Dairy Farm project report

1. Introduction Dairying is an important source of subsidiary income to small/marginal farmers and agricultural labourers. The manure from animals provides a good source of organic matter for improving soil fertility and crop yields. The gobar gas from the dung is used as fuel for domestic purposes as also for running engines for drawing water from well. The surplus fodder and agricultural by-products are gainfully utilised for feeding the animals. Almost all draught power for farm operations and transportation is supplied by bullocks. Since agriculture is mostly seasonal, there is a possibility of finding employment throughout the year for many persons through dairy farming. Thus, dairy also provides employment throughout the year. The main beneficiaries of dairy programmes are small/marginal farmers and landless labourers. 2. Scope for Dairy Farming and its National Importance. The total milk production in the country for the year 2008-09 was estimated at 108.5 million metric tonnes and the demand is expected to be 180 million tonnes by 2020. To achieve this demand annual growth rate in milk production has to be increased from the present 2.5 % to 5% . Thus, there is a tremendous scope/potential for increasing the milk production through profitable dairy farming. 3.Financial Assistance Available from Banks/NABARD for Dairy Farming. 3.1. Loan from banks with refinance facility from NABARD is available for starting dairy farming. For obtaining bank loan, the farmers should apply to the nearest branch of a commercial bank, regional rural bank or co-operative bank in their area in the prescribed application form which is available in the branches of financing banks. 3.2. For dairy schemes with very large outlays, detailed project reports will have to be prepared. The items of finance would include capital asset items such as purchase of milch animals, construction of sheds, purchase of equipments etc. The feeding cost during the initial period of one/two months is capitalised and given as term loan. Cost towards land development, fencing, digging of well, commissioning of diesel engine/pumpset, electricity connections, essential servants' quarters, godown, transport vehicle, milk processing facilities etc. can be considered for loan. Cost of land is not considered for loan. 4.Scheme Formulation for bank loan 4.1 A Scheme can be prepared by a beneficiary after consulting local technical persons of State Animal Husbandry Department, DRDA, Dairy Co-operative Society / Union / Federation / commercial dairy farmers. If possible, the beneficiaries should also visit progressive dairy farms and government / military / agricultural university dairy farms in the vicinity and discuss the profitability of dairy farming. A good practical training and experience in dairy farming will be highly desirable. The dairy co-operative societies, if existing in the villages would provide all supporting facilities particularly for marketing of fluid milk. Nearness of dairy farm to such a society, veterinary aid centre, artificial insemination centre should be ensured. There is a good demand for milk, if the dairy farm is located near urban centre. 4.2 The scheme should include information on land, livestock markets,availability of water, feeds, fodder, veterinary aid, breeding facilities, marketing aspects, training facilities, experience of the farmer and the type of assistance available from State Government, dairy society/union/federation. 4.3 The scheme should also include information on the number and types of animals to be purchased, their breed, production performance, cost and other relevant input and output costs with their description. Based on this, the total cost of the project, margin money to be provided by the beneficiary, requirement of bank loan, estimated annual expenditure, income, profit and loss statement, repayment period, etc. can be worked out and shown in the Project report. A format developed for formulation of project report for a dairy farm is given as Annexure I. 5.Scrutiny of Schemes by banks. The scheme so formulated should be submitted to the nearest branch of the bank. The bank's officer can assist in preparation of the scheme or filling in the prescribed application form. The bank will then examine the scheme for its technical feasibility and economic viability.

After ensuring technical feasibility and economic viability.this would briefly include 1. Repayment schedule (i. male/female calves. 4. Other documents such as loan application form.this would briefly include 1.6Insurance The animals and capital assets may be insured annually or on long term master policy.3 Interest Rate for ultimate borrower : Banks are free to decide the rates of interest within the overall guidelines. Nearness of the selected area to veterinary. The loan is disbursed in kind in 2 to 3 stages against creation of specific assets such as construction of sheds.1Outlay Outlay of the project depends on the local conditions. GENERAL i) Nature and objectives of the proposed scheme ii) Details of proposed investments iii) Specification of the project area .Lending terms . the scheme is sanctioned by the bank. veterinary aid. 7.DAIRY FARM 1.Availability of good grazing ground/lands. unit size and the components included in the project. breeding of animals. 7. purchase of animals and recurring cost on purchase of feeds/fodders for the initial period of one/two months. Availability of good quality animals in nearby livestock market 3. gunny bags. Annexure I FORMAT FOR PROJECT REPORT PREPARATION .e. Availability of training facilities. purchase of equipments and machinery.Income-expenditure statement and annual gross surplus. This is indicative and the applicable input and output costs as also the parameters observed at the field level may be incorporated. for working out the financial viability and bankability of the model projects we have assumed the rate of interest as 12 % p.(A) Technical Feasibility . breeding and milk collection centre and the financing bank's branch.e. medicines etc. 5. The loan will be repaid in suitable monthly/quarterly instalments usually within a period of five to seven years. manure. 5. 4. The end use of the funds is verified and constant follow-up is done by the bank. 7.4 Security Security will be as per NABARD/RBI guidelines issued from time to time. sale price of milk.2 Margin Money: Margin depends on the category of the borrowers and range from 5 to 25%. Input cost for feed and fodder. 6. Unit Cost 2.Availability of Green/dry fodder. security aspects. 7. repayment of principal loan amount and interest). A field visit to the scheme area is undertaken for conducting a techno-economic feasibility study for appraisal of the scheme.Cash flow analysis. where ever it is applicable.General 7. labour and other overheads.Sanction of Bank Loan and its Disbursement. A model project with 10 buffaloes is given as Annexure II.a. 6.5 Repayment period of loan Repayment period depends upon the gross surplus in the scheme. However. Prevailing market prices may be considered to arrive at the outlay. 2. other miscellaneous items etc. (B) Economic Viability .Availability of veterinary aid / breeding centres and milk marketing facilities near the scheme area. 3. are also examined.Output costs i. insurance. concentrate feed. 7. 7. margin money requirements etc. 6.

