How to write a business plan for a rice farm?

rice farm business plan

Creating a business plan for a rice farm is an essential process for any entrepreneur. It serves as a roadmap that outlines the necessary steps to be taken to start or grow the business, the resources required, and the anticipated financial outcomes. It should be crafted with method and confidence.

This guide is designed to provide you with the tools and knowledge necessary for creating a rice farm business plan, covering why it is so important both when starting up and running an established business, what should be included in your plan, how it should be structured, what tools should be used to save time and avoid errors, and other helpful tips.

We have a lot to cover, so let's get to it!

In this guide:

Why write a business plan for a rice farm?

  • What information is needed to create a business plan for a rice farm?
  • What goes in the financial forecast for a rice farm?
  • What goes in the written part of a rice farm business plan?
  • What tool can I use to write my rice farm business plan?

Being clear on the scope and goals of the document will make it easier to understand its structure and content. So before diving into the actual content of the plan, let's have a quick look at the main reasons why you would want to write a rice farm business plan in the first place.

To have a clear roadmap to grow the business

Small businesses rarely experience a constant and predictable environment. Economic cycles go up and down, while the business landscape is mutating constantly with new regulations, technologies, competitors, and consumer behaviours emerging when we least expect it.

In this dynamic context, it's essential to have a clear roadmap for your rice farm. Otherwise, you are navigating in the dark which is dangerous given that - as a business owner - your capital is at risk.

That's why crafting a well-thought-out business plan is crucial to ensure the long-term success and sustainability of your venture.

To create an effective business plan, you'll need to take a step-by-step approach. First, you'll have to assess your current position (if you're already in business), and then identify where you'd like your rice farm to be in the next three to five years.

Once you have a clear destination for your rice farm, you'll focus on three key areas:

  • Resources: you'll determine the human, equipment, and capital resources needed to reach your goals successfully.
  • Speed: you'll establish the optimal pace at which your business needs to grow if it is to meet its objectives within the desired timeframe.
  • Risks: you'll identify and address potential risks you might encounter along the way.

By going through this process regularly, you'll be able to make informed decisions about resource allocation, paving the way for the long-term success of your business.

To anticipate future cash flows

Regularly comparing your actual financial performance to the projections in the financial forecast of your rice farm's business plan gives you the ability to monitor your business's financial health and make necessary adjustments as needed.

This practice allows you to detect potential financial issues, such as unexpected cash shortfalls before they escalate into major problems. Giving you time to find additional financing or put in place corrective measures.

Additionally, it helps you identify growth opportunities, like excess cash flow that could be allocated to launch new products and services or expand into new markets.

Staying on track with these regular comparisons enables you to make well-informed decisions about the amount of financing your business might require, or the excess cash flow you can expect to generate from your main business activities.

To secure financing

A detailed business plan becomes a crucial tool when seeking financing from banks or investors for your rice farm.

Investing and lending to small businesses are very risky activities given how fragile they are. Therefore, financiers have to take extra precautions before putting their capital at risk.

At a minimum, financiers will want to ensure that you have a clear roadmap and a solid understanding of your future cash flows (like we just explained above). But they will also want to ensure that your business plan fits the risk/reward profile they seek.

This will off-course vary from bank to bank and investor to investor, but as a rule of thumb. Banks will want to see a conservative financial management style (low risk), and they will use the information in your business plan to assess your borrowing capacity — the level of debt they think your business can comfortably handle — and your ability to repay the loan. This evaluation will determine whether they'll provide credit to your rice farm and the terms of the agreement.

Whereas investors will carefully analyze your business plan to gauge the potential return on their investment. Their focus lies on evidence indicating your rice farm's potential for high growth, profitability, and consistent cash flow generation over time.

Now that you recognize the importance of creating a business plan for your rice farm, let's explore what information is required to create a compelling plan.

Need a convincing business plan?

The Business Plan Shop makes it easy to create a financial forecast to assess the potential profitability of your projects, and write a business plan that’ll wow investors.

The Business Plan Shop's Business Plan Software

Information needed to create a business plan for a rice farm

Drafting a rice farm business plan requires research so that you can project sales, investments and cost accurately in your financial forecast, and convince the reader that there is a viable commercial opportunity to be seized.

Below, we'll focus on three critical pieces of information you should gather before starting to write your plan.

Carrying out market research for a rice farm

As you consider writing your business plan for a rice farm, conducting market research becomes a vital step to ensure accurate and realistic financial projections.

Market research provides valuable insights into your target customer base, competitors, pricing strategies, and other key factors that can significantly impact the commercial success of your business.

Through this research, you may uncover trends that could influence your rice farm.

You may discover that consumers are increasingly interested in organic and locally-sourced products, which could suggest an opportunity to promote your rice farm as a provider of sustainable, locally-sourced food. Additionally, research might reveal that there is a growing demand for specialty varieties of rice, which could open up a new market for your farm to explore.

Such market trends play a significant role in forecasting revenue, as they offer valuable data about potential customers' spending habits and preferences.

By incorporating these findings into your financial projections, you can present investors with more accurate information, helping them make informed decisions about investing in your rice farm.

Developing the marketing plan for a rice farm

Before delving into your rice farm business plan, it's imperative to budget for sales and marketing expenses.

To achieve this, a comprehensive sales and marketing plan is essential. This plan should provide an accurate projection of the necessary actions to acquire and retain customers.

Additionally, it will outline the required workforce to carry out these initiatives and the corresponding budget for promotions, advertising, and other marketing endeavours.

By budgeting accordingly, you can ensure that the right resources are allocated to these vital activities, aligning them with the sales and growth objectives outlined in your business plan.

The staffing and equipment needs of a rice farm

Whether you are at the beginning stages of your rice farm or expanding its horizons, having a clear plan for recruitment and capital expenditures (investment in equipment and real estate) is vital to ensure your business's success.

To achieve this, both the recruitment and investment plans must align coherently with the projected timing and level of growth in your forecast. It is essential to secure appropriate funding for these plans.

A rice farm might incur staffing costs such as salaries for farmhands, agricultural laborers, and farm managers. Equipment costs could include the purchase or lease of farm machinery, irrigation systems, and other necessary tools for planting, harvesting, and processing the rice.

To create a financial forecast that accurately represents your business's outlook, remember to factor in other day-to-day operating expenses.

Now that you have all the necessary information, it's time to dive in and start creating your business plan and developing the financial forecast for your rice farm.

What goes into your rice farm's financial forecast?

The objective of the financial forecast of your rice farm's business plan is to show the growth, profitability, funding requirements, and cash generation potential of your business over the next 3 to 5 years.

The four key outputs of a financial forecast for a rice farm are:

  • The profit and loss (P&L) statement ,
  • The projected balance sheet ,
  • The cash flow forecast ,
  • And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

The projected P&L statement for a rice farm shows how much revenue and profits your business is expected to generate in the future.

projected profit and loss statement example in a rice farm business plan

Ideally, your rice farm's P&L statement should show:

  • Healthy growth - above inflation level
  • Improving or stable profit margins
  • Positive net profit

Expectations will vary based on the stage of your business. A startup will be expected to grow faster than an established rice farm. And similarly, an established company should showcase a higher level of profitability than a new venture.

The projected balance sheet of your rice farm

The balance sheet for a rice farm is a financial document that provides a snapshot of your business’s financial health at a given point in time.

It shows three main components: assets, liabilities and equity:

  • Assets: are resources owned by the business, such as cash, equipment, and accounts receivable (money owed by clients).
  • Liabilities: are debts owed to creditors and other entities, such as accounts payable (money owed to suppliers) and loans.
  • Equity: includes the sums invested by the shareholders or business owners and the cumulative profits and losses of the business to date (called retained earnings). It is a proxy for the value of the owner's stake in the business.

example of projected balance sheet in a rice farm business plan

Examining the balance sheet is important for lenders, investors, or other stakeholders who are interested in assessing your rice farm's liquidity and solvency:

  • Liquidity: assesses whether or not your business has sufficient cash and short-term assets to honour its liabilities due over the next 12 months. It is a short-term focus.
  • Solvency: assesses whether or not your business has the capacity to repay its debt over the medium-term.

Looking at the balance sheet can also provide insights into your rice farm's investment and financing policies.

In particular, stakeholders can compare the value of equity to the value of the outstanding financial debt to assess how the business is funded and what level of financial risk has been taken by the owners (financial debt is riskier because it has to be repaid, while equity doesn't need to be repaid).

The projected cash flow statement

A cash flow forecast for a rice farm shows how much cash the business is projected to generate or consume.

example of cash flow forecast in a rice farm business plan

The cash flow statement is divided into 3 main areas:

  • The operating cash flow shows how much cash is generated or consumed by the operations (running the business)
  • The investing cash flow shows how much cash is being invested in capital expenditure (equipment, real estate, etc.)
  • The financing cash flow shows how much cash is raised or distributed to investors and lenders

Looking at the cash flow forecast helps you to ensure that your business has enough cash to keep running, and can help you anticipate potential cash shortfalls.

It is also a best practice to include a monthly cash flow statement in the appendices of your rice farm business plan so that the readers can view the impact of seasonality on your business cash position and generation.

The initial financing plan

The initial financing plan - also called a sources and uses table - is an important tool when starting a rice farm.

It shows where the money needed to set up the business will come from (sources) and how it will be allocated (uses).

initial financing plan in a rice farm business plan

Having this table helps understand what costs are involved in setting up the rice farm, how the risks are distributed between the shareholders and the lenders, and what will be the starting cash position (which needs to be sufficient to sustain operations until the business breaks even).

Now that the financial forecast of a rice farm business plan is understood, let's focus on what goes into the written part of the plan.

Need inspiration for your business plan?

The Business Plan Shop has dozens of business plan templates that you can use to get a clear idea of what a complete business plan looks like.

The Business Plan Shop's Business Plan Templates

The written part of a rice farm business plan

The written part of the business plan is where you will explain what your business does and how it operates, what your target market is, whom you compete against, and what strategy you will put in place to seize the commercial opportunity you've identified.

Having this context is key for the reader to form a view on whether or not they believe that your plan is achievable and the numbers in your forecast realistic.

The written part of a rice farm business plan is composed of 7 main sections:

  • The executive summary
  • The presentation of the company
  • The products and services
  • The market analysis
  • The strategy
  • The operations
  • The financial plan

Let's go through the content of each section in more detail!

1. The executive summary

In your rice farm's business plan, the first section is the executive summary — a captivating overview of your plan that aims to pique the reader's interest and leave them eager to learn more about your business.

When crafting the executive summary, start with an introduction to your business, including its name, concept, location, how long it has been running, and what sets it apart. Briefly mention the products and services you plan to offer and your target customer profile.

