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A Sample Pig Farming Business Plan Template
Are you about starting a piggery? If YES, here's a complete sample pig farming business plan template & feasibility report you can use for FREE to raise money. Okay, so we have considered all the requirements for starting a pig farming business. We also took it further by analyzing and drafting a sample pig produce marketing plan template backed up by actionable guerrilla marketing ideas for pig farming companies. So let's proceed to the business planning section. Pigs might not be rampant pets in the households, but they are sure money spinners when pig farming come stop play. Pig farming has been in existence for a very long time and indeed has come to stay. This is one of the best forms of farming that you can begin to look at starting. One of the truths about this business is hinged on the fact that you can start with little capital You will yet need to scale the business plan hurdle because it is really needful to be sure that you have a blueprint for your business that will serve as a great map to lead you rightly as you trudge along the pig farming industry. This is one important hurdle to look towards, but sadly it isn't everyone that likes the idea of writing one. This is essentially one of the reasons why you may want to use a business plan template. One of the advantages of uses a business plan template is that you are able to scale through some hard hurdles that may have hitherto posed a great challenge. It is for this reason that a sample pig farming business plan has been put together below; A Sample Pig Farming Business Plan Template • Business Overview The agricultural sector of which livestock farming or better still pig farming is a part of is 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 to go 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 by products 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, sus scrofa), 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, pedigree record services and vaccination et al. The Livestock Farming industry of which pig farming line of business is a part of is indeed a large industry and pretty much active in countries such as United States
Executive Summary: Agriculture has helped fuel the “China miracle.” Since 1978, agricultural and food output has soared, Chinese agribusiness firms have become key players in domestic and international markets, and by all accounts, China has been highly successful in overcoming land and resource constraints to feed its population of 1.3 billion people. The country is celebrated for its successes in reducing poverty and hunger over the last 30 years, and more recently, for creating an agrifood system that makes eating “high on the hog” a possibility and reality for many Chinese people. Pork is at the heart of this miracle. A hallmark of the post-1978 agricultural development model is ramping up the production, sale, and consumption of meat. Processed and packaged meats are the fastest growing market segments, reflecting the increasing influence and operation of pork processors, and the more general trend towards processed foods that can be shipped, stored, and sold with a longer shelf-life in super- and hyper-markets. These trends are also reflected in the Shuanghui (now called the WH Group to take on a more international identity) buyout of Smithfield Foods, a move that will increase China’s pork supplies, strengthen Shuanghui’s brand within China as “safer” meat with higher consumer status because of its US origin, and further generate and shape consumer demand for industrial pork. The Shuanghui-Smithfield deal is a matter of political and economic interest, but also signals a much more basic insight: pork, and the systems and actors that produce it, are central in China’s agrifood system with increasingly global inter-linkages and implications. Government officials support increased pork production and consumption through subsidies, investments, and favorable policies for medium- to large-scale industrial operations. Agribusiness firms control much of the production and sale of meat (and agricultural products more generally), often through production arrangements with commercial farmers, and with financial support from public and private investment. Smallholder farmers either opt out of pig production in the context of increasing consolidation of the industry, become specialized hog producers, or are transformed into waged, typically migrant, laborers. And consumers eat more pork than ever before, with wealthier eaters preferring industrially produced meat, which is viewed as more strictly regulated, and therefore, safer. Yet, food safety, public health problems and environmental pollution associated with the sector are also increasingly becoming bottlenecks--evident in the starkly vivid images of dead pigs floating in a river near Shanghai earlier in 2013. This dialectic between pork’s socio-political importance in China and its mounting externalities will shape Chinese policy towards pork production, trade and consumer choices in the coming decade. This report builds on Mindi Schneider’s 2011 IATP report, Feeding China’s Pigs: Implications for the Environment, China’s Smallholder Farmers and Food Security. It addresses the question of how and why China’s animal husbandry sector has shifted towards increasingly industrialized meat production, which in many ways replicates the dominant and unsustainable U.S. model, but at an even larger scale. The analysis reveals and describes an interrelated set of drivers, both state-led and otherwise, that have increased industrial meat production and consumption in China throughout the reform era. Section II provides a synopsis of pork industry development in China, including a historical overview of pork production, a summary of reform era policies, production and consumption trends, and an analysis of current and continuing restructuring, including some Chinese perspectives on the Shuanghui-Smithfield deal. Section III examines some of the motivations that underlie swine sector industrialization, including the politics of government production goals and food safety, and how these drivers play a role in the construction of consumer demand. Section IV examines some of the key actors, ideas, and mechanisms of pork development. It details leading agribusiness firms called Dragon Head Enterprises, and the Chinese versions of vertical integration and contract farming. Analysis in this section reveals that ownership and operation in China’s pork industry is largely domestic, but based on logics and practices common to agribusiness-led industrial production everywhere. Section V discusses the presence of foreign firms in China’s pork industry, serving as a trace on global consolidation as it touches down in China, and as China simultaneously begins to change the dynamics of consolidation. The last section addresses some of the impacts of this industrial mode of livestock production, which Chinese officials and agribusiness seem to have embraced whole-heartedly. It describes some of the challenges the U.S.—as the originator of the model—is facing in public health and environmental pollution today, relating them to development in China with the hope that these issues can be faced and effectively confronted. This report has shown that in a system that was decentralized in the late 1970s and early 1980s, state support has made Dragon Head Enterprises (a government status bestowed upon private or public companies that meet a set of criteria for agriculture development) the leaders in producing, selling, and profiting from pork and agricultural products more generally. As these firms are becoming increasingly capitalized and invested, they are also becoming increasingly powerful in global agrifood markets. The Shuanghui acquisition of Smithfield Foods is but one example of this phenomenon; it is a profound example given the scale of the deal and the media attention it has garnered, but it is by no means an isolated incident. The central government adopted a set of policies in 2000 to encourage Chinese state and private firms to invest in operations and infrastructure abroad. This “go out” (zou chuqu) strategy continues today, and is related to new forms of global consolidation in the pork industry, as well as to China’s much-reported land grabs (see IATP’s The Need for Feed: China’s Demand for Industrialized Meat and Its Impact in this series). Firms like Beidahuang, COFCO (the China National Cereals, Oils, and Feedstuffs Corporation), the Chongqing Grain Group, the New Hope Group, the China National Agricultural Development Group, and others have all “gone out” for land, agricultural resources, and/or other companies abroad. The pork industry in China is massive, as are its implications for soil and water pollution, climate change, public health, and rural livelihoods. But the industry in China is in many ways the industry in the US and elsewhere, a fact that analyses and policies need to take into account. Critiques of China’s pork miracle must also be critiques of the practices and structures of industrial livestock agriculture on the whole. At the same time, as Chinese domestic firms play ever more important roles in global markets, it seems likely that agribusiness politics in the future, both in China and on the world stage, will be increasingly Dragon-Headed. Understanding what is general and what is particular, and how the two influence one another, is crucial for understanding the rise of agribusiness with Chinese characteristics. It is also necessary for framing and implementing more just, sustainable, and diverse agrifood systems that can reverse the damages wrought by decades of global agricultural industrialization. This, surely, is our most pressing task.
