.

In other parts of Africa, the planting and harvesting season for rice varies. For example, in East Africa, rice is usually planted between September and November and harvested between February and April. In West Africa, rice is usually planted between April and July and harvested between September and December. The timing of planting and harvesting also depends on the availability of water for irrigation, as rice is a water-intensive crop.

How To Start Rice Farming In Nigeria: Step-By-Step Guide

Starting a rice farming business in Nigeria and Africa can be a lucrative venture, especially since rice is a staple food in many households. Here are some steps to guide you:

• Conduct market research: Before starting your rice farming business, it’s important to understand the market demand for rice, the competition, and pricing.
• Choose a suitable location: Rice can be grown in different soil types, but it requires a lot of water. Hence, a location with access to a water source is ideal.
• Prepare the land: Rice thrives in well-drained soil. The land should be tilled, leveled, and ridged to facilitate water control.
• Select suitable rice varieties: There are different varieties of rice, and the best one for your farm depends on your location, soil type, and market demand.
• Prepare seedlings: Rice is grown from seedlings that are transplanted to the field. Seedlings can be raised in a nursery bed or a seedbed.
• Plant the seedlings: The seedlings are transplanted to the field when they are about 21 days old. The field should be flooded with water to a depth of about 5-10 cm before planting.
• Apply fertilizers: Rice requires fertilizers to grow well. Organic manure or inorganic fertilizers can be used.
• Control pests and diseases: Rice is susceptible to pests and diseases, and timely control measures are important to prevent yield losses.
• Harvest the rice: Rice is harvested when it’s matured, typically about 120-150 days after planting. The rice is usually harvested by cutting the stem and threshed to separate the grain from the husk.
• Market the rice: After harvest, the rice can be sold in the local or international market, depending on the quantity and quality of the rice produced. The rice can also be processed into different products such as rice flour, rice bran, or parboiled rice.

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How To Plant, Grow & Harvest Rice In Nigeria or Africa

• Choose the right variety: Select a rice variety that is suitable for your region’s climatic conditions and soil type. Some varieties can tolerate drought while others are more resistant to pests and diseases.
• Prepare the land: The land for rice cultivation should be properly tilled and leveled to ensure even water distribution. The ideal soil type is clay loam, which is rich in organic matter and has good water holding capacity.
• Irrigation: Rice requires a lot of water for growth, so you will need to have a reliable irrigation system in place. This can be either a gravity-fed system or a pump-based system, depending on the topography of your land.
• Planting: Rice can be planted using either direct seeding or transplanting methods. Direct seeding involves broadcasting the seeds onto the prepared land, while transplanting involves planting seedlings that have been raised in a nursery.
• Fertilization: Rice requires a lot of nutrients to grow, so you will need to apply fertilizer at regular intervals throughout the growing season. This can be either organic or inorganic fertilizer.
• Pest and disease control: Rice is vulnerable to a variety of pests and diseases, so it is important to monitor your crops regularly and apply appropriate control measures as necessary.
• Weed control: Weeds can compete with rice for nutrients and water, so it is important to control them by using herbicides or manual weeding.
• Harvesting: Rice is ready for harvesting when the grains have turned golden and the stalks are dry. You can either harvest manually or by using machines.
• Drying: After harvesting, the rice needs to be dried to reduce its moisture content. This can be done by spreading the rice in the sun or using mechanical dryers.
• Threshing: Threshing involves separating the rice grains from the stalks. This can be done manually or by using machines.
• Winnowing: Winnowing is the process of separating the rice grains from the chaff. This can be done by using a winnowing basket or a machine.
• Storage: Proper storage is essential to prevent damage to the rice grains. The grains should be stored in a clean, dry, and well-ventilated area.
• Continuous learning: Rice farming is a complex process that requires continuous learning and improvement. Stay updated on the latest techniques, technologies, and best practices to maximize your yields and profits.
• Collaboration: Collaborate with other rice farmers, extension agents, and researchers to share knowledge and resources and to address common challenges.

How To Process & Package Rice In Nigeria or Africa

Processing and packaging rice is an important step in adding value to the product and making it more attractive to potential buyers. Here is a step-by-step guide on how to process and package rice in Nigeria and Africa:

• Cleaning and Sorting: The first step in processing rice is to clean and sort it to remove any foreign materials, stones, or other debris. This can be done using a combination of machines such as a grain cleaner, a destoner, and a magnetic separator.
• Parboiling: Parboiling is the process of partially cooking the rice in hot water. This helps to remove the husk and make it easier to mill. The parboiled rice is then dried using a dryer or a solar dryer.
• Milling: Milling is the process of removing the outer layer of the rice to produce white rice. This can be done using a rice milling machine. The machine removes the bran and germ, leaving only the starchy endosperm.
• Grading and Sorting: The rice is then graded and sorted according to size, shape, and quality. This can be done using a rice grader and a color sorter.
• Packaging: The final step in processing rice is packaging. Rice can be packaged in various sizes ranging from 1kg to 50kg. The packaging can be done using a bagging machine or manually using a weighing scale and a sealing machine.

In addition to the above steps, it is important to ensure that the processing equipment is regularly maintained to prevent breakdowns and ensure that the rice is of good quality.