Following that, provide an overview of the addressable market for your rice farm, current trends, and potential growth opportunities.

Next, include a summary of key financial figures like projected revenues, profits, and cash flows.

Finally, in the "ask" section, detail any funding requirements you may have.

2. The presentation of the company

The second section in your rice farm's business plan should focus on the structure and ownership, location, and management team of the company.

The structure and ownership part provides an overview of the legal structure of the business, who the owners are and how much each has invested and owns. If you are seeking financing it is important that the reader gets a clear picture of which legal entity is receiving the funds, and who controls the business.

The location part should give an overview of the premises from which the company is operating, and why that location is of particular interest (catchment area, accessibility, amenities nearby, etc.).

When describing the location of your rice farm, you may emphasize its potential for profitability by highlighting its proximity to major markets and transportation hubs. You could point out that the farm is located in an area with a long history of successful rice production and a supportive business climate. You might also mention that the region has a favorable climate for growing rice, with access to ample fresh water. Finally, you could emphasize that the farm is in a region with a growing population, providing a large potential customer base.

Finally, you should introduce the management team. Explain each member's role, background, and experience.

It is also important to emphasize any past successes that the members of the management team have achieved, and how long they've been working together, as this will help potential lenders or investors understand why they should trust in their leadership.

3. The products and services section

The products and services section of your rice farm business plan should include a detailed description of what your company sells to its customers. 

For example, your rice farm might offer customers a variety of organic rice products such as jasmine, basmati, and brown rice. It might also offer custom milling services to ensure that customers can purchase the grain in the form they prefer. Additionally, the farm may offer educational resources such as educational tours of the farm and classes on growing and harvesting rice. These services and products provide customers with access to the freshest and healthiest rice, as well as knowledge and understanding about the rice industry.

The reader will want to understand what makes your rice farm unique from other businesses in this competitive market.

When drafting this section, you should be precise about the categories of products or services you sell, the clients you are targeting and the channels that you are targeting them through. 

4. The market analysis

When outlining your market analysis in the rice farm business plan, it's essential to include comprehensive details about customers' demographics and segmentation, target market, competition, barriers to entry, and relevant regulations.

The primary aim of this section is to give the reader an understanding of the market size and appeal while demonstrating your expertise in the industry.

To begin, delve into the demographics and segmentation subsection, providing an overview of the addressable market for your rice farm, key marketplace trends, and introducing various customer segments and their preferences in terms of purchasing habits and budgets.

Next, shift your focus to the target market subsection, where you can zoom in on the specific customer segments your rice farm targets. Explain how your products and services are tailored to meet the unique needs of these customers.

For example, your target market might include people who are looking for organic, locally grown rice. They may be interested in supporting local farmers and purchasing products that are sustainable and free from pesticides and other chemicals. Additionally, they may be willing to pay a premium for higher quality rice that is not mass produced.

In the competition subsection, introduce your main competitors and explain what sets your rice farm apart from them.

Finally, round off your market analysis by providing an overview of the main regulations that apply to your rice farm.

5. The strategy section

When crafting the strategy section of your business plan for your rice farm, it's important to cover several key aspects, including your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

In the competitive edge subsection, clearly explain what sets your company apart from competitors. This is particularly critical if you're a startup, as you'll be trying to establish your presence in the marketplace among entrenched players.

The pricing strategy subsection should demonstrate how you aim to maintain profitability while offering competitive prices to your customers.

For the sales & marketing plan, outline how you plan to reach and acquire new customers, as well as retain existing ones through loyalty programs or special offers.

In the milestones subsection, detail what your company has achieved thus far and outline your primary objectives for the coming years by including specific dates for expected progress. This ensures everyone involved has clear expectations.

Lastly, in the risks and mitigants subsection, list the main risks that could potentially impact the execution of your plan. Explain the measures you've taken to minimize these risks. This is vital for investors or lenders to feel confident in supporting your venture - try to proactively address any objection they might have.

Your rice farm faces a variety of risks that could impact your ability to grow and produce a successful crop. For example, you may face the risk of weather-related issues, such as an unexpected frost, drought, or heavy rain that could damage or destroy your crop. Additionally, your farm could be vulnerable to pests and diseases that could threaten the health of your plants and your yield. It is important to be aware of these potential risks and have a plan to address them in order to ensure the success of your farm.

6. The operations section

The operations of your rice farm must be presented in detail in your business plan.

Begin by addressing your staff, specifying the main roles and your recruitment plan to support the anticipated growth. Outline the qualifications and experience needed for each role and discuss your recruitment strategies, which may involve using job boards, referrals, or headhunters.

Next, clearly state your rice farm's operating hours, allowing the reader to gauge the adequacy of your staffing levels. Additionally, mention any considerations for varying opening times during peak seasons and your approach to handling customer queries outside regular operating hours.

The key assets and intellectual property (IP) required to run your business should also be highlighted. If you rely on licenses, trademarks, physical structures like equipment or property, or lease agreements, ensure they are well-documented in this section.

You may have some key assets and IP that could include the land itself and the machinery used to tend the farm. The land could be considered the most valuable asset, as the quality of the soil and the amount of water available could be key factors in the success of the farm. The machinery may also be an important asset, as it could help to increase production and efficiency.

Finally, provide a comprehensive list of suppliers you intend to collaborate with, along with a breakdown of their services and main commercial terms, such as price, payment terms, break clauses and contract duration. Investors often seek insight into the reasons behind your supplier choices, which may include a preference for higher-quality products or established relationships from past ventures.

7. The presentation of the financial plan

The financial plan section is where we will include the financial forecast we talked about earlier in this guide.

Now that you have a clear idea of the content of a rice farm business plan, let's look at some of the tools you can use to create yours.

What tool should I use to write my rice farm's business plan?

In this section, we will be reviewing the two main solutions for creating a rice farm business plan:

  • Using specialized online business plan software,
  • Outsourcing the plan to the business plan writer.

Using an online business plan software for your rice farm's business plan

Using online business planning software is the most efficient and modern way to create a rice farm business plan.

There are several advantages to using specialized software:

  • You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
  • You are guided through the writing process by detailed instructions and examples for each part of the plan
  • You can access a library of dozens of complete business plan samples and templates for inspiration
  • You get a professional business plan, formatted and ready to be sent to your bank or investors
  • You can easily track your actual financial performance against your financial forecast
  • You can create scenarios to stress test your forecast's main assumptions
  • You can easily update your forecast as time goes by to maintain visibility on future cash flows
  • You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

Need a solid financial forecast?

The Business Plan Shop does the maths for you. Simply enter your revenues, costs and investments. Click save and our online tool builds a three-way forecast for you instantly.

Screenshot from The Business Plan Shop's Financial Forecasting Software

Hiring a business plan writer to write your rice farm's business plan

Outsourcing your rice farm business plan to a business plan writer can also be a viable option.

Business plan writers are experienced in writing business plans and adept at creating financial forecasts without errors. Furthermore, hiring a consultant can save you time and allow you to focus on the day-to-day operations of your business.

However, hiring business plan writers is expensive as you are paying for the software used by the consultant, plus their time, and their profit margin of course.

From experience, you need to budget at least £1.5k ($2.0k) excluding tax for a complete business plan, more if you need to make changes after the initial version (which happens frequently after the initial meetings with lenders or investors).

You also need to be careful when seeking investment. Investors want their money to be used to grow the business, not spent on consulting fees. Therefore, the amount you spend on business plan writing services (and other consulting services such as legal services) needs to be negligible relative to the amount raised.

The other drawback is that you usually don't own the business plan itself: you just get the output, while the actual document is saved in the consultant's business plan software - which makes it difficult to maintain the document up to date without hiring the consultant on a retainer.

For these reasons, outsourcing the rice farm business plan to a business plan writer should be considered carefully, weighing both the advantages and disadvantages of hiring outside help.

Ultimately, it may be the right decision for some businesses, while others may find it beneficial to write their business plan using online software.

Why not create your rice farm's business plan using Word or Excel?

I must advise against using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write your rice farm business plan. Let me explain why.

Firstly, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is highly technical and requires a strong grasp of accounting principles and financial modelling skills. It is, therefore, unlikely that anyone will fully trust your numbers unless you have both a degree in finance and accounting and significant financial modelling experience, like us at The Business Plan Shop.

Secondly, relying on spreadsheets is inefficient. While it may have been the only option in the past, technology has advanced significantly, and software can now perform these tasks much faster and with greater accuracy. With the rise of AI, software can even help us detect mistakes in forecasts and analyze the numbers for better decision-making.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Moreover, software makes it easier to compare actuals versus forecasts and maintain up-to-date forecasts to keep visibility on future cash flows, as we discussed earlier in this guide. This task is cumbersome when using spreadsheets.

Now, let's talk about the written part of your rice farm business plan. While it may be less error-prone, using software can bring tremendous gains in productivity. Word processors, for example, lack instructions and examples for each part of your business plan. They also won't automatically update your numbers when changes occur in your forecast, and they don't handle formatting for you.

Overall, while Word or Excel may seem viable for some entrepreneurs to create a business plan, it's by far becoming an antiquated way of doing things.

  • Having an up-to-date business plan is key to maintaining visibility on your future cash flows.
  • A business plan has 2 parts: a financial forecast highlighting the expected growth, profitability and cash generation of the business; and a written part which provides the context needed to interpret and assess the quality of the forecast.
  • Using business plan software is the modern way of writing and maintaining business plans.

We hope that this guide helped you to better understand how to write the business plan for a rice farm. If you still have questions, do not hesitate to contact us.

Also on The Business Plan Shop

  • How to write a 5 years business plan
  • Business plan myths

Know someone who owns or wants to start a rice farm? Share this article with them!

Guillaume Le Brouster

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

Create a convincing business plan

Assess the profitability of your business idea and create a persuasive business plan to pitch to investors

The Business Plan Shop | Business Plan Software

500,000+ entrepreneurs have already tried our solution - why not join them?

Not ready to try our on-line tool ? Learn more about our solution here

Need some inspiration for your business plan?

Subscribe to The Business Plan Shop and gain access to our business plan template library.

business plan template library

Need a professional business plan? Discover our solution

Write your business plan with ease!

Business Plan Software

It's easy to create a professional business plan with The Business Plan Shop

Want to find out more before you try? Learn more about our solution here

Rice Farming: Best Business Plan With 20 Tips

  • Pinterest 11

If you are wondering ‘how is rice grown’, then you are in the right place. Here we are describing more about rice farming business.

Rice farming is very common and popular throughout the world. And rice is the number one and most widely consumed staple food in the world.

Rice is consumed as staple food by a large part of the world’s human population (especially in Asia).

