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Vegetable Farming Business Plan Template | Free Business Plan Software

Vegetable Farming Business Plan Template

 

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Here's the Business Plan Template's Table of Contents:

1.0 Executive Summary
1.1 Objectives
1.2 Mission
1.3 Keys to Success
2.0 Company Summary
2.1 Company Ownership
2.2 Start-up Summary
Table: Start-up
3.0 Products and Services
4.0 Market Analysis Summary
4.1 Market Segmentation
Table: Market Analysis
4.2 Target Market Segment Strategy
4.3 Service Business Analysis
4.3.1 Competition and Buying Patterns
5.0 Strategy and Implementation Summary
5.1 Competitive Edge
5.2 Marketing Strategy
5.3 Sales Strategy
5.3.1 Sales Forecast
Table: Sales Forecast
5.4 Milestones
Table: Milestones
6.0 Management Summary
6.1 Personnel Plan
Table: Personnel
7.0 Financial Plan
7.0 Financial Plan
7.1 Start-up Funding
Table: Start-up Funding
7.2 Important Assumptions
7.3 Break-even Analysis
Table: Break-even Analysis
7.4 Projected Profit and Loss
Table: Profit and Loss
7.5 Projected Cash Flow
Table: Cash Flow
7.6 Projected Balance Sheet
Table: Balance Sheet
7.7 Business Ratios
7.7 Business Ratios
Table: Ratios

Other Business Plan Outlines and samples that may interest you:

Agriculture Assisted living Auto repair Bakery Bar Beauty salon Bed and breakfast Bookkeeping Boutique Bowling alley Carpet cleaning Car wash Catering Cattle farming Charity Cleaning Coffee shop Computer repair Construction Consulting Convenience-store Cupcake Daycare Dental Dog daycare Ecommerce Electrical Embroidery Engineering Farm Fashion Fast food Film Financial advisor Fitness center Flower-shop Food Food truck Franchise Frozen yogurt Furniture store Gas station Goat farming Grocery store Gym Hairdressing Hair salon Ice cream Insurance agency Interior design Internet Internet cafe IT Jewelry Landscaping Laundromat Laundry Law firm Magazine Manufacturing Microbrewery Motel-hotel Music Nightclub Nonprofit Nursery Online-retail Photography Pizza Plumbing Poultry farming Preschool Printing Private investigator Pub Real-estate Resort Restaurant Retail School Security company Service Software Spa Sports-bar Startup Supermarket Travel agency Trucking Vegetable-farming Website

Vegetable Farming Business Plan Market Analysis Summary Sample

The US agricultural crop production industry includes more than 1 million farms with combined annual revenue of $175 billion. Crop farming is the growing and harvesting of field crops such as grain, oilseeds, tobacco, dry beans, potatoes, vegetables and melons, fruits and nuts, and floriculture.

Major products within this industry are corn for grain, soybeans, fruits and nuts as well as hay. Other major crops include wheat, vegetables and melons, and cotton and potatoes. Of all farms, 15 percent are grain or oilseed. Grain and oilseed farmers mostly practice crop rotation, typically alternating between plantings of grain corn and soybeans. Planting these crops in succession improves weed control, lowers pest and disease risk and requires less fertilizer.

The overall market for grains and high fiber foods is immense. World whole grain and high fiber foods market is projected to reach about US $21 billion by 2010. This industry has experienced strong growth, aided by healthy demand from livestock industries and an increase in the use of grains in ethanol production. The primary activities of companies in this industry are wheat farming and wheat seed production. Similar Industries include corn farming and grain farming.

[Company Name] business plan focuses solely on the grain and fiber market. [Company Name] has all the needed potential to flourish within this market. The Company has been a highly productive farm showing high yields each season.

4.1 Market Segmentation

[Company Name] is located in Dexter, Stoddard County, Missouri.  The local market consists of the Dexter and Stoddard County population, while the expanded market consists of the national US population. Both populations are reached through the local elevators we sell to.

The following information was obtained from Wikipedia.

City Of Dexter-Demographics

As of the census of 2000, there were 7,356 people, 3,237 households, and 2,019 families residing in the city. The population density was 1,208.0 people per square mile (466.4/km²). There were 3,560 housing units at an average density of 584.6/sq mi (225.7/km²). The racial makeup of the city was 97.31% White, 0.15% African American, 0.46% Native American, 0.18% Asian, 0.50% from other races, and 1.40% from two or more races. Hispanic or Latino of any race were 1.20% of the population.

