Contents

PIG FARMING.......................................................................................................................................3
Executive Summary............................................................................................................................3
Market Survey ....................................................................................................................................3
Business structure of Victory City Farms; .........................................................................................4
Roles and Responsibilities ................................................................................................................. 6
MARKET ANALYSIS .......................................................................................................................9
Market Trends ....................................................................................................................................9
Our Target Market ............................................................................................................................1 0
SALES AND MARKETING STRATEGY..........................................................................................1 2
Competitive Analysis........................................................................................................................1 3
Competitive Advantage ...................................................................................................................1 4
BREEDING .........................................................................................................................................1 4
Grower Phase: 20-50 kg....................................................................................................................1 5
Finisher Stage: 50 -75 Kg ................................................................................................................1 5
Piglets ...............................................................................................................................................1 5
FEEDING .............................................................................................................................................1 7
PUBLICITY AND ADVERTISING STRATEGY..............................................................................1 7
SOURCES OF INCOME..................................................................................................................... 18
FINANCIAL PROJECTIONS AND COSTING .................................................................................1 9
A: RECURRENT EXPENDITURE FOR THE FIRST SEVENTEEN MONTHS ........................ 19
INCOME ANALYSIS FOR THE FIRST TWELVE MONTHS ....................................................2 0
Sensitivity Test and Risk Analysis ...................................................................................................2 1
B: CAPITAL EXPENDITURE.........................................................................................................2 3
ESTIMATE COST OF BUILDING TEN PENS ............................................................................2 5
Handling Major Problems.....................................................................................................................2 6
Conclusion
PIG FARMING

Executive Summary
This Business Plan is in respect of a Planned Private Pig Husbandry at Akure
North Local Government Area, Ondo State, and was made for investors who
are
interested in expanding the level of returns on the proposed pig Husbandry
I am proposing Funso Kolade Farm which will be a licensed Agro - allied
companythat is to be based at Akure North LGA, Rivers State, Nigeria. I have
played a crucial part in doing the detailed market research and feasibility studies
and I am planning to secure some plots of land to start off. I choose pig
husbandry business because I want to leverage on the vast opportunities
available in the industry, to contribute my quota in growing the Nigeria
economy, in national food production, raw materials production for industries,
to export from the Nigeria to other countries and over and above all to
make
profit.

Market Survey
The agricultural sector of which livestock farming or better still pig farming is
a part of, no doubt among the leading industry in most countries of the world; it
is the industry that produce food for the populace and of course raw materials
for industries. Because of the significant role the agriculture sector plays,
the government of most countries ensures that they go all the way to
subsidize seedlings, fertilizers, and farming implements and machinery for
farmers and also encourage entrepreneurs togo into various kind of farming
including pig farming. There are several business opportunities available in the
agricultural industry cum livestock industry and one good thing about the
industry is that there is market for all the produce from the industry. Pig
farming is of course a thriving and profitable business because of the
nutritious value of pig meat (pork) and other
byproducts from pigs. The livestock production industry includes companies
that
mainly provide support services for raising livestock. Livestock is a term used to
describe domestic animals, such as cattle, pigs (swine, hog, grunter, squealer),
goats, horses, poultry and sheep et al which have been domestically raised for
meat, milk, wool and work. Other services in the livestock production industry
include breeding services and vaccination et al.
The Livestock Farming industry of which pig farming line of business is apart
of is indeed a large industry and pretty much active in countries such as
United States of America, Israel, Brazil, China, Germany, Argentina and Nigeria
et al. It is a fact that there is no single livestock farming company cum pig
farming business that has dominate market share in the industry hence smaller
pig farming business can successfully compete in the industry and still make
appreciable
profits.

Our Services
Kolade Funso Farms will be an agro - allied company that is committed to
breedingand production of pigs for slaughter and sale. We will be in business
to
produce food and raw materials for industries in commercial quantities.
Our Vision Statement
Our Vision is to become one of the leading Pig farm brands not just in
Nigeria but also on the global stage and ensure effective and efficient
production and
distribution of meat at affordable prices.

