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Making a Risk Management Plan for Your Business

It’s impossible to eliminate all business risk. Therefore, it’s essential for having a plan for its management. You’ll be developing one covering compliance, environmental, financial, operational and reputation risk management. These guidelines are for making a risk management plan for your business.

Developing Your Executive Summary

When you start the risk management plan with an executive summary, you’re breaking apart what it will be compromised of into easy to understand chunks. Even though this summary is the project’s high-level overview, the goal is describing the risk management plan’s approach and scope. In doing so, you’re informing all stakeholders regarding what to expect when they’re reviewing these plans so that they can set their expectations appropriately.

Who Are the Stakeholders and What Potential Problems Need Identifying?

During this phase of making the risk management plan, you’re going to need to have a team meeting. Every member of the team must be vocal regarding what they believe could be potential problems or risks. Stakeholders should also be involved in this meeting as well to help you collect ideas regarding what could become a potential risk. All who are participating should look at past projects, what went wrong, what is going wrong in current projects and what everyone hopes to achieve from what they learned from these experiences. During this session, you’ll be creating a sample risk management plan that begins to outline risk management standards and risk management strategies.

Evaluate the Potential Risks Identified

A myriad of internal and external sources can pose as risks including commercial, management and technical, for example. When you’re identifying what these potential risks are and have your list complete, the next step is organizing it according to importance and likelihood. Categorize each risk according to how it could impact your project. For example, does the risk threaten to throw off timelines or budgets? Using a risk breakdown structure is an effective way to help ensure all potential risks are effectively categorized and considered. Use of this risk management plan template keeps everything organized and paints a clear picture of everything you’re identifying.

Assign Ownership and Create Responses

It’s essential to ensure a team member is overseeing each potential risk. That way, they can jump into action should an issue occur. Those who are assigned a risk, as well as the project manager, should work as a team to develop responses before problems arise. That way, if there are issues, the person overseeing the risk can refer to the response that was predetermined.

Have a System for Monitoring

Having effective risk management companies plans includes having a system for monitoring. It’s not wise to develop a security risk management or compliance risk management plan, for example, without having a system for monitoring. What this means is there’s a system for monitoring in place to ensure risk doesn’t occur until the project is finished. In doing so, you’re ensuring no new risks will potentially surface. If one does, like during the IT risk management process, for example, your team will know how to react.


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Goat Farming Business Plan Template

Written by Dave Lavinsky

goat farm business plan

Goat Farming Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and goat farmers create business plans to start and grow their goat farms.

If you’re unfamiliar with creating a goat farming business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a goat farming business plan 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 commercial goat farming business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies 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 goat busienss or grow your existing goat farm, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your goat business to improve your chances of success. Your goat farming business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Goat Farms

With regards to funding, the main sources of funding for a goat farming business are personal savings, credit cards, bank loans, and angel investors. When it comes 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 ensure 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 goat farms.

    Finish Your Business Plan Today!

How to write a business plan for a commercial goat farm.

If you want to start a goat farming business or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your goat farming business plan.  

Executive Summary

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 kind of commercial goat farming business you are running and the status. For example, are you a startup, do you have a goat farming business that you would like to grow, or are you operating an established goat farming business that you would like to sell?

Next, provide an overview of each of the subsequent sections of your plan.

Company Overview

In your company overview, you will detail the type of goat business you are operating.

For example, you might specialize in one of the following types of commercial goat farming businesses:

In addition to explaining the type of goat farming business you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

Industry Analysis

In your industry or market analysis, you need to provide an overview of the goat farming industry. While this may seem unnecessary, it serves multiple purposes.

First, researching the goat farming industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason 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 goat farm business plan:

Customer Analysis

The customer analysis section of your goat farm business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, schools, families, and corporations.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of goat farm you operate. Clearly, individuals would respond to different marketing promotions than corporations, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.  

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other goat farms.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This may include other types of meat farms, meat and dairy alternatives, pet stores, or other types of fibers depending on which type of goat farm you decide to operate. You need to mention such competition as well.

