Rice Farming For Business
Rice Farming For Business is a starter key for income generation. Oftentimes, having the mindset on Rice Farming For Business is a measure for success. Starting first with a business plan and a feasibility study tells you if you will success or not. Rice is a type of crop that does well in some region better than others. Thinking of starting up a Rice Farming For Business? Contact Chris Farm Nigeria for an MBA business plans and a feasibility study before you begin.
Why Rice Farming For Business
Furthermore, Rice is the worlds second most popular crop after maize. Similarly, the botanical name is; Oryza sativa. Intuitively, Rice farming in Nigeria provides a lot of promises for a future businessman. The position acquired by rice is attended by large demand on the Nigerian market. It may surprise you that we still smuggle rice daily into Nigeria.
More On Farming For Business
The agriculture sector is the third best valuable business in the world. Technology and Oil & Gas Industry cant feed the population, while crops can do that. Therefore, rice production in Nigeria, which is one of the most popular products in country is promised to be successful.
How Important Is Rice Farming For Business
To the average Nigerian, it needs no introduction because it has become one of the most important foods in the country, consumed by both the wealthy and the poor. This position was attained largely on account of its steady demand by the Nigerian populace for both domestic and commercial consumption.
Due to urbanization, change in employment patterns, rapid population growth, change in diets of Nigerians on account of income expansion, rice has become a staple food to the average Nigerian leading to an increase in the demand, standing at an annual growth rate of about five percent.
What Capacity Is Rice Farming For Business Is In Nigeria
Interestingly, Nigeria, which is the largest producer of rice in West Africa. Similarly, the third in Africa, after Egypt and Madagascar producing about 3 million metric tons on the average annually. Nevertheless, falls short of meeting its local demand which is placed at about 5 million tons.
This particular statistic makes her the highest consumer of rice in the West African sub region. Likewise, the second largest importer in the world, buying at least 2 million tons annually. Massive importation of the product from countries like India, China, Thailand etc. Therefore, occur largely on account of the fact that the estimated amount of rice milled locally is placed at 1.8 million tons. On the average, Nigeria spends 1 billion Naira on rice importation daily (that’s a grueling 365 billion Naira annually).
What Agriculturist Is Saying On Rice Farming For Business
Agriculturalists keep asking”why spend such an outrageous amount of money importing rice? When Nigeria has the potential of growing enough rice to support Her population. Likewise export it.
Furthermore, we can grow rice anywhere. Due to new improved varieties. That’s, rice can grow in all the geographical zones of Nigeria depending on the variety. The area of land used for rice cultivation is relatively minute about 2 million hectares. This is when surveyors puts it that Nigeria has the potentials of cultivating about 5 million hectares.
Oftentimes, most rices are planted around May/June when rainfall is intense. Planting early (by the end of June) in flood-prone, waterlogged, and gall midge-attached area. Rice is one of the cultures that prefers a swampy land with high water holding capacity. Choice of land really matters in the rice production in Nigeria.
The amount of money set aside for rice importation, if redirected into the improvement of rice production such as supporting both small scale and large scale rice cultivation and milling of rice grown in Nigeria to meet international standards like its rivals from other countries would enable Nigeria meet its rice demand and maybe exporting rice to neighboring countries in a couple of years from now.
Names Of Rice Farming For Business
For now, this is the list of the states in Nigeria where Rice planting and production is much more (than other states) and the names they call their Nigerian Rice;
UMZA Rice – Kano State
Mas Rice Mill – Gombe State
Mama Happy Rice – Niger State
Labana Rice – Kebbi State
Ebonyi Rice – Ebonyi State
Anambra Rice – Anambra State
Olam Rice – Nasarawa State
Ofada Rice – Ogun State
Igbemo Rice – Ekiti State.
Do you need a business plan to raise fund for your business?
We can carry out research and develop MBA grade business plans that you can present to a bank or investor. Intuitively, Chris Farm Nigeria develops well self-explanatory, irresistible feasibility studies or business plan for your Business start ups, Business Growth or Expansions through either personal funds, Grants, or loans, which could be new or existing ones. We delight in writing for people under Academic sectors, production sectors, manufacturing sectors, processing or packing sectors, advertising sectors, marketing sectors and other related sectors on mini, middle and large scale businesses.
For your Agribusiness, either production, processing, marketing of any Agro-industry, our feasibility studies or business plan are explicit.
General Info On Feasibility Study And Business Plans
Intuitively, our feasibility study and business plans are explicit. Likewise, becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are to see. Especially, when you put the feasibility study or business plans into use.
More Info On Feasibility Study And Business Plans
Similarly, it shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output. Likewise, how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. Lastly, this will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. However, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.
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