corn farming business plan

Maize Farming Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Agriculture Industry » Crop Cultivation » Maize Farming

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

Corn is very nutritious and it is known to be eaten in various forms by both humans and livestock.  As a matter of fact, corn is used as the main energy ingredient in livestock feed. Corn is also processed into a multitude of food and industrial products including starch, sweeteners, corn oil, beverages, industrial alcohol and fuel ethanol et al.

Maize (corn) farming is known to be a profitable business and over the years, it has evolved from small scale to a global industry in most countries where it is carried out.

A Sample Maize Farming Business Plan Template

1. industry overview.

Businesses in the maize (corn) farming industry primarily grow corn (except sweet corn) and produce corn seeds. Corn commonly refers to the grains or kernels of the tall annual cereal grass Zea mays, and it is a staple cereal in many parts of the world.

In the united states, it is most commonly used as livestock feed and in the production of ethanol, sweeteners, oil and other related products.

If you are a close watcher of the Maize Farming industry, you will realize that the industry is experiencing decline and falling from historic heights. In the united states, new federal regulations created a significant new market for maize, leading maize production to skyrocket in the early part of the last five years.

This increase in production eventually led to an oversupply of the crop, especially as downstream biofuel production has slowed since 2013 due to market saturation. However, global demand for maize has renewed. The industry is expected to bounce back from the lows of the previous five-year period.

Planted acreage will decrease, leading to a slight decrease in production volumes, which will in turn reduce oversupply and create healthy demand for the crop.

The Maize (Corn) Farming Industry is indeed a very large industry and pretty much thriving in all parts of the world especially in developed countries such as United States of America, Canada, United Kingdom, Germany, Brazil, Australia and Italy et al.

Statistics has it that in the United States of America alone, there are about 141,669 licensed and registered maize farms responsible for employing about 155,526 employees and the industry rakes in a whooping sum of $51 billion annually with an annual growth rate projected at -0.8 percent.

A recent report published by IBISWorld shows that typical of the agricultural sector, the Maize (Corn) Farming industry in the United States is overwhelmingly composed of a large number of relatively small operators, many of which are family owned farms.

In fact, 50.1 percent of farms plant corn acreage totaling less than 100 acres. Conversely, only 14.4 percent of corn is produced on farms covering 500 acres or more.

The report also shows that there is a long-term trend toward fewer farms across the agricultural sector, which also applies to corn farmers. Industry concentration is growing largely due to rising costs and intensifying competition; as conditions toughen; smaller farms are forced to sell their land.

As a result, fewer, yet larger farms emerge across the industry. As a matter of fact, with the recent advancement in technology, farmers can now comfortably grow crops such as maize in a country where such crops can hardly survive.

One thing is certain when it comes to commercial maize farming, if you are able to conduct your market research and feasibility studies before choosing a location to cultivate your maize, you are more likely not going to struggle to sell your maize because there are always food processing companies and consumers out there who are ready to buy from you.

Lastly, with commercial maize farming, it will pay you to not only cultivate maize and sell them for consumption in farm markets to retailers and consumers.

You can as well start a complimentary business like building a maize processing plant to process and package your maize (corn). The bottom line is that if you have enough farm land (space) and you are interested in maximizing commercial maize farming, you are sure going to make huge profits from the business.

2. Executive Summary

Kent Bloomberg® Maize Farms, Inc. is a registered commercial farm that will be based in the outskirts of Trenton, New Jersey – 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 maize farming.

Our commercial maize farm is a standard farm hence will be involved in commercial maize cultivation, maize processing and packaging. We will be involved in both organic commercial maize farming and non – organic commercial maize farming.

We have put plans in place that will help us launch a standard and world – class maize processing plant within the first three years of officially running Kent Bloomberg® Maize Farms, Inc. We will process and package maize 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 asides from the fact that we have secured the required farm land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to fit into the ideal picture of the 21 st  century commercial maize farm workforce that we want to build.

We are in the commercial maize 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.

Kent Bloomberg® Maize Farms, Inc. is well positioned to become one of the leading commercial maize farms in the United States of America, which is why we have been able to source for the best hands and farm machinery to run the farm with.