Business structure of Funso Kolade Farms;

. General Farm Manager

. Administrator / Accountant
. Pig Pen Manager / Supervisor
. Vet
. Pen Attendant
. Security
 General
Manager

Professional
Consultants

Pig Pen Administrator/

Manager/ Accountant
Supervisor

Pen Attendant Security

Vet
Roles and Responsibilities

General Farm Manager

. Responsible for the planning, management and coordinating all

farm activities across the various sections on behalf of the
organization

. Supervises other managers

. Ensures compliance during project executions
. Provides advice on the management of farming activities across all section
. Responsible for carrying out risk assessment
. Responsible for overseeing the accounting, costing and sale of
farm produce

. Represents the organization’s interest at various stakeholders’ meetings

. Ensures that farming goals desired result are achieved, the most
efficient resources (manpower, equipment, tools and chemicals et al) are
utilized and different interests involved are satisfied. 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

. Together with the Accountant Handles all financial transactions for

the company

. Defines job positions for recruitment and managing interviewing

process
. Carries out staff induction for new team members
. Responsible for training, evaluation and assessment of employees
. Oversees the smooth running of the daily farming activities.

Administrator / Accountant

. Defines job positions for recruitment and managing interviewing

process
. Carries out staff induction for new team members
. Responsible for training, evaluation and assessment of employees
. Responsible for preparing financial reports, budgets, and
financial statements for the organization
 . Works closely with the General Manager
. Responsible for financial forecasting and risks analysis.
. Responsible for developing and managing financial systems and
policies
. Responsible for administering payrolls
. Ensures compliance with taxation legislation
. Handles all financial transactions for the company
. Serves as internal auditor for the company

Pig Pen Manager / Supervisor

. Responsible for managing the pigpens

. Supervises other workers within
. Works closely with the General Manager to achieve the
organizations’ goals and objectives

Pen Attendant

. Responsible for feeding the pigs as instructed by the supervisor

. Responsible for cleaning the pigpen regularly
. Changes the water meant for the pigs as instructed by the supervisor
on a regular basis

. Handles pen installations

. Handles Weeding and/or pest control application
. Handles farm implements and machines as instructed by the
manager / supervisor
 . Assists in slaughtering of pigs
. Carries out task in line with the stated job description
. Assists in transporting working tools and equipment from the farm
and back to the designated store room

. Handles any other duties as assigned the manager

Vet
. Disease prevention and control:
. Diagnosis and treatment:
. Routine health checks:
. Nutritional advice:
. Reproductive management:
. Welfare assessment:

. Strength:

Our strength as a commercial pig farm company is the fact that we have
healthy relationships with major players (agriculture merchants) in the
agriculture and
livestock industry; both suppliers and buyers within and outside of Rivers State.

. Weakness:

Our weakness could be that we area new pig farm in the Nigeria, and perhaps
the fact that we decided to start as a commercial pig farm could count
against us initially. 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.

. Opportunities:

The opportunities that are available to us cannot be quantified, as we know that

there are loads of homeowners, and industries that will source for our
livestock produce and also industries that will source for the raw materials from
our farms
both in Rivers State and other parts of Nigeria.
 . Threat:

Some of the threats and challenges that we are likely going to face when we
start our own commercial pig farm are global economic downturn that can
impact negatively on household spending, bad weather cum natural disasters
(draughts, epidemics), unfavorable government policies and the arrival of a
competitor (a commercial farm that rear same animal as ours) within the same
location. There is hardly anything we can do as regards this threats and
challenges other than to
be optimistic that things will continue to work for our good.

MARKET ANALYSIS

Market Trends

One of the common trends in the commercial livestock farming industry cum
pig farming line of business is that most players in the industry are no
longer concentrating only on farming a particular species of livestock or just
livestock / pig farming alone. They now find it easier to run both livestock
farming and crop cultivation. Some even go ahead to include meat processing
and packaging business alongside theirproduct offerings; it helps them
maximize profits in the
agriculture industry.

