Download this comprehensive pig farming business plan in Nigeria to get a financial loan from CBN, NIRSAL, BOI, and future predictions.
Are you aware that pigs have one of the highest reproduction rates of all animals?
Rearing pigs is a very profitable business, and that’s because they can give birth to as much as 15 piglets at once. They also have rapid growth, and there’s a huge demand for pork meat in almost all countries. The countries that don’t really eat pork meat are the ones that practice a religion that forbids the eating of pork meat.
Pig farming is very profitable, and if you decide not to do it anymore, you can dive into real estate, making use of your pig farm as your initial construction site.
WHAT MAKES UP A GOOD PIG FARMING BUSINESS PLAN?
Our vision statement
Our mission statement
Our business structure
Our target market
Our competitive advantage
Sales and marketing strategy
Financial projections and costing
Sources of startup capital
DOWNLOAD THIS STANDARD PIG FARMING BUSINESS PLAN
A typical pig herd contains the boar (males), the sows (females), and the farrows or piglets (little pigs). There’s a high tendency of you getting over 200 piglets annually, even if you have a small heard. That’s a tremendous amount of money if you’re able to grow the pigs to the right size, then sell them.
In most cases, farmers are faced with the difficulty of picking the best animal they’d like to rear. That’s because there’s just a lot to pick from, such as goats, fishes, poultry, pigs, etc. If you have this challenge, we’ve compiled some of the reasons you should opt for pig farming, and they include:
Their mortality rate is low compared to other animals: They’re easier to raise and rugged. They can also live quite comfortably without water nor for days.
It is also inexpensive to raise pigs compared to poultry or fishes: That’s because they’re able to eat almost all foods that are consumed by humans. Even if you’d want to buy their feeds, theirs is cheaper compared to that of other animals. If you don’t have much cash for fancy pig feed, you can always feed them with stuff you find around you, such as food wastes. It’s entirely impossible to feed these to fishes.
You’d also not have to worry about pig theft, and that’s because almost everyone wouldn’t touch live pigs using a pole of 6-feet.
They have higher immune systems compared to other animals: In as much as you provide them with the necessary vaccines frequently, they’d not fall ill. We can’t say the same with poultry that is likely to be wiped out in a single fell swoop by any disease outbreak.
Any Pig farming business model is dependent on a lot of factors, and all of them combine to give a definition to your business model’s scope. If your business is looking for financing from investors or banks, the business model will likely highlight some particular elements like the equipment and land already acquired, your management team’s expertise, and also the manner that you’ll sell the pigs. Mostly, meat is sold directly to large processing operations or butchers. Nevertheless, some pig farms will likely opt to process the meat further to be sold directly to large wholesalers or supermarket chains.
A pig farm’s operation model is crafted to communicate and structure the way the facility will operate. The number of individuals required to directly manage the operation, management policies, and payroll-related expenses need to all be refined prior to the facility becoming operational. We’ve worked with a lot of pig farmers in the past, so we can assist your management team in planning for the inception and growth of the pig farm’s operation into the market. We know the best practices of pig farming, and we will use that in creating a profitable operation from the start.
A pig farming business plan financial projection includes the entire financial statements, and also custom analysis for further understanding of the profit expectations and the risk. With our standard business plan, we will work with your management team to know the financial inputs like the anticipated market price and the cost of raising every pig. It can also work in determining the large overhead expense like asset depreciation, payroll, and even the capital cost from bank loans. The combination of these financial metrics with the financial projections is used to assist in communicating the profitability of your pig farm to 3rd party investors and help your management team in the process of making decisions. The company combines its financial forecast assumptions via its historical industry experience of 3rd party market research data, comparable farms, and also your company’s specific circumstances.
- Break-even analysis
- Profitability analysis
- Competitive analysts.
How To Download This Complete Pig Farming Business Plan In Nigeria
Above is a part of the Pig Farming business plan in Nigerian. In case you the complete business plan, follow the procedures to download the complete plan.
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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)
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