Rice farming business is a worthwhile business to enterprise into. This is as a result of it’s the most consumed staple meals on the earth, particularly in Asia and Africa. Also, rice is the third-highest produce worldwide after sugarcane and maize.
In Nigeria, about 7 million tonnes of rice is consumed in a 12 months. Rice is meals to many individuals in Nigeria and it’s in style in properties, occasions, and public locations. Despite our consumption price, it’s unhappy that just a few percents of the rice we eat is produced in Nigeria.
However, there was an upturn for the reason that closure of land borders for meals safety functions by the Nigerian authorities. Also, the World Bank, Central Bank, and different governmental our bodies are starting to spice up the agricultural trade by offering assist to smallholder rice farmers in various levels.
As a end result, the agribusiness narrative is altering and rice farming is turning into an increasing number of worthwhile for rice farmers.
Do you need to be part of the league of entrepreneurs who’re making a constructive financial impression by embracing rice farming? If your reply is sure, then stick with us as we’re about to indicate you the way to begin a worthwhile rice farming business.
Rice farming like other forms of agricultural business is capital intensive however profitable. It produces one of many highest yields when in comparison with different agricultural merchandise. For instance, a well-cultivated one hectare of land produces 2-Three tonnes of rice.
The farming course of takes about 4 months between planting and harvesting. You want a big expanse of land, gear, packaging supplies, cupboard space, labour, transportation, and so forth. to start out your rice farm.
Although rice farming has its challenges apart from being capital intensive and demanding a big workforce, it’s nonetheless a really profitable business to enterprise into by an aspiring entrepreneur.
To begin your rice farming business, that you must observe the steps under:
Create A Business Plan
Rice farming requires enough planning and conducting feasibility examine. One of the methods to make sure that you take into account each facet of the business is by drafting a business plan.
The business plan will function a information on the steps to take to make the imaginative and prescient achievable. While making ready your business plan, you’ll keep in mind necessary components of the business reminiscent of location, advertising, funding, and so forth. The business plan is a respiration doc that may be up to date at any time because the business grows.
In addition, with a well-written business plan, you possibly can entry loans from monetary establishments or search funding from investors.
Register Your Business
After making a business plan, the following step is to register your business. In rice farming, apart registering with the Corporate Affairs Commission (CAC), you’ll need to register with businesses just like the National Agency for Food and Drug Administration and Control (NAFDAC), the Rice Farmers Association of Nigeria (RIFAN), e.t.c
The Corporate Affairs Commission is answerable for registering companies in Nigeria. There are completely different business buildings to select from and there are different factors that may affect the kind of business construction you select.
You can go on to the CAC web site and register your business or let corporations like ReDahlia deal with your business registration seamlessly for you. ReDahlia is an answer heart for the entrepreneur and is broadly identified for offering business options to business homeowners.
To get your NAFDAC registration, go to the official web site of NAFDAC to start out and full the method.
Rice farming is capital intensive as we talked about and requires large funding by way of human sources and finance. If you don’t have sufficient funds to start out this business, you possibly can method buyers or meet with companions who’ve the identical imaginative and prescient as you do.
Also, as a part of the Nigerian authorities’s effort to spice up the meals provide for her residents, funding is available for agricultural companies. Therefore, you possibly can entry authorities grants or loans at low-interest charges from commercial or microfinance banks.
Furthermore, there are different advantages and helps asides from money accessible for agric centered companies like tech assist. To entry these alternatives, you want a well-written business plan
If your funding is secured or you have got the requisite capital to start out this business, you’re in your strategy to turning into a bonafide rice farmer in Nigeria.
Step By Steps Plan On Rice Farming Business
Step 1 – Choose A Quality Seed
The first important step to rice manufacturing is seed choice. There are completely different forms of rice seeds fitted to varied ecologies reminiscent of lowland, upland, deep water, mangrove swamp, and so forth.
rice seed is immune to illness and yield a lot grain throughout harvest.
Therefore, that you must select a high quality seed appropriate for the surroundings it will likely be grown.
Step 2 – Choose The Right Land
After selecting the seed to plant, the following is to decide on an appropriate land space. Rice requires barely extra water to supply than different grains. Therefore, it’s advisable to decide on lands with water retention capacities, reminiscent of swampy (clay), or loamy soil that incorporates natural matter.
Rice might be grown in several environments so long as there’s water. But, it’s advisable to plant in ecological areas the place rice is historically grown reminiscent of Kebbi, Benue, Ekiti, Jigawa, Ogun, Kaduna, Kano, and different states identified for rice manufacturing in Nigeria.
Step Three – Land Preparation
For rice farming, land preparation must be performed to place the soil in the most effective situation for the most effective yield. It entails plowing and harrowing to until and degree the soil.