Swine rearing and pork production has recently attracted the growing interest of Ghanaian farmers who seek diversification of enterprises and existing farmers looking for alternatives following a period of low profitability. Piggery was established to combine science and technology to generate innovations for anyone seeking to establish a new pig production enterprise. Results show that since 2008 to 2013, pork prices in Ghana rose rapidly between 115-120%. Also the rate of returns was higher at 43.62% compared to bank interested rate. Feed, as a percentage of total costs, were minimised from 70% to 55% with integrated lactobacillus brewer spent malt as supplement to formulated feed. The piggery project was highly successful and invested capital was recouped within two years of project take-off. Collaborating with other farms, organisations and entrepreneurs, a lot of research innovations in the area of improving feed cost, animal nutrition, waste management practices, and breeding have been generated and shared with both small and large-holder pig farmers. In all aspect of the farm management, results achieved so far especially with pork carcass quality and profit margins are encouraging which have led to the expansion of the piggery project.
Le Thanh Hai
Vincent Porphyre , Nguyen Coi
This chapter presents the status of the agricultural sector in the Red River Delta in Vietnam. The sociopolitical environment and development policies are outlined. Thai Binh's development priorities are discussed. The contrasts in the natural environment of the Red River Delta are presented (climate, soil types and agroecological units). The importance of the hydraulic system in the Delta's agriculture is discussed. The intensive vegetable production, dominated by rice cultivation is described. The livestock production, with emphasis on the booming pork commodity chain, is dealt with. An overview of the pig production subsector is given. The pig producers and their various breeding systems are outlined. The husbandry of other animals are discussed (poultry, ruminants and fish). Changes in the integrated production systems are discussed.
This paper uses pork as a lens on China’s rural transformations. Taking the industrialization of pig farming in the reform era as a trace on broader processes of social and environmental change, it advances three arguments. First, the massive increase in pork production and consumption since 1978 has been propelled by an industrial meat regime. A party-state led and agribusiness-operated regime, it articulates modernist notions of meat-as-progress with the relentless drive for capital accumulation. Second, using Marx’s concept of metabolic rift, the paper examines how processes of concentration in the industrial meat regime are at the same time processes of separation. This dialectical approach highlights the contradictions inherent in ongoing attempts to disembed capitalist production from biological and social relations. Finally, while official party-state discourse conceptualizes “the rural” as a production base for surplus value, and/or as a site for preserving environmental integrity, the paper’s analysis reveals a further unofficial recasting of the rural: in the process of agroindustrialization, the rural is also a sink for offloading capitalist crises. Between the rivers of manure that flow from industrial livestock operations and contaminate rural waterways; the loss of soil nutrients and food calories in the inefficient conversion of grains and oilseeds into industrial meat; the erosion of agricultural knowledge and practice that accompanies the dispossession of China’s farmers; and the shifting values of pigs, pork, and manure, this is a system that “wastes” the rural in service of capital. Keywords China; Waste; Industrial meat regime; Metabolic rift; Political ecology
Animals through Chinese History: Earliest Times To 1911
This is a book chapter, published open-access by Cambridge University Press.
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Starting Pig Farming Business Plan (PDF)
Pig farming is one of the most profitable livestock businesses. Pork constitutes most of what many consumers worldwide consider their best meat. Profitability also stems from the reproduction rate of pigs. On average, a sow (female pig) weans off at least 9 healthy piglets per birth. That translates to at least 18 piglets annually since a sow gives birth twice per year. This makes it possible to start a small pig farming business and grow quickly over time. To build a profitable and sustainable pig farming business, you require sufficient knowledge of how to efficiently raise the pigs, good business management skills, and a good piggery business plan. This article will outline how to start the piggery farming business, and the pig farming business plan – PDF, Word and Excel.
Piggery farming is a lucrative business providing income for many entrepreneurs all over the world. As with any other business there are some important steps you need to take before you start. First determine the size of your piggery farming project. This includes the number of pigs (boars & sows) that you intend to start with; location of the pig farm, land, housing, equipment as well as your target market. All of these factors will be affected by the amount of investment capital that you have. You also need to carry out market research (Who are you going to sell the pigs/pork to? At what price?) and write a piggery business plan before you venture into the pig farming business.
You can sell weaners. Weaners are bought either to be fed normally till maturity or for pig fattening. They are typically known as feeder pigs. Next up are porkers. Porkers are reared exclusively for pork meat production. They are sold when they reach 60-80 kilograms or on average 5-6 months of age. Then you have baconers which are larger than porkers. They reach their maturity at roughly 100 kilograms. Age-wise that is at around 6-8 months.
You can also sell your pigs as general purpose pigs. This you can do as live pigs or as slaughtered pigs. As slaughtered pigs you can sell them as whole carcasses, halved, or as portions. The other option is to sell pigs for purposes of manufacturing wide-ranging end products. Pork can be processed into sausages and emulsions, for example. There are also by-products from pigs that are essential to the manufacturing of things like adhesives, soaps, fertilizers, and more. Yet another lucrative option is to sell breeding stock. You can sell the pigs’ droppings for use as manure in crop production. The same can be used produce biogas.
Selecting Land for Piggery Farming Business
To start your pig farming business, you require a large enough area for erecting the necessary pig housing and other farm buildings. When selecting the land for your piggery farm, consider the conditions of the roads – vehicles will use the roads to deliver pig feed to the piggery farm as well as deliver pigs to the market from the farm. Thus you will need to choose a location with good roads for your piggery farming business. Also consider if the land will allow you to expand your pig farming business in the future, eg is there enough space to construct additional pig sty houses? Choice of land should also take into consideration water flooding. It is detrimental for water flooding to occur where the pigs will be housed. That is why it is important to choose land that has a gentle slope. This will enable runoff thus avoiding any possibility of water flooding. You should locate your piggery farm at least 1 kilometre away from the rivers to avoid possible contamination of water from effluence. Pigs require plenty of water, thus your pig farm should be located where there is clean and reliable water supply. Your pig farming business plan should take into account the cost of purchasing or leasing the land.
Good piggery housing will make it easier to manage pigs and also reduces the mortality rate of the piglets. With the right type of pig housing, you can successfully rear 95% or more of all the live born piglets to market weight in the shortest possible time. It is advised that the piggery housing should typically be long and narrow. Its orientation should follow an east to west direction. The floor of the piggery house must be dry. The piggery housing floor can be made from cement, bricks, poles, stone slates, or wooden slates. Piggery house design must also factor in the need for sufficient shade and ventilation. Strike a healthy balance by ensuring ventilation does not cause harmful loss or gain of heat to the pigs. P igs at different stages of growth require different environments (temperatures) and different housings. Piglets require protection from very low temperatures to ensure that they grow to their maximum potential level. On the other hand, the growing and reproducing pigs must be protected against high temperatures. So you have to ensure that the piggery houses are built to protect the young and grown pigs against extreme temperature and bad weather conditions such as continuous rains and cold winds.
Piggery housings are usually demarcated into 4 separate sections. This is to cater for the 4 main stages of the pig production cycle – thus pigs at different growth stages require different housing, you can’t just house all pigs in one piggery house. These 4 stages are pregnancy, lactation, weaning, and breeding. Allow between 6 and 8 meters per pig boar (male pig) when breeding. Allow 4 to 6 meters per sow when lactating. During pregnancy, allow 1.5 meters to 2 meters per sow. During the weaning stage, allow 0.3 to 0.5 meters per piglet. These specifications will guide you in figuring out the size of your piggery housing. Materials and equipment required for the construction of pig housing structures and buildings can be bought from hardwares and other construction suppliers. Costs of constructing the pig housing should be included in the piggery business plan.
Equipment For Pig Farming Business
There are a number of activities involved in pig farming which all require specialized equipment.
- Personal Protective Clothing And Basic Handling : Rearing pigs can be messy so you will need protective clothing such as work-suits, overalls, gloves, face masks, boots, and the like. If you have a high number of pigs, a feral snare would come in handy. It helps you single out a pig when you need to separate it from the rest.