Rice is actually the seed of the grass species Oryza sativa (or Oryza glaberrima for African rice). Rice (a monocot) is normally grown as an annual plant.

But in the tropical areas, the rice plants can survive as a perennial and can produce a ratoon crop for up to 30 years.

Depending on the variety and soil fertility, the rice plant can grow from 3.3 feet to 5.9 feet tall or even more.

Leaves of the rice plants are 20-39 inches long and less than 1 inch broad (typically 0.79-0.98 inch). The flowers are very small and are wind pollinated.

The flowers are produced in a branched arching to pendulous inflorescence 12-20 inches long. And the edible seed is a grain (caryopsis) which is 0.20-0.47 inch long, and 0.079-0.118 inch thick.

Rice farming is well-suited to countries and regions with low labor costs and high rainfall.

Because, rice farming requires ample water and it is labor-intensive. Although, rice can be grown almost anywhere (even on mountain area or steep hill with the use of water-controlling terrace system. Rice actually grows well in Asia and certain parts of Africa.

Rice is the most popular staple food and it is used in many different ways. A major amount or portion of sugarcane and maize crops are used for purposes other than human consumption.

But rice is the most important grain with regard to human nutrition and caloric intake. Rice is providing more than one-fifth of the calories consumed worldwide by humans.

Table of Contents

How is Rice Grown

Rice farming is very easy and simple, and you can start growing rice if you are a beginner.

Rice can be grown in different types of soil and different environment, depending on the availability of water.

Here we are describing everything about rice farming from planting, caring to harvesting.

Select a Good Location

First of all, you have to select a very good location for rice farming. Rice plants are versatile, and they can be grown on a wide variety of soil types with low permeability and pH varying from 5.0 to 9.5. The rice plants require full sun, so the selected land should have access to full sun.

rice, rice farming, commercial rice farming, growing rice, growing rice commercially, guide for growing rice, rice farming for profit, rice farming business, commercial rice farming, how is rice grown

Depending on the availability of water, rice can be grown in many different environments. The plants can be grown in both irrigated and rainfed method, and they can also survive flooding. However, favorable rice growing environments are;

  • Coastal wetland
  • Deep water or floating rice
  • Lowland, irrigated (rice is grown in both the wet season and the dry season)
  • Lowland, rainfed (which is drought prone, favors medium depth , watrlogged, submergence and flood prone)
  • Upland rice

Preparing the Soil

Rice farming is possible in a wide range of soil types. Sandy loam to loamy sand to silty loam to clay loams, silty to clayey loam soils with low permeability, free of sodicity are considered best for rice farming.

Whatever the soil type is, you have to prepare it perfectly for growing rice. You have to ensure that the soil is in it’s best physical condition for crop growth and the soil surface is level.

Land preparation for rice farming involves plowing and harrowing to ’till’ or dig-up, mix and level the soil.

Tillage helps with weed control, and also allows the seeds to be planted at the right depth. And then you have to level the surface for reducing the amount of water wasted by uneven pockets of too-deep water or exposed soil.

Semi-dry, dry and wet systems are generally followed in rice farming. The dry and semi-dry systems of rice farming depends on rains, and generally do not have supplementary irrigation facilities.

On the other hand in wet rice farming system, the rice crop is grown with assured and abundant water supply either by rain or by irrigation. We are describing about all these systems below.

Dry & Semi-Dry System

For rice farming in these system, you have to prepare the field by giving several ploughings and harrowing. While ploughing and harrowing, add lots of organic contents into it. You should add organic contents into the soil at least 2-4 weeks before sowing or planting.

In wet system, plough the field thoroughly and puddle with 3-5 cm of standing water in the field. The ideal depth of puddling is found to be around 10 cm in clay soils, clay-loamy soils. Level the land after puddling, and doing this is important to facilitate a uniform distribution of water and fertilizers.

For commercial rice farming business, you also have to apply some chemical fertilizer for generating maximum yield. Although exact amount of fertilizers can vary from place to place. On average, you will need to apply around 50 kg Nitrogen, 12 kg Phosphorus and 12 kg Potash. Conduct a soil test before applying chemical fertilizers into it. And if possible consult with an agriculture specialist in your area for having good recommendation.

Climate Requirements for Rice Farming

Rice plants can be grown in a wide variety of climatic conditions. They can also be grown under widely varying conditions of altitude, and they can be cultivated as high as 3000 meter above sea level.

Actually relatively hot and humid climatic conditions are considered good for rice farming.

Rice is best grown in areas/regions where abundant water supply, prolonged sunshine and high humid condition is available. Temperature between 16 °C and 30 °C is considered best for rice farming.

Best Time for Rice Farming

Rice can be grown at any time of the year. The seeds will germinate and the plants will grow well as long as the temperature is between 16 °C and 30 °C (although the plants can survive as high as 40 °C).

Choose a Variety

There are many varieties (actually too many varieties) or cultivars of rice available throughout the world.

Rice varieties and types are divided into different categories depending on culinary preferences, characteristics and also vary regionally.

Depending on region, there are hundreds or thousands or even more rice varieties available and new varieties are being developed continuously.

In case of regional rice varieties, there are countless rice varieties available. Each of these varieties are found in specific region. For example ‘Kalo Beruin, Khato Dosh, Lapha, Balam, Bashmoti, Bina, Chinigura, Digha, Gadai Lashkari, Katari Bhog, Miniket, Mou Beruin, Moulata, Pajam and Thakur Bhog are some Bangladeshi rice variety. Bhut Muri, Hansraj, Dubrej, Hay Shrirama, Kamini, Patna and Laxmi Bhog are some Indian rice varieties.

rice, rice farming, commercial rice farming, growing rice, growing rice commercially, guide for growing rice, rice farming for profit, rice farming business, commercial rice farming, how is rice grown

In case of culinary preferences, the varieties of rice are generally classified as long, medium and short grained.

The long grain rice tend to remain intact after cooking. The medium grain rice becomes more sticky and is generally used for sweet dishes.

And the short-grain rice is often used for rice pudding. And within these 3 varieties there are several cultivars available around the world.

Many different rice varieties available depending on the characteristics or color. Brown, white, red, black and purple colored rice varieties are available.

There are also many different improved or hybrid rice varieties available. These improved varieties are highly productive and yield more than the traditional varieties.

However, you have to choose a rice variety deepening on it’s availability in your area and you also have to consider your production purpose while selecting a variety.

But you should always choose the local varieties which are easily available in your area. Please contact your local govt. or private seed manufacturer for getting high yielding, disease resistant varieties.

Purchase Seeds

After selecting your desired variety, purchase seed from any of your local suppliers.

Consider purchasing good quality, high yielding and disease free seeds from any of your local govt. or private seed manufacturer.

Seeds per Acre

Exact amount of seeds depend on the rice variety and also on the method you are going to follow for rice farming.

Generally, 10-12 kg seeds will be enough for direct sowing, and 25-30 kg will be enough for transplanting method.

The rice plant is grown in two ways. They are grown either by direct seeding or by transplanting. Whichever system you use, you should treat the seeds by fungicide/insecticide before sowing.

Direct Sowing

In direct seeding system, you have to broadcast dry seed or pre-germinated seeds by hand or by using a machine. The dry seeds are manually broadcasted onto the soil surface in rainfed and deepwater ecosystems, and then incorporated either by ploughing or by harrowing while the soil is still dry.

But the seeds are generally pre-germinated prior to broadcasting in the irrigated areas. This is very easy method and requires less labor.

Transplanting

Transplanting is the most popular rice planting method across Asia. In this system, the seedlings are grown in a prepared seedbed and then transplanted to the main wet field. This system requires less seed and it is an effective method for controlling weeds.

Transplanting method require more labor, although today there are some machines available for planting the transplants which will reduce the use of labor.

Taking additional care is a must for rice farming. Rice is not a plant and then harvest crop, and the plants require lots of care.

Here we are describing more about the caring process for growing rice.

Fertilizing

Applying additional fertilizers is needed for maximum yield. Don’t apply all these chemical fertilizers into the soil at once while preparing the soil. Apply all the organic fertilizers and half of the chemical fertilizers during preparing the soil. And then apply remaining half chemical fertilizers twice with 30 days interval.

Cultivated rice is extremely sensitive to water shortages. Maintaining a flooded condition in the field is good for ensuring sufficient water during the growth period (do this especially for lowland rice farming).

In rainfed rice farming conditions, you don’t have to think much about it and nature will do the rest. But in case of dry or semi-dry conditions, you have to water the field regularly. Remember, you must have to keep the field flooded for up to 2 weeks after transplanting.

rice, rice farming, commercial rice farming, growing rice, growing rice commercially, guide for growing rice, rice farming for profit, rice farming business, commercial rice farming, how is rice grown

Controlling Weeds

Controlling weeds is very important for rice farming. Weeds consume nutrients from the soil, so you have to remove them from the field. Manual weeding or chemical weeding both are used for commercial rice farming business. Consult with your local agriculture specialist for having good recommendation.

Pests and Diseases

Rice plants are susceptible to some pests and diseases, just like many other commercial crops.

The rice plant has a wide array of ‘enemies’ in the field including rodents, harmful insects, viruses and diseases.

Understanding the interactions among pests, natural enemies, host plants, other organisms, and the environment allows farmers to determine what if any pest management may be necessary.

It’s always good to keep good contact with an agriculture specialist in your area for controlling all these pests, diseases or other problems.

Depending on the variety, the rice plants reach maturity at around 105 to 150 days after crop establishment.

You can start harvesting the crop when the moisture content into the grain reduce to 20%-25%.

Rice harvesting activities include cutting, stacking, handling, threshing, cleaning and hauling.

You can do all the harvesting activities either by hand or by using a machine. And remember, good harvesting methods help to maximize grain yield and minimize grain damage and deterioration.

Manual Harvesting

Manual harvesting is very common across Asia , and it involves cutting the rice crop with simple hand tools like sickles and knives. Manual harvesting is good and actually very effective when a crop has lodged or fallen over. But manual harvesting is labor intensive and sometimes costly.

Mechanical Harvesting

Mechanical harvesting is easy and is less labor intensive. Mechanical harvesting is done using reapers or combine harvesters. Mechanical harvesting is not common or popular in most areas mainly due to the availability and cost of the machinery.

Total yield can vary depending on various factors such as chosen variety, soil type, cultivation method, farm management practices etc.

On average, with modern improved varieties, you can expect about 1500 to 2000 kg per acre.

Rice Nutrition

Rice is the most important grain with regard to human nutrition and caloric intake (providing more than one-fifth of the calories consumed by humans worldwide).

