How to Start a Small Farming Business in Nigeria

 


 

The high shortage of food in Nigeria has called for people to establish their small farms to tackle food shortage and also as a source of income. 

Some people think starting a farm is a very complex or almost impossible thing to do. The good news is, Vinemond Farms is here to help you out in breaking down the process of starting a small farm. 

10 Steps to Start A Small Farm in Nigeria 

  1. Identity a Problem 

Discover the reasons you want to start a farm, and the problem you aim to solve. This is the beginning of all you need to forge forward in achieving your goals. 


You must capitalize on a problem you want to solve and ignite your move from there. 

  1. Research and Planning

Research is about gathering information on what you are about to do. It helps you to understand the market survey, the needs and demands of the people and the capital needed to start. 


The easiest way to understand the market is by contacting a consultant like Vinemond Farms to help with information and basics about farming.

 


You need to ask questions in your vicinity and take down information that would be helpful in your decision making. Some key things you understand about where you want to farm are the soil quality, equipment needed and climate change of where you want to start planting. 


Planning helps you to strategies how you want to carry out your plans in different phases. It's good to have it outlined for the sake of efficiency. 

  1. Select a Farming Niche

It's impossible for starters to venture into more than one niche in farming at the inception. Consider a particular niche you want to focus on so that you can input your energy into that niche. It could be crop farming, livestock farming. 


However, engaging in mixed farming can be a bit complex without the help of a consultant. You can contact the help of Vinemond farms as a consultant to help you initiate your plan. 

  1. Write a Business Plan

What do you want to do and how do you want to do it? Write it down! That's the simple description of a business plan. 


For a small business, you might not need voluminous explanation of actions at inception. However, you have to document how you want to run the organization. 


In your business plan, state the aim and objectives of the company and the target market you are about to infiltrate. You have to know that there are existing companies into that production, so you must plan for competitors as well. 


Writing a business plan might need the help of a professional like Softnet professional. They will guide you in ensuring you have a plausible and realistic business plan. 

  1. Source for a Fund 

After writing your business plan, start sourcing for funds. Taking a massive loan might not be helpful since you don't understand the rudiment of the business. 


You can start by calling families and friends for loan or support. And you can also break your savings to add to the capital needed. Agricultural loans in banks can be very helpful, or grants. 

  1. Secure Land

Acquire land you want to start using for the farming business. You can either choose to buy, rent or lease. In fact, you could speak to a family member who has a land that is vacant as at that time. Ensure it doesn't take a chunk of your budget, as you will need a lot of money for other things. 

  1. Register Your Business

Register your business with a CAC for identification and operational purposes. It's important to do that so as to have a legal right to own the business. 


There are other agricultural organizations you would have to join to be able to gain access to the agricultural industry. 


Softnet Professionals can also help to register your business at an affordable rate. 

  1. Procure Equipment and Hire Staff 

It's not necessary to have huge equipment for a start. The cost might look gigantic in the budget for starters. Get the fundamental tools, depending on your niche. 


Hire staff you can afford to pay in the first few months. You might not have a house filled with professionals. Just one or two professionals who can also help you train other staff. invest in your staff training, it would save you a lot in the future. 

  1. Marketing and Sales

Focus on your target audience and plan to enlarge as time passes by. The local market around you is the first point of sales. Sell at reasonable prices to make people trust your business and intend to patronize you more. 

  1. Monitor and Evaluate

Make sure you have your business in check. You are your own quality assurance manager at the beginning. The production and sales of goods must be monitored. 

The reality here might be different from the one you have written in your business plan but be flexible with your decision and be ready to transform. 

Conclusion

While looking at the bigger picture is important when you are starting, have it in mind that you are starting a small business, and you have to do what you can afford. 


Start strong, and plan for the future. 

Comments

Post a Comment

Popular posts from this blog

5 Reasons Why We Need Agricultural Improvement in Nigeria.

Image
*PRIORITISING AGRICULTURE AS A NATION IS A NECESSITY* (PRACTICAL EXPERIENCE AS A FARMER) At the face of shortage of food in the country, there is a need for Nigeria to take up the responsibility of investing and improving the agricultural system in the country  The inflation in the country has now risen to 34% and is still bent on soaring higher in the next couple of weeks. The prices of goods are taking a drastic turn due to subsidy removal that has affected a large part of the economy.  With the massive landscape in Nigeria, there is more to be done by the government and private sector concerning food supply in Nigeria.  Here are key aspects highlighting the necessity of robust agricultural practices in the country: 1. Food Security Famine is often attributed to food shortage in the society. When the available resources are not enough for the population, then we can say there is food insecurity.  With the rising number of the population in Nigeria, creating means t...
Read more

How To Start a Farm in Your Backyard.

Image
  Food security is no longer the job of the government alone. Everyone must play a role in ensuring there is enough food for everybody. There might be several challenges that come with starting a big farm with little experience. This article is aimed at teaching you how you can start your own farm within your space. Step-by-Step To Start a Backyard Farm. 1.   Choose a Location: Your compound has several locations that might be useful for planting a small garden. You must consider a very good spot where the crops won’t meet their unfortunate end. For example, you can’t afford to plant where the kids play. They might kill the plants at an early stage. Finding a good spot Is very imperative for the whole idea. 2.   Check the Soil. Most people don’t know that you can’t bury your seeds on any soil. It must be a fertile soil that would be conducive for the growth of the plant. You might not be able to know the Ph of the soil without the help of a professional. Contact a p...
Read more

10 Benefits of Consuming Bitter Leaf.

Image
Bitter Leaf appear like that bad vegetable that doesn’t add value to the meal because of the bitter taste. When you realise the health benefits that come with consuming bitter leaf, you will barely neglect it in your meal. It's a meal that comes with great health benefits.  Here are ten health benefits of Bitter Leaf.  1. Nutritional Value The nutritional value of bitter leaf is unique among other vegetables.  It is rich in vitamins and minerals, including vitamins A, C, and E, as well as calcium, iron, and potassium. These nutrients are essential for overall health and well-being. 2. Blood Sugar Regulation The bitterness in bitter leaf comes with the blessing of controlling the sugar level. Studies suggest that bitter leaf can help regulate blood sugar levels, making it potentially beneficial for people with diabetes or those at risk of developing the condition. We can bitter leaf is instrumental to maintaining and treating diabetes.  Organic bitter leaf are sold by...
Read more