Sugarcane Farming Business Plan in Nigeria

Sugar is one product that we all cannot do without, whether rich or poor. It is used in the manufacture of so many products at different levels of production. The chief source of sugar is sugarcane.

Also Read: Poultry Farming Business Plan in Nigeria

Sugarcane farming is one of the most lucrative agricultural businesses in Nigeria. With hard work and efficient management practices, a farmer can become a millionaire in a short time. Sugarcane is most produced in Northern Nigeria with Kano State being the largest producer.

While sugarcane originated from New Guinea, it has become a cash crop cultivated in different parts of the world. Asides Nigeria, other major producers of sugarcane are Brazil, New Guinea, the United States, and some countries in Asia.

In this post, we will take a look at how to start your sugarcane farming business in Nigeria. Before then, let’s show you a sample business plan for sugarcane farming.

Sample Sugarcane Farming Business Plan in Nigeria

This business plan can be used for several purposes such as accessing bank loans, submission of grant applications, and running the business. Note that this is an abridged version as it is just a sample. If you will like a complete plan, you can contact us directly for the plan at a small fee.

Company Description

Business Name: Sucre Sugarcane Farms

Industry: Agriculture

Business Location: Kaduna State, Nigeria.

Business Overview

The role of sugar in our daily lives cannot be overemphasized as it is used for several processes incorporated into our daily lives. Sucre Sugarcane Farms is a new farm with a desire to become one of the chief producers of sugarcane in the country. Achieving this aim will see us contribute our quota to the growth of the Nigerian economy.

Currently, we have acquired farmland of about 50 hectares on the outskirts of Kaduna State. This land will be dedicated to the cultivation of sugarcane. We intend to spend N7 million on land preparation as well as the planting of the crop.

To ensure that we attain optimal yield, we are looking to employ laborers who are experienced in sugarcane production. Since the plan is to become a major player in the sugarcane sector, we will not just cultivate sugarcane. Instead, we will spread our tentacles into the packaging and marketing of our products within and outside the country. When we are fully established, we intend to move into the production of juice, ethanol, and most of all sugar.

There is a need for increased sugarcane production in Nigeria to meet up with the current demands in the sector. Several sectors rely on this sector to function to the fullest of their capacities and we intend to lend our support by becoming key producers. Several government policies have been set in place to ensure that local producers of sugarcane can thrive. We will seize the opportunity to grow our business as quickly as we can until it becomes sustainable.

Within our farm’s first two years, we intend to hit up to 2 million sugarcane plants on our farm. By the end of the fourth year, our sugar production plant should be kicking off. This will ensure that we can meet the needs of companies and locals needing sugar within and outside Nigeria.

Company Vision

Sucre Sugarcane Farms seeks to be among the top five sugarcane farms and producers in Nigeria within the first ten years of its existence.

Company Mission

Sucre Sugarcane Farms desires to build a company that will become self-sustaining by maximizing the by-products of our chief produce, sugarcane. This will help us meet the needs of the Nigerian and International market and also create employment, provide cheap materials for construction, and also harness energy from sugarcane.

Business Objectives

Listed below are the objectives of Sucre Sugarcane Farms:

Cultivating sugarcane to meet the demands of the market. In doing this, we will focus on the sugarcane variety that suits the climate of the production zone.
Establishing a strong network with bulk buyers within an outside the country who require our products.
Meeting sales goals to attain net profit within the first year of operation. Growing the profit margin in the second year through establishing strategies that allow for minimizing the cost of production per unit.
Ensure that our staff is well-trained to attend to the needs of customers courteously at all times. We understand that word-of-mouth is a powerful tool in marketing so we will ensure that our customers are treated like kings. This way, we can get referrals from them that will help us draw more customers while maintaining their loyalty and trust.

Product Description

As stated earlier, between the first and fourth years of production, we will focus mainly on the cultivation of sugarcane. We will also engage in processing and packaging the sugarcane for sale on the market. Our target market includes pharmaceutical companies, sugar production companies, and energy production companies.

This is an abridged version of this business plan. To get the complete sample Sugarcane 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. sugar production business plan pdf ) to 07033378184. Your business plan will be sent to your email within 15 minutes.

You can also contact us for a customized business plan at a subsidized price. Let’s take a brief look at how to start your sugarcane farming business in Nigeria.

How to Start a Sugarcane Farming Business in Nigeria

Sugarcane farming involves the preparation of the land, planting the crop, proper crop management, and harvesting. This is just a phase of the business as the business also entails marketing and management. In this section, we will take a look at what you need to do to start and succeed in this line of business.

Feasibility study and business plan

Did you just ask why you need a feasibility study and business plan for a sugarcane farm? Just so you know, over 60% of startups in Nigeria fail before the end of the first year. Studies have revealed that most of these businesses fail because there was no plan in the first place.

A feasibility study gives you a clear picture of what the market entails, the processes involved in sugarcane production, and the pitfalls you may experience. From the feasibility study, you can draw up a detailed business plan that acts as a map for your business. With your business plan, you proffer solutions to problems that you notice while running the feasibility study.

We can help you write a business plan for this business or any other business at a subsidized price. Did you know that with a business plan, raising funds for your business from investors is very easy?

Purchasing and preparing the farmland

Sugarcane will do well in almost any part of Nigeria because it is meant for the tropics. Finding land should not be a problem. You can decide to buy the land outright or lease it for a few years. When checking for a land, ensure that the area has a temperature of between 25^oC and 30^oC. There should also be rainfall of between 1400mm and 2600mm.

It is very important to consider the pH of the soil before planting it. For sugarcane, the pH should be between 5.0 and 8.0 for optimal yield. There is also a need for constant irrigation within the first eight months of planting.

Planting and propagation

After preparing your farmland, the next step is planting. During your feasibility study, one of the things to learn is the proper planting and propagation practices for sugarcane. You can learn these from an agriculturist or a practicing farmer. The planting can be done by hand or using machinery.

Crop management

Without efficient crop management, the sugarcane may not thrive well. You need to find out the proper practices that will ensure that your crops do well. Part of crop management is the regular weeding of the land and pest control. When the need arises, you should also apply fertilizers. Finally, on this point, it is important to watch out for diseases and quickly arrest them at the first hint.

Harvest

It takes between 10 and 24 months for sugarcane to attain maturity. Harvesting can be done manually or using machines depending on the size of the farm. Either method should be carried out by skilled hands. After harvesting, the product should be prepared for processing or packaging.

Marketing

There is no point in producing your sugarcane if you will not market it. Find the right people to purchase your products. You should have done this during your feasibility study and begun making contact before harvesting your crops. The products can be sold locally and internationally depending on the capacity of your farm.

Why you should invest in sugarcane farming business in Nigeria

There are several reasons why you should invest in sugarcane farming business in Nigeria. Some of them include:

There are only a few farmers in this sector.
It doesn’t require so much capital to begin.
There is no special qualification for sugarcane farming, anyone can do it.
Due to the high demand in this sector, the profits are always high.
Sugarcane has so many health benefits.

Conclusion

We have taught you how to start your sugarcane farming business in Nigeria in this post. Along with this, we have shown you a sample business plan for this business. If you will like an expanded business plan, you can contact us and we’ll be glad to help out.

Hurry now and get your Sugarcane 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. sugar production business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.