Feasibility study of an agricultural Project There are many ways that you can engage in non-farming farming as you start with an understanding of the value chain. Let’s take a look at each stage in the value chain so we’ll talk about the feasibility study of a cultivation project
Feasibility study of an agricultural project
- Input producers: There can be no agricultural revolution without input producers. These inputs could come in the form of improved seed technology, fertilizers, and machinery used on the farm. Farmers can achieve a greater return from the growing season when they adopt these inputs
Farmers: They are the focus of agriculture because they are responsible for locating arable land, determining suitable soil texture, plowing the land, sowing seeds, and monitoring until harvest time.
Agriculture / Storage Dealers: It is important to have shoppers before harvest and also store the crops properly after harvesting otherwise they will be prone to rot. This is where the farming/warehousing dealers come in. An agricultural product trader is an individual or company that deals in buying and selling of agricultural products. They will store agricultural products under the right conditions until ready for distribution to the wholesaler, retailer or end consumer. The agricultural merchant can also buy agricultural inputs such as fertilizers, pesticides, herbicides, and farm tools and sell them to the farmers.
Agricultural treatments: After the crops are harvested, they must be processed for human consumption. For example, after harvesting cassava, agro-processors are responsible for processing it into my jari, cassava flour, animal fodder, etc. More profits can be made after harvesting and processing the crops than just harvesting and selling.
Industrial manufacturers: Responsible for the manufacture, design, and repair of agricultural equipment such as pruners, harvesters, cutters, hydraulics, etc.
Distribution and exports: It focuses more on logistics. The farm products are properly stacked and distributed to wholesalers, retailers, or consumers in different parts of the country or in the case of export, and the product is transported to the point where it can be transported either by air or sea to different countries of the world.
As an exporter of agricultural products, you will need to obtain the correct license, decide on the agricultural products required which you can export, and finally, acquire the right partners/companies that will need your product.
Each stage in the value chain is important and interdependent; And also each stage is profitable. You will need to do your own feasibility study, pinpoint the stage that interests you, and gain the right knowledge in order to be successful, especially as you approach this value chain as an agricultural entrepreneur.
How to be a successful entrepreneur in agriculture
The same rule of entrepreneurship applies in every sector. Here are the ways to be successful in farming or any other job.
- Know the reason for your mission: There are many industries that you could have chosen, but why agriculture? In an industry that is not easily recognized as a witch, it is only important that you ask yourself this question.
Once you understand your “why”, it will be easier for you to overcome the first hurdles as an agricultural entrepreneur.
It will be easier to do the hard work so you can reap the big rewards. You will be able to see clearly that planting is not:
New Oil – But your contribution could save the world from hunger.
MMM – But you have to be successful when you help enough people get what they want: food
Quick fix – but with hard work and smart work, you’ll make a good profit.
- Understanding the sector: This is the first step to being successful in any business. To be successful in farming (this plays a powerful impact regardless of where you are in the value chain), you need to know:
What crops are grown, when and in which part of the country is there a great demand for this crop and what are the factors that can affect this crop? How much will I need to invest and how much profit will I make? How many times can this crop be sown in a year What are the diseases that affect this crop?
3. Get a mentor: You can get a mentor even in farming.
Your teacher, who has already achieved what you want to achieve, will be able to guide you every step of the way. He might be able to connect you with the right people and even take a step further by introducing you to people in their network.
- Learning: By belonging to the community and practicing what you learn, make your learning meaningful that becomes your identity.
We cannot finish this post without informing you of the easiest way to become an agricultural entrepreneur. It takes only five minutes to become an agricultural entrepreneur with us.
First Step: Register here to be a follower of the farm. You will be able to follow any of our farms including cassava farm, soybean farm, rice farm, corn farm, etc.
Second Step: Start receiving regular farm updates detailing the progress of our different farming courses. You will also receive helpful newsletters where we highlight the best trends and articles on farming; You will also be the first to know when we have new farms to take care of.