Potato Farming Business Plan in Nigeria

There is a constant rise in the demand for potatoes in Nigeria and even outside the country. This implies that there is enough room for farmers who want to invest in the potato farming business in Nigeria.

Also Read: Business Plan for Wheat Production in Nigeria

Truth be told, many people are recognizing the opportunities that abound in this sector and are starting up. However, the demand is so high and continually increasing that more hands are required.

Potatoes are not as expensive as other tubers which is why the average Nigerian prefers potatoes. Asides this, there are so many dishes that can be made from potatoes. While there are over 400 varieties known worldwide, it is best to find out the one that thrives well in your region.

In this post, we will teach you how to start a potato farming business in Nigeria. Before we do, let’s share a sample business plan for this business with you.

Sample Potato Farming in Nigeria Business Plan

Please note that since this is a sample, we will only share an abridged version with you. However, you can tweak this to suit your grant application, loan application, and even competitions. If you will like the full business plan, you can reach out to us. We will prepare one for you at a subsidized rate.

Now, let’s take a look at the sample business plan for potato farming in Nigeria.

Company Name: Popo Farms Nigeria

Company Location: Plateau State, Nigeria

Industry: Agriculture and food processing

Company Description/Overview

Popo Farms Nigeria is a standard farm that will be sited in Jos, Plateau State, Nigeria. Our farm will focus on the cultivation of potatoes (Irish and Sweet potatoes). We also intend to dive into the processing of the potatoes to produce potato flakes and French fries among other products.

Our products will be of the highest quality possible and will be used for several delicacies depending on the need of the customer. We expect that customers will be able to use our potatoes to make potato pancakes, mashed potatoes, potato salad, and potato soup.

Also Read: Poultry Farming Business Plan in Nigeria

One of our additional products will be potato seedlings of very high quality intended to meet international standards. These seedlings will be sold to farmers who need seedlings for re-planting purposes. We plan to invest in all the enabling components that will ensure that our farm attains sustainability within the shortest possible time.

To this end, we have acquired a 1000-hectare piece of land on the outskirts of Jos. We will begin with 10 hectares first and gradually grow from here. Part of the land will be used as a processing station while another part will be used as a storage facility.

Company vision

Popo Farms Nigeria has the vision to become one of the top potato farms and processing outfits in Nigeria in the next 5 years.

Company mission

The mission of Popo Farms Nigeria is to grow to the point where we can meet the demand of a major part of the local and international market.

Business objectives

To produce a minimum of 400,000 tons of top quality, healthy potatoes at the end of the first year.
Paying close attention to cost and expenses to ensure that we maintain a profit margin of about 20% to 25% per annum.
Grow to the point where we can supply potatoes to customers within and outside Nigeria at the best prices possible.
Ensure that within the first two years of operation, our farm becomes sustainable and can survive on its cash flow.
Ensure that the processing facility can produce potato flakes and French fries of about 50,000 tons at the end of the first year.

Key to success

After careful research, we have come up with these keys to success. We believe that with these, our business will grow very quickly and we will be able to attain our set objectives within the stipulated timeframe.

Efficient processing techniques matched with low overhead costs.
Setting up an efficient distribution and marketing team made up of highly motivated and experienced professionals.
Maintaining hygiene and safety on the farm and in the processing facility.
Acquiring the necessary licenses for operation as required by the government.
Ensure consistency in product processing and packaging.

Description of Products and Services

Our farm is dedicated to providing its customers with the best quality potatoes money can buy along with its subsidiary products. We will be producing for both the local and international markets. To this end, here is a list of our products and services:

Fresh potatoes that will be cultivated and packaged for sale on the farm.
French fries, potato flakes, potato powder, and other processed products.
Leasing of equipment.
Storage facilities and logistics.
Supply of healthy seedlings to farmers.
Consultancy services.

As we mentioned earlier, this is only an abridged version of the business plan. You can reach out to us to get the full version at a subsidized price. We can also help write a customized plan for your business.

If you need the full sample Potato Farming Business Plan in Nigeria, pay N20,000 to:

Bank Name: Guaranty Trust Bank (GTB)

Account Name: Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your full name, email address and topic (e.g. potato farming business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

How to start a potato farming business in Nigeria

By now, you must be wondering how you can start your potato farm. It is not a difficult process and it does not require so much capital. Potato farming is one of the easiest agricultural businesses to start.

You can start with very little capital and grow to become a stalwart in the business. It all depends on your management practices. In this section, we will look at how to start this business. The aim of this is to ensure that you succeed in this business.

Feasibility study and business plan

Most businesses don’t even have any of these documents and the ones that do, only invest in one. The truth is that though both documents aren’t similar, they work hand-in-hand. They are both very important to your business.

A feasibility study gives you a clear picture of the industry and its processes. It also shows you the kind of problems you are likely to face like a potato farmer. A business plan, on the other hand, is where you outline the solutions to the challenges you noticed. With a business plan, running your business becomes easy and it also makes it easy to reach out to investors.

If you will like us to write a business plan for you, simply reach out to us. We will do so at a subsidized rate.

Land acquisition and preparation

The land is the chief raw material for this business as, without it, there is nowhere to plant your seedlings. You can either get land on lease or purchase it outright, depending on how much capital you have.

After acquiring the land, you need to plow it to loosen the topsoil for water and air penetration. In addition to this, adding fertilizers to the land two weeks before planting helps to boost its fertility. You can prepare the beds manually or by using a tractor and plow.

It is important to find out the soil requirements for the optimal growth of potatoes before acquiring land. This way, you are assured of a good yield.

Planting

Potatoes are usually propagated using the vine and stem cuttings. This means that you don’t plant seeds, instead, you plant the stems cut from the parent plant. According to agriculturists, the stem should be 20cm to 30cm long and should have at least 3 nodes.

It is important to find out the required spacing and the varieties that best suit your location. This saves you from the risk of failure and unnecessary losses.

Crop management practices

Several practices make up crop management. These include weeding, pest and disease control, and application of manure or fertilizer to mention a few. You must carry out these practices periodically to ensure that your plants are protected and you attain optimal yield.

Harvesting and marketing

It takes between 3 and 4 months for potatoes to mature fully. You can harvest using a spade, hoes, pickaxes, or hand forks. When doing this, be careful so that you don’t damage your potatoes.

Before your product is ready, you should work on finding a market for it. There are several parts of the country where the demand for potatoes is very high. Find a way to connect to these areas so that when you harvest you can take them down.

Why should you invest in the potato farming business in Nigeria?

In case you are wondering if you should invest in potato farming or not, here are a few reasons.

It is a low-risk crop.
This is a very cheap venture to engage in.
Easy to manage.
You don’t need a huge land to start.
There is always a demand for potatoes.
High profitable and lucrative business.

Conclusion

You can become a millionaire from engaging in the potato farming business in Nigeria. It all depends on how determined you are and how efficient your processes are. Most of all, you need a good business plan. We can help you write one at a very affordable price, all you need to do is contact us.

Hurry now and get your potato farming business plan in Nigeria. To place order, pay N20,000 to

Bank Name: Guaranty Trust Bank (GTB)

Account Name: Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your full name, email address and topic (e.g. potato farming business plan pdf ) to 07033378184. Your business plan will be sent to your email within 15 minutes.