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Start a Rice Business in the Philippines: 3 Options You Can Do

I’ll try not to bore you with overused facts. You already know how rice is to Filipinos and that’s probably why you’re looking into how to start a rice business in the Philippines. I caught up with Bryan Dizon, my brother-in-law, farmer extraordinaire, and owner of  Javenri Harvest Farm   (“Javenri”), and asked the questions you may have on rice production and selling in our country. Though I suspect the lessons here apply to other countries, too. 

rice farming business plan in philippines

Page Contents

The Rice Value Chain and Players

When we say rice business or  bigasan , the most common interpretation is that of a retailer or wholesaler. But there are several ways you can get into the industry. Here’s a list of your options as a business. We’ll also talk about the profit margins you might expect per business type. 

Rice business value chain

All of the succeeding data are from the  Philippine Statistics Authority  (PSA) as presented by the  Department of Agriculture  (DA) in their training for trainers. 

A lot of functions also overlap and may be carried out by a single player. For example, farmers may go directly to millers or even retailers. Skipping a few steps may mean more profit but also at the expense of more work. 

Growers or farmers

The value chain starts with the farmers or growers. In terms of profit per kilogram, they have the highest at Php4.33/kg.

Keep in mind though that this is over the course of the entire process. That’s until harvesting or about 3 months in total. We’re not even mentioning the labor-intensive nature of a grower’s business. 

rice paddies

Traders get the fresh unhusked rice ( palay ) and dry them ready for milling. As the middlemen between farmers and retailers, they’ve been given a bad rap for a few reasons (e.g., hoarding). But as long as farm-to-market roads are unavailable, traders have an important role to fill. 

Wholesalers and retailers

For people who want to start, the most popular rice business option is selling because it is a straightforward process. You look for a good location, apply for the relevant business permits and licenses ( BIR , DTI/SEC,  NFA ), buy the necessary equipment and assets, set up your management system, and so on.  

What high demand means to you as a business

The good news is, demand for rice in the Philippines is high. As a country, we’re consistently in the  Top 10 Rice Consumers in the World . Here’s the bad news: High demand doesn’t automatically imply large profits. 

That’s a common misconception prevalent in the industry. I got this quote from one of the top results in Google.

rice farming business plan in philippines

Sorry, but NO! This approach fails to see the other side of the same coin,  supply . If both supply and demand are high, then it’s a wash. There may even be billions or trillions of rice sacks demanded, but if supply is as widespread as demand, then that just means smaller margins for you, and potentially a losing business. 

Let’s get back to the dealership example in the quote. If it’s that easy to enter the market as a dealer, then you’re most likely going up against entrepreneurs who want the same pie. The low barriers to entry mean more players, and ultimately smaller profits per dealer (and occasionally losses).

The point here being profit margins are dictated by more than just demand . There’s supply, which is partly determined by barriers to entry, and there are other economic factors to consider. 

( Related: See Blue Ocean Strategy )

Understanding this is crucial when assessing the expected returns that follow. 

Expected returns per business type

The expected profits mentioned in the following texts are also from the PSA, presented by the DA. The margins per business model are also presented in this table. 

How to start a rice business, profit margins to consider

According to the dataset from the Philippine Statistics Authority: 1. Farmer (fresh palay) = 27.8% 2. Palay trader (dry palay) = 2.7% 3. Miller trader (milled rice) = 6.7% 4. Wholesaler (milled rice) = 1.6% 5. Retailer (milled rice) = 2.8%

Keep in mind that the returns are based on PSA’s sales and profit figures, and do not consider external economic and non-economic factors. That is, you may be getting less per kilogram as a trader, but also consider that it takes less effort and risk. When choosing a rice business type, capital, business plan complexity, and niche are also factors to think about. And of course, your risk tolerance and preferences should be taken into account.

Consider these tradeoffs when choosing a rice business model to pursue. 

( Related: 3 Easy Steps to Assess Business Viability )

Movement towards Mechanization 

In 2019, the Rice Tariffication law ( RA 11203 ) was signed, allocating Php10 billion per year towards the mechanization, training, credit, and other initiatives for the betterment of the Philippine rice industry. 

This has some implications for you as a business player in the rice industry. 

One example is the  potential for higher gains due to the mechanization , and lower overhead, of operations. This has been a contentious act though due to the lost jobs for farmers. But the idea, at least in economic theory, is they’ll eventually shift jobs to more productive uses. The change in work enhances the overall productivity of the economy. 

It’s a short-term problem with a long-term gain. 

rice farming business plan in philippines

Other aspects to take note of the excess tariff are financial assistance, land titling, crop insurance, farm diversification. The gist is this: We’re making strides to increase the competitiveness of the Philippine rice industry relative to our ASEAN neighbors.  Riding this wave as an entrepreneur might not be a bad idea. 

People wanting to start rice businesses in the Philippines should know that there are opportunities other than rice selling as retail or wholesale rice suppliers . Your 3 options are as a (1) grower/farmer, (2) trader, and (3) wholesaler/retailer.

PSA statistics are of great help, but keep in mind the economic tradeoffs per business model. Higher earnings usually come at the cost of more work and risks. 

If you’re interested in starting a rice business, or maybe want to ramp up your existing rice production through training sessions and consultations, you may get in touch with Bryan at Javenri’s Facebook page . Javenri Harvest Farm is a certified training school in the Farmer Field School in Rice Production, a TESDA-sponsored training program . 

Read more, select a topic:

Personal finance and investments: rice selling as a business

Personal finance and investments

Business economics and the entrepreneur mindset: How to start a rice business

Business economics and the entrepreneur mindset

Real estate investing and property management: setting up the right location for your rice business

Real estate investing and property management

Favorite books - notes and takeaways: For the right rice business plan

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rice farming business plan in philippines

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.

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.

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 .

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
  • Guide to writing the conclusion of a business plan
  • Business plan tips
  • 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.

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Bigasan Business 2024: How To Start, Capital, Profit (Plus, Tips To Succeed)

Bigasan Business 2024: How To Start, Capital, Profit (Plus, Tips To Succeed)

Rice has been a staple of the Filipino diet since time immemorial . Therefore, opening a bigasan business or a rice retail business in the Philippines can be a profitable venture for you if the conditions are right.

As with any other food business, there are two ways to make this happen. Either start your own rice retailing business or franchise an already-established brand .

Each has pros and cons, so you should weigh your options carefully before venturing into this type of business.

Let this short article be your guide.

Table of Contents

What is a bigasan or rice retail business.

example of a bigasan business in the philippines showing different rice varieties and their prices

A bigasan is a retail store that sells a variety of rice. In the Philippines, this is typically done through a simple storefront where bags of rice are opened as a display for customers. The name of the variety of rice and the corresponding price are shown on each bag.

Customers need only tell the store’s staff what variety and how much rice they buy. The staff will then put the requested amount in a bag and weigh it before the customer. After the customer pays for it, then the transaction is complete.

There are specialized rice businesses that sell only rice, but there are also retail outlets, such as sari-sari stores , that carry rice as part of their selection of products.

Bigasan Business at a Glance

How much capital you need to start a bigasan business depends on your business model. Capital investment may start from ₱50,000 (retailer) to ₱300,000 (franchise).

2. Customers

Residences, restaurants, hotels, and other establishments that sell rice meals.

3. Competitors

Usually, just other rice businesses. The supermarkets have a different client base since rice from supermarkets is usually at least 50% more expensive.

4. Who Is It For?

People who prefer to run a simple retail store with an already established market.

5. Pros & Cons

  • Steady demand since Filipinos eat rice every day
  • It requires minimal marketing because consumers are already familiar with the product
  • Straightforward business with the potential to make a living out of it
  • Rice is vulnerable to pest attacks, especially if stored improperly
  • The quality of rice deteriorates after three months; it spoils easily
  • Challenging to be different from competitors aside from the price

How Does a Bigasan or Rice Business Make Money?

Rice businesses typically buy their rice bags from a wholesaler. They then add a markup or “patong” to the cost of the rice. After that, they decide the price per kilogram to sell the rice to their customers. Whatever they earn from selling the rice becomes the income from the rice business.

Note that having a sizable margin is challenging unless you buy in bulk. That’s why it’s typical for a rice business to have a high capital requirement.

Where Can I Find a Rice Supplier?

If you are not getting a franchise, you must find a rice supplier yourself. This could be a wholesaler, a rice mill, or a farmer. You are more likely to know the best places to get rice if you search your area. However, here’s a quick list of well-known rice suppliers in the Philippines:

  • DanJethro Grains by A&V Rice Mill – an independent rice mill in Mapandan, Pangasinan, operating since 1993.
  • Wil-Lys Cereal Trading Corporation – located in Solana, Cagayan. They sell many varieties, including export-quality rice.
  • JDL Nueva Ecija Rice Dealer – also known as Jorem Palay Buying Station, this supplier has been selling farm-fresh rice from Lupao, Nueva Ecija, for 30+ years.
  • Primavera Rice Mills – selling quality rice for 46+ years now; among the top rice suppliers for restaurants and fast-food chains in Metro Manila. They are located in Guiguinto, Bulacan .
  • RMR Rice Mill – is a popular wholesaler among rice retailers. They are located at Wakas Intercity, an agricultural bagsakan , in Bocaue, Bulacan.

If there is no viable rice supplier in your area, you may want to look for a franchise instead. Here’s a quick list of rice retail franchises you can contact:

  • GRAINSMART – has more than 800 franchise branches nationwide. Aside from rice, they also have gas and water refilling business franchise packages. Their head office is located in Quezon City, Metro Manila.

Update: Bigasanko.com has been removed from the list due to an inactive social media page.

How To Start a Bigasan Business in the Philippines: 9 Steps

1. research your market and competitors.

You can’t expect to start a bigasan or rice retail business and succeed right away. You first need to know about your area’s potential customers and competitors.

Find out the typical kinds of rice people in your area buy. How much do they pay for it? If you do start a rice business, then can you also sell it at the same or a cheaper price?

Next, you need to learn any information you can about your competitors. How many are there, and where are they located? If there are too many rice retailers, you may want to rethink starting one yourself.

2. Choose a Location Frequented by Your Target Market

Find a location where it’s convenient for your customers to buy from you. Examples would be groceries or wet markets ( “palengkes” ) where people are already conditioned to buy rice.

You also have to ensure enough space to store and display the sacks of rice in your chosen location. It’s also ideal that you can keep the rice there safely so the product will be protected from heat, pests, and even floods.

