agriculture business plan philippines

6 Agriculture Business in the Philippines Samples and Tips

What comes to your mind when you hear about the “agriculture business”? Nowadays, many people might dream of starting a startup business in the fintech field or marketplace, but do you know that the agriculture business in the Philippines is a good money maker and also profitable?

Ditch the stereotype of farmers being old school and making no penny because that’s completely untrue. Given the fact that The Philippines is one of the countries with lots of natural resources, the growth and development of agribusiness in the Philippines are very promising and play a significant role in the nation’s economy in general. 

If you are thinking of starting a business and haven’t got any plan of which field to start, you can consider the agriculture business, and if you happen to be interested to know more about the agriculture business, this article is the perfect fit for you. So, enjoy your reading!

6 List of Agriculture Businesses in the Philippines

The agriculture business often involves the deal with livestock and plant life including being able to cultivate and maintain lands for better produce before providing the result for people. Agribusiness, a field of business where entrepreneurs purchase, negotiate and sell farm products with farmers for more profit is not only crucial for the growth of the Philippines economy but also a great source to make money.

Your Selling Stock is Messing Up? You Need Help!

Ginee Omnichannel allow you to automatically sync every stock from all of your online stores. It’s faster way to helps you profit!

Moreover, in these modern days, lots of people become more conscious about healthy lifestyles especially when we have to deal with the pandemic. Many people start to balance out their diet by adding vegetables and fruits to their daily menu, increasing the market demand for fresh products. Here are some agriculture business ideas which predicted to keep growing for the next 10 years:

Do you know that the banana has been one of the top-grossing fruit in the Q3 of 2021? Aside from being a top-grossing product, banana has also become one of the easiest to maintain with a short planting to harvesting period, making the circulation of cash spin faster and making a profit at a decent speed.

One of the most crucial ingredients in Filipino cooking. Some reported that the average Filipino is estimated to consume about 1.9 kilograms of onion annually. These crops are also easy to grow. You will only need about 100 to 175 days for the plant to be ready for harvest. 

If you think 100 to 175 days of harvest time is quite long and wish to do a quicker farming business, you can consider planting garlic. Aside from being another ingredient that is a staple for Philippines food, garlic only needs 40 days before you can harvest and sell it out.

Herbs and Spices

The pandemic era gave more people a chance to stay home and prepare food on their own. In 2021, herbs like coriander, lemongrass, sweet basil, and tarragon have been in high demand and are expected to keep growing. 

Hog Raising

One of the most consumed meats in the Philippines is pork which indicates that the business of hog raiser will always be beneficial. As long as you know how to lower the mortality rate of piglets and produce meatier pigs using the latest breeding technologies and upgrades the breed, making a huge profit is more than just possible.

But anyway, it will be best for you to find customers on your own rather than selling your products to viajeros (wholesalers). The reason is, that the end customer will usually pay a decent price for your pigs while the wholesalers tend to buy in bulk but offer an extremely cheaper price. 

Poultry Raising

No one can resist a chicken. Every dish made of chicken is a menu that never declines hence, labeling poultry raising as the best agriculture business in the Philippines is not exaggerating. Besides the chicken meat, you can also double your chance to make money by farming the chicken egg—although this is going to be another branch of agribusiness.

Most importantly, with the advanced farming technique, your chicken will be ready for sale within 45 days of breeding. If you wish to gain more profit, try to learn how to give your chicken proper feeding methods as well as the right dosage of antibiotics and vitamins so you can save more money and resources.

Last but not least, knowing to do some market research and method to find the right consumers so you can sell your chicken for better pricing and make more profit to keep the business running. Just like the hog-raising industry, try to avoid the wholesalers as much as possible.

Read also: How to Start Poultry Business in Digital Era? Here 3 Tips!

What You Need to Do in an Agriculture Business

Now you have already got a few list of agriculture business in the Philippines that you can consider working on. It’s time to discuss what you need to do if your business is hit by predation, extreme drought, or fluctuations in the market:

Understand that Business is Prone to Mistakes and Failure

Start with the baby step which means putting a small investment first and seeing how it is going. After all, starting a business is not easy and mistakes are inevitable. Hence, starting small can help you learn and won’t hurt as much in case you are making a fatal mistake. Lesson learned without big damage is the best plan.

Do You Want to Manage Multiple Marketplace Just by Single Person?

Of course you can! You can handle multiple stores from all marketplace just by single dashboard. Cut your Business’s cost, and Boost your Efficiency at the same time.

Patience is the Key

Most businesses won’t have any profit returns during the first three to five years. You have to learn the trade and understand the market while covering up for the startup cost so your business can be established faster.

Learning from Others and Go with Proven Results

Mingle with other people that are also in the business. Take notes on how they run their farming business in the Philippines starting from the operational and other valuable insight. And when you are planning for your business strategy, it will be best for you to use planning that is proven to have worked well so you can tone down the cost.

How to Start Agribusiness in the Philippines

After knowing the agribusiness examples in the Philippines that you can consider investing in and getting the tips on how to prepare yourself for extreme drought or market fluctuations, it will be perfect to know exactly how to invest in agriculture in Philippines. Here is what you should prepare:

Before wishing to successfully supply agribusiness products in the Philippines market, you will have to gain knowledge regarding the field of industry. You can look for mentors who are capable of providing you with experience and knowledge to start the agriculture business. Or if there’s a chance, you can volunteer to work on a farm.

Create a Business and Production Plan

No matter what type of business you are going to establish, it is always bounded to the importance of writing a business plan to keep your business on the right track, and a solid business plan may help you to secure financial aid from investors or at least, helping you to successfully get the loan from the bank to keep your business going.

A business plan will also help you to make critical decisions regarding your business. Some of the considerations you should’ve put inside your business plan are:

• Initial investment.
• Product demand.
• Estimated annual gross and net.
• Your marketing planning.
• Risk assessment.

Read also: 3 Business Plan Examples With Benefits Of Writing It

Aside from the business plan, you may also explain your production plan by doing some of these points below:

• Make a research of a place, choose an area with good weather and climate that will support the growth of plants or animals that you are planning to farm.
• Understanding the soil conditions/types.
• It will be best for you to find a place/area with a great watering system.
• Production quantity and production duration. Calculate the amount of time you turn agribusiness products that will give you profit and control the amount of quantity to the decent amount that you can realistically manage.

Monitoring the Performance

By doing this, you can also acknowledge which is the lacking point in your business and proceed to change for the better. The monitoring here may also include the bookkeeping process that will help you to keep updated on how much income you gained, how much expense and liability you have to pay for, the balance sheet, gross margin, and many others that will directly affect the financial health of your business.

Aside from that, you can also monitor your sales as well as understand the market demand and adjust it to your marketing strategy

Read also: How Does Search Engine Marketing Work In Marketing World?

You have been given a few example of agribusiness in the Philippines that will bring profit as well as what you should do to keep the business going. The rules of thumb are to understand the market and the ability to find consumers on your own.

You will also have to be critical when it comes to spending as you are advised to expect no profit gain for the first three to five years of building your business. So, if there’s a chance to cut off unnecessary costs or gain extra profit from a side job, then you can consider doing so.

Join Ginee Philippines!

Speaking of side jobs and finding a market on your own, starting an online business can be one of the options. You can open a website to distribute your fresh products at a competitive price. If you don’t have any experience in building a website, you can reach out to Ginee for assistance. 

Ginee Philippines is a Omnichannel company that has been trusted by over 70,000 entrepreneurs to help manage their business online and offline. With the combination of advanced AI technology and the professional team that Ginee has, you are guaranteed to get the best marketing strategy and plan. 

Reaching out to the right target audience is no longer a daydream with the assistance of Ginee. Besides, Ginee also offers a product management system that will help you to easily keep track of your product and stock. 

So, what are you waiting for? Join Ginee Philippines now and complete the free registration. You will be given a chance to try out all of Ginee’s outstanding features for free. Make your entrepreneurship dream come true with Ginee!

Upload Products to Shopee and Lazada Automatically ! How?

Ginee product management allow you upload products to all of your online stores from all marketplace just once! Save time, save cost, save energy, join Ginee Now!

Marketplace News

Marketplace Research

Selling Tips

Ginee Portal

22 Profitable Agribusinesses in the Philippines

• Posted by: First Standard
• Last Updated: December 2, 2021

As the economy slowly opens up, we see a strong year for many agribusinesses in the Philippines this 2022. 

Whether you have an established business or just starting, it pays to look at the trends to explore how you can improve productivity and increase profits.

Here are 22 profitable agricultural businesses this coming year (in no particular order):

FRUITS & VEGETABLES

With the pandemic, Filipino consumers are making healthier choices and are actively adding more fruits and vegetables into their diet. Demand for fresh produce is foreseen to increase in the next 10 years .

1. Sugarcane (Tubo) – Profits can be seen mostly from the by-product of sugarcane (confectionary, rum, ethanol, building materials, and fuel).

2. Bananas – Bananas are the top-grossing fruit produce as of Q3 of 2021. Projections are positive in the next several years. These crops are easy to maintain and the period from planting to harvesting is short.

3. Pineapple – The average net return of pineapple is P166,030 per hectare in 2019. Its estimated annual rise in profit is up to 3%.  

4. Onions – Onion farms have always been profitable as a staple ingredient in Filipino cooking. The average Filipino consumes 1.9 kilos of onions each year. 

5. Garlic – another Filipino cuisine staple with very minimal tending requirements. You can start harvesting within 40 days. Garlic had an average net return of P190,291 per hectare in 2019.

6. Organic Crop Farming – consumers are willing to pay more for safer and healthier fruits and vegetables. Consider adding door-to-door delivery to upsell your product.

7. Herbs and Spices – with more people cooking at home, herbs like sweet basil, coriander, dill, tarragon, and lemongrass were in high demand in 2021 and will continue in the coming years.

8. Coffee Beans – the climate in the Philippines makes growing the berries easy plus the growing coffee culture both in urban and rural places has increased the demand for coffee beans.

9. Root crops – particularly, potatoes (all varieties), yams (ube), and carrots achieved an all-time high in demand in 2020 and 2021. Root crops require minimal tending and turnaround time is only around 3 months.

10. Pineapple – The average net return of pineapple is P166,030 per hectare in 2019. Its estimated annual rise in profit is up to 3%.  

11. String Beans – this includes all varieties of string beans. These low-maintenance crops can be harvested after 80 days. One can get as much as P260,000 net return per hectare. 

12. Herbs and Spices – with more people cooking at home, herbs like sweet basil, coriander, dill, tarragon, and lemongrass were in high demand in 2021 and will continue in the coming years.

13. Hydroponic Farming / Urban Farming – no land, no problem. Hydroponic farms have been popping up in metropolitan cities since 2018. The trend will rise as more businesses shift to agriculture. Start with this article if you’re curious.

Livestock farming often requires bigger capital. However, it also means bigger returns in the process. 

