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BUSINESS PLAN FOR BEANS FARMING

business plan on beans farming

Executive Summary

A.        INTRODUCTION

Management Team

The products

Personal goals

Business goals

B.        M ARKETING ANALYSIS

Sales forecast

Marketing Actions to achieve objectives

C.        ORGANIZATIONAL AND HUMAN RESOURCES PLAN

Personnel Department

Marketing Department

Number of Employees Needed

Employee Welfare Programme

Cash Flow Forecast

D.        FINANCIAL PLAN

Estimates of Capital expenditure needs

Pay-back plan

E.         CONCLUSION

EXECUTIVE SUMMARY

Miragrade Beans Farm is a sole proprietorship agricultural business that is registered under the Laws of Federal Republic of Nigeria. It is owned by Mr. Olu Olawale, who has a Master Degree in Agricultural Technology and a Master in Business Administration. The business is located at No, 4, Step Down, Lagos Benin Express, Ore, Ondo State. The farm is intended to sit on a fifteen acres of land that will cover the farm itself and offices for administrative purposes. The expected total capital investment is N10,000,000 (Ten Millions Naira Only) and it is expected to commence in June, 2021.Going by the operational plan, marketing analysis, intended management approach, financial plan and projection and risk management plan ;the business is expected to generate massive return on investment, and hence it is considered a profitable and viable business.

business plan on beans farming

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Beans Farming: Best Business Guide For Beginners

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Commercial beans farming is not a new business idea. People are growing beans in both small scale and commercially from the ancient time.

Beans are actually a tender vegetable and very popular among people. You can even grow beans in your home garden .

Beans actually belong to Leguminaceae family and it is a very important vegetable in many countries around the world. It is also cultivated in many countries, mainly for the green pod.

The bean plants have a climbing habit, so you need to arrange such system for commercial beans farming.

Green edible beans are mainly used in daily cooking as vegetable, and also used as animal fodder and also for soil improvements.

The green beans are generally harvested with their beans in a pod before they are fully matured. They are more nutritionally comparable to other pod vegetables. That’s why they have very good demand in the local market.

However, both small scale and commercial beans farming is very easy and profitable. You can make good profits from this business.

Table of Contents

Nutritional Value of Beans

Beans are high in protein, complex carbohydrates, folate and iron. They also have significant amounts of fiber and soluble fiber. One cup of cooked beans generally provide between 9 and 13 grams of fiber.

The Canadian government recommends that adults have up to two (female), and three (male) servings. 3/4 cup of cooked beans provide one serving.

The soluble fiber content in beans can help to lower the blood cholesterol levels. According to ‘ healthline ‘ one cup (164 grams) of cooked chickpeas contains:

  • Calories: 269
  • Protein: 14.5 grams
  • Fiber: 12.5 grams
  • Folate (vitamin B9): 71% of the RDI
  • Manganese: 84% of the RDI
  • Copper: 29% of the RDI
  • Iron: 26% of the RDI

Health Benefits of Beans

As you can see above, beans are highly nutritious and healthy food. Here we are trying to describe about the common health benefits of consuming different types of beans regularly.

  • Beans are highly nutritious and safe for human health. It’s a great source of protein, carbohydrate and fiber.
  • Beans are helpful for reducing blood sugar, decreasing blood cholesterol and improving gut health.
  • Peas are a great source of fiber and protein, which may help to reduce blood sugar and insulin resistance. Pea fiber and protein also supports a healthy gut as well.
  • Lentils are great source of vegetarian protein and may also reduce blood sugar levels compared to some other foods that are high in carbohydrates.
  • Kidney beans are also very healthy. They contain high amounts of fiber and may also help to reduce the rise in blood sugar that happens after a meal.
  • Black beans are high in calories and essential nutrients. They are effective at reducing the rise in blood sugar after a meal compared to other high-carb foods (such as rice and bread).
  • Soybeans are excellent source of good antioxidants. And the antioxidants they contain may help to reduce the risk of certain cancers, decrease risk factors for heart disease and also reduce menopausal bone density loss.
  • Pinto beans are common in some countries, especially in Mexico. They are often eaten as whole beans, or mashed and fried. Consuming pinto beans may help to reduce blood cholesterol, blood sugar and maintain gut health.
  • Navy beans are a great source of fiber, vitamin B and minerals. They are also known as haricot beans. They contain a lot of fiber and may help in reducing the risk factors for metabolic syndrome.

Advantages of Beans Farming Business

Commercial beans farming is a very easy and lucrative business. Many people are already doing this business commercially for making profits.

Large scale or commercial farming of beans is very popular in many countries. However, here we are trying to describe the top advantages of commercial beans farming business.

  • Growing the bean plants is very easy and simple, even the beginners can also grow them.
  • Commercial beans farming is a traditional business in some countries.
  • Many people are already doing beans farming commercially. So, you don’t have to worry much about starting this business.
  • Commercial beans farming is very profitable. So, you can make good profits from this business.
  • Beginners can also start commercial beans farming business. Although learning practically from existing farmers will be better for the beginners.
  • Capital requirements are relatively low as compared to other crop farming business , but the returns are good.
  • You will be able to make very good profits if you can harvest the pods earlier in the growing season.
  • Both demand and value of green beans in the market are high. So, you don’t have to worry much about marketing your products.
  • Caring the bean plants is very easy. And you can grow beans with other commercial cash crops.
  • Even some areas, people are growing beans in the bank of ponds or lakes and making extra profits along with fish production.
  • As commercial beans farming is very profitable, so it can be a great employment source for the unemployed people. Especially for the educated unemployed people.
  • Different types or beans are available and most of them are highly nutritious. You can enjoy beans in many different ways.
  • You can enjoy fresh beans if you start your own beans farming business.

How to Start Beans Farming Business

Starting commercial beans farming business is very easy and simple. You can start this business even if you are a beginner.

bean farming, beans farming, bean cultivation, farming of beans, beans planting, beans plant care, growing beans, how to start beans farming, beans farming profits

Although, you should learn practically from existing farmers if you are a beginner. Here we are trying to describe more information about starting beans farming business.

Site Selection

Bean plants can be grown in a wide range of soil types. Generally the Indian beans thrives best in loamy, silty loam and clay loam soils.

Try to select the soil with good drainage system. The pH range between 5.5 and 6.0 is considered ideal for bean plants.

Land Preparation

Cool climatic condition and fertile soils are necessary for good beans production. It will be better if the land is rich in organic matter, or you can add as much organic matter as you can while preparing the soil.

Add enough farmyard manure or any type of good compost. Doing this will make the soil fertile. For commercial production, give 2-3 ploughing for bringing the soil at fine tilth.

Then make the field level so that you can avoid water stagnation in the main field. Add compost or farmyard manure at the last ploughing.

Climate Requirement

Most of the common beans generally grow within a range of temperatures of 17.5° C to 27° C. Temperature above 30° C is not good for beans farming, and may cause the bean flower buds to fall.

But the French beans thrives within the ideal temperature range of 20° C to 25° C. And can also be grown in temperatures ranging between 14° C and 32° C.

Varieties/Cultivars

There are many different varieties/cultivars of beans available throughout the world. The world genebanks are currently holding about 40,000 different bean varieties. But not all these varieties are used for commercial beans farming business.

Only a few varieties are grown for human consumption. Among these varieties two common types of beans are grown commercially. And these two types are bush beans and pole beans.

The pole bean varieties will vine and need to be grown up stakes or trellises. But the bush beans tend to grow more compactly and generally do not require support.

Growing the bush beans is much easier that the pole beans. But the pole beans are very hardy, disease resistant and generally produce more beans.

Some common/popular and mostly cultivated bean varieties are Lablab, Yardlong, Runner, Lima, Pinto, Black, Green, Butter, Yellow, Soybeans, Peas, Black-eyed etc.

You should select those varieties which grow well in your area. You can consult with a local farmer for more information.

Purchase Seeds/Plants

Bean plants are grown from seeds. You can purchase the seeds easily from any of your nearest seed stores or nurseries. You can also consider ordering online.

Prepare the land perfectly before planting beans. Planting system is different depending on the type of beans.

Whichever variety you choose, soak the seeds in clean water for 24 hours before sowing. Doing this will help in faster germination.

Planting Pole Beans

Pole beans will vine and they need to be grown up stakes or trellises. These types of beans require staking with supports and you can use fence, trellis, bamboo, loader or string for this purpose.

Corn or sunflower stalks can also be used for bean supports. Ensure that you have the support ready for the bean plants to climb on before planting pole bean varieties.

Planting Bush Beans

It’s actually very easy to grow the bush bean varieties. They generally require less care and maintenance for growing and generally don’t require any support. They are bushy plants and grow close to the ground.

The bush bean varieties generally produce early crop. For planting in rows, keep 1.5-2 ft space between two rows and around 0.5-1 ft space between two plants.

The bean plants are generally very hardy. They generally grow well and require less caring and other management.

Although, taking additional caring will help the plants to grow well and produce more. Here we are trying to describe more about the caring process of bean plants.

Fertilizing

Adding organic fertilizers while preparing the soil will be enough for the bean plants. But for commercial production, you have to apply some chemical fertilizer.

Apply fertilizer dose of nitrogen at the rate of 6kg per acre (urea at the rate of 13kg per acre) and phosphorus pentoxide at the rate of 8kg per acre (single super phosphate at the rate of 50kg per acre).

Watering/Irrigation

Adequate moisture in the soil is a must for beans farming business. So, you have to water the plants on a regular basis. Water the plants at least once a week or more frequently during dry weather.

Mulching helps to retain moisture into the soil. It also helps to prevent weeds. Always try to use organic materials for mulching (such as grass clippings, composted leaves, straw etc.)

Pruning is not a mandatory for beans. But you can cut the top of the plant when there are several true leaves. Doing this will encourage the plant to grow new vines.

Frequent weeding and hoeing are required to keep the field weed free. 1-2 hoeing are required after 30-50 days of sowing to control the weeds. Mulching is also an effective way to reduce soil temperature along with weed control.

Pests & Diseases

Like many other commercial crops , the bean plants are also susceptible to many pests and diseases. Here we are trying to describe more about the common pests and diseases of bean plants.

Diseases & Their Control

Common diseases and their controlling methods are mentioned below.

Blister Beetle

Blister beetle damages the flower and blocks the pod formation. Spraying of deltamethrin 2.8 EC at the rate of 200 ml or indoxacarb 14.5 SC at the rate of 200 ml or acephate 75 SP at the rate of 800g per acre in 80-100 ltr of water will be effective.

Leaf Stem Rotten

Leaf stem rotten disease damages the stem and as result there is low seed yield and it’s quality also decreases.

Powdery Mildew

Patchy, White powdery growth appear on lower side of leaves. Avoid water lodging in field and keep the field clean for preventing this disease. To Control spray with Hexaconazole along with sticker at the rate of 1ml per Ltr of water.

Yellow Leaves

Yellow leaves disease appears firstly as a red spot and then gradually it turns into reddish brown and then yellow. It will decrease the leaves production. For treating this disease, you have to remove the infected portion as early as possible.

Yellow Mosaic

Light and green patches are observed on leaves in yellow mosaic disease affected plant. Plant growth get stops in early stage. For controlling, spray Acephate 75SP at the rate of 600gm per 200Ltr or Methyl demeton 25EC at the rate of 2ml per Ltr of water.

Moist and poorly drain soil causes wilt and it is a soil borne disease. To control Wilt, Drench nearby soil with Copper oxychloride at the rate of 25gm or Carbendazim at the rate of 20gm per 10Ltr of water. To control Wilting of plants due to root rot do drenching with Trichoderma bio fungus at the rate of 2.5kg per 500Ltr water, near to roots of plants.

Pests & Their Control

Aphids suck sap from the leaf and the plant suffer. For controlling aphids, spray Acephate 75SP at the rate of 1gm per Ltr or Methyl demeton 25EC at the rate of 2ml per Ltr of water.

Larva destroys the leaves and pod of the plant by feeding themselves on the leaves and bore in the pod.[ 1 ]

Lizard causes cuts to the leaves and buds of the plant. Spraying of pesticide around the plant will help to remain lizard away from the plants. Spraying must be done in evening.

Mites are widely distributed pests observed throughout the world. Spray of Chlorfenapyr at the rate of 15ml per Ltr or Abamectin at the rate of 15ml per Ltr are found effective.

Pod borer damages the pod by eating the young seeds or by moving on one pod to another. Spraying of indoxacarb 14.5 SC at the rate of 200 ml or acephate 75 SP at the rate of 800 g or spinosad 45 SC at the rate of 60 ml in 100 litres of water per acre is given to treat pod borer.

Small Larva

Small larva damages the leaves and green stems by feeding themselves. Spraying of Ekalux 25 EC at the rate of 200ml in 80-100 ltr of water or Nuvan 100 at the rate of 200ml in 80-100l of water is used to treat hairy caterpillar.

Thrips are commonly observed pest. Use organic methods first for controlling. But if incidence of thrips is more, then take spray of Imidacloprid 17.8SL or Fipronil at the rate of 1ml per Ltr water or Acephate 75% WP at the rate of 1gm per Ltr.

Harvesting beans is a simple but important task for farmers and gardeners. By harvesting at the right time and using the right techniques, you can ensure a bountiful and delicious harvest of fresh, flavorful beans.

Whether you plan to eat them fresh, freeze them, or can them for later, beans are a versatile and nutritious crop that is well worth the effort of growing and harvesting.

Most of the beans can be harvested after 55-60 days from planting seeds. And you can start to harvest the beans generally after 20-25 days after the plants start flowering.

You can pick either immature or mature beans depending on what types you want to eat. Mostly the beans are picked at an immature stage (when the seeds inside have not yet fully developed).

Timing of Harvest

The timing of bean harvest depends on the type of bean and the intended use. Bush beans are typically harvested when the pods are about 3-4 inches long and are still tender. Pole beans are usually harvested when the pods are 5-7 inches long and the beans inside are fully formed but still tender.

It’s important not to wait too long to harvest beans, as they will become tough and stringy if left on the plant for too long. Additionally, if you wait too long to harvest, the plant may stop producing new beans.

Harvesting Techniques

When it comes to harvesting beans, there are a few different techniques that can be used. One common method is to simply pull the pods off the plant by hand. This can be done gently to avoid damaging the plant or the other pods.

Another method is to use scissors or pruning shears to cut the pods off the plant. This can be a good option if you have a large harvest, as it allows you to quickly and easily collect the beans.

If you are harvesting pole beans, it’s important to use caution when removing the pods from the trellis or support structure. Try to avoid damaging the plant as you collect the beans.

Storing and Preserving Beans

Once you’ve harvested your beans, it’s important to store them properly to ensure they stay fresh and delicious. Beans can be stored in the refrigerator for up to a week, or in the freezer for several months.

To freeze beans, blanch them in boiling water for 2-3 minutes, then transfer them to a bowl of ice water to cool. Once they are cool, drain the beans and place them in a freezer-safe container or plastic bag. Be sure to label the container with the date so you know how long they have been stored.

Alternatively, beans can be preserved by canning. To can beans, sterilize jars and lids, then fill the jars with beans and cover with boiling water. Process the jars in a pressure canner according to the manufacturer’s instructions.

It’s very difficult to tell the exact amount and depends on many different factors including season, variety etc. But the average yield is 10-12 tonnes of green pods per hectare.

Measuring Bean Yield

To measure bean yield, you can use a simple formula to calculate the total weight of beans harvested. To do this, weigh the harvested beans and divide by the total area planted. For example, if you harvested 10 pounds of beans from a 100 square foot area, your yield would be 0.1 pounds per square foot.

