Sweet Potato Farming/Business Plans and Feasibility Study

Sweet Potato Farming/Business Plans and Feasibility Study
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Sweet Potato Farming/Business Plans and Feasibility Study

Sweet Potato Farming/Business Plans and Feasibility Study is only what you need to get that fund. As a matter of facts, this is a free guide on Sweet Potato Farming, Business Plans and Feasibility Study. The demand for sweet potatoes is increasing every day. Likewise, more peopling are willingly to go into the sweet potatoes business. The major propeller  to this increase in demand is increase in the population of the country. Secondly, Sweet potato is more affordable than any other tubers such as Irish potato, yam etc. Thirdly, sweet potatoes has added a lot of valve chains in the market. It is now used in production of flour, chips, crips and other new innovative measure in cooking.
Sweet Potato Farming/Business Plans and Feasibility Study


Growing sweet potatoes

As a matter of facts, sweet potatoes grows well in the tropical regions, making it a tropical creeping crop. Unlike Irish potato that grows well only on temperate region. Sweet potato can grow both in the temperate and tropical regions. Likewise, Planting is between March-April. During early rains but can also be planted with irrigation during dry season October November and late rains August-September. Sweet potato farming needs annual rainfall of 750-1000mm and a temperature of 24°C for optimum growth in must region.


Varieties of Sweet Potatoes

There are over 400 varieties in the world but you have to plant the one that is widely eaten in your locality. Find out from those who are into sweet potato farming in your area first. This will enable you know the right one to plant. 

Locations where Sweet Potatoes are planted more in Nigeria 

Sweet Potatoes are planted more in state like; Benue, Kogi, Plateau (Bui), Taraba (Mambilla Plateau) and Borno in large quantities. Others are Zamfara, Bauchi, Katsina, Gombe, Sokoto, Jigawa, Kano and Kebbi although most of them is through irrigation.


Sweet Potatoes Land Preparation 

  • Plough the land and loosen them up for aeration and water penetration. Use glyphosate with paraqat on the land and allow it for 2 weeks before planting in other to suppress the effect of the drugs. Make good ridges or beds for planting it is advisable to cultivate sweet potato on bed for proper tuberization. Give 1m spacing between the field an any adjourning farmland to prevent rodents feeding on the tubers.
  • It can grow in a wide variety of land, however for optimum yield use sandy loam soil rich in organic matter. Whereby the land is short of nutrient you can add manure when preparing the land. A PH of 5.5-6.5 is ideal for optimum growth.
Sweet Potato Farming/Business Plans and Feasibility Study

Planting of Sweet Potatoes

  • Sweet potato is planted from stem and vines cuttings from the parent plant. The vine cutting should be between 20-30cm in length with about 2-3 nodes in each vine. Sow the vine below the soil 4-6cm deep while leaving part of it above the soil. Spacing 25-30cm on ridges; 60-75cm apart. Depending on the spacing distance you can plant up 27,000-50,000 vine cuttings in a hectare. And 11,000 vine cuttings in an acre.
  • Sweet potato growing can be done in sack bag, container and bucket. It makes movement around the farm easy and for proper management.

WEEDING/FERTILIZATION

Weeding should be done very early after planting so that the sweet potato young plants will not have any competitor, maybe 2 weeks after planting then another 2 weeks after. But as the plant crawls and cover the soil weed will not be able to germinate well.

Potato farming can be done purely on organic manure, however if you must use inorganic fertilizer then use NPK 10:10:20.

IRRIGATION/MULCHING IN SWEET POTATO FARMING

Mulch the young plant after germination in other to conserve moisture and allow for proper root formation. It can tolerate drought for sometimes but when it becomes too long maybe up to 6 weeks their yield will reduce.

VARIETIES

Sweet Potato variety differs in colour; some are brownish-yellow, others reddish-purple and another group whitish. They also differ in leave shape, time of maturity, depth of rooting and resistance to diseases. Hybrid sweet potatoes are very resistant to pest and diseases, offer good yield and early maturity.

HERE ARE A FEW HYBRID VARIETIES


  • TIS164
  • OLUKOTA: good for flour because it contain weight of dry matter good such
  • NSRP/05/20: produce a very high yield due to their numerous branching

INTER CROPPING IN SWEET POTATO FARMING

Potato can be inter crop with maize or guinea corn especially if you are planting on ridges or mounds.