14. Hog Raising (Piggeries) – pork will continue to be a highly consumed meat in the country. One sow (female pig) costs around P20,000 – P30,000.

15. Poultry – The fast turnaround of chickens (45 days) makes this industry very lucrative.

16. Eggs – You can either be the supplier or a distributor. Eggs have always been profitable when your business is scaled.

17. Backyard Farming Cattle – T he average farmgate price of cattle for slaughter in backyard farms for July to September 2021 was estimated at P147.21 per kg. That’s a 15.1% increase from the previous year, according to the Philippine Statistics Office .

18. Dairy Farming – In 2020, Australia and the Philippines have launched a research initiative to maximize the potential of the Philippine dairy industry. You’ll notice more local dairy-based products on grocery shelves and online retail stores in the coming years.

19. Milkfish (Bangus) and Tilapia – You can start a small backyard fishery for around P100,000. This includes pond excavation, irrigation preparation, and your first batch of fingerlings.

AGRI SUPPLIES

There’s plenty of profits to be made in agribusiness supplies too! This type of business doesn’t require a lot of farming know-how. Your main concern will revolve around transport and supply logistics.

20. Livestock Feeds (Distributor) – chicken and hog feed are two of the most profitable options. Sign up as a distributor to move things a lot faster. 

21. Farm Machinery Leasing – Go the B2B route and lease trucks, tractors, air seeders, cultivators, and lifters. The more machinery you have to rent out, the faster the returns for your initial investment.

22. Aquaculture Supplies – explore getting into the business of fish feed and fishery machineries like water pumps, nets, and traps.

OTHER NOTABLE AGRIBUSINESSES:

Landscaping/Ornamental Plants Supplies – be a tita to the plantita and sell pots, plant stands, fertilizers, plant food, insecticides, and other landscaping needs. 

Packaging – Supply other farming businesses with rice sacks, food-grade packaging, styro boxes, and jam jars. This B2B business can even go beyond the bounds of agriculture if you so choose. 

First Standard can help you start any agribusiness expansion in as fast as 5 days with flexible terms. Get in touch with us today to learn more.

Recommended Reads

Top 10 Profitable Businesses in the Philippines in 2024

New year, new business! Let’s welcome 2024 with a new source of revenue!

This is Why Saving Up is Not Enough

Most Filipinos believe that saving up is enough to become financially free and stable. It's not and here's why.

4 Reality Checkpoints in Growing Your Business

With so many “experts” saying how simple it is to grow a business, then there would be more Filipino entrepreneurs, right? While we highly encourage making your savings work for you...

SEC Reg. No. ASO93-04331 CA No. 954

• Edukasyon's Guide To

Extracurriculars

• Career Conversations
• Productivity Hacks
• Generation Zen
• Junior High School
• Senior High School
• Post-Graduate
• Study Abroad
• Online Events
• Explore Courses
• Search school
• Get Funding

Here’s How to Start An Agribusiness

Feb 14, 2019

By : Lis Fortun

Have you ever considered selling fresh fruits, vegetables, or even livestock in the future? Or does growing a farm for a business suit your interest?

Agriculture is a vital field that involves dealing with livestock and plant life in order to provide for people. It also includes being able to maintain and cultivate lands for better produce.

The field has plenty of interesting career options for everyone. Not only does agriculture play an important role in the Philippine economy, but it also serves as a great source of profit for entrepreneurs. Transacting with farmers and handling a farm spells business, and making a profit out of fresh produce is possible after all!

These businesses are called agribusinesses, where entrepreneurs purchase, negotiate and sell farm products with farmers for more profit. From rice fields to fish ponds, the sources of products that you can sell are endless, since this involves distributing food for masses. These include rice, poultry, plants, livestock, fruits, vegetables, fishes, and anything grown by nature.

How does one create an agribusiness? The road to starting any business  is never an easy one. But if you’re set on starting a business in agriculture, here are some tips for you to get started:

Figure out your services and products.

Are you thinking of selling coconuts? Or would you rather sell meat such as pigs or chicken? You will first have to determine what products you’re willing to sell, and what services you will render with your agribusiness. This is where you can create your own business plan and determine the projected amount of profit you want to make over time. Include the permits you’ll need to legitimize your agribusiness, along with the right insurance to ensure its safety in light of possible emergencies or accidents.

Start financing.

Find the right way to finance your agribusiness. It might take a bit harder for new businesses to procure loans from the bank, but there are plenty of alternative finance options that can help you get a headstart on your business.

Procure the right license.

Like all businesses, you need to secure a permit before you can start a farm or export products. You will need this so you can legally hire farmers, let alone buy and sell products from your agribusiness.

For starters, you’ll have to apply for a permit at the Department of Trade and Industry (DTI) so you can have your business registered. Unless you’ll be starting your agribusiness with a business partner, you’ll be required to register your business. Either way, having your agribusiness legitimized by DTI grants you exclusive rights to use your business.

The Department of Agriculture (DA) is the government authority that spearheads agricultural productivity, so you’ll have to ensure the necessary permits from them if you want to sell, import, export, or transfer the following products in the Philippines:

Find some land to set up your business.

Once you’ve successfully secured the right permits and you’re legally allowed to run a business, you can finally add some life to the land you bought or rented. Depending on what you intend to do in your agribusiness, invest in the construction of a physical building that can also keep the tools, machinery, and other materials that you’ll need for operations.

Formulate your marketing plan.

After constructing your business, your agribusiness is now ready to operate! All you need is a marketing plan that farmers, suppliers, and other clients can use to know more about your business. Make sure that your marketing plan is stable and well-planned out, otherwise, your agribusiness might not last long.

Get your employees.

Lastly, the biggest challenge is running and maintaining your agribusiness, which you don’t have to do alone. Tap the right people for your business. Hire your team!

Once you’ve set up your marketing plan and gathered your clients, start hiring employees. After all, you can’t complete orders for your agribusiness by yourself. Who knows? It can even give a great first impression to new clients if they see you getting the help you need!

Although you’re starting everything from the ground up, there’s still no shame in getting help. Don’t be scared! Starting an agribusiness is tough at first but you’ll never know how far you can go with it unless you try!

Want to learn more about agriculture? Or are you keen on learning more ways to find employment? Learn more about the Technical-Vocational Strand and check out more Job Hunting tips on  Edukasyon.ph !

Share this article

• #agribusiness
• #agriculture
• #technical-vocational-strand

Written By:

Aside from music, storytelling has always been one of Lis's biggest passions. She also writes in the hopes of empowering the youth to make a difference in the world.

Related Stuff

Career Manual

3 Empowering Lessons We Learned Straight from the Tech Voc Community

Sep 24, 2021

College Life

Start a Business by Taking These 10 TESDA Online Courses

Aug 03, 2021

5 Hobbies that can be Potential Businesses

May 20, 2021

6 Tech Voc Courses You Can Take Online

Jan 29, 2021

4 Protagonists on Netflix Who Defied Gender Stereotypes in their Careers

Nov 20, 2020

Take care of your mental health

Students’ guide to flying with singapore airlines, how to ditch the mindless scroll and have fun on the internet instead, 5 things you can still do online even in your f2f learning, how to channel confidence this back-to-school season, which wellness reminder do you need today, 5 ways to deal with face-to-face classes anxiety, 3 ways you can do a wellness check-in, 5 ways to manifest wellness in your life, dear besties, why am i not feeling well today, 3 ways online learning has made us better students, 5 ways to positively use the internet in 2022.

No need to cram! This is the fun kind.

Learn and earn rewards along the way!

Planning for college? Don’t worry, we gotchu!

Let us help you achieve your dream job by matching you with the right schools.

Need more info?

Starting Your Own Agribusiness Venture

Oct 8, 2019

The agricultural sector plays a critical role in the Philippines’ overall economy. Agriculture, forestry, and fishery account for around 20% of the country’s GDP year in and year out, and nearly two-fifths or 12 million of the jobs nationwide come from this industry.

The country’s topography and general make-up contributes to this sector. We have over 30 million hectares of prime agricultural lands. We are surrounded by bountiful bodies of water. We have a tropical climate that makes it wonderful for the growth of essential food crops. We have been globally recognized as a frontrunner when it comes to agriculture.

It only makes sense why Filipinos then and now have built businesses around it. There is great opportunity not just in providing products in the domestic market but also in the export arena.

If you want to get into an agribusiness venture, such as a small farm or a fish pen, you might be wondering which steps you should first take. You might not even have the land or the pond yet, but you might be thinking about the best time to get started. These are some of the steps you might want to take.

Learning about farming or fisheries

Perhaps this should be your initial step – learning about the trade. It would help if you have some background or knowledge regarding the venture you’re trying to get yourself into. For example, you might have worked in a banana plantation or a small-scale tilapia production facility before. Use it as a starting point. Don’t go into something that you don’t have any idea about just because you learned from somewhere that it makes a lot of money.

Like any other job, you need to love what you do or be interested about it at the very least. You don’t necessarily need to be a mushroom lover or aficionado to start your own mushroom growing business, but at least make sure you know a bit about gardening or maybe have a green thumb. Because how do you expect to grow mushrooms for commercial use if you hate having soil in stuck your fingernails or when you can’t even grow a flower in your backyard?

If you can find a mentor, then that would be excellent. You need someone who you can learn from directly. Maybe it could be a relative who has a similar interest? Or it could be someone who has been successful in the same venture in your town. These people could be helpful. You can even volunteer to work for them for a while to gain enough experience before you start your business. If you have to pay them to teach you the trade, then do so. The trade-offs will be far better, you’ll see.

Teaching yourself about the business side of things

If you want to start any business, you’ll need a business plan. When creating one, you’ll have to consider how the market is going. You’ll need to learn about supply and demand. It could be a detailed process of how a farm is supposed to operate. What’s the management structure? What products will you offer? What price points are you looking after? How will you handle logistics?

Creating a business plan comes after the ideation process. It’s a way of asking yourself how you will monetize, say, mushroom production (to continue from the earlier example). This works well as a supplement to the idea of learning or developing an interest in the agribusiness venture you want to be in. The two are interconnected, so it’s important to get both things right from the get-go.

Finding your funding

Finding the right footing to get your agribusiness off the ground maybe difficult, but perhaps the biggest hurdle is finding the funding you need to get started. If you’re on this blog, we’re assuming that you might not have all the capital you need to start an agricultural business on a scale that you’d like.

Sometimes, it’s all about starting small. Maybe you already have that parcel of land sitting idle in the province. It will probably be good to get it started on a micro-scale, initially through using money from your personal budget. See how you’ll enjoy growing chickens or raising a few goats. Continue doing it for a few months and check if you’re producing good results.

Using this method, however, might take a long time to scale, since you only have a fraction of the amount needed to set a full-on business operation going. Don’t worry because loans aimed at beginning entrepreneurs in the agricultural sector like the various options offered by Blend PH are out there!

There are also some government agencies that offer these kinds of grants to young or new farmers, so consider those, too. These programs offer training, subsidized equipment prices, help with certifications, and other similar assistance.