- Feeding And Drinking Equipment : You require pig feeding and drinking equipment and systems. There is an option to use manual approaches or automated ones.
- Breeding Equipment : If you are into pig breeding you must have a farrowing and a mating crate. The farrowing crate is instrumental during the lactation stage. It guards against incidents of sows accidentally killing piglets due to their heavy weights. The mating crate is to ensure sows are not hurt in any way during mating. A weighing crate is also generally needed in pig farming.
- Veterinary Equipment : There are other operations that require specialized veterinary equipment. Examples of such equipment are scalpels, blades, needles, syringes, and dressings. This mostly depends on the procedures you personally do in your pig farming. Some prefer to outsource so they might not need much or anything at all.
The pig farm business plan should include the costs of acquiring the required equipment.
Pig Breeding Options
Live Pigs : This is the easiest and most common breeding approach for many pig farmers. It can entail sourcing and introducing boars (male pigs) and sows (breeding female pigs) into your herd. Another option is to source and introduce weaners. These are young pigs that will not have yet reached full maturity. Third option is to source and introduce breeding stock chosen using segregated early weaning (SEW). This involves taking piglets from the farrowing crate at an early age and then rearing them in a different building on the farm.
Surgical Methods : The other 3 ways are surgical methods namely, hysterectomy, embryo transplant, and artificial insemination. Of these 3, artificial insemination is relatively less sophisticated and more common.
Breeding Pigs: Sows and Bows
To start your pig farming business, you require breeding stock which consists of bows (males pigs) and sows (female pigs). Boars and sows will mate and the sows will give birth to piglets. The important thing is to closely check where and how you get your breeding stock. When looking to source breeding stock you must check the history – especially regarding diseases and health status. Your supplier must be able to provide relevant documents detailing those aspects. They should also be able to direct you to veterinarians who can corroborate their documents. It should be possible to be shown reports from veterinarians on diseases and health status of the pigs. Your breeding stock supplier must also avail pig breeding records. The absence of any of such raises red flags. The growth potential of your piglets will depend on the nature and quality of the parent stock. Thus it is of great importance to buy a good pig breeding stock from reliable piggery farmers. Poor selection of breeding stock will lead to financial loss for your pig farming business plan.
You require 1 boar for every 15-20 sows. The number of soars which you buy for your pig farming business will depend on the scale of your piggery business. One sow gives birth to 9-11 piglets from one pregnancy. A sow can fall pregnant twice a year. The pregnancy of a pig lasts for 3 months, 3 weeks and 3 days (114 days). The pig farming business plan should take into consideration the cost of purchasing the breeding stock.
Pig Feed And Nutrition
The pigs must be given the correct type of feed as well as the correct amount of feed. This will ensure that the pigs reproduce efficiently, grow efficiently, utilize the feed efficiently, produce good quality pork, thus maximizing the profits of your pig farming business. If you fail to give the proper feed to pigs then you may miss the slaughter weight targets and the desired quality of the pork. This may lead to financial loss of your pig farming business. Pigs require different types and amount of feed depending on which stage of growth they are at. This implies that piglets have their own feed type, bows & sows have their own type of feed, while lactating pigs also have their own type of feed.
Pig feeds constitute the greatest component of the total production costs. That is why some pig farmers use other cheaper feeds to minimize commercial feeds. Pigs require feeds with adequate proportions of proteins, energy, vitamins, and minerals. That is why commercial stock feeds are better because they are expertly proportioned. Regardless, you can use other non-commercial stock feeds as supplementary feeds. You just need to know that pigs mainly eat grains, fruits, and vegetables. Another common feed is residue from alcohol distilling processes. Just as long grain, particularly millet is involved in the distilling process. Bear in mind that such residues are not suitable for feeding pregnant or lactating pigs. Same applies to weaners or piglets in general. Pigs should not be fed with meats, dead animals, random waste, and fish. Your pig farming business plan should take into account all the feed costs at different stage of growth of the pigs.
Capital for a Piggery Farming Business
Starting a pig farming business is capital intensive. The capital is required for constructing the pig housings, purchasing the breeding stock, purchasing stock feeds and other costs associated with running a pig farming business. The amount of capital you need for your pig farming business will depend on the size of your piggery farming project. Your piggery business plan should clearly outline the money required to start and operate a pig production business.
Management And Labour for a Pig Farm
The number of employees you require for your pig farming business will depend on the size of your piggery project. You will need pig keepers who will be responsible for f eeding the pigs, cleaning and disinfecting the pig housings, washing the pigs and other duties. There may also be need for finance and marketing team, depending on the size of your pig production business. Your pig farming project proposal should take into account the salary costs for all the people you are going to employ.
Knowing your customer segments can be informed by how pigs are often sold. Pigs can be sold as market pigs, young piglets, feeder pigs, breeding stock, slaughtered (whole or halve), and cuts. Besides feeder pigs and breeding stock, weight is a core determinant of price. Understanding these dynamics helps inform your value proposition. That way, your marketing will be clear and specific about what you offer. Your target markets are several and as such you should diversify your messaging to appeal specifically. One common target market is direct customers in need of pork. These can be individuals and entities (e.g. restaurants).
You also have wholesalers and retailers looking to resell e.g. supermarkets and butcheries. There is also another segment comprising of processors. Pork can be processed into a number of value-added products. Such clients often have a number of strict stipulations your pigs or pork must adhere to. Capitalize on farmers’ marketplaces (onsite or virtual). Tap into other public platforms to market your pigs such as livestock auctions. Cold email potential bulk clients such as wholesalers, retailers, and processors offering to regularly supply. Overall, put up a detailed and ever active online presence via a business website and social media accounts.
You can slaughter your pigs when they are between the ages of 4 months to 6 months. The exact age at which you slaughter your pigs depends on whether you want to sell your pigs as porkers or as baconers.
The market for pork is very huge and is ever increasing. The annual global demand of pork is 110 million metric tons. That’s a lot! You can supply pork to abattoirs, local butcher shops, retailers, hotels, supermarkets, restaurants, wholesalers and individual consumers. Pork has to be sold whilst it’s still fresh, thus you should locate your pig farm close to your market. The pig production business plan ought to include a proper marketing plan to use in your piggery business.
The export market for pork is also very huge! As you grow your pig farming business you will be able to export the pork to other countries. The largest importers of pork are Japan, Russia, Hong Kong, China, South Korea and Mexico.
Pre-Written Pig Farming Business Plan (PDF, Word And Excel): Comprehensive Version, Short Funding/Bank Loan Version and Automated Financial Statements
For an in-depth analysis of the pig farming business, we encourage you to purchase our well-researched and comprehensive piggery business plan. We introduced the business plans after discovering that many were venturing into the pig production business without enough knowledge and understanding of how to run the piggery business, how to keep the pigs, lack of understanding of the financial side of the business, lack of understanding of : the industry, the risks involved , costs and profitability of the business; which often leads to disastrous losses.
The StartupBiz Global pig farming business plan will make it easier for you to launch and run your piggery business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as you will be aware of all the costs involved in setting up and running the pig farming business.