Factors Affecting Bean Yield

There are several factors that can affect the yield of beans. Some of the most important factors include:

Soil Quality

Beans grow best in well-drained soil that is rich in organic matter. If the soil is poor or lacks nutrients, it can negatively impact the yield of the crop.

Beans prefer warm weather and plenty of sunlight. If the climate is too cold or too wet, it can result in a lower yield.

There are many different varieties of beans, each with its own unique growing requirements and potential yield. Choosing the right variety for your growing conditions is key to achieving a high yield.

Planting Density

Planting beans too close together can result in competition for nutrients and sunlight, leading to a lower yield. Similarly, planting them too far apart can result in wasted space and lower yields.

Pest and Disease Management

Beans can be affected by a variety of pests and diseases that can impact yield if not properly managed.

Tips for Maximizing Bean Yield

If you’re looking to maximize your bean yield, there are several tips you can follow to help ensure a successful harvest:

Prepare the Soil

Before planting, make sure the soil is well-drained and rich in organic matter. You can add compost or other organic material to improve soil quality.

Choose the Right Variety

Select a bean variety that is well-suited to your growing conditions and has a proven track record of high yields.

Plant at the Right Time

Beans should be planted when the soil has warmed up to at least 60 degrees Fahrenheit, and there is no longer a risk of frost.

Space the Plants Correctly

Beans should be planted at a density of about 3-4 inches apart for bush beans, and about 6 inches apart for pole beans.

Provide Adequate Water

Beans need regular watering to thrive, especially during dry periods. Water deeply and consistently to ensure the plants have enough moisture.

Manage Pests and Diseases

Regular monitoring and prompt action can help prevent pest and disease problems from impacting yield. Use organic or chemical treatments as needed.

Marketing beans can be a challenge for farmers and distributors, as the market is often crowded with competitors and pricing can be volatile.

However, with the right strategies and tactics, it is possible to successfully market beans and create a profitable business. In this article, we’ll explore some effective marketing strategies for beans.

Identify Your Target Market

The first step in marketing beans is to identify your target market. This could include grocery stores, restaurants, farmers markets, and direct-to-consumer sales.

Each of these markets has unique needs and requirements, so it’s important to understand their preferences and purchase patterns in order to tailor your marketing efforts.

Develop a Brand Identity

Creating a brand identity can help differentiate your beans from competitors and attract loyal customers. This could include developing a logo, packaging design, and messaging that reflects the unique qualities of your beans, such as their flavor, texture, or nutritional value.

Utilize Social Media and Online Marketing

Social media and online marketing can be effective tools for promoting your beans and reaching a wider audience.

Consider creating a website or social media profiles to showcase your products and engage with customers. You could also offer special promotions or discounts to customers who follow you online or share your posts.

Attend Trade Shows and Farmers Markets

Attending trade shows and farmers markets can help you connect with potential customers and get feedback on your products.

This is also an opportunity to network with other farmers and distributors, learn about new trends in the industry, and gather ideas for future marketing efforts.

Offer Product Samples

Offering product samples can be a powerful way to introduce your beans to potential customers and showcase their quality and flavor.

Consider offering samples at farmers markets or hosting tasting events at grocery stores or restaurants to give people a chance to try your beans and provide feedback.

Partner with Restaurants and Retailers

Partnering with restaurants and retailers can be a valuable way to expand your market and increase your sales.

Consider approaching local restaurants or grocery stores to offer your beans as a specialty item or ingredient. You could also offer discounts or special promotions to these partners to incentivize them to promote your products.

Essential Tips For Beans Farming

There are several tips and techniques you can follow to ensure a successful harvest, whether you’re growing beans for personal consumption or as a commercial crop. Here are some essential tips for beans farming:

Select the Right Variety

There are many different varieties of beans available, each with its own unique growing requirements and potential yield. When selecting a variety, consider factors such as climate, soil type, and intended use.

For example, pole beans may be better suited to trellising, while bush beans may be more appropriate for container gardening or small spaces.

Beans thrive in well-drained soil that is rich in organic matter. Before planting, it’s important to prepare the soil by removing any weeds, rocks, or debris, and adding compost or other organic matter to improve the soil quality.

A soil test can also help you determine any nutrient deficiencies or pH imbalances that need to be corrected.

Beans should be planted when the soil has warmed up to at least 60 degrees Fahrenheit and there is no longer a risk of frost. In general, beans are best planted in the spring or early summer, depending on your climate and growing season.

Beans need regular watering to thrive, especially during dry periods. Water deeply and consistently to ensure the plants have enough moisture, but avoid overwatering, as this can lead to root rot and other problems.

Support Pole Beans

If you’re growing pole beans, it’s important to provide them with adequate support to help them climb. This could include using trellises, stakes, or other structures to create a climbing surface for the plants. Be sure to tie the plants loosely to the support structure to avoid damaging the stems.

Control Pests and Diseases

Beans can be affected by a variety of pests and diseases, including aphids, spider mites, and fungal infections. Regular monitoring and prompt action can help prevent these problems from impacting your crop.

Consider using organic or chemical treatments as needed, and practice good crop rotation to prevent disease buildup in the soil.

Harvest at the Right Time

Beans should be harvested when the pods are firm and crisp, but before the seeds inside have fully matured. This will help ensure the best flavor and texture. For pole beans, harvest the pods regularly to encourage the plants to continue producing new growth.

These are the steps and ways for commercial beans farming business. Hope this guide has helped you! Good luck & may God bless you! 🙏

Frequently Asked Questions

People ask many questions about beans farming. Here we are trying to list the most common questions about this business and trying to answer them. Hope you will find your answer. Don’t hesitate to ask us if you have more questions.

What is beans farming?

Beans farming is the cultivation of beans, which are legume crops that are grown for their edible seeds. Beans are a nutritious source of protein, carbohydrates, and fiber.

How lucrative is beans farming?

Commercial beans farming is a lucrative business. You can make good profits from this business. Even the beginners can start this business easily.

What are the different types of beans?

There are many different types of beans, including kidney beans, black beans, navy beans, pinto beans, lima beans, and chickpeas. Each type of bean has its own unique flavor and nutritional profile.

What is the best time to plant beans?

The best time to plant beans depends on the climate in your area. In general, beans should be planted when the soil has warmed up to at least 60 degrees Fahrenheit, and there is no longer a risk of frost.

What kind of soil do beans need?

Beans prefer well-draining soil that is rich in organic matter. The soil should be slightly acidic, with a pH of 6.0 to 7.5.

How often should beans be watered?

Beans should be watered regularly, but not over-watered. The soil should be kept consistently moist, but not waterlogged. In general, beans require about 1 inch of water per week.

How long does it take for beans to grow?

The time it takes for beans to grow depends on the type of bean and growing conditions. Generally, bush beans take about 50-60 days to mature, while pole beans take 60-90 days.

How do you harvest beans?

Beans should be harvested when the pods are fully mature, but before they begin to dry out. To harvest, gently pull the pods off the plant, taking care not to damage the plant or the other pods.

How do you store beans?

Beans should be stored in a cool, dry place in an airtight container. They will stay fresh for several months if stored properly.

What are some common pests and diseases that affect beans?

Some common pests that affect beans include bean beetles, aphids, and mites. Diseases that can affect beans include bacterial blight, mosaic virus, and rust. It is important to monitor plants regularly for signs of pest or disease damage and take appropriate action if necessary.

What are some common uses for beans?

Beans can be used in a variety of dishes, including soups, stews, salads, and side dishes. They can also be mashed and used as a filling for burritos or tacos, or blended into a dip like hummus.

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2 thoughts on “beans farming: best business guide for beginners”.

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Thank you for sharing. How many tones can I get from sugar beans per hactare

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Actually, it’s really really very hard to tell the exact amount, because it depends on many different factors. You can consult with some existing farmers in your area for having an average recommendation. Thank you!

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Beans Farm Business Plan Template

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How to Start a Farm: Plan Your Operation

Think about your operation from the ground up and start planning for your business.  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. 

Keep reading about planning your business below, get an overview of the beginning farmer's journey , or jump to a different section of the farmer's journey.

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Why you need a farm business plan.

A comprehensive business plan is an important first step for any size business, no matter how simple or complex. You should create a strong business plan because it:

  • Will help you get organized . It will help you to remember all of the details and make sure you are taking all of the necessary steps.
  • Will act as your guide . It will help you to think carefully about why you want to farm or ranch and what you want to achieve in the future. Over time, you can look back at your business plan and determine whether you are achieving your goals.
  • Is required to get a loan . In order to get an FSA loan, a guarantee on a loan made by a commercial lender, or a land contract, you need to create a detailed business plan . Lenders look closely at business plans to determine if you can afford to repay the loan.

How USDA Can Help

Whether you need a good get-started guide, have a plan that you would like to verify, or have a plan you’re looking to update for your next growth phase, USDA can help connect you to resources to help your decisions.

Your state's beginning farmer and rancher coordinator  can connect you to local resources in your community to help you establish a successful business plan. Reach out to your state's coordinator for one-on-one technical assistance and guidance. They can also connect you with organizations that specifically serve beginning farmers and ranchers.

It is important to know that no single solution fits everyone, and you should research, seek guidance, and make the best decision for your operation according to your own individual priorities.

Build a Farm Business Plan

There are many different styles of business plans. Some are written documents; others may be a set of worksheets that you complete. No matter what format you choose, several key aspects of your operation are important to consider.

Use the guidelines below to draft your business plan. Answering these kinds of questions in detail will help you create and develop your final business plan. Once you have 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.

Business History

Are you starting a new farm or ranch, or are you already in business? If you are already in business:

  • What products do you produce?
  • What is the size of your operation?
  • What agricultural production and financial management training or experience do you, your family members, or your business partners have?
  • How long have you been in business?

Mission, Vision, and Goals

This is your business. Defining your mission, vision and goals is crucial to the success of your business. These questions will help provide a basis for developing other aspects of your business plan.

  • What values are important to you and the operation as a whole?
  • What short- and long-term goals do you have for your operation?
  • How do you plan to start, expand, or change your operation?
  • What plans do you have to make your operation efficient or more profitable ?
  • What type of farm or ranch model (conventional, sustainable, organic, or alternative agricultural practices) do you plan to use?

Organization and Management

Starting your own business is no small feat. You will need to determine how your business will be structured and organized, and who will manage (or help manage) your business. You will need to be able to convey this to others who are involved as well.

  • What is the legal structure of your business? Will it be a sole proprietorship, partnership, corporation, trust, limited liability company, or other type of entity?
  • What help will you need in operating and managing your farm or ranch?
  • What other resources, such as a mentor or community-based organization , do you plan to use?

Marketing is a valuable tool for businesses. It can help your businesses increase brand awareness, engagement and sales. It is important to narrow down your target audience and think about what you are providing that others cannot.

  • What are you going to produce ?
  • Who is your target consumer ?
  • Is there demand for what you are planning to produce?
  • What is the cost of production?
  • How much will you sell it for and when do you expect to see profit ?
  • How will you get your product to consumers ? What are the transportation costs and requirements?
  • How will you market your products?
  • Do you know the relevant federal, state, and local food safety regulations? What licensing do you need for your operation?

Today there are many types of land, tools, and resources to choose from. You will need to think about what you currently have and what you will need to obtain to achieve your goals.

  • What resources do you have or will you need for your business?
  • Do you already have access to farmland ? If not, do you plan to lease, rent, or purchase land?
  • What equipment do you need?
  • Is the equipment and real estate that you own or rent adequate to conduct your operation? If not, how do you plan to address those needs?
  • Will you be implementing any conservation practices to sustain your operation?
  • What types of workers will you need to operate the farm?
  • What additional resources do you need?

Now that you have an idea of what you are going to provide and what you will need to run your operation you will need to consider the finances of your operation.

  • How will you finance the business?
  • What are your current assets (property or investments you own) and liabilities (debts, loans, or payments you owe)?
  • Will the income you generate be sufficient to pay your operating expenses, living expenses, and loan payments?
  • What other sources of income are available to supplement your business income?
  • What business expenses will you incur?
  • What family living expenses do you pay?
  • What are some potential risks or challenges you foresee for your operation? How will you manage those risks?
  • How will you measure the success of your business?

Farm Business Plan Worksheets

The Farm Business Plan Balance Sheet can help gather information for the financial and operational aspects of your plan.

Form FSA-2037 is a template that gathers information on your assets and liabilities like farm equipment, vehicles and existing loans.

  • FSA-2037 - Farm Business Plan - Balance Sheet
  • FSA-2037 Instructions

Planning for Conservation and Risk Management

Another key tool is a conservation plan, which determines how you want to improve the health of your land. A conservation plan can help you lay out your plan to address resource needs, costs and schedules.

USDA’s Natural Resources Conservation Service (NRCS) staff are available at your local USDA Service Center to help you develop a conservation plan for your land based on your goals. NRCS staff can also help you explore conservation programs and initiatives, such as the Environmental Quality Incentives Program (EQIP) .

Conservation in Agriculture

Crop insurance, whole farm revenue protection and other resources can help you prepare for unforeseen challenges like natural disasters.

Disaster Recovery

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Special Considerations

Special considerations for businesses.

There are different types of farm businesses each with their own unique considerations. Determine what applies to your operation.

  • Organic Farming  has unique considerations. Learn about organic agriculture , organic certification , and the  Organic Certification Cost Share Program  to see if an organic business is an option for you. NRCS also has resources for organic producers and offers assistance to develop a conservation plan.
  • Urban Farming  has special opportunities and restrictions. Learn how USDA can help farmers in urban spaces .
  • Value-Added Products . The Agricultural Marketing Resource Center (AgMRC) is a national virtual resource center for value-added agricultural groups.
  • Cooperative.  If you are interested in starting a cooperative, USDA’s Rural Development Agency (RD) has helpful resources to help you begin . State-based  Cooperative Development Centers , partially funded by RD, provide technical assistance and education on starting a cooperative.

Special Considerations for Individuals

Historically Underserved Farmers and Ranchers: We offer help for the unique concerns of producers who meet the USDA definition of "historically underserved,"  which includes farmers who are:

  • socially disadvantaged
  • limited resource
  • military veterans

Women: Learn about specific incentives, priorities, and set asides for  women in agriculture within USDA programs.

Heirs' Property Landowners: If you inherited land without a clear title or documented legal ownership, learn how USDA can help Heirs’ Property Landowners gain access to a variety of programs and services

Business Planning

Creating a good business plan takes time and effort. The following are some key resources for planning your business.

  • Farm Answers from the University of Minnesota features a library of how-to resources and guidance, a directory of beginning farmer training programs, and other sources of information in agriculture. The library includes business planning guides such as a Guide to Developing a Business Plan for Farms and Rural Businesses and an Example Business Plan .
  • The Small Business Administration (SBA) offers information about starting, managing, and transitioning a business.

SCORE is a nonprofit organization with a network of volunteers who have experience in running and managing businesses. The Score Mentorship Program partners with USDA to provide:

  • Free, local support and resources, including business planning help, financial guidance, growth strategies.
  • Mentorship through one-on-one business coaching -- in-person, online, and by phone.
  • Training from subject matter experts with agribusiness experience.
  • Online resources and step-by-step outlines for business strategies.
  • Learn more about the program through the Score FAQ .

Training Opportunities

Attend field days, workshops, courses, or formal education programs to build necessary skills to ensure you can successfully produce your selected farm products and/or services. Many local and regional agricultural organizations, including USDA and Cooperative Extension, offer training to beginning farmers.