Financial help is always available, given how lucrative farm or agricultural businesses are. You just have to do your part. Do your research and know where to look!

Getting your licenses and permits

Your town or provincial government may have different policies when it comes to meeting the requirements for your small farm or fishpond. But to get to the point, the basics will be more or less the same. You would need to register your business name and furnish your BIR and SEC papers, get a permit from the mayor, and more.

If you want to start a piggery or something that involves waste management or environmental impact, you might need to deal with DENR or your local health department at some point and get the necessary clearances.

You will also need to figure out your business structure. Are you doing it on your own (sole proprietorship) or are you partnering with other people? You should consult an accountant and in some occasions, a lawyer, to get information that’s specific to your needs or situation. It’s important to set up bookkeeping right from the start most especially when you’re relying on funding from other sources like business partners, government loans, or alternative financial solutions like Blend .

If you want to start in agribusiness, you should start moving today. You need to learn about it first and foremost. It will be filled with trials and errors. It can get messy, time-consuming, and costly. But these things are inevitable; they’re part of the processes. One thing’s for certain though: In a small business involving farming or fisheries, you’ll reap what you sow – both literally and figuratively.

Trending News

How to start a real estate business in the philippines .

• Business Ideas
• Human Resources
• Office Technology
• Starting a Business

Boosting Your Venture in Agribusiness in the Philippines 

Disclosure: Small Business Philippines strives to provide relevant and accurate information in all its articles. However, some information in our articles may differ or might be outdated from what you can see or read directly from the establishments’ or businesses’ websites. Please get in touch with us directly for any discrepancies.

The Philippines offers a fertile ground for agribusiness due to its abundant natural resources, favorable climate, and growing population with increasing demands for agricultural products. Engaging in agribusiness presents numerous opportunities to contribute to food security, create employment, and drive economic growth in the country. By tapping into this sector, you can not only achieve financial success but also contribute positively to the development of the nation.

When to Venture into Agribusiness?

Where to establish your agribusiness, step 1: identifying your niche, step 2: conducting market research, step 3: developing a business plan, step 4: securing financing, step 5: obtaining legal and regulatory approvals, step 6: establishing infrastructure and supply chain, step 7: implementing marketing and branding strategies, step 8: embracing innovation and technology, examples and tips for a successful agribusiness, key takeaways.

The time is ripe to dive into the agribusiness sector in the Philippines. With the growing interest in sustainable and locally-sourced products, consumers are more willing to support local agribusiness ventures. Government initiatives and policies supporting agriculture further provide a conducive environment for investment. By seizing the moment in 2023, you can establish a strong foothold and gain a competitive edge in this promising industry.

The location of your agribusiness venture is crucial for success. Factors such as soil fertility, water availability, proximity to markets, and transportation infrastructure play vital roles in deciding the ideal location. Conduct thorough research and consider consulting with agricultural experts to determine the best region for your specific agribusiness activities in the Philippines.

How to Start Your Agribusiness Venture?

Before starting your agribusiness venture, identify the specific niche that aligns with your interests, expertise, and market demands. Whether it’s crop cultivation, livestock farming, aquaculture, or agri-processing, selecting the right niche will set the foundation for your success.

Understanding the market demand and trends is crucial for a successful agribusiness venture. Conduct thorough market research to assess the demand for your chosen agricultural products, identify potential competitors, and determine pricing strategies. This knowledge will guide your business decisions and help you position your venture for growth.

A well-crafted business plan is essential for any agribusiness venture. It should outline your business goals, target market, operational strategies, marketing plan, financial projections, and risk management strategies. Having a solid business plan will not only guide you in the initial stages but also attract potential investors and financiers.

Starting an agribusiness venture often requires substantial capital investment. Explore various financing options such as bank loans , government grants, venture capital, or partnerships. Present your well-prepared business plan to potential investors or lenders to secure the necessary funds for your venture.

Ensure compliance with all legal and regulatory requirements before commencing operations. Register your agribusiness venture, obtain necessary permits and licenses, and adhere to environmental and safety standards. Complying with the legal framework will safeguard your business and foster trust among consumers.

Create a robust supply chain by establishing strong relationships with suppliers and distributors. Invest in modern agricultural technologies and infrastructure to improve efficiency and productivity. Implement sustainable practices to protect the environment and support the longevity of your agribusiness.

Effective marketing and branding strategies are vital for promoting your agribusiness products and building a loyal customer base. Leverage digital marketing tools, social media, and e-commerce platforms to reach a broader audience and showcase the quality and uniqueness of your offerings.

Stay abreast of the latest advancements in agricultural technology and innovation. Embrace modern farming techniques, smart irrigation systems, and precision agriculture to optimize productivity and resource utilization. Investing in technology will give your agribusiness a competitive advantage in 2023 and beyond.

• Collaborate with local farmers’ cooperatives to access a steady supply of raw materials and build strong community ties.
• Offer value-added products or services, such as organic or ethically-sourced products, to cater to the growing demand for sustainable options.
• Engage in agri-tourism to diversify your revenue streams and promote awareness about agriculture among urban consumers.
• Establish partnerships with research institutions and universities to stay updated on the lates t agricultural practices and trends.
• Implement efficient waste management practices and explore opportunities for recycling or upcycling agricultural by-products.

Venturing into agribusiness in the Philippines in 2023 offers tremendous potential for growth and success. By identifying your niche, conducting thorough market research, and developing a well-crafted business plan, you can position your venture for long-term success. Embrace innovation , sustainability, and effective marketing strategies to thrive in the dynamic landscape of agribusiness. Start your journey today, and contribute to the sustainable development of the Philippines’ agriculture sector!

Ready to take the leap into agribusiness? Don’t wait any longer! Utilize the actionable tips and step-by-step guides provided in this article to kickstart your agribusiness venture in the Philippines. With dedication, innovation, and perseverance, you can be a driving force in shaping the future of agribusiness in the country. Let’s cultivate success together!

Thriving Business Ideas for OFWs

The complete guide to business insurance in the philippines.

Allan Martinez

Related posts, foreigner’s guide to philippine business ventures , sec registration philippines: a comprehensive guide , exploring business structure options in the philippines , funding for startups in the philippines: your guide to success , 10 best franchises under 500k to invest in the philippines in 2024 , unlocking growth: philippine business networking , leave a reply cancel reply.

You must be logged in to post a comment.

Unlocking the Benefits of Internet Banking in the Philippines 

Unlocking the potential of free email domains , exploring sample collection letters , exploring time card samples , understanding sales funnel templates: a blueprint for effective marketing , creating an inviting and functional space , exploring free job posting sites , exploring types of pos systems , exploring customer service programs , exploring storefront signs , understanding backpay calculator , unveiling the laughter , crafting comprehensive content , understanding payroll computation , understanding pos in business , exploring different types of light fixtures , optimizing pricing strategies with a selling price calculator , exploring quickbooks enterprise pricing , enhancing business operations with pos inventory systems , unveiling effective marketing materials .

Username or Email Address

Remember Me

Registration confirmation will be emailed to you.

Agruculture Lore

How to start agriculture business in philippines?

Agriculture is an important sector in the Philippines, contributing to the country’s GDP. The Philippines is a tropical country and is blessed with fertile land and a warm climate, making it ideal for agriculture. The country is also an important producer of food crops, such as rice, corn, and coconuts.

If you’re thinking of starting an agriculture business in the Philippines, there are a few things you need to know. The first is that the Philippines has a land area of 30 million hectares, with around 12 million of those hectares suitable for agriculture. The country also has a large workforce of around 10 million people, making it a good place to set up an agricultural business.

The Philippine government is also supportive of the agricultural sector, with a number of programs and initiatives in place to help farmers. These include the Rice Competitiveness Enhancement Fund, which provides subsidies and financial assistance to farmers, and the National Food Security Act, which aims to ensure food security for the country.

Starting an agriculture business in the Philippines is a good option for those looking to invest in the country’s growing economy. With the right planning and support, your business can thrive in this tropical paradise.

If you want to start an agriculture business in the Philippines, the first thing you need to do is research the different types of agriculture businesses that are available. Once you have an idea of the type of business you want to start, you need to obtain the necessary licenses and permits from the Philippine government. After you have obtained all the necessary approvals, you need to find a suitable location for your business. Once you have found a location, you need to purchase or lease the land, build the infrastructure, and buy the necessary equipment. After you have set up your business, you need to start marketing your products and services.

Which agriculture is most profitable in the Philippines?

There are many profitable vegetables to grow in the Philippines. Ampalaya, eggplant, pole sitaw, squash, onion bulb, string beans, potato, carrots, garlic, cauliflower, and broccoli are some of the most profitable. Spring onion is also profitable.

Agribusiness can be a very lucrative venture, but it is important to do your research and create a solid business plan before getting started. Make sure you understand the laws and regulations governing agribusiness in your area, and be sure to register your business and acquire any necessary licenses. Once you have all of your ducks in a row, you can start making final arrangements for your new venture. Best of luck!

What is the best profitable agribusiness in the Philippines

Piggery business can be one of the most profitable money making idea in the agricultural clout if you know the latest technology for breeding and upgrading the breeds of your swines. With lower mortality rates on piglets and meatier pigs produced in your farm, a much bigger profit is a sure thing.

Agribusiness is a field of business where entrepreneurs purchase, negotiate and sell farm products with farmers for more profit. It is not only crucial for the growth of the Philippines economy but also a great source to make money.

How much do Filipino farmers earn?

This is the average amount of money that people in the Philippines earn per month.

It is estimated that there are around 3.4 million Filipino agricultural workers. Yet despite their crucial role, they remain among the poorest and most disadvantaged groups in our society.

One of the main problems they face is the lack of security of tenure. This means that they can be easily removed from their land, and are often at the mercy of their landlords. This makes it very difficult for them to invest in their land and improve their productivity.

Another issue is the lack of social protection. Agricultural workers are not covered by the country’s social security system, and are therefore very vulnerable to poverty and illness.

The government needs to do more to support agricultural workers. This includes providing security of tenure, and better access to credit and other services. It also needs to strengthen social protection programmes, so that agricultural workers can live with dignity and security.

Which agriculture is most profitable?

Dairy farming is a great way to make a profit from agriculture. Not only does it provide milk, but it also produces manure. There is a high demand for organic dairy products all year round, so this is a great business to get into.

There are many farmers in India who have less than 5 acres of land. If they could learn how to maximize the use of sunlight, they could earn 8-10 lakhs in a year with only 1 acre of land. This method would require less effort and less materials.

Which type of agriculture is profitable

Organics are becoming more and more popular as people become more aware of the benefits of eating organic foods. Farming organically is a great business opportunity as the demand for organic foods is increasing and you can charge more for organic produce than traditional crops. Supermarkets are dedicating more and more space to organic produce, so there is a great market for organic farmers.