Uses of the Pig Production Business Plan (PDF, Word And Excel)
The pig farming business plan can be used for many purposes including:
- Raising capital from investors/friends/relatives
- Applying for a bank loan
- Start-up guide to launch your pig production business
- As a piggery business proposal / pig farming project proposal
- Assessing profitability of the piggery business
- Finding a business partner
- Assessing the initial start-up costs so that you know how much to save
- Manual for current business owners to help in business and strategy formulation
Contents of the Piggery Business Plan (PDF, Word And Excel)
The pig farming business plan include, but not limited to:
- Marketing Strategy
- Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortization)
- Risk Analysis
- Industry Analysis
- Market Analysis
- SWOT & PEST Analysis
- Operational Requirements (Including technical aspects of how to keep and rear the pigs, feed requirements etc)
- Operational Strategy
- Why some people in pig farming business fail, so that you can avoid their mistakes
- Ways to raise capital to start your pig farming business
The Pre-written piggery farming business plan package consist of 4 files
- Pig Farming Business Plan – PDF file (Comprehensive Version – 81 Pages)
- Pig Farming Business Plan – Editable Word File (Comprehensive Version – 81 Pages)
- Pig Farming Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 42 pages)
- Pig Farming Business Plan Automated Financial Statements – (Editable Excel File)
The business plan can be used in any country and can be easily edited. The financial statements are automated. This implies that you can change eg the number of pigs, selling price of the pigs etc, and all the other financial statements will automatically adjust to reflect the change.
Click below to download the Contents Page of the Pig Farming Business Plan (PDF)
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Piggery Business Frequently Asked Questions
How many pigs should i start with.
The number of pigs that you should start with depends with the amount of capital that you have, your intended scale of production and the available housing facilities. You need male pigs which are known as boars, as well as female pigs which are known as sows. One male pig can service upto 20 female pigs. You can start with just 5 female pigs for a small piggery business, or 100 female pigs for a large commercial pig farming business.
Is pig farming project profitable?
A pig farming project is a very profitable business venture. Each female pig gives birth to about 10 piglets per birth, and it can give birth twice a year. That means you can get 20 piglets per year from just 1 female pig – which implies a lot of revenue from just 1 pig. However you have to manage the piggery business expenses like feed. This is why it is important for you to get a good pig farming business plan so that you understand the factors which affect the profitability of a pig farming project.
How do I start a small piggery business?
To start a small piggery business, you need the following items: boars, sows, housing, equipment, feed, water, and a ready market. You also require a good piggery business plan before you venture into this business.
What do you feed pigs daily?
Commercial pig stock feeds are the best for feeding your pigs. However to lower the feed expenses, you should also give the pigs supplementary feed like grains and vegetables. It’s important that you manage the feed expenses so that your piggery business becomes profitable. At the same time you should also provide adequate feed to the pigs so that they grow up quickly and attain good weights when slaughtered.
What is the pig farming business model?
The piggery business model involves purchasing male and female pigs which then breed to produce piglets. You then raise and feed the piglets and sell them for a profit after 5-8 months. You do this continuously throughout the year, generating profits along the way.
What is the most profitable pig breed?
The most profitable pig breeds for commercial piggery business include the Large White/Yorkshire, Landrace, Hampshire, Duroc, Poland China, Camborough, Spotted and Chester White. The Yorkshire pig breed has good carcass quality and has a good feed conversion ratio, making it one of the most profitable pig breeds.
How many months does a pig take to grow?
If you are providing adequate feed to the pigs, they will take 5-8 months for them to be ready for market. The exact number of months for the pigs to be ready for slaughter will depend on the market needs. Pigs can be sold as porkers or baconers and the categorizations depend on the weight – baconers are larger than porkers.
Is piggery business a good investment?
Piggery business is a good investment as it can generate continuous cash flow for you and can provide good return on investment. However it’s essential that you understand the financial dynamics of piggery business, the costs involved, and the expected profitability. That is why it is important for you to have a good pig production business plan.
We wish you the best in your Pig farming business! Check out our collection of business plans , and more business ideas .
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Pig Farm Business Plan Template
Written by Dave Lavinsky
Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their pig farms. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a pig farm business plan template step-by-step so you can create your plan today.
Download our Ultimate Business Plan Template here >
What Is a Business Plan?
A business plan provides a snapshot of your pig farm as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.
Why You Need a Business Plan
If you’re looking to start a pig farm, or grow your existing pig farm, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your pig farm in order to improve your chances of success. Your pig farm business plan is a living document that should be updated annually as your company grows and changes.
Sources of Funding for Pig Farms
With regards to funding, the main sources of funding for a pig farm are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for pig farms.
Finish Your Business Plan Today!
If you want to start a pig farm or expand your current one, you need a business plan. Below are links to each section of your pig farm business plan template:
Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.
The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of pig farm you are operating and the status. For example, are you a startup, do you have a pig farm that you would like to grow, or are you operating pig farms in multiple markets?
Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the pig farm industry. Discuss the type of pig farm you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.
In your company analysis, you will detail the type of pig farm you are operating.
For example, you might operate one of the following types of pig farms:
- Farrow-to-finish pig farm : this type of pig farm involves breeding and farrowing sows, and feeding the offspring until they reach a market weight of about 280 pounds.
- Farrow-to-feeder pig farm: this type of pig farm involves breeding and farrowing sows and then selling the piglets to finishing operations when they weigh 30 to 60 pounds.
- Feeder-to-finish pig farm: this type of pig farm buys feeder pigs when they weigh 30 to 60 pounds and feed them to market weight.
In addition to explaining the type of pig farm you will operate, the Company Analysis section of your business plan needs to provide background on the business.
Include answers to question such as:
- When and why did you start the business?
- What milestones have you achieved to date? Milestones could include the number of customers served, number of positive reviews, reaching X amount of customers served, etc.
- Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.
In your industry analysis, you need to provide an overview of the pig farm industry.
While this may seem unnecessary, it serves multiple purposes.
First, researching the pig farm industry educates you. It helps you understand the market in which you are operating.
Secondly, market research can improve your strategy, particularly if your research identifies market trends.
The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.
The following questions should be answered in the industry analysis section of your pig farm business plan:
- How big is the pig farm industry (in dollars)?
- Is the market declining or increasing?
- Who are the key competitors in the market?
- Who are the key suppliers in the market?
- What trends are affecting the industry?
- What is the industry’s growth forecast over the next 5 – 10 years?
- What is the relevant market size? That is, how big is the potential market for your pig farm? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.
The customer analysis section of your pig farm business plan must detail the customers you serve and/or expect to serve.
The following are examples of customer segments: grocery retailers, families, and individual buyers.
As you can imagine, the customer segment(s) you choose will have a great impact on the type of pig farm you operate. Clearly, families would respond to different marketing promotions than grocery retailers, for example.
Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve.
Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.
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Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.
Direct competitors are other pig farms.
Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes grocery stores, farmers markets, pork alternatives (vegan), etc.
With regards to direct competition, you want to describe the other pig farms with which you compete. Most likely, your direct competitors will be pig farms located very close to your location.
For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:
- What type of pig farm are they?
- What areas do they serve?
- What types of customers do they serve?
- What is their pricing (premium, low, etc.)?
- What are they good at?
- What are their weaknesses?
With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.
The final part of your competitive analysis section is to document your areas of competitive advantage. For example:
- Will you provide pig farm products that your competitors don’t offer?
- Will your pigs be raised in a better facility?
- Will you provide better customer service?
- Will you offer better pricing?
Think about ways you will outperform your competition and document them in this section of your plan.
Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a pig farm business plan, your marketing plan should include the following:
Product : In the product section, you should reiterate the type of pig farm that you documented in your Company Analysis. Then, detail the specific services you will be offering. For example, in addition to pig farm products, will you provide a petting zoo, chicken or cow products, and any other services?
Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.
Place : Place refers to the location of your pig farm. Document your location and mention how the location will impact your success. For example, is your pig farm located in a rural setting, on the outskirts of a metropolitan area, the countryside, etc. Discuss how your location might be the ideal location for your customers.