For each such competitor, provide an overview of their business 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

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:

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a commercial goat farming business, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of goat farm that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you sell milk, cheese, meat, fibers, or goats?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your goat farm. Document where your company is situated and mention how the site will impact your success. For example, is your goat farm business located in a rural area with access to a highway, in a suburb near your target customer base, or in your backyard? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your goat farming marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

Operations Plan

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 goat farm, including answering calls, caring for your goats, meeting with customers, billing and collecting payments, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to acquire your Xth customer, or when you hope to reach $X in revenue. It could also be when you expect to expand your commercial goat farming business to a new region.  

Management Team

To demonstrate your goat farm’s potential 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 goat 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 as 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 goat farm or successfully running a farm.

Financial Plan

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 revenue 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 have 30 goats on your farm, and will each goat produce an average of 3 quarts of milk per day? 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 goat 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 lender 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 ensure you never run out of money. What most entrepreneurs and goat farmers don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a goat farming business:

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 farm location lease or photos of your farm and goats.  

Writing a business plan for your goat 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 understand the goat farming industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful goat farming business.  

Goat Farming Business Plan Template FAQs

What is the easiest way to complete my goat farming business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your goat farming business plan.

How Do You Start a Goat Farming Business?

Starting a goat farming business is easy with these 14 steps:

Finish Your Goat Farming Business Plan in 1 Day!

Or, let us develop your plan for you.

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.

Click here to hire someone to write a business plan for you from Growthink’s team.  

Other Helpful Business Plan Articles & Templates

Business Plan Template For Small Businesses & Entrepreneurs

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Your Farm's Business Plan

A good farm business plan is your roadmap to start-up, profitability, and growth, and provides the foundation for your conversation with USDA about how our programs can complement your operation. Your business plan will be a living document that you can change as your vision and circumstances shift. 

On This Page

Key resources for planning your business, farm service agency (fsa).

Staff at your local service center, as well as your State Beginning Farmer Coordinator can connect you to local resources in your community to help you establish a successful business plan. If you are applying for a loan your loan officer will review your business plan and assist you in translating your plan and farm vision to your application.

This FSA business plan template is part of the application and shows you the type of information you should gather when preparing your plan and application materials.

The Score Mentorship Program partners with USDA to provide:

Learn more about the program through the Score FAQ .

Other Farm Business Resources

Special Considerations

Conservation and Risk Management

Another key tool is a conservation plan, which determines how you want to improve the health of your land. USDA’s Natural Resources Conservation Service can help you develop a conservation plan for your land, based on your goals, at your local USDA Service Center . 

A conservation plan can help you layout your plan to address resource needs, costs and schedules. Learn more about  conservation in agriculture .

Crop insurance, whole farm revenue protection and other resources can help you prepare for unforeseen challenges. Learn more about disaster recovery .

Prepare for Your Visit to a USDA Service Center

Once you've written out a business plan for your operation, prepare for your visit to a USDA service center. During your visit, we can help you with the necessary steps to register your business and get access to key USDA programs.

Learn more about how to work with your USDA Service Center

Setting Up and Financing Your Business

Tips to consider when setting up your business.

Use the New Farmers Checklist to understand the steps you might need to take before setting up your operation.

Learn more about how you can get funding for your operation on our Land and Capital page .

Learn more about opportunities for  beginning farmers and ranchers .

Details of a Small Farm Business Plan

small stock farming business plan

Writing a farm business plan can be a tool for you to plan your farming business. It can also be a requirement of securing grants and loans for your farm business. The process of writing a farm business plan may seem overwhelming and intimidating at first, but if you break it down into its component steps, it becomes much more manageable.

What Is a Business Plan?

A business plan is a roadmap for your small farm . It is both process and product. During the writing of a farm business plan, you'll develop an overall vision and mission for your business. You will think about your short- and long-term goals. You'll define the steps needed to achieve those goals. You'll set the direction for your business to develop over the next five years.

If you're already an established business, your new business plan will show where you're going next. A good business plan should be:

Mission Statement

Your farm’s mission statement is your overarching purpose for your business:

This is beyond “make money.” This mission statement is based on your values and your core identity as a small farm.

The goals in your business plan are the specific, measurable “things” you will achieve with your small farm. Short-term goals are defined as those that you will complete within one year. Long-term goals are those that take longer than one year to complete.