  • Cooperative Extension  offices address common issues faced by agricultural producers, and conduct workshops and educational events for the agricultural community.
  • extension.org  is an online community for the Cooperative Extension program where you can find publications and ask experts for advice.

Now that you have a basic plan for your farm operation, prepare for your visit to a USDA service center.

2. Visit Your USDA Service Center

How to Start a Farm with USDA

Get an  overview of the beginning farmer's journey  or jump to a specific page below.

Find Your Local Service Center

USDA Service Centers are locations where you can connect with Farm Service Agency, Natural Resources Conservation Service, or Rural Development employees for your business needs. Enter your state and county below to find your local service center and agency offices. If this locator does not work in your browser, please visit offices.usda.gov.

Learn more about our Urban Service Centers . Visit the Risk Management Agency website to find a regional or compliance office  or to find an insurance agent near you.

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Agricultural Business Plan Template

Written by Dave Lavinsky

agricultural business plan

Agricultural Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their agricultural companies.

If you’re unfamiliar with creating an agricultural 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 an agricultural 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 agricultural 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 an agricultural business or grow your existing agricultural company, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your agricultural business to improve your chances of success. Your agricultural business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Agricultural Businesses

With regards to funding, the main sources of funding for an agricultural 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 agricultural companies.

    Finish Your Business Plan Today!

How to write a business plan for a agricultural business.

If you want to start an agricultural 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 agricultural 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 agricultural business you are running and the status. For example, are you a startup, do you have an agricultural business that you would like to grow, or are you operating an established agricultural business you would like to sell?

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

  • Give a brief overview of the agricultural industry.
  • Discuss the type of agricultural business you are operating.
  • Detail your direct competitors. Give an overview of your target customers.
  • Provide a snapshot of your marketing strategy. Identify the key members of your team.
  • Offer an overview of your financial plan.

Company Overview

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

For example, you might specialize in one of the following types of agricultural businesses:

  • Animal feed manufacturing: the production and sale of food formulas for farm animals.
  • Agrichemical and seed manufacturing: the production and sale of agrichemicals (e.g., fertilizers, pesticides, and fungicides) and seeds to farmers that support the growth of their crops.
  • Agricultural engineering: development, testing, and implementation of new agriculture tools and machinery to improve the process for farmers.
  • Biofuel manufacturing: the production of energy from biomass.
  • Crop production: the process of growing and harvesting a variety of crops such as fruits, vegetables, and grains.

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

Include answers to questions such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include reaching X number of harvests per year, the number of customers served, or reaching $X amount in revenue.
  • Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

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

First, researching the agricultural 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 agricultural business plan:

  • How big is the agricultural 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 target market for your agricultural business? 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.

Customer Analysis

The customer analysis section of your agricultural 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 agricultural business you operate. Clearly, schools 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 agricultural businesses.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes other types of farmers, wholesalers, and distributors.

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

  • What types of customers do they serve?
  • What type of agricultural business are they?
  • 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 make it easier for your customers to engage with you?
  • Will you offer products or services that your competition doesn’t?
  • 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.  

Marketing Plan

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

Product : In the product section, you should reiterate the type of agricultural company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you produce fruit, soy, or vegetable products?

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 agricultural company. Document where your company is situated and mention how the site will impact your success. For example, is your agricultural business located on a small or large farm near your customer base?  And, will you operate one or multiple locations? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your agricultural 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:

  • Advertise in local papers, radio stations and/or magazines
  • Reach out to websites
  • Distribute flyers
  • Engage in email marketing
  • Advertise on social media platforms
  • Improve the SEO (search engine optimization) on your website for targeted keywords

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 agricultural business, including scheduling employees, tracking inventory, accepting orders and payments, and meeting with customers.

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

Management Team

To demonstrate your agricultural business’ 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 agricultural businesses. 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 an agricultural business, or owning their own 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, how many pounds of each crop do you plan to yield each season? 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 agricultural business, 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 business owners 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 agricultural business:

  • Cost of farm equipment and supplies
  • Payroll or salaries paid to staff
  • Business insurance
  • Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

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’s location lease or a list of agricultural equipment and machinery used on your farm.  

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

Agricultural Business Plan Template FAQs

What is the easiest way to complete my agricultural business plan.

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

How Do You Start an Agricultural Business?

Starting an agricultural business is easy with these 14 steps:

  • Choose the Name for Your Agricultural Business
  • Create Your Agricultural Business Plan
  • Choose the Legal Structure for Your Agricultural Business
  • Secure Startup Funding for Your Agricultural Business (If Needed)
  • Secure a Location for Your Business
  • Register Your Agricultural Business with the IRS
  • Open a Business Bank Account
  • Get a Business Credit Card
  • Get the Required Business Licenses and Permits
  • Get Business Insurance for Your Agricultural Business
  • Buy or Lease the Right Agricultural Business Equipment
  • Develop Your Agricultural Business Marketing Materials
  • Purchase and Setup the Software Needed to Run Your Agricultural Business
  • Open for Business

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

Click here to see how Growthink’s business plan professional services can help you create a winning business.  

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Agri Business

A Step-By-Step Guide to Soybean Farming Business Plan

Table of contents, benefits of soybean farming, soil management and seed rate for soybean farming, seed rate and proper spacing for successful soybean business, fertilizers and water requirement to start soybean farming business, tips to create soybean farming business, selecting the seed for soybean framing business, licenses & permits to start your soybean farming business, soybean business cultivation practices, steps to maximize the soybean crop yield, crop rotation and inter cropping to start soybean farming, soybean farming care, steps to create a soybean farming business plan, success tips for a soybean business, soybean harvesting and yield.

Soybean farming is a popular and profitable business venture. Soybean farming is a profitable agricultural business providing income over several years. Soybeans are versatile crops used for various purposes, including human consumption, animal feed, and biodiesel production. Soybeans are high in protein and contain all the essential amino acids for human nutrition.

Soybean Farming Business Plan

Soybean Farming Business Plan

  • The demand for Soybeans is high and growing. Another reason to start a Soybean business is that it can be a profitable venture.
  • Soybeans are relatively easy to grow and yield a good return on investment. In addition, the cost of starting a Soybean farm is relatively low compared to other types of businesses.
  • Starting a Soybean business provides an opportunity to impact the environment positively.
  • Soybeans are a renewable resource whose production has a minimal negative environmental impact. As consumer awareness of environmental issues grows, so does the demand for environmentally friendly products.
  • By starting a Soybean business, you can be at the forefront of this growing trend and make a difference in the world.
  • Soybeans are a relatively easy crop to grow; thus, farmers can count on a certain level of income stability.
  • Soybeans are known for their health benefits for humans and animals. This means that farmers can feel good about growing a crop that benefits people and animals alike.
  • Soybeans are also a very sustainable crop, requiring little input (fertilizers, pesticides, etc.) and having a small environmental footprint. This is good news for both the farmer and the planet.

The ideal pH range for Soybean plants is between 6 and 7.5. Within this range, the plant can access the nutrients it needs from the soil and is less likely to experience stress from extreme pH conditions. Farmers can test their soil regularly and adjust its pH with limestone or other amendments to maintain a favorable pH for Soybeans.

  • The optimum seed rate for sowing on one-acre land is 25-30 kg. This will ensure that the chances of getting a good crop are high. More seeds should not be sown as this will lead to competition amongst the plants for resources and, ultimately, lower yields.
  • Soybean farming is a popular and profitable agricultural business in many parts of the world. The crop is mostly cultivated in countries with tropical and subtropical climates. India is the leading producer of Soybeans, followed by Brazil, Argentina, and the United States.
  • The plant grows well in fertile soils with good drainage. A spacing of 45-60 cm X 2.5 cm is considered suitable for Kharif crops, while 30-45 X 2.5 cm is ideal for spring season cultivation.
  • Proper spacing is essential for optimum yield as it allows proper aeration and sunlight penetration to the lower leaves. It also helps in controlling weeds and pests.

In case you missed it: Best Regenerative Agriculture Practices Every Grower Should Follow and Why It Is Important

Soybean

Fertilizers play an important role in Soybean production as they help to supply the nutrients required for plant growth. The type and amount of fertilizer used will vary depending on the soil type, crop rotation, and previous crop history. It is important to have your soil tested before applying fertilizer to ensure you use the correct products and rates.

Water is also a critical factor in Soybean production. The water needed will vary depending on the climate and weather conditions. Irrigation systems should be designed and operated to minimize evaporation and runoff.

  • The first step in starting a Soybean farm is to create a business plan. This plan should include an analysis of the market, your competition, your start-up costs, and your operating expenses.  Once you have created a business plan, you can look for land to grow your Soybeans.
  • Once you have secured land for your farm, you must obtain permits and licenses from your local government. You must also purchase seeds from a reputable supplier and the necessary fertilizers and pesticides.
  • After planting your seeds, you must water them regularly and closely monitor their growth. Once your Soybeans are ready for harvest, you can sell them directly to customers or through a wholesaler.
  • The demand for Soybeans is constantly growing, creating opportunities for farmers to profit. Producing a high-quality product that meets customer demands is important to maximize profits. Additionally, farmers must have a good marketing strategy to ensure their products are sold fairly.

The type of climate in which you will be growing your Soybeans, the soil type, and the amount of rainfall are just a few of the things that will affect what type of seed you choose. You will need to decide whether you want to grow your Soybeans organically. If you choose to grow them organically, there are a few additional steps that you will need to take to ensure that your plants are healthy and free of pesticides and herbicides.

In case you missed it: Best Fertilizer for Soybean Crop: Organic, Compost, NPK, When and How To Apply

Soybean Field

When selecting the seed for your Soybean farming business plan, it is important to consult with a local expert who can help you determine which type of seed will best suit your needs. Once you have selected the right type of seed for your farm, you must purchase it from a reputable source. Ask about return policies if the seed does not germinate or the plants do not thrive.

  • The first step is to obtain a business license from your local government.
  • Next, you must get a Soybean farming permit from the Department of Agriculture.
  • Finally, you must obtain a Food and Drug Administration (FDA) license.
  • Cultivating a Soybean crop is no different than any other bean crop. The main difference is the variety of Soybean that you choose to grow. There are many varieties of Soybeans, each with its benefits and drawbacks. You must select the best variety for your particular climate and soil type.
  • Once you have selected the right Soybean variety, you must prepare your soil. Soybeans require well-drained, fertile soil to thrive. The best method to achieve this is by conducting a soil test and following the recommendations for amendments.
  • After your soil is prepared, you will need to plant your seeds. Soybeans are typically planted in late spring or early summer.  Throughout the growing season, Soybeans will need to be watered regularly. They are especially susceptible to drought stress during flowering and pod filling. Keep an eye on your crop’s weather forecast and irrigation needs.
  • As harvest time approaches, scout your field for diseases and pests. These can cause serious damage to your crop if left unchecked. Treat any problems immediately according to the label directions. When the beans are mature, they can be harvested by hand or with a combine harvester.
  • Selecting the suitable variety : Many Soybeans are available. Select the one that is best suited for your field conditions.
  • Sowing at the right time : Timing is crucial for getting a good yield. Sow the seeds when the conditions are favorable for germination and growth.
  • Proper spacing : Maintaining proper distance between plants ensures good air circulation and exposure to sunlight. This will prevent diseases and encourage growth.
  • Adequate fertilizer : Use quality fertilizer to provide nutrients for optimal growth. Apply it at recommended rates and at the right time.
  • Proper irrigation : Irrigate the crop regularly to keep the soil moisture consistent. Avoid waterlogging as it can lead to root rot.
  • Pest and disease control : Regularly check for pests and diseases and take corrective measures immediately. This will help prevent crop damage and maintain a good yield.

In case you missed it: Top 19 Steps to Boost Soybean Yield: How to Increase Production, Quality, Size, and Tips

Soybean Plant

Crop rotation and inter-cropping are both important aspects of Soybean farming. Crop rotation helps replenish the soil’s nutrients, while inter-cropping allows different crops to be grown in the same field. Inter-cropping with Tur, Cotton, Sorghum, Cotton, and Sugarcane. It is rotated with Wheat, Potato, Gram, and Tobacco. This type of rotation provides a variety of nutrients for the plants and helps to prevent pests and diseases.

  • Once you have your business plan, it’s time to find the perfect location for your farm. The ideal location will have good soil conditions and be close to markets where you can sell your Soybeans. Once you’ve found the perfect spot, it’s time to start preparing the land for planting.
  • This involves clearing any debris, tilling the soil, and applying fertilizer. Once the land is ready, you can plant your Soybeans and grow your crop. Throughout the growing season, monitoring your plants and ensuring they get enough water and nutrients is important.
  • Once harvest time arrives, you must carefully remove the Soybeans from their pods and then dry them before storing or selling them. With proper care and attention, your Soybean farming business can succeed.
  • Research the market for Soybeans in your area. Determine if there is a demand for Soybeans and if businesses are already selling them in your area. Consider the price of Soybeans as well as the costs of production when making your decision.
  • Before starting any business, it is important to research the market. This will help you understand the demand for Soybeans and the prices that farmers are getting for their crops.
  • Create a business plan that should include information on your target market, marketing strategy, financial projections, and plans for production and distribution.
  • Once you have found the perfect location for your farm, you must prepare the land for planting. This includes clearing debris, tilling the soil, and leveling off areas that might be too hilly or sloped.

In case you missed it: Pest and Disease Management in Soya: Causes, Symptoms, Chemical, and Biological Control

Business Plan

  • Find a source of funding for your business. This could come from personal savings, loans, or investors.
  • Purchase the necessary supplies and equipment for growing and processing Soybeans. This could include land, seed, fertilizer, irrigation equipment, etc.
  • Plant the Soybeans and care for them throughout the growing season. This includes watering, weeding, and protecting them from pests and diseases.
  • Pests and diseases can also decimate crops, making it difficult to profit. Soybean farmers must constantly be on the lookout for pests and diseases that could potentially damage their crops.
  • Harvest the Soybeans when ready and process them into their final form (soy milk, tofu, etc.).
  • Market and sell your products to customers in your area. This could be through online sales, farmer’s markets, retail stores, etc
  • Location : The farm should be located in an area with a demand for Soybeans. This could be a local market or a regional or national market.
  • Land : The farm should have enough land to grow the desired Soybeans. The land should also have good soil quality and adequate drainage.
  • Equipment : The farm will need equipment for planting, harvesting, and transporting Soybeans. The equipment should be well-maintained and in good working condition.
  • Farm workers : The farm will need workers for planting, harvesting, and transporting Soybeans. These workers should be reliable and honest. They should also be able to work long hours during peak times.
  • Financing: The farm will need financial resources to cover start-up costs and ongoing operating expenses. This could come from personal savings, loans, or investments from others.

The main ways to harvest Soybeans are hand picking or machine harvesting. Hand-picking is a more labor-intensive method but can be done with minimal equipment. Machine harvesting is more expensive and requires specialized equipment, but it is much faster and easier. If you are hand-picking your Soybeans, wait until the pods are brown and dry before picking them. You can either shell the beans by hand or thresh them using a simple threshing machine. The average seed yield for Soybeans is about 6.1 to 7 quintals per acre.

In case you missed it: How to Start Soybean Farming in Kenya: A Step-By-Step Production Guide for Beginners

Soybean Cultivation

Soybean farming can be a rewarding business venture. With the right knowledge, you can create a successful Soybean farming plan that will ensure your success in the long run. Soybeans are one of the most versatile and nutritious crops in the world. Soybeans are a good protein source, making them an important part of many diets.