Tomatoes are rich in vitamins and minerals, and they are a good source of fiber. They are also low in calories and fat. Tomatoes are a member of the nightshade family, which includes potatoes, eggplants, and peppers. The nightshade family is known for its high levels of lycopene, a powerful antioxidant.

Where is the best farmland in the Philippines?

Farm tours are a great way to learn about Filipino culture and agricultural practices. These destinations offer a variety of activities and attractions for visitors of all ages. Whether you’re interested in learning about traditional farming techniques or exploring the country’s natural beauty, there’s sure to be a farm tour destination that’s perfect for you.

HVCs are crops other than traditional crops which include but are not limited to: coffee and cacao, fruit crops (eg, citrus, cashew, guyabano, papaya, mango, pineapple, strawberry, jackfruit, rambutan, durian, mangosteen, guava, lanzones, and watermelon), root crops (eg, potato and ubi), vegetable crops (eg, cabbage and eggplant), and legumes (eg, mung beans and peanuts).

Do farmers pay taxes Philippines

This is good news for accredited farmers and fisherfolk enterprises, as they may be exempt from income tax on income derived from the enterprise. This will help them to be more competitive and expand their businesses.

The Philippine Agribusiness sector is an important part of the country’s economy. It is composed of five subsectors: crop production, animal production (includes livestock and poultry), forestry and logging, fishery (including aquaculture) and agri-support services and manufacturing. The sector provides employment to a large number of people and contributes to the country’s food security. The government is working to improve the sector’s competitiveness and to make it more sustainable.

What is the main problem of agribusiness in the Philippines?

Agricultural productivity in India is constrained by several factors, including poor rural infrastructure and climate extremes. To address these key challenges, the government should reorient its public expenditure programs and promote research and development to boost long-term productivity.

Rural infrastructure includes roads, electricity, irrigation, and storage facilities, all of which are essential for agricultural production. However, these infrastructure services are often inadequate in Indian villages. For example, only 51% of villages have all-weather roads, and only 38% have electricity. This lack of infrastructure limits farmers’ access to markets and input services, and decreases their productivity.

Climate extremes, such as droughts and floods, also play a role in low agricultural productivity. India is highly vulnerable to these natural disasters, which damage crops and livestock, and disrupt farming activities. In addition, climate change is likely to exacerbate these extreme weather events in the future.

The government can take several measures to improve agricultural productivity in India. First, it can reorient its public expenditure programs to focus on rural infrastructure and climate resilience. Second, it can promote research and development to improve crop and livestock breeds, and to develop new technologies that are better suited to Indian conditions. These measures will require significant investment and commitment from

Citizens of the Philippines may lease up to 500 hectares or they may acquire by purchase, homestead or grant up to 12 hectares of land, according to the 1987 Constitution.

To start an agriculture business in the Philippines, you will need to obtain a business permit from the local government. You will also need to have a land area where you can grow your crops or raise your livestock. After acquiring the necessary permit and land, you can now start your agriculture business.

Farmers in the Philippines have a few options for selling their products. They can sell to the government, local restaurants, or set up their own farm store. The best option for farmers is to sell their products directly to consumers. This allows them to get the best price for their goods and control the quality of their product.

Claudia Adams

Claudia is passionate about agriculture and plants. She has dedicated her life to understanding the science behind growing plants, and she is always looking for new ways to make the process more efficient. She loves experimenting with different techniques and technologies, and she is always striving to make the world a better place through agriculture.

Leave a Comment Cancel reply

How To Start A Lucrative Farming Business In Philippines

In the Philippines today, farming is one of the important aspects of the economy, it is known to contribute over 14% of the total nation’s Gdp.

However, over the last 2 decades, there has been about a 10 % reduction in GDP contributed by the agricultural sector. Reasons not farfetched from poor remuneration and lack of government support for the sector.

So to get started with profitable farming in the Philippines, you need to acquire farmland, embark on both livestock farming and crop cultivation, and market your products outside the coast of the country.

So in this guide, we will be giving information on how you can venture into profitable agriculture in the Philippines and all you need to know.

How To Start A Lucrative Farming In the Philippines Step By Step Guide

Table of Contents

Step 1: Identify the size and type of farming you want to start

Crop farming and animal husbandry are two of the most common agricultural activities, although there are many other options available.

You can start out on a huge or small scale, or even in your own backyard. With this focus, you’ll gain clarity on what to do, how much capital to set aside, and a slew of other things.

Read Also:  How To Start Farming Business In Nigeria [PDF Guide]

Step 2: Go for training

In the event that you need assistance in a particular area, please let us know in the comments section. Experts in farming can help you choose the best techniques for any region you’ve selected.

Step 3: buy your farmland

Anywhere from one acre to many acres may be needed for your project.

Step 4: Deforest the Land

Your next task is to clear the farmland of all trees, grasses, shrubs, and forests. You can utilize either a machine or human labor to do this task.

After clearing, burn the brush to get rid of unwanted shrubs and weeds, which will make farming more efficient and less time-consuming on the farm.

Step 5: Start making heaps/ridges

It’s possible that you’ll need to form ridges to better support the root systems of your crops if you’re growing things like tomatoes, yams, millets, and groundnuts, for example.

Step 6: Start Planting your desired crops

During this period, you can begin planting your desired crops. Make sure you buy the greatest possible strain of the crop you intend to grow. ” If you need any seed, feel free to ask in the comments area.

Profitable Farming To Start In the Philippines

Tomato farming:, palm farming:.

You can venture into the growing and processing of palm fruits. Palm fruits are grown for their seed which is in turn processed into red oil which is in high demand. The beauty of this plant is that it can grow on any soil type.

Goat Farming:

Poultry farming:.

The demand for pork meat and its derivatives are in high demand, Philippines farmers can leverage this and start raising pigs for exportation.

Cattle Ranching:

The demand for milk and dairy produce is never going to be low, so, you can level leverage on this and start raising cows for meat production and milk processing.

Major problems of Agriculture/farming in the Philippines

Low diversification:, lack of access to funds:.

Most farmers who are ready to farm in the Philippines lack access to capital to venture into it, or have a fund that is not sufficient for running and setting up a proper farm.

Lack of Agricultural input:

Low literacy level:, the solution to problems of agriculture/farming in the philippines, farmers should learn to grow other plants:.

Farmers should learn to diversify into the growth of plants that are in high demand such as cocoa, palm, rubber, cashew nut, and maize. Doing this will expand their capacity for international sales which will increase the country’s GDP and accelerate farmers’ standard of living.

Government Should Make loan Accessible to farmers:

Agricultural awareness program:, what are the most profitable crops in the philippines.

According to statistics pineapple and tomatoes are the most profitable and lucrative crops in the Philippines.

Is farming in the Philippines profitable?

What is the most profitable crop in the philippines in 2024, how much do filipino farmers earn.

Averagely farmers earn P331.10 in a day.

Why farmers are poor in the Philippines?

Is buying a farm a good investment philippines, what is the biggest problem in agriculture in the philippines.

The biggest agricultural problem in the Philippines is the lack of diversification. Farmers in the Philippines lack the ability to diversify into growing crops and livestock that are in high demand even in the neighboring countries. Famers limit their farming scope to the traditional rice, coconut, corn, and others that are locally consumed.

Share this:

Author: adewebs, you may also like:, what is farrow irrigation [all you need to know], how to start farming with no money [beginners guide], 10 agricultural cooperatives california, [beginners guide] how to start a small farm in texas, 3 replies to “ how to start a lucrative farming business in philippines ”.

Yes you may need to get license, but you may check with your local authorities to get clearer picture

Leave a Reply Cancel reply

BUSINESS PLAN: A GUIDE TO SUCCESSFUL BUSINESS OPERATION OF FARMER COOPERATIVES AND ASSOCIATIONS OF WESTERN VISAYAS

Vanissa Mae C. Ebron during the presentation of output on the Business Plan.

BANGA, Aklan- “For us Agricultural Extension Workers, this training workshop is very useful to us kay kita naga-support farmer, cooperatives, and associations sa ila operation. So, better gid nga may ara kita idea regarding sa plan on how to prepare before producing and introducing the products to the market. We hoped that more AEWs pa ang maka-acquire sang amo ni nga training,” shared by Dia Mae N. Corneja, one of the participants during her impression in the closing program of the Training Workshop on Business Plan Preparation on October 17-21, 2022, at ATI Training Hall.

Twenty-nine Agricultural Extension Workers (AEWs) of Western Visayas attended the said training. Most of them came from selected municipalities under Farm and Fisheries Clustering and Consolidation (F2C2). They are now equipped with the knowledge and skills they needed in the implementation of their projects and are willing to share that knowledge with their cooperatives and associations being handled. 

The activity aims to enhance and strengthen the knowledge and skills of the Agricultural Extension Workers (AEW) on business plan preparation that will enable them to train the farmer-members of the association in their area to become successful agripreneurs. This is under the “OneDA Reform Agenda” by the Department of Agriculture (DA) as an approach to increasing the productivity and profitability of farming and fishery activities.

“Why we were able to conceptualize this training? Required ngayon sa Department of Agriculture na kung magbibigay ng projects ay legitimate na mga associations. Hindi sila nagbibigay sa mga individual recipients, usually mga organized farmers or cooperatives.  At kayo ang nag-aasist sa kanila sa mga requirements nila, sa paggawa ng mga proposal at plans para ma strengthen ang cooperative or association nila. So dapat kayo mismo ay equipped with the knowledge and skills. Isa sa mga i-capacitate sa inyo ay how to make project proposals and business plan,” said Mary Ann A. Ramos, ATI Region 6’s Officer-in-Charge in her message during the Opening Program.

Reden Mark F. Costales, the owner of Costales Nature Farms, served as the sole resource person of the activity and discussed the topics namely: The Agricultural Industry Landscape; Production Management; Financial Management; Marketing Management; Human Resource and Operations Management; Record Keeping; Business Plan Development; and Writing of Farm Business Plan. A Series of workshops were also done on every topic discussed. Two days were allotted for Business Plan Preparation and Presentation. Mr. Costales also served on the panel. Each of the participants was required to prepare such.

The three best business plans were selected, and they were assisted in the finalization of comments and suggestions by the panel. They are as follows: Dia Mae N. Corneja of DA-RFO VI with a business plan entitled “Production of Insulin Plant Juice”, Lykeen L. Salmoro of LGU-Dingle Iloilo with “Alegria Bamboo Crafts”, and Roline D. Tamayo from LGU-Zarraga, Iloilo with “TUPALIFIA as a Farm Service Provider.” They were also required to prepare a Project Proposal which may be funded later if budget allocation permits.    

FILIPINO BUSINESS HUB

10 Agribusiness Ideas in the Philippines

With its rich agricultural resources and favorable climate, the Philippines offers numerous opportunities for entrepreneurs looking to venture into the agribusiness sector. Whether you’re a seasoned farmer or a novice with a green thumb, here are ten agribusiness ideas that you can consider starting in the Philippines.