SMART Goals are:

Background Information

In this section of your business plan, take inventory of what you have right now:

Farm Strategy

This is where your business plan gets to looking forward. You are going to formulate your farm strategy from now into the next five years or so.

Marketing Strategy and Plan

In the next part of your farm business plan, you develop and outline a marketing strategy for your products and services. This can build on the research you did in the previous step. For each product, include ​the price, placement, and promotion ideas. Consider how you will convey real and perceived value to your customers.

Management Summary

This part of your business plan details your farm business’ structure. Everyone who is involved in the management of the business should be listed here. External resources are listed here as well.

Financial Analysis

In this section, you will need to detail the financial aspect of your farming operation. List your current finances in detail, including all income and operating expenses. Referring to your new strategy, you will forecast what is needed for future growth and to meet the goals you have outlined in terms of capital. Include what your future operating expenses will be.

Pulling It All Together

Writing a farm business plan is a big project. Don’t let that put you off. Your plan can be as simple as it needs to be for right now. Begin with your mission statement and goals. Do your homework by analyzing markets and researching competitors and trends. Have fun brainstorming alternative strategies and let them marinate a while. Take it one step at a time.

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small stock farming business plan

Small Business Trends

How to create a farm business plan.

small stock farming business plan

Creating a farm business plan is a way for you to formalize your thoughts, ideas and goals. As such, the process can be a real eye-opener.

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Do I need a Business Plan for my Farm?

Writing a farm business plan template: 15+ things entrepreneurs should include, 1. executive summary.

As you write the executive summary, imagine that someone is looking over your shoulder, reading it. Those people you’re imagining include potential lenders, business partners and customers.

2. Goals and Objectives

3. introduction, 4. mission statement and values of your farming business plan.

This is the topic that gives you the chance to talk about the personal values that led you to the farm business, whether it’s agriculture or a farm-made product. The Mission Statement does this.

5. Industry History

6. company background and history.

If this business plan involves your family farm, talk about the history of that, including key events. And if it’s not your family farm, talk about the history of the farm leading up to your purchase.

7. Competitor Analysis

8. target market.

Your main page should include your contact information and an email address. It should link to other pages. Those pages describe each product and price. You can also provide links to articles about your product or links to articles about your type of farm. First, make sure it’s okay to use the article if it is copyright material. Copyright your website.

9. Products and Services

10. organization, human resources and management plans, 11. swot analysis, 13. growth strategy, 14. financial plan, 15. marketing strategy, how do i write a small farm business plan, how do you start a farm business plan.

Start with one piece of the business plan. One of the hardest sections of a business plan to write is the Mission Statement. If you get bogged down there, continue and come back to it later.

How much do farm owners make a year?

How much does it cost to start a small farm, what is the most profitable farming business.

Poultry farming is currently the most profitable – and common – farm business in the world. It includes chicken, turkey, quail, ducks and goose, that are being raised for meat or eggs.

Best Goat Farming Business Plan For Beginners

Are you a beginner in goat farming? Looking for goat farming business plan for beginners? If yes, then you are in the right place. Here we are trying to describe more about profitable goat farming business, especially for beginners. Hope this guide will be very helpful for you!

Actually a suitable and effective business plan is a must for starting any business. As goat farming is a proven highly profitable business so, it is very necessary to make a proper goat farming business plan before starting this business. Make a clear and up to date business plan before investing your money in this market.

Although goat farming project requires less capital and investment than raising any other livestock such as cattle or buffalo. But you will need high investment if you want to start a commercial production.

You can start goat farming business with a very small investment, if you start with a minimum number of goats. But goat farming is very profitable and you will get more profits from goat farming business than any other livestock farming business .

Table of Contents

Goat Farming Business Plan For Beginners

Making an effective goat farming business plan for beginners is very important for making high profits from this business. Main reasons of the the high popularity and rapid spreading of this business throughout the world are high profit within a very short time, little investment requirement, huge global demand of goat products.

If you want to start this business and if you have the ability of making a plan perfectly then you will defiantly be able to achieve the highest profit from goat farming business. If you are a beginner in this business, then we recommend contacting some successful goat producers in your area and visit some farms practically.

