in Agriculture Science from University of Rhode Island. 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. Welcomes guests and clients to the farm by greeting them in person or on the telephone; answering or directing inquiries. to ensure accurate and helpful information is supplied to clients, Receives parcels / documents for the organization. Although the opportunity in castor farming business is huge, without your business plan, you may not succeed. Farming duck involves meat production or egg production based on the farmer’s requirements. 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. A farming business can be more successful if you will develop a farm business plan. This profile envisages the establishment of a plant for the production of castor oil with a capacity of 1,000 tonnes per annum. A Sample Commercial Farming Business Plan Template What are the Best Types of Chainsaws for Firewood Business? Account details: Alaegbu Michael, Account Number: 0241203999. The health and vitamin industry is growing at a very quick pace. Fee: 5,000. Below are the projections that we were able to come up with for the first three years of running Jake Tyson® Castor Bean Farms, Inc.; 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 or flood), and unfavorable government policies. One of our major goals of starting Jake Tyson® Castor Bean Farms, Inc. 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. Rainfall: 500-600 annually. A good business plan will help your farm or food production business grow. Duck farm business plan includes population control, duck shelter, equipment, feed, disease control. Lastly, it is a common trend to find standard castor bean (castor oil plant) farmers run a castor oil processing plant business alongside their farm. TDB: Can you gives us an idea of the margins involved in the castor oil-trade – from the farm … We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for our castor beans (castor oil plants) and castor oil is to sell them at competitive prices hence we will do all we can to ensure that the prices of our castor beans (castor oil plants) are going to be what other castor bean (castor oil plant) farmers would look towards beating. Nothing is more critical to a new farm business than a good farm business plan. Soil Requirement for Castor Cultivation:- Generally, Castor is cultivated in lands which are not suitable for commercial farming. It is no news that castor bean popularity can be said to be associated with the healthy benefits that comes with using castor oil. Take advantage of this opportunity to network and learn with fellow castor farmers in the group and a sure link to realible Castor seed off taker. There are several active breeding programs. The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400, The amount needed to acquire / lease a farm land – $50,000, The amount required for preparing the farm land – $70,000, The cost for acquiring the required working tools and equipment / machines / fencing et al – $30,000, The amount required for purchase of the first set of castor bean seedlings et al – $10,000, The amount required to set up a standard castor oil processing plant within the farm facility – 100,000, Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000, The cost of launching an official website – $600, The amount required for payment of workers for a period of 3 months – $100,000, Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000, Generate part of the start – up capital from personal savings and sale of his stocks, Generate part of the start – up capital from friends and other extended family members. Almost every household consumes or make use of castor oil in different form. Not only will you set the steps that you need to follow to achieve your goals, but you can also become more prepared with the risks. Payment via Point of Sale Machines (POS Machines). An aspiring entrepreneur can either choose to start a castor bean farm on a small scale or on a large scale depending on their financial status. The soil should be moderately fertile and slightly acidic with a pH 5.0-6.0. One thing is certain, the nature of commercial farming makes it possible for farmers to place prices for their farm produces based on their discretion without following the benchmark in the industry. Ecological requirements. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups castor bean (castor oil plant) 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. If YES, here is a sample castor farming business plan template & FREE feasibility report. Castor Crop Cultivation :Production. Some of the threats and challenges that we are likely going to face when we start our own castor bean (castor oil plant) farm are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics and flood) – unpredictable weather patterns will continue to dampen demand growth, unfavorable government policies and the arrival of a competitor (a commercial farm that cultivates same crops) as our farms within same location. Tag: Castor Farming Business Plan. Another notable trend in this line of business is that more players in the food, fragrance and cosmetics, pharmaceutical and other related production industry are beginning to increase their demand for essential oil as part of their raw materials because of the aromatic nature it adds to their product. This is so because castor oil is used all over the globe for different purposes. No doubt, starting a castor bean farming business comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture. Little wonder that the market for castor oil have continued to be on the increase. 