It is the staple food of over half the world’s population. According to Wikipedia , cooked, unenriched, white, long-grained rice is composed of 3% protein, 28% carbohydrates, 68% water and negligible amount of fat’.

rice, rice farming, commercial rice farming, growing rice, growing rice commercially, guide for growing rice, rice farming for profit, rice farming business, commercial rice farming, how is rice grown

And in 100 gram cooked rice serving, it provides 130 calories and contains no micronutrients in significant amounts (with all less than 10% of the Daily Value).

Cooked, white, short-grained rice also provides 130 calories and contains moderate amounts of B vitamins, iron, and manganese (10–17% DV) per 100 gram amount.

Health Benefits of Rice

Rice is the staple food of over half of the world’s population. Most of the people eat rice without knowing or caring about it’s health benefits. However, some notable health benefits of rice are;

  • It is a good source of energy and it’s cholesterol free.
  • Rice is a moderate source of some vitamins and minerals.
  • Rice bran oil is considered healthy, and it supports cardiovascular health.
  • Consuming rice is good for preventing skin problems and also helps in preventing chronic constipation.
  • Rice is said to help in cancer prevention, and also helps in blood pressure management.

Hope you have enjoyed this guide. Rice is the most economically important crop around the world. And commercial rice farming business is very profitable if you can do everything perfectly. Good luck!

Best Rice Farming Tips

Rice farming is a challenging and complex process that requires a lot of knowledge and experience to get it right. Here we will share with you some of the best rice farming tips to help you grow healthy and productive rice crops.

Choose the Right Variety of Rice

The first step to a successful rice harvest is choosing the right variety of rice. There are many different types of rice, each with its own characteristics and requirements.

Some varieties of rice are better suited to certain growing conditions than others, so it’s important to do your research and choose the right type of rice for your climate and soil type.

Prepare the Soil

Before planting rice, it’s important to prepare the soil. Rice thrives in well-drained soil with a pH between 6 and 7.5. You should also ensure that the soil is free of weeds and other debris that could impede the growth of your rice crop.

Plant at the Right Time

Rice should be planted at the right time to ensure optimal growth and yield. In general, rice should be planted during the rainy season when there is plenty of water available. This is typically between May and July in most parts of the world.

Use High-Quality Seeds

The quality of your rice crop will depend largely on the quality of your seeds. You should always use high-quality seeds that are disease-free and have a high germination rate. This will ensure that your rice plants grow strong and healthy.

Ensure Proper Spacing

Rice plants need plenty of space to grow and develop properly. You should plant your rice seeds at least 15 centimeters apart to ensure adequate spacing between plants.

Provide Adequate Water

Rice plants require a lot of water to grow properly. You should ensure that your rice fields are well-irrigated throughout the growing season to prevent water stress and ensure optimal growth.

Control Weeds

Weeds can be a major problem in rice fields, as they compete with rice plants for nutrients and water. You should control weeds by using herbicides or manual weeding to prevent them from taking over your rice crop.

Apply Fertilizer

Rice plants require a lot of nutrients to grow properly. You should apply fertilizer to your rice fields to ensure that your crops have all the nutrients they need to grow strong and healthy.

Control Pests and Diseases

Pests and diseases can be a major problem in rice farming, as they can quickly destroy your crops if left unchecked. You should monitor your rice fields regularly for signs of pests and diseases and take action quickly to prevent them from spreading.

Monitor Soil Moisture

Rice plants require consistent soil moisture to grow properly. You should monitor soil moisture levels regularly and adjust your irrigation as needed to ensure optimal moisture levels for your crops.

Use Organic Farming Practices

Organic farming practices can help you grow healthier and more sustainable rice crops. You should use organic fertilizers and pesticides, avoid synthetic chemicals, and promote biodiversity in your rice fields to create a healthy and balanced ecosystem.

Rotate Crops

Crop rotation can help prevent soil depletion and improve soil fertility. You should rotate your rice crops with other crops such as legumes, vegetables, or cereals to promote healthy soil and prevent soil-borne diseases.

Practice Conservation Tillage

Conservation tillage is a farming technique that involves leaving crop residue on the soil surface rather than tilling it under. This can help prevent soil erosion improve soil structure, and promote soil health.

You should practice conservation tillage in your rice fields to promote soil conservation and reduce your environmental impact.

Use Integrated Pest Management

Integrated pest management is a holistic approach to pest control that involves using a combination of techniques to control pests, such as biological control, crop rotation, and cultural practices.

You should use integrated pest management techniques in your rice fields to reduce your reliance on synthetic pesticides and promote a healthy and balanced ecosystem.

Monitor Nutrient Levels

Rice plants require a balanced supply of nutrients to grow properly. You should monitor nutrient levels in your rice fields regularly and adjust your fertilizer application as needed to ensure optimal nutrient levels for your crops.

Harvest at the Right Time

Rice should be harvested at the right time to ensure optimal yield and quality. In general, rice should be harvested when the grains have matured and turned brown. This is typically between 120 and 150 days after planting.

Dry and Store Properly

After harvesting, rice should be dried and stored properly to prevent spoilage and maintain quality. You should dry your rice to a moisture content of around 14% and store it in a cool, dry place to prevent spoilage and ensure optimal quality.

Plan for Crop Rotation

Crop rotation is an important aspect of rice farming that can help promote healthy soil and prevent soil-borne diseases. You should plan for crop rotation in your rice fields to promote healthy soil and ensure optimal crop growth.

Use Good Post-Harvest Practices

Good post-harvest practices can help maintain the quality of your rice crop and prevent spoilage. You should use good post-harvest practices such as proper drying, cleaning, and storage to ensure optimal quality and prevent spoilage.

Learn from Experience

Rice farming is a complex and challenging process that requires a lot of knowledge and experience. You should learn from your experiences and continuously improve your rice farming practices to ensure optimal yield and quality.

Seek Expert Advice

If you are new to rice farming or need help with a specific aspect of rice farming, you should seek expert advice from agricultural extension workers, agronomists, or other experts in the field. Expert advice can help you make informed decisions and improve your rice farming practices.

Recommended for You

Chilli Farming: Best Business Guide For Beginners

Chilli Farming: Best Business Guide For Beginners

Eucalyptus Farming: Best Business Guide & 28 Tips

Eucalyptus Farming: Best Business Guide & 28 Tips

Cashew Farming Business Plan For Beginners

Cashew Farming Business Plan For Beginners

Quinoa Farming Business Guide For Beginners

Quinoa Farming Business Guide For Beginners

Chickpea Farming Business Plan For Beginners

Chickpea Farming Business Plan For Beginners

Exclusive Growing Sesame Guide for Beginners

Exclusive Growing Sesame Guide for Beginners

3 thoughts on “rice farming: best business plan with 20 tips”.

' src=

YOU HAVE CREATED JOB TO MANKIND MAY GOD BLESS [email protected] ALIYU BAPETEL

' src=

Thanks for your honest opinion. May God bless you! Good luck!

' src=

You have raised my long lost hope of starting a rice farm THANK YOU

Leave a Comment Cancel Reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

ZenBusinessPlans

Home » Sample Business Plans » Wholesale & Retail

How to Write a Rice Retail Store Business Plan [Sample Template]

Are you about starting a rice retail store? If YES, here is a complete sample rice retail store business plan template & feasibility report you can use for FREE . Okay, so we have considered all the requirements for starting a rice retail store. We also took it further by analyzing and drafting a sample rice retail store marketing plan template backed up by actionable guerrilla marketing ideas for rice retail stores. So let’s proceed to the business planning section.

Why Start a Rice Retail Store?

There are businesses that someone with little schooling and no serious business background and training can start. One of such businesses is to open a rice retailing store. The major things you need to have in place to make success from this type of business is a good location, easy access to wholesale supply of quality rice and good customer service and accountability skills.

The truth is that if your rice shop is located in an area with good human and vehicular traffic, and you have quality and well – packaged rice in different sizes from different brands, you may not have to struggle to get people to visit your shop and make purchase.

So, if you have decided to open a rice retail store in your neighborhood, then you should ensure that you carry out feasibility studies and also market survey. This will enable you properly locate the business and then hit the ground running. Below is a sample rice retail store business plan template that can help you to successfully write your own with little or no hassle.

A Sample Rice Retail Store Business Plan Template

1. industry overview.

As the name of the business implies, rice retailing stores basically retail processed and bagged rice. Rice retail stores primarily purchase rice from wholesalers and retail them directly to end consumers – customers.

The Rice Retail Stores industry, just like most businesses in the retailing industry, depends on strong consumer spending to spur the demand for industry products. Over the last half a decade, the economy has begun recovering from recessionary declines with both the Consumer Confidence Index and disposable income increasing.

Going forward, as the economy of the united states continues to recover and consumers are expected to loosen their discretionary budgets, the industry is anticipated to experience growth.

The Rice Retail Stores industry is indeed a major sector of the economy of the United States of America and they generate several billion dollars annually from loads of rice retail stores scattered all around the United States of America.

The industry is responsible for the employment of well thousands of people. It is important to state that there is no rice retail store in the United States of America that has a lion share of the available market. New entrant into the industry can favorably compete for the available market.

It is a fact that an estimated two-thirds of the United States’ gross domestic product (GDP) comes from the general retail industry of which the rice retail stores industry also contributes.  This is why the United States of America’s economy is measured with the yardstick of how well the retailing business is fairing in the U.S.

In essence, when there is an unstable economy, purchasing power drops and it impacts the retailing / rice retailing stores industry negatively which may result in the closure of some rice retail stores.

Over and above, the rice retail store industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can choose to start on a small scale in a street corner or you can choose to start on a large scale with several outlets in key cities through the United States of America and Canada.

2. Executive Summary

Mercy Lurton Rice Store®, LLC is a standard and registered rice retail store business that will be located in one of the busiest streets in Charleston – West Virginia. We have been able to lease a facility that is big enough to fit into the design of the kind of standard rice retail store that we intend launching and the facility is located in a corner piece property directly opposite the largest residential estate in Charleston – West Virginia.

Mercy Lurton Rice Store®, LLC will retail short-grain rice, medium-grain rice and long-grain rice (both in organic and non – organic form) et al from different brands from the United States and abroad. We are set to services a wide range of clientele in and around Charleston – West Virginia.

We are aware that there are several large and small chains of rice retail store outlets all around Charleston – West Virginia, which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with all our competitors. We have an online – service option for our customers, and our outlet is well secured with various payments of options.

Mercy Lurton Rice Store®, LLC will ensure that all our customers are given first class treatment whenever they visit our rice retail store. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customers’ base may grow to.

We will ensure that we get our customers involved in the selection of brands that will be on available in our store and also when making some business decisions.

Mercy Lurton Rice Store®, LLC will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our products. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our customers.