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Types Of Equipment & Tools Used In The Rice Farming Business In Nigeria or Africa

Processing and packaging rice in Nigeria and Africa requires certain equipment. Here are some of the equipment needed:

• Rice milling machine: This is used to remove the husk and polish the rice grains. There are different types of milling machines, such as the single-pass and multipass machines. The single-pass machine removes the husk and bran in one pass, while the multipass machine removes them in several passes.
• Destoner: This equipment is used to remove stones and other debris from the rice before it goes through the milling process. It works by using vibration to separate the heavier stones from the rice.
• Rice polisher: After milling, the rice may still have some bran left on it. A rice polisher is used to remove the remaining bran and give the rice a polished look.
• Weighing and bagging machines: These machines are used to weigh and pack the rice into bags of different sizes. They can be manual or automatic, and they come in different capacities.
• Heat sealer: This is used to seal the bags of rice after they have been filled. It works by using heat to melt the plastic and create a seal.
• Storage silos: These are used to store the processed rice before it is transported to the market. They come in different sizes and capacities, depending on the scale of the operation

Target Market For The Rice Farming Business In Nigeria or Africa

• Local Consumers: The largest market for rice in Nigeria and Africa is the local consumers. Rice is a staple food in many African countries and is consumed daily by millions of people. The demand for rice is high, and it is expected to continue to grow as the population increases. Nigeria is one of the largest consumers of rice in Africa, and it imports a significant amount to meet the local demand.
• Industrial Use: Rice is also used in various industrial processes, including beer brewing, starch production, and pharmaceuticals. These industries require large quantities of rice, and this provides an opportunity for rice farmers and processors to expand their market.
• Export Market: There is a significant demand for African rice in other parts of the world, particularly in Europe and North America. The demand for African rice is driven by the belief that it is of higher quality and is more nutritious than rice produced in other regions. There is also a growing demand for organic rice, and this provides an opportunity for rice farmers to expand their market.
• Government Procurement: The government is a significant buyer of rice in Nigeria and other African countries. The government often procures rice to support food security programs and to stabilize prices. This provides an opportunity for rice farmers and processors to access a stable market.

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How To Sell or Market Rice Products In Nigeria or Africa

Here are 10 ways to sell or market rice farming products in Nigeria and Africa:

• Export: Rice farming produces one of the most traded crops globally, and there are export opportunities in various countries. You can export the rice to countries with high demands such as the US, UK, and other African countries.
• Marketplaces: You can sell your rice products in local marketplaces or larger trading centers. Farmers can sell directly to consumers, retailers, wholesalers, and other intermediaries.
• E-commerce: Another way to market your rice products is by leveraging online marketplaces like Jumia, Konga, and other e-commerce sites. With an increasing number of people shopping online, this is an excellent opportunity for small-scale farmers to reach a wider market.
• Distributors: There are distributors in various parts of Nigeria and Africa that you can work with to get your rice to the right people. Distributors buy the rice from farmers and sell them to wholesalers and retailers in different parts of the country or continent.
• Supermarkets: There are various supermarket chains in Nigeria and Africa where you can market your rice products. Supermarkets offer a broad customer base, and it is an excellent place to sell rice in bulk.
• Export Promotion Councils: You can also partner with export promotion councils in your region to access information about export opportunities and get assistance with the export process.
• Partnerships: You can form partnerships with local hotels, restaurants, and caterers to supply them with rice. You can market your rice products to chefs who need them for various dishes.
• Food processing companies: You can sell your rice products to food processing companies in Nigeria and Africa that use rice as their main ingredient.
• Direct marketing: You can market your rice products directly to consumers by creating your brand, packaging your rice products, and creating a direct marketing campaign to attract customers.
• Cooperatives: Farmers can also work together to form cooperatives to sell their rice products. Cooperatives are a group of farmers who pool their resources to sell their products to buyers. By pooling resources, they can access larger markets and earn better prices.

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Challenges Of Rice Farming In Nigeria and Africa

Here are some of the challenges faced in rice farming in Nigeria and Africa:

• Inadequate infrastructure: Poor roads and other transport networks make it difficult to move products from the farms to the markets.
• Lack of mechanization: Many farmers in Nigeria and Africa still rely on manual labor for planting, weeding, and harvesting. The use of modern machinery is limited due to its high cost.
• Limited access to credit: Farmers in Nigeria and Africa often struggle to obtain financing to support their operations, which limits their ability to expand or improve their farms.
• Pests and diseases: Rice farming is susceptible to pests and diseases, which can cause significant crop losses and decrease yields.
• Limited access to water: Rice farming requires a significant amount of water, but access to water is limited in many parts of Nigeria and Africa.
• Climate change: Erratic weather patterns such as droughts and floods, caused by climate change, pose a significant threat to rice farming.
• Soil degradation: Overuse of farmland, use of chemical fertilizers, and monocropping have led to soil degradation, which can limit crop growth and yield.
• High cost of inputs: The cost of fertilizers, pesticides, and other inputs needed for rice farming is often high and unaffordable for small-scale farmers.
• Lack of research and development: There is limited research and development in rice farming in Nigeria and Africa, which can limit the growth of the sector.
• Poor post-harvest handling: The poor post-harvest handling of rice leads to a significant amount of wastage, which reduces profitability for farmers.

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To Sum It Up

In conclusion, rice farming is a critical agricultural sector in Nigeria and Africa, contributing significantly to the economy and food security. The production, processing, and marketing of rice offer tremendous opportunities for smallholder farmers, entrepreneurs, investors, and governments to generate income, create jobs, and improve livelihoods.

The benefits of rice farming include improved food security, increased income for farmers, reduced poverty, and the creation of employment opportunities along the value chain. Additionally, rice farming offers enormous export opportunities for countries that can meet the quality standards and demand of the international market. However, there are several challenges associated with rice farming, including high cost of production, inadequate infrastructure, lack of access to finance, and low productivity. To overcome these challenges, stakeholders must work together to provide necessary infrastructure, credit facilities, and technical assistance to farmers.