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

Kent Bloomberg® Maize Farms, Inc. is a family business that is owned by Mr. Kent Bloomberg and his immediate family members. The farm cum business will be fully and single handedly financed by Kent Bloomberg and his immediate family members.

Before starting Kent Bloomberg® Maize Farms, Inc., Kent Bloomberg 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 Agricultural Science from the University of New Jersey.

3. Our Products and Services

Kent Bloomberg® Maize Farms, Inc. is a world class commercial farm that is committed to cultivating both organic and non – organic maize (corn) for both the United States’ market and the global market. We are in business to produce both food and raw materials for people and industries in commercial quantities. We will also ensure that we operate a standard maize 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 maize farms. If need arises we will definitely cultivate related crops;

• Cultivation of variety of maize (organic and non – organic)
• Standard Food Processing Plant

4. Our Mission and Vision Statement

• Our vision is to become one of the leading commercial maize farms and maize processing and packing brand not just in the United States of America but also on the global stage.
• Kent Bloomberg® Maize Farms, Inc.  is a world class commercial maize farm that is in business to cultivate organic, non – organic and processed maize for both the United States market and the international market.
• We want our well – packaged maize to flood every nooks and crannies of the United States and other countries of the world.

Our Business Structure

Kent Bloomberg® Maize Farms, Inc. is a commercial maize farm that intends starting small in Trenton – New Jersey, but hopes to grow big in order to compete favorably with leading commercial maize farms in the commercial farming industry both in the United States and on the 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. For this reason, we are committed to only hire the best hands in and around New Jersey.

At Kent Bloomberg® Maize Farms, Inc., we will ensure that we hire people that are qualified, hardworking, dedicated, customer centric and ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

In view of the above, Kent Bloomberg® Maize Farms, Inc. have decided to hire qualified and competent hands to occupy the following positions;

• Chief Operating Officer

General Farm Manager

Administrator/Accountant

Maize Cultivation Manager/Supervisor

• Maize Processing and Packaging Plant 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
• Creating, communicating, and implementing 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 (corn cultivation manager and corn processing and packaging manager)
• Ensure compliance during project executions
• Providing advice on the management of farming activities across all sections
• Responsible for carrying out risk assessment
• Using IT systems and software to keep track of people and progress of the growth of crops (maize)
• Responsible for overseeing the accounting, costing and sale of farm produce after harvest
• Represent the organization’s interest at various stakeholders’ meetings
• Ensures that farming goals 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
• Defining job positions for recruitment and managing interviewing process
• Carrying 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 preparing financial reports, budgets, and financial statements for the organization
• Responsible for financial forecasting and risks analysis
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensuring compliance with taxation legislation
• Handles all financial transactions for the farm
• Serves as internal auditor for the farm
• Responsible for managing the maize cultivation section of the commercial maize farm
• Supervises other workers within the department
• Works closely with the General Manager to achieve the organizations’ goals and objectives

Maize Processing and Packaging Manager/Supervisor

• Responsible for managing the maize processing and packaging section of the commercial farm

Sales and Marketing Officer

• Identify, prioritize, and reach 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
• Writing 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 customer’s needs, and communicate with clients
• Develop, execute and evaluate new plans for expanding increase sales
• Document all customer contact and information
• Represent the company in strategic meetings
• Help increase sales and growth for the farm

Field Workers/Contract Staff

• Responsible for preparing farm lands for maize cultivation
• Responsible for watering the maize crop
• Weeding or fertilizer and/or pest control application
• Handle farm implements and machines as instructed by the section manager/supervisor
• Assist in handling the harvest of maize (corns)
• Carry out tasks in line with the stated job description
• Assist in transporting 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 Kent Bloomberg® Maize Farms, Inc.
• Distribute mails in Kent Bloomberg® Maize Farms, Inc.

6. SWOT Analysis

Kent Bloomberg® Maize Farms, Inc. does 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 maize farm that will favorably compete with leading commercial maize farms in the United States of America and in other parts of the world.

We are quite aware that there are several large, medium and small scale maize farms all over Trenton – New Jersey and even in the same place where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be equipped to confront our threats.

Kent Bloomberg® Maize Farms, Inc. employed the services of an expert HR and Business Analyst with bias in the commercial farming industry to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives.