Mercy Lurton Rice Store®, LLC is a family business that is owned by Mercy Lurton and her immediate family members. Mercy Lurton has a B.Sc. in Business Administration, with well over 5 years of experience in the retailing stores industry, working for some of the leading brand in the United States. Although the business is launching out with just one outlet in Charleston – West Virginia, but there is a plan to open other outlets all around major cities in the United States and Canada.

3. Our Products and Services

Mercy Lurton Rice Store®, LLC is in the rice retail stores industry to service a wide range of clients and of course to make profits, which is why we will ensure we go all the way to make available a wide range of well packaged rice from top rice production brands in the United States and other countries of the world.

We will ensure that we do all that is permitted by the law of the United States to achieve our aim and ambition of starting the business. Our product offerings are listed below;

  • Retailing short-grain rice, medium-grain rice and long-grain rice (both in organic and non – organic form) from different rice production brands

4. Our Mission and Vision Statement

  • Our vision is to become one of the leading brands in the rice retail stores industry in West Virginia and to establish a one stop rice retail store in Charleston – West Virginia and in other key cities in the United States of America and Canada.
  • Our mission is to establish a world – class rice retail store business that will make available a wide range of well – bagged rice from top rice production brands at affordable prices to the residence of Charleston – West Virginia and other key cities in the United States of America and Canada where we intend opening of chains of rice retail stores and franchise.

Our Business Structure

Mercy Lurton Rice Store®, LLC do not intend to start a rice retail store business like the usual mom and pop business around the street corner; our intention of starting a rice retail store business is to build a standard and one stop rice retail store outlet in Charleston – West Virginia.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers). As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more.

In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer (Owner)
  • Store Manager
  • Human Resources and Admin Manager

Merchandize Manager

Sales and Marketing Manager

Information Technologist

  • Accountants / Cashiers
  • Sales Agents / Customer Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Reports to the board

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversees the smooth running of the daily office activities.

Store Manager:

  • Responsible for managing the daily activities in the store
  • Ensures that proper records of bags of rice are kept and warehouse does not run out of products
  • Ensures that the store facility is in tip top shape and goods are properly arranged and easy to locate
  • Interfaces with third – party suppliers (vendors)
  • Controls rice distribution and supply inventory
  • Supervises the workforce in the rice sales floor.
  • Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
  • Helps to ensure consistent quality of well processed rice from different manufacturers are purchased and retailed in good price that will ensure we make good profit
  • Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
  • Ensures that the organization operates within stipulated budget.
  • Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Models demographic information and analyze the volumes of transactional data generated by customer purchases
  • Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Documents all customer contact and information
  • Represent the company in strategic meetings
  • Helps to increase sales and growth for the company
  • Manages the organization website
  • Handles ecommerce aspect of the business
  • Responsible for installing and maintenance of computer software and hardware for the organization
  • Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
  • Manages the organization’s CCTV
  • Handles any other technological and IT related duties.

Accountant / Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the organization
  • Serves as internal auditor for the organization

Client Service Executive

  • Ensures that all contacts with customers (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries (answer customer queries regarding the store and the merchandise)
  • Finds out the customer’s needs, recommend, select and help locate the right merchandise, describe a product’s features and benefits.
  • makes suggestions and encourage purchase of products
  • Provides information about merchandise and delivery options
  • Bags or packages purchases made
  • Responsible for cleaning all the store facility at all times
  • Ensures that toiletries and supplies don’t run out of stock
  • Cleans both the interior and exterior of the store facility
  • Handles any other duty as assigned by the store manager.

6. SWOT Analysis

Our intention to start just one outlet of our rice retail store in Charleston – West Virginia is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand the business and then open other rice retail outlets all over major towns in West Virginia and key cities in the United States and Canada.

We are quite aware that there are several rice retail stores all over Charleston and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Mercy Lurton Rice Store®, LLC employed the services of an expert HR and Business Analyst with bias in retailing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for Mercy Lurton Rice Store®, LLC;

Our location, the business model we will be operating on (physical store and online store), varieties of payment options, wide range of well processed and well – bagged rice from different rice production companies from within the United States and other parts of the world and our excellent customer service culture will definitely count as a strong strength for Mercy Lurton Rice Store®, LLC.

So also our management team members are people who have what it takes to grow a business from start – up to profitability with a record time.

A major weakness that may count against us is the fact that we are a new rice retail outlet and we don’t have the financial capacity to engage in the kind of publicity that we intend giving the business.

  • Opportunities:

The fact that we are going to be operating our rice retail store in one of the busiest streets in Charleston – West Virginia provides us with unlimited opportunities to sell our rice to a large number of individuals and businesses (hotels and restaurants).

We have been able to conduct thorough feasibility studies and market survey and we know what our potential customers will be looking for when they visit our rice store outlets; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new rice retail outlet in same location where ours is located. So also, unfavorable government policies may also pose a threat for businesses such as ours.

7. MARKET ANALYSIS

  • Market Trends

If you are conversant with the Rice Retail Stores Industry, you will quite agree that the changes in disposable income, consumer sentiment, and ever changing eating habits are major growth drivers for sales in this industry.

No doubt, a massive rise in consumer confidence has also contributed in helping the industry experience remarkable growth, but uneven performance in these drivers has led to slightly constrained revenue growth for the Rice Retail Stores industry. So also, the rising demand for organic rice, as a result of increasing disposable income and consumer sentiment, will result in revenue growth.

Rice retail store business has been in existence for as long as human started trading goods, but one thing is certain, the rice retail store industry is still evolving. The introduction of technology and subsequently homed delivery options, online grocery cum rice retail store has indeed helped in reshaping the industry.

It is now a common phenomenon for rice retail stores and grocery outlets to leverage on technology to effectively predict consumer demand patterns and to strategically position their store to meet their needs; in essence, the use of technology helps retailers to maximize supply chain efficiencies. No doubt data collected from customers goes a long way to help rice retail stores and grocery stores serve them better.

8. Our Target Market

Possibly it will be safe to submit that the rice retail stores industry has the widest range of customers; almost everybody on planet earth consume rice; rice is indeed one of the most popular staple food in the world.

In view of that, we have positioned our rice retail store to service the residence of Charleston – West Virginia and every other location where franchise cum outlets of our rice retail stores will be located all over key cities in the United States of America and Canada.

We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. We are in business to retail well processed and bagged rice from different rice production brands to the following groups of people and corporate organizations;

  • Restaurants

Our competitive advantage

A close study of the rice retail stores industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. We are aware of the stiffer competition and we are well prepared to compete favorably with other leading rice retail stores in Charleston – West Virginia and throughout the United States and Canada.

Mercy Lurton Rice Store®, LLC is launching a standard one stop rice retail store that will indeed become the preferred choice of residence of Charleston – West Virginia and every other location where our outlets will be opened.

Our rice retail store is located in a corner piece property on a busy road directly opposite one of the largest residential estates in Charleston – West Virginia. We have enough parking spaces that can accommodate well over 10 cars per time.

One thing is certain; we will ensure that we have a wide range of well – processed and well bagged rice from leading rice production companies available in our store at all times. It will be difficult for customers to visit our rice store and not see the type of rice they are looking for.

One of our business goals is to make Mercy Lurton Rice Store®, LLC a one stop rice shop for both household and businesses (hotels and restaurants et al) our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be amongst the best within our category (startups rice retail stores) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Mercy Lurton Rice Store®, LLC is in business to retail a wide range of well – processed and well – bagged rice from different rice production brands to the residence of Charleston – West Virginia. We are in the rice retail stores industry to

10. Sales Forecast

One thing is certain when it comes to rice retail stores, if your store is well stocked with well processed and well bagged rice from different rice production brands and centrally positioned, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

We are well positioned to take on the available market in Charleston – West Virginia and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base.

We have been able to critically examine the rice retail stores industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Charleston – West Virginia.

Below is the sales projection for Mercy Lurton Rice Store®, LLC it is based on the location of our business and other factors as it relates to rice retail stores start – ups in the United States;

  • First Fiscal Year-: $120,000
  • Second Fiscal Year-: $450,000
  • Third Fiscal Year-: $750,000

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 and there won’t be any major competitor retailing same shoe brands and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

Before choosing a location for Mercy Lurton Rice Store®, LLC, we conduct a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of Charleston – West Virginia. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.

  • Open our rice store in a grand style with a party for all
  • Introduce our rice store by sending introductory letters alongside our brochure to hotels, restaurants, households and key stake holders in Charleston – West Virginia
  • Ensure that we have a wide range of rice from different brands at all times.
  • Make use of attractive hand bills to create awareness and also to give direction to our rice store
  • Position our signage / flexi banners at strategic places around Charleston – West Virginia
  • Position our greeters to welcome and direct potential customers
  • Create a loyalty plan that will enable us reward our regular customers
  • Engage on road shows within our neighborhood to create awareness for our rice store.
  • List our business and products on yellow pages’ ads (local directories)
  • Leverage on the internet to promote our business
  • Engage in direct marketing and sales
  • Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Despite the fact that our rice store is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our rice store.

Mercy Lurton Rice Store®, LLC has a long term plan of opening outlets in various locations all around West Virginia and key cities in the United States and Canada which is why we will deliberately build our brand to be well accepted in Charleston before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Mercy Lurton Rice Store®, LLC;

  • Place adverts on community based newspapers, radio stations and TV stations.
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms to promote our business.
  • Ensure that our we position our banners and billboards in strategic positions all around Charleston – West Virginia
  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Contact corporate hotels, restaurants, households, landlord associations and schools by calling them up and informing them of Mercy Lurton Rice Store®, LLC and the products we sell
  • Advertise our rice store business in our official website and employ strategies that will help us pull traffic to the site
  • Brand all our official cars and trucks and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

Aside from quality, pricing is one of the key factors that give leverage to rice stores, it is normal for consumers to go to places (rice retail outlets) where they can get well – processed and well – bagged rice at cheaper price.

We know we don’t have the capacity to compete with other bigger and well – established rice retail store, but we will ensure that the prices of all the brands of rice that are available in our rice store are competitive with what is obtainable amongst rice retail stores within our level and in our location.

  • Payment Options

The payment policy adopted by Mercy Lurton Rice Store®, LLC 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.