Despite the fact that commercial pig farming / livestock farming has been in
existence since time immemorial, that does not in any way make the industry to
be over saturated; commercial pig farmers are now exploring new technology to
continue to improve pig farming processes and also meat preservation and
packaging process. The fact that there is always a ready market for
commercial
pig farming makes the business ever green.

As a matter of fact, one of the new trends in livestock farming industry is that
with the recent advancement in technology livestock farmers can now improve
the various breeds of the animals they are breeding. It is now easier for
livestock farmers to comfortably import the kind of breed of domestic animal
they want to breed from any country of their choice and also advancement in
technology has
made it easier to cross - breed different species of animal.
Our Target Market

Naturally, the target market of those who are the end consumer of commercial
pig / livestock produce and also those who benefits from the business value
chain
of the agriculture industry is all encompassing; it is far - reaching.

Local consumer in Idanre and Ondo west LGA of Ondo State will be en
couraged through proper marketing technique using our point on purchase sales
outlet. These consumers buy pork in the market for consumption. Through
proper
marketing strategy, these customers will be encouraged to buy our products.

Pig farmers in the state who need boar, piglets or sows are our targeted
customers. They may want to buy a boar, piglets or in- sows (pregnant pigs) for
their farms. All pig farmers in the state will be located and visited and how to
sell
products to them when they need them will be strategized

Public markets are places where our customers may want to come and buy our
product. Sellers of pork are also our targeted customers.

Abattoir and meat processing companies are our targeted market. Our product
will be sold to them for further processing.

Food processing and packaging companies like Shoprite Akure and other
food packaging companies in the state, eateries, restaurants and hotels are also
our targeted customers. These companies will be encouraged to put pork in their
menu, and will be sold to customers. A very good marketing strategy will be
employed

We will ensure that we position our business to attract consumers of livestock

produce not just in Ondo State alone but also other parts of the country which
is why we will be exporting some of our farm produce either in live or
processed
form to other States.
SALES AND MARKETING STRATEGY

We are quite aware that the reason why some pig farms hardly make good
profits is their inability to sell off their livestock at when due. In view of that, we
decided to set up a standard pork processing plant to help us maximize profits.
Over and above, we have perfected our sale and marketing strategies first by
networking with agriculture/livestock merchants and companies that rely on
raw materials from the agriculture/livestock industry who are likely to
later become our
customers.

In summary, kolade Funso Farm will adopt the following strategies in

marketing our pig farm produce;

. Introduce our business by sending introductory letters alongside our

brochure to stakeholders in livestock industry, companies that rely on
the agriculture/livestock industry for their raw materials, hotels and

restaurants and livestock produce merchants, amongst others.

. Advertise our business and produce in agriculture/livestock and
food related magazines and websites

. List our farm on Agricultural related ads

. Attend related agriculture and food expos, seminars, and business fairs
 Competitive Analysis
My Strength My Weakness Competitor A Competitor B Importance to
Weakness
Factor Weakness Customer
Products Meat Packaged New in business Not Packaged Not packaged Will appreciate
packaging

Fair price based Customer don’t Pricing by sight Pricing by sight Appropriate
on weighed know much about not by weight not by weight measurement for
Price products price
me

High quality Meat produced Meat contain fat Meat contain fat Fat is a loss to
meat without at higher cost because the big because the big customer. They
Quality fat will like my
size. size.
products

We produce in Higher cost of They produce They may not Our customers
high quantity. keeping in small satisfy their like us because
Reliability inventory. quantity customers. we meet their
(Local farmers) need.
Stability and - - They like stability
continuity.
Stability

Experts are They employ They employ low Quality products

employed low quality quality labor. are patronized by
Expertise labor. customers

Company Will build - - - Customer

customer trust and like trust and
Reputation reputation will patronize
us
Close to the road Are located Are located Lesser cost for
and market, easy in places close in places close our customers to
Location
access to feed to residential to residential reach us.
areas areas

