Wheat Farming Business Plan in Nigeria

Not many people are aware of the benefits of wheat in our economy. However, wheat is one of the most important crops grown anywhere in the world. Several manufacturers need wheat to survive. Examples include noodles, cookies, biscuits, bread, and spaghetti.

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Several local delicacies are produced from wheat such as fura and dan wake. This presents us with clear facts that there is a very high demand for wheat in the market. The problem is that the demand is far higher than the supply which is where the opportunity lies.

Do you want to invest in the wheat farming business in Nigeria? Are you bothered about how to start? Not to worry, we’ve got you. In this post, we will share key details about starting a successful wheat farming business in Nigeria. We will also show you a sample wheat farming business plan to help you out.

Sample Wheat Farming Business Plan in Nigeria

Business plans are very important to the startup and success of any business. In this section, we will show you a sample wheat farming business plan which we prepared. You can use it for several purposes like grant and loan applications as well as running your business.

Please note that this is an abridged version of this plan. If you will like a complete version of this plan, you can reach out to us. We will provide it at a very affordable price.

Business overview

Business Name: Stoke Wheat Company

Industry: Agriculture and Food processing

Location: Zaria, Kaduna State

For several years, Nigeria has had to import wheat because the supply within the country is in no way commensurate to the demand. This makes it important that new wheat farms are established in different parts of the country to meet this demand. Stoke Wheat Farm is being established to respond to this call for the establishment of wheat farms.

The importance of wheat in our daily food consumption cannot be overemphasized. Man can hardly do without consuming flour daily, especially in Nigeria. To this end, Stoke Wheat Farm has acquired a 10-hectare piece of land around the outskirts of Zaria, Kaduna State, Nigeria.

This location was seen as desirable after much research and a detailed feasibility study. We must rise to the challenge of wheat production considering how much the country spends on wheat importation already. There is no doubt that if nothing is done on the home front, Nigeria may be exposed to several risks in the nearest future.

As a result, the government has set in place several policies to encourage new wheat farms to spring up. We at Stoke Wheat Farm have recognized the opportunities available in this sector and we seek to exploit them for profit and to meet the needs of Nigerians.

Company vision

To be recognized among the leading producers of wheat in Nigeria and the rest of West Africa by 2025.

Company mission

To grow into a sustainable farm of world-class stature that can cultivate, process, and package wheat for local and international consumption.

Business objectives

After careful consideration of the current state of the market and the underlying opportunities, Stoke Wheat Farm has enumerated these objectives:

To invest in the cultivation of the exact variety of wheat required in high demand in Nigeria and surrounding countries.
Establishing a strong and growing relationship with the customers as well as bulk purchasers.
Attaining a considerable net profit that will grow geometrically each year from the first year of operation.
Providing top-quality healthy products that will be fit for human consumption through the use of the best farm practices for wheat.
Investing in our employees to ensure that they provide efficient sales services and customer care.

Keys to success

Based on our vision, mission, business objectives, and market survey, we have come up with a list of strategies. These strategies will ensure that we attain success in the business and sustain success.

Adopting best practices to ensure that we produce the best possible products that can be sold anywhere in the world.
Ensuring that standards of hygiene are met on the farm and in all our production facilities. This way, we can attain the required standard for human consumption locally and internationally.
Establishing an efficient distribution and marketing team that can spread the word about our products and attract new customers. This team will be made up of highly motivated and experienced individuals.
Competitive remuneration of our staff to ensure trust and loyalty.
Efficient customer service system that caters to the needs of customers on demand. This will ensure customer loyalty and referrals.

Competitive analysis

Even though the wheat industry in Nigeria is yet to be saturated, several big players have invested in the industry already. The opportunities available also make the industry attractive to new investors to step into the sector. It is, therefore, imperative that we work hard to ensure that we attain a competitive advantage.

After careful consideration, here is a list of our competitive advantages, all things being equal:

Availability of produce all year round.
Competitive prices that will be favorable to consumers.
Periodic discounts and special offers to our customers and prospects.
Production of healthy, nutritional, and world-class products.

As we told you earlier, this is an abridged version of this business plan. You can get the full business plan at a very affordable price if you contact us. We can also write a customized plan for wheat farming or any other business at a subsidized rate.

If you need the full sample wheat 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. wheat business plan ) to 07033378184. Your business plan will be sent to your email within 15 minutes.

How to start a wheat farming business in Nigeria

Starting a new business is not always easy. There are several hurdles to cross and many pitfalls along the way. Statistics show that of the SMEs that startup in Nigeria, 60% end up failing in the first year. We can attribute such failure to a lack of knowledge and adequate planning.

When it comes to agriculture, which wheat farming is a subset of, you must learn from a pro. Find a professional farmer who has experience in wheat production to guide you to avoid making costly mistakes. While you do that, we have put together this simple guide to help you start your wheat farm.

Feasibility study and business plan

Many people consider both documents to be the same thing. However, when you study them, you will notice that they are completely different even though they are related. A feasibility study gives you a clear picture of what you are likely to face in this business. It also tells you what the market is like and the different procedures to engage when farming.

A business plan, on the other hand, gives you solutions to the challenges you notice during the feasibility study. It is a map that guides your business. This document is also a tool that you can use to raise capital from investors and the bank. We can help you conduct a feasibility study and write a business plan at an affordable price.

Acquiring your farm site

It is important to note that wheat cannot grow everywhere. Wheat will not thrive optimally in every part of Nigeria, which is why most wheat farms are located in the north. The locations where wheat is best cultivated in Nigeria include Kaduna, Kano, Kebbi, Zamfara, Gombe, Kebbi, Jigawa, Borno, and Yobe States.

This crop does not require too much rainfall, between 500mm and 1200mm is perfect. With this requirement, it is clear that wheat will not thrive well in the southern part of Nigeria. The soil should also be low in acid as well as saline content. You can acquire the farm by making an outright purchase or leasing the land for a few years.

Choosing the wheat variety

There are several varieties of wheat you can plant depending on the need. You can find out from the existing farmers so that you are sure of what variety to choose. The variety should provide optimal yield and be resistant to diseases and pests in your region.

Planting and post-planting processes

Before planting, you need to prepare the farmland which involves clearing and tilling along with fertilizer or manure application. Wheat is usually planted around November or December. This season is perfect because there is a very low weed competition. By the time the wheat germinates and begins to thrive, they will be strong enough to withstand the competition.

It is important to find out the exact processes from an existing farmer so that you don’t make avoidable mistakes. After planting, you should consider irrigation if necessary, the application of fertilizers, and weeding.

Harvesting and marketing

It is important to note that you only harvest wheat when it is fully ready to be harvested. The best way to know if it is ready is by rubbing the head of the grain with your fingers then chewing the wheat. If it cracks and becomes soft in your mouth, it is ready to be harvested.

After harvesting, you can package and send your wheat out to the market. You should have found a market for your products before harvesting.

Conclusion

We have shown you how to start your wheat farming business in Nigeria. Along with this, we have presented you with a sample business plan for this business. If you will like a business plan for wheat farming or any other business, reach out to us.

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