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 (castor bean (castor oil plant) cultivation manager and castor oil extraction, processing and packaging manager), Ensure compliance during project executions, Providing advice on the management of farming activities across all section, Responsible for carrying out risk assessment, Using IT systems and software to keep track of people and progress of the growth of crops (castor bean (castor oil plant)), Responsible for overseeing the accounting, costing and sale of farm produce after harvest, Represent the organization’s interest at various stakeholders’ meetings. They are starting to believe the body is a temple. Altitude: 0-1800m above sea level. See also:Tips to Start Greenhouse Farming Business in Nigeria 10. For a detailed quote for a complete and comprehensive Castor Biodiesel Business Plan from Farming to fuel, kindly mail to email@example.com or contact : Director Business Development Division, CJP B-132, Sainik Basti, Churu-331001 Tele: +91-9413334600 Contracts were offered to growers, and limited production developed in the Imperial and San Joaquin Valleys (Zimmerman 1958). Oversee the smooth running of the daily farming activities across the various farming sections. It is very sensitive to high humidity. Castor is indigenous to the southeastern Mediterranean Basin, Eastern Africa, and india, but is widespread throughout tropical regions (and widely grown elsewhere as an ornamental plant). The bottom line is that if you have enough farming land (space) and you are interested in maximizing commercial castor bean (castor oil plant) farming, you are sure going to make huge profits from the business. It is a known fact that the target market of those who are the end consumer of castor oil in any form and also those who benefits from the business value chain of commercial castor beans (castor oil plants) farming is all encompassing; it is far – reaching. Farmers in the castor bean farming industry primarily grow castor bean / castor oil tree for industries that make use of castor seeds for the production of food and preservatives, medicine (laxative) naturopathy castor oil, bio-based polyol in the polyurethane industry (coatings), precursor to industrial chemicals, lubrication oil, as feedstock in the production of biodiesel and skin and hair care (cosmetic oil). Castor oil and its derivatives also find major application in soaps, grease, hydraulic brake fluids and perfumery products as well. Ground seed cakes are used as fertilizers (castor oil pomace) Varieties . Jake Tyson® Castor Bean Farms, Inc. employed the services of an expert HR and Business Analyst with bias in the commercial farming industry to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. Do you want to start a castor farm and need to write a plan? The sales projections are based on information gathered on the field and some workable assumptions as well with respect to the nature of castor bean (castor oil plant) farm that we run. The truth is that it is one of the means of avoiding running into loss. The industry is highly fragmented; no single castor bean (castor oil plant) farmer / farm holds a lion share of the available market share in the industry., it is not enough to allow the company to dominate the industry. Leading producing areas are India (with over three-quarters of the global yield), China and Mozambique, and it is widely grown as a crop in Ethiopia. Little wonder that the market for castor oil have continued to be on the increase. We are quite aware that the reason why some castor bean (castor oil plant) farms hardly make good profits is their inability to sell off their castor beans (castor oil plants) as at when due. These are the areas where we intend sourcing for fund for Jake Tyson® Castor Bean Farms, Inc.; 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 $350,000 from our bank. Owning a coffee farm is no easy task. It will help you attract investors and source … 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 castor bean (castor oil plant) farms that will also include castor oil extraction and processing plant. Responsible for financial forecasting and risks analysis. The Ricinus communis biodiesel meets all the three criteria any environmentally sustainable fuel must meet. As a matter of fact, with the recent advancement in technology, farmers can now comfortably grow crops such as castor bean s(castor oil plants) in a country where such crops can hardly survive. Complete Biz Plan. Jake Tyson® Castor Bean Farms, Inc. is a world class and registered commercial castor bean (castor oil plant) farm that will be based in the outskirt of Pawtucket, Rhode Island – united states. Going forward, the Castor Bean / Castor Oil Plant industry is projected to show stronger signs of growth, especially as larger industry players continue to acquire smaller castor bean (castor oil plant) farms while boosting their overall scale of production. More so, your strategic plans will help you develop a mission statement that … The seeds contain between 40 percent and 60 percent oil that is rich in triglycerides, mainly ricinolein. This is because of the importance of starting off well-armed with the basic information that is needed to thrive in this trade. Below are the sources we intend exploring to generate income for Jake Tyson® Castor Bean Farms, Inc.; We conducted a thorough market survey and feasibility studies and we were able to discover that the sales generated by a commercial farm depends on the size of the farm, the nature of the commercial farm (whether cattle rearing, poultry farming, fish farming and crops cultivation et al). In essence we are not going to rely only on the sale of our farm produce to generate income for the business. Responsible for preparing financial reports, budgets, and financial statements for the organization, Responsible for overseeing the smooth running of HR and administrative tasks for the organization, Handles all financial transactions for the company, Defining job positions for recruitment and managing interviewing process, Carrying out staff induction for new team members, Responsible for training, evaluation and assessment of employees. Castor oil is a natural emollient and a few drops may also be used to remedy dry skin, as a massage oil, and may benefit hair as a treatment. Customers want to have natural and plant alternatives to medication. The King of the kingdom of Swaziland. It can improve your chances of receiving government grants or loans, help you manage your business through hard times, and identify additional forms of revenue like tourism or consulting. Our vision is to become one of the leading commercial castor beans (castor oil plant) farms and castor oil extracting, processing and packing brand not just in the United States of America but also on the global stage. The seeds from the Ricinus communis Plant contain in excess of 45% oil. Jake Tyson® Castor Bean Farms, Inc. is a world class castor bean (castor oil