Good looking Produce Pigs that Produce Pigs that Quality sells itself
products may not be of may not be of to our customers.
Appearance (pigs) higher quality higher quality They like good
standard standard looking pigs.
Competitive Advantage
I will weigh my life pigs and package my processed products. My product will
not contain much fat. This is to show that they are of higher quality than that
of my competitors. Farmers of pig, cattle, sheep and goat have been in the
market before me but they do not weigh their product before selling. My product
will be weighed to give the customer the value to his or her money they
deserve. These farmers do not process and package their product. They sell
live pigs. With my additional processing facility, more customers will come
and buy from me in other to reduce the stress of butchering and processing.
Sellers of meat expose their product; my sales outlet will sell packaged products
thereby penetrating the market and taking advantage of their weak points. This
is an advantage to me. For product like beef, goat, sheep and poultry meat,
they are more expensive when comparing the quantity and content of the
product. My product will take advantage of this, because it is cheaper to
produce higher quantity at lesser price
compared to poultry, cattle and goat and sheep.

BREEDING

We will select animals that are proven superior to their contemporaries because
we know that if gilts are not managed properly when they arrive, wastage can
be
high, which can be expensive and disrupt breeding programs.

We propose a max of 3 0 Gilts 5 0 Growers sourced from a genetically superior

stock at take off time. The boars among the growers will be castrated and
separated from the sows. However, three boars will be used for crossing the
gilts
as soon as they come on heat.
Grower Phase: 20-50 kg

Management practices during this period are aimed at fast economical growth
of pigs and for this reason feeding is on a generous scale to achieve quite
heavy
weights in pigs.

Reducing stress during this period is critical. Overcrowding in particular causes

high stress factors, which depress the efficiency of food utilization, limit
growth
rate and cause unevenness of growth.

Finisher Stage: 50 -75 Kg

When growers attain 50kg live weight, the gilts would have come on heat the
second time at which stage they can be crossed/mated with a boar.

These gilts, when mated with the boars available, will take 1 1 4 days for the
sows to farrow. All things being equal, 30 in pigs should farrow an average
of 180
piglets considering mortality.

Though, they normally farrow between 5 and 12 piglets. However, during the
pig’s gestation period of three months, three weeks and three days, we will
keep fattening the other growers for sale in the week we expect the in pigs to
begin farrowing. This is to create room for the pigs to farrow. We project that at
the end of the first four months 50 Castrates/Sows at a targeted weight of 75kg
should be
offered for sale.

Piglets

The newborn piglets have no protective immunity at birth and it relies on the in
take of colostrum’s for the transfer of passive immunity from the sows This
immunity lasts for 10- 14 days, but the piglet’s own system does not start
to
develop until it is 21-28 days of age during this period, the baby pig’s digestive
system is geared to handle a milk-based diet. Therefore, piglets weaned at less
than 28 days are at risk because their ability to resist a disease challenge is at its
lowest. As the piglet matures so does its enzyme system. Therefore, pigs
weaned after 28 days of age are more capable of handling non-milk
carbohydrate and
protein.

Weaning is a stressful experience for young piglets, affecting them both socially
and physiologically. However, high standards of management can dramatically
reduce post-weaning losses and improve growth rates by moderating the stress
of weaning. The shorter the suckling period, the more sophisticated the
housing,
feeding and management skills required to raise the piglets.

Therefore, we adopt Conventional weaning: 5- 10 kg liveweight (LW) (5-6

weeks of age). At this age, pigs are of a size and agetofend for themselves under
average farm conditions. It must be known that age of weaning is an integral
part of the breeding program and to reduce weaning age will involve changes in
the mating and farrowing programs. It is uneconomical to feed the piglets via the
sow’s milk
beyond six weeks.

