BUSINESS PLAN

FOR A MAIZE
AND BEANS
FARM
FOR

HARED ENTERPRISES
Description of project

Crop production is one of the leading agricultural business in the country with the the rate at which food
is consumed and the need is ever increasing due to rise in population in conjuction to the increase in
food export due to the diversification of the countries economy. The use of improved varieties of crop
which enhance the yield of the crop and resistance to pests and diseases made it easier to embark on
the business without much stress

PRODUCT:

The crop farm will produce the following economical products

Maize grain (corn)

Beans

Stalk and feed for animals consumption

Cost implication of the business

The working capital of the first year of the business is less compare to the second year whereby the land
will be obtained and facilities will be put in place

The cost will be displayed per hecter of land whereby 100hecters will be cultivate

Seed:- maize(34Kg) N3000(PER HECTER)

Beans(25Kg) N3000(per hectare)

Fertilizer(8bags:- 6NPK, 2Urea) N66000(per hecter)

Chemicals N10000(per hecter)

Rent(first year) N10000(per hecter)

Labour N15000(per hecter)

Miscellaneous N5000(per hecter)

Total N112000(per hecter)

Total land needed 90 hecters

Total capital to utelise N10m

Expected yield

40 bags of maize per hectare and 10 bags of beans per hectare

Maize 40*8500 =N340000

Beans 10*25000 =N250000

TOTAL =N590000

T.TOTAL(i.e 590000*90) =N53100000

PROFIT INDEEX
Net profit 53100000-10000000 =43100000

Tax 10% =4310000

Expected net profit =38790000