plant) farms that is in business to cultivate castor beans (castor oil plant) in commercial quantities and processed castor oil for both the United States market and the international market. The opportunities that are available to us cannot be quantified, we know that there are loads of production companies that rely on the supply of castor oil from castor bean (castor oil plant) farms both in the United States of America and other parts of the world. ... Linne Co.’s Castor Seeds Farming Team. Factor such as the capacity of castor oil extracting and processing plant you want to own and the size of the castor beans (castor oil plants) farm. Our commercial castor bean (castor oil plant) farm is a going to be standard commercial castor bean (castor oil plant) farm hence will be involved in both commercial castor bean (castor oil plant) farm cultivation and castor oil extraction, processing and packaging. Despite the fact that castor beans (castor oil plants) farm has been in existence since time immemorial, which does not in any way make the industry to be over saturated; castor bean (castor oil plant) farmers are exploring new technology to continue to improve the cultivation processes and also castor oil extraction and processing processes; mechanized farming has indeed increased the tons of olives produced by farmers. Is There a Weight Limit for Indoor Skydiving? If YES, this article gives a sample of a castor farming business plan template & FREE feasibility report. We have put process and strategies in place that will help us employ best practices when it comes to castor bean (castor oil plant) farm processes and castor oil processing and packaging as required by the regulating bodies in the United States of America. Start my business plan. If you need a professional and affordable business plan service, StartupTipsDaily’s MBA standard professional business plan writing service is perfect for your small business. At Jake Tyson® Castor Bean Farms, Inc., we will ensure that we hire people that are qualified, hardworking, dedicated, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers). An Economic Evaluation of Castor Farming : Ricinus communis: A Potential Viable Biodiesel Feedstock. Castor Business Plan - En - Free download as PDF File (.pdf), Text File (.txt) or view presentation slides online. The Complete Business Summary of Setting up a Castor Farm & Plant. We have some of the latest commercial farming machines, tools and castor oil extracting, processing equipment that will help us cultivate castor beans (castor oil plants) and castor oil in commercial quantities with less stress. When it comes to calculating the cost of starting a castor bean (castor oil plant) farm with castor oil processing plant, there are some key factors that should serve as a guide. Here are the payment options that Jake Tyson® Castor Bean Farms, Inc. will make available to her clients; In view of the above, we have chosen banking platforms that will enable our client make payment for the purchase of castor beans (castor oil plants) and castor oil without any stress on their part. In view of that, we decided to set up a standard castor oil processing plant to help us maximize profits. Which is why we are committed to only hire the best hands in and around Rhode Island. We are in the castor bean (castor oil plant) farm business because we want to leverage on the vast opportunities available in the commercial farming industry, to contribute our quota in growing the U.S. economy, in national food production, raw materials production for industries, to export agriculture produce from the United States to other countries and over and above to make profit. The easier you sell off your harvested castor beans (castor oil plants) the better for your business. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Jake Tyson® Castor Bean Farms, Inc.; Our strength as an castor bean (castor oil plant) farm is the fact that we have healthy relationships with loads of major players (agriculture merchants who deal in castor beans (castor oil plants) and other production companies that make use of castor oil as raw material) in the commercial farms industry; both suppliers and buyers within and outside of the United States. ... Can u advise on Inter-cropping maize and castor…and also which do u think is more profitable,maize or cassava farming please.I will also like to chat u on whatsapp pls….08137575773. Whether you need a good get-started guide, have a plan that you would like to verify, or have a plan you’re looking to Jet engine lubricants, nylon 610. It is no news that castor bean popularity can be said to be associated with the healthy benefits that comes with using castor oil. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Pawtucket – Rhode Island in our payroll. Before starting Jake Tyson® Castor Bean Farms, Inc., Jake Tyson has worked with some of the leading commercial farms and castor oil processing plants in the United States of America; he has a degree (B.Sc.) Home » Business Plans » Agriculture Sector ». Writing a bank and investor ready professional castor farming business plan can be challenging. It is propagated through seeds in soils that are not fertile and in an area with less rainfall. So it’s important to prepare as much as you can. We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard castor bean (castor oil plant) farm that will favorably compete with leading commercial castor bean (castor oil plant) farms in the United States of America and in the rest part of the world. Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and companies that rely on castor beans (castor oil plants) and castor oil as their major raw materials. A business plan is one tool that can help you identify where to focus your resources and how to plan ahead. We will be running a standard castor oil processing plant with a capacity to export well – branded and packaged castor oil to other countries of the world. We are quite aware that there are several large scale, medium scale and small scale castor bean (castor oil plant) farms all over Pawtucket – Rhode Island and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. Castor bean farming is done in dry regions under irrigation or through rainfall. In essence a castor bean (castor oil plant) farmer should be able to sell his or her farm produce to as many people as possible including production companies that make use of castor oil as raw materials. We will ensure that we maximize the opportunities available to commercial castor bean (castor oil plant) farmers. The payment policy adopted by Jake Tyson® Castor Bean Farms, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America. It can also be a requirement of securing grants and loans for your farm business. Castor Seeds are valued mainly for their oil, which is used in pharmaceutical products. We have been able to critically examine the castor bean (castor oil plant) farm market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. 