We aim to establish a 75 acre mechanized soya beans farm, build a silo, inventory credit facility for soya beans farmers and a processing plant.
The Farm: The farm will be located in the East Gonja District, Northern Region and Hohoe Municipality, Volta Region. This will be a mechandized farm and explore the possible means of irrigation. The farm will produce at least three (3) varieties in the first year. Once profitability has been established, the farm will begin to expand into more rare varieties. A total of 75 acres of soya beans farm.
The Silo and Inventory Credit Facility: The silo will be situated at Hohoe in the Volta Region and Salaga in the Northern Region. These silos are available to smallholder farmers to access for a fee. The silos will also provide an Inventory Credit facility to these farmers.
The Processing Plant: This plant will be situated at Hohoe. The reason is proximity to both supply of raw material and market. The soya beans will be will be processed into cooking and industrial oil, and animal feed.
We plan to sell our crop to domestic buyers in the short to medium term whiles planning to increase production for the international market. In order to keep its profit margin high, our business will concentrate on selling the majority of its produce to the local fish and poultry feed producers and other industrial users. Second cycle institutions and local food producers will be our secondary target market.
The objectives over the next five years for our company (VFP) are:
• Achieve profitability in year two.
• Expansion and acquisition of more farm lands by year three.
• Use market penetration strategy to capture about 35% of the market share.
• Increase yield per acre to achieve economies of scale.
• Acquisition of equipment by year five
We are looking for investment to start up the farm and are ready to discuss both debt and equity funding opportunities.