Here are the payment options that Mercy Lurton Rice Store®, LLC will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards / Point of Sale Machines (POS Machines)
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our rice.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a rice retail store business; it might differ in other countries due to the value of their money. These are the key areas where we will spend our start – up capital;

  • The Total Fee for Registering the Business in the Unites States of America – $750.
  • Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
  • Marketing promotion expenses for the grand opening of Mercy Lufton Rice Store®, LLC in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for hiring Business Consultant – $2,500.
  • The cost for insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
  • The cost for the payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600.
  • The cost for store remodeling (construction of racks and shelves) – $20,000.
  • Other start-up expenses including stationery ( $500 ) and phone and utility deposits ( $2,500 ).
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
  • The cost for Start-up inventory (stocking with a wide range of well – processed and well – bagged rice from different rice production brands) – $50,000
  • The cost for counter area equipment – $9,500
  • The cost for store equipment (cash register, security, ventilation, signage) – $13,750
  • The cost of purchase and installation of CCTVs: $10,000
  • The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000.
  • The cost of launching a Website: $600
  • The cost for our opening party: $7,000
  • Miscellaneous: $10,000

We would need an estimate of $250,000 to successfully set up our rice retail store in Charleston – West Virginia. Please note that this amount includes the salaries of all the staff for the first month of operation.

Generating Funds / Startup Capital for Mercy Lurton Rice Store®, LLC

Mercy Lurton Rice Store®, LLC is a private registered business that is solely owned and financed by Mercy Lurton and her immediate family members. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from my Bank

N.B: We have been able to generate about $50,000 ( Personal savings $40,000 and soft loan from family members $10,000 ) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Mercy Lurton Rice Store®, LLC 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.

We know that one of the ways of gaining approval and winning customers over is to retail our wide range of well – processed and well – packaged rice from different rice production brands a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Mercy Lurton Rice Store®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’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.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Leasing of facility and remodeling the store: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress
  • Compilation of our list of rice brand that will be available in our store: Completed
  • Establishing business relationship with wholesale rice suppliers: In Progress

More on Wholesale & Retail

Academia.edu no longer supports Internet Explorer.

To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to  upgrade your browser .

Enter the email address you signed up with and we'll email you a reset link.

  • We're Hiring!
  • Help Center

paper cover thumbnail

BUSINESS PLAN ON COMMERCIAL RICE FARM

Profile image of Adeola Daniel

Rice Farm is a growing business that is based in Nigeria which is involved in the cultivation and production of rice to the Nigeria populace in ensuring food security and reducing hunger in the country. We have in possession a secure and suitable hectare of farmland to start our commercial cultivation and production of rice. Since, we want to compete with the best industry in the country, aside from securing a farmland, we are planning to purchase farming equipment and machines to enhance production. We are going to hire some key employees who are going to undergo training so as to fit into the ideal picture of the 21 st century commercial farming and rice processing and packaging workforce we want to build to enhance employability in the country, Nigeria. We are in the commercial rice farming business because we want to leverage on the vast opportunities created by the border closure by the Federal Government of Nigeria, to contribute our quota in growing the Nigeria economy, improve national food security, provide raw materials for industries and above all to make profit. In ensuring we achieve our aim, we need a capital of #5,000,000 for the purchase of equipment, payment of salaries, transportation and other logistics activities. The future projection for the sales revenue is to make #2,000,000. The projection increases at a geometric progression putting all factors into consideration.

RELATED TOPICS

  •   We're Hiring!
  •   Help Center
  • Find new research papers in:
  • Health Sciences
  • Earth Sciences
  • Cognitive Science
  • Mathematics
  • Computer Science
  • Academia ©2024

Sample Rice Retail Store Business Plan

Rice retailing business plan pdf sample.

Rice is one of the most popular and highly consumed food in most countries of the world. Because of this, it is always in high demand. If you are looking for a lucrative business that you can start with low capital, you can consider the rice retailing business.

This article is going to provide all the essential information you need on starting a rice retailing business.

  • Carry Out a Market Research

Don’t just assume that because rice is always in high demand, you will automatically make good sales and profits. Though it is undisputed that rice is a highly demanded food commodity but this does not mean that it sells well in every location. Many factors influence the demand for rice and how well it will sell.

While there are many places where rice is regularly eaten on a daily and there are also environments where rice is a luxury that is eaten occasionally.  This is why you need to carry out market research to determine where to locate your rice retailing business. Market research will also help you to identify and understand your potential customers and even your competitors.

So, before users start anything as regards the rice retailing business, the first thing you should do is to write a rice retailing business feasibility study report and develop comprehensive market research. Doing this will arm you with all the necessary information you need for the business. And this will help you make the right decisions and also save you from making unnecessary mistakes.

  • Learn About the Business

“What do I need to learn about starting a rice retailing business for God’s sake? Is it not to go and buy rice from wholesalers and resell?” I know those are some of the questions running through your mind.

Well, let me tell you the truth, if you don’t want to take avoidable risks that can make your business run at loss, then you need to go and learn about the business from someone who is already doing it. I mean, do you know how to distinguish a bowl of good rice from a bad one? Do you know the right place to purchase quality rice at cheap prices?

You don’t have to waste time trying to figure this out all by yourself when you can always learn how to it right.  My advice to you is that you should look for one or two highly successful rice retailers and go and learn the nitty-gritty of the business from them.

  • Find a Good Business Location

Like I mentioned earlier, it is the location of your rice retailing business that will determine whether you will sell very well or not. So, when you are finding a location for your business, make sure that location is where there is a high demand for rice. Also, make sure it is not too far from where you will be getting your rice supplies.

As soon as you get a location that is suitable for your rice retailing business, start promoting your business to people around. Intimate people about what you intend to sell so that they can become familiar with it.

  • Write a Rice Retailing Business Plan

If you want your rice retailing business to go far, then you will need a business plan for it. A business plan will not only help you preempt the future and plan for it by setting clear goals, but it will also make it easy for you to pitch investors for your business and even apply for bank loans in case the need arises.

If you want to write your business plan by yourself, there are business plan samples and templates online that users can use as a guide on how to go about it.

  • Register the Business

If you want your rice retailing business to be taken seriously, then you need to register the business. Registering your business will make it looks professional and people will not be reluctant to transact business without because they know your business has legal standing.

Also, it will make it easy for you to get contracts from corporate organizations and government agencies.

  • Start the Business

If you do not have the required capital to start a rice retailing business, the first thing you should do is to source from capital either from your friends and family members or from the bank. After you have raised capital, you can then make a bulk purchase of rice of different varieties that your customers will like either from a wholesaler or directly from a rice farm.

You should also get all the other basic things you will need like storage facilities, measuring tools, etc. If you cannot handle the business single-handedly, then you can hire a few people to work with you.

  • Promote the Business

Remember, your business cannot thrive if you are not making sales and you can’t make good sales if you don’t market your business. So, don’t sit still and assume that consumers will just start rushing to you. You need to do aggressive marketing and look for irresistible offers that will make people buy from you and become your loyal customers.

RICE RETAILING BUSINESS PLAN EXAMPLE

Here is a sample business plan for starting a rice retailer business.

A rice retail store business is a business that can be started by virtually anyone. You do not need any form of experience, good business or educational background to start and run a rice retail store.

One basic requirement for setting up a rice retail business  is the regular supply of rice and a good site for your business.

This article serves as a guide to how a rice retail store business plan sample looks like. You will need it to effectively start your rice retail store business.

Business Name: George Grey Rice Retail Store

Executive Summary

Our Products and Services

  • Vision Statement

Mission Statement

Business Structure

  • Market Analysis

Sales and Marketing Strategy

  • Financial Plan

Competitive Advantage

George Grey rice retail store is a rice retail store owned by a 45-year-old high school dropout, George Grey. It is a registered store and will be situated in downtown Los Angeles, California. We are looking to become one of the biggest rice retail stores in the United States. To make this happen, we have secured a facility that is large enough to help us achieve this.

At George Grey rice retail store, we are aware of the existing competition in the rice retail store business. As a result of the competition that exists in this business, we have carried out massive research to help us know what our customers need. With this, we will be able to give our customers exactly what they want.

We will also make sure that our customers get the best services whenever they come to purchase our goods. We intend to have a personal relationship with all our customers. This, we will achieve with the use of CRM software.

George Grey rice retail store is not in the rice retail business for fun. We are in this business to make a lot of profit.

We know that to make a lot of profit, we need to be able to please our customers. As a result of this, we will provide our customers with the best price from the most trusted rice production firms that are in the world.

The products that we will offer our clients include long-grain rice, short-grain rice, and medium grain rice.

All these will be available both in non-organic as well as organic form.

Vision Statement Our vision at George Grey rice retail store is to dominate the rice retail store industry. We have the vision to become one of the most sought after as well as successful rice retail stores in Los-Angeles California and the United States.

At George Grey rice retail store, our mission is to set-up a standard rice retail store business that will be able to meet the ever-increasing needs of our numerous potential customers. We intend to ensure that properly bagged rice and will be obtainable to our prospective customers for a price that they will easily afford.

We are also looking to grow from just having a single rice retail store in Los Angeles, California to having a chain of rice retail stores scattered across the United States.

We are looking to just set up a store that will be considered average. Our intention at George Grey rice retail store is to set up a business that will be a standard for other rice retail store business that will be set up after we get established. We know that becoming a force to reckon with in this business will not happen overnight. We are very intentional.

As a result of this, we will employ the services of only those that we are certain can function at the level we want to operate. We will ensure that our staff are qualified to work in rice retail stores and are also very customer-friendly.

Market Analysis Market Trend

The rice retail store industry is not new. However, it is constantly changing. At the moment, this industry is moving very rapidly from a manually powered industry to a technology-driven industry.

As a result of the advantages that technology has made available, home delivery, as well as online ordering, are now a major part of the rice retail store business.

We are new in the industry and we intend to get a foothold fast. To achieve this, we will carry out the following;

  • Give discounts to our first set of customers as well as our regular customers
  • We intend to have a strong online presence
  • We will also place our handbills in public places

Our Target Market

Virtually everyone feeds on rice. This makes the market for the rice retail store business a very large one. We are not the only rice retail store in Los Angeles, California. Therefore, we do not intend to offer everyone our services.

After carrying out our research, we have come up with a target market that we know will suit our business. Those in our target market include;

  • Restaurants

Financial Plan Source of Startup Capital

To get our rice retail store business started on the level that we intend, we will need $100,000. As it stands, we do not have all the money we need. We have been able to come up with 60% of the amount that is needed to set-up this business. The remaining amount will be gotten as a loan from the bank.

We are not ignorant of the high-level competition that exists in the rice retail store business. To stand out, we have chosen a location that will constantly keep us because of our customers. We are also looking to get the best rice brands from top rice packaging firms.

This is a rice retail store business plan sample. This business is owned by George Grey and will be located in downtown Los Angeles, California.

Related posts:

  • Sample Retail Pharmacy Store Business Plan
  • Sample Cosmetics Retail Store Business Plan
  • Sample Online Retail Store Business Plan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ProfitableVenture

How to Start a Rice Distribution Company – Sample Business Plan Template

By: Author Tony Martins Ajaero

Home » Business ideas » Food Industry

Are you interested in starting a rice distribution business? Do you need a sample rice retail store business plan template? If YES, then i advice you read on. Rice is the most consumed staple food in the whole world. This shows that any rice related business anybody invests in; whether rice farming, rice hulling service, or wholesale distribution of rice will definite have a ready market for the product or services.