There were 3,237 households out of which 29.4% had children under the age of 18 living with them, 47.0% were married couples living together, 12.1% had a female householder with no husband present, and 37.6% were non-families. 33.8% of all households were made up of individuals and 17.7% had someone living alone who was 65 years of age or older. The average household size was 2.23 and the average family size was 2.83.

In the city the population was spread out with 23.7% under the age of 18, 9.2% from 18 to 24, 25.9% from 25 to 44, 20.9% from 45 to 64, and 20.3% who were 65 years of age or older. The median age was 39 years. For every 100 females there were 82.2 males. For every 100 females age 18 and over, there were 77.3 males.

The median income for a household in the city was $23,116, and the median income for a family was $32,175. Males had a median income of $26,724 versus $17,409 for females. The per capita income for the city was $15,034. About 14.8% of families and 18.3% of the population were below the poverty line, including 23.5% of those under age 18 and 16.3% of those age 65 or over.

County of Stoddard-Demographic

As of the census of 2000, there were 29,705 people, 12,064 households, and 8,480 families residing in the county. The population density was 36 people per square mile (14/km²). There were 13,221 housing units at an average density of 16 per square mile (6/km²). The racial makeup of the county was 97.34% White, 0.91% Black or African American, 0.40% Native American, 0.09% Asian, 0.01% Pacific Islander, 0.24% from other races, and 1.01% from two or more races. 0.78% of the population were Hispanic or Latino of any race. 38.4% were of American, 15.4% German, 12.4% Irish and 8.5% English ancestry according to Census 2000.

There were 12,064 households out of which 30.50% had children under the age of 18 living with them, 57.40% were married couples living together, 9.40% had a female householder with no husband present, and 29.70% were non-families. 26.60% of all households were made up of individuals and 13.70% had someone living alone who was 65 years of age or older. The average household size was 2.39 and the average family size was 2.88.

In the county the population was spread out with 23.90% under the age of 18, 8.50% from 18 to 24, 26.30% from 25 to 44, 24.10% from 45 to 64, and 17.20% who were 65 years of age or older. The median age was 39 years. For every 100 females there were 92.60 males. For every 100 females age 18 and over, there were 88.20 males.

The median income for a household in the county was $33,120, and the median income for a family was $41,072. Males had a median income of $26,514 versus $17,778 for females. The per capita income for the county was $18,003. About 12.80% of families and 16.50% of the population were below the poverty line, including 20.20% of those under age 18 and 17.60% of those age 65 or over.

 All of our customers exist due to our professional reputation as well as through the long-standing relationship we've developed. Our customers appreciate our homegrown crops. These customers have the option to do business with other farmers within the area, but they understand that working with [Company Name] is beneficial to them because we deliver the dedication and outstanding products that they desire.

[Company Name]’ local market is reflected in the Market Analysis Table below.

Table: Market Analysis

Market Analysis

 

 

 

 

 

 

 

 

 

2010

2011

2012

2013

2014

 

Potential Customers

Growth

 

 

 

 

 

CAGR

Dexter

0%

7,356

7,356

7,356

7,356

7,356

0.00%

Stoddard

0%

29,537

29,537

29,537

29,537

29,537

0.00%

Total

0.00%

36,893

36,893

36,893

36,893

36,893

0.00%

4.2 Target Market Segment Strategy

[Company Name]' mission is to remain a strong and self-sustaining farming operation. The Company has an interest in obtaining more land, equipment and manpower to increase its competitive edge.
Currently, [Company Name]' serves the grain and fiber market segment. [Company Name]' choice of target markets is based on comprehensive experience within the crop farming industry coupled with an in-depth understanding of the customer's needs.  [Company Name]' skills and capabilities have allowed the Company to effectively compete and establish a reputation within its area. However obtaining grant funding will improve the Company's productivity and profitability levels.

4.3 Industry Analysis

The agriculture industry plays a vital role in the U.S economy. It supplies the country with a wide variety of food products and non-food products and it remains one of the Nation's larger industries in terms of total employment. [Company Name] knows that its target customers are concerned with quality of product; thus the Company has built its reputation on providing customers with exceptional yield. Our commodity is available for the customer when they need it. 

4.3.1 Competition and Buying Patterns

[Company Name] exist in a purely competitive market. The competition is endless and larger farms reap more benefits. Although, the Company's has experienced hardship due to its size and past crop failure, the Company’s longevity and industry experience has enabled it to succeed in the grain and fiber industry. With proper funding, the Company can become stronger and have more eating equity by obtaining more land and equipment to maximize production.  

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