In summary, the potentials of rice farming are enormous, and it is crucial for governments and the private sector to invest in the sector to realize its full potentials in terms of economic development and food security.

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Professional Business Plan Writing Service Writing a bank and investor ready professional RICE farming business plan can be challenging. If you need a professional and affordable business plan service, STARTUPTIPSDAILY’S MBA STANDARD PROFESSIONAL BUSINESS PLAN WRITING SERVICE  is perfect for your business. All you have to do is request an understanding of your proposed business model, and you’d have a professional MBA standard business plan ready for you in anywhere from 5 to 14 days.  YOU CAN CLICK HERE TO GET STARTED WITH USING STARTUPTIPSDAILY’S PROFESSIONAL BUSINESS PLAN WRITING SERVICE TO CREATE THE PERFECT BUSINESS PLAN THAT’D GET ACCEPTED ANYWHERE.

What are your thoughts on how to start rice farming in Nigeria, Africa, or any other part of the world? Let me know by leaving a comment below.

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16 Comments

Am interested. I like the piece. And is quite helpful. If only I had the capital, would love to get into it.

Hi Nwabueze,

You should consider applying for finance from the Bank of Agriculture or competing in business plan competitions like the AYEEN

Thank you for the comment.

Like how much can I start with?

Like how much can I start with? Any idea?

Anywhere from 500,000 Naira and above to ensure you make some profits.

Which is the best specie of rice to plant?

Hi Emmanuel,

To know the best rice species, I’d advise you contact the National Rice Millers Association of Nigeria (NRMAN).

Thank you for asking.

Hello, Just got back from the 11lac Africa business summit in Rosario, Argentina and would like to setup a commercial Maize farm in Nigerian and have identified my market but would like to know size of land I should be looking for

Hi Marshall,

I’d advise you reach out to the Rice Farmers Association of Nigeria (RIFAN) for advice on this.

Marshall for commercial maize farming you may be needing anything from 10 hectares and above. you should also do your enquires before you venture into maize cultivation, the news everywhere is that OLAM group has flooded the country with imported cheap maize grains thereby forcing the market price of maize down to N50k/tonne from N150k/tonne.

Hello Sophia, I want to venture into maize and rice farming, but I need someone with experience for monitoring and supervision. Can you recommend? You can reach me on 08104077753(text preferably)

i want sale Rice

Iam delighted with the post it is quite helpful. If i have the capital i will expand the small scale i have. Though i applied with bank of agriculture up till now I have not received, can you show me other way-out? Thanks

With the coalition of Lagos state and Kebbi state in the production of rice in Nigeria, the rice farming industry has really boom increasing the local production to a huge ton. Thanks for putting up this tips to start a successful rice farming.

I am a peasant rice farmer, i want to expand my scope but my greatest challenge is land, any idea on how i can get land for the farming operation, thanks for anticipated response

Olam is not into maize farming rather rice cos i work there.thanks.

Comments are closed.

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Mr. Dayo, you are doing a brilliant job and with some guidance and instruction I am encouraged to venture in the same direction. I called your numbers already…expecting to hear from you ASAP . Thank you. Happy new year

I am interested in business plan

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Download Rice Cultivation Business Plan with 3 Years Financial Analysis

Are you searching for a downloadable rice cultivation business plan in Nigeria? Do you want to start rice planting and processing business but you don’t have an idea on how the rice farming business plan template will look like?

This post is for you.

Do you want to secure a loan for NIRSAL, BOA, BOI, grant or make future forecast figures? Then you need a rice farming business plan in Nigeria to do that?

RICE CULTIVATION PROCESS STEP BY STEP

• Land Preparation: Select a fertile land with good water retention capacity. Clear the land of weeds, rocks, and debris, and plow the field to a depth of about 15-20cm. Level the field and create irrigation channels.
• Seed Selection and Preparation: Choose high-quality rice seeds that are adapted to your region and resistant to common diseases and pests. Soak the seeds in water for 24 hours, and then spread them out to dry for a day or two before planting.
• Planting: Rice can be planted by broadcasting, drilling, or transplanting. Broadcasting involves scattering the seeds uniformly across the field, while drilling involves planting the seeds in rows. Transplanting involves planting seedlings that have been raised in a nursery. The recommended planting density for rice is about 50-60 kg of seeds per hectare.
• Irrigation: Rice requires a lot of water to grow well, especially during the vegetative and reproductive stages. Provide irrigation or flood the field with water to keep the soil moist. Ensure that the water level is about 2-3cm above the soil surface during the vegetative stage, and about 5-6cm during the reproductive stage.
• Fertilization: Rice requires adequate fertilization to grow well. Apply nitrogen-rich fertilizers like urea, phosphorus-rich fertilizers like single superphosphate, and potassium-rich fertilizers like muriate of potash. Apply fertilizers at the time of planting and again after 3-4 weeks.
• Weed Control: Rice fields should be kept free of weeds that can compete with the rice for nutrients, light, and water. Use manual or mechanical weeding or apply herbicides like glyphosate to control weeds.
• Pest and Disease Management: Rice is susceptible to pests and diseases such as stem borers, rice blast, and bacterial leaf blight. Monitor the plants regularly and take appropriate measures such as applying organic pesticides like neem oil or using biocontrol agents like Bacillus thuringiensis to control pests and diseases.
• Harvesting: Rice is ready for harvest after about 4-6 months. Look for signs of maturity such as yellowing and bending of the stalks, and grains that are no longer milky. Harvest the rice using sickles or combine harvesters. After harvesting, dry the rice in the sun or using mechanical dryers to reduce the moisture content to about 14%.
• Processing: Remove the husk from the dried rice using a rice huller or by pounding it manually. The processed rice can be milled to remove the bran and polished to obtain white rice.
• Marketing: Once processed, the rice can be sold to local markets, supermarkets, or exported. Identify buyers who offer the best prices for your rice and negotiate a fair price.