3. Choose the Right Rice Supplier

With your research in hand, you now have to find a supplier for the rice typically bought in your area.

You have the option to:

  • Find a wholesaler or rice mill that can deliver to your area
  • Become a rice business franchisee

List all available suppliers and cultivate a long-term relationship with them. This way, you can avail of discounts when buying in bulk and provide your customers with a wide variety of rice.

Your goal is to get a price to remain competitive in your area. If you can find an excellent supplier, starting a rice retail business will be much cheaper than becoming a franchisee.

However, becoming a rice business franchisee has benefits that justify the additional cost. They already have an established way of getting a rice supply, so getting started’s much easier. You can also learn how to run a successful bigasan from them.

4. Secure a License From the National Food Authority (NFA)

national food authority office in cabanatuan city

Once confident that you can successfully run a rice retail business in your chosen area, you must start with government compliance .

The law states that the National Food Authority (NFA) must approve every corn or rice business in the Philippines, whether commercial or NFA rice/corn.

If you plan to open numerous outlets, you need one license for your primary/principal store. All other outlets will be considered as branches.

To get the license, go to the NFA office that has jurisdiction over where you plan to establish the rice business in the Philippines.

Get the application form from the licensing officer (LO).

Submit the accomplished form and pay the application fee of ₱100. The license fee varies depending on your capital.

5. Ensure That You Have the Required Equipment and Facility To Start the Rice Business

An NFA personnel will personally visit your store to check for the following:

  • Calibrated weighing scale
  • Price tags (the price of the rice per kilogram)
  • White-painted rice boxes
  • Signboard (45 cm wide and 75 in long) showing your business name, NFA control number, and the words “Licensed Grains Retailer” or “Wholesaler”
  • Classification, variety, and grade of the rice grains you’re going to sell

Once approved, the NFA inspector will issue you a notice of inspection. Bring this with the official receipt and proof of compliance with deficiencies (if any) to the NFA office to get the license.

For franchisees of Grainsmart , you don’t need to file for a license because it’s already included in their packages. The downside is that you need to shell out higher capital to start the franchise business –a minimum of ₱298,000 for Grainsmart.

6. Register Your Business

Register the bigasan business with the Department of Trade and Industry (DTI) if you’ll operate it as a sole proprietorship or the  Securities and Exchange Commissions (SEC) for rice businesses run by a partnership or corporation.

You must also register with the BIR and get a business permit from your municipal or city hall. After that, your business registration is complete. Just note that you must file monthly, quarterly, and annual taxes . You also have to pay fees to your LGU quarterly or annually.

7. Set Up Your Bigasan & Store Your Rice Properly

Taking care of your rice starts from the supplier and ends only when your customers buy it. When transporting rice, separate it from other goods and make sure they’re all appropriately covered. 

Otherwise, prolonged sun exposure will cause the rice to lose moisture and shrink by up to 3%. The insufficient covering may also expose it to flying weevils ( bukbok ), especially if the transport vehicle passes by rice fields.

Once it arrives at your store, handle it with care. Don’t throw the rice bags, or the grains might break.

Keep the storage space clean and sanitized to prevent infestation of rats, molds, weevils ( bukbok ), and other pests.

Use the “first-in, first-out” inventory method to ensure that every sack of rice sold is high-quality and doesn’t exceed its shelf life. Remember, rice quality decreases significantly after three months. Any rice that spoils will dramatically impact the profitability of your rice business.

8. Promote Your Bigasan

You should know what’s essential for your customers when choosing a bigasan. Communicate that you can deliver that critical benefit.

You can be as creative as possible when promoting your bigasan locally and online. Talk to your neighbors—partner with other businesses. Join chat groups for the local community. 

There are many ways to promote a bigasan business. As long as your target customers are there, you should also promote there.

9. Be Strict With Your Inventory & Records

A common reason why a rice retail business might fail is because of poor inventory and record management. A few kilograms of lost or damaged rice can wipe out more than a day’s worth of your income.

So make sure to be very strict in taking care of your inventory. You should also record everything that goes in and out of your store. 

If you don’t know how to do your records correctly, you can use the template for the sari-sari store inventory and sales record provided here . It’s the same concept, but you only have to list down your rice’s different varieties, brands, and weights.

Tips & Warnings

  • Set aside a regular budget for the rice supply. Some dealers won’t deliver rice to retailers unless they order a minimum amount of rice from them.
  • Try to avoid selling any rice on credit, especially for residential clients. It might be unavoidable for business clients; however, deal only with reputable businesses. Bad debts can severely impact your operations.

Go back to the main article: Best Small Business Ideas in the Philippines with High Profit 

Written by Rod Michael Perez

in Business and Finance , Juander How

Last Updated May 3, 2024 11:34 AM

rice farming business plan in philippines

Rod Michael Perez

Rod Michael Perez is a freelance writer with over 7 years of experience in writing long-form articles, ad copy, and SEO content for local and foreign clients. He is also an aspiring startup founder and believes that the Philippines could be the next hub for startup culture. He takes care of his dog, a poodle-Shih Tzu hybrid, in his spare time.

Browse all articles written by Rod Michael Perez

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11 steps to becoming a rice farmer in the Philippines

  • January 24, 2022
  • 5 minute read

Most people who farm rice in the Philippines come into the business through their parents or family networks. That said, anyone can become a rice farmer. Provided your operation is financially sound, rice cultivation can be a means to a prosperous life with a better income than you might find in many urban jobs. 

Below are some of the basic steps to becoming a rice farmer. Note that while these are the ideal basic steps, not everyone will have the same journey, and one could still become a rice farmer without necessarily going through all of these. Rice cultivation also requires a lifetime of study and expertise to excel at and won’t be adequately covered here.

1.) Do a Feasibility Study 

A feasibility study will help you understand whether being a rice farmer is a sustainable activity, given a set of circumstances. It will also help you better understand the requirements in terms of inputs and paperwork before you start spending any money. The Philippine Department of Agriculture and the Philippine Rice Research Institute are just some of the many institutions that can provide assistance at this stage.

Some rice farmers do not bother with this initial step, as they can look at their historical success or failure as well as that of other farmers in their general area. Nevertheless, if you are new to rice farming or are planting in an unfamiliar place, it may be important to take some time to analyze the feasibility and profitability of planting rice due to the extremely high level of commitment required.

2.) Obtain Funding

This is a complex topic that could not be covered in just one article. In any case, prospective rice farmers will need enough funds to cover the initial cost of operations. This will include the cost of labor, machinery, land rent or acquisition, seed purchases, fertilizer, irrigation, post-harvest processing, transportation, and marketing just to name a few.

The cost of these inputs should be understood at the feasibility study stage. If loans are needed, the repayment terms should be compatible with your expected profits and the projected rice planting cycle. To learn more about your options in terms of equipment, for example, check out this resource on  rice farming equipment Philippines farmers trust.

3.) Select Your Rice Variety

Rice comes in tens of thousands of different varieties. In practice, however, relatively few  rice varieties  are available in the Philippines for purchase as seeds for planting. 

Every variety has different requirements with regards to irrigation, pest resistance, salinity tolerance, labor inputs, fertilizer and pesticide requirements, and so on. Different rice seed varieties may also have different acquisition costs and yields, as well as marketability. The rice variety also has to be well suited to the land you’re planning to plant it in.

4.) Find a Suitable Land Area

Unfortunately, not all rice farmers have the luxury to select the specific plot of land they can cultivate. If you can choose the land you can rent or buy, you will want to take several factors into account if you’re considering rice cultivation.

The suitability of land is relative to the crops you’re planning to cultivate. Rice is a semi-aquatic plant, so with some exceptions, most rice varieties do well on land that is easily irrigated, with a high proportion of clay-rich soil. Generally speaking, however, rice is a relatively forgiving plant to grow.

Other areas of consideration should be the local planting seasons, availability of roads, post-harvest facilities, and the necessary transport and communications infrastructure to bring your crops to the market.

5.) Prepare Your Land

Preparation for seeding will be different for every case, depending on the specific piece of land and the variety of rice you plan to grow. In any case, you will want to prepare the soil by removing weeds, tilling the soil, as well as preparing other inputs such as irrigation infrastructure.

6.) Use an Appropriate Planting Method

Rice can be planted from seeds or transplanted from seedlings cultivated in a nursery. Transplanting is the more common method of rice planting in the Philippines. Both processes are commonly done manually but can also be facilitated with machinery.

In any case, you will want to use the method that best suits your needs, according to your feasibility study or initial assessments.

7.) Manage Water, Fertilizer, Pesticide, Herbicide, and Labor Inputs

Now that your rice is planted, you’ll have to ensure that your crop thrives and makes it to market. Managing water, labor, and other important inputs is something that needs to be done daily until harvest time. The management of these will be different depending on the rice variety and the specific approaches you choose.

8.) Harvest and Thresh Your Crop

After anywhere from 3-5 months, depending on the rice variety, your rice crop should be ready to harvest. At this point, you can use one or more of several different manual or machine-assisted harvesting systems to collect your crop. 

After you’ve harvested the rice, you will have to thresh it in preparation for milling and eventual sale. Threshing is the process of removing intact rice grains from the stalks, which, as with harvesting, could be done through a wide variety of manual and machine-assisted methods as well. Threshing has to be done immediately after harvest to reduce waste and ensure the rice maintains its quality.

9.) Additional Post-harvest Processing

Most rice sold is  milled , that is, their fibrous husks are removed for long-term storage and consumption. In most cases, the grain is further polished to produce the white rice we are familiar with.

In the vast majority of cases in the Philippines, rice farmers do not do their own milling and polishing due to the high cost of setting up a profitable milling operation. Most rice farmers have to pay a third-party mill for milling and polishing. Depending on the situation, farmers may need to own or rent some kind of storage facility for keeping their rice before and after milling.

10.) Marketing and Sales

After the rice is milled, farmers can either sell the grains in the market themselves or sell it to a rice dealer. Selling your own rice can be a different challenge in itself and may not be feasible for all farming operations. Selling to a dealer assures the farmer of a wider market but may reduce the profitability of each crop. 

In either case, the quality of the transportation and communications infrastructure in your area will be key to reducing waste, ensuring a wider market, and maximizing profitability.

11.) Rotate Crops to Maintain Soil Health

After harvesting, many rice farmers take the additional step of crop rotation. In the context of post-harvest rice farming, this often means planting legumes and other crops such as watermelon that return nutrients to the soil and maximize land profitability. Proper crop rotation practices will help ensure that fertilizers are less necessary in the next rice planting cycle.

