Integrated Agribusiness Business Plans / Feasibility study/ Project

CHRIS FARM Integrated Agribusiness is a start-up integrated agribusiness involved in production of quality and affordable poultry meat and egg, live, grilled and dried catfish, maize and their derivatives targeting consumers in northcentral Nigeria. We are located in Wuse II, Garki, FCT Abuja.

Company

CHRIS FARM Integrated Agribusiness is established as a limited liability company owned by Dayo Adetiloye, Adejumobi Oyebade, and other investors.  The farm is managed and directed by Adejumobi Oyebade, a veteran in the Agric. industry with over 8 years’ experience and Dayo Adetiloye, an experienced Agro-allied specialist and business consultant with over 15 years’ experience.

VISION

To be among the first 3 largest Integrated Agribusiness in north-central Nigeria by 2019.

MISSION

• To give our customer the very best products and customer service so that we earn their trust and ensure continued future transactions.
• To provide an excellent, top-notch and inviting environment for our product processing, wholesaling and retailing.

OBJECTIVES

• Increase revenue from the sales of egg, broiler meat and fish to N30,000,000 over 2 years.
• To maintain profit margins at 20-25% through close attention to expenses and cost of production especially poultry.
• To drive awareness and build sales through mentions in both local print and digital media.
• Attract customers and clients to our bespoke processing services by making them aware of additional market opportunities from our retail sales.

KEYS TO SUCCESS

1. Financial stability for purchase of feed.
2. Low operating cost.
3. Integrated agricultural system
4. Expertise and experience of our management team
5. Having a good retail location in a high-shopping area.
6. Hygienic and neat processing facility.
7. Closeness to a stream with ample usable water for fish production.
8. Quality processed products and good relationships with vendors.
9. Outstanding customer service and faster processing duration.

Products and Service

CHRIS FARM Integrated Agribusiness has 3 categories of products including

1. Poultry products, including poultry egg, chickens and poultry litter waste.
2. African Catfish: Live matured fish, grilled fish, dried fish,
3. Yellow maize, basically dried but integrated into feed production mainly

For both animal products, we offer Kill–‐Cut–‐Wrap–‐Freeze (KCWF) services (e.g., traditional cuts in paper or cryovac packaging). Our eggs are hygienic, rich in protein and of high quality.

We produce, process and package to meet standard organization of Nigeria and international standard.

Market

Due to Nigeria’s high population growth in and growing income, the demand for eggs and poultry meat has continued to increase significantly. This also has been the case for Catfish production too. As more Nigerians enter the middle class, demand for animal protein has been on the increase. According to estimates by the USAID (United States Agency for International Development), this trend is very likely to continue over the next few years. The Nigerian poultry cum aquaculture industry has been rapidly expanding in recent years and is therefore the most commercialized (capitalized) sub-sectors of Nigerian agriculture contributing more than a combined 35% to the nations GDP in 2016 alone.

Competition

Competitors for CHRIS FARM Integrated Agribusiness are Choice Farms, Best Foods Global, Meat World Foods, Chi Farms, Obasanjo Farms

CHRIS FARM Integrated Agribusiness will establish its competitive edge through the expertise of its founders.

Management Team

OYEBADE Adejumobi Ademola (B. Agric.; Animal Sciences) – is highly knowledgeable in the Agribusiness. He has over 7 years’ experience in the industry. He has attended training and organized workshops and is a highly respected authority in animal production and marketing. He graduated with honours from the prestigious Obafemi Awolowo University, Ile-Ife. He is a Project Management Professional and certified Business Consultant. He will be in-charge of day to day activities of the business.

Mr Dayo ADETILOYE (B. Agric., MBA, and PMP) –  He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.

We will manage the business to profitability by strategic production, marketing and sales.  We will provide quality assurance in the business by always improving on our products quality and ensuring excellent services delivery at all times. We will ensure proficiency by employing more people with production, marketing specialties, etc.

Financial Considerations

CHRIS FARM Integrated Agribusiness seeks N5 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital.
Funding for the launch of the business is provided primarily by equity from the partners and investors.
The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners.  Revenue will top N14,500,000 and profit will reach about N3,843,950 in the 1st year of operation.