By following these steps, you can successfully cultivate rice in Nigeria and maximize your profits. Good luck

COST OF RICE FARMING IN NIGERIA

• Land preparation: Land preparation is the first step in rice farming. The cost of land preparation varies depending on the size of the farm and the method used. On average, land preparation can cost between ₦50,000 to ₦150,000 per hectare.
• Seed selection and preparation: The cost of rice seeds also varies depending on the variety and quality. On average, rice seeds can cost between ₦10,000 to ₦50,000 per hectare. Seed preparation, including soaking and drying, can cost around ₦5,000 per hectare.
• Planting: The cost of planting depends on the method used. Broadcasting and drilling are cheaper than transplanting. On average, planting can cost between ₦20,000 to ₦40,000 per hectare.
• Irrigation: Rice requires a lot of water to grow. The cost of irrigation depends on the source of water and the method used. Irrigation can cost between ₦30,000 to ₦100,000 per hectare.
• Fertilization: Fertilizers are essential for rice farming. The cost of fertilization depends on the type and quantity of fertilizers used. On average, fertilization can cost between ₦50,000 to ₦150,000 per hectare.
• Weed control: Weeds can reduce rice yield significantly. The cost of weed control depends on the method used. Manual weeding is cheaper than using herbicides. On average, weed control can cost between ₦30,000 to ₦50,000 per hectare.
• Pest and disease management: Pests and diseases can also reduce rice yield. The cost of pest and disease management depends on the type of pests and diseases present. On average, pest and disease management can cost between ₦30,000 to ₦50,000 per hectare.
• Harvesting: Harvesting can be done manually or using combine harvesters. Manual harvesting is cheaper, but combine harvesters can save time and labor costs. On average, harvesting can cost between ₦50,000 to ₦100,000 per hectare.
• Processing: The cost of processing depends on the method used. Manual processing is cheaper, but mechanical processing can save time and labor costs. On average, processing can cost between ₦20,000 to ₦50,000 per hectare.
• Marketing: The cost of marketing depends on the location of the farm and the market demand. On average, marketing can cost between ₦20,000 to ₦50,000 per hectare.

In conclusion, the cost of rice farming in Nigeria can vary depending on several factors, including the size of the farm, the method used, and the inputs required. On average, the cost of rice farming per hectare can range from ₦275,000 to ₦665,000. However, with proper planning and management, rice farming can be profitable in Nigeria.

SAMPLE RICE FARMING BUSINESS PLAN

1.0. Industry Overview

It is well-known that rice farming is an important factor in any economy. The capital-intensive produce requires a large land rental rate average. The annual growth of rice has increased to about eight per cent. This is due to diet changes, increase in population and urbanization. Rice has become the most common staple food in Nigerian homes.

Yearly, about 7.8 million tonnes of rice is consumed by Nigerian s. Out of which about 5 million tonnes are produced by local farmers for personal consumption. In recent times, over N4 Billion Naira is spent yearly on importing the remaining 3.8 million tonnes of rice because of the high demand for rice that local production cannot meet. These facts have put Nigeria as the world’s largest importer of rice, proving that there is not just a great demand and opportunity for entrepreneurs and businesses in the rice business but also a ready market.

The never-ending opportunities in the rice business will encourage the youths of the business prospects in farming, processing, sales, and distribution of rice. Rice mills can also be constructed – rice processing equipment is business in the rice industry.

2.0. Executive Summary

Frannies Farm Enterprise is known for crop and animal farming, processing, and supply. Situated at Iseyin, Oyo State, our market research and projections have aided in procuring suitable farmland for our large scale commercial rice farming.

Our well sought-out large-scale rice farming will accommodate commercial rice cultivation, processing, and packaging. With a standard that can be looked up to, we would provide both organic and non-organic commercial rice farming.

Processes that have been tested are in place to facilitate the processing and packaging of rice within the first four years, this will then be supplied to the Nigerian market. To ensure that we do not run out of rice to compete in the market, we have purchased 10 acres of ideal farming land. We would get appropriate farming equipment and experience hire that would help build the vision that we have – to portray the perfect picture of 21st-century commercial rice farming, processing and packaging organization.

Investing in commercial rice farming for us is a way to contribute our quota into the ever-growing Nigeria economy as well as the latch on the vast opportunities the rice industry offers while serving Nigerians with their number one staple food.

Frannies Farm Enterprise looks forward to being the foremost commercial rice business in Nigeria. This is why we work with a team of experts and we have put in place practices that will aid our vision.

How To Download The Rice Production Business Plan Template

Above is a part of the rice production business plan template in Nigerian. In case you need the complete business plan, follow the procedures to download it.

Pay the sum of N8000 (Eight thousand naira only)  to the account detail below: Bank: GTBank Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us) Ac/No: 0238933625 Type: Saving

Thereafter, send us your email address through text message to  +234 701 754 2853 .  The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the rice farming business plan in Nigeria to your email address where you can easily download it.