Should You Become a Rice Farmer?

Given the massive demand for rice in the Philippines, one might be forgiven for thinking rice operations are extremely profitable. However, this is not true for all rice farming operations, as farmers are faced with a multitude of expenses before they receive an income. When planned correctly, however, rice farming can indeed be very rewarding, offering both financial stability and the pride of helping feed a growing nation.

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Rice Farming

  • 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.

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Financial Model, Business Plan and Dashboard Templates - FinModelsLab

How To Write a Business Plan for Rice Farming business in 9 Steps: Checklist

By henry sheykin, resources on rice growing.

  • Financial Model
  • Business Plan
  • Value Proposition
  • One-Page Business Plan
  • SWOT Analysis
  • Business Model
  • Marketing Plan

Are you thinking of starting a rice farming business? You're not alone. The rice farming industry has been on a steady growth trajectory over the years, with global production amounting to over 490 million metric tons in 2020 alone.

However, starting a rice farming business requires careful planning, and a well-structured business plan is essential to its success. Here are 9 critical steps to include in your business plan to ensure your rice farming business thrives in the highly competitive market.

  • Conduct market research
  • Analyze competition
  • Identify ideal location
  • Determine funding sources
  • Create a team
  • Obtain necessary licenses and permits
  • Establish suppliers and distributors
  • Determine pricing strategy
  • Calculate expenses and profits

With these nine critical steps, you're well on your way to writing a comprehensive business plan that takes into account every aspect of your rice farming business, from market research to pricing strategy. Take the time to research your industry, analyze the competition, and create a team that's dedicated to your success for optimal results. Good luck!

Conduct Market Research

Before starting a rice farming business, conducting market research is a crucial step to understand the market demand, consumer preferences and behavior, and competitors' landscape. This step will help you identify the gaps in the market and how you can differentiate your business from the competitors.

To start, it is necessary to gather demographic and psychographic data of the target market. The demographic data includes age, gender, income, education, and location. The psychographic data includes consumers' preferences, behavior, and lifestyle. Once you have gathered the data, you can segment the market and create buyer personas to understand the target audience.

Tips for conducting Market Research

  • Conduct primary and secondary research to gather data from a variety of sources.
  • Use email surveys, focus groups, and interviews to gather feedback from potential customers and industry experts.
  • Attend trade shows, events, or conferences related to the agriculture business to network with industry professionals and learn about the latest trends and developments in the field.
  • Use online tools such as Google Trends, SEMRush, or Ahrefs to monitor search engine and social media trends related to rice farming business.

Once you have completed the market research, analyze the data, and create a report that includes the market size, growth potential, and target audience. Based on this analysis, you can tailor your business plan, branding, and marketing strategy to attract potential customers and investors.

Conducting market research is an ongoing process, and it is recommended to update the data periodically to stay updated with the latest market trends.

Analyze Competition

Once you have conducted your market research and identified the potential demand for your rice farming business, it is essential to analyze the competition in your chosen location. This step will help you understand the current rice market and give you insights into what you need to do to differentiate your business from competitors.

Research competitors: Start by identifying the existing rice farms in your chosen location. Research each company's size, target market, pricing, and distribution channels. Identify their strengths and weaknesses, and how you can leverage this knowledge to gain a competitive advantage.

  • Use Google and social media to find competitors in your area.
  • Visit farmer's markets and speak to local suppliers to identify potential competitors.

Identify market gaps: Look for gaps in the market where competitors are not meeting customer needs or where there is a lack of supply. This gap could be in product quality, price, or distribution channels.

  • Speak to potential customers and identify their unmet needs.
  • Visit supermarkets and local retailers to identify gaps in the rice market.

Analyze pricing strategies: Understanding how competitors price their rice enables you to determine your own pricing strategy. Look for areas where you can offer competitive pricing or where you can differentiate your product based on quality.

  • Research wholesale and retail prices for rice in your target market.
  • Identify the pricing strategies of your competitors, such as premium, low cost, or volume-based pricing.

By analyzing your competition, you can gain insights into the rice farming industry, identify market gaps, and develop strategies to differentiate your business. This knowledge is essential for creating a successful business plan that is both competitive and sustainable.

Identify Ideal Location

One of the most critical aspects of starting a rice farming business is choosing the ideal location for your farmland. You need to consider several factors while selecting a location that is best suited for cultivating high-quality rice.

  • The soil: The quality and type of soil play a vital role in cultivating rice. Look for areas with loamy soil, which is a well-balanced mix of sand, silt, and clay that retains water well and is ideal for rice farming.
  • The climate: Rice farming requires warm, humid weather. So, it's essential to choose a location where rainfall is adequate, and temperatures range between 21°C to 37°C.
  • The water supply: Water is essential for the growth of rice crops. So, ensure that the location has a regular and reliable water source, either through rain or irrigation systems.
  • The proximity to markets: Consider the location's distance from the markets where you plan to sell your rice crops. The closer you are to the markets, the more significant your profit margins can be.
  • The availability of labor: Finally, ensure that the location has an adequate supply of labor that can work on your farm. Rice farming requires a lot of manual labor, and you need to ensure that you have enough workers to maintain and harvest the crops.

Tips for selecting the ideal location:

  • Consult with agriculture experts in your area to know about the most suitable locations for rice farming in your region.
  • Check for the government scheme, incentives, and policies that support agriculture. Some regions may provide subsidies for cultivating certain crops, including rice.
  • Consider purchasing land in rural areas at a lower cost than urban areas. Still, ensure that the location is close enough to transport facilities for ease of distribution.

By identifying the ideal location for your rice farming business and ensuring that it meets the necessary criteria for high-quality crop cultivation, you can set a sturdy foundation for your business's success.

Determine Funding Sources

One of the most critical aspects of starting a rice farming business is determining the funding sources for the initial start-up capital and ongoing operational expenses. Below are some of the key factors to consider when determining the best funding sources for your business:

  • Start-Up Capital: Consider how much capital is required to purchase farmland, acquire equipment and supplies, and hire skilled labor.
  • Operating Expenses: Determine how much money is needed to cover monthly expenses such as labor, equipment maintenance, seed purchase, and irrigation expenses.
  • Loan Options: Look into several financing options, such as government-assisted loans, bank loans, agricultural grants and subsidies, and microfinance schemes.
  • Consider borrowing from family and friends, but be sure to establish clear repayment terms and interest rates.
  • Research online and ask for recommendations for reputable lenders with low-interest rates suitable for agricultural businesses.
  • Consider partnering with investors who share the same vision for your business.

After analyzing the funding sources available to you, it's essential to determine an estimate of how much capital is required for initial start-up and operational costs. You must ensure that the business can sustain expenses such as seed purchase, labor, irrigation, marketing, and distribution costs if the company must make a profit.

By identifying the best funding sources and creating a comprehensive budget plan, business owners can ensure that they have a reliable financial roadmap towards achieving their goals. Do not forget to keep your books accurate and up-to-date. Quick access to financial information can help you make informed business decisions and show potential investors how well your business is doing.

Remember that reliable funding sources are essential to the success of any business, and so you should take the time to identify the most suitable for your rice farming business.

Create A Team

Creating a strong team is imperative to the success of your rice farming business. A team with the right mix of skills, experience, and cultural fit can help you achieve your goals and grow your business. You can start by determining the different roles that need to be filled and identifying the skills and attributes that each role demands.

  • Put together a diverse team that brings different perspectives and experiences to the table
  • Ensure that each team member understands their role and responsibilities
  • Provide an open, collaborative and supportive work environment

Consider hiring individuals with experience in farming, agriculture, crop science, marketing, sales, and finance. They can provide valuable insights on crop rotation, soil analysis, yield optimization and the development of new products. Moreover, having team members with expertise in marketing and sales can help you promote your brand and reach your target audience.

  • Define roles, goals, and expectations clearly
  • Find ways to motivate and incentivize your team members
  • Organize team-building activities to foster collaboration and morale

When hiring, consider individuals who share your passion for rice farming and the agricultural sector. Local universities, agricultural associations, and industry events are excellent places to find enthusiastic and skilled individuals who can add value to your team. Don't forget to conduct thorough background checks and provide adequate training and resources to ensure your team members are up-to-date on best practices and industry trends.

  • Emphasize good communication skills from the hiring process to ensure that everyone understands their roles
  • Encourage your team members to participate in industry conferences and events to build their networks and knowledge base
  • Provide attractive compensation packages, job security, and benefits to retain top talent

Overall, building a strong, motivated team is essential to the success of your rice farming business. Make sure to take the time to attract the best talent, invest in their development and growth, and create an environment that fosters collaboration and creativity. With the right team, your business can achieve its goals and thrive in the competitive agricultural industry.

Obtain Necessary Licenses And Permits

Before beginning the rice farming business, you need to obtain the necessary licenses and permits required by the government and local agencies. These regulations vary from state to state and country to country , thus you need to research thoroughly on the requirements for obtaining these permits and licenses.

The most common licenses and permits required for rice farming include:

  • Land Use permits from the local land regulatory authorities
  • Agricultural Waste Management plans from the environmental protection agency
  • Water use permits from the water resource management authorities
  • Grain dealer's license from the grain regulatory authority

Tips for Obtaining the Necessary Licenses and Permits

  • Do your research beforehand to know the permits and licenses required to start the business in your location.
  • Contact the local authorities and agencies responsible for granting the licenses and permits to know the specific requirements.
  • Ensure that you have met all the necessary regulations before applying for the permit.
  • Get professional help from agricultural consultants and lawyers who are familiar with the legal requirements of the agribusiness.

It is important to note that failing to obtain the necessary licenses and permits can lead to hefty fines or even closure of your business . Therefore, ensure that you obtain all the necessary permits and licenses to avoid any legal issues that might arise in the future.

Establish Suppliers and Distributors

After identifying the ideal location for your rice farming business and determining the funding sources, the next step is to establish suppliers and distributors to ensure a smooth and reliable flow of production and sales. In this step, you will identify suppliers of seeds, fertilizers, pesticides, machinery, and other essential farming inputs. You will also set up a distribution network to get your rice to customers efficiently.