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 ten years or more as agreed by the management of the farm. 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 21st century commercial castor bean (castor oil plant) farm and castor oil production plant workforce that we want to build. With this, we will be able to take advantage of all the available opportunities within the industry. Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. They are the sole financier of the business, 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. Lastly, with commercial castor bean (castor oil plant) farming business, it will pay you not to only cultivate castor bean (castor oil plant) and sell them to production companies who need castor bean (castor oil plant) as raw materials. In 2012, Soweto-born Thabang Mabapa was helping to clean up a local community church when … We want to build a standard and world – class castor bean (castor oil plant) farm that will leverage on word of mouth advertisement from satisfied clients (both individuals and businesses). Project Type: Castor beans farming/ contract farming/ trading / extraction plant. A business plan is not some rigid rule-setting standard that must be set in stone. Botanical Bounty Executive Summary Opportunity Problem. It is important to state the part of what affect productivity output in this industry is the fact that castor oil seed farming is vulnerable to unpredictable weather conditions, and the demand for high-quality essential oil in key foreign markets will boost exports. Castor bean (castor oil plant) farmers are typically niche farmers, operating on small farm land with no more than a few hundred trees. You can as well start a complimentary business such as castor oil extraction and processing plant; producing and packaging castor oil et al. Start your own agriculture farm business plan. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats. Global castor seed production is around two million tons per year. 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 castor bean (castor oil plant) farm business. We know that one of the ways of gaining approval and winning customers over is to sell our farm produce (castor beans (castor oil plants) and even processed and packaged castor oil) 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. 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. Advertise our castor bean (castor oil plant) farms in our official website and employ strategies that will help us pull traffic to the site. Castor oil can be used as an irritant / simulative laxative. To implement these profit and growth objectives in the Castor Beans Farming and Trading Project the company needs: An initial investment (loan) is required to develop and plant castor beans at 1,500 hectares land and serve as working budget. Usually a business plan should be reviewed at least once a month to once a year to look at what was written and what changes should be made. We have put plans in place that will help us launch a standard and world – class castor oil processing plant within the first three years of officially running Jake Tyson® Castor Bean Farms, Inc. We will process and package castor oil that they flood the market both in the United States and in other countries of the world; we want to compete with the best in the industry. This is a sample business plan that I have put together which can be adapted to suit most smallholding and farming enterprises that are start ups. 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. A business plan is a document that helps you to organize and succinctly summarize the vision you have for your business. Jake Tyson® Castor Bean Farms, Inc. is a world class commercial castor bean (castor oil plant) farm that is committed to cultivating castor oil / trees for both the United States’ market and the global market. 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. Responsible for developing and managing financial systems and policies, Ensuring compliance with taxation legislation, Handles all financial transactions for the farm, Responsible for managing the castor bean (castor oil plant) cultivation section of the farm, Supervises other workers within the department, Work closely with the General Manager to achieve the organizations’ goals and objectives, Responsible for managing the castor oil extraction, processing and packaging section of the commercial farm, Identify, prioritize, and reach out to new partners, and business opportunities et al, Identifies development opportunities; follows up on development leads and contacts, Writing winning proposal documents, negotiate fees and rates in line with company policy, Responsible for handling business research, marker surveys and feasibility studies for clients, Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients, Develop, execute and evaluate new plans for expanding increase sales, Document all customer contact and information, Represent the company in strategic meetings, Help increase sales and growth for the farm, Responsible for preparing farm lands for castor bean (castor oil plant) cultivation, Assist in the extraction, processing and packaging of castor oil, Weeding or fertilizer and / or pest control application, Handles farm implements and machines as instructed by the section manager / supervisor, Assist in handling the harvest of castor beans (castor oil plants), Carries out task in line with the stated job description, Assist in transport working tools and equipment from the farm and back to the designated store room, Handles any other duties as assigned by the line manager.