What is Agribusiness in the Philippines?

Agribusiness in the Philippines refers to the integration of agricultural production and related activities within a business framework. It encompasses the entire value chain of agricultural products, from input supply and production to processing, distribution, and marketing. Agribusiness combines elements of agriculture, business management, and marketing to optimize productivity, efficiency, and profitability in the agricultural sector.

In the Philippines, agribusiness plays a vital role in the country’s economy, as agriculture is one of the primary industries. It encompasses a wide range of activities, including crop cultivation, livestock farming, aquaculture, food processing, agrochemicals, machinery and equipment supply, agricultural financing, marketing and distribution, and agricultural research and development. Agribusiness enterprises can be both small-scale, catering to local markets, and large-scale, serving domestic and international markets.

The agribusiness sector in the Philippines has evolved to meet the changing demands and trends in the agricultural industry. It involves adopting modern agricultural practices, incorporating technology and innovation, and promoting sustainable and environmentally friendly approaches to farming. Agribusinesses contribute to the development of rural areas, generate employment opportunities, and support food security and economic growth in the country.

10 Agribusiness Ideas That Can Be Pursued In The Philippines

• Aquaponics Farming : Aquaponics combines aquaculture (fish farming) with hydroponics (growing plants in water). This sustainable system allows you to cultivate fish and grow vegetables simultaneously, maximizing the use of resources and minimizing waste.
• Urban Gardening : With the rise of urbanization, there is a growing demand for fresh and locally grown produce in cities. Urban gardening involves growing vegetables, herbs, and fruits in small spaces like rooftops, balconies, or even vertical gardens. This agribusiness idea allows you to cater to the urban population’s need for fresh, organic food.
• Organic Farming : As more people prioritize healthy and chemical-free food, organic farming has gained popularity. By cultivating crops without the use of synthetic pesticides and fertilizers, you can tap into the market for organic produce, both locally and internationally.
• Mushroom Cultivation : Mushrooms are versatile and nutritious, making them a sought-after ingredient in various cuisines. Mushroom cultivation can be done indoors, making it suitable for small-scale operations. You can grow a variety of mushrooms, such as oyster mushrooms, shiitake, or even exotic species, and supply them to restaurants, supermarkets, and health food stores.
• Beekeeping : Bees play a crucial role in pollination, making beekeeping a vital agribusiness. With the increasing demand for honey, beeswax, and other bee-related products, starting a beekeeping venture can be profitable. Additionally, bees contribute to environmental sustainability and biodiversity.
• Vermiculture : Vermiculture involves the cultivation of earthworms to produce vermicompost, a nutrient-rich organic fertilizer. By setting up a vermiculture farm, you can provide high-quality compost to farmers, gardeners, and plant enthusiasts. Vermicompost enhances soil fertility and improves crop yield.
• Hydroponics : Hydroponics is a soilless farming technique that allows plants to grow in nutrient-rich water solutions. This method conserves water and maximizes space, making it ideal for urban areas or regions with limited arable land. By growing vegetables, herbs, or even flowers hydroponically, you can cater to the demand for fresh produce.
• Poultry Farming : Poultry farming, particularly chicken production, is a well-established agribusiness in the Philippines. Whether you choose broilers (meat production) or layers (egg production), poultry farming offers steady income potential. You can supply poultry products to local markets, restaurants, or large-scale distributors.
• Goat Rearing : Goat meat, also known as chevon, is a popular protein source in the Philippines. Goat rearing requires less space compared to other livestock and can be a lucrative venture. Additionally, goats can provide milk, which can be processed into various dairy products such as cheese and yogurt.
• Snail Farming : Snails, or escargot, are considered a delicacy in many cuisines worldwide. Snail farming, also known as heliciculture, can be a profitable agribusiness option. Snails can be reared in controlled environments, and their high market value makes them a potentially lucrative venture.

Before starting any agribusiness, it’s essential to conduct thorough market research, develop a solid business plan, and acquire the necessary knowledge and skills. Additionally, consider networking with industry experts and joining relevant agricultural organizations to stay updated on the latest trends and best practices.

Also Read: A Beginner’s Guide to Piggery Business in the Philippines 2023

Remember, success in agribusiness requires dedication, hard work, and a passion for agriculture. With the right mindset and careful planning, you can turn your agribusiness venture into a rewarding and profitable endeavor in the Philippines.

Want to start business? contact us

• Contact our consultant - Submit Enquiry
• ₹ Indian Rupee INR
• US $ US Dollar USD
• 2024 Magazine
• 2023 Magazine

• Wishlist Edit Your Wishlist 0

Your shopping cart is empty!

• Certifications
• Client List
• Technology Books - Shop Online Upto 30% Off
• Project Reports
• Abrasive, Asbestos And Refractories
• Activated Carbon Popular
• Alcohol & Beverages
• Automobile & Mechanical
• Ayurvedic & Herbal Popular
• Bakery And Confectionery
• Biochemical & Biotechnology
• Chemical Industry
• Coal Industry
• Cold Storage
• Dairy & Milk Processing
• Edible & Non Edible Oil
• Electrical Industry
• Health & Beauty
• FMCG & Consumer Goods
• Glass & Ceramics
• Gums & Adhesive
• Industrial Gas
• Jute & Jute Based Products
• Leather Industry
• Medical & Disposable Surgical
• Metal & Minerals
• Packaging & Printing Popular
• Paint & Pigments
• Perfume, Flavor & Essential Oil
• Pharma & Medicines
• Plantation & Farming
• Plastic, Polymer & Rubber
• Pulp & Paper
• Products From Waste
• Rolling Mill & Steel Industry Popular
• Soap & Detergent Products
• Solar Based Industry
• Textile & Garments
• Wax & Polishes
• Wood Products
• Africa - Explore Business Opportunities
• India - State Wise Information
• Knowledge Base

Agricultural business in the Philippines

The agriculture business in the Philippines encompasses five subsectors production of a crop, animal (poultry and livestock), fishery, logging and forestry, and agri manufacturing – support services. Agriculture farming is taking into transformation as a thriving agribusiness and is acquiring technologies. In the Philippines, agricultural farming includes getting training to use sophisticated techniques in farming, establish transport, create stable supply chains and agricultural infrastructure, research and development, besides reliable property.

Current scope

Agriculture activities are helping in increasing the agribusiness outputs and diversifying contributing to rural growth and development, thereby the Philippines government. The agribusiness sector largely contributes to the Philippines economy’s industrial development. Transforming Philippines agriculture into a high-growth, the dynamic sector is essential to reduce poverty, speed up recovery, and promote growth. The focus on the Philippines is on agriculture after the COVID-19 pandemic to ascertain there is a vibrant rural economy, nutritious and affordable food, with strong food value chains.

Future forecast of the agro industry in Philippines

The agricultural sector of the country is modernizing and now the Philippines prioritize this agenda. It is because, without effective agri-food systems, no country can transit from middle to high-income status.  There may be a few exceptions where the countries have natural rich resources, but others must transform their agricultural sector. 

The new vision of the country for agriculture is diversification and using modern technologies. Though transforming food and agriculture systems is challenging, the Philippines can overcome the challenge, as it is well equipped. The Philippines’ vision is to have a food-secure country and prosperous farmers. Realizing this vision requires dedicated efforts among industry stakeholders concentrating on major agri-fishery, to empower farmers continuously, agricultural entrepreneurs, fisherfolk, and the private sector to promote profitability and agricultural productivity, considering resilience and sustainability.

Philippines grains, Philippines sugar, Philippines Dairy, Philippines livestock markets are analyzed and forecast to 2025. Further, Philippines agriculture production including wheat, corn, Barley, Rice, Sugar, Milk, Butter, Cheese, whole milk, poultry, beef, and pork production is forecast from 2016 to 2026. Demand for all these agriculture commodities is also forecast during the period.

The agriculture business sector is largely contributing to the Philippines economic industrial development. Its strategic actions provide the small farmer’s support, improve production by offering access to technologies, and finance aiming to fund the relevant projects. It is necessary as local agribusinesses contribute to the sustainable food security of the country. 

The new report was focusing agricultural development. It was about shifting the heavy focus towards improving overall competitiveness, resilience, and rural sector sustainability and not focusing on specific crops. In the past, most time was spent on selecting goods and crops, the inputs and subsidies as planting materials, fertilizer, and machines.  

The reports say there are paradigm shifts, and it is crucial to fulfilling the domestic and global market opportunities. The report says interventions such as farm consolidation featuring farming cooperative schemes, e-commerce, better extension services, and investments in the start-ups of agribusiness will help advance Philippine agriculture towards modernization.

This shift in agriculture will increase farmer incomes, create jobs, and ensure food security, thereby meeting the climate change new challenges. There is the support of the World Bank for the Philippines’ agriculture sector. They include long-running programs, thereby reducing poverty and raising agricultural poverty. They are also focusing on enhancing farm and fishery productivity.

Micro and small agri businesses and their access to financial services

Agribusiness joins a global public-partnership coalition in the Philippines to provide mentorship to micro-enterprises, farmer-based, and give technical assistance.

The key pillars are in providing technical and financial assistance to modernize the facilities of processing and promote the selected capabilities of micro-enterprises. They help in meeting the FDA compliance standards in the Philippines. These interventions were implemented in the project period of 2020-2024, thereby leading to increasing micro-enterprises revenue as the end goal and increasing smallholder farmers’ household income.  However, the PSAG has assured to provide technical and strategic guidance, besides mentoring micro-enterprises having smallholder farmers as members and require investment and technical support. 

In the Philippines agriculture sector, MSMEs are the driving force in stimulating the increase in the farmer’s income, adding value to farm commodities, and creating in rural areas various economic opportunities as poverty remains high.  The MSMEs’ ability to enable agricultural potential is vastly constrained by limited vulnerability and financing access to natural disasters and external shocks. Climate change also affects the agriculture sector and so the project is working to help fill the gaps in technical and finance so that the workers and the farmers in the agriculture sector become successful entrepreneurs.

Transforming small farmers into agripreneurs requires access to equipment, capital, and facilities. Availing of a loan from any financial institution for a small farmer has no or low chances.

In response to the COVID-19 pandemic, the ANYO (Agri-Negosyo) launching was to provide the small farmers and fishers with zero-interest loans. It also included providing loans to registered small and micro agri-fishery enterprises, partnerships, sole proprietors, associations, corporations, and cooperatives. Individuals eligible can boron Php300, 000 as a maximum loan, while registered micro and small enterprises can avail of loans as per their assets ranging from Php 300,000 to Php 15 millions. This loan repayment period is set to five years.

CLICK HERE to know more about  List of Agriculture Business in the Philippines

Don't bother with copy and paste.

Get this complete sample business plan as a free text document.

Feed and Farm Supply Business Plan

Start your own feed and farm supply business plan

Latheethen Feeds

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">.