However, in order to maintain piglet growth rates, they must receive additional
feed. Fortunately, by this age and weight, pigs are becoming accustomed to dry
feed and can better adjust to temperature changes and stress. However, a high
standard of hygiene must still be maintained. Where a suitable environment
can be maintained and producers have the expertise, they can progressively
reduce the weaning age to a point where they feel they can still gain the
necessary benefit
of the pigs undergoing an earlier weaning.
FEEDING

Diets fed during this period are termed -medium density. Pigs differ widely
in their response to various diets and general recommendations are inappropriate
for any individual set of circumstances. Nutrient requirements vary according to
the
genetic quality and sex of the pig and the surrounding environment.

PUBLICITY AND ADVERTISING STRATEGY

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 (conventional and non – conventional means) to advertise and
promote the business. We intend growing our business which is why we have
perfected plans
to build our brand via every available means.

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 pig farm business.

Below are the platforms we would leverage on to boost our pig farm brand and
to promote and advertise our business;

. Encourage our loyal customers to help with Word of Mouth mode

of advertisement (referrals)

. Advertise our Pig farm business in relevant magazines (agriculture and

food related magazines), local newspaper, local TV stations and local
radio station
. Promote our Pig farm business online via our official website
. List our commercial farm business on local directories (ads)
. Leverage on the internet and social media platforms like; Instagram,
Google Ads, LinkedIn, What’s App, Facebook, twitter, et alto promote
our business
. Employ direct Livestock mailing approach to market our farm
produce (Home delivery)

. Distribute our fliers and handbills in target areas (markets, Restaurants)

at regular interval
FINANCIAL PROJECTIONS AND COSTING

When it comes to calculating the cost of starting the farm, there are some key
factors that should serve as a guide. The different components needed in the
farm
determine the total cost of setting up the farm.

Below are some of the basic areas we will spend our start - up capital;

A: RECURRENT EXPENDITURE FOR THE FIRST SEVENTEEN MONTHS

A PURCHASE OF GROWERS
ESTIMATED EXPENDITURE COST PER UNIT (#) TOTAL COST (#)

NAIRA
Cost Of 30 Gilts 40,000.00 1,200,000.00
Cost of 50 growers 20,000.00 1,000,000.00
2,200,000.00

B FEEDING FOR 8 0 PIGS

PARTICULARS/FOOD ITEMS COST DALIY (#) COST MONTHLY (#)
(30days)
NAIRA
50kg of PKC (18,500 p/ton) 5,000 150,000.00
Blood meal 1000.00 30,000.00
2 0 kg of Bread 1000.00 30,000.00
Premix 500.00 15,000.00
Bone Meal 100.00 3,000.00
1 0 Bags of Brewery Waste 7,000.00 210,000.00
**prices may vary 438,000.00

C MEDICATIONS/SALARIES
PERSONNEL AMOUNT (#)

Salary for Manager 50,000.00

Salary for One Attendant 30,000.00
Medications/Salary for Vet Attendant 20,000.00
Salary for Security 25,000.00
125,000.00
Monthly Feeding/Medical Expenses N127,950.00

i) Feeding and medication for the first 4 months N511,800.00

ii) Feeding 30 sows and 3 boars for the next 2 months N255,900.00

iv) Feeding 30 sows, 3 boars & 30 growers for the next 6 months N767,700.00

(next 12 months) N1,535,400.00

Total Expenditure For 12 Months 2,085,400.00

However, during the pig’s gestation period of three months, three weeks and
three days, the additional 50 growers acquired will be fattened and sold in the
week we expect the in pigs to begin farrowing. This is to create room for the
in pigs to
farrow.

INCOME ANALYSIS FOR THE FIRST TWELVE MONTHS

Fourth Month
50 pigs at a targeted weight of 75 kg each=3750kg

Sales price is N300.00 per kg. N1,125,000.00

Sixth Month
150 weaners @ sales price of N4,000.00 per weaner. N600,000.00

Twelfth Month
*150 weaners @ sales price of N4,000.00 per weaner. N600,000.00
*30 pigs at a targeted weight of 100 kg each=3000kg N 900,000.00
Sales price is N300.00 per kg.
N3,225,000.00
 The sale of weaners will continue for as long as we continue to cross the
existing sows. Meanwhile, the stock of 30 sows with an average weight of
about 100k each will be sold after farrowing twice @ N300.00 per kg =
N900,000.00. However, the thirty weaners set aside from the initial 1 8 0 weaner
farrowed, will be groomed for breeding to replace the old sows sold while yet
having additional thirty weaners, weaned in the twelfth month of operation. This
will be the practice
on a continuous basis until probably a new pen is built for expansion.

