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Mini-Poultry Feed Production In Nigeria, The Feasibility Report.

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Mini-Poultry Feed Production In Nigeria, The Feasibility Report.

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Poultry feed is food for farm poultry, including chickens, ducks, geese and other domestic birds. Feed for poultry mostly consists of grain.

Product Description

In order to reduce the feed cost which accounts for about 70% of the total cost of poultry production indigenous poultry feed enterprises came into existence. Most small scale poultry enterprises now depend on these indigenous feed rations.

The raw materials are sourced locally. The feed constitutes mainly of maize, sorghum spent grains, groundnut cake, soyabean meal, fish meal and bone meal.

In Nigeria, the feed industry is dominated by few large commercial feed industries usually based in Europe or America who run local franchised industries.

Currently in Nigeria emphasis has been placed on encouraging indigenous feed enterprises that make use of local ingredient in formulating feeds for the poultry industry. Due to the foregoing, the numbers of such enterprises are on the increase.

The task of meeting the increasing demand for poultry feed can best be realized through increased availability of indigenous feed production.

Indigenous Feed Enterprises are seen as an honest approach because of ease of availability of raw materials, and access by poultry farmers. A number of strategies have been adopted such as price policies, input subsidies, production credit and liberalization) by governments and individuals to increase the output of these poultry feed enterprises, yet their performance is low in terms of meeting the needs of the poultry industry. Interestingly, the request for the products of the enterprises is daily on the increase.

Poultry feed is food for farm poultry, including chickens, ducks, geese and other domestic birds. Feed for poultry mostly consists of grain. A portion of commercial feed, typically around a quarter, is known as bulk and is indigestible. The amount of bulk is referred to as bulk density. The quantities of feed, and the nutritional requirements of the feed, depend on the weight and the age of the poultry as well as the season.
Based on their age, weight and breed, below are different categories of feeds

Chicks’ mash- the formulation to meet nutritional requirement of newly hatched chicks and animals up to their brooding and whining period.

Broilers mash-it is the feed meant for the broiler chicks. The feed ensure quick growth and development of the livestock because of its richness in protein, carbohydrate, vitamins and minerals.

Growers’ mash- enables livestock to grow and develop faster in body size, weight, and other internal and external features to give room for their maturity at the expected time.

Layer mash- these feed is needed in helping the birds that are layers to produce more eggs which are big in size, properly shaped with good hard shells.

This report examines the financial viability of establishing a livestock feed processing plant in Nigeria. The installed capacity of the proposed factory is 2.5 tons of poultry feed operating for 8 hours which translates to 100 bags of 25kg livestock feed.

Table of Contents

EXECUTIVE SUMMARY

1.0 Business Overview

1.1 Description of the Business
1.2 Vision and Mission Statement
1.3 Business Objective
1.4 Value Proposition
1.5 Critical Success Factor of the Business
1.6 Current Status of Business
1.7 Description of the Business Industry
1.8 Contribution to Local and National Economy

2. Marketing Plan

2.1 Description of product
2.2 Product Packaging and delivery
2.3 The Opportunity
2.4 Pricing Strategy
2.5 Target Market
2.6 Distribution and Delivery Strategy
2.7 Promotional Strategy
2.8 Competition

3. Production Plan

3.1 Description of the Location
3.2 Raw Materials
3.3 Production Equipment
3.4 Production Process
3.5 Production Cost
3.6 Stock Control Process
3.7 Pre-Operating activities and expenses
3.7.1 Operating Activities and Expenses
3.8 Project Implementation Schedule

4.0 Organizational and Management Plan

4.1 Ownership of the business
4.2 Profile of the promoters
4.3 Key Management Staff
4.3.2 Management Support Units
4.4 Details of salary schedule

5. Financial Plan

5.1 Financial Assumption
5.2 Start up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6. Profit and Loss Account
5.7 Cash Flow Analysis
5.8 Viability Analysis

6.0 Business Risk and mitigation factor

6.1 Business Risks
6.2 SWOT Analysis

Report Details

Report Type: Feasibility Report
Formats of Delivery: MS WORD
No. of Pages: 30 Pages
Report Code: FORA/2016/MINIPOULTRYFEED/377783
Publisher: Foraminifera Market Research
Release Date: 25/06/2016; We update our reports quarterly.
Language: English
Delivery time: 24– 48hours

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