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Grasscutter farming

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Grasscutter farming

  1. 1. NATURE OF BUSINESS: GRASSCUTTER FARMING LOCATION: IBADAN NAME OF CHIEF PROMOTER: NYSC
  2. 2.  Beloved Farms Ltd is an agribusiness enterprise. The farm will be located in Ibadan. The products of the farm will be fattened Bucks, Breeding stocks,(family), Dressed grasscutter, package fur (for seasoning). The competitors includes University of Ibadan wildlife department, Johnson Grasscutter farm, and Udochukwu farms farms. The major buyer of beloved farms shall be hotels, restaurants, individuals, grasscutter farmers and so on.  Beloved farm product shall be set for patronage by making awareness using online plateforms such as facebook, whatapp, OLX, word of mouth e.t.c.  The Segment of the market targeted by the farm is the high class in the society.  The farm will be running with investment cost of N296600 and a profitability projection of I,443,I60 and 40 families to continue the farming business. This projection is for a period of 30 months
  3. 3.  Name: Gbolagade Abdullahi Kunle  Age and Place of Birth: 27, Ibadan  Qualifcation: Bsc., Agric  Position Held: CEO/Manager/Staff  Work Experience: 2 years poultry attendant
  4. 4.  Fattened Bucks  Breeding Stock (family)  dressed grasscutter  Packaged fur (for seasoning)
  5. 5.  Supply of grasscutter meat to hotels, restaurants, individuals, fast food e.t.c.  Supply of breeding stock to intending farmers  Advisory and general consultancy  Training  Grasscutter feed production  Execution/ visit by students
  6. 6. SN FARMS LOCATION CAPACITIES I University of Ibadan Wildlife Department Agbowo, Ibadan I00 per annum Ii Johnson Grasscutter farm Ajibode, Ibadan 80 per annum Iii Udochuckwu Farms Wakajaiye, Ibadan I24 per annum
  7. 7.  Production of fattened buck  They have more customers due to having being in business for long
  8. 8.  Unable to meet market demand as at when due  No good customer relation  No home delivery  No processing
  9. 9.  Incorporation of home delivery  Displaying high level of customer relation  Processing of fur into seasonings  Teeth for ornament  Online Marketing  Training  Consultancy and Excursion
  10. 10.  Hotels  Eateries  New farmer  Corporate organization  individual
  11. 11.  Existing farmers (for breeding stock)  Materials for feed formulation from local markets.
  12. 12.  The University of Ibadan wildlife department will be consulted for the breeding stock.  Market women selling fruits will as well be consulted for their waste product which will serve as feed for the grasscutter  They are all accessible
  13. 13.  Weight  Age  Sex  Cost of product  Place of delivery  Purpose
  14. 14.  DIFFERENTIATION: Distinguishing the products from those of the competitors through home delivery as value addition
  15. 15.  Online platform such as facebook, Whatapp, OLX e.t.c.  Sign Post  Handbills  By word of mouth
  16. 16.  The potential grasscutter rearer  The High class in the society  Online platform  Farms  Home delivery This is because grasscutter is a relatively expensive and can be afforded mainly by the high class, it is generally referred to as ‘big man’s meat’
  17. 17.  CHALLENGES  Low supply as a result of few grasscutter farmers  Insufficient medical treatment for grasscutter diseases  MITIGANTS  Training of new grasscutter farmer  Provision of high quality diet
  18. 18. SN ASSET DESCRIPTION VALUE N I Land 6mX6m 5,760 (400,000 per hectare 2 Construction / Structure 2.7mX5.4m 40,000 Total 45,760
  19. 19. SN Particular Quantity Unit Price Total Value I Insect sprayer (I) 500 500 2 Paint brush (I) I50 I50 3 Bucket (I) 400 400 4 Cutlass (I) 600 600 5 Packers (I) I00 I00 6 Mop (I) 250 250 7 Head pan (I) I000 I000 8 Feeders and drinkers (3) (3) 500 I,500 9 Weighing Scale (I) 3,500 3,500 Total 8,200
  20. 20. SN Particulars Amount (N) I Establishment Expenses 8,200 2 Start-up Expenses 25,000 3 Miscellaneous 5,000 39,000
  21. 21. SN Items Year I (N) Year 2 (N) Year 3 (N) I Feed Formulation I2,000 30,000 72,000 2
  22. 22. SN Item(s) Quantity Rate (N) Total Value (N) I Grasscutter family 3 48,000 I44,000
  23. 23. SN Particulars Amount (N) I Skilled Labour 48,000
  24. 24. SN COST SUB-HEAD (N) I Fixed Capital (Fixed Asset + Machinery and Equipment 53,960 2 Working Capital (materials+ Utilities+Man power requirement + repair and Maintenance) 204,000 3 Preliminary and Pre-operative Expenses (Farm implement + Start-up Expenses+ Miscellaneous 38,200 Total 296,I60
  25. 25. SN Month Item(s) Quantity sold per cycle Rate per unit (N) Sales Realization (N) I Nov ., 20I5 July 20I6 ----- ----- ----- ----- 2 Aug., 20I6 – Jan., 20I7 Fattened Bucks 6 I5000 90,000 3 Feb. 20I7 – July 20I7 I0 families and 8 fattened bucks 58 I0,000 580,000 4 Aug., 20I7 – March 20I8. 20 families and 99 fattened bucks I99 I0,000 I,990,000
  26. 26. SN Assets Description Quantity Unit Amount Total Amount I Construction of pen Extension 9 I3,333 I20,000 2 I9 I2,632 240,000 3 40 I3,000 520,000 4 Feed formulation Second cycle I50kg 200 30,000 5 Feed formulation Third cycle 360kg 200 72,000 6 Staff salary Second cycle I 20,000 I20,000 7 Third cycle 2 20,000 240,000 Total I,342,000
  27. 27. SN Particular Amount in first cycle 2nd CYCLE 3rd CYCLE 4th CYCLE A Sales realization 90,000 580,000 I,999,000 B Less cost of project (Working Capital + Previous Loss) -296,I60 -206,I60 =786,I60 -I342,000 =657,000 C Gross Profit I,443,I60
  28. 28.  At the end of this farming project, if properly managed, it is capable of generating a profit of NI,443,I60, within a period of 30 months and additional 40 families to continue the farming business.

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