  • Find Reliable Suppliers: Look for credible and reputable suppliers that can provide high-quality inputs at a reasonable cost. Consider purchasing from manufacturers that supply directly to farmers rather than middlemen. You can also attend agricultural trade shows, network with other farmers, or seek referrals from the agriculture department to identify reliable suppliers.
  • Set up a Distribution Network: Identifying your target markets and identifying the most efficient means of transporting the rice to the market is vital. Depending on the size of your business, you can sell through wholesalers, retailers, or directly to end customers. Also, consider setting up an online store that customers can order from and have the rice delivered to them.
  • Build Relationships with Suppliers and Distributors: Creating strong relationships with your suppliers and distributors can lead to many benefits. For instance, you can ask for discounts, credit facilities, or priority access to products and services. Building trust and loyalty with your suppliers and distributors can lead to better prices, more favorable credit terms, and consistent delivery of your products.

Tips for Evaluating Your Suppliers and Distributors

  • Conduct background checks to confirm that they are legitimate businesses.
  • Read reviews from other customers and check their reputation online.
  • Ask for references and contact them for feedback on the supplier/distributor.
  • Get quotations from different suppliers and distributors to compare prices and quality.
  • Look at their delivery schedule as well as returns and exchange policy.

In conclusion, establishing reliable suppliers and distributors is crucial to the success of your rice farming business. Take time to evaluate and establish strong relationships with them to ensure that you get the best quality inputs at competitive prices, and your customers get a consistent supply of high-quality rice.

Determine Pricing Strategy

Setting the right price for your rice farming products is crucial for the success of your business. The pricing strategy you choose should be based on accurate market research and analysis of your competitors’ prices. Here are the essential factors to consider when determining your pricing strategy:

  • Costs: Calculate all the costs involved in rice farming, including seed costs, land acquisition costs, fertilizers, labor, and other expenses. Determine your break-even point so that you can price your products to cover all your costs and still make a profit.
  • Quality: The quality of your rice will significantly affect your pricing strategy. If you have high-quality rice that is sought after in the market, you can price it higher than your competitors.
  • Market demand: The demand for rice products in your target market should influence your pricing. If there is a high demand for rice products, you can increase your prices. If there is low demand, you might need to lower your prices to attract customers.
  • Competitor pricing: Analyze your competitors' pricing and the value they offer. You want to price your products competitively without undercutting your profits.
  • Consider the seasonality of the rice product when setting prices. Rice prices tend to fluctuate depending on the harvesting seasons.
  • Offer discounts to customers who purchase large quantities to encourage bulk buying.
  • Create different pricing tiers based on quality to attract a variety of customers with different budget ranges.

Setting the right pricing strategy takes careful consideration of all factors affecting your rice farming business. Keep in mind the cost of production, product quality, market demand, and competitor pricing. With a well-thought-out pricing strategy, you can ensure that your business is profitable while still remaining competitive in the market.

Calculate Expenses and Profits

After conducting market research, analyzing competition, identifying an ideal location, determining funding sources, creating a team, obtaining necessary licenses and permits, establishing suppliers and distributors, and determining the pricing strategy, it’s time to calculate expenses and profits. This step is crucial as it determines the sustainability and profitability of the rice farming business.

The expenses involved in rice farming include the cost of purchasing high-quality rice seeds, land acquisition or leasing costs, machinery and equipment costs, fertilizing and irrigation expenses, labor costs, marketing expenses, and administrative expenses.

When calculating the expenses, it’s essential to consider factors such as inflation, market fluctuations, natural disasters, and labor shortages that may increase costs. Accurate estimation of expenses is crucial in determining the budget needed to run the rice farming business.

  • Keep track of your expenses using accounting software to monitor your expenditure.
  • Minimize expenses by purchasing machinery and equipment in good working condition at an affordable price.

The profitability of the rice farming business depends on factors such as the demand for rice, the selling price, the yield, and the production cost. A successful rice farming business should aim at maximizing profits while minimizing the risks of losses.

To calculate the profit margins, deduct the total expenses from the total revenue. A high-profit margin indicates that the business is profitable, while a low-profit margin indicates that the business is struggling, and cost-cutting measures may be necessary.

  • Monitor your profit margins regularly to identify any deviations and take corrective measures immediately.
  • Identify additional sources of revenue, such as offering rice-cultivation consulting services or engaging in contract farming.

In conclusion, calculating expenses and profits is a crucial step for the sustainability and profitability of a rice farming business. Accurate estimation of expenses and regular monitoring of profit margins are essential in making informed decisions that will enhance the success of the business.

Starting a rice farming business can be a profitable venture if carefully planned and executed. Following a checklist of the nine steps, including conducting market research, analyzing competition, identifying an ideal location, determining funding sources, creating a team, obtaining necessary licenses and permits, establishing suppliers and distributors, determining pricing strategy, and calculating expenses and profits, can help ensure a successful launch. With potential for branding, export, and offering consulting services, this business offers numerous opportunities for growth and continued success.

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ProfitableVenture

Rice Farming Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Agriculture Sector

Are you about starting a rice farm? If YES, here is a complete sample rice farming business plan template & feasibility report you can use for FREE .

In the United States of America and of course in most parts of the world, rice is one of the stable foods that is consumed by every household. This goes to show that there are loads of business opportunities that revolve around rice and one of such opportunities is commercial rice farming business.

One good thing about this business is that if you can combine rice farming and rice processing, then your market will not be limited to just the united states of America but the rest of the world.

Although there are some states in the US that naturally support the cultivation of rice, but with latest technological advancement in the agriculture industry, you can successfully cultivate rice in most parts of the United States and not only around coastal regions.

A Sample Rice Farming Business Plan 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.

For instance, between 2000 and 2009 approximately 3.1 million acres in the US were under rice production, while an increase is expected in the next decade to approximately 3.3 million acres. It is on record that California rice is grown on approximately 500,000 acres, with the annual crop valued at approximately $780 million.

The commercial rice farming industry contributes half a billion dollars every year to the economy of the state of California. It is the base for highly skilled, living wage jobs in California and, through exports, all across various countries of the world.

Commercial rice farming is indeed one of many businesses that an entrepreneur who is interested in going into commercial farming can major in.

As a matter of fact, there are several commercial rice farms cum rice production companies scattered all around South American and costal states in the United States of America. This is so because rice easily grow and thrive pretty well in water – logged areas.

Establishments in the commercial rice farming industry primarily grow rice, which is then sold to millers for processing. The product is generally then sold to retailers, wholesalers, food processors and food-service establishments to reach the final consumer.

Statistics has it that farming (most especially commercial farming) of which rice farming is a part of employs more than 24 million American workers (which is roughly17 percent of the total workforce in the United States). For example, in 2006, the average American commercial farmer grew enough food for about 144 other people and also in 1940, the average farmer grew food for about 19 other people (which was close to enough food).

Records has it that in 2007, just 187,816 of the 2.2 million farms in the United States of America accounted for 63% of sales of agricultural products, marking a trend toward the concentration in agricultural production. Agricultural efficiency has increased over the past century from 27.5 acres/worker in 1890 to 740 acres/worker in 1990.

The performance of the Commercial Rice Framing industry depends to a larger extent on favorable farming conditions, with industry revenue fluctuating in line with production. It is a known fact that rice is a water-intensive crop and decreasing annual rainfall over the past five years negatively affected the cultivation cum harvest of rice hence decline in revenue generation for the industry.

In addition, reduced irrigated water allocations for commercial rice farmers, due to other agricultural industries, have caused production to decline following strong performances in the early stages of the last half – a – decade. Lastly, with the recent advancement in technology, farmers can now comfortably grow crops such as rice in regions where such crops can hardly survive and in places where there are low rainfalls – many thanks to the irrigation.

2. Executive Summary

Darren Pitcher® Commercial Rice Farms, LLC is a world class and registered commercial rice farm that will be based in the outskirt of Tallahassee, Florida – United States. We have done our detailed market research and feasibility studies and we were able to secure a well – situated and suitable farm land to start our commercial rice farming business.

Our commercial rice farming business is a going to be standard commercial rice farm hence will be involved in both commercial rice cultivation and processing and packaging of rice. We will be involved in both organic commercial rice farming and non – organic commercial rice farming.

We have put plans in place that will help us launch a standard and world – class rice processing and packaging plant within the first three years of officially running Darren Pitcher® Commercial Rice Farms, LLC. We will process and package rice and ensure that they flood the market both in the United States and in other countries of the world.

We want to compete with the best in the industry which is why aside from the fact that we’ve secured the required farming land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to be able to fit into the ideal picture of the 21 st century commercial rice farming and rice processing and packaging workforce that we want to build.

We are in the commercial rice farming business because we want to leverage on the vast opportunities available in the commercial farming industry, to contribute our quota in growing the U.S. economy, in national food production, raw materials production for industries, to export agriculture produce from the United States to other countries and over and above to make profit.

Darren Pitcher® Commercial Rice Farms, LLC is well positioned to become one of the leading commercial rice farms in the United States of America, which is why we have been able to source for the best hands and farm machineries to run the farm with.

We have put process and strategies in place that will help us employ best practices when it comes to commercial rice farming and rice processing and packaging as required by the regulating bodies in the United States of America.

Darren Pitcher® Commercial Rice Farms, LLC is a family business that is owned by Mr. Darren Pitcher and his immediate family members. The farm will be fully and single handedly financed by Darren Pitcher and his immediate family members.

Before starting Darren Pitcher® Commercial Rice Farms, LLC, Darren Pitcher has worked with some of the leading commercial farms and food processing plants in the United States of America; he has a degree (B.Sc.) in Agriculture Science from the University of California.

3. Our Products and Services

Darren Pitcher® Commercial Rice Farms, LLC is a world class commercial farm that is committed to cultivating both organic and non – organic rice for the United States’ market and the global market (processed and packaged rice). We are in business to produce food and raw materials for people and industries in commercial quantities.

We will also ensure that we operate a standard rice processing and packaging plant as part of our complimentary business.

We are in this line of business to make profits, and we will ensure that we do all that is allowed by the law of the United States of America to achieve our business goals and objectives. These are the areas we will concentrate on in our commercial rice farming business. If need arises we will definitely cultivate related crops;

  • Cultivation of short-grain rice, medium-grain rice and long-grain rice (organic and non – organic)
  • Standard rice processing plant (rice production and packaging)

4. Our 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 the United States of America but also on the global stage.
  • Darren Pitcher® Commercial Rice Farms, LLC 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 the United States market and the international market.
  • We want our well – packaged rice to flood every nooks and crannies of the United States and other countries of the world.