Here is a summary from the result of the SWOT analysis that was conducted on behalf of Kent Bloomberg® Maize Farms, Inc.;

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

We have some of the latest commercial farming machines, tools and corn processing equipment that will help us cultivate corn 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 Trenton – New Jersey on our payroll.

Our weakness could be that we are a new commercial maize farm in the United States, and perhaps the fact that we decided to diversify our farming activities could count against us initially. We are aware of this and from our projection; we 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 corn 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 maize farmers. Due to their rising popularity, GM seeds account for a significant amount of revenue and the demand for maize is anticipated to keep growing as renewable energy targets rise each year.

Some of the threats and challenges that we are likely going to face when we start our own commercial maize 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 – maize) within same location.

There is hardly anything you can do as regards these 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 maize farming line of business is that most players in the industry are no longer concentrating only on non – organic maize farming. They now find it easier to run both organic maize cultivation and non – organic maize 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.

Despite the fact that commercial maize farming has been in existence since time immemorial, this does not in any way make the industry to be over saturated; commercial maize farmers are exploring new technology to continue to improve the cultivation, preservation and processing process. The fact that there is always a ready market for maize makes the business highly profitable.

Lastly, it is a common trend to find standard commercial maize farmers run a corn processing plant business alongside their farm. It is a means of maximizing profit in the business. Besides, maize is consumed by both human and livestock hence it is ideal to process, package and ship it to other countries of the world.

8. Our Target Market

It is a known fact that the target markets of those who are the end consumers of maize in any form and who benefit from the business value chain of commercial maize farming is all encompassing.

Almost every household consumes maize in different forms. In essence a commercial maize farmer should be able to sell his or her farm produce to as many people as possible including hotels, grocery stores, restaurants, livestock farmers and production companies that make use of corn as raw materials.

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

Our competitive advantage

The truth is that, it is easier to find entrepreneurs 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.

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.

Kent Bloomberg® Maize Farms, Inc. is fully aware that there are competitions when it comes to selling commercial farm produce including corn 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 maize farming processes that can help us sell our produce 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 maize farm that will also include a corn 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 maize farms) in the industry meaning that they will be more than willing to build the business with us, help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Kent Bloomberg® Maize Farms, Inc. is in the commercial 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 farm produce to generate income for the business. Below are the sources we intend exploring to generate income for Kent Bloomberg® Maize Farms, Inc.;

• Cultivation of various species of maize (both organic and non – organic)

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 and the nature of the commercial farm.

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

We have been able to critically examine the agriculture industry cum commercial maize (corn) farm line of business, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.

• First Fiscal Year-: $200,000
• Second Fiscal Year-: $400,000
• Third Fiscal Year-: $750,000

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 the reason why some commercial maize farms hardly make good profit is their inability to sell off their maize as at when due. Corn ripens within a short time after harvest and if they are not sold or processed, they will get so hard that it won’t be good for direct consumption. In view of that, we decided to set up a standard corn processing plant to help us

• Introduce our business by sending introductory letters alongside our brochure to stakeholders in the agriculture industry, grocery stores, maize merchants, hotels, production companies that rely on supply of maize as raw materials and maize processing plants et al.
• Advertise our business in agriculture and food related magazines and websites
• List our commercial maize farm 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. Below are the platforms we will leverage on to boost our commercial maize 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 business
• Install our billboards in strategic locations all around Trenton – New Jersey
• Engage in roadshows from time to time in targeted neighborhoods
• Distribute our fliers and handbills in target areas
• Contact hotels, restaurants, grocery stores, production companies that rely on the supply of corn, agriculture produce merchants and residents in our target areas by calling them up and informing them of Kent Bloomberg® Maize Farms, Inc. and the farm produce we sell
• List our commercial maize farms in local directories/yellow pages
• Advertise our commercial maize 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

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/seed 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 eliminated 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 all our corn is to sell them at competitive prices hence we will do all we can to ensure that the prices of our corn are going to be what other commercial corn 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 a loss. The earlier you sell off your harvested maize, the better for your business.