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I enjoyed every bit of my reading on soybean farming. Please assist me in writing a soybean farming business plan proposal. It’s was very informative and recommend for those interested in farming to read through. Thanks

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How to write a business plan for a soybean farm?

soybean farm business plan

Putting together a business plan for a soybean farm can be daunting - especially if you're creating a business for the first time - but with this comprehensive guide, you'll have the necessary tools to do it confidently.

We will explore why writing one is so important in both starting up and growing an existing soybean farm, as well as what should go into making an effective plan - from its structure to content - and what tools can be used to streamline the process and avoid errors.

Without further ado, let us begin!

In this guide:

Why write a business plan for a soybean farm?

  • What information is needed to create a business plan for a soybean farm?
  • How do I build a financial forecast for a soybean farm?

The written part of a soybean farm business plan

  • What tool should I use to write my soybean farm business plan?

Being clear on the scope and goals of the document will make it easier to understand its structure and content. So before diving into the actual content of the plan, let's have a quick look at the main reasons why you would want to write a soybean farm business plan in the first place.

To have a clear roadmap to grow the business

Running a small business is tough! Economic cycles bring growth and recessions, while the business landscape is ever-changing with new technologies, regulations, competitors, and consumer behaviours emerging constantly.

In such a dynamic context, operating a business without a clear roadmap is akin to driving blindfolded: it's risky, to say the least. That's why crafting a business plan for your soybean farm is vital to establish a successful and sustainable venture.

To create an effective business plan, you'll need to assess your current position (if you're already in business) and define where you want the business to be in the next three to five years.

Once you have a clear destination for your soybean farm, you'll have to:

  • Identify the necessary resources (human, equipment, and capital) needed to reach your goals,
  • Determine the pace at which the business needs to progress to meet its objectives as scheduled,
  • Recognize and address the potential risks you may encounter along the way.

Engaging in this process regularly proves advantageous for both startups and established companies. It empowers you to make informed decisions about resource allocation, ensuring the long-term success of your business.

To anticipate future cash flows

Regularly comparing your actual financial performance to the projections in the financial forecast of your soybean farm's business plan gives you the ability to monitor your business's financial health and make necessary adjustments as needed.

This practice allows you to detect potential financial issues, such as unexpected cash shortfalls before they escalate into major problems. Giving you time to find additional financing or put in place corrective measures.

Additionally, it helps you identify growth opportunities, like excess cash flow that could be allocated to launch new products and services or expand into new markets.

Staying on track with these regular comparisons enables you to make well-informed decisions about the amount of financing your business might require, or the excess cash flow you can expect to generate from your main business activities.

To secure financing

Crafting a comprehensive business plan for your soybean farm, whether you're starting up or already established, is paramount when you're seeking financing from banks or investors.

Given how fragile small businesses are, financiers will want to ensure that you have a clear roadmap in place as well as command and control of your future cash flows before entertaining the idea of funding you.

For banks, the information in your business plan will be used to assess your borrowing capacity - which is defined as the maximum amount of debt your business can afford alongside your ability to repay the loan. This evaluation helps them decide whether to extend credit to your business and under what terms (interest rate, duration, repayment options, collateral, etc.).

Similarly, investors will thoroughly review your plan to determine if their investment can yield an attractive return. They'll be looking for evidence that your soybean farm has the potential for healthy growth, profitability, and consistent cash flow generation over time.

Now that you understand the importance of creating a business plan for your soybean farm, let's delve into the necessary information needed to craft an effective plan.

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Information needed to create a business plan for a soybean farm

You need the right data in order to project sales, investments and costs accurately in the financial forecast of your soybean farm business plan.

Below, we'll cover three key pieces of information you should gather before drafting your business plan.

Carrying out market research for a soybean farm

Carrying out market research before writing a business plan for a soybean farm is essential to ensure that the financial projections are accurate and realistic.

Market research helps you gain insight into your target customer base, competitors, pricing strategies and other key factors which can have an impact on the commercial success of your business.

In particular, it is useful in forecasting revenue as it provides valuable data regarding potential customers’ spending habits and preferences.

Your market research might reveal that soybean prices may be increasing due to increased demand for vegan and vegetarian proteins. Additionally, your market research might indicate that there could be an increase in demand for organic soybeans as consumers become more conscious of the products they purchase.

This information can then be used to create more accurate financial projections which will help investors make informed decisions about investing in your soybean farm.

Developing the sales and marketing plan for a soybean farm

Budgeting sales and marketing expenses is essential before creating a soybean farm business plan.

A comprehensive sales and marketing plan should provide an accurate projection of what actions need to be implemented to acquire and retain customers, how many people are needed to carry out these initiatives, and how much needs to be spent on promotions, advertising, and other aspects.

This helps ensure that the right amount of resources is allocated to these activities in order to hit the sales and growth objectives forecasted in your business plan.

The staffing and equipment needs of a soybean farm

Whether you are at the beginning stages of your soybean farm or expanding its horizons, having a clear plan for recruitment and capital expenditures (investment in equipment and real estate) is vital to ensure your business's success.

To achieve this, both the recruitment and investment plans must align coherently with the projected timing and level of growth in your forecast. It is essential to secure appropriate funding for these plans.

A soybean farm could incur staffing costs such as wages and salaries for farmhands, a farm manager, and other employees. The farm could also incur costs for farm equipment such as tractors, combines, seeders, and other machinery. Additionally, the farm could incur costs for fuel, maintenance, parts, and other supplies necessary for the operation of the farm.

To create a financial forecast that accurately represents your business's outlook, remember to factor in other day-to-day operating expenses.

Now that you have all the necessary information, it's time to dive in and start creating your business plan and developing the financial forecast for your soybean farm.

What goes into your soybean farm's financial forecast?

The financial forecast of your soybean farm will enable you to assess the profitability potential of your business in the coming years and how much capital is required to fund the actions planned in the business plan.

The four key outputs of a financial forecast for a soybean farm are:

  • The profit and loss (P&L) statement ,
  • The projected balance sheet ,
  • The cash flow forecast ,
  • And the sources and uses table .

Let's take a closer look at each of these.

The projected P&L statement

The projected P&L statement for a soybean farm shows how much revenue and profits your business is expected to generate in the future.

projected profit and loss statement example in a soybean farm business plan

Ideally, your soybean farm's P&L statement should show:

  • Healthy growth - above inflation level
  • Improving or stable profit margins
  • Positive net profit

Expectations will vary based on the stage of your business. A startup will be expected to grow faster than an established soybean farm. And similarly, an established company should showcase a higher level of profitability than a new venture.

The forecasted balance sheet of your soybean farm

The projected balance sheet of your soybean farm will enable the reader of your business plan to assess the overall financial health of your business.

It shows three elements: assets, liabilities and equity:

  • Assets: are productive resources owned by the business, such as equipment, cash, and accounts receivable (money owed by clients).
  • Liabilities: are debts owed to creditors, lenders, and other entities, such as accounts payable (money owed to suppliers).
  • Equity: includes the sums invested by the shareholders or business owners and the profits and losses accumulated by the business to date (which are called retained earnings). It is a proxy for the value of the owner's stake in the business.

projected balance sheet in a soybean farm business plan example

Analysing your soybean farm projected balance sheet provides an understanding of your soybean farm's working capital structure, investment and financing policies.

In particular, the readers of your plan can compare the level of financial debt on the balance sheet to the equity value to measure the level of financial risk (equity doesn't need to be reimbursed, while financial debt must be repaid, making it riskier).

They can also use your balance sheet to assess your soybean farm's liquidity and solvency:

  • A liquidity analysis: focuses on whether or not your business has sufficient cash and short-term assets to cover its liabilities due in the next 12 months.
  • A solvency analysis: takes and longer view to assess whether or not your business has the capacity to repay its debts over the medium-term.

The projected cash flow statement

A cash flow forecast for a soybean farm shows how much cash the business is projected to generate or consume.

example of cash flow forecast in a soybean farm business plan

The cash flow statement is divided into 3 main areas:

  • The operating cash flow shows how much cash is generated or consumed by the operations (running the business)
  • The investing cash flow shows how much cash is being invested in capital expenditure (equipment, real estate, etc.)
  • The financing cash flow shows how much cash is raised or distributed to investors and lenders

Looking at the cash flow forecast helps you to ensure that your business has enough cash to keep running, and can help you anticipate potential cash shortfalls.

It is also a best practice to include a monthly cash flow statement in the appendices of your soybean farm business plan so that the readers can view the impact of seasonality on your business cash position and generation.

The initial financing plan

The initial financing plan, also known as a sources and uses table, is a valuable resource to have in your business plan when starting your soybean farm as it reveals the origins of the money needed to establish the business (sources) and how it will be allocated (uses).

soybean farm business plan: sources & uses example

Having this table helps show what costs are involved in setting up your soybean farm, how risks are shared between founders, investors and lenders, and what the starting cash position will be. This cash position needs to be sufficient to sustain operations until the business reaches a break-even point.

Now that you have a clear understanding of what goes into the financial forecast of your soybean farm business plan, let's shift our focus to the written part of the plan.

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The written part of a soybean farm business plan plays a key role: it lays out the plan of action you intend to execute to seize the commercial opportunity you've identified on the market and provides the context needed for the reader to decide if they believe your plan to be achievable and your financial forecast to be realistic.

The written part of a soybean farm business plan is composed of 7 main sections:

  • The executive summary
  • The presentation of the company
  • The products and services
  • The market analysis
  • The strategy
  • The operations
  • The financial plan

Let's go through the content of each section in more detail!

1. The executive summary

In your soybean farm's business plan, the first section is the executive summary — a captivating overview of your plan that aims to pique the reader's interest and leave them eager to learn more about your business.

When crafting the executive summary, start with an introduction to your business, including its name, concept, location, how long it has been running, and what sets it apart. Briefly mention the products and services you plan to offer and your target customer profile.

Following that, provide an overview of the addressable market for your soybean farm, current trends, and potential growth opportunities.

Next, include a summary of key financial figures like projected revenues, profits, and cash flows.

Finally, in the "ask" section, detail any funding requirements you may have.

2. The presentation of the company

As you build your soybean farm business plan, the second section deserves attention as it delves into the structure and ownership, location, and management team of your company.

In the structure and ownership part, you'll provide valuable insights into the legal structure of the business, the identities of the owners, and their respective investments and ownership stakes. This level of transparency is vital, particularly if you're seeking financing, as it clarifies which legal entity will receive the funds and who holds the reins of the business.

Moving to the location part, you'll offer a comprehensive view of the company's premises and articulate why this specific location is strategic for the business, emphasizing factors like catchment area, accessibility, and nearby amenities.

When describing the location of your soybean farm, you may want to emphasize its access to markets, potential for growth, and proximity to resources. It could be situated in a region with a strong agricultural infrastructure, providing a reliable source of inputs and services. Additionally, it might be located close to transportation networks which could facilitate the efficient transport of goods. Lastly, you may want to note how the area could benefit from other industries, such as technology or manufacturing, that may provide future economic opportunities.

Lastly, you should introduce your esteemed management team. Provide a thorough explanation of each member's role, background, and extensive experience.

It's equally important to highlight any past successes the management team has achieved and underscore the duration they've been working together. This information will instil trust in potential lenders or investors, showcasing the strength and expertise of your leadership team and their ability to deliver the business plan.

3. The products and services section

The products and services section of your business plan should include a detailed description of what your company offers, who are the target customers, and what distribution channels are part of your go-to-market. 

For example, your soybean farm could offer organic, non-GMO soybeans as a product, as well as a variety of different types of soybean-based items such as soy milk, tofu, and miso. In addition, your soybean farm could provide services such as soybean processing, packaging, and delivery to customers. By offering these products and services, your farm can provide customers with a convenient and reliable source of organic, non-GMO soybeans and related products.

4. The market analysis

When outlining your market analysis in the soybean farm business plan, it's essential to include comprehensive details about customers' demographics and segmentation, target market, competition, barriers to entry, and relevant regulations.

The primary aim of this section is to give the reader an understanding of the market size and appeal while demonstrating your expertise in the industry.

To begin, delve into the demographics and segmentation subsection, providing an overview of the addressable market for your soybean farm, key marketplace trends, and introducing various customer segments and their preferences in terms of purchasing habits and budgets.

Next, shift your focus to the target market subsection, where you can zoom in on the specific customer segments your soybean farm targets. Explain how your products and services are tailored to meet the unique needs of these customers.

For example, your target market might include families that prioritize organic and sustainable eating. They are likely to be more health conscious and may be willing to pay a premium for soybean products that are healthy and sustainably sourced. Furthermore, these families may value convenience and want to buy soybean products that are pre-packaged and easy to prepare.

In the competition subsection, introduce your main competitors and explain what sets your soybean farm apart from them.

Finally, round off your market analysis by providing an overview of the main regulations that apply to your soybean farm.

5. The strategy section

When crafting the strategy section of your business plan for your soybean farm, it's important to cover several key aspects, including your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

In the competitive edge subsection, clearly explain what sets your company apart from competitors. This is particularly critical if you're a startup, as you'll be trying to establish your presence in the marketplace among entrenched players.

The pricing strategy subsection should demonstrate how you aim to maintain profitability while offering competitive prices to your customers.

For the sales & marketing plan, outline how you plan to reach and acquire new customers, as well as retain existing ones through loyalty programs or special offers.

In the milestones subsection, detail what your company has achieved thus far and outline your primary objectives for the coming years by including specific dates for expected progress. This ensures everyone involved has clear expectations.

Lastly, in the risks and mitigants subsection, list the main risks that could potentially impact the execution of your plan. Explain the measures you've taken to minimize these risks. This is vital for investors or lenders to feel confident in supporting your venture - try to proactively address any objection they might have.

As a soybean farm, you may face two potential risks. Firstly, you could experience financial risks due to crop failure or low yields. If the weather is unfavourable or if the soil is not of a suitable quality, your crops may not produce the expected yields, leading to a financial loss. Secondly, you might also face pest and disease risks. If pests or disease affect your crops, this could lead to significant losses in terms of both quality and quantity of the crops. It is important to be aware of these risks and have strategies in place to minimise their potential impact.

6. The operations section

The operations of your soybean farm must be presented in detail in your business plan.

The first thing you should cover in this section is your staffing team, the main roles, and the overall recruitment plan to support the growth expected in your business plan. You should also outline the qualifications and experience necessary to fulfil each role, and how you intend to recruit (using job boards, referrals, or headhunters).

You should then state the operating hours of your soybean farm - so that the reader can check the adequacy of your staffing levels - and any plans for varying opening times during peak season. Additionally, the plan should include details on how you will handle customer queries outside of normal operating hours.

The next part of this section should focus on the key assets and IP required to operate your business. If you depend on any licenses or trademarks, physical structures (equipment or property) or lease agreements, these should all go in there.

You may have key assets such as land and machinery, as well as intellectual property such as patented seed varieties and crop management techniques. Additionally, you might have proprietary software used to manage farm operations, as well as copyrights for any educational materials or marketing content created.

Finally, you should include a list of suppliers that you plan to work with and a breakdown of their services and main commercial terms (price, payment terms, contract duration, etc.). Investors are always keen to know if there is a particular reason why you have chosen to work with a specific supplier (higher-quality products or past relationships for example).

7. The presentation of the financial plan

The financial plan section is where we will include the financial forecast we talked about earlier in this guide.

Now that you have a clear idea of the content of a soybean farm business plan, let's look at some of the tools you can use to create yours.

What tool should I use to write my soybean farm's business plan?