etc.Milk room .Sheds .Quarters. TECHNICAL ASPECTS : a) Location. etc. gates. per day) iii) Lactation days iv) Dry days v) Conception rate vi) Mortality(%) .) vi) Cost of animal (Rs.Store room .Young stock g) Herd projection (with all assumptions) : .iv) Name of the financing bank branch v) Status of beneficiary: (individual/Partnership/Company/Corporation/Co-operative Society / Others) vi) Details of borrowers profile (a) Capability (b) Experience (c) Financial Soundness (d) Technical/Other special Qualifications (e) Technical/Managerial Staff and adequacy thereof 2.Adults .Calves (less than 1 year) e) Animals : i) Proposed species ii) Proposed breed iii) Source of purchase iv) Place of purchase v) Distance (km.Heifers (1-3 years) . Land and Land Development : i) Location details of the project ii) Total Area of land and its cost iii) Site map iv) Particulars of land development. b) Civil Structures : Detailed cost estimates along with measurements of various civil structures .) f) Production parameters : i) Order of lactation ii) Milk yield (ltrs. c) Equipment/Plant and Machinery : i) Chaff cutter ii) Silo pit iii) Milking machine iv) Feed grinder and mixer v) Milking pails/milk cans vi) Biogas plant vii) Bulk coolers viii)Equipment for manufacture of products ix) Truck/van (price quotations for the above equipments) d) Housing : i) Type of housing ii) Area requirement . fencing.Adults .

Rabi .) vii)Expenditure per animal per year (Rs.) k) Electricity : i) Source ii) Approval from SEB iii) Connected load iv) Problems of power failure v) Arrangements for generator l) Water : i) Source ii) Quality of water iii) Availability of sufficient quantity for drinking. cleaning and fodder production iv) If investment has to be made. design and cost m) Marketing of milk : i) Source of sales ii) Place of disposal iii) Distance (km./day) Cost(Rs.Dry fodder .Kharif . type of structure. per liter of milk) v) Basis of payment vi) Periodicity of payment n) Marketing of other products : i) Animal . / Kg) Green Fodder Dry Fodder Concentrates i) Breeding Facilities : i) Source : ii) Location : iii) Distance (km.) iv) Price realised .) : iv) Availability of semen : v) Availability of staff : vi) Expenditure per animal/year j) Veterinary Aid : i) Source ii) Location iii) Distance (km.h) Feeding : i) Source of fodder and feed .) iv) Availability of labour and other staff v) Types of facilities available vi) If own arrangements are made a) Employed a veterinary doctor/stockman/consultant b) Periodicity of visit c) Amount paid/visit (Rs.Summer iii) Fodder cultivation expenses iv) Requirement and costs : Quantity required (kg.Green fodder .(Rs.Concentrates ii) Fodder crop rotations .age Lactation Dry Period Young Stock .

Number .) o) Beneficiary's experience : p) Comments on technical feasibility : q) Government restrictions.) Particulars : a) Internal Rate of Return (IRR) : b) Benefit Cost Ratio (BCR) : c) Net Present Worth (NPW) : iv) Financial position of the borrowers (to be furnished in case of corporate bodies/partnership firms) a) Profitability Ratio : i) GP Ratio ii) NP Ratio b) Debt Equity Ratio : c) Whether Income Tax & other tax obligations are paid upto date : d) Whether audit is upto date (enclose copies of audited financial statements for the last three years) v) Lending Terms : i) Rate of Interest : ii) Grace Period : iii) Repayment Period : iv) Nature of Security : v) Availability of Government guarantee wherever necessary : 4.Qty.place of sale . Capital Costs Item Physical Unit and Specification Cost (Rs. if any : 3.) iii) Empty gunny bags . INFRASTRUCTURAL FACILITIES : a) Availability of technical staff with bank/implementing authority for monitoring b) Details of i) technical guidance ii) training facilities . FINANCIAL ASPECTS : i) Project Cost Sr.Cost/bag (Rs. No../animal Price/unit (Rs.price expected ii) Manure .) Total Capital Costs(A) Recurring Costs Total Recurring Costs (B) Total Project Cost (A+B) ii) Down payment/margin/subsidy (Indicate source & extent of subsidy): iii) Financial viability (comment on the cash flow projection on a farm model/unit and enclose the same.

