Rice Farming/ Processing Business Plan in Nigeria

Rice farming business in Nigeria can be said to be one of the most lucrative agricultural business sector that we have in Nigeria today. Yes. That’s the basic truth. But before we dive into the rice business, it will be very imperative that we discuss a little about something in relations to agriculture. Nigeria is blessed with both human and natural resources. We have even forgotten that we have one of the most blessed lands for agricultural purposes non earth? The agricultural sector in Nigeria have been so underutilized and that is one reason why we have so many poor and jobless youths everywhere.

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Engaging in rice production business will so much make you rich beyond your dreams and I will tell you how that can happen. Recently, the Nigeria government led by President Buhari banned the importation rice into Nigeria and that have given local rice producers an edge in the market. Rice is one of the most consumed food stuff in Nigeria and that is the reason why those who are into this business are very rice. Prominent Nigerians are into this business and these people are making so much of money. We will discuss the various dimensions in this business.

On record, we have a very low entrance into the agricultural sector by Nigerians and this actually might not be good for the country as a whole but it means that only few people are enjoying the massive wealth in this business. Is there any country on planet earth that can survive without agriculture? I am not sure. If you want to know agriculture can boast a nation’s economy, and then ask the Netherlands. Their country is the size of Lagos yet they are the highest producers of agricultural products in the world today. Nobody can beat them to it. In fact the entire citizens of the country are all farmers. Food is an essential part of human existence and that is why there have been a constant increase for agricultural products everywhere in the world. As it stands now, Rice production business in Nigeria is one of the most profitable and lucrative business you can ever think of venturing into. So, if you are about staring this business, then you are on the right track. Congratulations.

The consumption rate for rice in Nigeria is one of the highest the world ever had. In fact is there any family today in Nigeria where rice is not consumed at least three times weekly? None. Have you not noticed that at every occasion in the country, rice is the main food been cooked? Before now, it was the foreign rice that where cooked but today, all foreign rice have been banned which have actually made the consumption of locally produced rice a must. From our latest statistical findings, rice consumption happens to be the very reason why this business is a very lucrative one. So for those who have taught it wise to join this business of rice production, can be said have made one of the best decisions in his or her life because rice as it where, is for both consumed by the rich and by the poor. With this, the demand for rice products has always been on the rise.

Late 2019, I met a lady who was into this business big time. I had to interrogate her so that I can have a very detailed rice business plan. She told me that, she wasn’t into production of rice per say but that she buys from the makers (producers from the factory), then they bag it for her with her company name attached to it and then she supplies as though she is the one who produced it. For her, this is quite easy for her because it saves her lots of stress. Though the quality of rice she buys from them depends on the amount of money she has with her.

Why start rice wholesale business or dealership?

1. Nigeria is Africa biggest economy. It is on record that Nigeria is the most populous nation in Africa and this is a big deal. The population of Nigeria is over 200 million people and this ever growing population will need a constant food to maintain their health. And rice is a major stable food as far as Nigeria is concerned. It is a well loved food by children and adults as well. It is on record that over 30 million bags of rice are been consumed monthly by Nigerians. This shows that the rice market have a very huge market.

2. Rice is not a perishable food like vegetable. When you are dealing with vegetables, you are not too sure of what tomorrow brings. These goods get spoilt so easily. But for rice, that’s not the case at all. It takes about four years before rice can get spoilt. So if that is the case, then you are well rest assured that your goods won’t be lost before you sell.

3. Before now, only fifteen percent of the total rice consumed in Nigeria daily is produced in Nigeria. This was a very terrible situation for local farmers. But the tide have changed ever since the ban on imported rice came onboard. And total, 99 percent of daily rice consumption in Nigeria is locally produced. This is a very great feat for local rice farmers.


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Some Factors to Consider Before Going Into Rice Farming

When To Plant Rice

If you want to know the very best time to plant rice, it will be best if you learn it from the experts. Though there have many suggestions as regards when rice can be best planted but in all of these, the best time to plant rice is mid March to mid April. These suggestions are not what was just said. It was a research work from our team of experts that produced this information.

From the planting of Rice and the very time of harvesting, it usually takes up to 4 months. And how do you no that your rice produce is ready fir harvesting, when you observe that the colour of the rice have change from green to brown then you should know that your rice plan is fully ready for harvest.

Land

For the planting of rice, you must locate a very swampy area. Rice farming does not grow anywhere like every other plants or crops. Rice planting requires a special location for growth else you won’t get a very good harvest if at all you are going to have any. Many persons will tell you that rice can grow in any type of soil or weather condition.

True, but if you want to do this in a business way, then take to my advice. Plant your rice in a very swampy and water logged area because that’s how rice grows best. This is a proven fact by expert researchers. Have you noticed that before rice farmers starts planting, they usually carry out serious irrigation? The reason is because they want to get the area to be swampy before they start planting to get the best of harvest.


Rice Seed

There are different type of rice specie. And this is very important when it comes to rice planting. Rice seed is a very important when it comes to rice farming planting because if you get the wrong seed, you will struggle to make profits in this business. So the selection of healthy farm seeds for planting will be very key to the growth of your rice farm. Get seeds that seeds that have the ability to grow well the very moment the seed is planted to the ground. Many rice planters do make a very big mistake by randomly selecting the rice seed for planting and this have always lead to a very poor harvest and low returns.

Hauling Mill

First of all, what do we mean by a hauling mill? Is it a necessity? Yes it is because after you must have done your rice harvest, there is need to take your rice to a mill for proper milling. Remember I told you that it takes about four months before you can harvest your rice but before you harvest your rice, ensure you make provision for a hauling mill that will be used to separate the rice from the haul. This is a very important process that requires the separation of rice from the haul and also the blowing of the haul away from the rice.

It was discovered that the amount of people in Nigeria that are going into agriculture are very low, but agriculture is among the largest and lucrative sector in the country. Agriculture is very ecclesial to the world because no country can survive without agricultural production. it has been seen as one of the means economies can be increase. We all know that food is basic need to humans and in Nigeria rice is one of the most important foods and some Asia countries like South Korea China North Korea Indonesia they all value rice.
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Rice farming is capital intensive, so also is the profit that comes with it, however, below are some of the things you should include in your rice....

Rice Farming/ Processing Business Plan in Nigeria Latest Edition Feasibility Study