Pig Farming for meat production is one of the best and profitable business ideas. Looking for the agribusiness idea to venture, this is the right one.
Pig farming is the most potential source for meat production and pigs are more efficient feed converters after the broilers.
Knowing the right breeds to raise is very paramount. The Exotic breeds give you a quick return on investment. Exotic breeds consume about 20 % more food than local breeds, the heaviest can weigh up to 300kg, compared to 100kg, the maximum weight for local breeds. A pig can produce 24 to 30 piglets every year.
The global consumption of pork has increased over the years
For instance, Nigeria consumes about 8.5 million MT of Pork. There is a growing number of middlemen consumers demand more meat in key markets worldwide. There is a huge market demand for pig products.
Pig farming can serve as a major income earner and provides employment opportunities for anyone who needs to improve their standard of living.
REASONS WHY YOU SHOULD INVEST IN PIG FARMING
- Pigs are cheaper to raise compared to fishes because they can eat most foods that man eats and their feeds are cheaper than those of other animals.
- Pigs have low mortality rate. They are more rugged and easier to raise.
- Pigs yield higher proportion of edible meat and smaller proportion of bones when compared to cattle, sheep, or goat.
- The immune systems of pigs is higher than other animals. As long as you ensure your pigs are vaccinated regularly they won’t fall sick.
One of the required tool to run a lucrative and successful pig farming business is to have a well-developed PIG BUSINESS PLAN.
Business Plan is so much IMPORTANT!
A Pig Farming business plan is a written statement of your business goals, the process of attaining them . It Is a decision making tool representing all aspects of a business , finance marketing operations and human operations.
This Sample Pig Business Plan can used to source for funds from banks, venture capitalist and Individuals.
Indeed , You need a Road Map to where your Pig Farming business is going.
Before embarking on pig farming business , you need to figure out how the business will operate in terms of ownership, capitalization, production, marketing and targeted customers.
Below is a brief description of the Pig Farming Business Plan
IFY PIGGERY BUSINESS PLAN
TABLE OF CONTENTS
- Executive Summary
- Key Success factors
- Inherent risks
- Business ownership
- Location factors
- Available market
- products description
- Market demand
- Projected annual demand of porkers
- Demand supply gap of porkers
- Market Analysis
- Customers/market segregation
- Marketing plan
- Promotional strategy
- Marketing strategy
- Market positioning
- Projected sales
- Technical Analysis
- Schedule of operation
- Management and organization
- External support
- Values and norms of the company
- Legal issues
- Risk analysis
- SWOT analysis
- Exit strategy
- Other considerations and conclusion
- Economic justification
- Commercial viability
10 Company financials
10.1 Summary of project cost
10.2 Fixed capital investment
10.4 Other Expenses
10.5 Working capital forecast
10.6 Total investment outlay
10.7 Financial plan
10.8 Loan repayment schedule
10.10 Profit and loss account
10.11 Cash flow projection
11.0 Financial analysiS
1.0 EXECUTIVE SUMMARY
The project will require a start-up capital of N2,876,000, made up of N2,170,000 for fixed assets and N706,000 for working capital.
The enterprise‘s vision is to be the most outstanding producer of lean pork meat in Owerri, Imo State, Nigeria. The project will be located at Owerri because of its access to target market from that location.]
A huge market is available for the business to serve.
The financial projections show that the project would be financially stable and liquid by the time it matures. The sales figure stand at N1, 780,000, and N5,874,000 and N6,461,000 for year 1, year 2, and year 3 respectively. The cash flow position is equally good and encouraging by the second year through the third year.
The competitive edge of the enterprise lies in its ability to produce pork meat of exceptional lean meat quality, which is got by crossing large whit and Hampshire pigs.
The profitability measures are shown below:
|Year 1||Year 2||Year 3|
|Profit Before Int & Tax||779000||2490000||29940000|
|Profit After Tax||853000||2096000||2650000|
|Return on sales||N/A||36.04%||41.43%|
|Return on Equity||N/A||101.45%||99.40%|
|Return on Investment||N/A||72.88%||92.14%|
From the point of view of the analysis of our findings, the proposed project is found to be technically feasible, financially viable, and economically desirable. Thus, the project offers good investment benefits, and is therefore highly recommended for implementation.
The planned piggery is as a result of strong industry and needs assessment studies undertaken in owerri, Imo State by the promoters of this project. The studies reveal that the demand for piggery products is high while there are few piggeries to meet with the demand. Also, the bias that has hindered the consumption of pork by the population has gradually waned over the years that most individuals, today, consume pork. This has made the demand for piggery products to be rising at exponential rate. This expanding demand trend is expected to be sustained into the future.
To be the most outstanding producer of lean pork meat in Owerri, Imo State, Nigeria.
To produce lean pork meat using the best pig species and adopting the latest rearing method.
2.3 Key Success Factors
The key success factors for IFY PIGGERY are:
- The use of improved variety of pig specie got from a mix of large white and Hampshire species known for its lean meat quality.
- This cross breed of pig is highly resistant to diseases.
- The cross breed is highly prolific.
- The main promoter has undergone training in entrepreneurship.
- Existence of reliable market outlets.
2.4 Inherent Risks
- There is a currently lean resource to contain the expansion that is normal with piggeries.
- The implementation of this project may attract more entrants to the business to compete with.
- Provision of basic utilities like water supply and electricity is not guaranteed.
ORDER FOR THIS BANKABLE PIG FARMING BUSINESS PLAN AT A DISCOUNT RATE OF TEN THOUSAND NAIRA ONLY .
For the remaining part of this business plan , including all the financial analysis
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