I will focus on rice distribution business in this article including why you need to start a distribution business and how to get started and become a big time wholesale distributor of rice. As a wholesale distributor, your duty is to serve as a distribution link from the rice farmers to the retailers. Most retailers do not have the capital required to purchase in bulk quantities from the rice farmers.

It is the wholesaler or distributor that will buy in large quantities and sell in smaller bulks to the retailers; so the service of a distributor is needed in order to get the rice to its needed locations. With the rate rice is consumed around the world, getting retailers to supply to will not be a problem at all.

4 Things You Need to Start a Rice Distribution Business

In order to start and run a smooth distributor business, you need to get the following things in place;

This should preferably be a rice farm because as the wholesale distributor, you need to buy from a source where you can get the rice in very large quantity and at the cheapest possible rate, so that you can still make profits after spending for the logistics involved in getting the rice from the supplier to the retailers.

Most times, you don’t get to sell of the whole bulk of supply you get at once to the retailers because there may be times when the market demand may be low, that is when you need a warehouse to store your rice until you are ready to ship out to retailers.

To become a wholesale distributor, you need to buy in very large quantity from the rice farmers and sell in smaller bits to the retailers; so starting a rice distribution business requires much capital. The only exception is if you have a mutual understanding and agreement with the farmers where they supply you the goods on credit sales, you sale to the retailers and pay them off as soon as you are done with the sales.

Transportation

As the distributor, you may have to be in charge of transporting the rice from the rice farm to your warehouse or delivery to customers when orders are placed. You may need to get few trucks to handle the distribution process or you can strike an agreement with a logistic company to take care of the transportation process. With these four factors in place you are now set to start your distribution business. The next subsection will be on how to start a rice distribution business.

Starting a Rice Distribution Company – Sample Business Plan Template

1. carry out feasibility study.

In as much as any rice business have an available market, you still need to conduct a feasibility study on the demand of rice in your location. You need to find out if there are retailers who are available to buy your rice produce and how fast they sell out to consumers.

This will help you have an idea of the market you have in your location; though you are not subjected to a particular location as a distributor because you should be able to distribute fast and wide within and outside your country wherever there is demand for your produce.

2. Get the Necessary License Required to Become a Distributor

You may be required to get some sort of license in order to operate as a wholesale distributor in some states. Find out the license and other legal formalities applicable to your state and get them.

3. Get Your Supply of Rice from the Rice Farmers

After you are done with your feasibility study and you are sure that there is an available market for your produce, it’s time to contact your supplier to supply the first consignment of produce for you. When you get the produce, you can choose to repack them to become your own brand. The branding may involve packing the rice in personalized sacks.

4. Promote Your Products to Retailers Around

At this stage, you are done with the licensing, supply and branding, its time to find retailers and promote your product to them. chances are that they already have other distributors they buy from, so you have to give them reason to patronize your products; some incentives you can give to retailers to make them buy from you includes:

Free Samples

Some retailers maybe afraid to order from new distributors whom they don’t know the quality of rice they have to offer; one to get around the issue is to offer a small bag of rice; lets say 2kg as sample to any retailer who feel is a potential customer.

You can also offer to give some percentage discount for any distributor that will order a certain number of bags, or that can refer other distributors to buy from you.

Free Delivery

You can offer to give retailer free delivery services to any destination of their choice, if they can order for a certain number of bags of rice from you.

Payment on Delivery

You can offer this service to retailers who are in another location to build their trust; you ship out the produce and they pay once they get to see it.

Credit Supply

When you succeed in getting few regular retailers that large customer base, you can make a deal to supply them on credit for them to pay back after sales.

5. Accounting

When the business is up and running, you need to have a good accounting system to keep track of income and expenditures. This will help you keep track of the business progress and to make amends in financial structures when necessary.

On a final note, this rice delivery business is very viable for anyone who wants to make quick turnover on his investment within the first few years.

Related Posts:

  • 10 Best Small Business ideas Foodies Can Start Today
  • How to Start a Food Blog Successfully for FREE
  • 29 Best Cooking Business ideas You Can Start Today
  • 50 Best Fruit and Vegetable Business ideas
  • How to Start a Hot Sauce Business
  • 50 Unique Food Business ideas You Can Start Today
  • 25 Best Dessert Business ideas You Can Start Today

Download Rice Cultivation Business Plan with 3 Years Financial Analysis

Are you searching for a downloadable rice cultivation business plan in Nigeria? Do you want to start rice planting and processing business but you don’t have an idea on how the rice farming business plan template will look like?

This post is for you.

Do you want to secure a loan for NIRSAL, BOA, BOI, grant or make future forecast figures? Then you need a rice farming business plan in Nigeria to do that?

INTEGRATED FARMING FEASIBILITY STUDY SAMPLE

RICE CULTIVATION PROCESS STEP BY STEP

  • Land Preparation: Select a fertile land with good water retention capacity. Clear the land of weeds, rocks, and debris, and plow the field to a depth of about 15-20cm. Level the field and create irrigation channels.
  • Seed Selection and Preparation: Choose high-quality rice seeds that are adapted to your region and resistant to common diseases and pests. Soak the seeds in water for 24 hours, and then spread them out to dry for a day or two before planting.
  • Planting: Rice can be planted by broadcasting, drilling, or transplanting. Broadcasting involves scattering the seeds uniformly across the field, while drilling involves planting the seeds in rows. Transplanting involves planting seedlings that have been raised in a nursery. The recommended planting density for rice is about 50-60 kg of seeds per hectare.
  • Irrigation: Rice requires a lot of water to grow well, especially during the vegetative and reproductive stages. Provide irrigation or flood the field with water to keep the soil moist. Ensure that the water level is about 2-3cm above the soil surface during the vegetative stage, and about 5-6cm during the reproductive stage.
  • Fertilization: Rice requires adequate fertilization to grow well. Apply nitrogen-rich fertilizers like urea, phosphorus-rich fertilizers like single superphosphate, and potassium-rich fertilizers like muriate of potash. Apply fertilizers at the time of planting and again after 3-4 weeks.
  • Weed Control: Rice fields should be kept free of weeds that can compete with the rice for nutrients, light, and water. Use manual or mechanical weeding or apply herbicides like glyphosate to control weeds.
  • Pest and Disease Management: Rice is susceptible to pests and diseases such as stem borers, rice blast, and bacterial leaf blight. Monitor the plants regularly and take appropriate measures such as applying organic pesticides like neem oil or using biocontrol agents like Bacillus thuringiensis to control pests and diseases.
  • Harvesting: Rice is ready for harvest after about 4-6 months. Look for signs of maturity such as yellowing and bending of the stalks, and grains that are no longer milky. Harvest the rice using sickles or combine harvesters. After harvesting, dry the rice in the sun or using mechanical dryers to reduce the moisture content to about 14%.
  • Processing: Remove the husk from the dried rice using a rice huller or by pounding it manually. The processed rice can be milled to remove the bran and polished to obtain white rice.
  • Marketing: Once processed, the rice can be sold to local markets, supermarkets, or exported. Identify buyers who offer the best prices for your rice and negotiate a fair price.

By following these steps, you can successfully cultivate rice in Nigeria and maximize your profits. Good luck

COST OF RICE FARMING IN NIGERIA

  • Land preparation: Land preparation is the first step in rice farming. The cost of land preparation varies depending on the size of the farm and the method used. On average, land preparation can cost between ₦50,000 to ₦150,000 per hectare.
  • Seed selection and preparation: The cost of rice seeds also varies depending on the variety and quality. On average, rice seeds can cost between ₦10,000 to ₦50,000 per hectare. Seed preparation, including soaking and drying, can cost around ₦5,000 per hectare.
  • Planting: The cost of planting depends on the method used. Broadcasting and drilling are cheaper than transplanting. On average, planting can cost between ₦20,000 to ₦40,000 per hectare.
  • Irrigation: Rice requires a lot of water to grow. The cost of irrigation depends on the source of water and the method used. Irrigation can cost between ₦30,000 to ₦100,000 per hectare.
  • Fertilization: Fertilizers are essential for rice farming. The cost of fertilization depends on the type and quantity of fertilizers used. On average, fertilization can cost between ₦50,000 to ₦150,000 per hectare.
  • Weed control: Weeds can reduce rice yield significantly. The cost of weed control depends on the method used. Manual weeding is cheaper than using herbicides. On average, weed control can cost between ₦30,000 to ₦50,000 per hectare.
  • Pest and disease management: Pests and diseases can also reduce rice yield. The cost of pest and disease management depends on the type of pests and diseases present. On average, pest and disease management can cost between ₦30,000 to ₦50,000 per hectare.
  • Harvesting: Harvesting can be done manually or using combine harvesters. Manual harvesting is cheaper, but combine harvesters can save time and labor costs. On average, harvesting can cost between ₦50,000 to ₦100,000 per hectare.
  • Processing: The cost of processing depends on the method used. Manual processing is cheaper, but mechanical processing can save time and labor costs. On average, processing can cost between ₦20,000 to ₦50,000 per hectare.
  • Marketing: The cost of marketing depends on the location of the farm and the market demand. On average, marketing can cost between ₦20,000 to ₦50,000 per hectare.

In conclusion, the cost of rice farming in Nigeria can vary depending on several factors, including the size of the farm, the method used, and the inputs required. On average, the cost of rice farming per hectare can range from ₦275,000 to ₦665,000. However, with proper planning and management, rice farming can be profitable in Nigeria.

SAMPLE RICE FARMING BUSINESS PLAN

1.0. Industry Overview

It is well-known that rice farming is an important factor in any economy. The capital-intensive produce requires a large land rental rate average. The annual growth of rice has increased to about eight per cent. This is due to diet changes, increase in population and urbanization. Rice has become the most common staple food in Nigerian homes.

Yearly, about 7.8 million tonnes of rice is consumed by Nigerian s. Out of which about 5 million tonnes are produced by local farmers for personal consumption. In recent times, over N4 Billion Naira is spent yearly on importing the remaining 3.8 million tonnes of rice because of the high demand for rice that local production cannot meet. These facts have put Nigeria as the world’s largest importer of rice, proving that there is not just a great demand and opportunity for entrepreneurs and businesses in the rice business but also a ready market.

The never-ending opportunities in the rice business will encourage the youths of the business prospects in farming, processing, sales, and distribution of rice. Rice mills can also be constructed – rice processing equipment is business in the rice industry.

