It is very sensitive to high humidity. We will ensure that we maximize the opportunities available to commercial castor bean (castor oil plant) farmers. The main advantage of this type of farming is disease Solomon O’chucks is a Researcher, Prolific Writer and a UNICEF trained & certified Facilitator and Counselor, A Graduate of Morris Cerullor School of Ministry and He Holds a Degree in Personal Development & Science of Success from IIGL Asheville, NC, USA. Jake Tyson® Castor Bean Farms, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Botanical Bounty Executive Summary Opportunity Problem. We have done our detailed market research and feasibility studies and we were able to secure a well – situated and suitable farm land to start our commercial castor bean (castor oil plant) farm. It can also be a requirement of securing grants and loans for your farm business. Factor such as the capacity of castor oil extracting and processing plant you want to own and the size of the castor beans (castor oil plants) farm. It is a means of maximizing profits in the business. Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and companies that rely on castor beans (castor oil plants) and castor oil as their major raw materials. Weoffer to prepare and formulate Castor farming business plan covering theAgronomy, Horticulture, Biology, Engineering, Marketing and Financial aspectsof Castor commercialization. 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 industry; they will be more committed to help us build the business of our dreams. Payment via Point of Sale Machines (POS Machines). They are the sole financier of the business, but may likely welcome other partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources. Our commercial castor bean (castor oil plant) farm is a going to be standard commercial castor bean (castor oil plant) farm hence will be involved in both commercial castor bean (castor oil plant) farm cultivation and castor oil extraction, processing and packaging. Castor oil is a basic ingredient in the production of nylon 11. Castor Farming. No doubt, starting a castor bean farming business comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture. We have been able to critically examine the castor bean (castor oil plant) farm market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. More so, your strategic plans will help you develop a mission statement that … Castor Business Plan - En - Free download as PDF File (.pdf), Text File (.txt) or view presentation slides online. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats. Castor oil and its derivatives have varied applications in the manufacturing of biodegradable plastics, sebacic acid and soaps, making it quite versatile. What is a Third Party Liability Insurance for Skydiving? Jake Tyson® Castor Bean Farms, Inc. is a world class commercial castor bean (castor oil plant) farm that is committed to cultivating castor oil / trees for both the United States’ market and the global market. This is so because castor oil is used all over the globe for different purposes. Duck farm business plan includes population control, duck shelter, equipment, feed, disease control. Introduce our business by sending introductory letters alongside our brochure to stake holders in the agriculture industry and production companies that rely on supply of castor beans (castor oil plants) and castor oil as raw materials and castor oil processing plants et al. In view of that, we decided to set up a standard castor oil processing plant to help us maximize profits. The health and vitamin industry is growing at a very quick pace. Below are the sources we intend exploring to generate income for Jake Tyson® Castor Bean Farms, Inc.; We conducted a thorough market survey and feasibility studies and we were able to discover that the sales generated by a commercial farm depends on the size of the farm, the nature of the commercial farm (whether cattle rearing, poultry farming, fish farming and crops cultivation et al). Castor is indigenous to the southeastern Mediterranean Basin, Eastern Africa, and india, but is widespread throughout tropical regions (and widely grown elsewhere as an ornamental plant). Our vision is to become one of the leading commercial castor beans (castor oil plant) farms and castor oil extracting, processing and packing brand not just in the United States of America but also on the global stage. 2. It is important to state the part of what affect productivity output in this industry is the fact that castor oil seed farming is vulnerable to unpredictable weather conditions, and the demand for high-quality essential oil in key foreign markets will boost exports. As a matter of fact, with the recent advancement in technology, farmers can now comfortably grow crops such as castor bean s(castor oil plants) in a country where such crops can hardly survive. 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 (both conventional and non – conventional means) to advertise and promote the business. Castor Oil Extraction, Processing and Packaging Plant Manager. Ensures that farming goals desired result are achieved, the most efficient resources (manpower, equipment, tools and fertilizers and manures et al) are utilized and different interests involved are satisfied. These are the areas where we intend sourcing for fund for Jake Tyson® Castor Bean Farms, Inc.; N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $350,000 from our bank. Start my business plan. The Ricinus communis biodiesel meets all the three criteria any environmentally sustainable fuel must meet. Leading producing areas are India (with over three-quarters of the global yield), China and Mozambique, and it is widely grown as a crop in Ethiopia. This is because of the importance of starting off well-armed with the basic information that is needed to thrive in this trade. To implement these profit and growth objectives in the Castor Beans Farming and Trading Project the company needs: An initial investment (loan) is required to develop and plant castor beans at 1,500 hectares land and serve as working budget. Farming duck involves meat production or egg production based on the farmer’s requirements. As prices increase with increased demand, castor bean (castor oil plant) farmers will begin to experience revenue growth. Despite the fact that castor beans (castor oil plants) farm has been in existence since time immemorial, which