Moringa Farming Business Plan In Nigeria: From history, we all know that moringa farming began in India, but as at now it has spread to different parts of the world, Nigeria inclusive. A lot of research has gone into the importance of consuming moringa and how to cultivate it over the last decade. According to a recent research, it has been said that Nigeria can generate up to N500 billion in a year from cultivating moringa alone. The very reason for this is because every part of this tree is useful, and that is the it has been nicknamed “the drumstick of life.”
Also Read: Poultry Farming Business Plan in Nigeria
If you are looking for a product that cuts across age and race, look no further, moringa is sure your. Although this crop is being used as a remedy for several diseases, it is still has many biodiesel properties. Experts have proven that the moringa plant is even better than Jatropha which is one of the top biodiesel plants in the world. Do you know that the cultivation of moringa plants have raised many farmers from the dunghill to becoming millionaires? Just by investing in moringa farming business, they have become millionaires? Moringa farming business is a very huge market both locally and internationally so you can rest assured that this business is very profitable.
In today’s post on the subject matter, we will be taking a look at moringa farming business plan in Nigeria sample plan. That means we will be dealing on sample plan for starting a moringa farming business in Nigeria. In this post, we will showing you how to start your moringa farm and ways you van make quick profits in Nigeria.
Moringa Farming Business Plan In Nigeria
You can’t just rely on our what we are writing here because it’s just a sample plan. So do note that this is just a sample and as a result, we will only provide excerpts of a regular business plan. But if you want to get the full and comprehensive moringa farming business plan in Nigeria,
To get a complete sample Moringa farming business plan in Nigeria, pay N10,000 to:
Bank Name: Guaranty Trust Bank (GTB)
Account Name: Ogumka Innocent
Account Number: 0153723721
After payment, send your full name, email address and topic (e.g. moringa plantation business plan pdf ) to 07017130778. Your business plan will be sent to your email within 5 minutes.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
Company Overview/Description
Ka3 Farms focuses basically on moringa production both for the local and international markets. Ka3 farms cultivate, process, and preserve moringa seeds, leaves, barks, and oil for the sole purpose of selling. Research has shown that there are only two species of moringa plant in the world and they are; Moringa stenopetala and Moringa oleifera. In Ka3 farms, we cultivate both.
Ka3 farms as it were, is located on an piece of land which covers about 35 hectares. Currently, our capacity will allow us to produce up to 7,000 tons of the moringa seed each year. However, we have decided to expand to 10,000 tons which will require another 15 hectares of land. The process has already started. Our processes are in line with the dictates of NAFDAC and SON.
Company vision
In other for ka3 farms to be recognized as one of the best in Moringa production on the continent in 5 years, we intend to develop an operational system that will be sustainable enough for our farm.
Company mission
To supply the best quality of moringa money can buy within the shores of Nigeria as and outside the country.
We will seek to provide efficient customer service which will hwlp us to meet the needs of our customers along with the best moringa products. With this, it will help us to earn their loyalty and trust while ensuring unhindered business transactions across table.
On a final note, to, ensure that our products are priced reasonably on the market so that we can have a competitive advantage over our competitors.
See also; Yam flour production business plan in Nigeria
Business objectives
Our objective as a business is that we are able to attain a sustainable profitability within the first 5 years of existence.
We also want to maintain a profit margin that ranges between 18% and 25%. If we must accomplish thus, we will have to focus on the relationship between the cost of production and related expenses.
We will also engage in empowering our staffs and ensuring that they are offered competitive packages in relation to other moringa farms in the Nigerian industry. The reason for this, is to earn their trust and loyalty and ultimately contribute to the success of ka3 moringa Farms.
To be able to attain a break-even latest by the third year of operation.
Distributing a minimum of 7,000 tons within the first two years of the business locally and internationally.
Keys to success
Strict financial strategies.
Efficient processing techniques at low operating costs.
Providing optimum satisfaction to all customers.
We will ensure a great working conditions at all our facilities along with competitive remuneration for our staff.
Top-notch customer service.
Product description
As we have earlier stated, ka3 Farms will focus on moringa products to sell. We will engage in disease-free, quality products to our customers. Additionally, the moringa leaves as it were, will be processed into dried powder for consumption by humans and animals too. Remember, every part of this tree is important. Other products include:
Oil for human use.
Press cake for animal fodder.
Moringa tea.
Bio-fuel
Fresh products packaged in different volumes.
Market overview
Currently, moringa plant is among the fastest-growing cash crops in the world today. And we have also discovered that Africa is the leading producer of Moringa. Moringa products all.over the world are very high in demand. That is, products derived from moringa because of its nutritional value. The price of moringa has significantly increased steadily at 50% per year over the last few years.
The reason why there have been a consistent price increase in moringa plant, is a result of constant research into the benefits and usefulness of this farm produce. What we have seen and have researched on is that the moringa farm business industry in Nigeria is untapped with only a few farmers investing in this crop. The demand for this crop and its by-products makes it clear that it is one of the most profitable ventures to invest in as at now.
Financial Projections
Ka3 Farms is currently seeking up N4 million as long-term financial aid to cover its start-up costs, construction expenses, equipment, and working capital. This funding as we expect, will be acquired from investors and partners through equity.
