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castor farming business plan

Castor Business Plan - En - Free download as PDF File (.pdf), Text File (.txt) or view presentation slides online. Castor oil is a natural emollient and a few drops may also be used to remedy dry skin, as a massage oil, and may benefit hair as a treatment. We will ensure that we position our business to attract consumers of castor oils not just in the United States of America alone but also other parts of the world which is why we will be exporting some of our farm produce either in raw form or processed form to other countries of the world. Below are the projections that we were able to come up with for the first three years of running Jake Tyson® Castor Bean Farms, Inc.; N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics or flood), and unfavorable government policies. The seeds from the Ricinus communis Plant contain in excess of 45% oil. What is a Third Party Liability Insurance for Skydiving? 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). KC1, KC2, KC3 and KC4. The health and vitamin industry is growing at a very quick pace. 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. These are social, technical and commercial . 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. 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. Below is a sample commercial framing business plan that you can find really useful to draft yours. One of our major goals of starting Jake Tyson® Castor Bean Farms, Inc. is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more as agreed by the management of the farm. Global castor seed production is around two million tons per year. 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. Take advantage of this opportunity to network and learn with fellow castor farmers in the group and a sure link to realible Castor seed off taker. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer. They are starting to believe the body is a temple. We want to build a standard and world – class castor bean (castor oil plant) farm that will leverage on word of mouth advertisement from satisfied clients (both individuals and businesses). A business plan is one tool that can help you identify where to focus your resources and how to plan ahead. The industry is highly fragmented; no single castor bean (castor oil plant) farmer / farm holds a lion share of the available market share in the industry., it is not enough to allow the company to dominate the industry. In view of that, we decided to set up a standard castor oil processing plant to help us maximize profits. 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. 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. In 2012, Soweto-born Thabang Mabapa was helping to clean up a local community church when … Castor bean farming is done in dry regions under irrigation or through rainfall. Lastly, with commercial castor bean (castor oil plant) farming business, it will pay you not to only cultivate castor bean (castor oil plant) and sell them to production companies who need castor bean (castor oil plant) as raw materials. Ecological requirements. The commissioning and commercial launch next month of Oman’s only sebacic acid production project at the Special Economic Zone (SEZ) in Duqm is set to kickstart the mass farming of castor oil-beans — the primary source of sebacic acid and a host of value-added derivatives. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups castor bean (castor oil plant) farms) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. Another notable trend in this line of business is that more players in the food, fragrance and cosmetics, pharmaceutical and other related production industry are beginning to increase their demand for essential oil as part of their raw materials because of the aromatic nature it adds to their product. 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. Tag: Castor Farming Business Plan. So also, decreasing per capita castor oil consumption will hindered growth and profit margins have fluctuated greatly over the past five years. For example, if the climatic condition is unfavorable and if there are natural disaster in the location where you have your castor bean (castor oil plant) farm, then it will directly affect the harvest of olives and also the prices of your farm produce. Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo et al. 2. Jake Tyson® Castor Bean Farms, Inc. is well positioned to become one of the leading castor beans (castor oil plant) farms in the United States of America, which is why we have been able to source for the best hands and farm machineries to run the farm with. Writing a bank and investor ready professional castor farming business plan can be challenging. Castor bean or castor oil plant which is known as Ricinus communis is a species of perennial flowering plant in the spurge family, Euphorbiaceae. As prices increase with increased demand, castor bean (castor oil plant) farmers will begin to experience revenue growth. A farming business can be more successful if you will develop a farm business plan. The Castor Bean / Castor Oil Plant industry displays a low level of concentration. 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. Your castor seed farming business plan does not only serve as your guide in the course of your business. The payment policy adopted by Jake Tyson® Castor Bean Farms, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America. If need arises, we will definitely cultivate related crops; Jake Tyson® Castor Bean Farms, Inc. is an castor bean (castor oil plant) farm that intend starting small in Pawtucket – Rhode Island, but hope to grow big in order to compete favorably with leading commercial castor bean (castor oil plant) farms in the commercial castor bean (castor oil plant) farming industry both in the United States and on a global stage. Little wonder that the market for castor oil have continued to be on the increase. Besides, it is also used in paints, cosmetics, lubricants, etc. We have perfected or sales and marketing strategies and we are set to hit the ground running and we are quite optimistic that we will meet or even surpass our set sales target of generating enough income / profits from the year of operations and build the business from survival to sustainability. Over and above, if you want to get the right pricing for your farm produce, then you should ensure that you choose a good location for your commercial farm, choose a good breed / seeds that will guarantee bountiful harvest, cut the cost of running your farm to the barest minimum and of course try as much as possible to attract buyers to your farm as against taking your farm produce to the market to source for buyers; with this, you would have successfully eliminate the cost of transporting your harvest to the market and other logistics. Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities. This is a vital plan of action a business creates to penetrate the market and also to maximize profits in the business. 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. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Pawtucket – Rhode Island in our payroll. It can also be a requirement of securing grants and loans for your farm business. 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. It is no news that castor bean popularity can be said to be associated with the healthy benefits that comes with using castor oil. 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, Handles all financial transactions for the company, Defining job positions for recruitment and managing interviewing process, Carrying out staff induction for new team members, Responsible for training, evaluation and assessment of employees. More so, your strategic plans will help you develop a mission statement that … It will help you attract investors and source … 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. A good business plan will help your farm or food production business grow. Welcomes guests and clients to the farm by greeting them in person or on the telephone; answering or directing inquiries. Whether you need a good get-started guide, have a plan that you would like to verify, or have a plan you’re looking to Contracts were offered to growers, and limited production developed in the Imperial and San Joaquin Valleys (Zimmerman 1958). 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. Little wonder that the market for castor oil have continued to be on the increase. Castor oil and its derivatives also find major application in soaps, grease, hydraulic brake fluids and perfumery products as well. Rainfall: 500-600 annually. At Jake Tyson® Castor Bean Farms, Inc., we will ensure that we hire people that are qualified, hardworking, dedicated, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers). Usually a business plan should be reviewed at least once a month to once a year to look at what was written and what changes should be made. The seeds contain between 40 percent and 60 percent oil that is rich in triglycerides, mainly ricinolein. It is propagated through seeds in soils that are not fertile and in an area with less rainfall. Generate a larger chunk of the startup capital from the bank (loan facility). Castor Seeds are valued mainly for their oil, which is used in pharmaceutical products. An aspiring entrepreneur can either choose to start a castor bean farm on a small scale or on a large scale depending on their financial status. It is very sensitive to high humidity. 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. Its seed is the castor bean, which, despite its name, is not a true bean. When it comes to calculating the cost of starting a castor bean (castor oil plant) farm with castor oil processing plant, there are some key factors that should serve as a guide. The produce meat/eggsare in high demand and attract premium rate in meat shops and open market. Here are the payment options that Jake Tyson® Castor Bean Farms, Inc. will make available to her clients; In view of the above, we have chosen banking platforms that will enable our client make payment for the purchase of castor beans (castor oil plants) and castor oil without any stress on their part. There are several active breeding programs. The Ricinus communis biodiesel meets all the three criteria any environmentally sustainable fuel must meet. The plan contains the operational and financial objectives of a business, the detailed plans and budgets showing how the objectives are to be realized. leading the development and implementation of the overall organization’s strategy. The truth is that it is one of the means of avoiding running into loss. Jake Tyson® Castor Bean Farms, Inc. is a family business that is owned by Mr. Jake Tyson and his immediate family members. The main advantage of this type of farming is disease 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. Castor Oil Extraction, Processing and Packaging Plant Manager. As a matter of fact, castor oil is gaining more ground as part of the materials used in the production of perfumes, cosmetics, soaps and other products, for flavoring food and drink, and for adding scents to incense and household cleaning products amongst others. We have some of the latest commercial farming machines, tools and castor oil extracting, processing equipment that will help us cultivate castor beans (castor oil plants) and castor oil in commercial quantities with less stress. We are quite aware that there are several large scale, medium scale and small scale castor bean (castor oil plant) farms all over Pawtucket – Rhode Island and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business. Some of the threats and challenges that we are likely going to face when we start our own castor bean (castor oil plant) farm are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics and flood) – unpredictable weather patterns will continue to dampen demand growth, unfavorable government policies and the arrival of a competitor (a commercial farm that cultivates same crops) as our farms within same location. Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level, Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services, Manages administrative duties assigned by the manager in an effective and timely manner, Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. Farmers in the castor bean farming industry primarily grow castor bean / castor oil tree for industries that make use of castor seeds for the production of food and preservatives, medicine (laxative) naturopathy castor oil, bio-based polyol in the polyurethane industry (coatings), precursor to industrial chemicals, lubrication oil, as feedstock in the production of biodiesel and skin and hair care (cosmetic oil). The bottom line is that if you have enough farming land (space) and you are interested in maximizing commercial castor bean (castor oil plant) farming, you are sure going to make huge profits from the business. 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. We have put plans in place that will help us launch a standard and world – class castor oil processing plant within the first three years of officially running Jake Tyson® Castor Bean Farms, Inc. We will process and package castor oil that they flood the market both in the United States and in other countries of the world; we want to compete with the best in the industry. 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.

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