does not in any way make the industry to be over saturated; castor bean (castor oil plant) farmers are exploring new technology to continue to improve the cultivation processes and also castor oil extraction and processing processes; mechanized farming has indeed increased the tons of olives produced by farmers. The seeds from the Ricinus communis Plant contain in excess of 45% oil. Venue: Whatsapp Group. In view of the above, Jake Tyson® Castor Bean Farms, Inc. have decided to hire qualified and competent hands to occupy the following positions; Castor Bean (Castor Oil Plant) Cultivation Manager/Supervisor, Castor Oil Processing and Packaging Manager/Supervisor, Client Service Executive/Front Desk Officer. The Complete Business Summary of Setting up a Castor Farm & Plant. Jake Tyson® Castor Bean Farms, Inc. is a world class castor bean (castor oil plant) farms that is in business to cultivate castor beans (castor oil plant) in commercial quantities and processed castor oil for both the United States market and the international market. We will be running a standard castor oil processing plant with a capacity to export well – branded and packaged castor oil to other countries of the world. Although the opportunity in castor farming business is huge, without your business plan, you may not succeed. It is propagated through seeds in soils that are not fertile and in an area with less rainfall. One thing is certain, the nature of commercial farming makes it possible for farmers to place prices for their farm produces based on their discretion without following the benchmark in the industry. 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Lastly, it is a common trend to find standard castor bean (castor oil plant) farmers run a castor oil processing plant business alongside their farm. Responsible for fixing prices and signing business deals, Responsible for providing direction for the business, Responsible for signing checks and documents on behalf of the company, Evaluates the success of the organization, Responsible for the planning, management and coordinating all farm activities across the various sections on behalf of the organization, Supervise other section managers (castor bean (castor oil plant) cultivation manager and castor oil extraction, processing and packaging manager), Ensure compliance during project executions, Providing advice on the management of farming activities across all section, Responsible for carrying out risk assessment, Using IT systems and software to keep track of people and progress of the growth of crops (castor bean (castor oil plant)), Responsible for overseeing the accounting, costing and sale of farm produce after harvest, Represent the organization’s interest at various stakeholders’ meetings. We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. We know that one of the ways of gaining approval and winning customers over is to sell our farm produce (castor beans (castor oil plants) and even processed and packaged castor oil) a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while. Below is a sample commercial framing business plan that you can find really useful to draft yours. The opportunities that are available to us cannot be quantified, we know that there are loads of production companies that rely on the supply of castor oil from castor bean (castor oil plant) farms both in the United States of America and other parts of the world. This is a vital plan of action a business creates to penetrate the market and also to maximize profits in the business. The sales projections are based on information gathered on the field and some workable assumptions as well with respect to the nature of castor bean (castor oil plant) farm that we run. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. Account details: Alaegbu Michael, Account Number: 0241203999. Tag: Castor Farming Business Plan. This training will uncover secret of castor farming from cultivation of castor through to the marketing. In view of the above, here are some of the basic areas we will spend our start – up capital in setting up our castor bean (castor oil plant) farm; Going by the report from detailed research and feasibility studies conducted, we will need an average of four hundred and fifty thousand dollars ($450,000) to start a standard castor bean (castor oil plant) farm with castor oil extracting and processing plant business in the United States of America. Not only will you set the steps that you need to follow to achieve your goals, but you can also become more prepared with the risks. We have formulated A Complete & comprehensive Castor Biodiesel Business plan from farming to fuel consisting following standard sections List our castor bean (castor oil plant) farms on yellow pages ads, Attend related agriculture and food expos, seminars, and business fairs et al, Leverage on the internet to promote our business, Place adverts on both print (newspapers and magazines) and electronic media platforms, Sponsor relevant community based events / programs, Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our business, Install our Bill Boards on strategic locations all around Pawtucket – Rhode Island, Engage in roadshow from time to time in targeted neighborhoods, Distribute our fliers and handbills in target areas, List our castor bean (castor oil plant) farms in local directories / yellow pages. Rainfall: 500-600 annually. A business plan is not some rigid rule-setting standard that must be set in stone. The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400, The amount needed to acquire / lease a farm land – $50,000, The amount required for preparing the farm land – $70,000, The cost for acquiring the required working tools and equipment / machines / fencing et al – $30,000, The amount required for purchase of the first set of castor bean seedlings et al – $10,000, The amount required to set up a standard castor oil processing plant within the farm facility – 100,000, Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000, The cost of launching an official website – $600, The amount required for payment of workers for a period of 3 months – $100,000, Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000, Generate part of the start – up capital from personal savings and sale of his stocks, Generate part of the start – up capital from friends and other extended family members.
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