• Payment Options

The payment policy adopted by Kent Bloomberg® Maize Farms, Inc. 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 Kent Bloomberg® Maize Farms, Inc. will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via online bank transfer
• Payment via check
• Payment via Point of Sale Machines (POS Machines)
• Payment via mobile money transfer
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our clients make payment for farm produce purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

13. Startup Expenditure (Budget)

When it comes to calculating the cost of starting a commercial maize farm with a corn processing plant, there are some key factors that should serve as a guide. Factors such as the capacity of maize processing plant you want to own and the size of the commercial maize 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, visions 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 maize 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 maize 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) 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 maize seedlings et al – $50,000
• The amount required to set up a standard maize 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 maize farm with corn processing plant business in the United States of America. These are some of the equipment that we would need to fully launch our commercial maize 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 maize 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 Kent Bloomberg® Maize Farms, Inc.

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 maize farming business.

Kent Bloomberg® Maize Farms, Inc. is a family business that will be owned and managed by Kent Bloomberg and his immediate family members. They are the sole financiers of the firm, but may likely welcome other partners later which is why they decided to restrict the sourcing of start – up capital for the business to just three major sources.

These are the areas where we intend sourcing for fund for Kent Bloomberg® Maize Farms, Inc.;

• 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 documents have 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 number 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 closes shop.

One of our major goals of starting Kent Bloomberg® Maize Farms, Inc. is to build a business that will survive off its own cash flow without 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 (organic and non – organic corn and even processed and packaged corns) 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.

Kent Bloomberg® Maize Farms, Inc. 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 re – training 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 and 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 in 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 forms of Insurance for the Business: Completed
• Leasing of farm land in Trenton – New Jersey and preparing the farm land: 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 transporters et al): Completed

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Starting Maize Farming Business Plan (PDF)

Maize, also known as corn, is one of the most notable grain or cereal crops in the world.  After all, maize is a core part in the production of important products. Examples of such products are food products, ethanol, and livestock feeds, amongst others. The widespread cultivation of maize is due to those dynamics. Maize is relatively hassle-free to grow, handle, and store. Maize is also known as corn. In some countries, particularly Africa, maize is a staple food. Maize is grown widely in Africa, Americas, and Asia. So there is quite a huge demand for the food crop and its many products which is why it makes business sense to start a maize farming business. In this article we shall be looking at some essential knowledge areas that you must acquaint yourself with before you start the maize farming business, and the maize farming business plan – PDF, Word and Excel.

Maize farming is a lucrative business, providing income for millions of people, but there are some essential decisions that you need to make before you venture into the corn farming business. You have to make a decision on how many hectares you want to farm, which type of maize you will farm, which season you are going to plant your maize, and your target market. These choices will be affected by the amount of capital you have, and the size of your target  market.  If you do not have a lot of capital, you can always start small and grow your maize farming business overtime. You also need to carry out market research (Who are you going to sell the maize/corn to? At what price?) and write a corn farming business plan before you venture into the business. As indicated earlier, maize is also known as corn in other parts of the world.

Business Model

At a basic level, maize is cultivated for subsequent sale as grains or green mealies. These green mealies can be cooked or roasted. Then from post-harvest, the list of monetization approaches widens. The grain can be sold to millers who in turn process it into a wide assortment of food products including maize meal. You could even do the milling yourself and sell the end product. You can solely focus on cultivating maize seed. In countries where maize is the staple food, there is huge market of direct customers. As in, there are countless people looking to purchase maize for various uses.

Maize is an important industrial raw material so you can make money from that. For instance, maize is used in the production of alcohol and biofuels. You can sell to livestock feed producers; maize is a major ingredient of livestock feeds. Maize has global economic value so you can export it. There are significantly more returns from exporting your maize, especially to neighbouring countries. Numerous niching options when it comes to maize farming. That is why there are many business model options to pick from.

Land for Maize Farming Business

Type of soil is an important factor for a good maize harvest. Maize can be grown in a variety of soil types.  However it needs soil which is fertile and well drained. Another important factor is the pH of the soil, as it affects the availability of nutrients. Maize/Corn grow well in soil with pH of between 6-7. If the pH is lower than this, the maize produced will be of poor quality, and it may experience abnormal growth. Thus the pH of soil for maize should be close to neutral or slightly acidic. If the pH is too acidic, lime should be added to increase the pH of the soil to between pH 6-7. Other properties of good soil for maize include: sufficient and balanced quantities of plant nutrients, good internal soil drainage, good moisture, and good effective depth of the soil.  It is important that before you start farming maize/corn on your farm, you check whether the soil is suitable for maize farming. Your  corn farming business plan should take into account the cost of purchasing or renting the land.