By visiting some farms and goat producers you will get some clear ideas about the pros and corns of this business. This will help you running your business perfectly. However, for making a suitable goat farming business plan for beginners, read the following criteria very carefully. Try to include everything in your business plan before starting this business .

Try To Complete A Training First

Starting a new commercial goat production system is simple and easy. That’s why this business is good for the beginners. If you are a beginner, then we recommend having training first before starting this business. You can contact your local agriculture extension office to learn more about the availability of training facility in your area.

Have Your Investment Ready

Large scale or commercial goat farming business require relatively high investment. So, try to have your investment ready before starting. You can either invest money you already have, or you can also apply for bank loan. There are many government and non-government banks available who are providing loan for starting commercial goat farming business .

Select A Good Location

Selecting a good and suitable farm area for your business is a very important part of your goat farming business plan. Try to select such an area which has all required facilities for successfully starting and operating this business.

Ensure a good source of fresh water is available in your area. Having a good food (especially greed foods) source near your farm area will be very helpful. Ensure all types of required materials are easily found near your selected area.

Good transportation system is a mandatory. And also ensure full time labor is available in your selected area. Try to select the location near a market so that you can easily purchase required materials and also sell your products.

Goat Products

First of all, make a clear decision of what do you really want to produce and sell from your goat farming business . Goats are multi-purpose animals. You can produce many products such as milk, meat, fiber, manure and skin form goats.

Go to your nearest market and try to understand which goat products have a high demand in the market. Try to produce those products which you can sell easily in your local market. Otherwise you will lose money instead of being benefited.

goat farming business, goat farming business plan, goat farming business plan for beginners

For an example, you have established a dairy goat farming business. And your goats are producing milk highly. But there are a little or no goat milk consumer in your local market. Then what will you do with your production? So, always keep in mind this factor and try to produce those products which you can sell easily in your local market.

If you have a good facilities for marketing your products internationally, then you can produce any product from your farm. Otherwise emphasis on local demand. However, make a good decision of what you are going to produce form your goat farming business .

Nowadays goat meat is very popular and has great demand throughout the world. And this rate is increasing rapidly day by day. A report shows that about 70% of total consumed meat globally comes form the goat.

Goat milk is enriched with many necessary nutrition elements and it is easily digestible. As a result it has huge demand in local and international market. Goat milk is also very suitable for making all types of dairy products.

If you want to produce fiber form your farm then Cashmere and Angora goat are very suitable. Both are highly fiber productive.

All goat breeds produce skin. But few of them produce high quality skin. For business purpose Black Bengal goat produces high quality skin. And their skin has a high demand and value in the international market.

Select Right Goat Breed For Your Business

Selecting the right breed for your production is also very important. Because your production will not be profitable if you can’t choose the right breed. There are actually many different goat breeds available throughout the world. Some of these breeds are good for meat, some are good for milk and some are good for both purpose. But you have to choose the right breed for your production.

Best meat goat breeds

If you want to produce meat, then you have to choose from the best meat goat breeds . Some best meat goat breeds are Black Bengal , Boer , Kalahari Red , Kiko , Fainting , Nubian , Rangeland , Sirohi , Spanish , and Verata Goats . You can choose any of these breeds depending on it’s availability in your area. You can also consider local breeds, if there are any.

Best dairy goat breeds

You have to choose from the top dairy goat breeds , if you want to produce milk. Some best dairy goat breeds are Alpine , Saanen , LaMancha , Jamunapari , Toggenburg , Nubian , Oberhasli , Golden Guernsey , Sable and Nigerian Dwarf Goats . You can choose any of these breeds depending on it’s availability in your area. If there are any local breeds in your area, then you can also consider those goats.

Dual-purpose goat breeds

Some goats are good for both meat and milk production, and they are called dual-purpose goat breeds. Some popular dual-purpose goat breeds are Nubian, Alpine, Nigerian Dwarf etc.

Purchase Required Equipment

Most common and required goat farming equipment are fencing, shelter or pen, feeding racks, water, loafing sheds, feeds or silage storage, animal sick bay, and manure handing bay. You can either purchase or DIY some of these equipment.

