Looking to download a cassava farming feasibility analysis in Nigeria for grants, loans such as CBN, NIRSAL, BOI and other institutions?
Why Start a Cassava Farming Business?
Do you know one of the main raw materials and ingredients used to make alcoholic drinks is cassava?
For most Africans, it is also a significant source of carbs. Cassava is a root that may be used to make biofuel, animal feed, laundry starch, and medicines. It can be grown in many countries, which is fantastic news.
Cassava farming is a well-known profitable enterprise that, in the majority of the nations where it is practiced, has grown from a localized activity to a worldwide industry over time. The good news is that if you’re thinking about beginning a commercial cassava venture you can’t go wrong. This is so that both people and cattle may consume cassava in various ways.
COST OF SETTING UP A CASSAVA PROCESSING PLANT IN NIGERIA
Setting up a cassava processing plant in Nigeria can be a profitable business venture. However, the cost of setting up the plant depends on various factors, including the size of the plant and the type of equipment and machinery needed. Here’s a breakdown of the estimated cost of setting up a cassava processing plant in Nigeria:
Land acquisition: The cost of acquiring land depends on the location of the plant. The cost of land can range from ₦500,000 to ₦2,000,000.
Factory building: The cost of constructing a factory building depends on the size of the plant. The cost can range from ₦5,000,000 to ₦20,000,000.
Machinery and equipment: The machinery and equipment needed for cassava processing include peelers, graters, pressers, dryers, and milling machines. The cost of machinery and equipment can range from ₦10,000,000 to ₦50,000,000.
Raw materials: The cost of raw materials, including cassava roots, can vary depending on the location and season. On average, the cost of cassava roots can range from ₦5,000,000 to ₦20,000,000.
Labor: The cost of labor depends on the size of the plant and the number of employees needed. On average, the cost of labor can range from ₦1,000,000 to ₦5,000,000.
Utilities: The cost of utilities, including electricity and water, can vary depending on the location and usage. On average, the cost of utilities can range from ₦500,000 to ₦2,000,000.
Licensing and registration: The cost of licensing and registration depends on the type of business and location. The cost can range from ₦500,000 to ₦2,000,000.
Miscellaneous expenses: This includes expenses such as transportation, insurance, and marketing. The cost of miscellaneous expenses can range from ₦500,000 to ₦2,000,000.
In summary, the estimated cost of setting up a cassava processing plant in Nigeria can range from ₦23,000,000 to ₦101,000,000. However, it is important to note that the cost can vary depending on the location, size of the plant, and other factors. A feasibility study should be conducted to determine the specific cost of setting up a cassava processing plant in a particular location in Nigeria.
CASSAVA PROCESSING FEASIBILITY STUDIES SAMPLE
1.0. Executive Summary
The registered business farm David Bolatito Cassava Farms, Inc. will have its headquarters in the suburbs of McMullen, Texas, in the United States. In order to start our commercial cassava farm, we were able to secure a well-located and suitable farmland after conducting extensive market research and feasibility studies.
As a standard farm, our commercial cassava farm will be engaged in the production of laundry starch, animal feed, and commercial cassava. Both organic and non-organic commercial cassava growing will be a part of our activities.
We are in the commercial cassava farming business because we want to take advantage of the numerous opportunities offered by the commercial farming sector to contribute our fair share to boosting the American economy, supplying the country with food, producing industrial raw materials, exporting American agricultural products to other nations, and more.
2.0. Our Products and Services
A premier commercial farm, David Bolatito Cassava Farms, Inc. is dedicated to producing both organic and non-organic cassava for the domestic market as well as the international market. We are in business to produce food and raw materials in industrial numbers for individuals and other businesses. As part of our complementary company, we’ll also make sure to run a typical cassava processing and packaging facility (producing laundry starch and animal feed).
We are in this line of work to earn money, and we will make sure that we do everything that is permitted by American law to accomplish our corporate aims and objectives. We will focus on these regions in our industrial cassava farms. We will undoubtedly plant related crops if necessary;
- production of animal food and laundry starch
- cultivation of a variety of organic and non-organic cassava variants
3.0. Our Mission and Vision Statement
- A top-tier commercial cassava farm, David Bolatito Cassava Farms, Inc. cultivates cassava in large quantities for the production of laundry starch and animal feed for both the domestic and global markets. We wish to fill every crevice of the United States and other nations with our expertly packed animal feed and laundry starch.
- Our Vision is to establish ourselves as a top brand for the manufacture of animal feed, laundry starch, and commercial cassava farms, both domestically and internationally.
4.0. Our Business Structure
In order to compete well with other top commercial cassava farms in the commercial agricultural sector both in the United States and internationally, David Bolatito Cassava Farms, Inc. plans to start small in McMullen, Texas, but eventually wants to develop significantly.
We are conscious of the significance of creating a strong organizational foundation that can support the vision of the type of world-class company we want to own. We are devoted to only employing the greatest workers in and around Texas because of this.
David Bolatito Cassava Farms, Inc. has chosen to engage experienced and capable workers to fill the following roles in light of the aforementioned;
- Chief Operating Officer
- General Farm Manager
- Cassava Cultivation Manager/Supervisor
- Field Employees
- Front Desk Officer
- Laundry Starch and Animal Feeds Production Plant Manager
- Sales and Marketing Executive
5.0. SWOT Analysis
Because David Bolatito Cassava Farms, Inc. does not want to learn by doing (Trial and Error), a comprehensive SWOT analysis must be done. We are aware that if we do it right from the start, we will have succeeded in laying the groundwork for us to establish a leading-edge commercial cassava farm that will successfully compete with those in the United States of America.
An overview of the SWOT analysis findings for David Bolatito Cassava Farms, Inc. is provided below;
As a commercial cassava farm, we are strong because we enjoy good ties with many key participants in the sector, including buyers and suppliers both inside and outside of the United States (agricultural merchants and manufacturing firms that deal in cassava).
One of our weaknesses may be the fact that we are a new commercial cassava farm in the US and that cassava farming is not a common business in the country. We are producing laundry starch and animal feed because we are aware of this and believe that with time, we will be able to overcome this weakness and transform it into a significant benefit for the company.
6.0. MARKET ANALYSIS
One of the prevalent trends in the commercial cassava farming sector is that the majority of industry participants are no longer focusing only on non-organic cassava cultivation. They now find it simpler to manage both non-organic and organic cassava crops. Despite the fact that organic food is more expensive, its sales are on the rise and it is lucrative.
Although commercial cassava farming has been practiced since the dawn of time, this fact in no way indicates that the market is oversaturated; instead, commercial cassava farmers are constantly looking for ways to improve the cultivation, storage, and processing of the crop. Mechanized farming has also increased the amount of food produced.
Above is a part of the cassava farming feasibility analysis. Read below for the next stage.
How To Download The Cassava Processing Feasibility Studies Template PDF and Doc
Above is a part of the CASSAVA FARMING FEASIBILITY ANALYSIS in Nigeria. In case you need the complete study, follow the procedures to download it.
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