Machinery and Equipment for Maize Farming

Land preparation must be properly done to ensure the soil is ready for the maize. The type of machinery and equipment needed for your maize farming business depends on the scale of production. For small scale this can be done using hand-held equipment whereas for medium to large scale heavy machinery such as tractors are needed.  Machinery and equipment which maybe needed include tractors, combine harvesters, fertilizer spreader equipment, irrigation equipment, spray equipment etc. Most farmers usually hire big machinery like tractors when they want to use them, rather than purchasing them outright as they are expensive.

Adequate water supply is also important meaning that irrigation maybe necessary. However maize farming can also be done without irrigation in areas which have a good supply of rainfall.  There may also be need of grid hydroelectricity energy for the irrigation systems, standby diesel generators for use during power outages, or solar powered irrigation systems. Farmers especially in the rural areas who do not have the modern farming equipment use animal drawn equipment in maize farming. The higher the level of mechanization at your corn farm, the higher the efficiency of your operations, and the profitability of your maize farming business. The maize farming business plan should include the costs of acquiring and hiring the various machinery and equipment.

Maize Farming Inputs

You require various farming inputs when doing maize farming. You start maize farming by planting maize seeds. Ensure that you use high quality maize seed from certified maize seed companies. It’s unwise to buy cheap, poor quality maize seeds as that will lead to poor harvest yield and low quality maize produce.

Fertilizers are also essential during maize farming as they support the growth of the maize by providing nutrients. The amount and type of fertilizers needed for maize farming depend on the fertility of the soil and the target yield. The most important nutrients for maize farming are Nitrogen and Phosphorous. Potassium and Zinc are also required.  Organic matter is also needed in maize farming. This can be in the form of compost, decayed leaves, animal manure etc. The functions of organic matter in maize farming include: increasing soil fertility, positively influencing the moisture level & temperature of the soil, increasing the soil friability and increasing the amount of decomposers organisms in the soil. Organic matter also increases the capacity of the soil to retain water and nutrients. It’s a soil conditioner.

Other essential maize farming inputs include herbicides, for effective weed control at your farm. Pesticides and fungicides are required for protecting your maize/corn plants against insects and fungi. Diligent measures must be put in place to fight against pests, diseases and weeds.  The costs of acquiring all these inputs should be included in your corn/maize farming business plan.

Pest And Disease Management

Field pests.

The most common field pests in maize farming are aphids, army worms, cutworms, leaf hoppers, and termites. Getting rid of these pests relies heavily on early detection and interventions. The first defence is proper land preparation and regular weed control. This alone can avoid incidences of pest insect pest infestations. Then as a rule of thumb you must always inspect your maize crop daily. Once you notice any insect pests you use chemical methods such as insecticides.

Animal Pests

These animal pests feed on the maize crop thus destroying the crop. Examples are pigs, rodents, baboons, monkeys, and birds, amongst others. Warding off most these animal pests requires robust physical security e.g. perimeter fences. You can also consider having people who scare off the animal pests. Scarecrows have also proven to be very effective in keeping animal pests away.

Storage Pests

In maize farming you need to know there are 2 main groups of storage pests. These are primary pests, secondary pests. The former attach healthy grain whereas the latter attacks damaged or vulnerable grain. Examples are weevils and larger grain borer. An important consideration in the fight again storage pests in maize farming is the temperature. Maintaining dryness also discourages the breeding of pests. No wonder before storing maize you must ensure it is adequately dried up. The presence of moisture and dirt promote pest development – that is why hygiene is important.

The most common diseases in maize farming are fungal and viral diseases. Notable fungal diseases are gray leaf spot, leaf blight, root rot common rust, head smut, and downy mildew. Fungal diseases are often aggressive. Once they set in, any delay in taking action leads to colossal losses. That is why it is important to avoid them in the first place.

