Cashew Nut Farming Business Plan in Nigeria

Cashew Nut Farming Business Plan in Nigeria

It is no secret that cashew nut farming is a very lucrative business. In fact, when you visit several cashew farms, they prefer to allow you to eat the fruit as long as you don’t take away the seeds. This business presents an entrepreneur with so many opportunities.

Also Read: Cashew Nut Processing Business Plan in Nigeria

Nigeria is the sixth biggest producer of cashew nuts in Africa. This statistic shows that there is a huge demand for cashew farmers in Nigeria. Over the last few years, more farmers have begun engaging in cashew nut farming. This has increased the number of nuts sold on the international market.

Despite this fact, there is still an opportunity for new farmers to invest in this business. In this post, we will show you all you need to know about starting your cashew nut farming business in Nigeria. If you are ready, let’s get straight to business.

Sample Cashew Nut Farming Business Plan in Nigeria

This is only a sample business plan so it is abridged. However, it can be used for several purposes such as applying for loans and grants and running your cashew nut farming business. We put together this plan after carefully studying the market.

Company Name: Tom Cashew Nut Farm

Location: Kogi State, Nigeria

Industry: Agriculture and Food Processing

Business description and overview

After careful feasibility studies, Tom Cashew Nut Farm proposes to site its new cashew farm on the outskirts of Kogi State, Nigeria. From this location, we will cultivate our cashew and also process the nuts that will be sold to different parts of the country. We will not only focus on local sales, but we also intend to spread our tentacles into the international market.

Asides cultivating, processing, and selling cashew nuts and its products, we will also offer certain important services. Such services include advisory and consultancy services, logistics, and franchise services. All of these will allow us to meet our revenue goals within the stipulated period.

We do not only seek to generate profits, but we also intend to become one of the biggest competitors on the cashew nut market within and outside Nigeria. To achieve this, we must put ourselves through a lot of work and invest a lot in research and development. Part of our plan is to employ the best hands in the industry who have experience and are high-motivated. We will also invest in the necessary equipment for cashew nut production and processing.

Tom Cashew Nut Farm will site its facility in a region that will be easily accessible to its clients and employees. To this end, the facility will be made conducive to all workers with the required structures made available. We will also focus on our production processes to ensure that they are up to standard and we maintain low costs. This way we will be able to fix the best prices possible to encourage customer patronage and loyalty.

Business vision

Tom Cashew Nut Farm seeks to produce cashew nuts of the best quality that will be processed using quality standards. We also seek to be a leader in the Nigerian cashew market within the first five years of operation.

Business mission

We at Tom Cashew Nut Farm intend to cultivate the best business practices so that we can build a solid structure that will drive the business to be the best producer of cashew nuts on the continent.

Business objectives

Considering the company vision and mission statements, we were able to set out specific objectives for the company. These objectives are stated below:

• To encourage customer satisfaction which will lead to the recycling of patronage as well as referrals and most of all, customer loyalty.
• To attain a net profit of $50,000 with the first five years of operation.
• Boosting the company image and public awareness by ensuring that customers enjoy the best quality.

Keys to success

To ensure that business succeeds, here is a list of factors we have considered implementing.

• Competitive pricing.
• Building customer trust by producing quality products and delivering on time.
• Unique packaging.
• Employing professionals who have experience and are willing to work.
• Ensuring the satisfaction of both customers and employees.

Product and service offerings

Our company will be dedicated to the cultivation and processing of quality cashew nuts and other related products. We desire to create multiple streams of income from our farm which is why we will not focus on cultivation alone. In line with this, here is a list of our products and services:

• Raw cashew nuts.
• Processed and properly packaged cashew nuts.
• Franchise services.
• Storage and logistics.
• Consultancy services.

Competitive advantage

We expect that customer will be more interested in patronizing our brand because of the following:

• High-quality cashew nuts which will among the best on the market.
• The unique packaging of our products.
• Efficient customer care services.
• Fixing of the best possible prices on the market.

