BUSINESS PLAN

2. NATURE OF BUSINESS:
GRASSCUTTER FARMING
LOCATION: IBADAN
NAME OF CHIEF
PROMOTER: NYSC

3.  Beloved Farms Ltd is an agribusiness enterprise. The farm will
be located in Ibadan. The products of the farm will be fattened
Bucks, Breeding stocks,(family), Dressed grasscutter, package
fur (for seasoning). The competitors includes University of
Ibadan wildlife department, Johnson Grasscutter farm, and
Udochukwu farms farms. The major buyer of beloved farms
shall be hotels, restaurants, individuals, grasscutter farmers
and so on.
 Beloved farm product shall be set for patronage by making
awareness using online plateforms such as facebook,
whatapp, OLX, word of mouth e.t.c.
 The Segment of the market targeted by the farm is the high
class in the society.
 The farm will be running with investment cost of N296600
and a profitability projection of I,443,I60 and 40 families to
continue the farming business. This projection is for a period
of 30 months

4.  Name: Gbolagade Abdullahi Kunle
 Age and Place of Birth: 27, Ibadan
 Qualifcation: Bsc., Agric
 Position Held: CEO/Manager/Staff
 Work Experience: 2 years poultry attendant

5.  Fattened Bucks
 Breeding Stock (family)
 dressed grasscutter
 Packaged fur (for seasoning)

6.  Supply of grasscutter meat to hotels,
restaurants, individuals, fast food e.t.c.
 Supply of breeding stock to intending
farmers
 Advisory and general consultancy
 Training
 Grasscutter feed production
 Execution/ visit by students

7. SN FARMS LOCATION CAPACITIES
I University of
Ibadan Wildlife
Department
Agbowo,
Ibadan
I00 per annum
Ii Johnson
Grasscutter
farm
Ajibode,
Ibadan
80 per annum
Iii Udochuckwu
Farms
Wakajaiye,
Ibadan
I24 per annum

8.  Production of fattened buck
 They have more customers due to having
being in business for long

9.  Unable to meet market demand as at when
due
 No good customer relation
 No home delivery
 No processing

10.  Incorporation of home delivery
 Displaying high level of customer relation
 Processing of fur into seasonings
 Teeth for ornament
 Online Marketing
 Training
 Consultancy and Excursion

11.  Hotels
 Eateries
 New farmer
 Corporate organization
 individual

12.  Existing farmers (for breeding stock)
 Materials for feed formulation from local
markets.

13.  The University of Ibadan wildlife department
will be consulted for the breeding stock.
 Market women selling fruits will as well be
consulted for their waste product which will
serve as feed for the grasscutter
 They are all accessible

14.  Weight
 Age
 Sex
 Cost of product
 Place of delivery
 Purpose

15.  DIFFERENTIATION: Distinguishing the
products from those of the competitors
through home delivery as value addition

16.  Online platform such as facebook, Whatapp,
OLX e.t.c.
 Sign Post
 Handbills
 By word of mouth

17.  The potential grasscutter rearer
 The High class in the society
 Online platform
 Farms
 Home delivery
This is because grasscutter is a relatively
expensive and can be afforded mainly by the
high class, it is generally referred to as ‘big
man’s meat’

18.  CHALLENGES
 Low supply as a result of few grasscutter
farmers
 Insufficient medical treatment for grasscutter
diseases
 MITIGANTS
 Training of new grasscutter farmer
 Provision of high quality diet

19. SN ASSET DESCRIPTION VALUE N
I Land 6mX6m 5,760 (400,000 per hectare
2 Construction /
Structure
2.7mX5.4m 40,000
Total 45,760

20. SN
Particular Quantity Unit Price Total Value
I Insect sprayer (I) 500 500
2 Paint brush (I) I50 I50
3 Bucket (I) 400 400
4 Cutlass (I) 600 600
5 Packers (I) I00 I00
6 Mop (I) 250 250
7 Head pan (I) I000 I000
8 Feeders and drinkers
(3)
(3) 500 I,500
9 Weighing Scale (I) 3,500 3,500
Total
8,200

21. SN Particulars Amount (N)
I Establishment Expenses 8,200
2 Start-up Expenses 25,000
3 Miscellaneous 5,000
39,000

22. SN Items Year I (N) Year 2 (N) Year 3 (N)
I Feed
Formulation
I2,000 30,000 72,000
2

23. SN Item(s) Quantity Rate (N) Total Value
(N)
I Grasscutter family 3 48,000 I44,000

24. SN Particulars Amount (N)
I Skilled Labour 48,000

25. SN COST SUB-HEAD (N)
I Fixed Capital (Fixed Asset + Machinery and
Equipment
53,960
2
Working Capital (materials+ Utilities+Man
power requirement + repair and Maintenance)
204,000
3 Preliminary and Pre-operative Expenses
(Farm implement + Start-up Expenses+
Miscellaneous
38,200
Total 296,I60

26. SN Month Item(s) Quantity
sold per
cycle
Rate per
unit (N)
Sales
Realization
(N)
I Nov ., 20I5 July 20I6 ----- ----- ----- -----
2 Aug., 20I6 – Jan.,
20I7
Fattened
Bucks
6 I5000 90,000
3 Feb. 20I7 – July 20I7 I0 families
and 8
fattened
bucks
58 I0,000 580,000
4 Aug., 20I7 – March
20I8.
20
families
and 99
fattened
bucks
I99 I0,000 I,990,000

27. SN Assets Description Quantity Unit
Amount
Total
Amount
I Construction
of pen
Extension 9 I3,333 I20,000
2 I9 I2,632 240,000
3 40 I3,000 520,000
4 Feed
formulation
Second
cycle
I50kg 200 30,000
5 Feed
formulation
Third cycle 360kg 200 72,000
6 Staff salary Second
cycle
I 20,000 I20,000
7 Third cycle 2 20,000 240,000
Total I,342,000

28. SN Particular Amount in
first cycle
2nd CYCLE 3rd CYCLE 4th CYCLE
A Sales realization 90,000 580,000 I,999,000
B Less cost of
project (Working
Capital + Previous
Loss)
-296,I60 -206,I60
=786,I60
-I342,000
=657,000
C Gross Profit I,443,I60

29.  At the end of this farming project, if properly
managed, it is capable of generating a profit
of NI,443,I60, within a period of 30 months and
additional 40 families to continue the farming
business.