In this section, we will be reviewing the two main solutions for creating a soybean farm business plan:

  • Using specialized online business plan software,
  • Outsourcing the plan to the business plan writer.

Using an online business plan software for your soybean farm's business plan

Using online business planning software is the most efficient and modern way to create a soybean farm business plan.

There are several advantages to using specialized software:

  • You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
  • You are guided through the writing process by detailed instructions and examples for each part of the plan
  • You can access a library of dozens of complete business plan samples and templates for inspiration
  • You get a professional business plan, formatted and ready to be sent to your bank or investors
  • You can easily track your actual financial performance against your financial forecast
  • You can create scenarios to stress test your forecast's main assumptions
  • You can easily update your forecast as time goes by to maintain visibility on future cash flows
  • You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

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The Business Plan Shop does the maths for you. Simply enter your revenues, costs and investments. Click save and our online tool builds a three-way forecast for you instantly.

Screenshot from The Business Plan Shop's Financial Forecasting Software

Hiring a business plan writer to write your soybean farm's business plan

Outsourcing your soybean farm business plan to a business plan writer can also be a viable option.

These writers possess valuable experience in crafting business plans and creating accurate financial forecasts. Additionally, enlisting their services can save you precious time, enabling you to concentrate on the day-to-day operations of your business.

It's important to be mindful, though, that hiring business plan writers comes with a cost. You'll be paying not just for their time but also for the software they use, and their profit margin.

Based on experience, a complete business plan usually requires a budget of at least £1.5k ($2.0k) excluding tax, and more if revisions are needed after initial meetings with lenders or investors - changes often arise following these discussions.

When seeking investment, be cautious about spending too much on consulting fees. Investors prefer their funds to contribute directly to business growth. Thus, the amount you spend on business plan writing services and other consulting services should be negligible compared to the amount you raise.

Another aspect to consider is that while you'll receive the output of the business plan, you usually won't own the actual document. It will be saved in the consultant's business plan software, which will make updating the plan challenging without retaining the consultant on a retainer.

Given these factors, it's essential to carefully weigh the pros and cons of outsourcing your soybean farm business plan to a business plan writer and decide what best suits your business's unique needs.

Why not create your soybean farm's business plan using Word or Excel?

Using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write a soybean farm business plan is a terrible idea.

For starters, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is very technical and requires both a strong grasp of accounting principles and solid skills in financial modelling.

As a result, it is unlikely anyone will trust your numbers unless - like us at The Business Plan Shop - you hold a degree in finance and accounting and have significant financial modelling experience in your past.

The second reason is that it is inefficient. Building forecasts on spreadsheets was the only option in the 1990s and early 2000s, nowadays technology has advanced and software can do it much faster and much more accurately.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Also, using software makes it easy to compare actuals vs. forecasts and maintain our forecasts up to date to maintain visibility on future cash flows - as we discussed earlier in this guide - whereas this is a pain to do with a spreadsheet.

That's for the forecast, but what about the written part of my soybean farm business plan?

This part is less error-prone, but here also software brings tremendous gains in productivity:

  • Word processors don't include instructions and examples for each part of your business plan
  • Word processors don't update your numbers automatically when they change in your forecast
  • Word processors don't handle the formatting for you

Overall, while Word or Excel may be viable options for creating a soybean farm business plan for some entrepreneurs, it is by far not the best or most efficient solution.

  • Using business plan software is a modern and cost-effective way of writing and maintaining business plans.
  • A business plan is not a one-shot exercise as maintaining it current is the only way to keep visibility on your future cash flows.
  • A business plan has 2 main parts: a financial forecast outlining the funding requirements of your soybean farm and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.

We hope that this in-depth guide met your expectations and that you now have a clear understanding of how to write your soybean farm business plan. Do not hesitate to contact our friendly team if you have questions additional questions we haven't addressed here.

Also on The Business Plan Shop

  • How to write a business plan to secure a bank loan?
  • Key steps to write a business plan?
  • Top mistakes to avoid in your business plan

Do you know entrepreneurs interested in starting or growing a soybean farm? Share this article with them!

Guillaume Le Brouster

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

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How To Start A Lucrative Beans Farming Business In Nigeria and Africa: The Complete Guide

Beans farming is an important aspect of agriculture in Nigeria and Africa. Beans, also known as cowpeas, are a common staple food in many African countries, especially in Nigeria, where they are a major source of protein for millions of people. The demand for beans is high both domestically and internationally, making beans farming a profitable business venture.

In Nigeria, beans are cultivated in almost all states of the country, with the northern region being the major producer. According to the National Bureau of Statistics (NBS), beans farming accounts for about 3% of Nigeria’s Gross Domestic Product (GDP), and the country is the largest producer of cowpeas in the world, accounting for about 65% of the global production. Furthermore, the Food and Agriculture Organization (FAO) reports that Africa accounts for about 50% of the world’s total production of cowpeas.

The global demand for beans continues to rise, and this presents an export opportunity for Nigerian and African beans farmers. In 2020, the total export value of Nigerian beans was over $33 million, with Niger, Ghana, and Burkina Faso being the major export destinations. Furthermore, the African Continental Free Trade Agreement (AfCFTA) provides a platform for beans farmers to access a wider market across the continent.

With the vast arable land in Nigeria and Africa, favorable weather conditions, and a growing population, beans farming presents a great opportunity for farmers and entrepreneurs to invest in and contribute to the growth of the agricultural sector.

See Also:   How To Start A Lucrative Egg Supply Business In Nigeria and Africa: The Complete Guide

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Beans are a type of legume that belong to the family Fabaceae. Scientifically known as Phaseolus vulgaris, they are a rich source of protein, dietary fiber, and complex carbohydrates. Beans are a staple crop in Nigeria and Africa, where they are grown extensively for food, animal feed, and export. They come in a variety of types, including black beans, navy beans, kidney beans, and pinto beans.

What Is Beans Farming In Nigeria and Africa About?

Beans farming involves the cultivation and harvesting of different varieties of beans for either commercial or subsistence purposes. It is an agricultural practice that requires proper planning, management, and execution to ensure a good yield.

Beans are an important source of protein, fiber, and essential nutrients and play a significant role in the diet of millions of people in Nigeria and Africa as a whole. This agricultural activity is becoming increasingly popular as a source of income and food security for rural and urban farmers.

The process of beans farming includes land preparation, planting, weeding, pest and disease control, and harvesting. It is a versatile and adaptable farming activity that can be carried out in different agro-ecological zones across Nigeria and Africa.

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Benefits of Beans Farming In Nigeria  and Africa

  • High Nutritional Value: Beans are rich in protein, fiber, vitamins and minerals, making it an excellent food for human consumption.
  • Economic Value: Beans farming is a profitable venture, as it is a highly demanded commodity in both the local and international market.
  • Food Security: Beans farming contributes to food security, as it provides a source of protein for both human and animal consumption.
  • Environmental Benefits: Beans are legumes, and they have the ability to fix atmospheric nitrogen, thereby reducing the need for synthetic fertilizers and promoting soil health.
  • Employment Opportunities: Beans farming provides employment opportunities for both skilled and unskilled laborers, thereby reducing the rate of unemployment in the country.
  • Crop Rotation: Beans farming can be used as a form of crop rotation, thereby reducing soil erosion and promoting soil fertility.
  • Health Benefits: Beans contain antioxidants that help to reduce the risk of chronic diseases such as cancer and diabetes.
  • Drought Tolerance: Beans have the ability to tolerate drought, making it a suitable crop for regions with low rainfall.
  • Improved Livelihood: Beans farming can improve the livelihood of farmers, as it provides a source of income and can help to reduce poverty in rural areas.
  • Improved Agricultural Practices: Beans farming requires good agricultural practices such as proper soil preparation, good seed selection, and effective pest and disease management, thereby promoting the adoption of sustainable agriculture.

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Health Benefits of Beans

  • Heart Health: Beans are low in saturated fat and high in fiber, making them a great addition to a heart-healthy diet. The soluble fiber in beans helps to lower cholesterol levels, reducing the risk of heart disease.
  • Digestive Health: Beans are a good source of both soluble and insoluble fiber, which can help promote healthy digestion and prevent constipation.
  • Blood Sugar Control: The low glycemic index of beans makes them an excellent food choice for those looking to regulate their blood sugar levels. The high fiber content also slows down the absorption of glucose, which can help prevent spikes in blood sugar levels.
  • Weight Management: Beans are a low-calorie, high-fiber food that can help you feel full and satisfied, making them an excellent food choice for weight management.
  • Improved Brain Function: The vitamin B6 in beans helps to improve brain function and cognitive abilities, while the iron in beans helps to promote healthy blood flow to the brain.
  • Boosts Immunity: Beans are a rich source of antioxidants and phytonutrients that help to boost the immune system and protect the body from disease and infection.
  • Reduced Risk of Cancer: The high fiber content of beans can help to reduce the risk of colorectal cancer, while the phytochemicals in beans have been shown to have anti-cancer properties.
  • Eye Health: The high levels of vitamin A in beans are essential for maintaining healthy eyesight and preventing age-related macular degeneration.
  • Strong Bones: The high levels of calcium and magnesium in beans help to promote strong bones and prevent osteoporosis.
  • Reduced Risk of Type 2 Diabetes: The low glycemic index of beans, combined with their high fiber content, helps to regulate blood sugar levels and reduce the risk of developing type 2 diabetes.
  • Improved Mood: The amino acid tryptophan in beans helps to regulate mood and promote feelings of well-being.
  • Improved Skin Health: The vitamin C and zinc in beans help to promote healthy skin and prevent skin damage from the sun and other environmental factors.
  • Reduced Inflammation: The antioxidants and phytonutrients in beans have anti-inflammatory properties, which can help to reduce inflammation in the body and prevent chronic diseases.
  • Improved Sleep: The magnesium and tryptophan in beans help to promote relaxation and improve sleep quality.
  • Lowered Risk of Cardiovascular Disease: The soluble fiber in beans helps to reduce cholesterol levels, lower blood pressure, and prevent the development of cardiovascular disease.

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Business opportunities in beans farming in nigeria and africa.

  • Export: Beans farming presents an opportunity for export. Nigeria is one of the largest producers of beans in the world and exporting can generate foreign exchange.
  • Retail: Retail is one of the primary business opportunities in beans farming. The beans can be sold directly to consumers in markets or through online platforms.
  • Wholesale: Another business opportunity in beans farming is the sale of beans to wholesalers, who will then distribute to retailers.
  • Processing: The beans can be processed into other products such as flour, canned beans, and bean snacks, presenting an opportunity for processing businesses.
  • Distribution: The distribution of beans and bean products from the farms to the markets and other outlets is another business opportunity.
  • Consultancy: Experienced beans farmers can offer consulting services to new or struggling farmers, providing them with guidance on how to increase yields and improve the quality of their beans.
  • Seed sales: Beans farmers can sell high-quality bean seeds to other farmers who want to start beans farming or improve their yield.
  • Transportation: Transportation is an important part of beans farming, as it is necessary to move the beans from the farm to the markets. Entrepreneurs can start a transportation business that caters to the needs of beans farmers.
  • Fertilizer sales: Farmers need fertilizers to improve the quality and yield of their crops. Entrepreneurs can start a business selling fertilizers to beans farmers.
  • Technology: Technology plays a crucial role in modern agriculture. Entrepreneurs can start a business providing technological solutions such as mobile apps, farm management software, and drones to beans farmers, making their work easier and more efficient.

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Facts About Beans Farming In Nigeria and Africa

  • Beans are a significant source of protein and other nutrients for millions of people in Nigeria and Africa.
  • Nigeria is the largest producer of beans in Africa and the third-largest producer in the world after India and Brazil.
  • The demand for beans and other legumes is growing globally, driven by increasing health consciousness and changing food habits.
  • Beans farming is a source of income for many farmers in Nigeria and Africa, especially smallholder farmers.
  • Beans can be grown in different parts of Nigeria and Africa, with the major producing states in Nigeria being Kano, Kaduna, Plateau, and Bauchi.
  • Beans can be intercropped with other crops such as maize, cassava, and yams, which can enhance the productivity of the farm.
  • There are different varieties of beans grown in Nigeria and Africa, including black-eyed beans, white beans, brown beans, and others.
  • Beans farming can be done using different methods, including intercropping, monocropping, and conservation agriculture.
  • The use of improved seed varieties, fertilizer, and other farm inputs can increase the yield and quality of beans produced.
  • Beans can be processed into different products such as bean flour, bean cake, and others, which can be sold for a higher value.
  • Beans are used in different local dishes in Nigeria and Africa, such as moimoi, akara, and others.
  • Beans farming can help to improve soil health by fixing nitrogen in the soil, which can enhance the productivity of the farm.
  • Beans are a climate-resilient crop, as they can tolerate drought and other adverse weather conditions.
  • Beans farming can contribute to reducing poverty and improving food security in Nigeria and Africa, especially in rural areas.
  • The export market for beans and other legumes is growing, with Nigeria and Africa having the potential to tap into this market and earn foreign exchange.

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Types Of Beans Farming Businesses In Nigeria and Africa

Beans farming can be done in various ways and there are different types of businesses that can be established around it in Nigeria and Africa. Here are some of the types of beans farming businesses:

  • Commercial beans farming: This involves large scale production of beans for sale in the market.
  • Small scale beans farming: This is the production of beans on a small scale, usually for subsistence or local markets.
  • Contract farming: In this type of beans farming, farmers enter into agreements with processors or exporters to supply beans based on certain conditions.
  • Organic beans farming: This is the production of beans without the use of chemical fertilizers, pesticides, or herbicides.
  • Value-added beans products: This type of business involves processing beans into other products like flour, snacks, or beverages.
  • Bean seed production: This involves producing high-quality beans seeds for planting purposes.
  • Research and development: This involves carrying out research on beans production and developing new varieties or techniques to improve yields.
  • Beans storage and distribution: This type of business involves the storage, packaging, and distribution of beans to local or international markets.
  • Beans export: This involves exporting beans to other countries where there is a high demand for them.
  • Beans processing: This involves processing beans into various forms, such as canned beans, baked beans, and other products.

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Types Of Beans Used For Beans Farming In Nigeria and Africa

Beans farming in Nigeria and Africa has a wide range of bean types that can be cultivated, and each type has its unique features and benefits. Here are some common types of beans used for beans farming in Nigeria and Africa:

  • Cowpea: Also known as black-eyed pea, it is one of the most widely cultivated beans in Nigeria and Africa. Cowpea is a valuable crop because it is drought-tolerant and can grow in various soil types.
  • Soybean: Soybean is a legume that is rich in protein, and it is used for making soy milk, tofu, and other products. It is also used as a source of protein in animal feed.
  • Bambara nut: Bambara nut is a type of bean that is mostly grown in West Africa. It is a good source of protein and can be used in various dishes.
  • Lima bean: Lima beans are an excellent source of protein and can be used in soups, stews, and salads.
  • Kidney bean: Kidney beans are known for their red color and kidney shape. They are used in various dishes and are a good source of protein.
  • Mung bean: Mung beans are a type of legume that is high in protein and is used in various Asian dishes.
  • Pinto bean: Pinto beans are a good source of protein and are commonly used in Mexican cuisine.
  • Navy bean: Navy beans are small, white beans that are commonly used in baked beans and soups.
  • Lentils: Lentils are a type of legume that are high in protein and can be used in soups, stews, and salads.
  • Black bean: Black beans are commonly used in Latin American cuisine and are a good source of protein.