This being said, every business must find its competitive advantage to be able to thrive and make profits. To this end, Tom Cashew Nut Farm has carried out detailed research of the Nigerian cashew nut market. After careful considerations, we have been able to discover our competitive advantage which includes:

• The quality of our products and their packaging.
• Auxiliary services such as storage and logistics, consultancy, and training, etc.
• Competitive prices.

Business opportunities that abound in Cashew nut farming

There are so many business opportunities that abound in cashew farming. If you can tap into any of these opportunities, you will make huge profits and become successful. Some of these opportunities include:

1. Food source. Cashew nuts are very healthy for human consumption. They can be eaten as snacks while the fruits can be processed into juice.
2. Production of alcohol. Many alcohol producers the world over make use of cashew as one of the key ingredients for their manufacturing process. This is one of the reasons why you should invest in cashew farming.

A few facts about cashew nuts

There are so many reasons why you should invest in cashew farming. Some of these reasons are embedded in the benefits of cashew nuts. In this section, we will look at a few facts about cashew nuts.

1. They are highly nutritious as they contain 25% carbohydrates, 46% fat, and 21% proteins.
2. Cashew nuts are regarded as premium quality snacks.
3. The shell of the nuts can be used for several purposes including waterproofing, lubricants, paints, and the production of arms.
4. They are very high in calories.
5. Cashew nuts are great for the heart as they contain a lot of monounsaturated fatty acids that are heart-friendly.

Types of cashew nuts

It is important to note at this point that cashew nuts are measured in Kernel Outturn Ratio. This ranges from 30 KOR to 50 KOR. However, there are different varieties of roasted cashew nuts based on sizes and their qualities. The types include:

1. W180 – This is also known as the King of Cashews as they are larger and more expensive than the rest.
2. W210 – Also known as Jumbo nuts. They are pricy as well, even though not as expensive as the W180.
3. W240 – These cashew nuts are fairly large and they are fairly affordable.
4. W320 – They are the most popular on the market and moderately priced. Most orders for cashew nuts are for this grade.
5. W450 – These are the smallest and cheapest of the lot.

Get your Sample Cashew Farming Business Plan in Nigeria and feasibility study. pay N20,000 to:

Bank Name: Guaranty Trust Bank (GTB)

Account Name:  Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your name, email address and “cashew farming business plan” to  07033378184

Starting your cashew nut farm

Here is a guide that you will find helpful when starting your cashew nut farming business. With this guide, you should find the process very easy.

1. Acquiring farmland. Without the land, you pretty much cannot run this business. Find suitable farmland and either purchase or lease it. Make sure that the land suits the requirements for cashew farming before paying for it.
2. After acquiring and preparing the farmland, the next step is planting. We advise that you purchase sprouting seedlings from a reputable nursery. To learn more about planting your cashew, we advise that you seek help from an established farm. You must get it right to avoid unnecessary losses.
3. Harvesting and drying of the nuts. The time of ripening depends on your location. Once you notice that the fruits are beginning to ripen, it is wise to clear the surrounding area. Once they fall, you should pick the nuts within 2 to 3 days. After this, detach the apple from the nut using a sharp knife and dry the nuts on a clean surface.

Storing your nuts

The best way to store cashew nuts is in jute bags. This will ensure that the nuts enjoy the free flow of air. You can place the bags on wooden pallets so that they will enjoy good ventilation. Never place the bags on the floor else they will absorb moisture.

Conclusion

There you have it, all you need to know about cashew nut farming business in Nigeria. With these steps, you should find it easy to run this business. We know that you’ll need a business plan for this so you can reach out to us to help you out at a subsidized fee.

Get your Cashew Farming Business Plan in Nigeria and feasibility study. pay N20,000 to:

Bank Name: Guaranty Trust Bank (GTB)

Account Name:  Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your name, email address and “cashew nut processing business plan pdf, ” to  07033378184

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