Our Business Structure

Darren Pitcher® Commercial Rice Farms, LLC is a commercial rice farm that intend starting small in Tallahassee – Florida, but hope to grow big in order to compete favorably with leading commercial rice farms in the commercial farming industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own which is why we are committed to only hiring the best hands in and around Florida.

At Darren Pitcher® Commercial Rice Farms, LLC, we will ensure that we hire people that are qualified, hardworking, dedicated, 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 five years or more as agreed by the management of the farm. In view of the above, Darren Pitcher® Commercial Rice Farms, LLC have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Operating Officer

General Farm Manager

Administrator / Accountant

Rice Cultivation Manager / Supervisor

  • Rice Processing and Packaging Manager
  • Sales and Marketing Executive
  • Field Employees
  • Front Desk Officer

5. Job Roles and Responsibilities

Chief Operating Officer:

  • 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
  • Responsible for the planning, management and coordinating all farm activities across the various sections on behalf of the organization
  • Supervise other section managers (rice cultivation manager and rice production manager)
  • Ensures compliance during project executions
  • Providing advice on the management of farming activities across all section
  • Responsible for carrying out risk assessment
  • Uses IT systems and software to keep track of people and progress of the growth of rice
  • Responsible for overseeing the accounting, costing and sale of farm produce after harvest
  • Represents the organization’s interest at various stakeholders’ meetings
  • Ensures that farming goals desired result are achieved, the most efficient resources (manpower, equipment, tools and chemicals et al) are utilized and different interests involved are satisfied.
  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Handles all financial transactions for the company
  • 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
  • Oversees the smooth running of the daily farming activities across the various farming sections.
  • Responsible for financial forecasting and risks analysis.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Serves as internal auditor for the company
  • Responsible for managing the rice cultivation section of the commercial rice farm
  • Supervises other workers within the department
  • Works closely with the General Manager to achieve the organizations’ goals and objectives

Rice Production Manager / Supervisor

  • Responsible for managing the rice processing and packaging(rice production) section of the commercial rice farm

Sales and Marketing Officer

  • 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 relevant projects.
  • Writes winning proposal documents, negotiate fees and rates in line with company policy
  • Responsible for handling business research, marker surveys and feasibility studies for clients
  • 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
  • Represents the company in strategic meetings
  • Helps to increase sales and growth for the company

Field Workers / Contract Staff

  • Responsible for preparing farm lands for rice cultivations
  • Responsible for watering the rice crop
  • Handles weeding or fertilizer and/or pest control application
  • Handles farm implements and machines as instructed by the section manager / supervisor
  • Assists in harvesting of rice
  • Carries out task in line with the stated job description
  • Assists in transport working tools and equipment from the farm and back to the designated store room
  • Handles any other duties as assigned by the line manager

Client Service Executive / Front Desk Officer

  • Welcomes guests and clients to the farm by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
  • Receives parcels / documents for Darren Pitcher® Commercial Rice Farms, LLC
  • Distributes mails in JB Michaels Commercial Farms, LCC

6. SWOT Analysis

Darren Pitcher® Commercial Rice Farms, LLC do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis.

We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard commercial rice farm that will favorably compete with leading commercial rice farms in the United States of America and in the rest part of the world.

As a world – class commercial rice farms and rice processing and packaging company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Darren Pitcher® Commercial Rice Farms, LLC;

Our strength as a commercial rice farm is the fact that we have healthy relationships with loads of major players (agriculture merchants who deal in rice) in the commercial farms industry; both suppliers and buyers within and outside of the United States.

We have some of the latest commercial rice farming machines, tools and rice processing equipment that will help us cultivate rice in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Tallahassee – Florida in our payroll.

Our weakness could be that we are a new commercial rice farms in the United States, and perhaps the fact that we decided to diversify our farming activities could count against us initial. We are aware of this and from our projection will overcome this weakness with time and turn it to a major advantage for the business.

  • Opportunities:

The opportunities that are available to us cannot be quantified; we know that there are loads of individuals who consume both organic and non – organic rice in different forms both in the United States of America and other parts of the world. We will ensure that we maximize the opportunities available to commercial rice farmers.

Some of the threats and challenges that we are likely going to face when we start our own commercial rice farm are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), unfavorable government policies and the arrival of a competitor (a commercial farm that cultivates same crop) as our farms within same location.

There is hardly anything we can do as regards this threats and challenges other than to be optimistic that things will continue to work for your good.

7. MARKET ANALYSIS

  • Market Trends

One of the common trends in the commercial rice farming line of business is that most players in the industry are no longer concentrating only on non – organic rice farming. They are now finding it easier to run both organic rice cultivation and non – organic rice cultivation. It is fact that despite that organic food are expensive, the sale for organic food is on the increase and it is indeed profitable.

In spite of the fact that commercial rice farming has been in existence since time immemorial, which does not in any way make the industry to be over saturated; commercial rice farmers are exploring new technology to continue to improve the cultivation processes and also rice processing and packaging processes; mechanized farming has indeed increased the tons of food produced by farmers.

The fact that there is always a ready market for rice makes the business highly thriving and profitable. Lastly, it is a common trend to find standard commercial rice farmers run a rice processing and packaging plant alongside their farm. It is a means of maximizing profits in the business.

With this, it is easier for them to expand the scope of their market beyond the United States of America to other countries of the world.

8. Our Target Market

It is a known fact that the target market of those who are the end consumer of rice in any form and also those who benefits from the business value chain of commercial rice farming industry is all encompassing; it is far – reaching.

Almost every household consumes rice. In essence, a commercial rice farmer that also run a rice processing and packaging plant should be able to sell his or her farm produce to as many people as possible including hotels, restaurants and dormitories et al.

We will ensure that we position our business to attract consumers of rice not just in the United States of America alone but also other parts of the world which is why we will be exporting our rice produce either in raw form or processed form to other countries of the world.

Our competitive advantage

The truth is that, it is easier to find entrepreneur flocking towards an industry that is known to generate consistent income which is why there are more commercial farmers in the United States of America and of course in most parts of the world.

For example, Statistics has it that there were 2.2 million farms in the United States of America, covering an area of 922 million acres. These goes to show that there are appreciable numbers of farmers in the United States of America but that does not mean that there is stiffer competition in the industry.

As a matter of fact, entrepreneurs are encouraged by the government to embrace commercial farming. This is so because part of the success of any nation is her ability to cultivate her own food and also export foods to other nations of the world.

Darren Pitcher® Commercial Rice Farms, LLC is fully aware that there are competitions when it comes to selling commercial farm produce including rice all over the globe, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States and in other parts of the world.

We have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are effective and reliable rice farming processes that can help us sell our rice at competitive prices, good network and excellent relationship management.

Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we will operate an all – round standard commercial rice farms that will be involved in the production of rice i.e. rice processing plant. With this, we will be able to take advantage of all the available opportunities within the industry.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups commercial rice farms) 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.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Darren Pitcher® Commercial Rice Farms, LLC is in the commercial rice farming business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives.

In essence we are not going to rely only on the sale of our rice to generate income for the business. Below are the sources we intend exploring to generate income for Darren Pitcher® Commercial Rice Farms, LLC;

10. Sales Forecast

We conducted a thorough market survey and feasibility studies and we were able to discover that the sales generated by a commercial farm depends on the size of the farm, the nature of the commercial farm (whether cattle rearing, poultry farming, fish farming and crops cultivation et al).

We have perfected or sales and marketing strategies and we are set to hit the ground running and we are quite optimistic that we will meet or even surpass our set sales target of generating enough income / profits from the year of operations and build the business from survival to sustainability.

We have been able to critically examine the agriculture industry cum commercial rice farm line business 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 workable assumptions as well with respect to the nature of commercial rice farm that we run.

We will be running a standard rice processing plant with a capacity to export well – branded and packaged rice to other countries of the world. Below are the projections that we were able to come up with for the first three years of running Darren Pitcher® Commercial Rice Farms, LLC;

  • First Fiscal Year-: $350,000
  • Second Fiscal Year-: $600,000
  • Third Fiscal Year-: $1.2 million

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), and unfavorable government policies. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

We are quite aware that in order to expand our market scope, we should go beyond just rice cultivation to rice processing and packaging. In view of that, we decided to set up a standard rice processing plant to help us maximize profits.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We want to build a standard and world – class commercial rice farms and rice processing and packaging company that will leverage on word of mouth advertisement from satisfied clients (both individuals and rice merchants).

Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and businesses that rely on the supply of rice as part of their menu. In summary, Darren Pitcher® Commercial Rice Farms, LLC will adopt the following strategies in marketing our commercial rice farm produce;

  • Introduce our business by sending introductory letters alongside our brochure to stake holders in the agriculture industry, rice merchants, hotels and restaurants and rice processing plants et al.
  • Advertise our business in agriculture and food related magazines and websites
  • List our commercial rice farms on yellow pages’ ads
  • Attend related agriculture and food expos, seminars, and business fairs et al
  • Leverage on the internet to promote our business
  • Engage in direct marketing
  • Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.

We know that it is important to create strategies that will help us boost our brand awareness and to create a corporate identity for our commercial rice farm business. Below are the platforms you can leverage on to boost our commercial rice farm brand and to promote and advertise our business;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events / programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our product
  • Install our Bill Boards on strategic locations all around Tallahassee – Florida
  • Engage in road show from time to time in targeted neighborhoods
  • Distribute our fliers and handbills in target areas
  • Contact hotels, restaurants, agriculture produce merchants and residence in our target areas by calling them up and informing them of Darren Pitcher® Commercial Rice Farms, LLC and the farm produce we sell
  • List our commercial rice farms in local directories / yellow pages
  • Advertise our commercial rice farms in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo et al.

12. Our Pricing Strategy

Some of the factors that will help you sell your rice at the right price that will guarantee that you make profits is dependent on your strategy while some of the factors are beyond your control.

For example, if the climatic condition is unfavorable and if there are natural disaster in the location where you have your commercial rice farm, then it will directly affect the harvest of plantain and also the prices of your farm produce.

Over and above, if you want to get the right pricing for your farm produce, then you should ensure that you choose a good location for your commercial farm, choose a good breed / seeds that will guarantee bountiful harvest, cut the cost of running your farm to the barest minimum and of course try as much as possible to attract buyers to your farm as against taking your farm produce to the market to source for buyers.

With this, you would have successfully eliminate the cost of transporting your harvest to the market and other logistics. We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for rice is to sell them at competitive prices hence we will do all we can to ensure that the price of our rice are going to be what other commercial rice farmers would look towards beating.

