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Feasibility study of poultry

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Agriculture is a most widespread form of human activity and it is more basis than only industry. Agriculture provides a livelihood for more than three-quarters of the human race. It yields fibres and raw materials for the factories on which a large portion of the remaining people depend. The crops the farmer grows, the farmer gets his food, that of his family and the
society at large.

Crops have been raised since the earliest time and they are still being grown.

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The soil carefully maintained is a flow resources that is renewable and can even improved. Crop yields have been increased many times to meet the demands of the swelling population. The major food crops include price, Maize, Cassava, Yam and Banana. The main cash crops include cocoa, kolanut, Rubber, Palm Oil and Palm kernels. xxx State is one of the largest produces of kolanut in the country and produces Timber as well as Rubber on a large scale. However, almost 20% of xxx State total area is constituted of forest reserve suitable for agricultural products.

xxx state is a state in South-west Nigeria. It borders Lagos state to the south, Oyo and Osun states to the North, Ondo state to the east and the republic of Benin to the west. Abeokuta is the capital and largest city in the state. xxx state covers an area of about 16,000 Sq Kilometres and has fairly large population of about 2.7million people indicating a potential market.

In the years to come xxx State to a large extent would have been deriving most of her wealth from agricultural production if this paper is being approved. The need for this study arose from observation of the current low agricultural production levels in the state.

Product
This feasibility study explores the possibility of achieving large agricultural produce for consumptions and revenue generation by a typical cash crop like cassava as the selected product.
Cassava is a very versatile commodity with numerous uses and each component would be valuable to the society generally i.e. the leaves may be consumed as vegetable or cooked as soup ingredient or even use to feed the livestock as a protein supplement.

The stem could be used for plant propagation and grafting. The roots are typically processed for human and industrial consumption.
There are numerous uses of Cassava in human consumption and industrial use. In the south west area of Nigeria, they are usually made into food produce
like Gari, Flour (Lafun), Fufu, Chips etc
In other to be able to produce Cassava in large quantities, Large areas of farm Land is required. The time horizon from the time of planting cassava to the time of marketing is all round the year i.e. Raining season and Dry season (through irrigation Dam). The typical chain of Cassava products is from planting. Harvesting, processing and Marketing. In which a number of people and/or organization can be involved in a typical supply cham.

Production Equipments
Tractors
Planters
Harrowing
Harvesters e.t.c

Production Methods
The methods of production will involve mechanization and manual methods. The reason is that in mechanization the machine play enormous role in the production process. This will be complimented by the workers so as to perfect the production process and to avoid destruction of the crops.

The production of the Cassava would depend on the capacity of the equipments and the methodology. The following points are significance in the production efficiency.
-The firm will commence operation with normal capacity.
-The equipment will be put in good condition
-the strategy should be put in place to export the Cassava.

Market And Marketing Plan
The market potentialities of cassava can be seen from the fact that no house in Nigeria is without the consumption of cassava. Thus the demand for cassava would be greater than supply. The self distribution and other effective marketing strategies live integration could be pencilled down in order to meet the targeted market share.

The chain of marketing Cassava products
Market feasibility
Industry Description
Industry competitiveness
The Chain of Marketing Cassava Products

Market Feasibility
Why xxxx state? xxxx state has an extensive fertile soil, suitable for agricultural and mineral deposits. The climate and soil of the state are suitable for the cultivation of a wide range of crops and ideal for the growth of the main cash and food crops such as cassava. Its natural resources, manpower and geographical proximity to Lagos and Oyo states make it a potential industrial zone to the nation.

The state has enormous industrial potentials. It has extensive lime stone deposit which is an ideal raw material for development of land. Production levels can be substantially increased if there is availability of land.