SUMMARY OF INCOME & EXPENDITURE FOR THE FIRST

TWELVE MONTHS

FIRST TWELVE MONTHS

MONTH DESCRIPTION EXPENDITURE (#) INCOME BALANCE (#)

NAIRA
0 Initial Capital outlay 3,000,000.00
1 Cost of initial 3 0 Gilts 1,200,000.00 2,550,000.00
1 Cost of 5 0 Growers 1,000,000.00 2,200,000.00
1-4 Feeding & med/ salary for first 4 months 511,800.00 1,688,200.00
4th Sales of 50 pigs 1,125,000.00 2,813,200.00
5-6 Feeding & med/ salary for next 2 months 255,900.00 2,557,300.00
6th Sales of 150 weaners 600,000.00 3,157,300.00
7- 12 Feeding & med/ salary for next 6 months 767,700.00 2,389,600.00
12th Sales of 150 weaners 600,000.00 2,989,600.00
12th Sales of 30 pigs 900,000.00 3,889,600.00

Please note that a further analysis into the successive months will show a huge
increase in the income over expenditure.

Sensitivity Test and Risk Analysis

Our projections are based on estimates and forecasts. However, we have

deliberately built up our expenditure estimates far ahead of income estimates,
to
prove the point that the piggery project is actually very reliable and worthy. The
results of our analysis show that despite our generosity with regards to
expenditure, the Actual Profits, Cash surpluses (Current and cumulative) still
show good returns on investment. We must however point out that if
expenditure growth rate had been slightly lower or pegged to the growth rate in
income, the projected returns would have been much higher progressively
for succeeding months. Generally, in order to prevent a situation where serious
losses can result, we have tried as much as possible to be conservative in our
estimation of income
and generous with our expenditure.

By adopting these rather cautionary measures, our aim is to ensure that the
revenue receipts will eventually match or surpass the projections, while actual
expenditure will also be at par or below our projected figures. Despite the
above precautions, we have still thought it necessary to further adjust our
projections
for unexpected setbacks.

Finally, therefore, we aver that our survey, analysis, projections and calculations
indicate that his investment promises to be remarkably rewarding to the
financiers/investor.

B: CAPITAL EXPENDITURE

. The amount needed to lease a acre of farmland - N400,000.

. The Total Fee for incorporating the Business - N30,000.
. The amount required for preparing the farm land (N60,000)
. The cost for acquiring the required working tools and equipment
etc.- N110,250

N200,000
. The Cost of Launching an official Website - N70,000
. Additional Expenditure (Licenses, Adverts and Promotions etc.) -

N200,000
License

Kolade Funso will apply for all necessary licenses. We plan to register the
company immediately the company is empowered. We plan to complete tax
registration forms and get a tax identification number. We would pay
payroll
taxes, company tax and formalize the business with the government. We will
also
consult professional consultants on how to acquire these licenses.

We will ensure that the following requirements are achieved.

• Licensing and bonding requirements

• Permits
• Health, workplace, or environmental regulations
• Special regulations covering my industry
• Zoning or building code requirements
• Trademarks and copyrights

FARM IMPLEMENTS (VARIABLE COST)

S/No Particulars Qty Unit Price N Total Value N

1. Water Bowls 2 7000 14000

2. Nipple Drinker 10 1000 10000
3. Feeding Trough 10 2000 20,000
4. Packer 10 300 3000
5. Broom/brush 7 200 1400
6. Shovel 4 1500 6000
7. Wheelbarrow 3 15,000 45,000
8. Machete 2 1500 3000
 9. Izal disinfectant 10 200 2000
10. Detergents 10 400 4000
11 Bucket 6 400 2400
12 Weight gauge 2 9500 19000
13 Plastic Tank 1 90,000 90, 000
Total 219, 800

