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Vick Smart Ventures Agribusiness Plan

Vick Smart Ventures is an agricultural business focused on crop farming and livestock production in Teso South, aiming to provide high-quality organic products to local and international markets. The business operates on 2 acres of land and offers primary products like maize, poultry, and vegetables, along with training and consultancy services. With a strong market strategy and risk management measures, the venture is positioned for steady growth and profitability.

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96 views3 pages

Vick Smart Ventures Agribusiness Plan

Vick Smart Ventures is an agricultural business focused on crop farming and livestock production in Teso South, aiming to provide high-quality organic products to local and international markets. The business operates on 2 acres of land and offers primary products like maize, poultry, and vegetables, along with training and consultancy services. With a strong market strategy and risk management measures, the venture is positioned for steady growth and profitability.

Uploaded by

luyembamoses
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

AGRIBUSINESS PLAN

BUSINESS NAME : VICKSMART VENTURES

OWNER : VICTOR OSABA ONGALA

DATE : 13/04/2022

EXECUTIVE SUMMARY

Vick Smart Ventures an Agricultural business focused on crop forming and livestock production in Teso south
Chakol South ward.
My goal is to provide high quality Products to the locals and International Market while promoting Sustainable and
profitable farming promoting practices. I aim to meet the increasing demand organic vegetables, poultry and food
security with a well-planned production process, strong market Strategy and efficient farm management. I expect
to achieve steady growth profitability.

BUSINESS DESCRIPTION

BUSINESS TYPE : Mixed farming and Agribusiness Services


LOCATION : Chakol South Ward
Land size : 2 Acres
Legal structure : Sole proprietor

PRODUCTS AND SERVICES


 Primary products - maize, poultry and vegetables.
 Service: training, consultancy and extension services
 Value added products - Organic fertilizer

MARKET RESERCH AND ANALYSIS

 Target Market
 Consumers : Local households, hotels and schools.
 Businesses : Whole sellers

 Market demand

 Rising demand for Vegetables due to health trends and Population growth
Competitor analysis

 Competitor : Alakara farm and green farm

 Strengths : They produce hybrid variety of kales

 Weaknesses : They can't produce local varieties of vegetables especially kales which is being
consumed by many.

COMPETITIVE ADVANTAGE
Modern farming technics, regenerative agriculture, hydroponic farming, organic and chemical free products, direct
farm to market distribution

PRODUCTION AND OPERATION PLAN

 Farm methodology: Conventional, organic, Hydroponic, crop rotation, pest & diseases control, integrated
pest management.(IPM)
 Resources and Inputs: Seeds, fertilizers and labour
 Harvesting and post harvesting handling
 Good storage facilities and transportation.
 Farm management: Record Keeping, workforce planning and technology adoption

MARKET STRATEGY.

 Branding: focusing on high quality fish and healthy farm produce sustainable and Eco friendly
 Sales Distribution channels: Local market and grocery Stores, direct farm sales Promotion and Advertising

Social Media Marketing

 Whatsapp groups
 Tiktok
 Facebook

FINANCIAL PLAN
Startup costs
Land preparation : ksh. 10, 000/=
Seeds, fertilizer and chemicals. : Ksh: 8000/=
Equipment : ksh: 3000/=
Lobour cost : ksh 5000/=
Marketing and branding : ksh 2000/=
Miscellaneous : ksh: 2000/=

Total : ksh: 30,000/=


REVENUE PROJECTION

Year 1 ksh: 5000/=


Year 2 ksh: 5000/=
Year 3 ksh: 5000/=

Profitability and break even analysis 6 months.

Funding sources.
Personal saving

RISK MANAGEMENT AND SUSTAINABLITY

• Potential Risks
 Drought and floods
 Market price fluctuations
 Pest and diseases
• Risk mitigation Strategies
 Diversified product range
 Improve storage techniques
 Sustainability Measures
 Organic farming and Water conservation

CONCLUSION

Vick smart Ventures is a wall positioned to succeed Agricultural Sector by leveraging modern farming
techniques, effective marketing and expanding operation to become a leader production.

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