The following plan is based on 16 years of experience, is highly focused and promises to follow a path of prosperity for its owners and staff. It is based on conservative sales figures, and actual sales may be higher. The projections contained herein are authentic and will be used as the budget for the business. Latheethen Feeds, Inc. will show a profit immediately, and will increase sales and profits each year thereafter.

Latheethen Feeds, Inc. is a well-established custom feed store. The company is engaged in the production of custom livestock feeds, bird feed, deer feed, and other animal products in relation to livestock animals, pets, etc. Latheethen Feeds, Inc. has recently expanded its production facility (custom mill) and is well-positioned to market its workroom production beyond its present client base. The company is dedicated to providing the highest quality customer service, meeting the agreed delivery dates, and keeping the sales prices controlled in accordance with ongoing market trends. The focus of this business plan is to identify future target clients, explain our marketing strategy, improve internal procedures so we can substantially increase profitability, and obtain the funding required to expand the business.

Latheethen Feeds, Inc. is located in Pleasantville, Michigan. The company is a privately owned corporation and has been operating for nearly 16 years. The previous owners live next door to the store, and are planning on moving to their retirement home in Northern Michigan, as soon as this business transaction is completed. However, since the current owners and new owners are in fact family, the current owners will be around if needed and to visit on a bi-weekly basis.

The six counties surrounding Latheethen Feeds contain an estimated 14,695 livestock farms, and 20,434 hunters. However, the entire state is an open market once delivery to customers is an option. Latheethen’s would then be in the market to compete for the business of 53,315 farms. USDA records show that a quarter of a billion dollars is spent annually on feed in the State of Michigan by these same farms. The company’s estimated existing share of the nearby market is less than 1%. Previously, the owners have established an estimated $140,000 of the state total on an annual basis. They have accomplished this without any form of advertisement, and without any outside sales. The new owners are focused on growing the business to gain a greater share, $260,000 annually, of the state total.  

The marketing research and tailored marketing strategy described in this business plan will result in after-tax profits of $22,806 in Year 1 and increasing to nearly $30,000 in after-tax profits within three years, despite significant new advertising and renovation expenses.

To achieve these goals, Latheethen fields needs funding for two different phases of expansion. We are currently seeking a $15,000 short-term loan, to be repaid within two years. This loan will enable us to purchase a delivery truck, a key element of our new sales and marketing strategy. In early Year 2, we will need a second, long-term loan in the amount of $135,000, to build the area’s premier equine boarding stable. The addition of “Mid-Town Meadows” will not only be another source of revenue, but also another source of feed sales. Mid-Town Meadows will be a comfortable, inviting equine resort designed to make our customers and their horses feel as if they are enjoying VIP services in a world all to themselves. The decor and theme will be rustic (log exterior walls), yet formal (private club house overlooking the enclosed arena). The feed store is already located at the main entrance, next to a cascading water fountain and company signs. 

1.1 Objectives

There are five primary objectives by which the success of Latheethen Feeds will be tracked:

• Maintain 100% of existing customer base by consistent customer service.
• Expand our customer base through direct referrals and agressive direct sales. 
• Expand our product line gradually, based on customer requests.
• Expand our custom feed mill to meet the growing sales market.
• Expand the types of services offered to our customers, as their desires are identified.

1.2 Mission

Latheethen Feeds is a family owned and operated company, dedicated to providing our customers with the best premium products and services on the market. Latheethen’s offers all of our customers the direct personal attention they deserve. Our committment to customer service and satisfaction assures us that our customers are 100% satisfied with our products and services.

1.3 Keys to Success

The primary keys to the success of Latheethen Feeds are as follows:

• Product freshness and quality.
• Variety and price.
• Constant research of industry to keep knowledgeable of market needs.
• Management: products delivered on time, professional customer service, managing budgets.
• Constant evaluation of strengths and weaknesses with adjustments made as warranted.

Company Summary company overview ) is an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.">

Latheethen Feeds is a mid-Michigan based farm and feed store dedicated to providing our customers with professional services and high quality feed products. Latheethen’s offers only the best feed and products in the industry. Latheethen’s also offers our customers the option of a custom made feed. Our mill enables us to provide high levels of quality products that are always fresh and available. Latheethen’s primary focus is on keeping our customers satisfied. Professional and reliable service, competitive pricing, and a knowledgeable staff will provide for continued growth in the years to come.

Latheethen’s was founded in 1989 by Chris and Steve Latheethen. Their hard work and dedication has proven to be successful, as Latheethen’s is now one of the area’s premier feed stores and the only one specializing in custom-made feed.

The future of Latheethen’s is looking bright with younger family members taking over ownership. Our focus is on the core products, our sales and promotions emphasize our history and reputation for quality and customer service. With the addition of new energy and enthusiasm from younger owners, we will increase sales and the bottom line. Even though the new owners have the time, energy, interest and knowledge to invest in an already successful family business, our greatest asset will be our committment and pride in protecting and growing the business.

In the past, Latheethen’s has been just a feed store…in the future Latheethen’s will grow to become not only a larger provider of quality feeds, but also a boarding stable and resource for customer with inquiries about all areas of pet care.

2.1 Company Ownership

Brought to you by

Create a professional business plan

Using ai and step-by-step instructions.

Secure funding

Validate ideas

Build a strategy

The new owners will share 50/50 ownership and they are as follows: 

• Kay Latheethen

2.2 Company History

Latheethen Feeds was founded in 1989 as a privately held corporation registered in Midland County, owned and operated by Chris and Steve Latheethen. It was originally a retail company that sold feed and supplies to local customers.

Chris and Steve recognized the need for more variety in products and more competitive pricing. Eventually this idea generated the need for a feed mill, which has greatly increased the success of the business. Producing custom feeds reduces the costs to almost 80% less than it costs to purchase a name brand feed. The custom-made feed has been Latheethen’s best seller because of quality and price.

The past performance table and chart show the increase in sales over the past three years. By adding a point of sale inventory and accounting system, we will be able to better track our best sellers and highest margin items, to increase net revenue. while our cost projections are accurate, the current owners have not tracked sales categories in as much detail as we will.

The previous year shows a large increase in the value of assets. This represents both the value of the acreage on which the business stands (contributed to the business by the current owners), and the recent purchase of the point of sale system which will be used to better track orders.

Latheethen Feeds, Inc. currently offers our customers products and supplies (Feed, Wormer, Treats, Beading, etc.) for the following animals:

• Birds (Caged and Wild)
• Cats and Dogs (Household Pets)
• Deer and Elk
• Fish (Pond)
• Custom Made Feeds
• Delivery (Selective)

Latheethen Feeds will continue to offer all of the above great products, while evaluating the desire and need by our customers for the following items.

• A Complete Line of Feeds for All Animals
• Books (Related to Animals)
• Deer Blinds
• Exotic Animal Feed
• Home and Garden Accessories
• Landscape Supplies
• Live Animals
• Organic Gardening
• Plants, Flowers and Trees
• Ponds and Water Gardens
• Tools and Gloves

Latheethen Feeds, Inc. will continue to offer the existing services, but we will also be expanding our services to include the following as customers demonstrate an interest in supporting the addition of such services.

• Delivery (Full Time)
• Equine Massage
• Equine Boarding and Stable 

Market Analysis Summary how to do a market analysis for your business plan.">

Latheethen Feeds is the only custom feed manufacturer in the Midland, Michigan area and surrounding 50 mile radius. In the past, our market has been individual end users. Recent market analysis suggests that our custom feeds could be marketed to other direct feed stores outside of this 50 mile radius.

In reviewing our existing customer base, and recognize the broad range of local organizations such as 4-H and Future Farmers of America (FFA) and area farms and ranches, we have seen the possibilities for potential market growth. Latheethen’s has never had a direct sales force, advertised, or approached the specialized market they dominate with any zest for growth.

More than sixteen years in this business with success in the creation of formulas of high quality, cost-contained custom feed, mixed with the energy of youth and enthusiasm to grow this family business is greatly reinforced by the simple market analysis outlined below.

4.1 Market Segmentation

Latheethen Feeds, Inc. will focus on the following markets:

• 4-H Enrollments: Simply put, this segment of our market is our future. We are working with 4-H to further interest in animals, their nutritional needs, and means of cost containment. Through offering quality custom feeds we will provide success for today and many tomorrows as these youth become adult consumers (while annually, new youth will be targeted). This market will allow for sales of all our feed products as 4-H offers exposure to a variety of animals.
• Cattle Farms: The number of cattle farms within a 100 mile radius of Latheethen Feeds is quite phenomenal. There are many different purposes for these farms as well. Some raise cattle for auction and slaughter while some raise cattle for milk processing. All together, this is a market that is small, but would be very lucrative just by having a few of these commercial accounts purchase their feed from us on a weekly basis. The cattle market is very tough, but with our low prices and quality service, we should be able to obtain at least 10% of the overall market.
• Horse owners: We will provide custom feed while building customer relationships for long term growth and expansion into our goals of massage, boarding and other related services. Horse owners range from individual owners to ranches and even direct marketing to area race tracks will be undertaken.
• Hunters: These customers, of all ages and genders, have contributed a great deal of the Latheethen’s cash flow over the years. Expanding on simple hunter spontaneous purchases (jerky, nuts, dried fruit) will increase net revenue without an increase in labor, space or marketing costs.  During the hunting season, “regulars” stop for beets, carrots, corn and apples on their way to their blind. Adding these impulse-purchase items will add to our bottom line.
• Livestock Farmers: This market is virtually up for grabs. Tax-exempt farmers look for the best in quality and price, both of which Latheethen’s offers to our customers. Farmers also look for availability of large quantities. Again, at Latheethen’s, we can handle any size order from less than a pound through orders containing thousands of pounds. Latheethen’s custom feed mill will again prove to be a big asset when dealing with the farmers.

4.2 Target Market Segment Strategy

Strategically targeting all the 4-H enrollments close to our business helps serve the needs and requirements of our local customers, and ties in logically with our marketing plan (see below) and our style of feed store. The youth of the 4-H are our future. These customers have regimented schedules, and find value in exceptional service, low prices and high quality feed. This first tier of our market segment is also the primary focus of our marketing plan, which has a deep commitment to focusing on the support of the 4-H kids and their community. 

Our THIRD-TIER group, Horse Owners, will find that Latheethen’s special blend of oats and grains, all mixed in with our high quality minerals, results in premium feed at an affordable cost. All of these things are essential factors in a customer’s feed-buying decision. Our specialty horse feeds are made for both the average horse and for the equine racer, both of which are numerous in our area. We need to market the right avenues to gain industry share in this rapidly expanding market.

Our FOURTH-TIER, Hunters, is simply the largest in number of individual purchasers. Hunters are mostly seasonal customers, from the months of September through December we will see our numbers skyrocket when compared to the other eight months of the year. For projection purposes, we figured on having a low 30% of the total available market (69,232). This total potential market includes hunters from six of our surrounding counties (within a 50 mile radius). The actual number of hunters that stop by on their way to their cabins or blinds is substantially higher than forecasted.