Goat Housing

You must have to make a good housing system for commercial goat farming business. Try to make separate house for your different types of goats. Ensure all facilities are available for your goats inside the house. Good house also helpful for keeping the goat healthy and free from diseases. Investment in goat housing system is fixed. And you can use one house for several years. So, think wisely before making the house for your goats.

Feeding Goats

Goats are ruminants. They eat almost all types of crops, grains and greens. It will be better if you have a grazing place where your goats can roam freely. Because goats are able to intake most of their required food from pasture.

goat, goat farming, goat farming business plan, goat farming business plan for beginners

If you can allow your goats to consume food from natural sources, then it will also reduce your feeding costs.

You can also feed your goats with commercially prepared goat feed. This type of foods are highly nutritious and are able to fulfill all their nutritional demands. But price of commercial feeds are higher. And you can reduce the costing by giving your goats a mix of commercial and natural foods.

Goats are naturally very good breeders. They will breed easily if you keep good ratio of bucks and does in your herd. Generally, 1 buck is enough for breeding 20-30 does. Keep the breeding records in a notebook.

Health & Caring

Always try to raise your goats hygienically. Keep good contact with a vet in your area and ask him/her for help if anything goes wrong. Stock some necessary vaccines and medicines in your farm, if possible. Always vaccinate your goats timely.

Always try to take good care of your goats. And take extra care of the breeding bucks, pregnant doe, nursing doe and the kids.

Special Considerations

Before making a goat farming business, plan consider your budget and some other factor related to this business. How much capital do you have? How many facilities can you provide to your goats with this capital? Which product do you want to produce form your farm? What are the natural facilities available there in your area for goat farming? Is there any market available for selling your products in proper price? Is there any grazing place near your farm? Can you provide provide proper treatment and medicines?

If all the answers become positive then you should start goat farming business immediately. Wish your happy and profitable goat farming business.

Frequently Asked Questions (FAQ)

Popularity of goat farming business is increasing gradually. That’s why many people are trying to learn more about this business. Especially, the beginners ask us many questions about starting and operating a successful goat farming business. However, here we are trying to list the most common questions and trying to answer them. Hope you will find your answer. Don’t hesitate to ask us if you have more questions.

How to start goat farming business?

Starting a goat farming business is relatively easy. First of all select a good farm area, make a good business plan, choose the right breed, feed your goats with good quality and nutritious food and always try to take good care of your goats.

What is the primary requirement to succeed in goat farming?

An effective and well recharged goat farming business plan will help you achieve much success in goat farming business within short period of time.

Is goat farming really a profitable business?

Yes, sure! Goats are highly efficient for converting low quality foods into high quality meat. Commercial production of goat is more profitable than small scale production.

How much profit do you make on goat?

It’s not possible to tell the exact amount. Because it depends on numerous factors. Please consult with some existing farmers in your area for having more accurate idea.

Which breed of goat is most profitable?

It’s actually depends on your production purpose. If you go for meat production, then Boer, Black Bengal, Kalahari Red, Kiko, Fainting, Nubian, Rangeland, Sirohi, Spanish and Verata goats will be very good for you.

But if you go for milk production, then Alpine, Saanen, LaMancha, Jamunapari, Toggenburg, Nubian, Oberhasli, Golden Guernsey, Sable and Nigerian Dwarf goats will be good for you!

How much money does 100 goats make?

Please visit the goat farming project report on our website for having some ideas.

How can I invest in goat farming?

We recommend having practical knowledge before investing in commercial goat farming business. Try to complete a training first and also try to visit as many farms as you can before starting. Doing this will enhance your knowledge, and you will be able to operate your farm better.

Which is more profitable goats or sheep?

Both are profitable. But goat farming seems to be more profitable than sheep farming .

How much space does 100 goats need?

Around 1500 square feet space.

How much money is required for goat farming?

Depends on the number of goats.

Can I get loan for goat farming?

YES, definitely! You can get loan from most government and non-government banks or NGOs.

How much does it cost to feed a goat daily?

Less than $1 in most cases. Feeding costs actually depends on the type of food you feed to your goats.

What do goats eat on a farm?

Hay is the main source of nutrients for goats apart from their range.

