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. 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 castor bean (castor oil plant) farm. We want our well – packaged castor oil to flood every nooks and crannies of the United States and other countries of the world. Start my business plan. 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 2012, Soweto-born Thabang Mabapa was helping to clean up a local community church when … Although the opportunity in castor farming business is huge, without your business plan, you may not succeed. 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. We have formulated A Complete & comprehensive Castor Biodiesel Business plan from farming to fuel consisting following standard sections Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. 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. 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. 2. Farming duck involves meat production or egg production based on the farmer’s requirements. This is because of the importance of starting off well-armed with the basic information that is needed to thrive in this trade. It is no news that castor bean popularity can be said to be associated with the healthy benefits that comes with using castor oil. A Sample Commercial Farming Business Plan Template Complete Biz Plan. Welcomes guests and clients to the farm by greeting them in person or on the telephone; answering or directing inquiries. 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. Jake Tyson® Castor Bean Farms, Inc. is fully aware that there are competitions when it comes to selling commercial farm produce including castor beans (castor oil plants) all over the globe, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States and in other parts of the world. This training will uncover secret of castor farming from cultivation of castor through to the marketing. 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). Ecological requirements. 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. ... 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. The fact that there is always a ready market for castor beans (castor oil plants) and castor oil makes the business highly thriving and profitable. Altitude: 0-1800m above sea level. Little wonder that the market for castor oil have continued to be on the increase. Do you want to start a castor farm and need to write a plan? The soil should be moderately fertile and slightly acidic with a pH 5.0-6.0. 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. 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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. For a detailed quote for a complete and comprehensive Castor Biodiesel Business Plan from Farming to fuel, kindly mail to firstname.lastname@example.org or contact : Director Business Development Division, CJP B-132, Sainik Basti, Churu-331001 Tele: +91-9413334600 Start your own agriculture farm business plan. Oversee the smooth running of the daily farming activities across the various farming sections. leading the development and implementation of the overall organization’s strategy. 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 and registered commercial castor bean (castor oil plant) farm that will be based in the outskirt of Pawtucket, Rhode Island – united states. 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. This profile envisages the establishment of a plant for the production of castor oil with a capacity of 1,000 tonnes per annum. Little wonder that the market for castor … So also, decreasing per capita castor oil consumption will hindered growth and profit margins have fluctuated greatly over the past five years. 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. It is propagated through seeds in soils that are not fertile and in an area with less rainfall. Castor Crop Cultivation :Production. A number of small castor bean (castor oil plant) farmers usually supply low quantities of harvested castor beans to wholesalers that sell the collective quantity of castor beans to manufacturing plants that are into castor oil extractions and processing. The seeds from the Ricinus communis Plant contain in excess of 45% oil. A farming business can be more successful if you will develop a farm business plan. It is no news that castor bean popularity can be said to be associated with the healthy benefits that comes with using castor oil. Castor Seeds are valued mainly for their oil, which is used in pharmaceutical products. This is a vital plan of action a business creates to penetrate the market and also to maximize profits in the business. 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. 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. 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. 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. The price of castor oil plant is typically the most reliable driver of industry performance. Jake Tyson® Castor Bean Farms, Inc. do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. It is no news that castor bean popularity can be said to be associated with the healthy benefits that comes with using castor oil. 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. 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. 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. In the mid-1930s, Baker Castor Oil Company began a program to develop domestic production to supply their processing plant in California. 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. 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. Castor oil is a basic ingredient in the production of nylon 11. Sustainability and Expansion Strategy, Leading producing areas are India (with over three-quarters of the global yield), China and Mozambique, and it is widely grown as a crop in Ethiopia, Encourage the use of Word of mouth marketing. 