2.0. Executive Summary

Frannies Farm Enterprise is known for crop and animal farming, processing, and supply. Situated at Iseyin, Oyo State, our market research and projections have aided in procuring suitable farmland for our large scale commercial rice farming.

Our well sought-out large-scale rice farming will accommodate commercial rice cultivation, processing, and packaging. With a standard that can be looked up to, we would provide both organic and non-organic commercial rice farming.

Processes that have been tested are in place to facilitate the processing and packaging of rice within the first four years, this will then be supplied to the Nigerian market. To ensure that we do not run out of rice to compete in the market, we have purchased 10 acres of ideal farming land. We would get appropriate farming equipment and experience hire that would help build the vision that we have – to portray the perfect picture of 21st-century commercial rice farming, processing and packaging organization.

Investing in commercial rice farming for us is a way to contribute our quota into the ever-growing Nigeria economy as well as the latch on the vast opportunities the rice industry offers while serving Nigerians with their number one staple food.

Frannies Farm Enterprise looks forward to being the foremost commercial rice business in Nigeria. This is why we work with a team of experts and we have put in place practices that will aid our vision.

How To Download The Rice Production Business Plan Template

Above is a part of the rice production business plan template in Nigerian. In case you need the complete business plan, follow the procedures to download it.

Pay the sum of N8000 (Eight thousand naira only)  to the account detail below: Bank: GTBank Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us) Ac/No: 0238933625 Type: Saving

Thereafter, send us your email address through text message to  +234 701 754 2853 .  The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the rice farming business plan in Nigeria to your email address where you can easily download it.

' src=

Dr. Abi Demi is a skilled technical writer and author with specialties in the martech and fintech space. Featured on Tekedia, Coin Review, Business Insider, Fintechna, Cryptocoin.news, Date 360 and several other sterling online publications, Demi is an astute technical writer that specializes in finance, marketing and technology - with over 500 published pieces across the internet ecosystem. Contact Abi Demi - [email protected]

Download Event Planning and Catering Business plan

Download quarry granite stone business plan nigeria, you may also like, feasibility study sample for private school, private school business plan sample, feasibility study template for zobo production, business plan sample for zobo production, ict feasibility study sample, download ict business plan sample, download snailery feasibility study sample, download snailery business plan sample business, 8 farming & agriculture business ideas in nigeria, 5 investment apps for saving, growing your money....

[…] GET THE FREE RICE BUSINESS PLAN WITH FINANCIAL ANALYSIS […]

' src=

The article appears to be rich except that I could not download it. I am particular about the Business plan and finacial analysis

WHATSAPP/Call/message +234 701 754 2853 or SEND A MAIL TO [email protected] for inquiries.

[…] Rice Cultivation Full Business Plan Download […]

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

RBPC 2024 Hosted by Rice Alliance

Enter a Search Term

Shapes

2024 RBPC Startups

Student-led startups from around the world applied to compete in the 2024 Rice Business Plan Competition.  We want to celebrate and congratulate all the students that put in the work to apply to this year’s competition!  That first step is a big one, and we were inspired reading through all of your ideas to build the future. We truly thank you for applying, for taking the time and energy to make use a part of your collegiate career. 

INVITED STARTUPS SET TO BE ANNOUNCED ON WEDNESDAY, FEBRUARY 21, 2024 AT NOON CST

After a rigorous and competitive application process, our judging team will select 42 startups, led by students pushing to create new possibilities in technology, energy, healthcare and building solutions on the edge of a better future! 

COMMENTS

  1. Rice Farming Business Plan [Sample Template]

    1. Industry Overview Rice farming cum processing is an important sector of the economy of the United States. Amongst the US row crop farms, rice farms are the most capital-intensive, and have the highest national land rental rate average. In the United States, all rice acreage requires irrigation.

  2. (DOC) BUSINESS PLAN ON RICE FARMING

    BUSINESS PLAN ON RICE FARMING efe agarry Considering the fact that Nigeria has a huge market for rice, you have the chance to invest in the farming, processing, and sale of rice. You can equip your business to cultivate and harvest rice, construct rice mills for milling and processing, or working within wholesale distribution.

  3. PDF BUSINESS PLAN FOR RITE RICE FARM ENTERPRISE

    5 MISSION AND VISION STATEMENT Our Vision is to become one of the leading commercial rice farms and rice processing and packing brand not just in Nigeria but also on the global stage. Rite Rice Farm Enterprise is a world class commercial rice farms that is in business to cultivate rice in commercial quantities both organic and non - organic and process and package rice for both

  4. BUSINESS PLAN FOR LOCAL RICE PRODUCTION

    BUSINESS PLAN FOR LOCAL RICE PRODUCTION Gabriel A . Yalumo 2020 Business plan on a rice farm and production is possible locally was explained in this material. See Full PDF Download PDF Related Papers Business Planning for the Agriculture Sector A guide to business plan development for Start-up to Mid-Size Operations dauda salifu Download Free PDF

  5. How to write a business plan for a rice farm?

    The profit and loss (P&L) statement, The projected balance sheet, The cash flow forecast, And the sources and uses table. Healthy growth - above inflation level Improving or stable profit margins Positive net profit Assets: are resources owned by the business, such as cash, equipment, and accounts receivable (money owed by clients).

  6. Rice Farming: Best Business Plan With 20 Tips

    Rice Farming: Best Business Plan With 20 Tips Last Updated: November 7, 2023 / By Staff / Crop If you are wondering 'how is rice grown', then you are in the right place. Here we are describing more about rice farming business. Rice farming is very common and popular throughout the world.

  7. Sample Rice Farming Business Plan

    Conclusion. This business plan sample has made available a rice farming business plan sample, targeting specifically entrepreneurs with little to no experience in writing a good business plan. This sample provides the necessary guidance, and although it can be used as a guideline, the contents should solely consist of the farmers/entrepreneur ...

  8. (PDF) Model business Plan- Modern Rice milling Unit

    Model business Plan- Modern Rice milling Unit Authors: Sudheer K P Sangeetha K. Prathap Cochin University of Science and Technology Download full-text PDF Figures Discover the world's research...

  9. Business Plan For Rice Farming

    Business Plan for Rice Farming - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free.

  10. PDF Feasibility and Operational Strategies of Modern Rice Store Bussiness Plan

    The modern business rice business strategy is to establish a store to generate a sense of consumer ... Feasibility and Operational Strategies of Modern Rice Store Bussiness Plan DOI: 10.9790/487X-2102057075 www.iosrjournals.org 71 | Page rice. The hope is that consumers who are traveling and have a limited pulse can use applications that have ...

  11. Rice Processing Mill Business Plan [Sample Template]

    1. Industry Overview Rice milling is a very important process in post-production, as this is when the husk and bran layers are removed to then produce edible white rice that free of impurities.

  12. Rice Retail Store Business Plan [Sample Template for 2022]

    1. Industry Overview As the name of the business implies, rice retailing stores basically retail processed and bagged rice. Rice retail stores primarily purchase rice from wholesalers and retail them directly to end consumers - customers.

  13. PDF Marketing and Promotional Plan for Local Rice Based on Drivers of

    E. Convert at least 20% of local rice into shelf-stable marketable products for both household and commercial uses. This plan was based on the marketing mix of the 5Ps - Product, Price, Place, Promotion, and People. The plan provides strategies to ensure increased production of preferred rice

  14. BUSINESS PLAN ON COMMERCIAL RICE FARM

    Download PDF BUSINESS PLAN ON COMMERCIAL RICE FARM Executive Summary Rice Farm is a growing business that is based in Nigeria which is involved in the cultivation and production of rice to the Nigeria populace in ensuring food security and reducing hunger in the country.

  15. Business Plan in Organic Rice Trading

    Business Plan in Organic Rice Trading - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Business Plan in Organic Rice Trading

  16. Sample Rice Processing Mill Business Plan

    Though there are rice mills in the area, Rico Rice Mill Company aims to stand out among them all. We intend to do this by providing excellent services for our customers. Also, we plan to penetrate every part of the United States that has rice farms. We know that having loyal customers is one of the keys to the success of this business.

  17. Compete

    Upload a 2-5 page executive summary in PDF format ; Applications for RBPC 2023 will open December 14, 2022 and close February 28, 2023 at 11:59 PM CST. ... the Rice Business Plan Competition will help you stay on target and realize your potential. Join a network of 700+ RBPC alumni who have collectively raised $2.675+ billion in funding ...

  18. Sample Rice Retail Store Business Plan

    RICE RETAILING BUSINESS PLAN PDF SAMPLE Rice is one of the most popular and highly consumed food in most countries of the world. Because of this, it is always in high demand. If you are looking for a lucrative business that you can start with low capital, you can consider the rice retailing business.

  19. Starting a Rice Distribution Company

    Starting a Rice Distribution Company - Sample Business Plan Template. 1. Carry out Feasibility Study. In as much as any rice business have an available market, you still need to conduct a feasibility study on the demand of rice in your location. You need to find out if there are retailers who are available to buy your rice produce and how ...

  20. 283072856 Business plan sample

    Rice is a major component in Filipino-diet. Breakfast, lunch and dinner are not complete when rice is not served. This fact makes rice-retailing & wholesaling a lucrative and promising business. There is an abundant supply of rice in Bayugan City, therefore constant supply of stocks is not a problem.

  21. Rice Business Plan Competition

    Over 23 years it has grown from nine teams competing for $10,000 in prize money in 2001, to 42 teams from around the world competing for more $1 million in cash and prizes. It is the largest and richest student startup competition in the world. Thank you for all the all the startups competing in the most recent competition!

  22. A Feasibility on Establishing a Rice Retailing Business in ...

    A RICE RETAILING BUSINESS IN CALOOCAN CITY Presented to: Dr. Jesus Reggie G. Rebugio Presented by: Carl Joseph G. Ortega Grade 11 - 1ABM. i. TABLE OF CONTENTS EXECUTIVE SUMMARY BUSINESS OBJECTIVES MISSION STATEMENT VISION STATEMENT MARKET FEASIBILITY MARKETING OBJECTIVES PLAN OF DISTRIBUTION MARKET SEGMENTATION

  23. Download Rice Cultivation Business Plan with 3 Years ...

    Do you want to start rice planting and processing business but you don't have an idea on how the rice farming business plan template will look like? This post is for you. Do you want to secure a loan for NIRSAL, BOA, BOI, grant or make future forecast figures? Then you need a rice farming business plan in Nigeria to do that?

  24. 2024 RBPC Startups

    Student-led startups from around the world applied to compete in the 2024 Rice Business Plan Competition. We want to celebrate and congratulate all the students that put in the work to apply to this year's competition! That first step is a big one, and we were inspired reading through all of your ideas to build the future.