What is the cheapest way to feed goats?

Giving your goats weedy hay is the cheapest way to feed them. Because it is very cheap and contain a large amount of necessary nutrition.

Can a goat live on only grass?

YES! Goats are highly efficient in converting low quality foods to good quality meat. And yes, a goat can live on only grass.

goat, goat farming, goat farming business plan, goat farming business plan for beginners

Do goats need grain everyday?

NO! But if you have meat goats, then providing grain daily will be very good. On an average, around half pound of grains per day per goat will be good.

How much water do goats drink daily?

It depends on the size of the breed. Generally a large goat drink between 2 and 3 gallons of water daily. The quantity is less for the smaller sized goats.

Why is salt important for goats?

Goats need salt to help maintain healthy appetite and body weight, whether you are raising goats for milk or meat.

How can I make my goat grow faster?

Feeding the goats grains will help them to grow faster. Especially, feeding the corn and oats will help them to grow faster.

How many kg does a goat eat per day?

Can vary from 1 to 2 kg. Depends on the size of the goat.

How many goats do you need to start a goat farm?

Depends on your budget. The number can vary from just one to hundreds or even thousands of goats.

How do I start a small goat farm?

First of all select a good farm area, make a good business plan, choose the right breed, feed your goats with good quality and nutritious food and always try to take good care of your goats.

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20 thoughts on “best goat farming business plan for beginners”.

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hi i have a small business of meat goat (savanna goat) now i want to take it higher because i can see the demand in my i need tips on how to do do i make it work.

' src=

Great content and really educative.

' src=

Thanks for your honest opinion! Good luck!

' src=

I have found this interesting and I am asking for a complete business plan

' src=

i find this intresting because i want to start goat business

' src=

pls i need the best bread of goat for meat(the name)

' src=

i want to begin with Mubende Goat breed, Is it profitable?

' src=

Hi, Mahume Sekgala here,i enjoyed the tips and may you supply me with the complete plan, I just want to start the boergoat.

' src=

its a nice script that has guided me well on goat farming

Thanks for your honest opinion. Good luck 🙏

' src=

great article. i will surely try this out.

' src=

Can you help me to do a simplified business plan for goat farming? Thank you

' src=

Good morning, I echo the same need with Joubert that of being assisted with a basic or simplified business plan on goat farming. For starters, it would be profitable to farm for meat production. Kind regards, Solomon

' src=

Ohhhh Lea life is about trying out things let us make it a plan and start it

I have loved the idea so much and I have picked interest since so I want to start it by 2022 thanks

' src=

im interested in goad farming i need some advised

' src=

Hi there, Do you offer short courses on goat farming and vaule chain business on goats, Im starting goat farming so excited about the idea.

You have very interesting pointers thank you.

' src=

Thanks for the info,but kindly requesting for a goat biz plan specifically for (meat goats)

' src=

Type here..Thanks for this nice piece, pls can you help me with a business plan on goat farming? because I want to start the business

' src=

I have kiko goats. I am getting more and I would love to start my business just not sure where to start.

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How to Write a Business Plan for Farming and Raising Livestock

Last Updated: August 8, 2019 References Approved

This article was co-authored by Karin Lindquist . Karin Lindquist earned a BSc in Agriculture as an Animal Science major from the University of Alberta, Canada. She has over 20 years of experience working with cattle and crops. She's worked for a mixed-practice veterinarian, as a sales representative in a farm supply store, and as a research assistant doing rangeland, soil, and crop research. She currently works as a forage and beef agriculture extension specialist, advising farmers on a variety of issues relating to their cattle and the forages they grow and harvest. wikiHow marks an article as reader-approved once it receives enough positive feedback. This article received 17 testimonials and 93% of readers who voted found it helpful, earning it our reader-approved status. This article has been viewed 374,919 times.

A business plan is essential to have in place before you seek to start up a farm business, no matter what else you've done by way of preparation. In today's world, animal agriculture is more complex and more variable than it was 100 years ago. There are changing markets, high costs, low profit margins, different ways to raise cattle, and niche markets. The type of business plan you make is up to you, but the following step-by-step process of making a proper business plan will help you in the long run.