Dr. Abi Demi is a skilled technical writer and author with specialties in the martech and fintech space. Featured on Tekedia, Coin Review, Business Insider, Fintechna, Cryptocoin.news, Date 360 and several other sterling online publications, Demi is an astute technical writer that specializes in finance, marketing and technology - with over 500 published pieces across the internet ecosystem. Contact Abi Demi - [email protected]

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Rice Farming Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Agriculture Sector

Are you about starting a rice farm? If YES, here is a complete sample rice farming business plan template & feasibility report you can use for FREE .

In the United States of America and of course in most parts of the world, rice is one of the stable foods that is consumed by every household. This goes to show that there are loads of business opportunities that revolve around rice and one of such opportunities is commercial rice farming business.

One good thing about this business is that if you can combine rice farming and rice processing, then your market will not be limited to just the united states of America but the rest of the world.

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Although there are some states in the US that naturally support the cultivation of rice, but with latest technological advancement in the agriculture industry, you can successfully cultivate rice in most parts of the United States and not only around coastal regions.

A Sample Rice Farming Business Plan Template

1. industry overview.

Rice farming cum processing is an important sector of the economy of the United States. Amongst the US row crop farms, rice farms are the most capital-intensive, and have the highest national land rental rate average. In the United States, all rice acreage requires irrigation.

For instance, between 2000 and 2009 approximately 3.1 million acres in the US were under rice production, while an increase is expected in the next decade to approximately 3.3 million acres. It is on record that California rice is grown on approximately 500,000 acres, with the annual crop valued at approximately $780 million.

The commercial rice farming industry contributes half a billion dollars every year to the economy of the state of California. It is the base for highly skilled, living wage jobs in California and, through exports, all across various countries of the world.

Commercial rice farming is indeed one of many businesses that an entrepreneur who is interested in going into commercial farming can major in.

As a matter of fact, there are several commercial rice farms cum rice production companies scattered all around South American and costal states in the United States of America. This is so because rice easily grow and thrive pretty well in water – logged areas.

Establishments in the commercial rice farming industry primarily grow rice, which is then sold to millers for processing. The product is generally then sold to retailers, wholesalers, food processors and food-service establishments to reach the final consumer.

Statistics has it that farming (most especially commercial farming) of which rice farming is a part of employs more than 24 million American workers (which is roughly17 percent of the total workforce in the United States). For example, in 2006, the average American commercial farmer grew enough food for about 144 other people and also in 1940, the average farmer grew food for about 19 other people (which was close to enough food).

Records has it that in 2007, just 187,816 of the 2.2 million farms in the United States of America accounted for 63% of sales of agricultural products, marking a trend toward the concentration in agricultural production. Agricultural efficiency has increased over the past century from 27.5 acres/worker in 1890 to 740 acres/worker in 1990.

The performance of the Commercial Rice Framing industry depends to a larger extent on favorable farming conditions, with industry revenue fluctuating in line with production. It is a known fact that rice is a water-intensive crop and decreasing annual rainfall over the past five years negatively affected the cultivation cum harvest of rice hence decline in revenue generation for the industry.

In addition, reduced irrigated water allocations for commercial rice farmers, due to other agricultural industries, have caused production to decline following strong performances in the early stages of the last half – a – decade. Lastly, with the recent advancement in technology, farmers can now comfortably grow crops such as rice in regions where such crops can hardly survive and in places where there are low rainfalls – many thanks to the irrigation.

2. Executive Summary

Darren Pitcher® Commercial Rice Farms, LLC is a world class and registered commercial rice farm that will be based in the outskirt of Tallahassee, Florida – United States. We have done our detailed market research and feasibility studies and we were able to secure a well – situated and suitable farm land to start our commercial rice farming business.

Our commercial rice farming business is a going to be standard commercial rice farm hence will be involved in both commercial rice cultivation and processing and packaging of rice. We will be involved in both organic commercial rice farming and non – organic commercial rice farming.

We have put plans in place that will help us launch a standard and world – class rice processing and packaging plant within the first three years of officially running Darren Pitcher® Commercial Rice Farms, LLC. We will process and package rice and ensure 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 which is why aside from the fact that we’ve secured the required farming land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to be able to fit into the ideal picture of the 21 st century commercial rice farming and rice processing and packaging workforce that we want to build.

We are in the commercial rice farming 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.

Darren Pitcher® Commercial Rice Farms, LLC is well positioned to become one of the leading commercial rice 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.

We have put process and strategies in place that will help us employ best practices when it comes to commercial rice farming and rice processing and packaging as required by the regulating bodies in the United States of America.

Darren Pitcher® Commercial Rice Farms, LLC is a family business that is owned by Mr. Darren Pitcher and his immediate family members. The farm will be fully and single handedly financed by Darren Pitcher and his immediate family members.

Before starting Darren Pitcher® Commercial Rice Farms, LLC, Darren Pitcher has worked with some of the leading commercial farms and food processing plants in the United States of America; he has a degree (B.Sc.) in Agriculture Science from the University of California.

3. Our Products and Services

Darren Pitcher® Commercial Rice Farms, LLC is a world class commercial farm that is committed to cultivating both organic and non – organic rice for the United States’ market and the global market (processed and packaged rice). We are in business to produce food and raw materials for people and industries in commercial quantities.

We will also ensure that we operate a standard rice processing and packaging plant as part of our complimentary business.