Outlined below are key areas of opportunities and challenges to the development of agriculture in xxxx state:

Strengths

Weaknesses
Favourable ecological and climate conditions
Land availability constraint
Fairly large population
Continuous migration of workforce to neighbouring states
Educationally advanced state
Lack of adequate government support
Close proximity to more investor friendly towns
Lack of investment in agriculture

Industry Description

The farming industry in xxx state is characterised by many rural farmers cultivating less than two hectares of farm lands, use rudimentary tools and lack access to processing machines. Lack of appropriate storage facilities prohibits to a great extent the ability to accumulate produce till it becomes a batch that is sufficiently large and attractive to enter a supply chain.

Many of these farmers lack proper organizations and facilities for product quality evaluation and are therefore difficult to include in international food chains. In the international context much agricultural produce from developing countries finds it difficult to enter today’s international market due to the set quality requirements. Agricultural produce largely remains on the farm or goes to nearby local markets.

Industry Competitiveness

As the farming industry is characterised by many small scale farmers, majority of the farmers can be said to operate on scales that could be considered economically non-viable. They cannot compete with farmers operating on larger scales and in mechanised environments.

In addition, the farmers are unable to analyse effectively the cost/benefit from their activities relative to when operating in a mechanised environment.

Market Demand Potentials
An average human being can not do without cassava and it is through mechanized farming that society, Household and industries can get. It is abundant other marketing strategies. Advertisement of the products

Remuneration in form of discount to the customers/consumers and distributors Production of quality cassava produces
Usage of other promotional activities like publicity, personal selling and sales promotion. Management and Manpower
The Success or failure of any organization depend on the effectiveness and efficiency of the staff Qualified and dedicational vision, Mission, Goals and Objectives effectively. The organogram of this firm is as follow:

Cash Flow Projections

YEAR 1
YEAR2
YEAR3
YEAR 4
YEAR 5
Inflows
N000
N000
N000
N000
N000
Sales
5000
6000
7000
8000
9000
Other Income
1000
2000
3000
4000
5000
6000 800010,000 12,000 14,000

YEAR 1
YEAR2
YEAR3
YEAR 4
YEAR 5
Inflows
N000
N000
N000
N000
N000
Fixed Assets
5000



10,000
Raw Materials
200
300
400
500
1000
General Expenses
400
200
300
400
800
Loan Repayment



10,000

Maintenance
200
200
200
300
400
2% Depreciation
100
100
100
100
300
Rent and lease
10,000




2% Interst on Loan
200
200
200
200
200
5% Income Taxation
300
400
500
600
700
16,400 1,4001,700 12,100 13,400

Investment in Land

By xxx state providing the appropriate investment in land, I will bring about an increase in agricultural development through providing an enabling environment for mechanised farming as well as the investment infrastructure required for large scale mechanised farming. In addition, bring to xxx state modern farming techniques and farming equipment. This will help achieve economies of scale thereby resulting in cheaper farm produce. In addition, employment opportunities will be created for xxx state indigenes.

Acquiring the appropriate land also facilitates the opportunity to work with farmers, agricultural entrepreneurs, consumers and the general public to develop profitable and environmentally responsible farm enterprises.

Impact on farmers:
Maximise their potential
Lifestyle improvement due to increased income
Generating commercial activities

Impact on local communities:
Availability of variety and cheaper agricultural produce
Creation of jobs
Income generation for those in the supply chain
Increased business activities due to supply chain

Impact on xxx state government:
Revenue generation by way of taxes from commercial activities Increased investment activities
Improved public perception

Conclusion

Agricultural production in xxx state is not very productive per unit of land and unit of labour. It is constrained by lack of access to land, lack of infrastructure, poor technology, and on top of that it suffers from marketing constraints. Developing an agricultural produce that is attractive for local or international markets requires quality/price ratios that are competitive.

To achieve quality/price ratios that are competitive, economies of scale must be achieved. Unavailability of large farm lands makes it impossible to achieve economies of scale. Acquiring adequate farm lands leads to increased agricultural produce, enhanced food creation and profit realisation.

Cite this Feasibility study of poultry

Feasibility study of poultry. (2016, Jul 05). Retrieved from https://graduateway.com/feasibility-study-of-poultry/

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