Promotions : The final part of your pig farm marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:
- Advertising in local papers and magazines
- Social media marketing
- Local radio advertising
While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.
Everyday short-term processes include all of the tasks involved in running your pig farm, including cleaning and maintaining the pig farm and pigs, buying and/or selling pigs, preparing the pigs for slaughter, marketing, etc.
Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to obtain your XXth customer, or when you hope to reach $X in revenue. It could also be when you expect to expand your pig farm to a new location.
To demonstrate your pig farm’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.
Ideally you and/or your team members have direct experience in managing pig farms. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.
If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a pig farm or a large profitable farm.
Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.
Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.
In developing your income statement, you need to devise assumptions. For example, will you start with X number of pigs or will you expand your pig inventory slowly ? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.
Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your pig farm, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.
Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.
In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a pig farm:
- Cost of pig farm construction and barn build-out
- Cost of pig farm supplies, pigs, and equipment
- Cost of marketing the pig farm
- Payroll or salaries paid to staff
- Business insurance
- Taxes and permits
- Legal expenses
Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your list of products your pig farm will offer, types of customers you will be targeting, and the areas your pig farm will serve.
Putting together a business plan for your pig farm is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the pig farm industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful pig farm.
Pig Farm Business Plan FAQs
What is the easiest way to complete my pig farm business plan.
Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Pig Farm Business Plan.
What is the Goal of a Business Plan's Executive Summary?
The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of pig farm you are operating and the status; for example, are you a startup, do you have a pig farm that you would like to grow, or are you operating a chain of pig farms?
Don’t you wish there was a faster, easier way to finish your Pig Farm business plan?
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Pig Farm Business Plan Template
Pig farming business plan for starting your own business
Pig farming is a profitable business and a trendy and lucrative business in America. Pork has been a vital part of the American diet for many years. To help you understand how to start a pig farm business, here we provide a business plan for pig farming used by Ben’s Heritage Farm. It is pretty similar to a cattle farming business plan .
If you are making a business plan for a pig farming business yourself, you can take help from this sample as well as the ones available on the web. However, it is recommended to hire a professional business plan writer for getting an accurate business plan developed. It is because strategic and operational plans involve such complexities that can be hard for an inexperienced person to assess.
2.1 about the business.
Ben’s Heritage Farm is a pig farming family business registered with the relevant authorities in the United States. The business will be established in Iowa, United States. The pig farming business will be situated in one of Ben’s landed properties in Iowa. It is a vast piece of land where we can rear our pigs and piglets and install our processing plant. The business will be concerned with the rearing of pigs and piglets and the processing and packaging of pig meat.
If you are planning to have a similar business model and are confused about how to put up a piggery business, this sample can help.
2.2 Management of pig farming
Before you start pig farming business, it is essential to ensure that all aspects of your business plan on pig farming are coherent. A well-developed strategic business plan can help get funding from potential investors as well.
A piggery business plan is similar to a poultry farming business plan . It is advised that you analyze a few relevant business plans to get some insights.
2.3 Customers of pig farming
According to this pig farming business plan sample pdf, Ben’s Heritage Farming targets the following customer groups in Iowa:
- National Supermarket Chains
- Fast Food Chains
- Wholesale Distributors
- General Public
2.4 Business Target
Our mission in the industry is to become the number one reputable brand in Iowa that sells pigs and piglets, processed and packaged pork, and other pig products. We want to establish our business to the level where it would compete among the leading pig farming businesses in the United States.
3.1 company ownership.
Ben Hardy would be the CEO of the business and with his wife, Martha Hardy, as co-manager. Martha will bring her veterinary knowledge to the company, and she will hold key positions in the first few years of the business. We will employ qualified employees to fill in the required positions in due time.
3.2 Business History
Pigs have fast growth rates and good feed-to-meat conversion ratios. They are also relatively easy to raise, do not require much space, and have prolific breeding potential. To capitalize on these factors, Ben and Martha decided to use their lands and dive into a starting piggery business.
3.3 How pig farming will be started
Step1: Plan Everything
It would help if you started planning while deciding how to start a pig farm business. Given that commercial pig farming is an old business, there is tons of research material that you can analyze. It will help you plan and see if you have enough resources to meet requirements for the piggery business .
Ben and Martha decided to be different to define their brand in an exclusive way. Raising animals with care and love is something that will define their brand. This piggery business plan pdf emphasizes abiding by all sorts of regulatory laws with respect to raising cattle with care.
Step3: Establish Your Corporate Office
Ben’s Heritage Farms will have an office beside the farmland for direct supervision. This is to ensure the quality standards are met and everything is done as per the pig farm business plan.
Step4: Web Presence
These days, online presence is imperative for a business’s success. Digital transactions is a preferred mode of payment these days. For this very reason, Ben’s Heritage Farm will have a website with details of the services and options for online payments and bookings.
Step5: Promote and Market
The last step is developing and executing a marketing plan to promote your services. To make your pig farm business successful, you must employ marketing strategies that complement your business objectives. This business plan for pig farming pdf has documented detailed marketing strategies that helped Ben and Martha boost their sales.
Services of pig farming
This piggery business plan sample lists the services Ben’s firm will provide. Going through it can help you shortlist possible options for your business.
- Sales of Pigs
We look forward to selling weaners and slaughtering piglets and pigs. Under this piggery project business plan, we will serve as a regular intermediary for numerous European pig farms, who will then rely on our constant supply of weaners and meat piglets. As soon as we know their requirements, we will offer them the products that are best suited to their needs.
- Processed and packaged pig meat
As an extension of the pig farm plan, Ben’s Heritage Farm also provides packaged meat processed in a controlled, clean environment. This product can be a great source of revenue as supermarket chains and restaurants highly demand it, hence being an integral part of our pork farming business plan.
- Boarding Services
Long-term boarding is now highly demanded by parents who must be away for extended amounts of time but do not wish to put their pigs up for adoption. Both indoor and outdoor boarding facilities are available for all pigs, irrespective of their age and size.
- Breeding Services
Because the genetics of a pig plays an essential role in its performance and meat quality, different techniques such as inbreeding, crossbreeding, and line-breeding will be a part of pig production business plan employed by Ben’s Heritage Farm.
Marketing Analysis of pig farming
A small pig farm business plan is quite like an agriculture farm business plan . Before starting, you must understand the current market patterns. This pig farming business plan pdf gives detailed insights into market trends and market segmentation.
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5.1 Market Trends
According to IBIS, the market size of the pig farming industry is expected to go up by 3.8% in 2022. More than 60,000 pork producers annually market more than 115 million hogs nationwide. These animals provide a total gross income of more than $20 billion on average. A pigs farming business plan has a lot of potential and market demand.
5.2 Marketing Segmentation
While thinking, “how to start a commercial pig farm”, you must investigate your target audience. Market segmentation needs to be done before you start pig farm business operations.
Here we provide a sample pig farming business plan template that highlights Ben’s Heritage Farm’s target audience:
5.2.1 National Supermarket Chains
We will send a customized pig farming business proposal to all major supermarkets in the country, which will help us do business with them. As per the proposal, we’ll provide pig meat to supermarkets every year.
5.2.2 Fast Food Chains
According to this sample business plan for pig farming, fast food chains are Ben’s Heritage Farming’s most prominent client. Various fast-food restaurants will procure pork from the pig farm on a contractual basis.
