CASSAVA
FARM PRODUCTION BUSINESS PLAN AND FEASIBILITY STUDY FOR AKWA CROSS MULTIVENTURE
LIMITED, AKWA
EXECUTIVE
SUMMARY:
Akwa Cross Multiventure
Limited is a company based in Akwa, Nigeria, that specializes in the production
and distribution of agricultural products. The company intends to venture into
the cassava farming business to take advantage of the high demand for cassava
products in the local and international markets.
This business plan and
feasibility study outline the steps necessary to launch and operate a
successful cassava farm. The study includes an analysis of the cassava farming
industry, the potential market for cassava products, and a financial analysis
of the project.
INDUSTRY
ANALYSIS:
The cassava farming
industry is a viable and profitable venture in Nigeria. Cassava is a staple
food in Nigeria and is used to make a variety of products such as garri, fufu,
and cassava flour. The demand for cassava products is high, and there is a growing
market for cassava products in international markets. The industry is
relatively easy to enter, and there are government incentives and subsidies
available for farmers.
MARKET
ANALYSIS:
The potential market for
cassava products is vast, both locally and internationally. The local market
for cassava products includes households, restaurants, and small businesses.
The international market includes companies that produce cassava-based
products, such as starch and ethanol. The company will focus on producing high-quality
cassava products to meet the demand of the local and international markets.
PRODUCT
DESCRIPTION:
The company will produce
high-quality cassava products such as garri, fufu, and cassava flour. The
production process will include land preparation, planting, weeding,
harvesting, and processing. The cassava farm will initially cover a total of 50
hectares of land, with the potential for expansion in the future.
MARKETING
AND SALES:
The company will market
its products through various channels, including social media, print media, and
referrals. The company will establish partnerships with local distributors and
export agents to reach international markets. The sales team will focus on
building long-term relationships with customers, providing quality products,
and excellent customer service.
OPERATIONS:
The cassava farm will
require various equipment, including tractors, harvesters, and processing
machines. The company will invest in modern technology to ensure efficiency in
the production process. The farm will employ skilled workers to manage the
day-to-day operations of the farm.
FINANCIAL
ANALYSIS:
The total investment
required to start the cassava farm is estimated at NGN 25,000,000, which
includes land acquisition, equipment purchase, and operational expenses for the
first year. The company will generate revenue from the sale of cassava
products, with an estimated revenue of NGN 15,000,000 in the first year of
operation. The company expects to break even in the second year and achieve a
net profit of NGN 7,500,000 in the third year of operation.
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