Castor bean or castor oil plant which is known as Ricinus communis is a species of perennial flowering plant in the spurge family, Euphorbiaceae. The Ricinus communis biodiesel meets all the three criteria any environmentally sustainable fuel must meet. Besides, it is also used in paints, cosmetics, lubricants, etc. The aim of this or any business plan is to convey to the reader all of the relevant information about the business in a simple form. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. We have formulated A Complete & comprehensive Castor Biodiesel Business plan from farming to fuel consisting following standard sections Amrit Mahal Cattle Breed Facts, Features, Characteristics, Pomegranate Fruit and Flower Drop, Causes, Control, Cashew Farming; Planting, Care; Harvesting – A Full Guide, Red gram Cultivation Income (Toor Dal), Project Report, Yard Long Beans Farming, Cultivation Practices, Pig Farming Project Report, Cost, Profit Guide, Cauliflower Farming (Ghobi) Information Guide, Seed Treatment Information Guide for Beginners, Cabbage Cultivation Income; Cost; Profit; Project Report, Role Of Earthworms In Soil Health, Benefits of Earthworms, Pumpkin Farming in Polyhouse (Gummadikaya) for Profit, Growing Curry Leaf Plant from Cuttings, Seed (Kadi Patta), Papaya Farming in Polyhouse (Boppayi) for Profit, High-Profit Farming with Low Investment – Ideas In India, Bajra Cultivation Information (Pearl Millet); Planting, Care, Seed Viability Test Procedure and Methods, How To Grow Rambutan Fruits – A Complete Guide, Tissue Culture Plants Techniques For Beginners, Pomegranate Grafting Method; Pruning Method; Training, Drumstick Farming, Planting, Seed Rate, Harvesting Guide, Tharparkar Cow Cost, Cow Milk Per Day, Characteristics, Onion Farming, Planting, Care, Harvesting – A Full Guide, Aquaponic Farming in India – a Full Guide, Papaya Pests and Diseases, Control Management, Moringa Seed Germination Procedure, Spacing, Yield, Pomfret Fish Farming, Types of Pomfrets – a Full Guide, Prawn Farming At Home for Maximum Profits, Crops Suitable for Alluvial Soil – A Full Guide, Organic Cassava Farming, And Production Practices, Quinoa Farming Information Guide For Beginners, Snail Farming Business Plan, Snail Rearing, Feed Guide, Greenhouse Tomato Growing Techniques and Ideas, Fish Farming FAQ Information For Beginners, Dairy Buffalo Project Report for 10 Animals, Management of Plant Bacterial Diseases, and Control, Biofertilizer Advantages, Types, Working Principle, Guava Production Practices (Month Wise) Guide, Vertical Hydroponic Farming Systems Information, Horticulture Cultivation Practices in Summer, Aquaponics Farming in the Greenhouse – a Full Guide, Teff Grain Farming; Cultivation Practices, Hibiscus Grafting Methods; Pruning Time; Training, Greenhouse Capsicum Cultivation Project Report, Home Fish Farming in India – A Full Guide, Taro Root Farming (Arvi); Planting; Care; Harvesting, Pineapple Farming, Cultivation Techniques – A Full Guide, Ivy Gourd Farming (Tindora); Planting; Care; Harvesting, Effects of Climate Change on Agriculture in India, Smart Ideas That Benefits The Agriculture Farmers, Snake Gourd Farming (Potla Kaya), Planting, and Care, Cherry Fruit Cultivation Information Guide, Plymouth Rock Chicken Facts, Profile, Characteristics, Sunflower Cultivation Income, Yield, Project report, Organic Mango Farming, Cultivation Practices, Ladyfinger Farming in Polyhouse from Seeds for Profit, Papaya Grafting Methods; Pruning Methods; Training, Bamboo Farming Project Report, Cost and Profit Details, Greenhouse Agriculture in India – A Full Guide, Bay Leaf Cultivation Income (Tej Patta), Project Report, Growing Wheatgrass In Containers, Indoors Information, Successful Poultry Farming Tips, Techniques, Ideas, Finger Millet Farming (Ragi) Information Guide, Egg Fruit Farming (Canistel) Information Guide, Salt in Livestock Feed; Importance and Role of Salt in Feed, Rose Plant Pruning Methods; Training Methods; Process, Organic Sugarcane Farming, Production Practices, Agriculture Tourism In India, Benefits of Agri Tourism. Duck farm business plan includes population control, duck shelter, equipment, feed, disease control. ... Linne Co.’s Castor Seeds Farming Team. Lastly, it is a common trend to find standard castor bean (castor oil plant) farmers run a castor oil processing plant business alongside their farm. We will ensure that we maximize the opportunities available to commercial castor bean (castor oil plant) farmers. One of our major goals of starting Jake Tyson® Castor Bean Farms, Inc. is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. The produce meat/eggsare in high demand and attract premium rate in meat shops and open market. List our castor bean (castor oil plant) farms on yellow pages ads, Attend related agriculture and food expos, seminars, and business fairs et al, Leverage on the internet to promote our business, Place adverts on both print (newspapers and magazines) and electronic media platforms, Sponsor relevant community based events / programs, Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our business, Install our Bill Boards on strategic locations all around Pawtucket – Rhode Island, Engage in roadshow from time to time in targeted neighborhoods, Distribute our fliers and handbills in target areas, List our castor bean (castor oil plant) farms in local directories / yellow pages. Another good news is that you can’t get it wrong. When it comes to calculating the cost of starting a castor bean (castor oil plant) farm with castor oil processing plant, there are some key factors that should serve as a guide. Castor bean farming is done in dry regions under irrigation or through rainfall. Castor oil is a basic ingredient in the production of nylon 11. It is very sensitive to high humidity. No doubt, starting a castor bean farming business comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture. Castor seed is the source of castor oil, which has a wide variety of uses. The Castor Bean / Castor Oil Plant industry displays a low level of concentration. The fact that there is always a ready market for castor beans (castor oil plants) and castor oil makes the business highly thriving and profitable. Writing a farm business plan can be a tool for you to plan your farming business. We know that it is important to create strategies that will help us boost our brand awareness and to create a corporate identity for our castor bean (castor oil plant) farm business. Fee: 5,000. In essence a castor bean (castor oil plant) farmer should be able to sell his or her farm produce to as many people as possible including production companies that make use of castor oil as raw materials. Jake Tyson® Castor Bean Farms, Inc. do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. It is propagated through seeds in soils that are not fertile and in an area with less rainfall. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop. Castor is indigenous to the southeastern Mediterranean Basin, Eastern Africa, and india, but is widespread throughout tropical regions (and widely grown elsewhere as an ornamental plant). The farm cum business will be fully and single handedly financed by Jake Tyson and his immediate family members. TDB: Can you gives us an idea of the margins involved in the castor oil-trade – from the farm … Ensures that farming goals desired result are achieved, the most efficient resources (manpower, equipment, tools and fertilizers and manures et al) are utilized and different interests involved are satisfied. The seeds contain between 40 percent and 60 percent oil that is rich in triglycerides, mainly ricinolein. As a matter of fact, castor oil is gaining more ground as part of the materials used in the production of perfumes, cosmetics, soaps and other products, for flavoring food and drink, and for adding scents to incense and household cleaning products amongst others. Before starting Jake Tyson® Castor Bean Farms, Inc., Jake Tyson has worked with some of the leading commercial farms and castor oil processing plants in the United States of America; he has a degree (B.Sc.) They both have had the needed experience to manage the agriculture farm and take it to the desired level. With this, we will be able to take advantage of all the available opportunities within the industry. The payment policy adopted by Jake Tyson® Castor Bean Farms, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America. Below is a sample commercial framing business plan that you can find really useful to draft yours. Our vision is to become one of the leading commercial castor beans (castor oil plant) farms and castor oil extracting, processing and packing brand not just in the United States of America but also on the global stage. Rainfall: 500-600 annually. It is a known fact that the target market of those who are the end consumer of castor oil in any form and also those who benefits from the business value chain of commercial castor beans (castor oil plants) farming is all encompassing; it is far – reaching. We have perfected or sales and marketing strategies and we are set to hit the ground running and we are quite optimistic that we will meet or even surpass our set sales target of generating enough income / profits from the year of operations and build the business from survival to sustainability. Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. Welcomes guests and clients to the farm by greeting them in person or on the telephone; answering or directing inquiries. The commissioning and commercial launch next month of Oman’s only sebacic acid production project at the Special Economic Zone (SEZ) in Duqm is set to kickstart the mass farming of castor oil-beans — the primary source of sebacic acid and a host of value-added derivatives. Going forward, the Castor Bean / Castor Oil Plant industry is projected to show stronger signs of growth, especially as larger industry players continue to acquire smaller castor bean (castor oil plant) farms while boosting their overall scale of production. The business plan above has used the business name “Grant Botanical Agriculture farm”. What are the Best Types of Chainsaws for Firewood Business? Castor seeds can be grown on a wide range of soils which are fairly deep and well drained. Writing a bank and investor ready professional castor farming business plan can be challenging. Please note that the above projection might be lower and at the same time it might be higher. These are social, technical and commercial . Farmers in the castor bean farming industry primarily grow castor bean / castor oil tree for industries that make use of castor seeds for the production of food and preservatives, medicine (laxative) naturopathy castor oil, bio-based polyol in the polyurethane industry (coatings), precursor to industrial chemicals, lubrication oil, as feedstock in the production of biodiesel and skin and hair care (cosmetic oil). Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Pawtucket – Rhode Island in our payroll. Almost every household consumes or make use of castor oil in different form. The seeds from the Ricinus communis Plant contain in excess of 45% oil. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Jake Tyson® Castor Bean Farms, Inc.; Our strength as an castor bean (castor oil plant) farm is the fact that we have healthy relationships with loads of major players (agriculture merchants who deal in castor beans (castor oil plants) and other production companies that make use of castor oil as raw material) in the commercial farms industry; both suppliers and buyers within and outside of the United States. Business Name Availability Check: Completed, Opening of Corporate Bank Accounts various banks in the United States: Completed, Opening Online Payment Platforms: Completed, Application and Obtaining Tax Payer’s ID: In Progress, Application for business license and permit: Completed, Purchase of All form of Insurance for the Business: Completed, Leasing of farm land in Pawtucket – Rhode Island and preparing the farm land: Completed, Conducting Feasibility Studies: Completed, Drafting of Employee’s Handbook: Completed, Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed, Building /construction of cages and fence et al: In Progress, Purchase of the needed working tools, machines and equipment: Completed, Creating Official Website for the Company: In Progress, Creating Awareness for the business (Business PR): In Progress, Farm land Treatment, Health and Safety Arrangement: In Progress, Establishing business relationship with vendors and key players in the industry (production companies that rely on supply of castor beans (castor oil plants) and castor oil as raw materials and castor oil processing plants, agriculture farm produce merchants, fertilizer suppliers and transporter / haulage companies et al): Completed. So also, decreasing per capita castor oil consumption will hindered growth and profit margins have fluctuated greatly over the past five years. In view of the above, here are some of the basic areas we will spend our start – up capital in setting up our castor bean (castor oil plant) farm; Going by the report from detailed research and feasibility studies conducted, we will need an average of four hundred and fifty thousand dollars ($450,000) to start a standard castor bean (castor oil plant) farm with castor oil extracting and processing plant business in the United States of America. Another notable trend in this line of business is that more players in the food, fragrance and cosmetics, pharmaceutical and other related production industry are beginning to increase their demand for essential oil as part of their raw materials because of the aromatic nature it adds to their product. Below are the projections that we were able to come up with for the first three years of running Jake Tyson® Castor Bean Farms, Inc.; N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics or flood), and unfavorable government policies. They are starting to believe the body is a temple. In 2012, Soweto-born Thabang Mabapa was helping to clean up a local community church when … Oversee the smooth running of the daily farming activities across the various farming sections. We have put plans in place that will help us launch a standard and world – class castor oil processing plant within the first three years of officially running Jake Tyson® Castor Bean Farms, Inc. We will process and package castor oil that they flood the market both in the United States and in other countries of the world; we want to compete with the best in the industry. The sales projections are based on information gathered on the field and some workable assumptions as well with respect to the nature of castor bean (castor oil plant) farm that we run. Botanical Bounty Executive Summary Opportunity Problem. Our organization’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy. The total fee for incorporating the business in United States of America – $750. Beef Cattle Farming Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 51 pages) Beef Cattle Farming Business Plan Automated Financial Statements – (Editable Excel File) The business plan can be used in any country and can be easily edited. In summary, Jake Tyson® Castor Bean Farms, Inc. will adopt the following strategies in marketing our castor bean (castor oil plant) farm produce; Jake Tyson® Castor Bean Farms, Inc. is in the commercial castor beans (castor oil plants) farming business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives. The bottom line is that if you have enough farming land (space) and you are interested in maximizing commercial castor bean (castor oil plant) farming, you are sure going to make huge profits from the business. There are several active breeding programs. We will also ensure that we operate a standard castor oil extraction, processing and packaging plant as part of our complimentary business. Ground seed cakes are used as fertilizers (castor oil pomace) Varieties . If YES, this article gives a sample of a castor farming business plan template & FREE feasibility report. For example, if the climatic condition is unfavorable and if there are natural disaster in the location where you have your castor bean (castor oil plant) farm, then it will directly affect the harvest of olives and also the prices of your farm produce. Customers want to have natural and plant alternatives to medication. The price of castor oil plant is typically the most reliable driver of industry performance. Leading producing areas are India (with over three-quarters of the global yield), China and Mozambique, and it is widely grown as a crop in Ethiopia. These are the areas we will concentrate on in our castor bean (castor oil plant) farm. See also:Tips to Start Greenhouse Farming Business in Nigeria 10. Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and companies that rely on castor beans (castor oil plants) and castor oil as their major raw materials. A business plan is not some rigid rule-setting standard that must be set in stone. Ecological requirements. If need arises, we will definitely cultivate related crops; Jake Tyson® Castor Bean Farms, Inc. is an castor bean (castor oil plant) farm that intend starting small in Pawtucket – Rhode Island, but hope to grow big in order to compete favorably with leading commercial castor bean (castor oil plant) farms in the commercial castor bean (castor oil plant) farming industry both in the United States and on a global stage. A business plan is one tool that can help you identify where to focus your resources and how to plan ahead.