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. See also:Tips to Start Greenhouse Farming Business in Nigeria 10. Jake Tyson® Castor Bean Farms, Inc. is a family business that is owned by Mr. Jake Tyson and his immediate family members. In summary, Jake Tyson® Castor Bean Farms, Inc. will adopt the following strategies in marketing our castor bean (castor oil plant) farm produce; Jake Tyson® Castor Bean Farms, Inc. is in the commercial castor beans (castor oil plants) farming business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives. If YES, this article gives a sample of a castor farming business plan template & FREE feasibility report. 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. An Economic Evaluation of Castor Farming : Ricinus communis: A Potential Viable Biodiesel Feedstock. The seed also contains ricin, a water-soluble toxin, which is also present in lower concentrations throughout the plant. 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. With this, we will be able to take advantage of all the available opportunities within the industry. 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. 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. A business plan is not some rigid rule-setting standard that must be set in stone. Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business. Castor bean farming is known to be a profitable business and over the years, it has evolved from small scale to a global industry in most countries where it’s carried out. 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. The farm cum business will be fully and single handedly financed by Jake Tyson and his immediate family members. Our weakness could be that we are a new castor bean (castor oil plant) farm in the United States, and perhaps the fact that we decided to diversify our farming activities could count against us initial. Castor Farming. Responsible for financial forecasting and risks analysis. Jake Tyson® Castor Bean Farms, Inc. is well positioned to become one of the leading castor beans (castor oil plant) farms in the United States of America, which is why we have been able to source for the best hands and farm machineries to run the farm with. So it’s important to prepare as much as you can. Botanical Bounty Executive Summary Opportunity Problem. More so, your strategic plans will help you develop a mission statement that … You can as well start a complimentary business such as castor oil extraction and processing plant; producing and packaging castor oil et al. 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. 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. It can also be a requirement of securing grants and loans for your farm business. 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. The truth is that it is one of the means of avoiding running into loss. in Agriculture Science from University of Rhode Island. The commissioning and commercial launch next month of Oman’s only sebacic acid production project at the Special Economic Zone (SEZ) in Duqm is set to kickstart the mass farming of castor oil-beans — the primary source of sebacic acid and a host of value-added derivatives. The main advantage of this type of farming is disease 2013 Castor Cultivation Achievement of Linne Co. in Swaziland. Castor can come up well in soils that are not that fertile and soils having less annual rainfall. Your castor seed farming business plan does not only serve as your guide in the course of your business. Below is a sample commercial framing business plan that you can find really useful to draft yours. In view of the above, Jake Tyson® Castor Bean Farms, Inc. have decided to hire qualified and competent hands to occupy the following positions; Castor Bean (Castor Oil Plant) Cultivation Manager/Supervisor, Castor Oil Processing and Packaging Manager/Supervisor, Client Service Executive/Front Desk Officer. This is so because castor oil is used all over the globe for different purposes. 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. The seeds contain between 40 percent and 60 percent oil that is rich in triglycerides, mainly ricinolein. 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. Castor seed is the source of castor oil, which has a wide variety of uses. For example, if the climatic condition is unfavorable and if there are natural disaster in the location where you have your castor bean (castor oil plant) farm, then it will directly affect the harvest of olives and also the prices of your farm produce. 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. 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. 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. We intend growing our business which is why we have perfected plans to build our brand via every available means. It will help you attract investors and source … 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. Introduce our business by sending introductory letters alongside our brochure to stake holders in the agriculture industry and production companies that rely on supply of castor beans (castor oil plants) and castor oil as raw materials and castor oil processing plants et al. Project Type: Castor beans farming/ contract farming/ trading / extraction plant. Customers want to have natural and plant alternatives to medication. Account details: Alaegbu Michael, Account Number: 0241203999. 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. Castor Oil Extraction, Processing and Packaging Plant Manager. Castor bean (castor oil plant) farmers are typically niche farmers, operating on small farm land with no more than a few hundred trees. We know that if 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. 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. Castor Business Plan - En - Free download as PDF File (.pdf), Text File (.txt) or view presentation slides online. These are the areas we will concentrate on in our castor bean (castor oil plant) farm. 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. Castor bean or castor oil plant which is known as Ricinus communis is a species of perennial flowering plant in the spurge family, Euphorbiaceae. 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.
2020 castor farming business plan