5.2.3 Wholesale Distributors
Wholesale distributors will either use our boarding facility until the pigs are slaughtered or order pork in bulk to sell it to various retailers. These distributors will use a B2B business model, commonly seen in a dairy farm business plan .
5.2.4 General Public
Individuals who are health conscious and do not prefer buying meat off the rack from stores are expected to visit pig farms to get their pork directly from the source. Such clients will always be welcomed at our farms and will be offered a tour of the site.
5.3 Business Target
- Capture 42% market share in Iowa after one and a half years of operations.
- Expand the boarding facility by 10% within the first year of business.
- Increase revenue generation by 25% by 2023.
- Achieve a customer satisfaction score of 99%.
5.4 Product Pricing
To gain the needed customers for the first few months of our business and increase awareness, we intend to offer reduced prices for our clothing articles. The reduced prices will last three months and will only reduce our profit margin but won’t make us run at a loss. This pig farming business plan free download pdf will help you navigate various pricing strategies.
Marketing Strategy of pig farming
We understand most pig farming businesses fail to make substantial profits because of their inability to market their business and products. Bearing this in mind, we have come up with several marketing strategies to promote our business and products. This blog on how to run a piggery business can not only help you understand the basics of business but can also give you unique sales strategy ideas.
6.1 Competitive Analysis
After you have explored how to start a small piggery business, the next step is to compare your startup to that of your competitors to identify your potential. If you don’t know what can be a competitive advantage, you can see those of Ben’s farm here:
- Martha has vast experience in pig farming, and her strong leadership skills will help to gain an edge over the competitors.
- The introductory prices offered by the brand will be lower than the market rates without compromising the quality of services
- Our customized piggery business proposal plans stand out in terms of customer-centric policies.
- Our pig farm business plan pdf includes state-of-art boarding facilities that our competitors are not providing in Iowa.
6.2 Sales Strategy
- Introduce customer reward programs and promos to reward our loyal customers .
- Utilize online presence for marketing purposes.
- Listing our pig farming business in yellow pages ads .
- Engage in direct marketing.
6.3 Sales Monthly
6.4 Sales Yearly
6.5 Sales Forecast
Personnel plan of pig farming
The average cost of starting piggery business is similar to that mentioned in chicken farming business plan .
It is important to account for different kinds of costs in your pig business plan pdf to forecast financial returns accordingly. These costs also include the cost of recruiting and maintaining an updated workforce at all times.
7.1 Company Staff
As per the pig farming business plan of Ben’s Heritage Farm, the company will hire for the following positions:
- 1 Sale and Marketing Manager
- 1 General Farm Manager
- 6 Field Employees
- 2 Piggery Supervisors
- 2 Caretakers
7.2Average Salary of Employees
Financial plan of pig farming.
In your financial plan, you must identify when and how to cover your investment amount with the earned profits. Moreover, you should analyze your yearly expenses to determine the possibilities of reaching an economy of scale. This information is an integral part of your business plan for piggery project.
Developing an accurate financial plan is essential for a business. To ensure correctness, it is imperative to hire a professional financial analyst for the purpose. In case, you have a degree in business administration, you can make it yourself by analyzing the monetary plans of similar startups.
It is good to conduct a marketing analysis beforehand to estimate how much the existing farms are currently making. The revenue generated by pig farms is similar to a goat farming business plan . But depending on your financial management, risk assessment, and proactive measure to cater to potential losses, you can earn a lot more.
Here we’re documenting pig farming business plan sample used by Ben’s Heritage Farms for you to use as a reference.
8.1 Important Assumptions
8.2 break-even analysis.
8.3 Projected Profit and Loss
8.3.1 profit monthly.
8.3.4 Gross Margin Yearly
8.4 Projected Cash Flow
8.5 Projected Balance Sheet
8.6 business ratios.
- How much profit does a pig farmer make?
Generally, in the U.S. from 1 pig, you can get a net profit of $100- $500 after half a year of pig farming business depending on how you sell the pig’s meat (whether you will process its meat or not). One pound of pork is usually sold for $2-4. A pork business plan is quite promising in the U.S in terms of financial returns.
- Is pig farming a profitable business?
Starting a pig farming business is a profitable business. Piggery is the most potent source of meat production among the various livestock species. Suppose you look forward to using Ben’s Heritage Farm’s business model. In that case, this pig production business plan pdf will provide you with financial estimates that clarify the profitability potential.
- How do I start a pig farming business plan?
To start writing your business plan, it is suggested that you do thorough research on multiple business models, visit various pig farms, and devise your marketing & sales strategies after accounting for your resources. In writing your business plan, your ambiguities regarding how to make a piggery farm will be cleared. You can also consult chicken farming business plan for greater insight.
- How do I start a pig business?
Estimate the type and number of customers who might buy your products to ensure that your pig unit is as successful as possible. This is particularly important if you look to add value to the animals you produce by selling directly to the public. If you plan to sell a large proportion of your product through local retailers and catering outlets, consider surveying those businesses to find out what market sector you should aim for. Talk to prospective customers to establish the type of product that is popular and you will be good to go!
Download Pig Farm Business Plan Sample in pdf
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Pig Farming Business Plan
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The World's Leading Business Plan Template Directory
Pig Farm Business Plan Template [Updated 2023]
Pig farm business plan template.
If you want to start a Pig Farm or expand your current Pig Farm, you need a business plan.
The following Pig Farm business plan template gives you the key elements to include in a winning Pig Farm business plan.
You can download our business plan template (including a full, customizable financial model) to your computer here.
Below are links to each of the key sections of your Pig Farm business plan: I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan
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Pig Farm Business Plan Home I. Executive Summary II. Company Overview III. Industry Analysis IV. Customer Analysis V. Competitive Analysis VI. Marketing Plan VII. Operations Plan VIII. Management Team IX. Financial Plan
Home » Business ideas » Agriculture Industry » Livestock Farming » Pig Farming
How to Write a Pig Farming Business Plan [Sample Template]
Pigs might not be rampant pets in the households, but they are sure money spinners when pig farming come stop play. Pig farming has been in existence for a very long time and indeed has come to stay. This is one of the best forms of farming that you can begin to look at starting. One of the truths about this business is hinged on the fact that you can start with little capital
A Sample Pig Farming Business Plan Template
1. industry overview.
The agricultural sector of which livestock farming or better still pig farming is a part of is 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 to go 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 by products 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, sus scrofa), 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, pedigree record services and vaccination et al.
The Livestock Farming industry of which pig farming line of business is a part 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.
Interesting Statistics About the Pig Farming Industry
Statistics has it that in the United States of America alone, there are about 51,712 registered and licensed livestock farming business (pig farming inclusive) responsible for employing about 67,814 and the industry rakes in a whooping sum of $5 billion annually. The industry is projected to enjoy 1.4 percent annual growth.
If you are looking towards leveraging on the livestock industry to generate huge income, then one of your best bet is to start pig farming business. Pig farming business is all about mass – breeding of pigs for the sole aim of making profits. In most cases it is generally referred to as livestock farming business.
One thing is certain about pig farming business, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to sell your pigs because there are loads of people out there we eat pig meat (pork), and industries that make use of byproducts from pigs in manufacturing their products.
Over and above, pigs breeding business is indeed a profitable and thriving livestock breeding business that an entrepreneur who is interested in farming should consider going into. Although pork is not consumed in Arab countries and within the Muslim community, but that does not mean that the pig farming is not a thriving and profitable business venture
Before going into pig farming, ensure that you have done your market survey and feasibility studies so as to ensure that there is a market for pigs cum pork in the community you intend building your pig piggery.