Our FIFTH-TIER, Other Livestock Farms, represents a market that has an abundant number of feed users. Our custom feed mill allows us to manufacture any type of animal feed we desire, which help us acquire the available customers in this tier. From sheep and goat feed to rabbit and turkey feed, we make it all. Again, when we make our high quality feed, we make it with the highest quality products and sell it at wholesale prices. This market is basically up for grabs, as there are currently no competitors within a 125 mile radius that can supply these customers with such a high quality feed at the lowest costs possible.

We acquired our data for our market analysis from the Department of Natural Resources, the 4-H Council, and from USDA National Agricultural Statistics Service.

All of our projections are based on actual, real-life numbers (number of people/farms/etc.). We forecasted conservatively to show the actual amount of business we can easily obtain through a few advertisements and direct marketing.

4.3 Service Business Analysis

Currently, Latheethen Feeds, Inc. is involved in the manufacture and retail sale of custom feed and related products. Latheethen Feeds straddles two industries – manufacturers of feed, and retailers of feed and farm supplies. Latheethen’s 16 years of success in the custom feed industry is the strong foundation for the success and continued growth.

There are over 7,000 farm product raw materials businesses in the United States, according to the 2002 U.S. Census Economic report. According to the same source, farm supplies and raw materials wholesalers currently sell over $62,000,000 of goods per year. Of these, only 843 of these were selling poultry and livestock feeds mixed on location. With total sales of $8,141,368, businesses like ours sold an average of $9,658 in goods each, per year. This reflects the fact that most of the custom-feed mixers in the United States are very small operations; many of them are farmers who mix their own feed for their own livestock, and sell the extra to neighbors. Latheethen Feeds started out this way, but expanded its product line with snacks for people, and wild and exotic animal feed. By becoming a full-service custom-feed store, and developing a reputation for great service and high quality feed, we have far surpassed the industry average for revenue.

Our products are purchased from wholesale suppliers and re-sold to retail consumers. Our custom feed is a huge competitor with other retail products. The raw goods and time to manufacture cost at least 80% less than similar feeds. With more focus on the overall quality of our feeds, the cost savings to our customers will become more of a word of mouth advertising from end user to end user. Direct referrals are always the best source of committed customer and sustained reliable growth.

There really is no competitor within a 50 mile radius of Latheethen Feeds for custom feed for the wide variety of animals we provide for. Our tasks are to encourage our customers to make referrals, to implement direct marketing to groups such as the 4H and FFA, and to go out to the various ranches and livestock farms and introduce our company and our line of custom feeds.

At this point, we are a great-kept secret, when comparing our customer base to the existing market research potential.

4.3.1 Competition and Buying Patterns

Within the feed and farm supply industry, businesses compete on price, quality, customer service, and delivery. Customer service can include things like ability to produce a range of quantities, and custom-feed options. Customers must also trust the supplier for regular, reliable service and consistent quality, since sudden changes in feed can really disrupt their animals’ digestion and health.

Our existing customers have pretty routine buying patterns. The same customers come at the same time of the week or every other week. Their deliveries are scheduled for the same time, with the same volumes each time. When asking our customers why they use our products, they always have the same answer: “your custom feed is so good for my animal and it is priced just right.”

Most of our customers have been doing business with us for several years. Solid customer relationships, a friendly atmosphere and being available to provide quality products at a good price all add to a successful bottom line.

We strongly believe that by offering delivery services, we will gain a substantial number of new customers, both through the advantages of the new service, and with the new advertising (signs on our truck). We will gain the recognition of new customers through our focused marketing plan.

4.4 Sales Strategy

Latheethen Feeds, Inc. will be entering into direct sales for the first time. Starting in October and November, we will approach members of our target markets within 10 square miles both via phone and with direct visits. Where possible, we will ask existing customers to provide us with an introduction or to mention us to their neighbors and friends before we approach them. This will both lend credibility and pre-qualify potential customers as genuinely in need of our services, based on others’ knowledge of them.

We will tell them about our current products and services, and then ask them clearly what we need to do to earn their business. We will listen to their desires and individual goals. We will then mirror back to them what they have said, to be sure we understand their needs. Finally, we will create an individualized sales proposal with their specific needs (products, volumes, frequency, price, other services) included.

We will present the proposal as a written agreement ready for signature by both parties to begin doing business.

Follow up calls will go to each customer within 24 hours of each delivery to ensure satisfaction. If for any reason there is an issue, it will be handled immediately by one of the owners directly with the customer.

Latheethen’s has previously been successful do to repeat customers. As the business switches hands we will also focus on keeping the existing customers happy and successfully introducing our new products and services. We will always focus on our repeat customers. The loyalty and respect we get from those customers will all play a big role in growing the business and taking it to the next level.

4.4.1 Sales Forecast

The sales forecast for Latheethen Feeds, Inc. includes all varieties of feed, as well as non-feed supplies and future forecasts for boarding stable revenue.

Adding the boarding stable will utilize vacant land and make it work for the company. The addition of the boarding stable will add to our company’s feed sales, and to the specialized services we offer. Boarding Stable costs include laundering of horse blankets, feed used by horses during their stay, and wear and tear on grooming instruments. 

The annual growth rates fluctuate and are defined as:

• 2005 – 3.37%
• 2006 – 8.83%
• 2007 – 34.63%
• 2008 – 16.68%
• 2009 – 14.81%  

The reasoning behind the initial dramatic increase in sales is due to accurate reporting and tracking, and growth of sales (generated through direct sales and advertising). For 2007, 2008 and 2009 we are forecasting significantly increases in our sales as we open the boarding stable. We anticipate that it will take three years to book out all of our stalls.

In 2009, we are forecasting a modest increase of 12.84%, based on the growth of feed sales and stable services alone. We are also planning on bringing back the rodeos and livestock shows that the previous owners have held in past years. This year could prove to be the year to bring back some of the good old days to the new Latheethen Feeds location.

Strategy and Implementation Summary

Emphasize customer service We will differentiate ourselves with CUSTOMER SERVICE! We will establish our business as a clear and viable alternative for our target market, from the scores of competitors known for “do-it yourself,” “no we don’t offer that product,” and “no delivery available.”

Customer service is paramount in our business and our business plan. The management team will accomplish this goal by training employees and by providing encouragement.

The new management team of Latheethen Feeds, Inc. believes that an employee who is happy at work will enjoy working. It is always easier to please customers with staff that cares, a facility that is clean and equipment that is kept in proper working order.

Latheethen Feeds, Inc. will also work toward establishing community involvement programs that will demonstrate how the business can contribute to a better quality of community life. Community project groups such as the 4-H Council, the FFA, Schools, churches, and other groups will be welcomed for tours of the facilities and will be shown how the facility can be used to help raise funds for their needs.

Build a relationship-oriented business Build long-term relationships with customers, not single-visit deals. Become their “feed dealer of choice.” Teach them the value of the relationship.

Focus on target markets We need to focus our offerings on specific population groups as the key market segment we should own. We definitely want to be able to sell to smart, quality conscious customers.

5.1 Competitive Edge

Latheethen Feeds, Inc. has one of the most sought-after competitive edges in the industry. We have our own individual feed mill that can produce any animal feed requested. All we need is a few ingredients and some time to make our specialty custom feeds.

Our custom mill was built and wired with a 3-phase electrical system (industrial strength) and the best equipment on the market today. Other feed stores dream of having access to their own mill; this is where you make most of your money. Instead of having to be the middle man and purchase a large inventory of generic feeds, we custom-blend and produce our own feed to keep the costs down. When we can produce and market feed that costs us nearly 80% less than it costs to purchase a generic feed, we can keep our shelf prices lower than our competitors.

Let’s face it, lower prices +  higher quality feed = money in the bank.

From the very first day Latheethen’s was open for business in 1989, the owners never advertised. They let the word get around (word-of-mouth advertising). This has obviously worked in their favor, as they are operating a profitable business, as is reflected in net profit increases annually.

In the future we, the new owners of Latheethen’s, will market our products to new customers in various strategic ways. This will aid in bringing in more customers…and will also aid in spreading the word that we are expanding our business. Most of the existing customers come from within a 30 mile radius of the store. Through delivery, we can offer our products and services to anyone willing to pay for it.

Our next competitive edge is that we will be running our delivery truck on a daily basis (once we implement delivery and obtain the necessary business). Most of our other competitors do not deliver or only deliver within a short distance from their location. Again, we will serve our customers with a higher quality feed, high level of professional service, and be willing to take it to their door.

Our strongest competitive edge is that we are family owned and operated and that our knowledge of the feed industry runs deep. With the resources available, the energy we can contribute at our young age, the raw talent for business and deep understanding of customer service, the potential to grow this already exciting business is tremendous.

5.2 Marketing Strategy

Latheethen Feeds, Inc. will implement the following Marketing Strategies upon the business transfer in the following order:

• Direct Marketing: we will personally market (sell face to face) our products to various feed stores, stables, boarding facilities, farms, clubs and race tracks.
• Customer Referral: we will provide customer incentives for direct referrals, in the form of price discounts.
• Website Marketing: we will implement our web plan and review the outcome to determine the efficiency it has on our customer base.
• Event Marketing: we will visit area  livestock events (within 150 miles) to hand out flyers, business cards, and product catalogs, and to meet potential customers face to face.

Through marketing our products in these ways, we project that Latheethen’s will almost double its business within the first 2 years of new ownership.

5.3 Milestones

The following detailed milestone table shown identifies the primary tracking points for our initial company takeover, for our growth and our development process. We have included budgets for each subject and the name of which company came in with the lowest bid price.

Web Plan Summary

Latheethen Feeds, Inc.’s website will enable us to offer customers current information on special sales, promos, new product releases, events, and public service announcements. We also plan on utilizing the Web to sell and market our products and services. An e-store will also be implemented into our web design, allowing customers to place orders for the feed they need right on our website. We will be able to accept and process check and credit card orders immediately online. Our customers will still have the options of paying by cash, check or money order as well.

6.1 Website Marketing Strategy

Our website will be promoted through the use of sponsor listings and affiliate memberships [confidential and proprietary information removed]. Our site will be registered with all of the major search engines. We will also share links with our distributors and manufacturers.

6.2 Development Requirements

Latheethen Feeds, Inc.’s website will be initially developed with few internal technical resources. IPowerWeb will host the site and provide the technical back end. MX-Productions will produce the graphics, logos, artwork, and flash media as they will be developing our website from scratch. Our site will be maintained by one of the owners.

Management Summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">

Latheethen Feeds, Inc. is presently made up of three employees. The two current owners and one mill operator put in approximately 75 hours a week. As the new business ownership takes effect and various marketing plans are implemented, the product volume will increase. There is sufficient room in the production mill to expand and produce more feed daily. It is planned that the two new owners will oversee the production and day to day business practices.

