Rice Farming / Processing Business Plan in Nigeria / Feasibility Study
The percentage of agriculture in Nigeria is the largest sector. A country cannot survive without agriculture. Food is basic to man and rice is one of the most important food in Nigeria and countries like China, North Korea, Indonesia etc.
Rice is the third most popular crop after maize and every household cannot do without rice. Rice is highly demanded during occasions and festive period, there are families that cannot do without rice in a week. Rice is a valuable commodity for anyone thinking of going into agricultural business, this because it’s demand is not seasonal.
Rice production promises a better profit and business for any business man/woman just so long as you know the rules of how it is done. Nigeria citizens consume about six million tons of rice every year. Local production of rice is not able to satisfy it’s ever increasing demand of rice, so the Government imports 1.8million tons of rice every year.
The best time for rice planting is mid March to mid April. Rice planting and harvest can be done within 4 months. The rice is ready for harvest when it changes it color from green to brown.
There are certain factors to consider when going into rice farming, they include :
Unlike other farm products, Rice requires swampy land with a lot of water. Rice can grow in any land but it grows well in swampy land. That is why farmers take their time to do some serious irrigation before planting rice. When looking for land to grow rice, make sure you look for swampy land. Incase you cannot get swampy land, look for a land that won’t cost you much when you use tractor on it and channel water for proper irrigation
This is very important, make sure you select healthy rice seed so that it can grow well immediately it hits the ground. Indiscriminate selection of rice seed leads to poor harvest and low returns.
Rice takes four months to be ready for harvest. After four months, get a hauling mill to separate the rice from the haul. It requires separating the rice from the haul and blowing the haul away.
This process is required before packing the rice for distribution
Sun dry the rice
You need to sun dry the rice to make it easy for hauling. Place the rice directly under the sun for it to dry. You can do this for 3-4 days and ensure that the moisture is dried.
This can be done by putting the rice in a branded bag of the producer depending on what the business owner wants. The branded bag should contain office address, phone number, name of company. This helps customers to reach you easily and makes your product unique.
This involves getting information on the production of rice by attending seminars/workshop.
No business can succeed without a plan, it is important to carry out a business plan and consider factors like:
Capital: How much do I need to start this business. The capital for starting rice business is very expensive, it runs to millions of naira but loans can be gotten from government. You consider getting loans if you don’t have it.
Clients: where can I find customers. Customers are everywhere. You can look into the local market, restaurants and get their contact.
Site/location: where do I locate my farm? As we have discussed. It should be located in a swampy land.
Type of rice to produce
Every state has chosen the right type of rice depending on their land, climate and weather conditions. Below is example of states and their different rice type:
Ebonyi state: Ebonyi rice
Kano state: UMZA rice
Ogun state: Prada rice
Niger state: Mama happy rice
Anambra state : Anambra rice
Ekiti state: Igbemo rice
Goals for the year
Methods of planting
There are two methods of planting:
Direct seeding : This can be done by broadcasting. Dividing your land by 50-100 square meters each and construct small bunds. The disadvantage of this method is weed, you can use herbicides to illuminate them.
Nursery method: put seeds places in gunny bags in water for 24hours. After soaking, put the gunny bags in shade and sprinkle water over the seed and turn bags from side to side at least three times a day. After 48 hours it is ready, drain water from it and apply fertilizer .
Challenges of rice production
Pest, rodents, insects, birds.
You can apply insecticide, herbicides, and you can employ someone to manually scare the birds away.
Right rice seed – This determines the outcome, getting good rice seed is not easy. If you get the right seed, here are the benefits :
Decreased weed problems
Improved yield by 10-20%
Produce consistent rice seed size
Increased rice resistance to pest
We need swampy land, getting it is not easy and also the cost of irrigation if you get a dry land
The cost is expensive and when you get a loan, it is important to pay it at the agreed time.
Cost of rice
Foreign rice is less expensive than local rice. It is important that you work harder to make profit.
Benefits of rice production
Rice is highly demanded by every household, like we earlier said most families cannot do without rice per week and some families make it a must to eat rice every Sunday. Rice is highly demand on festive period and occasions.
Period of harvest
It takes four months between planting and harvest. So you will quickly make profit.
You can get at least 100 bags of rice from one acre of land.
You don’t need to be an expert to become a business man in it. Just few months of training you are good to go.
High return on investment and market stability.
The farmer can consume his/her product. Here, money for personal purchase is saved.
This Rice Farming / Processing Business plan can be used to access bank loans, proposal writing and grant applications. The business plan was complied after a thorough feasibility study on Rice farming business in Nigeria was done.
RICE FARMING AND PROCESSING BUSINESS PLAN IN NIGERIA. To place an order, pay N10,000 to
GTBANK (Guaranty Trust Bank)
ACCOUNT NAME – UWADIA EYEMEKA
ACCOUNT NO. – 0127561472
After payment text your name, your e-mail address and bank teller number to 07036785443 and you’ll receive your RICE FARMING BUSINESS PLAN IN NIGERIA / FEASIBILITY STUDY