Tomatoes Farming Details
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Tomatoes Farming Project
|Returns on Investment||8.00|
|Duration of Farm||7 months|
|Address||3 Agbabiaka Street,, Kafanchan, Kaduna. Nigeria|
The farm was created to meet the growing needs of a community that shares these same views and is concerned about what they eat and feed their children. This is a community that is tired of ‘fresh’ tomatoes bought at the local grocery store. When more than likely the “fresh” tomatoes were picked while still unripe, shipped 3,000 miles over several days/weeks, and then artificially "ripened" using ethylene gas, thus robbing it of practically all of its nutritional value.
|Projected Cash Flow Statement Document||View Document|
|Projected Income Statement for the Business Document||View Document|
|Historical Financial Statement Document||View Document|
Business Plan for the proposed Farm Project
Farm’s growing season will start in early with the goal of 20 weeks. Shares will be comprised approximately 10-15 different crops every 8 weeks of in-season produce. Our Farm has simple objectives: provide healthy and delicious tasting vegetables while simultaneously leaving a minimal carbon footprint. In order to accomplish this, the farm plans to: • Sell 60 shares by Year 2 and have full-time income or 90 shares sold by Year 3. • In Year 4, our Farm plans to purchase an additional 9 acres for a total of 12 acres. The initial 3 years of operations will provide the excellent credit history and track record necessary for this large purchase.
Market Conditions for the Project
In Nigeria, cost of living is lower than the national average and housing costs are much lower than the national average. At the same time, FCT residents personal income is greater than the national average. In other words, this community not only has a high demand for organic items, but it can afford them as well.
Market Opportunities for the Project
The Nigeria crop production industry includes about 200 hundred farms with combined annual revenue of about $1 billion.
Market Strategies for the Project
Our Farm is targeting the households with incomes above $1. The target market represents approximately 51.5 percent of the total population, which should easily absorb our Farm’s entrance. Approximately 51 percent of the population resides in this category. Other farmers have missed this target by focusing on traditional farming methods.
Ply farms, Wis farms, reports six CSA entities, of which three represent direct competition for the subject.
Operational Risks for the Project
Bad roads to the market
Project Exit Strategy
In the event that our Farm will cease operations, all assets (farm equipment, tools, scales) will be sold at auction. Proceeds from the sale will be first be used to pay off the financial obligation to the operating capital loan and the remaining proceeds will be paid to the members (if any obligations remain).
Clank Bells Limited
Clank Bells Limited Overview
We are a company with versatile skill in Agriculture business in Nigeria. We want to use that skill to empower our community with more farm produce at reliable and affordable rate.
|Date of Incorporation||Oct 13, 2020|
|Size of Company||30|
- 1. Uzo - COO