PEST/DISEASE CONTROL

The major pest that attacks sweet potato is weevils; while the adult feeds on leaves and stem causing thickening and cracking of the vines; the larva bores into the storage roots producing bitter substance.

Aphids and white flies (viral disease) causes dwarfing, yellowing of vines in young leaves and excessive branching.

HARVEST/YIELD

Sweet potato matures between 3-4 months; the white variety matures fast within 3 months. While the popular variety matures within 4 months. Harvest sweet potato when the leaves turn yellow in colour. Use spade, hand fork, pick axe to dig the tubers out from the soil and be careful not to damage the tubers because it won’t stay long.

The Yield of sweet potatoes depends on:


  • The soil type used
  • Climate condition
  • Variety used
  • Management practice.
  • A hectare will give between 6-20 tonnes. An acre can yield about 50 big bags.

Sweet Potato Storage 


After harvesting potatoes keep them for about 2 weeks to cure before storing in a cold dry place. However it shouldn't be too long in other not to tie down your money unnecessarily.

Marketing of Sweet Potatoes

Sell to market traders who are waiting for the potatoes. Others are livestock farmers, flour producers and food industries. You can add value to it by setting up your own flour mill company where you can be processing the potatoes into powder. It will give you more money than selling whole.

WHY YOU SHOULD START SWEET POTATO FARMING

  • Potato is a low risk crop
  • More than 100 tubers can be gotten from one stand
  • It is not costly to set up potato plantation
  • Very easy to manage because it is a creeping crop and will suppress weed growth
  • Potato farming can be done in sack and containers
  • They mature fast between 3-4 months, meaning you can lease land for potato cultivation if you don’t have one.
  • Highly profitable

PROFITABILITY IN SWEET POTATOES FARMING

As a matter of facts, Sweet potato farming is very lucrative. Assuming you planted a hectare and gotten 250 bags. A bag of sweet potato goes for #7,000 depending on location. Lets see you sold yours #7,000. So 250×7000= 1,750,000. The expenses for the planting is very little.

HEALTH /IMPORTANCE OF SWEET POTATO


  • Sweet potato is a good source of excellent fibre
  • It can prevent cancer
  • Contains vitamins E, B6 and C
  • Sweet potato is good for heart
  • Controls blood sugar due to low glycemic index
  • It helps in relieving stress and good in digestion
  • Sweet potato has strong Immunity and anti-inflammatory properties which are very good to the body.
  • Used for boiling, frying and mashing for baking and salads.

Similarly, Apart from being a staple crop, potato is also a good source of raw materials for the manufacturing of wide range of industrial products including starch, liquid glucose, ethanol, and can also be used as a substitute for wheat flour in bread production. It can be grown for livestock feeds (fodder)

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Chris Farm Nigeria develops well self-explanatory, irresistible feasibility studies or business plan for your Business start ups, Business Growth or Expansions through either personal funds, Grants, or loans, which could be new or existing ones. We delight in writing for people under Academic sectors, production sectors, manufacturing sectors, processing or packing sectors, advertising sectors, marketing sectors and other related sectors on mini, middle and large scale businesses.
For your Agribusiness, either production, processing, marketing of any Agro-industry, our feasibility studies or business plan are explicit.

Generally, our feasibility study and business plans are developed so well that it becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are expected to see when you put the feasibility study or business plans into use. It also shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output, and how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. This will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. With that, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.


You can use this format in developing your own business Plans and feasibility Study

OUR TABLE OF CONTENT INCLUDE;