/acre/season) Insurance premium (% per annum) Veterinary aid/animal/ year (Rs.iii) Govt. support /extension support c) Tie-up arrangements with marketing agencies for loan recovery d) Insurance . Project Cost Cost of milch animals including transportation cost Cost of construction of shed for adult animals Cost of construction of shed for calves Cost of chaff cutter Cost of equipment Capital cost Cost of concentrate feed for first batch for first month Cost of fodder cultivation in 2 acres Insurance of first batch of milch animals Recurring cost Total cost or say Margin (15%) Bank Loan B./kg) No./kg) Cost of dry fodder (Rs.Type of policy .Rate of premium e) Whether any subsidy is available.) Cost of fodder cultivation (Rs.) Cost of concentrate feed (Rs. if so amount per unit f) Arrangements for supply of green fodder and cattle feed Model Unit Cost and Economics of a 10 Buffalo Unit A.) Cost of chaff cutter (power operated) (Rs.Periodicity . Techno economic parameters Rs. of Animals Cost of Animal (Rs.) : Graded Murrah Buffalo : 10 : 32000 : 1000 : 8 : 60 : 20 : 100 : 50000 : 1000 : 4500 : 5 : 250 : 8 : 1.) Cost of equipment per animal (Rs./animal) Transportation Cost/Animal Average Milk Yield (litre/day) Floor space (sqft) per adult animal Floor space (sqft) per calf Cost of construction per sqft (Rs. : 330000 : 60000 : 20000 : 50000 : 10000 : 470000 : 4800 : 9000 : 16000 : 29800 : 499800 : 500000 : 75000 : 425000 Type of Animal No.50 : 1 : 3000 . of labourers Salary of labourer per month (Rs.

Economics Particulars 1 Sale of Milk Sale of Gunny bags Total Cost of feeding during lactation Cost of feeding during dry period Cost of fodder cultivation 277200 1710 278910 79800 9690 18000 2 320100 2080 322180 92150 18990 18000 3 320100 2080 322180 92150 18990 18000 Years 4 293700 1960 295660 84550 22090 18000 5 290400 1950 292350 83600 22480 18000 6 320100 2000 322100 92150 18990 18000 7 320100 1950 322050 92150 16660 18000 .) Margin (%) Rate of interest (%) Repayment period (years) Selling price of milk/litre (Rs./kg) Sale price of gunny bags (Rs.00 Home grown 1.50 15.00 38. (kg) Dry Cost Per Day (Rs.00 0.50 4 25 4 Qty.) 32. (kg) Cost Per Day (Rs. Cost of rearing calves not considered as it will be nullified by their sale value or retention value.50 C.) Concentrate Feed Green Fodder Dry Fodder Total Lactation Chart Years Lactation Days Dry Days Gunny Bags available for sale 1 2100 625 171 2 2425 1225 208 3 2425 1225 208 4 2425 1425 196 5 2200 1450 195 6 2425 1225 200 7 2425 1075 195 8.00 0.00 6.) 8.50 : 10 : 270 : 150    Freshly calved animals in 1st or 2nd lactation are purchased in two batches of five animals each at an interval of 5 to 6 months. Manure utilised for fodder cultivation. per bag) Lactation days Dry days : 150 : 15 : 12 : 7 : 16.00 7.00 1 20 5 Qty. Fodder cultivation considered in two acres and working capital for one crop / season considered. Two crops considered per year.Cost of electricity and water/animal/year (Rs. Feeding Schedule Per Day Lactation Price (Rs.

8 1.R.66 2500 36000 750 16000 162740 145970 2500 36000 1500 16000 185140 137040 2500 36000 1500 16000 185140 137040 2500 36000 1500 16000 180640 115020 2500 36000 1500 16000 180080 112270 2500 36000 1500 16000 185140 136960 2500 36000 1500 16000 182810 139240 2 185140 185140 322180 137040 3 185140 185140 322180 137040 4 180640 180640 295660 115020 5 180080 180080 292350 112270 6 185140 185140 322100 136960 7 182810 182810 322050 139240 Gross Surplus 145970 137040 137040 115020 112270 136960 139240 Interest 51000 44856 38731 31870 26035 19727 10586 Principal 51200 51044 57169 48630 52565 76173 88219 Total Repayment 102200 95900 95900 80500 78600 95900 98805 Surplus 43770 41140 41140 34520 33670 41060 40435 . Calculation of BCR and IRR 1 Capital Costs Recurring Cost Total Costs Benefit Net Benefit PW Costs @ 15% PW Benefits @ 15% NPW B.R.Veterinary aid and breeding charges Labour charges Electricity and misc. Repayment schedule Year 1 2 3 4 5 6 7 Loan Outstanding 425000 373800 322756 265587 216957 164392 88219 470000 162740 632740 278910 -353830 1153513 1272701 119187.C. (%) E. Ratio I. charges Insurance charges Total Surplus D.10 : 1 28.

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