We will also be contracting a new outside CPA to handle the corporate book keeping and business accounts (listed in the Profit and Loss table). We value and understand how important proper accounting and reporting of all sales activities are to the successful growth of a company. It is through development of this accuracy that true business growth will be verified and available for the continued security of this well-established family business.

7.1 Personnel Plan

Latheethen Feeds, Inc. is currently run and operated by one person in the mill and one person in the store. In time, as we implement our marketing plan, we will need to hire in an additional person to assist in the mill, and possibly another person to assist Kay in the store. We also could possibly need to hire a delivery person in the year 2005. When the business expands with new customers and larger feed orders, Dennis will need to be on site to assist Kay with inspecting the orders prior to delivery to ensure quality and accuracy of all orders. As growth evolves other family members may be of age to assist in the processes or employees may need to be placed.

As we expand we will hire independent contractors. We believe this way would best suite a company our size. Instead of spending the amount of money required by law to actually hire an employee, we feel we would all benefit more from setting up our personnel in this aspect.

Financial Plan investor-ready personnel plan .">

The financial plan is to borrow $15,000 now as a short-term loan from Citizens Bank, at an interest rate of 7%, to buy a delivery truck suitable to our needs. We will repay this loan within two years from the cash flow of the business. This truck will allow us to expand our services to include delivery, giving us a further edge over the local competition and enabling us to further expand into our target market, while increasing recognition of our name and services.

The second phase of the plan is to borrow $135,000 in long-term loans from the bank in early 2006, to fund the renovation of the existing property’s barn and outbuilding into a structurally-sound, attractive, and livable horse boarding stable, and to install fencing and landscaping suitable to that purpose. This renovation will be completed within 7 months, although final landscaping and fencing is not expected to be finished until early 2007. We will repay this loan over 10 years. We will secure this loan with our equity in the value of the existing property. The boarding stable will open up a new revenue stream for the business, and attract new steady customers.

With aggressive target marketing and the sales strategies outlined above, we will increase sales over 3% in the first year. We expect a bigger increase in year two, with the extensive renovation generating some free publicity and with existing customers making referrals, but the largest expansion is planned for 2008, when we can first realize a full year’s revenue from the boarding stable.

From the very start, the new owners of Latheethen’s will start building the business and taking it to the highest level. The new owners have bright futures ahead of themselves, as does Latheethen Feeds, Inc. The once small, unknown feed store will be transformed into the area’s premier livestock feed store and equine boarding facility. The new Latheethen Feeds will be capable of hosting large scale rodeos and other livestock shows by the end of 2009.

8.1 Important Assumptions

This business plan was developed for Latheethen Feeds, Inc. assuming the following:

• Steady growth from good management, barring any unforseen local or national disasters such as the economic slowdown seen by most of the country following the September 11th, 2001 tragedies.
• An adequate loan amount to allow for initial implementation of plans.
• Competition and buying patterns remain similar to those used for forecasting.
• Existing customer base maintained.
• Market research is on target and current (received from different state organizations).
• New customers will be gained through direct sales and advertising.
• Long-term interest rate will be no more than 7%.
• Income tax rate is 30%.
• Sales tax rate is 6%.

8.2 Break-even Analysis

Break-even is based on fixed costs of approximately $5,900 including loan repayment, insurance, maintenance and labor. Additionally, controllables such as service labor, payroll taxes, property taxes, advertising and legal/professional fees are included.

The following chart shows that we need to produce approximately $8,500 from sales per month to break-even (according to the assumptions). That is less than what the previous owners have accomplished in previous years. We strongly believe we will succeed and provide handsome returns for our company and its owners.

Margins are harder to assume. Our FY 2005 gross margin is forecasted at 69.98%. In the following years our gross margin will continue to grow beyond our starting point because of the continued growth in total product sales and the release of our new equine boarding stable. The products manufactured in the mill cost about $3.50 for 50 pounds of feed on average. The lowest sale (market) price on those products is $5.50 with the highest coming in at $10.75. The majority of our gross profit on feed products is made directly as a result of having the luxury of our own custom mill.

Not only will we serve a much higher number of customers monthly than required by this break-even chart, we believe that we are going to possibly double the amount projected in our cash flow charts in this business plan, because we are going to be the only facility of its kind within a 150 mile radius. As advertising and direct sales follow suit from outside areas, our delivery service will prove to be valuable to our company and our customers.

8.3 Projected Profit and Loss

Outlined below and in the following table and chart, are some of the intrinsic facets of the projected profit and loss for Latheethen Feeds, Inc.

Cost of sales reflects our cost to manufacture the feed and purchase all other non-manufactured products. Gross margin will continue to rise at a steady pace throughout the years forecasted.

Payroll expenses currently includes income for the two owners. As forecasted, additional employees will be brought aboard as required to keep up with the growing pace of Latheethen Feeds, Inc. Further details are available in our Personnel table (above).

Advertising and marketing expenses (news ads, magazine ads, etc.) are projected to increase as net profits increase and positive results are accomplished as a direct result of the same marketing and advertising. All direct sales and marketing is performed by Dennis. Commissions are not paid to him as a result of a gained customer as he is one of the two major owners of the corporation.

Depreciation forecasted includes normal wear and mechanical tune-ups on trucks, tractors and all equipment in the mill.

Fuel costs are projected to grow as the amount of sales made that require delivery increase. This projected expense includes fuel for the trucks, tractors, etc.

Utilities are projected to increase year to year. The current market prices for utilities will change as the years past. We have prepared for an annual $100 increase.

Insurance: Latheethen’s was quoted an insurance premium of $1,200/monthly, which includes liability, property, theft, fire, and personal insurance. The equipment (Mill machines, vehicles, and tractors) is also included in the monthly premium amount.

Payroll taxes include social security, unemployment and workers compensation, etc. Feed dealers permit and state sales tax license is projected to be paid in one annual installment in the month of January. Latheethen’s anticipates paying sales taxes monthly, and income tax quarterly, as required by law.

All website expenses are listed below, from initial development, to hosting, to account management for our e-commerce transactions.

Boarding Stable: The expensed portion of the barn renovations in year two is shown as an operating expense. The remainder ($125,000) is shown as purchase of new long-term assets in the Cash Flow table, representing the increased value of the property after renovation. 

8.4 Projected Cash Flow

The cash flow projection for Latheethen Feeds, Inc. shows that provisions for ongoing expenses are adequate to meet the needs of the company, as the business generates sufficient cash flow to support operations and future expansions.

Cash flow projections are critical to our success. The monthly cash flow is shown in the illustration, with one bar representing the cash flow per month and the other representing the monthly balance. The annual cash flow figures are included here and in our Cash Flow table. Detailed monthly numbers are included in the Appendix.

Cash Flow shows the purchase of long-term assets as follows:

• $15,000 for a delivery truck
• $125,000 for renovations of the barn to a horse boarding stable, which will improve the value of the property owned by the business

The table also shows the new loans required, and the projected repayment schedules.

8.5 Projected Balance Sheet

The Balance Sheet shows healthy growth of net worth, and strong financial position. The monthly estimates are included in the Appendix. The balance sheet for Latheethen Feeds, Inc. is quite solid. We do not project any trouble meeting our debt obligations. Our management is strong enough and more than capable of keeping the business on track for total repayment of any obligations (loans). 

Our major capital asset (the property and affixed buildings) is valued at about $170,000. Our current assets include all the mill equipment ($71,463) and the tractor ($4,000). These items will be purchased upon funding of the requested loan, for the amount of $100,000.

We (the new owners) will also be paying off some old personal debt that will allow us to lower our monthly personal expenses. This will enable us to work hard at growing the business and not have to worry about taking money out of the company for personal reasons. The payroll amounts forecasted will be more than sufficient to cover our personal income needs.

We will have a solid starting balance in the company account. This will allow us to start the business takeover with a security nest and will allow us to grow our cash balance at a more steady pace.

Our projected balance sheet is presented in the table below.

8.6 Business Ratios

Latheethen Feeds, Inc.’s projected business ratios are provided in the table below.  The final column, Industry Profile, shows significant ratios for the Feed Store Industry, as determined by the Standard Industry Classification (SIC) Index code 5999-0803.

8.7 Long-term Plan

Latheethen Feeds, Inc. is expected to grow at a steady pace. In conversations with other feed owners, this topic is already a common theme. Many feed stores are beginning to experience record breaking growth rates. This is an exciting time to purchase an already established and successful store in this market. As we expand our customer base, offer more products and bring the dreamed of equine boarding stable to life, we will be positioning Latheethen Feeds, Inc. amongst the elite dealers in the state of Michigan.

We will continuously review our business plan as we implement changes. By doing so we will ensure accuracy and stability. Our goal is to take over this great business, protect it, nurture it, and provide for it. Doing these things will enable us to grow and expand the business in a professional atmosphere.

The quickest way to turn a business idea into a business plan

Fill-in-the-blanks and automatic financials make it easy.

No thanks, I prefer writing 40-page documents.

Discover the world’s #1 plan building software

Provincial Planning and Development Office

Bohol Agriculture Master Plan (BAMP) 2006-2026

Download the documents from the links below:

• BAMP volume I
• BAMP volume II
• BAMP volume III
• BAMP volume IV

5 thoughts on “Bohol Agriculture Master Plan (BAMP) 2006-2026”

The links to the BAMP seem to be broken. Do you have any links where I can access the BAMP?

Hi Joseph, thanks for your interest of Bohol’s development plans.

The links to the different volumes of the BAMP are working fine. Perhaps your browser attempts to open the PDF files instead of downloading the file. That would take a while to open, especially if you’re on a slow internet connection because these are huge files. It would be better if you RIGHT-CLICK on a link then choose “Save Link As” or “Save Target As” or anything to that effect, the context menu depends on your browser. This action forces your browser to download the file instead of opening it directly. Actually, downloading or opening the file takes the same amount of time because either way your browser will have to download the file first before opening. It’s just downloading provides you with information on your download progress, while opening does not and it seems like nothing is happening which will lead us to think the link is not working.

I have the same problem with Joseph. Tried saving the files but it didn’t work.

Hi Yan, can you expound what happened when trying to save the files? Did you try the methods I suggested to Joseph in my reply? We want to understand what didn’t work. Did something prevented you from downloading the PDF file? Did the download completed or not? Was the download completed but you are unable to open the PDF? I’ve tried all 4 links myself on different browsers and now from different computers and yet I didn’t have those problems.

The links work very well. Just to say that there is no problem with downloading the files. Maybe its the strength of internet connection of Joseph and Yan that made it difficult for them to download the files as these were quite heavy.

Leave a Comment Cancel reply

• Our Services
• Additional Services
• Free Essays

Gustavo Almeida Correia

Finished Papers

Finished Papers

receive 15% off

Professional essay writing services

• History Category
• Psychology Category
• Informative Category
• Analysis Category
• Business Category
• Economics Category
• Health Category
• Literature Category
• Review Category
• Sociology Category
• Technology Category

Gombos Zoran

Customer Reviews

Eloise Braun