Scribd
Upload
14 views

CROP FARMING FEASIBILITY STUDY

The Green Harvest project aims to cultivate high-quality crops such as palm oil, cocoa, and Shea butter in Kwara State, Nigeria, with a target of generating $5 million in annual revenue and creating 50 jobs. The project will utilize modern farming techniques and sustainable practices on a 100-hectare farm, with a focus on effective marketing strategies for local and export markets. A funding request of $2 million is sought to cover start-up costs, with a projected break-even point of 5-6 years.

Uploaded by

Adisa Abdulrasaq
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
14 views

CROP FARMING FEASIBILITY STUDY

The Green Harvest project aims to cultivate high-quality crops such as palm oil, cocoa, and Shea butter in Kwara State, Nigeria, with a target of generating $5 million in annual revenue and creating 50 jobs. The project will utilize modern farming techniques and sustainable practices on a 100-hectare farm, with a focus on effective marketing strategies for local and export markets. A funding request of $2 million is sought to cover start-up costs, with a projected break-even point of 5-6 years.

Uploaded by

Adisa Abdulrasaq
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Executive Summary

Our proposed crop farming project, Green Harvest, aims to cultivate and market high-quality crops,
leveraging the fertile soil and favourable climate of our region. We will focus on growing palm trees,
cocoa nuts, Ogbono, Shea butter trees, and bitter kola trees, utilizing modern farming techniques
and sustainable practices.

Project Objectives

1. Achieve an average annual yield of 10,000 tons of palm oil, 5,000 tons of cocoa beans, 2,000 tons
of Ogbono seeds, 1,000 tons of Shea butter nuts, and 500 tons of bitter kola nuts.

2. Generate $5 million in annual revenue.

3. Create employment opportunities for 50 local residents.

4. Promote sustainable agriculture practices.

Project Location

Our farm will be located in Ifelodun Local Government of Kwara State, Nigeria, covering an area of
100 hectares.

Climate and Soil

The region has a favourable climate for crop farming, with an average annual rainfall of 1,500 mm
and a temperature range of 20-30°C. The soil is fertile, with a pH range of 6.0-7.0.

Crops to be Cultivated

1. Palm Trees (Elaeis guineensis)

2. Cocoa Trees (Theobroma cacao)

3. Ogbono Trees (Irvingia gabonensis)

4. Shea Butter Trees (Vitellaria paradoxa)

5. Bitter Kola Trees (Garcinia kola)

Production Plan

1. Land preparation: Clearing, plowing, and harrowing.

2. Planting: High-quality seeds will be planted at the optimal time.

3. Irrigation: A drip irrigation system will be installed to conserve water.

4. Fertilization: Organic and inorganic fertilizers will be applied as needed.

5. Pest and disease control: Integrated pest management techniques will be used.

Marketing Strategy

1. Local markets: We will supply fresh produce to local wholesalers, retailers, and consumers.
2. Export markets: We will explore export opportunities for our palm oil, cocoa beans, and Shea
butter, bitter kola and Ogbono.

3. Processing: We will establish a processing facility to produce palm oil, cocoa butter, and Shea
butter.

Financial Projections

1. Start-up costs: $2 million (Land acquisition = $1m, Equipment = $0.5m, Seeds = $0.2m, and labour
= $0.3m).

2. Operating costs: $1 million for Three year moratorium period to cover Admin , Account, labour,
Insurance, marketing, and overheads).

3. Revenue: $5 million per annum after moratorium.

4. Three (3) years Moratorium.

5. Break-even point: 5-6 years.

Management Team

1. Project Manager: [Name], with 10 years of experience in crop farming.

2. Farm Manager: [Name], with 5 years of experience in farm management.

3. Marketing Manager: [Name], with 5 years of experience in agricultural marketing.

Funding Request

We are seeking $2 million in funding to support the start-up costs of our project. This funding will be
used to purchase equipment, Seeds, input, chemicals and cover initial operational expenses as land
has been acquired.

Conclusion

Our proposed crop farming project, Green Harvest, is a viable and profitable venture that will
contribute to the growth and development of our local economy. We believe that our project has
the potential to create jobs, generate revenue, and promote sustainable agriculture practices.

Appendices

1. Resumes of management team members

2. Land acquisition documents

3. Equipment purchase quotes

4. Market research reports

5. Financial statements
This feasibility study provides a comprehensive overview of our proposed crop farming project,
including our objectives, production plan, marketing strategy, financial projections, and
management team. We believe that this study demonstrates the viability and potential of our
project, and we look forward to the opportunity to discuss our proposal in further detail.

The breakdown of the Funding Requirements for the farm projects are:

1. Land acquisition and site clearing: $500,000

2. Farm Implement and Equipment purchase: $300,000

3. Seeds and inputs: $200,000

4. Labor costs: $300,000

5. Marketing and overheads: $200,000

6. Contingency fund: $100,000

Assumptions and Risks

1. Climate change and weather-related risks

2. Market fluctuations and price volatility

3. Disease and pest outbreaks

4. Labor shortages and industrial disputes

5. Equipment failure and maintenance costs

We have developed strategies to mitigate the above risk identified, including crop insurance,
diversification, and contingency planning.

You might also like