You can until with a hoe, tractor, or different equipment. This will enable the seeds to be planted on the proper depth and assist with weed management. Land leveling can be necessary and must be performed as it would assist the seedling turn into extra established and scale back erosion.
The land for rice farming is best ready from November to February when the wet season is over. As the wet season approaches, the land would have been prepared for planting. However, in case your land is within the savannah area, your land preparation can begin in February.
Step four – Choose A Planting Method
After the land has been ready, the following step is to plant the seed. This planting might be performed in two methods; direct seeding and use of nursery and subsequently transplanted.
Direct seeding entails dibbing or broadcasting dry seed or pre-germinated seeds by hand or by machine. In rainfed and deep-water ecosystems, dry seed is manually broadcast unto the soil floor after which integrated both by ploughing or harrowing whereas the solar remains to be dry.
While, in irrigated areas, seeds are usually pre-germinated previous to broadcasting.
With direct seeding, weeds can start to have an effect on the plant on the early stage, however with using herbicides, they are often managed.
When the seedlings are raised within the nursery, they’re transferred from seedbed to the moist area. It requires much less seed and is an efficient methodology to manage weeds. Seedlings might be transplanted by machine or hand and it’s the preferred method throughout Asia.
Step 5 – Water Management
Rice is very delicate to water shortages and the method of water upkeep differs from one ecological space to a different. Therefore, that you must keep the water degree within the area as much as 5cm one week after transplanting till grain matures.
Step 6 – Apply Fertilizer
There are completely different fertilizers that may be utilized at completely different levels of the expansion of the rice. This means that you must apply particular vitamins at completely different occasions.
You want to talk to a pedologist to advise you on the fitting natural fertilizer to make use of, the fitting amount and the fitting time to make use of them to make sure you have the most effective yield.
Step 7 – Control Weed And Pest
Weed, pests, viruses are enemies to rice crops and might scale back the yield or worth of the crop. Climatic components, improper irrigation, overuse of pesticides, climate situation and excessive charges of nitrogen fertilizer utility exposes rice plant to illnesses. So the earlier you start to deal with the plant and battle these components, the most effective for you.
Weeds might be managed by means of hand weeding or herbicides utility. Pests like termites, armyworms, bugs, nematodes, rodents, birds, pathogens, e.t.c might be managed by utilizing chemical controls.
Step eight – Harvest And Thresh
Depending on the seed selection, rice crops might be harvested after about 105 – 150 days of planting, in regards to the time when the crops are already turning yellow/brown. It entails slicing, stacking, dealing with, threshing, cleansing, and hauling. harvesting might be performed manually or mechanically.
Manual harvesting entails slicing the rice crop with sickles and knives, whereas mechanical harvesting entails utilizing reapers to chop down the rice. Thereafter, you start to thresh.
Threshing entails separating the paddy grain from the remainder of the crop on a mat or tarpaulin. It must be performed both instantly or inside a day or two after harvesting.
Also, after harvesting, you possibly can plant leguminous crops like beans, chickpeas, lentils, soya e.t.c within the farm, This will function natural issues and assist to keep up the soil vitamins for an additional planting season.
After threshing, cleansing, and hauling, the following step is to area dry the paddy after which mill.
First, paddy is dried to carry down the moisture content material to not more than 30% for milling. You can manually dry paddy by spreading them on a clear concrete flooring, mat, or tarpaulin, whereas they solar dry for 1-Three days manually. After drying, you then mill.
Milling is a vital step within the post-production of rice. It is finished to take away the husk and the bran layers to supply an edible white rice kernel. mill can obtain a paddy-to-rice conversion price of as much as 72% however smaller, inefficient mills typically wrestle to realize 60%. Also, there must be a minimal variety of damaged kernels within the conversion course of.
If you efficiently observe the above course of, you should have rice grains able to be bought. The subsequent step is to package deal your rice on the market and consumption.
In packaging, guarantee to have your emblem, farm handle, identify, and different identification numbers branded on the packaging sacks. It’s anticipated that throughout the business plan stage, you already know who your goal market is. It’s truly good to have a prepared market; folks able to buy your rice earlier than beginning the planting course of.
To market your rice, you possibly can create an internet site and social media pages the place your farming actions might be showcased and orders booked. Also, you possibly can put money into radio, tv, and billboard advert to create consciousness.
Most importantly, for those who produce high quality rice, freed from weevil and other forms of ants, folks will patronise you willingly and it will scale back your advertising price and enhance your revenue.
Just like each different agricultural business, rice farming is a worthwhile agribusiness to enterprise into. Although it may be time-consuming, capital intensive, and require experience, it’s a good business space to put money into particularly with its native demand and really excessive export potential.
Are you at present dealing in rice farming business, and can wish to share the way you began? OR Are you an aspiring rice farmer in want of steering? We will like to listen to your ideas within the feedback.
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