One way to avoid them is deliberately cultivating hybrid maize varieties. Another way is to ensure there is no waterlogging and dirt lying around. If the fungal diseases do emerge, immediately use fungicides to get rid of them. The same applies for viral diseases; they are best prevented. Effective pest control helps prevent viral diseases since pests are usually the culprits in transmission.

Farm Workers

This depends on your scale of maize production and also your level of mechanisation. Significant mechanisation tends to reduce the number of workers you will need. However, it is not usually that hard to find cost-effective human resources on a contractual basis. So you will need to hire part time farm workers as and when necessary. The duties of the maize farm workers include cultivating the land, ploughing, planting, irrigation, applying manure & fertilizer on the land, weed & pest control, harvesting. The maize farming business plan should cater for the costs of paying all your employees.

Capital for Maize Farming Business

This depends on the scale of maize production and level of mechanisation amongst other factors. You can get a loan from the bank, or funding from investors, to use as capital to start your maize farming business. If you plan to raise capital from investors and a loan from the bank, you need a good maize farming business plan. If you don’t have access to investors and bank loan, you can use your personal savings and start small, and grow your business overtime. Maize farming is profitable, so if you reinvest the profits you get, you can quickly grow. Even if you are not planning to get a loan, you should still get a maize farming business plan to guide you in starting and operating the business. It is essential for you to have a maize/corn farming business plan before you venture into the maize farming business, so that you know all the costs involved and you make an informed decision.

Harvesting And Storage Of Maize

Harvesting maize.

You can carry out maize harvesting using manual techniques or mechanical techniques. Manual techniques often entail the use of hands. Mechanical techniques often entail the use of combine harvesters. When the maize is around 20 percent moisture level it is ready to be harvested. That moisture level must drop to around 12 percent before the maize can be stored. That is why the maize grain will have to undergo some drying process prior to storage. Drying can be done naturally using the sun or artificially e.g. using heated air.

Storage Of Maize

You can store your maize in a bulky state or you can pack the grain into sacks or bags. It is important to ensure optimum grain moisture levels are reached first. You must also properly sort the grain to eliminate damaged or diseased grain. For long term storage, the grain will need to be chemically treated to protect from pests and diseases.

The market is huge and actually needs more players to start maize farming businesses. The demand for maize is very high, individuals consume maize and products processed from maize. Maize meal and Maize flour is used in meals all over the world. Maize is not just for human consumption but also for animal consumption. Maize is used in stock feed production for livestock production. The starch from the maize is used for a long list of things such as cosmetic products, adhesives, paints, inks, and medical drugs amongst many others. In some countries there are grain marketing entities. These entities buy maize directly from farmers. These provide the easiest way to get your maize purchased with little to no marketing effort. You can also take advantage of farmers’ markets to market your maize. The internet and social media platforms are also effective in generating leads. You can also approach potential bulk clients such as millers, manufacturers, and distributors. Some continents such as Africa actually import large quantities of maize annually.  However there are vast patches of arable land on the continent.  There are so many talking points on this but the relevant one for this subject is about potential. This means the market is not being adequately served by the local maize farmers. Market-wise it is a foregone conclusion that the market is vast and limitless. The maize business plan ought to include a proper marketing plan to use in your maize farming business.

Keys To Profitability

Choosing the right soil or improving it is pertinent (especially fertility). Comprehensive land preparation is also important in optimizing the soil. Choose the right maize variety, especially hybrid ones that have high yields and disease resistance. See to it that you actively monitor and deal with pests and diseases. Your storage regime of the maize grain must be done properly. Most losses in maize farming are post-harvest so be vigilant. Your choice of planting time must be carefully considered. It must be cognizant of weather implications and market demand dynamics. Adequate water availability is imperative but whilst ensuring there is sufficient drainage.

Pre-Written Maize Farming Business Plan (PDF, Word And Excel): Comprehensive Version, Short Funding/Bank Loan Version and Automated Financial Statements

For an in-depth analysis of the maize farming business, we encourage you to purchase our well-researched and comprehensive maize farming business plan. We introduced the business plans after discovering that many were venturing into the maize production business without enough knowledge and understanding of how to run the maize/corn farming business, how to farm the maize, lack of understanding of the financial side of the business, lack of understanding of : the industry, the risks involved , costs and profitability of the business; which often leads to disastrous losses.