One thing is certain, the nature of commercial farming makes it possible for farmers to place prices for their farm produce based on their discretion without following the benchmark in the industry. The truth is that it is one of the means of avoiding running into loss. The easier you sell off your harvested rice the better for your business.

  • Payment Options

The payment policy adopted by Darren Pitcher® Commercial Rice Farms, 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 Darren Pitcher® Commercial Rice Farms, LLC will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • 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 and processed rice (well – branded and packaged rice).

13. Startup Expenditure (Budget)

When it comes to calculating the cost of starting a commercial rice farm with rice processing plant, there are some key factors that should serve as a guide. Factor such as the capacity of rice processing plant you want to own and the size of the commercial rice farm.

Besides, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to start a world – class commercial farm, 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 farm 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 commercial rice farm; it might differ in other countries due to the value of their money. Below are some of the basic areas we will spend our start – up capital in setting up our commercial rice farm;

  • The Total Fee for incorporating the Business in United States of America – $750.
  • The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400
  • The amount needed to acquire / lease a farm land – $50,000
  • The amount required for preparing the farm land – $70,000
  • The cost for acquiring the required working tools and equipment / machines / fencing et al– $10,000
  • The amount required for purchase of the first set of rice seedlings et al – $50,000
  • The amount required to set up a standard rice processing plant within the farm facility – $100,000
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000
  • The Cost of launching an official website – $600
  • The amount required for payment of workers for a period of 3 months – $100,000
  • Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000

Going by the report from detailed research and feasibility studies conducted, we will need an average of $500,000 to start a standard commercial rice farming with rice processing plant business in the United States of America. These are some of the equipment that we would need to fully launch our commercial plantain farm,

  • Soil cultivator
  • Harrow (e.g. Spike harrow, Drag harrow, Disk harrow)
  • Stone / Rock / Debris removal implement (e.g. Destoner, Rock windrower / rock rake, Stone picker / picker)
  • Broadcast seeder (alternatively: broadcast spreader, fertilizer spreader, or Air seeder)
  • Plastic mulch layer
  • Transplanter
  • Sprinkler system irrigation
  • Wheel Barrow

Basically, the nature of commercial rice farms does not require an office space; most people that run commercial farms operate directly from their farms. But we have decided to open a small liaison office; a place where administrative jobs will be carried out on behalf of the business.

Generating Funds / Startup Capital for Darren Pitcher ® Commercial Rice Farms, LLC

No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a business such as commercial rice farming and rice processing and packaging plant business.

No doubt raising startup capital for a business might not come cheap, but it is a task that an entrepreneur must go through. Darren Pitcher® Commercial Rice Farms, LLC is a family business that will be owned and managed by Darren Pitcher and his immediate family members.

They are the sole financial of the firm, but may likely welcome other partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources. These are the areas where we intend sourcing for fund for Humphrey GT & Family Farms Ltd;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 ( Personal savings $80,000 and soft loan from family members $20,000 ) and we are at the final stages of obtaining a loan facility of $400,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

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 Darren Pitcher® Commercial Rice Farms, 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 sell our farm produce ( processed and well – packaged organic and non – organic rice ) 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.

Darren Pitcher® Commercial Rice Farms, 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 organization’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner of our business strategy.

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 five years or more as determined by the management of the organization. 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 Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Leasing of farm land in Tallahassee – Florida: Completed
  • Conducting Feasibility Studies: Completed
  • Start – up Capital Generation: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Building /construction of cages and fence et al: In Progress
  • Purchase of the needed working tools, machines and equipment: Completed
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business (Business PR): In Progress
  • Farm land Treatment, Health and Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in the industry ( agriculture farm produce merchants, fertilizer suppliers and transporter / haulage companies et al ): Completed

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Starting a Profitable Rice Retailing Business: Your Ultimate Guide 

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Disclosure: Small Business Philippines strives to provide relevant and accurate information in all its articles. However, some information in our articles may differ or might be outdated from what you can see or read directly from the establishments’ or businesses’ websites. Please get in touch with us directly for any discrepancies.

Starting your rice retailing business at the right time is crucial for success. Factors such as market demand, competition, and the availability of capital should be taken into account. This section will guide you in identifying the optimal time to launch your business.

Market Research

Business plan and financing, supplier and inventory management, store setup and equipment, pricing and promotion, customer service and engagement, examples and tips for a successful rice retailing business, key takeaways.

Choosing the right location for your rice retailing business is essential. Factors like proximity to target customers, accessibility, competition, and infrastructure should be considered. This section will provide insights on selecting the best location to maximize your business’s potential.

Step-by-Step Guide to Launching Your Rice Retailing Business

Conduct thorough market research to identify your target customers, understand their preferences, and analyze the competition. This step will help you develop effective strategies to attract and retain customers.

Create a comprehensive business plan that outlines your objectives, marketing strategies, operational processes, and financial projections. Determine the capital required and explore various financing options available to fund your rice retailing business.

Legal Requirements and Permits

Familiarize yourself with the legal requirements and permits necessary to operate a rice retailing business in the Philippines. This step will ensure compliance with regulations and avoid potential penalties.

Establish relationships with reliable rice suppliers and negotiate favorable terms. Develop an inventory management system to ensure adequate stock levels, minimize wastage, and maintain product freshness.

Design an appealing and functional store layout that enhances the shopping experience for your customers. Acquire the necessary equipment, such as weighing scales, storage containers, and display shelves, to facilitate smooth operations.

Determine competitive and profitable pricing strategies while considering factors such as market trends , production costs, and customer expectations. Implement effective marketing and promotional activities to generate awareness and drive sales.

Deliver exceptional customer service to build loyalty and attract repeat business. Implement customer engagement strategies like loyalty programs, feedback mechanisms, and personalized experiences to enhance customer satisfaction.

Example 1: The Story of Juan’s Rice Mart Explore the inspiring journey of Juan’s Rice Mart, a successful rice retailing business that started small but grew exponentially through strategic planning , exceptional customer service, and innovative marketing techniques.

Example 2: Leveraging Technology for Business Growth Discover how rice retailers are leveraging technology solutions such as online platforms, mobile apps, and social media marketing to expand their reach, attract new customers, and streamline operations.

Tips for Success:

  • Build strong relationships with your customers and suppliers.
  • Monitor market trends and adjust your offerings accordingly.
  • Focus on product quality and consistently deliver fresh rice.
  • Embrace digital marketing strategies to reach a wider audience.
  • Continuously improve your operational processes for efficiency.
  • Starting a rice retailing business in the Philippines can be a profitable venture due to the high demand for rice.
  • Conduct thorough market research, develop a solid business plan, and secure the necessary permits and licenses.
  • Choose a strategic location, establish reliable supplier relationships, and provide excellent customer service.
  • Leverage technology and stay updated on industry trends to stay competitive.

Ready to start your rice retailing business in 2023? Follow the step-by-step guide , implement the proven tips, and unlock the potential of this lucrative industry. Begin your journey to success today!

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Allan Martinez

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How To Start Profitable farming Business In Philippines

How To Start A Lucrative Farming Business In Philippines

rice farming business plan in philippines

In the Philippines today, farming is one of the important aspects of the economy, it is known to contribute over 14% of the total nation’s Gdp.

However, over the last 2 decades, there has been about a 10 % reduction in GDP contributed by the agricultural sector. Reasons not farfetched from poor remuneration and lack of government support for the sector.

So to get started with profitable farming in the Philippines, you need to acquire farmland, embark on both livestock farming and crop cultivation, and market your products outside the coast of the country.

So in this guide, we will be giving information on how you can venture into profitable agriculture in the Philippines and all you need to know.

How To Start A Lucrative Farming In the Philippines Step By Step Guide

Table of Contents

Follow the guide below to start farming in the Philippines;

Step 1: Identify the size and type of farming you want to start

Crop farming and animal husbandry are two of the most common agricultural activities, although there are many other options available.

That said, we think you’re here to cultivate crops, that is what we will focus on entirely in this content. Determine how big or little you want your crop-growing business to be before you get started.

You can start out on a huge or small scale, or even in your own backyard. With this focus, you’ll gain clarity on what to do, how much capital to set aside, and a slew of other things.

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Step 2: Go for training

Depending on the usual practices in your chosen area, you may need to look into them further by taking courses online and reading up about the crop you want to venture into.

Whether you want to start a tomato farm or a poultry farm, the best agricultural methods for each are different, therefore you should do further research on the type of farming you want to do.

In the event that you need assistance in a particular area, please let us know in the comments section. Experts in farming can help you choose the best techniques for any region you’ve selected.

Read Also:  How To Start Farming In Ghana Step By Step Guide

Step 3: buy your farmland

Before beginning a farming career, you must first purchase agricultural land. There is a direct correlation between how large you want your farm to be and how much land you will need.

Anywhere from one acre to many acres may be needed for your project.

Step 4: Deforest the Land

Cleared Farmland

Your next task is to clear the farmland of all trees, grasses, shrubs, and forests. You can utilize either a machine or human labor to do this task.

The size of your farm will play a role in your decision, as manual labor is best suited for farms with a total area of 1 to 3 acres. However, if you wish to acquire or plan to buy more than 5 acres, it is best to employ a machine.

After clearing, burn the brush to get rid of unwanted shrubs and weeds, which will make farming more efficient and less time-consuming on the farm.

Step 5: Start making heaps/ridges

In some cases, you may not need to form ridges if you’re planting cocoa, palm, cashew, mango, rice, and many other types of crops.

It’s possible that you’ll need to form ridges to better support the root systems of your crops if you’re growing things like tomatoes, yams, millets, and groundnuts, for example.

Step 6: Start Planting your desired crops

During this period, you can begin planting your desired crops. Make sure you buy the greatest possible strain of the crop you intend to grow. ” If you need any seed, feel free to ask in the comments area.

Profitable Farming To Start In the Philippines

Following is the list of crops and animals you can start in the Philippines that will increase your income.

Tomato farming:

You can start tomato farming in the Philippines and set up a local company that can package it into processed ones. It can be processed into tin tomatoes, sachet tomatoes, and many other forms that can be exported out of the country.

Palm Farming:

You can venture into the growing and processing of palm fruits. Palm fruits are grown for their seed which is in turn processed into red oil which is in high demand. The beauty of this plant is that it can grow on any soil type.

Goat Farming:

You can start goat farming in the Philippines to export outside of the country.