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Home » Business Plans » Agriculture Sector » Livestock Farming

How to Write a Goat Farming Business Plan [Sample Template]

Are you about starting a goat farm? If YES, here is a complete sample goat farming business plan template & feasibility study you can use as a beginner for FREE . Okay, so we have considered all the requirements for starting a goat farming business . We also took it further by analyzing and drafting a sample goat farming marketing plan template backed up by actionable guerrilla marketing ideas for goat farming businesses. So let’s proceed to the business planning section.

Why Start a Goat Farming Business?

If you are looking to start a goat farm, then you may want to consider it because of the following reasons. Are you considering going into goat farming business? You really should because of the following facts; Goat meat is in high demand. People love goat meat especially in Africa. So, you won’t have a hard time selling your goats.

Goats also have other uses apart from consumption of the meat. The skin of goats is a very good source of leather which can be used to make bags, shoes and other leather materials. Goat milk is also very nutritious and good for consumption. It is also used in the cosmetic industry to make body creams. Goat offal is also used in the pharmaceutical industry.

Goats are cheaper and easier to feed, making you spend very little on feeding them. Goats can feed on grass and other cheap food items. You could also manage them quite easily as they require very minimal supervision. Goat droppings are also a very good source of manure for people interested in buying organic manure.

Lastly, you can raise goats on very little capital compared to chicken or poultry farming. Goat farming is very easy and also very profitable but it is important to get enough information before you delve into this business to avoid mistakes and losses. This is a very quick guide on how to start goat farming.

A Sample Goat Farming Business Plan Template

1. industry overview.

The agricultural industry of which livestock farming or better still goat farming is a subset of is no doubt among the leading industry in most countries of the world; it is the industry that produces food for the populace and 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 goat farming.

There are several business opportunities available in the agricultural industry and one good thing about the industry is that there is market for all the produce from the industry. Goat farming is of course a thriving and profitable business because usefulness of goat meat and other by products from goats.

People eat goat meat, drink their milk, and use their fur and skin. With goat milk, cheese can be made, along with other dairy products. Some farmers use goats for weeding farmland. Other times, the goats are used to keep grasses and other plants from getting too tall. The diet of the domestic goat includes eating grass, leaves, shrubs, root vegetables, and other kinds of plants.

Goats come in different breeds with each breed having its own unique specifications and uses. Some goat breeds known as ‘dairy goats’ are raised mainly for the milk that they produce while some other breeds can grow very big and fat, hence, they are raised for meat purposes.

You must first decide on why you want to raise goats and then select a breed that is most suitable for that purpose. You could also raise both dairy goats and regular goats if you can afford to feed and care for them. 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, goats, hogs, horses, poultry and sheep, 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 (Goat Farming) industry is indeed a large industry and pretty much active in countries such as United States of America, Israel, Egypt, China, Germany, Turkey and Nigeria et al. There is no single livestock farming company that has dominate market share in the industry hence smaller goat farming business can successfully make profits.

Statistics has it that in the united states of America alone, there are about 51,712 registered and licensed livestock farming business 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 agriculture industry to generate huge income, then one of your best bet is to start goat farming business. Goat farming business is all about mass – breeding of goats for the sole aim of making profits. In most cases it is referred to as livestock farming business.

One thing is certain about goat 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 goats because there are loads of people out there we eat goat meat, drink goat milk and industries that make use of byproducts   from goats in manufacturing their products.

Over and above there are few barriers to entry into the livestock production industry. Usually, all inputs are readily available. In the nearest future, players in this industry may face the highest costs associated with accessing technology, especially in relation to genetic modification engineering in livestock breeding.

So also, intellectual property rights protecting new inventions and technology may mean that new entrepreneurs coming into the industry will need to pay license fees and this of course will cause increase in the start – up fee for starting a livestock breeding business.

2. Executive Summary

Jonah Livingston and Family Farms Ltd is a registered and licensed livestock farming company that will be based in the outskirt of Dallas, Texas – United States. We have done our detailed market research and feasibility studies and we were able to secure a hundred 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 goats 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 Jonah Livingston and Family Farms Ltd, we will start our meat 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 goats 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 goat 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.