We are in this line of business to make profits, and we will ensure that we do all that is allowed by the law of the United States of America to achieve our business goals and objectives. These are the areas we will concentrate on in our commercial rice farming business. If need arises we will definitely cultivate related crops;

• Cultivation of short-grain rice, medium-grain rice and long-grain rice (organic and non – organic)
• Standard rice processing plant (rice production and packaging)

4. Our Mission and Vision Statement

• Our Vision is to become one of the leading commercial rice farms and rice processing and packing brand not just in the United States of America but also on the global stage.
• Darren Pitcher® Commercial Rice Farms, LLC is a world class commercial rice farms that is in business to cultivate rice in commercial quantities both organic and non – organic and process and package rice for both the United States market and the international market.
• We want our well – packaged rice to flood every nooks and crannies of the United States and other countries of the world.

Our Business Structure

Darren Pitcher® Commercial Rice Farms, LLC is a commercial rice farm that intend starting small in Tallahassee – Florida, but hope to grow big in order to compete favorably with leading commercial rice farms in the commercial farming industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own which is why we are committed to only hiring the best hands in and around Florida.

At Darren Pitcher® Commercial Rice Farms, LLC, 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).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the management of the farm. In view of the above, Darren Pitcher® Commercial Rice Farms, LLC have decided to hire qualified and competent hands to occupy the following positions;

• Chief Operating Officer

General Farm Manager

Administrator / Accountant

Rice Cultivation Manager / Supervisor

• Rice Processing and Packaging Manager
• Sales and Marketing Executive
• Field Employees
• Front Desk Officer

5. Job Roles and Responsibilities

Chief Operating Officer:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Responsible for the planning, management and coordinating all farm activities across the various sections on behalf of the organization
• Supervise other section managers (rice cultivation manager and rice production manager)
• Ensures compliance during project executions
• Providing advice on the management of farming activities across all section
• Responsible for carrying out risk assessment
• Uses IT systems and software to keep track of people and progress of the growth of rice
• Responsible for overseeing the accounting, costing and sale of farm produce after harvest
• Represents the organization’s interest at various stakeholders’ meetings
• Ensures that farming goals desired result are achieved, the most efficient resources (manpower, equipment, tools and chemicals et al) are utilized and different interests involved are satisfied.
• 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
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Oversees the smooth running of the daily farming activities across the various farming sections.
• Responsible for financial forecasting and risks analysis.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Serves as internal auditor for the company
• Responsible for managing the rice cultivation section of the commercial rice farm
• Supervises other workers within the department
• Works closely with the General Manager to achieve the organizations’ goals and objectives

Rice Production Manager / Supervisor

• Responsible for managing the rice processing and packaging(rice production) section of the commercial rice farm

Sales and Marketing Officer

• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of relevant projects.
• Writes 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
• Develops, executes and evaluates new plans for expanding increase sales
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company

Field Workers / Contract Staff

• Responsible for preparing farm lands for rice cultivations
• Responsible for watering the rice crop
• Handles weeding or fertilizer and/or pest control application
• Handles farm implements and machines as instructed by the section manager / supervisor
• Assists in harvesting of rice
• Carries out task in line with the stated job description
• Assists 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

Client Service Executive / Front Desk Officer

• Welcomes guests and clients to the farm by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the manager in an effective and timely manner
• Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
• Receives parcels / documents for Darren Pitcher® Commercial Rice Farms, LLC
• Distributes mails in JB Michaels Commercial Farms, LCC

6. SWOT Analysis

Darren Pitcher® Commercial Rice Farms, LLC do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis.

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 commercial rice farm that will favorably compete with leading commercial rice farms in the United States of America and in the rest part of the world.

As a world – class commercial rice farms and rice processing and packaging company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Darren Pitcher® Commercial Rice Farms, LLC;

Our strength as a commercial rice farm is the fact that we have healthy relationships with loads of major players (agriculture merchants who deal in rice) in the commercial farms industry; both suppliers and buyers within and outside of the United States.

We have some of the latest commercial rice farming machines, tools and rice processing equipment that will help us cultivate rice in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Tallahassee – Florida in our payroll.

Our weakness could be that we are a new commercial rice farms in the United States, and perhaps the fact that we decided to diversify our farming activities could count against us initial. 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.

• Opportunities:

The opportunities that are available to us cannot be quantified; we know that there are loads of individuals who consume both organic and non – organic rice in different forms both in the United States of America and other parts of the world. We will ensure that we maximize the opportunities available to commercial rice farmers.

Some of the threats and challenges that we are likely going to face when we start our own commercial rice farm are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), unfavorable government policies and the arrival of a competitor (a commercial farm that cultivates same crop) as our farms within same location.

There is hardly anything we can do as regards this threats and challenges other than to be optimistic that things will continue to work for your good.

7. MARKET ANALYSIS

• Market Trends

One of the common trends in the commercial rice farming line of business is that most players in the industry are no longer concentrating only on non – organic rice farming. They are now finding it easier to run both organic rice cultivation and non – organic rice cultivation. It is fact that despite that organic food are expensive, the sale for organic food is on the increase and it is indeed profitable.

In spite of the fact that commercial rice farming has been in existence since time immemorial, which does not in any way make the industry to be over saturated; commercial rice farmers are exploring new technology to continue to improve the cultivation processes and also rice processing and packaging processes; mechanized farming has indeed increased the tons of food produced by farmers.

The fact that there is always a ready market for rice makes the business highly thriving and profitable. Lastly, it is a common trend to find standard commercial rice farmers run a rice processing and packaging plant alongside their farm. It is a means of maximizing profits in the business.

With this, it is easier for them to expand the scope of their market beyond the United States of America to other countries of the world.

8. Our Target Market

It is a known fact that the target market of those who are the end consumer of rice in any form and also those who benefits from the business value chain of commercial rice farming industry is all encompassing; it is far – reaching.

