POTATO FARMING BUSINESS PLAN

Potato farming business has lucrative returns. Many people are making money all over the world by farming potatoes. However, to build a successful, sustainable potato farming business, you require sufficient knowledge of how to efficiently grow the potatoes, good management skills, and a good potato farming business plan. This article will outline how to start the business, and the potato farming business plan – PDF and Word.

Potato farming is a lucrative business, providing income for millions of people, but there are some essential things you need to do before you venture into the business. You have to make a decision on how many hectares you want to farm, which type of potatoes you will farm, which season you are going to plant your potatoes, and your target market.. These choices will be affected by the amount of capital you have, and the size of your target  market.  If you do not have a lot of capital, you can always start small and grow your potato farming business overtime. You also need to carry out market research (Who are you going to sell the potatoes to? At what price?) and write a potato business plan before you venture into the business.

PRE-WRITTEN POTATO FARMING BUSINESS PLAN (PDF, WORD AND EXCEL): COMPREHENSIVE VERSION, SHORT FUNDING/BANK LOAN VERSION AND AUTOMATED FINANCIAL STATEMENTS

For an in-depth analysis of the potato farming business, we encourage you to purchase our well-researched and comprehensive potato farming business plan. We introduced the business plans after discovering that many were venturing into the potato production business without enough knowledge and understanding of how to run the potato farming business, how to farm the potatoes, lack of understanding of the financial side of the business, lack of understanding of : the industry, the risks involved , costs and profitability of the business; which often leads to disastrous losses.

The potato farming business plan will make it easier for you to launch and run your potato farming business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as you will be aware of all the costs involved in setting up and running the potato business.

The Pre-written potato farming business plan package 

1. Potato Farming Business Plan – PDF file (Comprehensive Version – 87 Pages)
2. Potato Farming Business Plan – Editable Word File (Comprehensive Version – 87 Pages)
3. Potato Farming Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 41 pages)

POTATO FARMING BUSINESS PLAN CONTENT PAGE 

Executive Plan................................................................................................................4

Mission, Objectives and Keys to success.....................................................................5

Mission...........................................................................................................................5

Core Values....................................................................................................................5

Objectives ......................................................................................................................5

Keys to Success .............................................................................................................6

Company Summary...........................................................................................................7

Products..............................................................................................................................7

Ownership...........................................................................................................................7

Company Structure ............................................................................................................10

Operational Requirements ................................................................................................13

Machinery And Equipment..............................................................................................13

Seed selection..................................................................................................................14

Potato cultivar Types .......................................................................................................14

Seed rate............................................................................................................................16

Potato Plant Growth ..........................................................................................................16

Decide when to plant.........................................................................................................17

Preparing the soil..............................................................................................................18

Seed Piece Spacing.........................................................................................................22

Building up soil organic matter content ........................................................................23

Depth of Planting .............................................................................................................24

Planters.............................................................................................................................25

Amount of Seed to Plant.................................................................................................26

Growing the crop .............................................................................................................26

Water requirements and irrigation................................................................................27

Potato nutrition ............................................................................................................30

Organic fertilizers.........................................................................................................33

Determining Base Fertilizer Recommendations.........................................................36

Nutrient Chemistry and Sources.....................................................................................37

Weed Control....................................................................................................................40

Insect Control...................................................................................................................42

Harvesting, sorting, grading and post-harvest handling................................................43

Operational Strategy........................................................................................................45

Planting Season................................................................................................................45

Yield....................................................................................................................................45

Planting Area.....................................................................................................................45

Fertilizers...........................................................................................................................46

Herbicides .......................................................................................................................46

Pesticides/Fungicides.....................................................................................................46

Packaging Materials........................................................................................................46

Labour..............................................................................................................................46

Machinery And Equipment.............................................................................................46

Marketing Strategy .........................................................................................................48

Market Analysis...............................................................................................................50

Demand............................................................................................................................50

Market Segmentation.......................................................................................................50

Industry Analysis..............................................................................................................52

Competition and Buying Patterns....................................................................................53

SWOT Analysis.................................................................................................................55

PEST analysis...................................................................................................................56

Financial Statements.......................................................................................................58

Start-up Costs..................................................................................................................58

Financing & Bank Loan Amortisation.............................................................................59

Pro Forma Income Statement.........................................................................................60

Assumptions....................................................................................................................61

Inputs Quantities and Costs............................................................................................62

Revenue And Expenses..................................................................................................65

Monthly Cashflow Statement.........................................................................................66

Pro Forma Annual Cash Flow.........................................................................................72

Pro Forma Balance Sheet...............................................................................................73

Break-even Analysis.........................................................................................................74

Payback Period.................................................................................................................75

Financials Graphs...............................................................................................................76

Risk Analysis.......................................................................................................................78

Potential Sources of Finance............................................................................................81

Equity Financing................................................................................................................81

Debt Financing..................................................................................................................82

Top Reasons For failure of Potato Farming Business..................................................84

Other Business Plans......................................................................................................86

Disclaimer.........................................................................................................................87

The Pre-written business plan package (PDF and Word) costs Ghc 299.00 only!
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