Poultry farming:

Poultry is one of the most profitable ventures to start anywhere in the world. So, you can venture into this either for meat production (Broilers farming) or egg production (Layers farming)

The demand for pork meat and its derivatives are in high demand, Philippines farmers can leverage this and start raising pigs for exportation.

Cattle Ranching:

The demand for milk and dairy produce is never going to be low, so, you can level leverage on this and start raising cows for meat production and milk processing.

Major problems of Agriculture/farming in the Philippines

Low diversification:.

Farmers in the Philippines lack the ability to diversify into growing crops and livestock that are in high demand even in the neighboring countries. Famers limit their farming scope to the traditional rice, coconut, corn, and others that are locally consumed.

Lack of access to funds:

Most farmers who are ready to farm in the Philippines lack access to capital to venture into it, or have a fund that is not sufficient for running and setting up a proper farm.

Lack of Agricultural input:

Most input that is needed for standard farming such as hybridized crops, and improved breed of animals are not readily available for farmers.

Low literacy level:

Most farmers in the Philippines are illiterates, this, in turn, tells in the practices they embark on, the type of seed they plant, and many more.

The solution to problems of Agriculture/farming in the Philippines

Farmers should learn to grow other plants:.

Farmers should learn to diversify into the growth of plants that are in high demand such as cocoa, palm, rubber, cashew nut, and maize. Doing this will expand their capacity for international sales which will increase the country’s GDP and accelerate farmers’ standard of living.

Government Should Make loan Accessible to farmers:

The government should encourage farming habits by making funds and expensive equipment available for farmers who are interested in farming.

Agricultural awareness program:

Government should set up a body that will sensitize people on the importance of farming, and how to start profitable farming in the Philippines, and also guides them to make a living from farming.

What are the most profitable crops in the Philippines?

According to statistics pineapple and tomatoes are the most profitable and lucrative crops in the Philippines.

Is farming in the Philippines profitable?

Yes, but you must learn to diversify into planting varieties of crops and also venture into animal husbandry.

What is the most profitable crop in the Philippines in 2024?

How much do filipino farmers earn.

Averagely farmers earn P331.10 in a day.

Why farmers are poor in the Philippines?

Why most Philippines farmers are poor is because of a lack of capacity for diversification, lack of education, economy, and social hullabaloo.

Is buying a farm a good investment Philippines?

Yes, it is a long-lasting and low-risk investment.

What is the biggest problem in agriculture in the Philippines?

The biggest agricultural problem in the Philippines is the lack of diversification. Farmers in the Philippines lack the ability to diversify into growing crops and livestock that are in high demand even in the neighboring countries. Famers limit their farming scope to the traditional rice, coconut, corn, and others that are locally consumed.

In conclusion, in time past, farming has been seen as a poor man’s profession in the Philippines which is against the true potential that is embedded in agriculture. We have done justice to how you can start farming in the Philippines and all you need to know about it.

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rice farming business plan in philippines

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I would to know the following: 1. Do I need to get a business license if I take care 10 cows? 2. I would like to attend a seminar in Sto Tomas, Batangas. Do you offer one in that location?

Yes you may need to get license, but you may check with your local authorities to get clearer picture

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rice farming business plan in philippines

Sample Rice Farming Business Plan

Rice farming business plan sample.

Rice is a staple food across several countries around the world. This makes it a very important area of investment among investors.

With different varieties to choose from, investors have taken advantage of the popularity of this crop to grow their investments.

However, despite the interests and the investments committed to this business, a lot of entrepreneurs have failed to grow their investments.

This might not be unconnected with the absence of a business plan. The business plan provides the needed framework from which to implement sound business strategies. It is in the light of this that this rice farming business plan sample is written.

The presence of this (business plan) provides the entrepreneur with a clear line of action to take or implement leading to the growth and success of his/her rice farming business.

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

Table of Contents

Executive Summary

Products and Services

Vision Statement

Mission Statement

Competitive Advantage

Target Market

Sales Projection

  • Sources of Revenue

Publicity and Advert Strategies

Payment Channels

To be located in Arkansas, Roushney’s Rice Farm is a rice farm that will be specialized mainly on commercial rice farming.

Apart from the commercial cultivation of rice, our business interests will also include a rice mill where the produced rice will be processed and well packaged for domestic and international consumption. The export of our product will commence 5 years into our business operations.

Our sole product will be the production of rice on a commercial scale. Apart from the commercial cultivation of rice, other services we offer include rice processing for other farms and also the packaging of this product for domestic consumption and in the nearest future (5 years), the international market.

Our vision at Roushney’s Rice Farm is to be among the top 5 rice brands in America within 7 years of commencement of business operations.

Our mission is to commercially produce and process rice under the best conditions while maintaining the highest standards of quality recommended by the relevant regulatory bodies.

Also, with the help of an effective marketing department, we will be involved in aggressive marketing aimed at ensuring our product is consumed in every city in the United States, thereby gaining a substantial market share.

Our competitive advantage is the world-class marketing department established at Roushney’s. This department is manned by experts in marketing with years of experience in the agro-industry. With the vital contribution they will make, our rice farming business will be propelled into the big league within the shortest possible time.

Also, this rice farming business will have a highly motivated workforce that will be regularly given incentives to get the best from them. In addition to this, a work-friendly environment will be provided to enhance productivity.

With the large market for rice both domestically and internationally, our target scope is considerably wide. Apart from those along the rice value chain we will be targeting domestic consumers that include households, eateries, hotels, schools and also export these to rice consuming countries across the world.

We have come up with a 3 year projected sales from research conducted. The results show promising growth for our sales. This uses current economic realities. It, however, discounts unforeseen factors such as sudden inflation and natural disasters. The chart below summarizes the findings of the research conducted on our sales projection;

  • First Year $290,000
  • Second Year $510,000
  • Third Year $880,500

Source of Revenue

Our source of revenue generation will come from our income-generating activities which include the commercial cultivation of rice, in addition to the processing of the same which will be sold to the open market consisting of both domestic and international.

Led by a strong marketing department, we will be using the latest tools in promoting our products and services. This is aimed at ensuring that more consumers know about the services we offer. By adopting efficient and effective publicity and advert strategies, our customer base will grow significantly within a relatively short time.

Our payment channels are robust and aimed at capturing the unique payment needs of our clients. It includes varied payment options that consist of the use of POS machines, the acceptance of cash deposits, payment through bank draft, mobile money, and the receipt of cheques among other options that may come up. This is done so our clients will pay for our products with ease, without being frustrated due to the shortage of payment options.

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’s unique business realities.

READ: STARTING A RICE RETAILING BUSINESS

With a compelling and well-written business plan, you are sure to attract the necessary funding for your business, in addition to having the right framework that will guide your business to avoid common pitfalls that come with a lack of having a good business plan.

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How to setting up rice milling business in Philippines

Rice has been a staple of the Filipino diet since time immemorial.Therefore,setting up a rice milling business in the Philippines can be a smart move.Do you want to know the steps to setting up a rice milling business in Philippines? As with any other type of grain processing business, there are two ways to make this happen. Either start a rice milling shop to processing paddy for the farmer or build a rice milling plant to sell your own brand white rice.Each has its pros and cons so you should weigh your options carefully before venturing into this type of business.

Compared with build a rice milling plant, it will be much easily to build a rice milling factory

1. Find a good location

Choosing a good place is a very important start for opening a rice milling store

2.Obtain the necessary licenses and permits

No matter which kind of business , obtaining licenses and business permits is necessary.

3.Buy rice milling machine

The major equipment for a rice milling shop is the rice milling machine.

Rice Milling Machine In Philippines

Small scale enterprise in the countryside might as well take a second look at a compact rice milling machine that can perform the functions of bigger models.This is the model 6LN15 from China .One very good reason why it can be profitable is that the mill has a high milling recovery rate of 68.1 percent. This means that for every 100 kilos of paddy milled, 68.1 kilos of polished rice is recovered.The rice milling machine has a cleaner machine ,husk machine, rice bran separator, rice milling machine,rice grader machine. The milled rice is therefore very clean.it can be operated by just one man.

The investor can install one in a community where small rice farmers produce quantities that the big rice processing complexes will not care to accept. the small rice farmers  can have their harvest milled and sell the same as commercial rice, they will significantly increase their income. Many farmers harvest 120 cavans of palay from one hectare. If they sell the palay at P17 per kilo, the gross income will be P102,000.

But if they have their harvest milled by 6LN15 paddy rice mill plant, they will get total of 3,900 kilos of polished rice. Because the rice is of high quality, that will sell at P42 per kilo and the gross value will be P163,000. The cost of milling is only P7,800 so there is an increase in income of P53,200 for farmers who have their paddy milled and sell the same as commercial rice.

Do you want to know how to get your own custom package rice product to sell? it’s much complicated to setting up rice milling plant in Philippines

1.Learn more information about rice milling business

Before taking a plunge into the rice milling business, it is important that you find any rice mill around you; look at the environment, have a feel of the processes involved in rice milling and meet with the owner or manager. Let them know that you are also planning to start the business and would need some mentoring.You should also find out the costs of starting the business as well the costs of running the business after launch. Find out the equipment and manpower required. Find out about the pitfalls and challenges that new entrants into the business will most likely face. And find out how to avoid the pitfalls and overcome the challenges.

2.Create a business plan

Developing a business plan for your rice milling business is very important, as it will guide you through the process of starting the business successfully and running it effectively afterwards. Your business plan will also come in handy when you approach investors or lenders to fund your business.Your business plan will detail your business’s goals and objectives, required startup and running costs, projected earnings over the first few years, required staff, your target market and a thorough analysis of that market, the competition, your marketing strategy and unique selling point, and your exit strategy.it’s an important step to for setting up rice milling business in Philippines.

3.Obtain the necessary licenses and permits

In virtually all parts of the world, obtaining licenses and business permits is a requirement for starting any business. However, the required licenses and permits vary between states and countries.So it’s better you visit the appropriate agency in your state or country to inquire about the licenses and permits you will need to obtain before you can start your rice milling business. Better yet, visit the agency’s website or contact a seasoned attorney to find out.

4.Find a good location

A good location is germane to the success of any business. The ideal location for your rice milling business is one that is easily assemble to trucks and other vehicles, since these will be used to transport rice to and from your mill.In addition, when choosing a location for your rice milling business, you must factor in the availability of electricity and other utilities you will need for the day-to-day running of your business.

5.Buy equipment

The major equipment in rice milling business is rice milling plant. This machine neatly de-husks raw rice to produce rice in its edible form.The rice milling plant you can import from countries like China, where the machines are usually manufactured and sold at relatively reduced prices.