Almost every household consumes rice. In essence, a commercial rice farmer that also run a rice processing and packaging plant should be able to sell his or her farm produce to as many people as possible including hotels, restaurants and dormitories et al.

We will ensure that we position our business to attract consumers of rice not just in the United States of America alone but also other parts of the world which is why we will be exporting our rice produce either in raw form or processed form to other countries of the world.

Our competitive advantage

The truth is that, it is easier to find entrepreneur flocking towards an industry that is known to generate consistent income which is why there are more commercial farmers in the United States of America and of course in most parts of the world.

For example, Statistics has it that there were 2.2 million farms in the United States of America, covering an area of 922 million acres. These goes to show that there are appreciable numbers of farmers in the United States of America but that does not mean that there is stiffer competition in the industry.

As a matter of fact, entrepreneurs are encouraged by the government to embrace commercial farming. This is so because part of the success of any nation is her ability to cultivate her own food and also export foods to other nations of the world.

Darren Pitcher® Commercial Rice Farms, LLC is fully aware that there are competitions when it comes to selling commercial farm produce including rice 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.

We have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are effective and reliable rice farming processes that can help us sell our rice at competitive prices, good network and excellent relationship management.

Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we will operate an all – round standard commercial rice farms that will be involved in the production of rice i.e. rice processing plant. With this, we will be able to take advantage of all the available opportunities within the industry.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups commercial rice farms) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Darren Pitcher® Commercial Rice Farms, LLC is in the commercial rice 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.

In essence we are not going to rely only on the sale of our rice to generate income for the business. Below are the sources we intend exploring to generate income for Darren Pitcher® Commercial Rice Farms, LLC;

10. Sales Forecast

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).

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.

We have been able to critically examine the agriculture industry cum commercial rice farm line business and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some workable assumptions as well with respect to the nature of commercial rice farm that we run.

We will be running a standard rice processing plant with a capacity to export well – branded and packaged rice to other countries of the world. Below are the projections that we were able to come up with for the first three years of running Darren Pitcher® Commercial Rice Farms, LLC;

• First Fiscal Year-: $350,000
• Second Fiscal Year-: $600,000
• Third Fiscal Year-: $1.2 million

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), and unfavorable government policies. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

We are quite aware that in order to expand our market scope, we should go beyond just rice cultivation to rice processing and packaging. In view of that, we decided to set up a standard rice processing plant to help us maximize profits.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We want to build a standard and world – class commercial rice farms and rice processing and packaging company that will leverage on word of mouth advertisement from satisfied clients (both individuals and rice merchants).

Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and businesses that rely on the supply of rice as part of their menu. In summary, Darren Pitcher® Commercial Rice Farms, LLC will adopt the following strategies in marketing our commercial rice farm produce;

• Introduce our business by sending introductory letters alongside our brochure to stake holders in the agriculture industry, rice merchants, hotels and restaurants and rice processing plants et al.
• Advertise our business in agriculture and food related magazines and websites
• List our commercial rice 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
• Engage in direct marketing
• Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

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. We intend growing our business which is why we have perfected plans to build our brand via every available means.

We know that it is important to create strategies that will help us boost our brand awareness and to create a corporate identity for our commercial rice farm business. Below are the platforms you can leverage on to boost our commercial rice farm brand and to promote and advertise 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 product
• Install our Bill Boards on strategic locations all around Tallahassee – Florida
• Engage in road show from time to time in targeted neighborhoods
• Distribute our fliers and handbills in target areas
• Contact hotels, restaurants, agriculture produce merchants and residence in our target areas by calling them up and informing them of Darren Pitcher® Commercial Rice Farms, LLC and the farm produce we sell
• List our commercial rice farms in local directories / yellow pages
• Advertise our commercial rice farms in our official website and employ strategies that will help us pull traffic to the site.
• Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo et al.

12. Our Pricing Strategy

Some of the factors that will help you sell your rice at the right price that will guarantee that you make profits is dependent on your strategy while some of the factors are beyond your control.

For example, if the climatic condition is unfavorable and if there are natural disaster in the location where you have your commercial rice farm, then it will directly affect the harvest of plantain and also the prices of your farm produce.

Over and above, if you want to get the right pricing for your farm produce, then you should ensure that you choose a good location for your commercial farm, choose a good breed / seeds that will guarantee bountiful harvest, cut the cost of running your farm to the barest minimum and of course try as much as possible to attract buyers to your farm as against taking your farm produce to the market to source for buyers.

With this, you would have successfully eliminate the cost of transporting your harvest to the market and other logistics. We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for rice is to sell them at competitive prices hence we will do all we can to ensure that the price of our rice are going to be what other commercial rice farmers would look towards beating.

One thing is certain, the nature of commercial farming makes it possible for farmers to place prices for their farm produce based on their discretion without following the benchmark in the industry. The truth is that it is one of the means of avoiding running into loss. The easier you sell off your harvested rice the better for your business.

• Payment Options

The payment policy adopted by Darren Pitcher® Commercial Rice Farms, LLC 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.

Here are the payment options that Darren Pitcher® Commercial Rice Farms, LLC will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via online bank transfer
• Payment via check
• Payment via mobile money transfer
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. 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 for our rice and processed rice (well – branded and packaged rice).

13. Startup Expenditure (Budget)

When it comes to calculating the cost of starting a commercial rice farm with rice processing plant, there are some key factors that should serve as a guide. Factor such as the capacity of rice processing plant you want to own and the size of the commercial rice farm.