ESTIMATE COST OF BUILDING TEN PENS

S/No Particulars Qty Unit Price N Total Value N

1. Cement 20 12,000.00 240,000.00

2. Stones 2 13,000.00 26,000.00
3. Block 1500 500.00 750,000.00
4. Sand 5 6,000.00 30.000.00
5. Workmanship 50,000.00
6. Labor 20,000.00
7. Zinc 10 20,000.00 200,000.00
8. 2 x 2 Wood 100 400.00 40.000.00
9. 2 x 4 Wood 30 600.00 18,000.00
10. 3 x 4 Wood 20 1200.00 24,000.00
11. Facial Board 30 150.00 12,000.00
12. Nails and Other 200,000.00
Miscellaneous
13. 12mm Steel rod 19 3,000.00 57,000.00
14. Workmanship 30,000.00
Total 1,697,000.00

Going by the report from detailed research and feasibility studies conducted, we
will need a minimum of N7,635,450.00 to start a standard pig farm business.
Basically, the nature of pig farms does not require an office space; most
people
that run commercial farms operate directly from their farms. But we have
decided to open a small liaison office; a place where administrative jobs will
be carried
out.

Handling Major Problems

The following risk will be managed.

1. A key customer cancels a contract to buy my pigs or pork.

2. My sales projections are not achieved.
3. Failure to buy feed from a seller or company due to failure to deliver.
4. Public opinion on pork consumption due to religious, cultural and
socio- economic challenges.

5. Failure to find the trained and experienced labor.

6. Death of my animals in the farm.
7. Disease outbreak which cannot be controlled.
8. Death of piglet during delivery due to complications.
9. Paying my employee too much
10.Hiring friends and family members rather than most qualified candidate.
11.Under estimating cost of project and other costs.
12.Loss of sales.
13.Overlooking competition.
14.Not satisfying my customers.

My policy in handling problem or risks identified above will be to identify and

acknowledge problems promptly and honestly. I plan to put the following
policies into effect promptly if and when the following adverse scenarios
emerge during
my growth program.

The risk of running out of cash: I plan to maintain very frequent monthly cash
flow projections. Forecasts for income, expenses and unanticipated
contingencies will be stated conservatively. Any period of cash deficits
will be remedies
promptly by cutting cost to maintain a positive cash flow and profitability.

Disease outbreak will be handled by the veterinary doctor and appropriate

actiontaken to prevent further outbreak and loss. Death and other related issues
will behandled seriously.

A drop in sales or insufficient sales:

1. I will be prepared to take prompt remedial steps by cutting costs.

2. I will improve every aspect of product value, performance and image
3. I will seek out new ways to expand sales
4. I plan to stick with this specialized business that I know best unless
fatally defective

Dishonestly, theft, shrinkage: I intend to implement policies that have been

proven by business analyst to erode dishonesty.

Business recessions: I am prepared to promptly cut costs to maintain liquidity. I

will also be on the lookout for good business opportunity during periods
of
adversity.

Conclusion
The future of a business lies in the numbers of loyal customers that they have
the
capacity and competence of the employees, their investment strategy and the
business structure. If all of these factors are missing from a business, then it
won’t
be too long before the business close work. One of our major goals of starting
Kolade Funso Farm. Pig farming is to build a business that will survive offits
owncash flow without the need for injecting finance from external sources once
the business is officially running. We know that one of the ways of gaining
approvaland winning customers over is to retail our pigs and other products a
little bit cheaper than what is obtainable in the market and we are well prepared
to surviveon lower profit margin for a while. Funso Pig Farm will make sure
that the right foundation, structures and processes are put in place to ensure that
our staff welfare are well taken of. Our production’s corporate culture is
designed to
driveour business to greater heights and training andre – training of our
workforce is at the top burner. 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 pig
farm;
they will be more committed to help us build the business of our drea