Jonah Livingston and Family Farms Ltd is well positioned to become one of the leading goat farming business 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 / goat farming processes and meat processing and packaging as required by the regulating bodies in the United States of America.

Jonah Livingston and Family Farms Ltd is a private registered livestock farming company that is owned by Jonah Livingston and family. The company will be fully and single handedly financed by the owner – Jonah Livingston and his immediate family members at least for a period of time.

Before starting Jonah Livingston and Family Farms Ltd, Jonah Livingstone has worked with some of the leading livestock farms in the United States of America. He has worked in the industry for well over 10 years before resigning to start his own goat farming business.

3. Our Products and Services

Jonah Livingston and Family Farms Ltd is a licensed livestock farming business that is committed to goat farming and meat 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 farming business. If need arises we will definitely add more related animal breeding services to our list;

4. Our Mission and Vision Statement

Our Business Structure

Jonah Livingston and Family Farms Ltd is a livestock farming company that intend starting small in Dallas – Texas, 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 Dallas.

At Jonah Livingston and 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, we have decided to hire qualified and competent hands to occupy the following positions;

Below is the business structure of Jonah Livingston and Family Farms Ltd;

General Farm Manager

Administrator / Accountant

5. Job Roles and Responsibilities

Chief Operating Officer:

Cattle Ranch and Animal Manager / Supervisor

Sales and Marketing Officer

Field Workers / Contract Staff

Client Service Executive / Front Desk Officer

6. SWOT Analysis

Jonah Livingston and Family Farms Ltd do 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 goat 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 goat 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 Jonah Livingston and 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 goats 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 in our payroll.

Our weakness could be that we are a new livestock 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 cannot be quantified, we know that there are loads of homeowners, and industries that will source for goats, goat meat, and milk 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 you are likely going to face when you start your own livestock farm are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), unfavorable government policies and the arrival of a competitor (a commercial farm that rear same 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.


One of the common trends in the commercial livestock 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 / goat 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 goat farming / livestock farming has been in existence since time immemorial, that does not in any way make the industry to be over saturated; commercial goat farmers are exploring new technology to continue to improve goat farming processes and also meat preservation and packaging process. The fact that there is always a ready market for commercial goat 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 animal.

8. Our Target Market

Naturally, 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 goat meat, goat 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 goat 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 farm produce either in raw form or processed form to other countries of the world.

Our Competitive Advantage

It is easier to find entrepreneur flocking towards an industry that is known to generate consistent income which is why there are more commercial 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 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.

Jonah Livingston and 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.


Jonah Livingston and Family Farms Ltd is in the livestock breeding industry 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.

Below are the sources we intend exploring to generate income for Jonah Livingston and Family Farms Ltd;

10. Sales Forecast

From the survey conducted, we were able to discover that the sales generated by a commercial livestock farm depends 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 that we run.

Below are the projections that we were able to come up with for the first three years of running Jonah Livingston and Family Farms Ltd;

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.

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.

Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and companies that rely on raw materials from the livestock farming industry who are likely to refer become our customers.

In summary, Jonah Livingston and Family Farms Ltd will adopt the following strategies in marketing our commercial farm produce;

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 farm brand and to promote and advertise our business;

12. Our Pricing Strategy

Some of the factors that will help you sell your farm produce at the right price that will guarantee that you make profits is dependent on your strategy while some of the factors are beyond your control. For example, if the climatic condition is unfavorable and if there are natural disasters in the location where you have your commercial livestock farm, then it will directly affect the prices of your livestock.

Over and above, 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.

We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for all our agriculture 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 products 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.

The payment policy adopted by Jonah Livingston and 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 Nicolas Zebedee and Farms Limited will make available to her clients;

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.

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 expense is the construction of the 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 a 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 farm;

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 farming business in the United States of America.

Generating Funding / Startup Jonah Livingston and Family Farms Ltd

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.

Jonah Livingston and Family Farms Ltd is a family owned business and it will be financed by the owners of the company – Jonah Livingston and family. These are the areas where we intend sourcing for fund for Jonah Livingston and Family Farms Ltd;

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 Jonah Livingston and 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 beef ) 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.

Jonah Livingston and 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.

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