Besides, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to start a world – class commercial farm, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your farm is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a commercial rice farm; it might differ in other countries due to the value of their money. Below are some of the basic areas we will spend our start – up capital in setting up our commercial rice farm;

• The Total Fee for incorporating the Business in United States of America – $750.
• 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– $10,000
• The amount required for purchase of the first set of rice seedlings et al – $50,000
• The amount required to set up a standard rice 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

Going by the report from detailed research and feasibility studies conducted, we will need an average of $500,000 to start a standard commercial rice farming with rice processing plant business in the United States of America. These are some of the equipment that we would need to fully launch our commercial plantain farm,

• Soil cultivator
• Harrow (e.g. Spike harrow, Drag harrow, Disk harrow)
• Stone / Rock / Debris removal implement (e.g. Destoner, Rock windrower / rock rake, Stone picker / picker)
• Broadcast seeder (alternatively: broadcast spreader, fertilizer spreader, or Air seeder)
• Plastic mulch layer
• Transplanter
• Sprinkler system irrigation
• Wheel Barrow

Basically, the nature of commercial rice farms does not require an office space; most people that run commercial farms operate directly from their farms. But we have decided to open a small liaison office; a place where administrative jobs will be carried out on behalf of the business.

Generating Funds / Startup Capital for Darren Pitcher ® Commercial Rice Farms, LLC

No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a business such as commercial rice farming and rice processing and packaging plant business.

No doubt raising startup capital for a business might not come cheap, but it is a task that an entrepreneur must go through. Darren Pitcher® Commercial Rice Farms, LLC is a family business that will be owned and managed by Darren Pitcher and his immediate family members.

They are the sole financial of the firm, but may likely welcome other partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources. These are the areas where we intend sourcing for fund for Humphrey GT & Family Farms Ltd;

• 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
• Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 ( Personal savings $80,000 and soft loan from family members $20,000 ) and we are at the final stages of obtaining a loan facility of $400,000 from our bank. 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.

14. Sustainability and Expansion Strategy

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. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Darren Pitcher® Commercial Rice Farms, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to sell our farm produce ( processed and well – packaged organic and non – organic rice ) a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Darren Pitcher® Commercial Rice Farms, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our organization’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner of our business strategy.

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. 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.

Check List / Milestone

• Business Name Availability Check: Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts various banks in the United States: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of All form of Insurance for the Business: Completed
• Leasing of farm land in Tallahassee – Florida: Completed
• Conducting Feasibility Studies: Completed
• Start – up Capital Generation: Completed
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
• Recruitment of employees: In Progress
• Building /construction of cages and fence et al: In Progress
• Purchase of the needed working tools, machines and equipment: Completed
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business (Business PR): In Progress
• Farm land Treatment, Health and Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players in the industry ( agriculture farm produce merchants, fertilizer suppliers and transporter / haulage companies et al ): Completed

proposal for establishment of a Nigerian rice network

• September 2007

• University of Nigeria

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Business plan for rice mill Processing Business in Nigeria/Rice Mill Processing Business Business Plan with Feasibility studies

• Post author: Ane
• Post published: May 4, 2018
• Post category: Update
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Table of Contents

Business plan for rice mill Processing Business in Nigeria

Mother’s pride rice mill limited, the executive summary @ business plan for rice mill processing business in nigeria, capital requirement:, business plan for rice mill processing business in nigeria  – the business profile/business overview:, our competitive advantage:.

• Our Ability to handle all manner of rice milling equipment and tools,
• Our ability to produce rice in large quantities.
• Ability to cover wide range of customers demand all at the same time
• The proximity of our milling plant near the local farmers who produce the  paddies for processing.
• The already established relationship with the World Bank and Belle Wise Rice Mill

OUR PRODUCTS/SERVICES :

• National brand packaged in different container sizes,
• An international brand packed in both 25kg and 50 kg bags.
• Rice Bran: Produced from the outer layer of the brown rice grain. Used in cereals production due to its  high levels of vitamin B6, iron, phosphorus, magnesium, potassium, nicacin, and thiamine.
• Rice Bran Oil. Extracted from the outer layer on the brown rice kernel.

Business plan for rice mill Processing Business in Nigeria –   MOTHER’S PRIDE RICE MANUFACTURING  PROCESSES

• Purchase of Paddy from the farmers
• Paddy Undergoes cleaning through Paddy Cleaner
• The Removal of  unwanted part
• Rice  goes through the Process of Whitening

Furthermore,

• Rice under goes other shining processes
• Packing of Raw Rice obtained from  the above processes
• Sale to the End User

 MARKETING STRTEGIES:

• Establishment of the  business website: website:www.mother’spride.com for our  business promotion, online sales  and delivery,
• Use of our social media platforms for our business promotions.
• Use of Radio and Television adverts

In addition,

• The placement of our business fliers in strategic public places, banks and hotels,
• Use of roll up Berners at our offices
• The use of our business branded cars only
• Public outreach methods – to reach boarding schools and government offices

HOW TO GET THE CONCLUDING PARTS:

• The Management Team And Their Profile
• The Industry Overview: Especially for global economic influence
• Market Overview
• Your SWOT Analysis
• Your Financial Plan – Sources of fund, and how to generate more from the processes activities.
• Financial Analysis – Projected Income Statements, Balance Sheet And Fund Flow Statement.
• Breakeven Analysis
• Accounting Ratios Generated
• Bench Marks/Time lines
• Your Economic Assessment of The Project
• Conclusions

WHAT YOU ARE REQUIRED TO DO NOW!

Please read  these related topics :.

Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.

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