6.Hire employees and start operations

You will need to hire other people to work with you. For example, you will need laborers who will offload raw rice and rice milling plant operators, depending on the capacity of machines in your rice milling plant.

Rice Milling Plant In Philippines

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rice farming business plan in philippines

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The Duterte administration envisions the availability and affordability of food for all Filipinos, thus the DA has adopted a policy of achieving food sufficiency, especially for basic and staple food commodities like rice. To implement such a policy, it will pursue the Masaganang Ani program that desires to increase rice yield to 10 tons/ha in irrigated areas; lower production cost to P8/kg; and reduce postharvest losses. It calls for improved rice farming technologies, the use of hybrid seeds, and effective soil rehabilitation and nutrient management.

PhilRice will help pursue the Program by providing science-based approaches on how to produce enough rice for all Filipinos. In consultation with our major partners and key stakeholders, we have mapped out this Strategic Plan for 2017-2022. Guided by our new vision, “Rice-Secure Philippines”, we and our partners will propose and execute strategies on how to create significant impacts on the lives of all our rice stakeholders. This Plan has three salient features:

  • We shift our operations from business-as-usual to business-unusual.
  • We move from a production orientation to the development of the whole rice industry focused on four Cs (cultivation, commerce, consumption, and competitiveness).
  • We re-focus on achieving strategic outcomes through impact-oriented and partnership-driven research for development (R4D).

By 2022, our aspired impact is for the country to have a competitive rice economy, with PhilRice and its partners generating and sharing cutting-edge agricultural innovations vigorously guided by science-based and supportive policies; resilient rice-farming communities benefiting from increased income in a sustainable environment; improved rice trade through efficient post production, better product quality and reliable supply, and distribution system; and responsible consumers having access to safe, nutritious, and affordable rice and rice-based products.

To help realize the foregoing, we will showcase that average rice yields can be increased by 1.0 t/ha (irrigated) and a minimum of 0.5 t/ha (rainfed) in our target sites. We will target provinces with yields of < 4t/ha in irrigated and 25.23%. We will also help reduce postharvest losses from 16% to 10%. Likewise, we will help reduce the cost of rice production from the national estimate of PhP 12/kg to PhP 7/kg so our rice producers (especially smallholder farmers) will be competitive in an integrated ASEAN market.

Along with this, we will pursue seven strategic outcomes: (1) increased productivity, costeffectiveness, and profitability of rice farming in a sustainable manner; (2) improved rice trade through efficient postproduction, better product quality, and reliable supply and distribution system; (3) enhanced value, availability, and utilization of rice, diversified rice-based farming products, and by-products for better quality, safety, health, nutrition, and income; (4) science-based and supportive rice policy environment; (5) advanced rice science and technology as continuing sources of growth; (6) enhanced partnerships and knowledge management for rice research for development (R4D); and (7) strengthened institutional capability of PhilRice.

  • DA-PhilRice urges farmers to test heat-tolerant rice varieties May 10, 2024
  • RCEF expansion area in Dinagat Islands records yield hike April 30, 2024
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  1. Natural Vegetable Farming: How One Retirement Farm is Supporting Poor Farmers in the Community

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  5. Executive ng Malaking Conglomerate, Pinili ang Maging Super Successful Farmer!

  6. 280 hectares farm investment ng mga OFW, planted with Cacao and Banana!

COMMENTS

  1. Start a Rice Business in the Philippines: 3 Options You Can Do

    Conclusion. People wanting to start rice businesses in the Philippines should know that there are opportunities other than rice selling as retail or wholesale rice suppliers. Your 3 options are as a (1) grower/farmer, (2) trader, and (3) wholesaler/retailer. PSA statistics are of great help, but keep in mind the economic tradeoffs per business ...

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

    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.

  3. Bigasan Business 2024: How To Start, Capital, Profit (Plus, Tips To

    1. Capital. How much capital you need to start a bigasan business depends on your business model. Capital investment may start from ₱50,000 (retailer) to ₱300,000 (franchise). 2. Customers. Residences, restaurants, hotels, and other establishments that sell rice meals. 3. Competitors.

  4. 11 steps to becoming a rice farmer in the Philippines

    5.) Prepare Your Land. Preparation for seeding will be different for every case, depending on the specific piece of land and the variety of rice you plan to grow. In any case, you will want to ...

  5. Rice Farming: Best Business Plan With 20 Tips

    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.

  6. PDF The Future of Rice Farming in The Philippines (Futurerice)

    For the Philippines to become rice self-sufficient, it must adopt farming technologies such as improved varieties and technological know-how. This project aimed to help in promoting knowledge of farming technologies and practices that would help farming communities mitigate the effects of aforementioned future scenarios.

  7. Ready to Be a Rice Seller? Here's How to Start a Bigasan Business

    Why You Should Start a Rice Business in the Philippines . According to the Philippine Statistics Authority (PSA), Filipinos consume 118.81 kilograms annually, equivalent to 325.5 grams of milled rice daily. ... Check out this rice business plan sample in the Philippines. [2] 2. ... (Department of Agriculture) [2] Rice Retail and Wholesale ...

  8. Master Rice Farming: 9 Steps to a Winning Business Plan

    However, starting a rice farming business requires careful planning, and a well-structured business plan is essential to its success. Here are 9 critical steps to include in your business plan to ensure your rice farming business thrives in the highly competitive market. Conduct market research. Analyze competition.

  9. From binhi to bigas: the laypersons' guide to the rice production

    Quite a lot of labor and capital. Despite rice being a staple of the Pinoy dining table, not many Filipinos understand how the country's favorite grain goes from binhi (seed) to bigas (milled rice). When Make a Difference (MAD) Travel, his social tourism business was put on hold because of the pandemic, agroforest and tourism entrepreneur Raf ...

  10. PDF The PhilRice

    we have mapped out this Strategic Plan for 2017-2022. Guided by our new vision, "Rice-Secure Philippines", we and our partners will propose and execute strategies on how to create significant impacts on the lives of all our rice stakeholders. This Plan has three salient features: We shift our operations from business-as-usual to business ...

  11. Rice Farming Business Plan [Sample Template]

    A Sample Rice Farming Business Plan 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.

  12. PDF Rice Farm Modernization and Mechanization Program Contents

    Strategic Plan 2017-2022: • Increased productivity, cost-effectiveness, and profitability of rice farming in a sustainable manner; • Improved rice trade through efficient post production, better product quality, and reliable supply and distribution system;and • Enhanced value, availability, and utilization of rice, diversified rice-based

  13. Starting a Profitable Rice Retailing Business: Your Ultimate Guide

    Key Takeaways. Starting a rice retailing business in the Philippines can be a profitable venture due to the high demand for rice. Conduct thorough market research, develop a solid business plan, and secure the necessary permits and licenses. Choose a strategic location, establish reliable supplier relationships, and provide excellent customer ...

  14. How To Start A Lucrative Farming Business In Philippines

    Step 4: Deforest the Land. Cleared Farmland. Your next task is to clear the farmland of all trees, grasses, shrubs, and forests. You can utilize either a machine or human labor to do this task. The size of your farm will play a role in your decision, as manual labor is best suited for farms with a total area of 1 to 3 acres.

  15. Starting A Rice And Palay Business

    Starting a rice and palay business can be a self-sufficient business, while you are helping farmers sell their crops, you are also earning while you distribute them to the proper channels. Before you enter this business, you should remember that in this business you should always be fair. If you give too much to the farmers, you may have ...

  16. Sample Rice Farming Business Plan

    Here is a sample business plan for starting a rice farm. Table of Contents. Executive Summary. To be located in Arkansas, Roushney's Rice Farm is a rice farm that will be specialized mainly on commercial rice farming. Apart from the commercial cultivation of rice, our business interests will also include a rice mill where the produced rice ...

  17. How To Setting Up Rice Milling Business In Philippines

    1.Learn more information about rice milling business. Before taking a plunge into the rice milling business, it is important that you find any rice mill around you; look at the environment, have a feel of the processes involved in rice milling and meet with the owner or manager. Let them know that you are also planning to start the business and ...

  18. Modeling Profitability in Rice Farming Under Philippine Rice

    Data from 177 rice farmers in Hilongos, Leyte, Philippines were analyzed using descriptive analysis and econometric modeling. Results showed that the profitability of rice farmers is decreasing ...

  19. How to start an Agriculture Business in the Philippines?

    The Right License should be obtained; There are different permits required when putting up a farm in the Philippines and becoming operational. To sell, import, export, or even transfer products from farms in the Philippines, you need various permits. To obtain your business license for agriculture, you can contact Philippine Coconut Authority ...

  20. PDF SIMPLIFIED BUSINESS PLAN On

    the business of similar project : Vision (How do you see your business in five years) _____. Mission (What will you do to achieve that vision) _____. Project Description (Describe your business, its scope/scale, when will you start the project, and how are you going to start your business)

  21. Rice

    The Philippines alone recorded 4.81 million hectares of area harvested for rice and a total production of 19.96 million metric tons, with the value of Php 403.89 billion (PSA 2021). However, even with this level of rice production in the Philippines, rice is still the 3rd most imported agricultural item of the country.

  22. Rice Farming Practices in the Philippines

    Rice Farming Practices in the Philippines. How do our Filipino farmers cultivate rice? What practices do they usually do? Learn and study the different farming methods and technologies used by the Filipino rice farmers. Seeding Rate (2016 WS-2017 DS) Average. 94. Transplanting. 71.

  23. DA assures stable rice supply in 2024 despite production decline in Q1

    AMPLE SUPPLY. Several rice varieties are displayed at a stall in Nepa Q-Mart in Cubao, Quezon City on April 11, 2024. The Department of Agriculture on Thursday (May 2, 2024) assured that the country will have sufficient supply of rice for the whole year despite a dip in production in the first quarter of 2024 due to the El Niño phenomenon.

  24. Exclusive: India's Modi, chasing reform legacy, shifts income goals for

    Modi has set out a broad plan for the country of 1.4 billion to become a developed nation by 2047 when it will mark 100 years of freedom from British rule, and transformation of the farm sector is ...

  25. Our Strategic Plan

    Learn more about the Department of Agriculture's Philippine Rice Research Institute (PhilRice) and their strategic plans today. ISO 9001:2015; ... we have mapped out this Strategic Plan for 2017-2022. Guided by our new vision, "Rice-Secure Philippines", we and our partners will propose and execute strategies on how to create significant ...