2. Executive Summary
Humphrey GT & Family Farms Ltd is a registered and licensed livestock farming company that will be based in the outskirt of Iowa, Des Moines– united states. We have done our detailed market research and feasibility studies and we were able to secure fifty hectares of land to start our livestock breeding business.
Our livestock breeding business is a going to be standard one hence will be involved in commercial breeding of pigs and other livestock. We will be involved in boarding services, breeding services, dairy support services, livestock health services, farrier services, and shearing services et al.
In the nearest future, hopefully within the first five years of officially running Humphrey GT & Family Farms Ltd, we will start our meat (pork) processing plant and also start exporting our products to other parts of the world.
Which is why aside from the fact that we’ve secured the required farming land for breeding pigs in commercial level, we have also hired some key employees who are currently undergoing training so as to be able to fit into the ideal picture of the 21 st century livestock breeding workforce that we want to build.
We are in the pig farming business because we want to leverage on the vast opportunities available in the livestock farming industry, to contribute our quota in growing the U.S. economy, in national food (meat) production, raw materials production for industries, to export agriculture produce from the United States to other countries and over and above to make profit.
Humphrey GT & Family Farms Ltd is well equipped and well positioned to become one of the leading pig farming businesses in the United States of America, which is why we have been able to source for the best hands and equipment to run the business.
We have put process and strategies in place that will help us employ best practices when it comes to livestock breeding / pig farming processes and meat processing and packaging as required by the regulating bodies in the United States of America.
Humphrey GT & Family Farms Ltd is a private registered livestock farming company that is owned and managed by Humphrey G. Thomas and his immediate family members. The company will be fully and single handedly financed by the owner – Humphrey GT and his immediate family members at least for a period of time.
Before starting Humphrey GT & Family Farms Ltd, Jonah Humphrey GT has worked with some of the leading livestock farms in the United States of America and Canada. He has worked in the industry for well over 10 years before resigning to start his own livestock cum pig farming business.
3. Our Products and Services
Humphrey GT & Family Farms Ltd is a licensed livestock farming business that is committed to pig farming and meat (pork) processing and packaging for both the United States’ market and the global market. We will also produce related raw materials for industries in commercial quantities.
We will also ensure that we operate a standard food processing plant as part of our complimentary business offering. These are the areas we will concentrate on in our livestock (pig) farming business. If need arises we will definitely add more related animal breeding services to our list;
- Sale of Pig and other livestock
- Sale of processed meat (pork)
- Boarding services
- Breeding services
- Dairy support services
- Livestock health services
- Farrier services
- Sale and export of cotton wool and other dairy products
- Shearing services
- Livestock / pig farming related consultancy and advisory services
4. Our Mission and Vision Statement
- Our Vision is to become one of the leading livestock farming brands not just in Des Moines – Iowa, but also in the United States of America and Canada.
- Our mission is to sell our produce (piglet and pigs), byproducts and processed meat (pork) in commercial quantities both locally, nationally and internationally.
- We want to build a livestock farming business that can favorably compete with other leading livestock farming brands in the United States of America and Canada.
Our Business Structure
Humphrey GT & Family Farms Ltd is a livestock cum pig farming company that intend starting small in Des Moines – Iowa, but hope to grow big in order to compete favorably with leading livestock farms in the industry both in the United States and on a global stage.
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. This is why we are committed to only hire the best hands in and around Iowa.
At Humphrey GT & Family Farms Ltd, 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).
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 five years or more as agreed by the management of the farm. In view of the above, Humphrey GT & Family Farms Ltd have decided to hire qualified and competent hands to occupy the following positions. Below is the business structure of Humphrey GT & Family Farms Ltd;
- Chief Operating Officer (Owner)
General Farm Manager
Administrator / Accountant
Piggery Manager / Supervisor
- Sales and Marketing Executive
- Field Employees
- Front Desk Officer
5. Job Roles and Responsibilities
Chief Operating Officer:
- 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.
- Responsible for providing direction for the business
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- 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
- Supervises other section manager
- Ensures compliance during project executions
- Provides 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, fishes, birds and animals
- Responsible for overseeing the accounting, costing and sale of farm produce after harvest
- 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
- 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 across the various farming sections.
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- 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
- Responsible for managing the commercial breeding of pigs and other livestock.
- Responsible for managing boarding services, breeding services, dairy support services, livestock health services, farrier services, and shearing services et al.
- Works closely with the General Manager to achieve the organizations’ goals and objectives
Sales and Marketing Officer
- Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
- Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of new business
- Writes winning proposal documents, negotiate fees and rates in line with company policy
- Responsible for handling business research, marker surveys and feasibility studies for clients
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Develops, executes and evaluates new plans for expanding increase sales
- Documents all customer contact and information
- Represents the company in strategic meetings
- Helps to increase sales and growth for the company.
Field Workers / Contract Staff
- Responsible for feeding pigs and other livestock as instructed by the supervisor
- Responsible for cleaning the piggery
- Changes the water in piggery as instructed by the supervisor on a regular basis
- Handles farm implements and machines as instructed by the section manager / supervisor
- Assists in handling the breeding of piglets, pigs and other livestock
- Carries out task in line with the stated job description
- Assists in transport working tools and equipment from the farm and back to the designated store room
- Handles any other duties as assigned my the line manager
Client Service Executive / Front Desk Officer
- Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
- 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. to ensure accurate and helpful information is supplied to clients
- Receives parcels / documents for the company
- Distributes mails in the organization
6. SWOT Analysis
Humphrey GT & Family Farms Ltd does not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard pig farming business that will favorably compete with leading livestock farms in the United States of America and in the rest part of the world.
As a pig farming business, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Humphrey GT & Family Farms Ltd;
Our strength as a livestock farming business is the fact that we have healthy relationships with loads of major players (agriculture merchants) in the livestock farming industry; both suppliers and buyers within and outside of the United States.
We have some of the latest livestock farming machines, tools and equipment that will help us breed pigs and other livestock in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in livestock farming industry under our payroll.
Our weakness could be that we are a new livestock cum pig farms in the United States and we may not have the required cash to pump into the publicity of our business. 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.
The opportunities that are available to us as a pig farming business cannot be quantified, we know that there are loads of people, and industries that will source for pigs, pork, and also industries that will source for the raw materials from our livestock farms both in the United States of America and other parts of the world.
Some of the threats and challenges that we are likely going to face when we start our own livestock farm cum piggery business 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 animals) as our livestock farms within same location.
There is hardly anything you can do as regards this threats and challenges other than to be optimistic that things will continue to work for your good.
7. 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 their product 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. As a matter of fact, 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.
8. Our Target Market
As you would expect, the target market of those who are the end consumer of livestock farm produce and also those who benefits from the business value chain of the agriculture industry is all encompassing; it is far – reaching.
Every household consumes produce from livestock farms be it meat, milk, and the skin (leather) used for bags, belts and shoes production et al. So also a large chunk of manufacturing companies depends on livestock farms for some of their raw materials. In essence a pig farmer should be able to sell his or her farm produce to as many people as possible.
We will ensure that we position our business to attract consumers of agriculture produce 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 livestock farm produce either in raw form or processed form to other countries of the world.
Our Competitive Advantage
It is common to find entrepreneur flocking towards an industry that is known to generate consistent income which is why there are more commercial livestock farmers in the United States of America and of course in most parts of the world.
For example, Statistics has it that there were 2.2 million farms in the United States of America, covering an area of 922 million acres. These goes to show that there are appreciable numbers of livestock farmers in the United States of America but that does not mean that there is stiffer competition in the industry.