We believe that by the tenth month of operation, we ought to have gotten to a positive cash flow giving that all loans obtained have been duly paid. Based on this, revenues should reach N10,150,000 and profits N2,690,765 by the end of the first year.
You can’t just rely on our what we are writing here because it’s just a sample plan. So do note that this is just a sample and as a result, we will only provide excerpts of a regular business plan. But if you want to get the full and comprehensive moringa farming business plan in Nigeria,
To get a complete sample Moringa farming business plan in Nigeria, pay N10,000 to:
Bank Name: Guaranty Trust Bank (GTB)
Account Name: Ogumka Innocent
Account Number: 0153723721
After payment, send your full name, email address and topic (e.g. moringa plantation business plan pdf ) to 07017130778. Your business plan will be sent to your email within 5 minutes.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
How to start a moringa farming business in Nigeria
There are several things you must do first before you step out to start your moringa farming business. We have created a list below to help you out.
Feasibility study and business plan.
This is very important. You have to get a hold of a very quality moringa farming business plan in Nigeria befoe you start. Wait first.
Feasibility study and business plans are not the same
However, we have also observed that many people do confuse them. If you are very much interested in this business, you must get either of them or of both before you start your moringa business. With this, you are sure of getting a considerable level of success. This is a sure guarantee. According to research and study, it shows that 60% of businesses fail in the first year of operation in Nigeria. Guess what? The failure of these busikeas comes because they never had a business plan or conducted a feasibility study befoe they got started. That is why it is very important to seek the services of a professional to help you out in this regard. You can reach out to us to help you out with this project. With a standard and well detailed moringa farming business plan in Nigeria, your success is guaranteed.
Land acquisition and preparation
For your moringa farm to thrive, the land is the chief resource. Remember, it is not possible to cultivate without land. The best type of land for moringa farming is sandy-loam that is rich in organic matter. Please make sure that the pH of the land is around 6.0 and 7.0 to ensure the healthy growth of the crops.
For those who are going into commercial moringa farming business in Nigeria, it will be of advantage to you to prepare the soil using mechanical methods. If there is a need for manure or fertilizer addition, then make research and find out the right amount and types needed.
Planting
We advise that you first plant your seeds and raise them in a nursery before transferring them to the farm. Allow the plants to grow to about 70cm to 80cm before transplanting them. Follow the instructions for transplanting provided by agricultural science for the best yield.
Irrigation
Moringa plant as it were, doesn’t need excess water to grow well. But you can’t rule out the importance of water for it’s growth especially for inducing flowering and fruiting. You should be able to develop a method where you apply water to the crop at least once every two weeks. Please, this method should be done in the dry season only as rainwater is sufficient for them in the rainy season. You should stop irrigation after the first two months of transplanting. Please note that the best form of irrigation for moringa is drip irrigation.
Pruning
After the first year, the trees should have grown to about 3 feet tall. Leave only between 4 and 5 branches on each tree. The more efficient you are with pruning, the more yield you will have.
Harvesting
The best tools for harvesting moringa are Knives and sickles and it must be done manually. It is best to harvest the pods before they pop open. Before you harvest, ensure the pods are dry because if they are harvested green, they will decay.
You can harvest the leaves by plucking the branches and taking off the leaves from the branches. After this, dry the leaves then grind them into powder or pass them through whatever process you desire.
Market your products
Like we have already established, the demand for moringa products has been on the increase all over the world. As a farmer, you will likely be caught between selling to the local market and the international market. At this point, you have to make your choice however, exports will always pay better. Different methodologies can be used to locate your market and find the best ways to package for them.
Uses of Moringa
In case you are wondering why you should invest in moringa farming, here are a few uses of moringa.
Increases sperm production in men and induces milk production in females.
The oil is a great remedy for aging as it adds a natural glow to the skin. It also moisturizes the scalp and cures wounds.
Cures insomnia.
Purifies water.
Possesses several medicinal properties.
TABLE OF CONTENT
1.0 Executive Summary Keys to Success Products Market Financial Considerations
1.1 Objectives
1.2 Mission
2.0 Company Summary
3.0 Products
4.0 Market Analysis Summary
4.1 Market Segmentation
4.2 Target Market Segment Strategy
4.3 Industry Analysis
4.3.1 Competition and Buying Patterns
5.0 Strategy and Implementation Summary
5.1 Sales Strategy
5.2 Marketing Strategy
5.3 Competitive Edge
6.0 Management Summary
6.1 Personnel Plan
6.2 manpower requirements
6.3 man power budget
7.0 key financial management controls
8.0 Projected financial statements
8.1 Application of funds
8.2 operating and maintenance costs budget
8.3 projected profit on 12months
8.4 income statement projections
Conclusion
All through this publication, we have given you detailed analysis about the moringa farming business in Nigeria. Writing a business plan for this business is very important to your success.
You can’t just rely on our what we are writing here because it’s just a sample plan. So do note that this is just a sample and as a result, we will only provide excerpts of a regular business plan. But if you want to get the full and comprehensive moringa farming business plan in Nigeria,
To get a complete sample Moringa farming business plan in Nigeria, pay N10,000 to:
Bank Name: Guaranty Trust Bank (GTB)
Account Name: Ogumka Innocent
Account Number: 0153723721
After payment, send your full name, email address and topic (e.g. moringa plantation business plan pdf ) to 07017130778. Your business plan will be sent to your email within 5 minutes.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
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