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The Planting & Harvesting Seasons For Beans In Nigeria and Africa

The planting season for beans in Nigeria and Africa typically starts from April to June during the rainy season. Beans thrive in moist soil and the ideal temperature range for growth is between 18°C and 30°C.

The harvesting period for beans in Nigeria and Africa usually starts from September to November depending on the variety of beans planted. The beans pods are usually harvested when they have matured and the plants have started to dry up.

How To Start Beans Farming In Nigeria and Africa: Step-By-Step Guide

Beans farming is a lucrative agricultural business in Nigeria and Africa. Below is a step-by-step guide on how to start beans farming in Nigeria and Africa:

  • Conduct Market Research: The first step in starting any business is to conduct market research. Research on the demand for beans, the types of beans that are in demand, the competition, the local and international market, and the price of beans.
  • Develop a Business Plan: Develop a business plan that outlines your production goals, target market, pricing, marketing and sales strategy, and financial projections.
  • Acquire Farmland: Acquire suitable farmland with suitable soil and climate conditions for beans cultivation. The land should be cleared, plowed, and prepared for planting.
  • Seed selection: Select high-quality seeds that are disease-free and of good genetic stock. Choose the appropriate bean variety that suits the climate and soil type in your region.
  • Planting: Plant beans at the beginning of the rainy season when the soil is moist. Make holes about 5 cm deep and space them about 15-20 cm apart. Drop one or two seeds per hole and cover with soil.
  • Weeding: Remove weeds from the field regularly to allow the beans to grow freely.
  • Fertilization: Apply organic or inorganic fertilizers to the field before planting to improve soil fertility.
  • Processing: Remove the outer pods from the beans, and sun-dry or roast them to preserve them for storage and sale.
  • Soil Management: Ensure that the soil is properly managed through practices like irrigation, fertilization, and weed control.
  • Pest and Disease Control: Implement pest and disease control measures, including the use of organic and chemical solutions.
  • Harvesting: Beans mature after 90-120 days, depending on the variety. Check the pods for maturity and pick them when the pods have turned brown and crispy. Store the harvested beans in a cool, dry place.
  • Storage: Store the harvested beans in a dry and cool place to prevent spoilage.
  • Marketing and Sales: Develop a marketing and sales strategy that targets local and international markets, such as local markets, food processing companies, and exporting opportunities.

Starting a beans farming business can be very profitable if the necessary steps are taken to ensure success.

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How To Process & Package Beans In Nigeria or Africa

Processing and packaging beans is an important aspect of the bean farming industry in Nigeria and Africa. Here is a step-by-step guide on how to process and package beans along with the equipment needed:

  • Sorting: The first step in processing beans is to sort them to remove any foreign matter such as stones, sticks, and other debris. This can be done manually or by using a mechanical sorter.
  • Cleaning: After sorting, the beans are thoroughly cleaned to remove any dirt and dust. This is usually done using a blower or air cleaner.
  • Dehulling: Dehulling is the process of removing the outer layer of the beans. This is usually done using a mechanical dehuller, which can be adjusted to remove the outer layer to varying degrees.
  • Polishing: After dehulling, the beans are polished to give them a shiny appearance. This can be done using a bean polisher.
  • Grading: The beans are then graded based on their size, shape, and color. This is important for quality control and helps to ensure consistency in the final product.
  • Packaging: Finally, the beans are packaged in bags or other containers for distribution and sale. This is typically done using a bagging machine or other packaging equipment.

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Types Of Equipment Used To Produce & Package Beans In Nigeria or Africa

  • Cleaning machine: This is used to remove impurities such as stones, sticks, and dirt from the beans. The cleaning machine has different compartments and uses sieves of different sizes to separate the beans from other unwanted materials.
  • Dehuller: The dehuller is used to remove the outer coat of the beans. The machine uses friction to remove the hull from the beans.
  • Gravity table: This machine uses the principle of gravity to separate the beans based on their density. It separates the heavier and more mature beans from the lighter and immature ones.
  • Polisher: This machine is used to give the beans a polished appearance. It removes any remaining outer layer and gives the beans a smooth surface.
  • Grading machine: This machine is used to separate the beans according to their size. The machine has different compartments with different size openings to grade the beans.
  • Packaging machine: This machine is used to package the beans in different sizes and quantities. It can be manual or automatic and can be adjusted to suit the desired quantity of beans to be packaged.
  • Weighing scale: This equipment is used to weigh the beans before packaging to ensure that the desired quantity is achieved.
  • Sealing machine: This machine is used to seal the packaging bags after filling them with beans. It can be a manual or automatic sealing machine.

These are some of the equipment used to process and package beans in Nigeria and Africa. The specific equipment used may vary depending on the scale of production and the level of automation.

Target Market For The Beans Farming Business In Nigeria or Africa

  • Domestic market: The domestic market for beans in Nigeria and Africa is significant, as beans are a staple food in many households. The demand for beans is constant throughout the year, making it a lucrative market for farmers.
  • Export market: The export market for beans in Nigeria and Africa is also growing. Beans are exported to other countries in West Africa, Europe, and Asia. The Nigerian government has made efforts to increase bean production to meet the growing demand for exports.
  • Food processing industry: Beans are used in the production of various food products such as canned beans, bean flour, and bean cakes. The food processing industry in Nigeria and Africa is growing, creating a market for beans farmers.
  • Animal feed industry: Beans are also used in the animal feed industry as a source of protein for livestock. The demand for animal feed is high in Nigeria and Africa, providing another market for beans farmers.
  • Retail markets: Retail markets such as supermarkets and grocery stores also provide a market for beans farmers. These markets provide an opportunity for farmers to sell their beans directly to consumers, cutting out the middlemen.

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How To Sell or Market Beans Products In Nigeria or Africa

  • Direct sales to consumers: You can sell your beans directly to consumers at local markets or through a roadside stand.
  • Wholesalers: You can sell your beans to wholesalers who will distribute them to other retailers.
  • Export: You can export your beans to other countries where there is a demand for them.
  • Online marketplaces: You can sell your beans on online marketplaces like Jumia and Konga.
  • Supermarkets: You can sell your beans to supermarkets that specialize in selling agricultural products.
  • Processing: You can process your beans into products like flour, which can be sold to bakeries and other food manufacturers.
  • Cooperatives: You can join a cooperative and sell your beans through the cooperative’s marketing channels.
  • Restaurant and food service providers: You can sell your beans to restaurants and other food service providers that use beans as ingredients in their dishes.
  • Food processing companies: You can sell your beans to food processing companies that make products like canned beans.
  • Direct marketing: You can use social media, advertising, and other marketing methods to directly reach consumers and promote your beans.

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Challenges Of Beans Farming In Nigeria and Africa

Beans farming in Nigeria and Africa comes with a variety of challenges. Here are 15 of them:

  • Pests and diseases: Beans plants are susceptible to pests and diseases, which can cause significant damage to the crop if not controlled effectively.
  • Lack of quality seeds: The quality of the seed used for planting is crucial to the success of the crop, and the availability of high-quality seeds can be limited.
  • Lack of irrigation: In areas with insufficient rainfall, beans farming requires irrigation, and the lack of access to water can make it challenging to grow the crop.
  • Soil erosion: Beans farming is often done on hilly or sloping terrain, which makes it vulnerable to soil erosion.
  • Poor soil fertility: Beans require a lot of nutrients to grow, and soil with low fertility can affect the yield and quality of the crop.
  • Inadequate storage facilities: The lack of adequate storage facilities can result in spoilage and loss of the harvested crop.
  • Lack of access to credit: Farmers may not have access to credit to finance their beans farming activities, making it challenging to purchase inputs, equipment, and hire labor.
  • High cost of inputs: The cost of fertilizers, pesticides, and herbicides can be high, making it difficult for farmers to afford them.
  • Unpredictable weather: Beans farming is highly dependent on weather conditions, and unpredictable weather patterns can result in crop failure.
  • Limited market access: Farmers may have difficulty accessing markets to sell their beans, which can result in low prices and income.
  • Low prices: Prices for beans can be low due to competition from imports and the lack of value addition in the domestic market.
  • Poor transportation infrastructure: Poor transportation infrastructure can make it challenging to transport beans from rural areas to markets.
  • Lack of access to information: Many farmers lack access to information on best farming practices, new technologies, and market information.
  • Land tenure issues: Land tenure issues, such as unclear ownership and disputes, can make it challenging for farmers to invest in beans farming.
  • Climate change: Climate change can affect bean farming by altering rainfall patterns, increasing temperatures, and exacerbating soil erosion.

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To Sum It Up

In conclusion, Beans farming in Nigeria and Africa is a promising business opportunity with a wide range of benefits and opportunities for entrepreneurs. It is a major source of food and income for smallholder farmers and provides opportunities for large-scale commercial farming as well. Some of the benefits of beans farming include high yield potential, good nutrition, and a wide range of market opportunities.

There are several types of beans farming businesses, including commercial farming, subsistence farming, and value-added processing. Different types of beans are also grown and marketed, including cowpea, soybean, and kidney beans.

To start beans farming, entrepreneurs need to identify the best varieties, prepare the land, plant the seeds, and manage pests and diseases. There are also several marketing strategies that can be used to sell beans farming products, including direct sales, cooperative marketing, and online marketing.

However, beans farming in Nigeria and Africa faces several challenges, including limited access to finance, inadequate infrastructure, and unpredictable weather patterns. Addressing these challenges requires the involvement of stakeholders across the value chain, including farmers, policymakers, and the private sector.

Overall, with the right knowledge, skills, and support, beans farming in Nigeria and Africa can be a profitable and sustainable business opportunity for entrepreneurs looking to contribute to food security and economic development in the region.

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Professional Business Plan Writing Service Writing a bank and investor ready professional BEANS farming business plan can be challenging. If you need a professional and affordable business plan service, STARTUPTIPSDAILY’S MBA STANDARD PROFESSIONAL BUSINESS PLAN WRITING SERVICE  is perfect for your business. All you have to do is request an understanding of your proposed business model, and you’d have a professional MBA standard business plan ready for you in anywhere from 5 to 14 days.  YOU CAN CLICK HERE TO GET STARTED WITH USING STARTUPTIPSDAILY’S PROFESSIONAL BUSINESS PLAN WRITING SERVICE TO CREATE THE PERFECT BUSINESS PLAN THAT’D GET ACCEPTED ANYWHERE.

What are your thoughts on how to start rabbit farming in Nigeria, Africa, or any other part of the world? Let me know by leaving a comment below.

Stan Edom

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15 Comments

Great piece thanks for sharing..

Thank you for reading, Cajiri.

My silent business coach, i always love your mindset, thank you for free knowledge once more.

Thank you for always reading, Ben.

Nice piece.will discuss it with my staff.has been looking what plant to grow in my 400 by 400 plot of land.can we plant corn or yam in same farm at the same time?

very nice read. Didn’t think beans is that lucrative. Thanks for this info bro.

I plan to start beans cultivation. What part of the year can I plant and approximately what will be the yield per hectare?

Thank you very kindly for this piece of information. I really care to know the time of the year it’s advisable to plant beans. After harvest does it require any form of milling machine to remove the chaff or its done manual with hands. Thank you as I await your utmost response.

It only requires rain to come up, ones that is done, excess rainfall can hinder or aberrate it’s growth, therefore lead to lower or no yield. The best time during Middle of August when there is little rainfall or when rainfall is at it last episode, and March when they might be just little rainfall to later but none.

How many plots of land can some one use to start Bean farming am very in interested even looking for land presently your reply will be highly appreciated thanks

You can start anywhere from a plot.

I like your great ideas and i would like to start this in Zambia, your plans are so effective

Thank you for reading, Mwansa.

Merci pour l’article

Comments are closed.

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ProfitableVenture

Soybean Farming Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Agriculture Sector

Do you want to start a soybean farm and need to write a business plan? If YES, here is a sample soybean farming business plan template & feasibility report.

Soybean has great economic value and they can be used for the production of soybean meal, soybean oil, soybean hull and even in the production of biofuel and animal feed. Starting a soybean farming business comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture.

An aspiring entrepreneur can either choose to start a soybean farm on a small or large scale depending on their financial status.

A Sample Soybean Farming Business Plan Template

1. industry overview.

Farmers in the soybean farming industry primarily grow soybeans as their main crop. Soybeans are most often used in livestock feeds and vegetable oils, with a small but growing proportion being used in bio fuel production. Interestingly, businesses that are involved in the selling of soybean seeds to US farmers for growing crops are also part of this industry.

Statistics has it that in the united states of America alone, there are about 104,687 licensed and registered soybean farms responsible for employing about 108,712 employees and the industry rakes in a whooping sum of $40 billion annually with an annual growth rate projected at -2.1 percent between 2014 and 2019.

A recent report published by IBISWorld estimates that the industry revenue increased at an annual rate of 6.0 percent over the five years to 2011 to reach $29.8 billion.

The Soybean Farming industry has been immensely volatile throughout its history, and the past five years are no exception; during the period, revenue skyrocketed by nearly 30.0 percent in 2007 and is expected to dip by as much as 6.0 percent in 2011.

Industry performance is strongly influenced by forces such as weather patterns, exchange rates and demand for corn that are all outside farmers’ control and nearly impossible to anticipate.

A sizable amount of the revenue increase in the past five years can be attributed to the rising price of soybeans. Sluggish growth in agricultural outputs in the previous decade combined with larger populations and incomes in developing countries set the stage for a price spike.

The report further shows that the soybean farming industry is experiencing a period of strong profitability, as price increases have outpaced rising costs. Operating and input costs have steadily gone up each year over the five years to 2011, but at a considerably slower pace than the average annual growth in price.

As a result, soybean farmers are expected to turn a profit in each of the five years to 2011, which is a remarkable turnaround for an industry that faced four consecutive years of large losses from 1999 to 2002. However, margins in 2011 are likely to drop as costs of seeds, fertilizers, herbicides and other farm chemicals continue their steady ascent while prices and production drop because of lower demand.

Nevertheless, soybean planted area is expected to reach record highs in 2011 as farmers shift away from less profitable crops, particularly winter soybeans. With the recent advancement in technology, farmers can now comfortably grow crops such as soybean in a country where such crops can hardly survive.

One thing is certain when it comes to commercial soybean farming, if you are able to conduct your market research and feasibility studies before choosing a location for cultivating your soybean, you are likely not going to struggle to grow the soybean farming business and also to sell your soybean because there are always food processing companies and consumers out there who are ready to buy from you.

With commercial soybean farming it will pay you not to only cultivate soybean, you can as well start a soybean processing plant; producing and packaging soybean meal, soybean oil and soybean hull et al. The bottom line is that if you have enough land and you are interested in maximizing commercial soybean farming, you are sure going to make huge profits from the business.

2. Executive Summary

Fred Nathan® Soybean Farms, Inc. is a registered commercial farm that will be based in the outskirts of Overland Park, Kansas – United States. We have done our detailed market research and feasibility studies and we were able to secure a suitable farm land to start our commercial soybean farm.

Our commercial soybean farm is a going to be a standard farm hence will be involved in both commercial soybean cultivation and soybean processing and packaging.

We have put plans in place that will help us launch a standard soybean processing plant within the first three years of officially running Fred Nathan® Soybean Farms, Inc. We will process and package soybean meal, soybean oil and soybean hull et al and ensure that they flood the market.

This is why aside from the fact that we’ve secured the required farming land and most of the farming equipment and machines, 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 commercial soybean farm workforce that we want to build.

We have put process and strategies in place that will help us employ best practices when it comes to soybean farming processes and soybean meal, soybean oil and soybean hull processing and packaging as required by the regulating bodies in the United States of America.