As a matter of fact, entrepreneurs are encouraged by the government to embrace commercial farming / livestock farming. This is so because part of the success of any nation is her ability to cultivate her own food and also export foods to other nations of the world.
Humphrey GT & Family Farms Ltd is fully aware that there are competitions when it comes to selling livestock and meats all over the globe, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States and in other parts of the world.
We have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are effective and reliable livestock farming processes that can help us sell our livestock and processed meat at competitive prices, good network and excellent relationship management.
Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we will operate an all – round standard commercial livestock farms that will be involved in diverse areas such as animal rearing and meat processing and packaging plant. With this, we will be able to take advantage of all the available opportunities within the industry.
Lastly, our employees will be well taken care of, and their welfare package will be amongst the best 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 objectives as a standard commercial livestock farms with a meat processing and packaging plant.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Humphrey GT & Family Farms Ltd is in the livestock breeding industry cum pig farming business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives.
In essence we are not going to rely only on the sale of our livestock to generate income for the business but also other business interests within the value chain. Below are the sources we intend exploring to generate income for Humphrey GT & Family Farms Ltd;
10. Sales Forecast
From the survey and market research conducted, we were able to discover that the sales generated by a commercial livestock farm depend on the size of the farm, the network of the farm.
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.
We have been able to critically examine the agriculture industry cum commercial livestock farm business and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some workable assumptions as well with respect to the nature of commercial livestock farm / pig farming business that we want to run.
Below are the projections that we were able to come up with for the first three years of running Humphrey GT & Family Farms Ltd;
- First Fiscal Year-: $200,000
- Second Fiscal Year-: $450,000
- Third Fiscal Year-: $700,000
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), and unfavorable government policies . Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales Strategy
We are quite aware that the reason why some commercial livestock farms hardly make good profits is their inability to sell off their livestock to a larger market. In view of that, we decided to set up a standard meat processing and packing plant to help us maximize profits in the industry.
Our goal is to grow Humphrey GT & Family Farms Ltd to become the leading livestock cum pig farms in the whole of Des Moines – Iowa and environ which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with in the livestock farming industry.
Over and above, we have perfected our sale and strategies in marketing our commercial farm produce;
- Introduce our business by sending introductory letters alongside our brochure to stake holders in the agriculture industry, companies that rely on the livestock farming industry for their raw materials, hotels and restaurants and agriculture produce merchant et al.
- Advertise our business and livestock farms in agro – allied and food related magazines and websites
- List our commercial livestock farms on yellow pages ads (local directories)
- Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al.
- Attend related agriculture / livestock and food expos, seminars, and business fairs et al
- Leverage on the internet to promote our business
- Engage in direct marketing
- Encourage the use of word of mouth marketing (referrals)
11. 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 (both 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 commercial livestock farming business. Below are the platforms we want to leverage on to boost our commercial livestock cum pig farm brand and to promote and advertise 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 Des Moines – Iowa
- Engage in road show from time to time in targeted neighborhoods
- Distribute our fliers and handbills in target areas
- Contact corporate organizations and residence in our target areas by calling them up and informing them of Humphrey GT & Family Farms Ltd and the farm produce we sell
- List our commercial livestock farms in local directories / yellow pages
- Advertise our commercial livestock farms in our official website and employ strategies that will help us pull traffic to the site.
- 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.
12. Our Pricing Strategy
We are aware that if you want to get the right pricing for your livestock, then you should ensure that you choose a good location for your commercial livestock farm, choose a good breed that will guarantee steady and multiple breeding (prolific breeds), 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 livestock or even your produce to the market to source for buyers; with this, you would have successfully eliminate the cost of transporting the goods to the market and other logistics.
So also, we are quite conversant that one of the easiest means of penetrating the market and acquiring loads of customers for all our livestock produce is to sell them at competitive prices hence we will do all we can to ensure that the prices of our livestock and processed and packaged beef are going to be what other commercial livestock farmers would look towards beating.
One thing is certain; the nature of commercial livestock farming we are involved in makes it possible for farmers to place prices for their livestock / farm produce based on their discretion without following the benchmark in the industry. The truth is that it is one of the means of avoiding running into loss. The easier you sell off your livestock when they are mature the better for your business.
- Payment Options
The payment policy adopted by Humphrey GT & Family Farms Ltd 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.
Here are the payment options that Humphrey GT & Family Farms Ltd will make available to her clients;
- Payment via bank transfer
- Payment with cash
- Payment via online bank transfer
- Payment via check
- Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. 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 for our livestock and processed pork.
13. Startup Expenditure (Budget)
When it comes to calculating the cost of starting a commercial livestock farm, there are some key factors that should serve as a guide. The most important expenses are the construction of the piggery, cattle ranch / cages / fencing as the case may be.
For example, the start – up cost for a fish farm is different from the start – up cost for mechanized crop farming, so also the start – up cost for poultry farming is different from the start – up cost of cattle ranch (dairy farm) et al. As a matter of fact, if you choose to start mechanized crop farming, then you should be willing to raise huge capital base to start the business.
This is so because some cultivation machines / equipment can be pretty expensive. Below are some of the basic areas we will spend our start – up capital in setting up our commercial livestock cum pig farm;
- The Total Fee for incorporating the Business in United States of America – $750.
- 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 (for construction of piggery and cages / fencing et al et al) – $70,000
- The cost for acquiring the required working tools and equipment / machines / fencing et al– $50,000
- The amount required for purchase of the first set of piglets, pigs and other livestock – $50,000
- 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
Going by the report from detailed research and feasibility studies conducted, we will need an average of $350,000 to start a standard commercial livestock cum pig farming business in the United States of America.
Generating Funding/Startup Capital for Shae’s Touch Studios Business
No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a business such as greenhouse commercial farming.
No doubt raising start – up capital for a business might not come cheap, but it is a task that an entrepreneur must go through. Humphrey GT & Family Farms Ltd is a family business that will be owned and managed by Humphrey G. Thomas and his immediate family members.
They are the sole financial of the firm, 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. These are the areas where we intend sourcing for fund for Humphrey GT & Family Farms Ltd;
- 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
- Generate a larger chunk of the startup capital from the bank (loan facility).
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 $250,000 from our bank. 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.
14. Sustainability and Expansion Strategy
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 (company), then it won’t be too long before the business close shop.
One of our major goals of starting Humphrey GT & Family Farms Ltd 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.
We know that one of the ways of gaining approval and winning customers over is to sell our farm produce (livestock and processed pork) 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.
Humphrey GT & Family Farms Ltd 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 organization’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more as determined by the management of the organization. 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.
Check List / Milestone
- ” target=”_blank” rel=”noreferrer noopener”>Business Name Availability Check: Completed
- Business Incorporation: Completed
- Opening of Corporate Bank Accounts various banks in the United States: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Application for business license and permit: Completed
- Purchase of All form of Insurance for the Business: Completed
- Leasing of livestock farm land in Des Moines – Iowa: Completed
- Conducting Feasibility Studies: Completed
- Start – up Capital Generation: Completed
- Writing of Business Plan: Completed
- Drafting of Employee’s Handbook: Completed
- Design of The Company’s Logo: Completed
- Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
- Recruitment of employees: In Progress
- Building /construction of cages and fence et al: In Progress
- Purchase of the needed working tools, machines and equipment: Completed
- Creating Official Website for the Company: In Progress
- Creating Awareness for the business (Business PR): In Progress
- Farm land Treatment, Health and Safety Arrangement: In Progress
- Establishing business relationship with vendors and key players in the industry (agriculture farm produce merchants and transporter / haulage companies): Completed
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