  • SECTION I – EXECUTIVE SUMMARY
  • NAME OF BUSINESS / COMPANY
  • OFFICE & SITE LOCATION
  • MOTIVATION
  • MISSION STATEMENT
  • SOCIAL/ECONOMIC VALUE
  • PROJECT STATUS & START UP
  • WHY PREPARE THIS BUSINESS PLAN?
  • SECURITIES FOR THE PROPOSED LOAN
  • REPAYMENT
  • SECTION II – STUDY AREA
  • STUDY AREA
  • COMPANY OVERVIEW
  • MANAGEMENT TEAM
  • DEPARTMENTS IN THE COMPANY
  • EXPERIENCE
  • MANAGEMENT TEAM GAPS
  • SECTION III – INDUSTRY ANALYSIS
  • DEFINING YOUR INDUSTRY
  • YOUR INDUSTRY SIZE GROWTH RATE AND SALES PROJECTIONS
  • INDUSTRY STRUCTURE
  • MARKET OVERVIEW
  • MARKET SEGMENTATION
  • RELEVANT MARKET SIZE
  • KEY SUCCESS FACTORS
  • LONG TERM PROSPECTIVE
  • MARKET CHARACTERISTICS
  • SAMPLING TECHNIQUE
  • SECTION IV – CUSTOMER ANALYSIS
  • TARGET CUSTOMERS
  • CUSTOMER NEEDS
  • MARKET NEEDS / SOCIAL PROBLEMS AND SOLUTIONS
  • BUYERS BEHAVIOUR
  • MARKET SHARE
  • SALES FORECASTING
  • SECTION V – COMPETITIVE ANALYSIS
  • DIRECT COMPETITORS
  • COMPETITIVE ADVANTAGES
  • SECTION VI – MARKETING PLAN
  • PRODUCTS & SERVICES
  • FINISHED PRODUCTS
  • PRODUCT QUALITY AND PRODUCTION QUANTITY
  • PRODUCTION CAPACITY
  • PRICING
  • PROMOTIONS PLAN
  • DISTRIBUTION PLAN
  • SECTION VII – OPERATIONS PLAN
  • GENERAL APPROACH TO PRODUCTION
  • TECHNICAL ANALYSIS / PRODUCTION PROCESS
  • EQUIPMENT
  • PACKAGING REQUIREMENTS
  • SECTION VIII – FINANCIAL PLAN
  • REVENUE MODEL
  • FINANCIAL ANALYSIS
  • FINANCIAL ASSUMPTIONS
  • FINANCE CHARGES
  • FINANCIAL PROJECTIONS
  • FUNDING REQUIREMENTS/USE OF FUNDS
  • CRITICAL ASSUMPTIONS



  • FINANCIAL MODELS
  • SUMMARY OF PROJECT COST
  • BUDGET OF FIXED ASSETS / CAPITAL EXPENSES / INVESTMENTS
  • DEPRECIATION
  • UTILITIES
  • OPERATING EXPENSES (OPEX)
  • TOTAL REQUIRED INVESTMENT OUTLAY (REQUIRED START-UP CAPITAL)
  • FINANCING PLAN
  • INSTALLED / AVAILABLE EQUIPMENT
  • BREAK-EVEN ANALYSIS
  • LOAN REPAYMENT SCHEDULE AND INTEREST PAID
  • FORECAST OF PROFIT AND LOSS
  • CASH FLOW
  • BALANCE SHEET
  • GENERAL ASSUMPTIONS (BREAK EVEN ANALYSIS)
  • BUSINESS RATIOS - PROFITABILITY ANALYSIS
  • CONCLUSION
  • SECTION 3 – APPENDIX

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·         NOTE; According to our policy, we are not “allowed / permitted” to disclose peoples business or written feasibility study, “to anyone”, irrespective of their personality.

·        BUT, WE are permitted to display only executive summary.
·         This is just a sample of our executive summary on poultry feasibility study and business plan, carried out in Rivers State. 

·         1st sample;

These Feasibility study on poultry farming business (specializing on layers and boilers production), was conducted using projections, impressive publications, compounding interest/values, tables, graph, bar chart, pie chart, profits analysis and cash flow positions in other to give a clear picture of what is obtainable in that location, using eight plots of land, at Esemdiary village, Off Effurun Sapele Road, Okpe LGA of Delta state, Nigeria as a case study. 

Esemdiary village is a community in Okpe Local Government Area of Delta State with coordinates 05°26’N 5°57’E, which also plays the host community to the Warri Airport, which is actually located at Osubi. 

Okpe Local Government is a territory that used to be part of the original Okpe Kingdom, its headquarters is at Orerokpe, with a population of 128,398 people whose primary occupations include commercial farming, fishing, hunting, trading and gas exploration. 

After carrying out the feasibility study on Esemdiary village, Off Effurun-Sapele Road, Okpe LGA of Delta state, Nigeria, it was discovered that, farming generally will do well both on crop and animal production.

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