Fred Nathan® Soybean Farms, Inc. is owned and financed by Mr. Fred Nathan and his immediate family members. Before starting Fred Nathan® Soybean Farms, Inc., Fred Nathan has worked with some of the leading commercial farms and food processing plants in the United States of America; he has a degree (B.Sc.) in Agriculture Science from University of Kansas.

3. Our Products and Services

Fred Nathan® Soybean Farms, Inc. is a world class commercial farm that is committed to cultivating both organic and non – organic soybean for both the United States’ market and the global market. We are in business to produce both food and raw materials for people and industries in commercial quantities.

We will also ensure that we operate a standard soybean processing plant as part of our complimentary business. These are the areas we will concentrate on in our soybean farms. If need arises, we will definitely cultivate related crops;

  • Cultivating soybeans
  • Operating standard soybean processing plant

4. Our Mission and Vision Statement

  • Our vision is to become one of the leading commercial soybean farms and soybean processing brand not just in the United States of America but also on the global stage.
  • Fred Nathan® Soybean Farms, Inc. is a world class soybean farm that is in business to cultivate soybean in commercial quantities for both the United States market and the international market.
  • We want our well – packaged soybean meal, soybean oil, soybean hull and bio fuel et al to flood the United States and other countries of the world.

Our Business Structure

Fred Nathan® Soybean Farms, Inc. intends starting small in Overland Park – Kansas, but hopes to grow big in order to compete favorably with leading commercial soybean farms in the United States. We are aware of the importance of building a solid business structure that can support the kind of world class business we want to own.

At Fred Nathan® Soybean Farms, Inc., 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.

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, Fred Nathan® Soybean Farms, Inc. have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Operating Officer

General Farm Manager

Administrator/Accountant

  • Soybean Cultivation Manager/Supervisor
  • Soybean Processing and Packaging Plant Manager
  • Sales and Marketing Executive
  • Field Employees

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 accountability; planning, monitoring, and appraising job results
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • 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
  • Supervise other section managers
  • Providing 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 growth of crops (soybeans)
  • Responsible for overseeing the accounting, costing and sale of farm produce after harvest
  • Represent the organization’s interest at various stakeholders’ meetings
  • Ensures that farming goals desired result are achieved, the most efficient resources are utilized and different interests involved are satisfied.
  • Oversee the smooth running of the daily farming activities across the various farming sections.
  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • 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
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the farm
  • Serves as internal auditor for the farm

Soybeans Cultivation Manager/Supervisor

  • Responsible for managing the soybean cultivation section of the farm
  • Supervises other workers within the department
  • Work closely with the General Manager to achieve the organizations’ goals and objectives

Soybeans Processing and Packaging Manager/Supervisor

  • Responsible for managing the soybean processing and packaging section
  • Ensures that quality soybean meal, soybean oil, soybean hull and bio fuel et al are produced from the processing plant
  • Serve as a quality control/assurance manager

Sales and Marketing Officer

  • Identify, prioritize, and reach out to new partners, and business opportunities et al
  • Responsible for handling business research, marker surveys and feasibility studies for the organization
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Document all customer contact and information
  • Represent the company in strategic meetings
  • Help increase sales and growth for the farm

Field Workers/Contract Staff

  • Responsible for preparing farm lands for soybean cultivation
  • Responsible for watering the crop
  • Weeding or fertilizer and / or pest control application
  • Assist in handling the harvest of soybean
  • Carries out task in line with the stated job description
  • Assist in transport working tools and equipment from the farm and back to the designated store room
  • Handles any other duties as assigned by the line manager

6. SWOT Analysis

Fred Nathan® Soybean Farms, Inc. 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 soybean farm that will favorably compete with leading commercial soybean farms in the United States of America.

We are quite aware that there are several soybean farms all over Overland Park – Kansas, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be equipped to confront our threats.

Fred Nathan® Soybean Farms, Inc. employed the services of an expert HR and Business Analyst with bias in the commercial farming industry to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives.

Here is a summary from the result of the SWOT analysis that was conducted on behalf of Fred Nathan® Soybean Farms, Inc.;

Our strength as a soybean farm is the fact that we have healthy relationships with loads of major players in the commercial farms industry. We have some of the latest commercial farming machines, tools and soybean processing equipment that will help us cultivate soybean 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 Overland Park – Kansas in our payroll.

Our weakness could be that we are a new soybean farm in the United States, and perhaps the fact that we decided to diversify our farming activities could count against us initially. We are aware of this and from our projection, we will overcome this weakness with time and turn it to a major advantage for the business.

  • Opportunities:

Organic chemical manufacturers produce biodiesel from soybean oil and other vegetable oils. Increases in demand for soybean oil result in higher demand from oilseed processors and, ultimately, higher prices. Demand from organic chemical manufacturing is expected to increase in the coming year, presenting a potential opportunity for the industry.

Soybean farmers derive a portion of their income from government assistance programs, including subsidies. Any changes in farm policy have a major effect on the returns to soybean growers. Subsidies for soybean farming are expected to decrease in the coming year, posing a potential threat to the industry.

7. MARKET ANALYSIS

  • Market Trends

One of the common trends in the Soybean Farming industry is that most players in the industry are no longer concentrating only on non – organic soybean farming. They now find it easier to run both organic and non – organic cultivation.

It is fact that despite that organic food are expensive, the sale for organic food is on the increase and it is indeed profitable.

Soybean farmers are exploring new technology to continue to improve the cultivation, preservation and processing processes; mechanized farming has indeed increased the tons of food produced by farmers. The fact that there is always a ready market for soybean, soybean meal, soybean oil, soybean hull and biofuel et al makes the business highly profitable.

8. Our Target Market

The end consumer of soybean in any form and also those who benefits from the business value chain are all encompassing.

Almost every household consumes soybean in different forms. In essence a soybean farmer should be able to sell his or her farm produce to as many people as possible including production companies that make use of soybean as raw materials.

We will ensure that we position our business to attract consumers 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 soybean, soybean seeds and soybean meal, soybean oil, soybean hull and biofuel et al.

Our Competitive Advantage

Fred Nathan® Soybean Farms, Inc. is aware that there are competitions when it comes to selling soybean and its byproducts, 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.

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 soybean farming processes that can help us sell our produce 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 soybean farm that will also include a soybean processing plant.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and objectives.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Fred Nathan® Soybean Farms, Inc. is in the commercial 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 farm produce to generate income for the business. Below are the sources we intend exploring to generate income for Fred Nathan® Soybean Farms, Inc.;

  • Operating a standard soybean processing plant

10. Sales Forecast

We conducted a thorough market survey and feasibility studies and we were able to discover that the sales generated by a commercial farm depends on the size and nature of the farm.

We have perfected our sales and marketing strategies and we are quite optimistic that we will meet or even surpass our set target of generating enough income/profits from the first year of operation and build the business from survival to sustainability.

We have been able to examine the agriculture industry cum soybean farm line business, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some workable assumptions in respect to the nature of soybean farm that we run.

We will be running a standard soybeans processing plant with a capacity to export well – branded soybean, soybean seeds and soybean meal, soybean oil, soybean hull and bio fuel et al to other countries of the world. Below are the projections that we were able to come up with for the first three years of running Fred Nathan® Soybean Farms, Inc.;

  • First Fiscal Year (FY1): $380,000
  • Second Fiscal Year (FY2): $600,000
  • Third Fiscal Year (FY3): $1.150 million

N.B : This projection was 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, 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 soybean farms hardly make good profits is their inability to sell off their produce as at when due. In view of that, we decided to set up a standard soybean processing plant to help us maximize profits.

Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We want to build a standard and world – class soybean farm that will leverage on word of mouth advertisement from satisfied clients.

In summary, Fred Nathan® Soybean Farms, Inc. will adopt the following strategies in marketing our soybean farm produce;

  • Introduce our business by sending introductory letters alongside our brochure to stakeholders in the agriculture industry and production companies that rely on supply of soybean.
  • Advertise our business in agriculture and food related magazines and websites
  • List our soybean farms on yellow pages ads
  • Attend related agriculture 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 to promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.

Below are the platforms we can leverage on to boost our soybean 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 Billboards on strategic locations all around Overland Park – Kansas
  • Distribute our fliers and handbills in target areas
  • List our soybean farms in local directories / yellow pages
  • Advertise our soybean 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

Some of the factors that will help you sell your soybean 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 soybean farm, then it will directly affect your harvest and also the prices of your farm produce.

In view of that, our prices will conform to what is obtainable in the industry but will ensure that within the first 6 to 12 months our soybean, soybean seeds and soybean meal, soybean oil, soybean hull and bio fuel et al are sold a little bit below the average price in the United States of America.

We have put in place business strategies that will help us run on low profits for a period of 6 months; it is a way of encouraging people to buy into our soybean farming business.

  • Payment Options

The payment policy adopted by Fred Nathan® Soybean Farms, Inc. 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 Fred Nathan® Soybean Farms, Inc. will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via online bank transfer
  • Payment via check
  • Payment via Point of Sale Machines (POS Machines)
  • Payment via mobile money transfer
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our clients make payment for our soybean, soybean seeds and soybean meal, soybean oil, soybean hull et al purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

13. Startup Expenditure (Budget)

When it comes to calculating the cost of starting a soybean farm with soybean processing plant, there are some key factors that should serve as a guide. Factor such as the capacity of soybean processing plant you want to own and the size of the soybean farm.

In view of that, here are some of the basic areas we will spend our startup capital in setting up our soybean 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 – $70,000
  • The cost for acquiring the required working tools and equipment/machines/fencing et al – $10,000
  • The amount required for purchase of the first set of soybean seedlings et al – $50,000
  • The amount required to set up a standard soybean processing plant within the farm facility – 100,000
  • 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 – $60,000
  • 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 four hundred and fifty thousand dollars ($450,000) to start a standard soybean farm with soybean processing plant in the United States of America.

These are some of the equipment that we would need to fully launch our soybean farm,

  • Soil cultivator
  • Harrow (e.g. Spike harrow, Drag harrow, Disk harrow)
  • Stone/Rock/Debris removal implement (e.g. Destoner, Rock windrower/rock rake, Stone picker/picker)
  • Broadcast seeder (alternatively: broadcast spreader, fertilizer spreader, or Air seeder)
  • Plastic mulch layer
  • Transplanter
  • Sprinkler system irrigation
  • WheelBarrow

Basically, the nature of soybean farms does not require an office space, most people that run commercial farms operate directly from their farms. But we have decided to open a small liaison office; a place where administrative jobs will be carried out on behalf of the business.

Generating Funds/Startup Capital for Fred Nathan® Soybean Farms, Inc.

Fred Nathan® Soybean Farms, Inc. is owned and managed by Fred Nathan and his immediate family members. They are the sole financiers of the firm, but may likely welcome other partners later which is why they decided to restrict the sourcing of the startup capital for the business to just three major sources.

These are the areas where we intend sourcing for fund for Fred Nathan® Soybean Farms, Inc.;

  • Generate part of the startup capital from personal savings and sale of his stocks
  • Generate part of the startup 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 $350,000 from our bank. All the papers and documents have 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

Part of the plans we have in place to sustain Fred Nathan® Soybean Farms, Inc. is to ensure that we continue to make available soybean, soybean seeds and soybean meal, soybean oil, soybean hull et al, deliver quality services, improvise on how to do things faster and cheaper.

We are not going to relent in providing conducive environment for our workers and also the required trainings that will help them deliver excellent services at all times. We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better.

We will not waste time in adopting new technology, best practices and diversifying our services. Fred Nathan® Soybean Farms, Inc. 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 company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner. 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

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts : Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase Insurance for the Business: Completed
  • Leasing of farm land in Overland Park – Kansas and preparing the farm land: Completed
  • Conducting Feasibility Studies: Completed
  • Startup Capital Generation: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Design of The Company’s Logo: Completed
  • Printing of Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Building/construction of soybean processing plant: 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: Completed

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State Farm General Insurance Company: Update on California

Bloomington, IL, March 20, 2024 — State Farm General Insurance Company (“State Farm General”) is working to ensure its long-term sustainability in California. In doing so, State Farm General has had to make some difficult but necessary decisions that will impact a portion of our California policyholders as follows:

  • Non-renew approximately 30,000 homeowners, rental dwelling, and other property insurance policies (residential community association and business owners). (A rental dwelling policy insures rental home owners. Renters insurance is not affected.)
  • Withdraw from offering commercial apartment policies with the non-renewal of all of those approximately 42,000 policies. (A commercial apartment policy insures apartment owners. Renters insurance is not affected.)

These actions are California-specific and will occur on a rolling basis over the next year, beginning on July 3, 2024, for homeowners, rental dwelling, residential community association and business owners policies and on August 20, 2024, for commercial apartment policies. Combined, these policies represent just over 2% of State Farm General’s policy count in California.

This decision was not made lightly and only after careful analysis of State Farm General’s financial health, which continues to be impacted by inflation, catastrophe exposure, reinsurance costs, and the limitations of working within decades-old insurance regulations. State Farm General takes seriously our responsibility to maintain adequate claims-paying capacity for our customers and to comply with applicable financial solvency laws. It is necessary to take these actions now.

We also recognize the Insurance Commissioner’s proposed regulatory reforms, such as streamlining the rate application process, accounting for catastrophe modeling and reinsurance costs in rates, and addressing FAIR Plan vulnerabilities. We will continue to work constructively with the California Department of Insurance, the Governor’s Office, and policymakers to actively pursue these reforms in order to establish an environment in which insurance rates are better aligned with risk.  

We will notify customers impacted by this decision in advance of their policy expiration to provide information on other coverage options. State Farm independent contractor agents licensed in California will continue to service policies not impacted by these decisions. State Farm General’s May 2023 decision regarding new applications remains unchanged. We will evaluate the need for any additional business actions as market conditions change.

  *State Farm General Insurance Company is the provider of homeowners insurance in California

Media Contact

For over 100 years, the mission of State Farm has been to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. State Farm and its affiliates are the largest providers of  auto  and  home  insurance in the United States. Its more than 19,000 agents and more than 65,000 employees serve over 94 million policies and accounts – including auto, fire,  life ,  health , commercial policies and  financial services  accounts.  Commercial auto insurance , along with coverage for  renters ,  business owners ,  boats  and  motorcycles , is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 44 on the 2023 Fortune 500 list of largest companies. For more information, please visit  http://www.statefarm.com

NBC Bay Area

State Farm cutting more than 70K policies in California

The changes are only happening in california, and impacted customers will start being informed in july, by nbc bay area staff • published march 21, 2024 • updated on march 21, 2024 at 7:28 pm.

Thousands of California homeowners will be left without insurance after State Farm announced its plans to not renew policies. 

The insurer already stopped writing new California homeowners policies last year, and raised its rates. 

Now, it plans to cut around 30,000 property insurance policies, and 42,000 commercial apartment policies.

State Farm says the move will help it to ensure "long-term sustainability" in the state.

Get a weekly recap of the latest San Francisco Bay Area housing news. Sign up for NBC Bay Area’s Housing Deconstructed newsletter.

The changes are only happening in California, and impacted customers will start being informed in July.

At least seven of California's largest property insurers have either limited, or completely paused, new home insurance applications.

NBC Bay Area’s Consumer Investigator Chris Chmura has full report in video player above.

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business plan on beans farming

Coffee beans made from civet poop is big money in Bali. But PETA says tourists should avoid it as the animals are kept in cages and fed rotten berries.

  • Kopi luwak is a coffee delicacy made from civet feces and is popular in Bali.
  • A PETA investigation found civets kept in cages where workers harvest their feces.
  • The kopi luwak industry is big business, with a market value of over $7 billion.

Insider Today

In Bali, opting for beans made from the poop of civets is the most expensive way to take your coffee. Every year, tourists travel to the Indonesian island and drink civet coffee — locally known as kopi luwak — at the more than a dozen cafés and farms listed on Google Maps.

But the People for the Ethical Treatment of Animals , or PETA, said in an investigative video posted on YouTube on March 5 that tourists should be wary of drinking kopi luwak, as the coffee beans are collected from civets kept in wire cages.

The video comprised footage of several civets held in captivity. Jason Baker, the senior vice president of PETA, told CNBC that the footage was taken at a farm in Catur, a small town 30 miles north of Ubud that's popular for trekking in Bali . Baker told Business Insider in an email that the investigation was conducted in February.

In the video, one person could be heard saying the coffee beans are collected from the civet droppings found in the "wild jungle" — but PETA wrote in the video that this isn't true.

"Deliberately misleading claims about how civet coffee is obtained are rampant in Bali," the video's in-text caption read.

One person, whom PETA identified as a kopi luwak peddler, said that tourists don't know that the civets are held captive.

Related stories

"That's because we forcibly [confine] them," the person said in response to the investigator asking if kopi luwak is better than regular coffee.

The video ends with the in-text caption: "Don't be fooled. There is no ethically made civet coffee."

Baker told BI that it's not possible to produce kopi luwak in mass quantities without caging civets. He said civets were also found to have been fed rotten coffee berries, covered in feces, and had open wounds. The Bali Tourism Board did not respond to a request for comment from Business Insider regarding its regulations on producing and selling kopi luwak on the island.

"But the confinement, suffering, and sadness endured by civet cats for kopi luwak aren't among them. Tourists be warned: stay away from civet coffee," Baker told CNBC.

"PETA is urging retailers and coffee shops worldwide to cut ties with this cruel industry, no matter what assurances they may have received," he told BI.

Kopi luwak is made by cleaning and roasting partially digested coffee beans excreted by civets. Kopi luwak is also known for its high price point, costing between $45 and $600 per pound, Baker told CNBC. It's big business — according to data from the Ohio-based research company Spherical Insights, the market size of the kopi luwak industry was worth $7.16 billion, which is projected to grow to $11 billion by 2032.

It's not the first time PETA has called for tourists to boycott kopi luwak. In 2022, PETA said tourists should avoid the kopi luwak after civets were found to be distressed when their feces were collected.

March 18, 2024: This story has been updated with PETA's comments.

Watch: Why single-origin coffee can cost $30 per pound. More than 5 times the US average.

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First human transplant of a genetically modified pig kidney performed

Rob Stein, photographed for NPR, 22 January 2020, in Washington DC.

Surgeons perform the first transplant of a genetically modified pig kidney into a living human at Massachusetts General Hospital in Boston. Michelle Rose/Massachusetts General Hospital hide caption

Surgeons perform the first transplant of a genetically modified pig kidney into a living human at Massachusetts General Hospital in Boston.

For the first time, surgeons have transplanted a kidney from a genetically modified pig into a living person, doctors in Boston said Thursday.

Richard Slayman, 62, of Weymouth, Mass., who is suffering from end-stage kidney disease , received the organ Saturday in a four-hour procedure, Massachusetts General Hospital announced . He is recovering well and is expected to be discharged Saturday, the hospital said.

"I saw it not only as a way to help me, but a way to provide hope for the thousands of people who need a transplant to survive," Slayman said in a statement released by the hospital.

The procedure is the latest development in a fast-moving race to create genetically modified pigs to provide kidneys, livers, hearts and other organs to help alleviate the shortage of organs for people who need transplants.

How genetically modified pigs could end the shortage of organs for transplants

Shots - Health News

How genetically modified pigs could end the shortage of organs for transplants.

"Our hope is that this transplant approach will offer a lifeline to millions of patients worldwide who are suffering from kidney failure," said Dr. Tatsuo Kawai, the hospital's director for clinical transplant tolerance, in the hospital statement.

Animal organs could ease transplant shortage

Several biotech companies are racing to develop a supply of cloned pigs whose DNA has been genetically modified so they won't be rejected by the human body, spread pig viruses to people or cause other complications. NPR recently got exclusive access to a research farm breeding these animals for a company in this competition, Revivicor Inc. of Blacksburg, Va.

The kidney transplanted in Boston came from a pig created by eGenesis of Cambridge, Mass. The eGenesis pigs are bred with 69 genetic modifications to prepare organs for human transplantation. The changes protect against a virus known to infect pigs as well as delete pig genes and add human genes to make the organs compatible with people.

"We are grateful for the courageous contribution of the patient and to the advancement of transplantation science," said Mike Curtis, chief executive officer for eGenesis in the statement. "This represents a new frontier in medicine and demonstrates the potential of genome engineering to change the live of millions of patients."

The Government's Plan To Fix A Broken Organ Transplant System

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The field is stirring excitement about harnessing cloning and gene-editing technologies to solve the persistent shortage of organs for human transplantation. More than 103,000 people are currently on the waiting list for organs. About 17 die every day because they can't get one.

End-stage renal disease is 3.8 times more common among Black people than white people in the U.S., according to federal statistics .

The transplant "represents a potential breakthrough in solving one of the more intractable problems in our field, that being unequal access for ethnic minority patients to the opportunity for kidney transplants due to the extreme donor organ shortage and other system-based barriers," said Dr. Winfred Williams, the kidney specialist treating Slayman, who is a Black man.

Reservations about using animal organs in people

But the research is also raising several concerns. One worry is about the possibility of spreading animal viruses to humans. Another is about slaughtering thousands of animals every year to harvest their organs.

"I think we need to be very, very careful," L. Syd M. Johnson , a bioethicist at SUNY Upstate Medical University in Syracuse, N.Y., told NPR. "I have a lot of concerns about a therapy that is very much unproven."

Some also question testing these organs on gravely ill patients.

"If the FDA wants to explore the use of pig kidneys in humans, it would be better to authorize a phase I clinical trial so we can begin to gather more systematic evidence about this," Michael Gusmano , a bioethicist at Lehigh University, wrote NPR in an email.

Surgeons have already transplanted kidneys and livers from genetically modified cloned pigs into baboons and a handful of brain dead people. Surgeons at the University of Maryland even tested hearts in two men who had run out of other options. They lived for several weeks after the procedures.

Slayman got a human kidney transplant after being on dialysis for seven years, according to the hospital. But his transplanted kidney showed signs of failure after about five years, forcing Slayman to resume dialysis last May. He's since been suffering serious complications.

The transplant of the pig kidney was made possible by the Food and Drug Administration as part of a " compassionate use " program aimed at helping desperate patients.

"When my transplanted kidney began failing in 2023, I again trusted my care team at MGH to meet my goals of not just improving my quality of life but extending it," Slayman said in the hospital's statement, adding the doctors explained the "pros and cons of this procedure."

  • xenotransplantation
  • massachusetts general
  • kidney disease
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  1. How to write a business plan for a beans farm?

    The executive summary, the first section of your beans farm's business plan, serves as an inviting snapshot of your entire plan, leaving readers eager to know more about your business. To compose an effective executive summary, start with a concise introduction of your business, covering its name, concept, location, history, and unique aspects.

  2. Business Plan for Beans Farming

    Miragrade Beans Farm is a sole proprietorship agricultural business that is registered under the Laws of Federal Republic of Nigeria. It is owned by Mr. Olu Olawale, who has a Master Degree in Agricultural Technology and a Master in Business Administration. The business is located at No, 4, Step Down, Lagos Benin Express, Ore, Ondo State.

  3. Beans Farming: Best Business Guide For Beginners

    The Canadian government recommends that adults have up to two (female), and three (male) servings. 3/4 cup of cooked beans provide one serving. The soluble fiber content in beans can help to lower the blood cholesterol levels. According to ' healthline ' one cup (164 grams) of cooked chickpeas contains: Calories: 269.

  4. How to open a profitable bean farm?

    Choosing your bean farm's legal form. Calculating the budget to open a bean farm. Creating a sales & marketing plan for your bean farm. Building your bean farm's financial forecast. Finding a name and registering your bean farm. Deciding upon the corporate identity of your bean farm. Understanding the legal and regulatory steps involved in ...

  5. How to write a business plan for a road beans farm?

    In your road beans farm's business plan, the first section is the executive summary — a captivating overview of your plan that aims to pique the reader's interest and leave them eager to learn more about your business. When crafting the executive summary, start with an introduction to your business, including its name, concept, location, how ...

  6. PDF Writing a Farm Business Plan Introduction

    Writing a business plan for your farm can be an intimidating process to start, but it doesn't have to be overly complicated, depending on the main purpose of the business plan. Simply put, a business plan tells what your farm vision is and how you will make it happen. The goal of this Business Farm Plan Workbook is to

  7. Beans Farm Business Plan Template

    Starting a beans farm business requires careful planning and efficient operations to ensure productivity and profitability. Here are some key considerations for the operations and logistics aspects of your beans farm: 1. Land and Infrastructure: Begin by selecting a suitable location for your beans farm.

  8. How to write a business plan for a locust beans farm?

    Your locust beans farm business plan will normally include both yearly and monthly cash flow forecasts so that the readers can view the impact of seasonality on your business cash position and generation. The initial financing plan. The initial financing plan, also known as a sources and uses table, is a valuable resource to have in your ...

  9. How to write a business plan for a castor bean farm?

    Information needed to create a business plan for a castor bean farm. Drafting a castor bean farm business plan requires research so that you can project sales, investments and cost accurately in your financial forecast, and convince the reader that there is a viable commercial opportunity to be seized.

  10. Beans Farm Business Plan

    This business plan provides a blueprint for how to start and manage your Beans Farm business. Our detailed research and analysis, including interviews with entrepreneurs and stakeholders, will ensure that you plan your future business for success. A business plan is used for various purposes including to (a) Raise funding from investors/friends ...

  11. Plan Your New Farm Operation

    The Farm Business Plan Balance Sheet can help gather information for the financial and operational aspects of your plan. Form FSA-2037 is a template that gathers information on your assets and liabilities like farm equipment, vehicles and existing loans. FSA-2037 - Farm Business Plan - Balance Sheet. FSA-2037 Instructions.

  12. Agricultural Business Plan Template [Updated 2024]

    Agricultural Business Plan. Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their agricultural companies. If you're unfamiliar with creating an agricultural business plan, you may think creating one will be a time-consuming and frustrating process.

  13. A Step-By-Step Guide to Soybean Farming Business Plan

    Steps to Create a Soybean Farming Business Plan. Research the market for Soybeans in your area. Determine if there is a demand for Soybeans and if businesses are already selling them in your area. Consider the price of Soybeans as well as the costs of production when making your decision.

  14. Free Farm Business Plan Template

    The farm is located on a road with extensive car traffic, so we plan to build a farm stand on the property to capture attention and drive sales. We also plan to build a social media presence and leverage local advertising to drive awareness of our brand. We will also attend farmers' markets within the region to meet customers face-to-face and ...

  15. How To Start AN Lucratively Beans Farming Business To Nigeria and

    BEANS/COWPEA FARMING BUSINESS DESIGN IN NIGERIA BEANS/COWPEA FARMING BUSINESS PLAN INCHES NIGER BEANS/COWPEA FARMING BUSINESS PLAN TO NIGERIA. Overall, with the right comprehension, skills, furthermore support, beans farming on Nigeria and Africa bucket be a fruitful and sustainable commercial opportunity for entrepreneur see to contribute to ...

  16. Business Plan For A Maize and Beans Farm

    Business Plan for a Maize and Beans Farm - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. beens plan

  17. Guide To Starting A Profitable Sugar Beans Farming Business And The

    For comprehensive analysis of the maize farming industry, consider getting the sugar beans farming business plan package for just US$10 payable via ecocash. While sugar beans production has improved the financial fortunes of diligent farmers, startups in the venture can take some time to learn more about the basics to growing and managing the ...

  18. How to write a business plan for a soybean farm?

    A business plan has 2 main parts: a financial forecast outlining the funding requirements of your soybean farm and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable. How to write a business plan to secure a ...

  19. How To Start A Lucrative Beans Farming Business In Nigeria and Africa

    Professional Business Plan Writing Service. Writing a bank and investor ready professional BEANS farming business plan can be challenging. If you need a professional and affordable business plan service, STARTUPTIPSDAILY'S MBA STANDARD PROFESSIONAL BUSINESS PLAN WRITING SERVICE is perfect for your business.

  20. Start & run Soya Beans Farming

    Soy beans present farmers a cover crop that could assist in reducing soil erosion, improving soil fertility as well as diversifying income opportunity and food resources. CONTACT US NOW IF YOU NEED HELP IN THIS AREA OR A PROFESSIONAL, BANKABLE FARMING BUSINESS PLAN - (27)84 583 3143 OR [email protected]

  21. Soybean Farming Business Plan [Sample Template]

    The amount needed to acquire/lease a farm land - $50,000. The amount required for preparing the farm land - $70,000. The cost for acquiring the required working tools and equipment/machines/fencing et al - $10,000. The amount required for purchase of the first set of soybean seedlings et al - $50,000.

  22. How To Start A Maize Farming Business and The Business Plan

    10/29/2022 Business Planning Zimbabwe. Maize farming is a key pillar in addressing Zimbabwe's food security concerns. Maize is a staple food crop for Zimbabwe and accounts for over 50% of the country's average calorie consumption. In a population of 15.2 million people, a family of 6 derive 10% of their monthly food consumption value from ...

  23. 7 ag stories you can't miss

    Farm Business. Farm Progress America, March 22, 2024 Farm Progress America, March 22, 2024. ... Plant corn or beans first? ... Ready to retire? Plan farm equipment sales wisely. March 22, 2024 | 6 Min Read. Recommended. Farm Progress America, March 22, 2024. Farm Business.

  24. 5 Essential Tips for Successful Sugar Bean Cultivation › Business

    In this article, we will provide five essential tips to help Zimbabwean farmers achieve successful sugar bean cultivation and maximize their yields. 1. Select the Right Variety. Choosing the appropriate sugar bean variety is crucial for a successful cultivation process. Consider factors such as yield potential, disease resistance, and market ...

  25. State Farm General Insurance Company: Update on California

    Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 44 on the 2023 Fortune 500 list of largest companies.

  26. Larry Ellison and Elon Musk teaming up to bring AI to farming

    Elon Musk's SpaceX is teaming up with Larry Ellison's Oracle to help farms plan and predict their agricultural output using an AI tool.. Larry Ellison said on Oracle's earnings call on Monday that ...

  27. State Farm cutting more than 70K policies in California

    Now, it plans to cut around 30,000 property insurance policies, and 42,000 commercial apartment policies. State Farm says the move will help it to ensure "long-term sustainability" in the state.

  28. PETA Says Tourists Shouldn't Drink Civet Coffee, Kopi Luwak, in Bali

    In Bali, opting for beans made from the poop of civets is the most expensive way to take your coffee. Every year, tourists travel to the Indonesian island and drink civet coffee — locally known ...

  29. Roger Williams to host global aquaculture conference

    Farm-raised oysters. Roger Williams University in June will host a global aquaculture conference. ... The collaborative is a nonprofit that promotes business, research and educational exchange ...

  30. First human transplant of a genetically modified pig kidney performed

    Surgeons at Massachusetts General Hospital said they transplanted a genetically edited pig kidney into a living human for the first time. The 62-year-old recipient has end-stage kidney disease.