The StartupBiz Global maize/corn farming business plan will make it easier for you to launch and run your maize farming business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as you will be aware of all the costs involved in setting up and running the maize business.

Uses of the Maize Farming Business Plan (PDF, Word And Excel)

The maize business plan can be used for many purposes including:

• Raising capital from investors/friends/relatives
• Applying for a bank loan
• Start-up guide to launch your maize farming business
• As a maize farming business proposal
• Assessing profitability of the maize farming business
• Finding a business partner
• Assessing the initial start-up costs so that you know how much to save
• Manual for current business owners to help in business and strategy formulation

Contents of the Maize Business Plan (PDF, Word And Excel)

The maize farming business plan include, but not limited to:

• Marketing Strategy
• Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortization)
• Risk Analysis
• Industry Analysis
• Market Analysis
• SWOT & PEST Analysis
• Operational Requirements (Including technical aspects of how to farm the maize, inputs requirements etc)
• Operational Strategy
• Why some people in the maize farming business fail, so that you can avoid their mistakes
• Ways to raise capital to start your maize farming business

The Pre-written maize farming business plan package consist of 4 files

• Maize Farming Business Plan – PDF file (Comprehensive Version – 90 Pages)
• Maize Farming Business Plan – Editable Word File (Comprehensive Version – 90 Pages)
• Maize Farming Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 41 pages)
• Maize Farming Business Plan Automated Financial Statements – (Editable Excel File)

The business plan can be used in any country and can be easily edited. The financial statements are automated. This implies that you can change eg the number of hectares, selling price of  the maize etc, and all the other financial statements will automatically adjust to reflect the change.

Click below to download the Contents Page of the Maize Farming Business Plan (PDF)

Testimonial 3

I was extremely lucky to come across StartupBiz Global. Their business plan exceeded my expectations, and most importantly I was able to secure a loan from my bank. Thank you guys, now my dreams are coming true!

Testimonial 7

I found Startupbiz Global online when I was in desperate need of a business plan. I was overwhelmed by the quality of the business plan, it’s comprehensive and well researched! I did not have to wait to get the business plan, I got it instantly after payment. I highly recommend Startupbiz Global, and would happily use them again in the future.

Testimonial 5

I was able to understand the business side of farming because of your business plan. You did extensive research; the business plan was well prepared and fully detailed.  It made everything clear, and I have somewhere to start now. I am confident that I am going to succeed in my business because of the guidance from your business plan.

Testimonial 1

StartupBiz Global provided a very professional and comprehensive business plan which I used for my business. The business plan was easy to edit, and I was able to get the funding which I wanted. I highly recommend their business plans.

Testimonial 2

Many thanks for your incredibly efficient service and thorough business plan. I am very impressed with the business plan. Before I bought the business plan, I tried to do my own business plan – it was such a nightmare and it turned out badly, also not to mention the stress it caused me. I wish I knew about your website earlier!

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Just wanted to say I am very happy with the business plan and I will gladly recommend your products, thank you very much and have a great day.

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I purchased a business plan from you, and I’m glad to inform you that I was able to get my loan, and I’m starting my poultry farming business on the 1 st of July. This was made possible because of your business plan. Thank you very much, you made my dream come true.

Testimonial 4

The business plan which I purchased from your website saved me TIME and MONEY! The layout of the business plan was excellent. The financial statements were detailed and easy for me to edit. I will come back to purchase another business plan soon.

Get the Maize Farming Business Plan (PDF, Word And Excel)

Click Buy Now  below to purchase using Paypal, Credit Card, or Debit Card. After you have purchased, you will immediately see the download link for the business plan package on the screen. You will also immediately get an email with the business plan download link. The Pre-written business plan package (PDF, Word, and Excel) costs $30 only!

If you want to purchase multiple business plans at once then click here: Business Plans Store.

The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on [email protected] and we will assist you.

We wish you the best in your maize farming business! Check out our collection of business plans  , and more business ideas .

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How To Start Commercial Corn Farming Business

Corn or maize is a commercial grain crop globally. Corn farming is a lucrative money-making opportunity for people interested in the farming business. The six major types of corn are dent corn, flint corn, pod corn, popcorn, flour corn, and sweet corn. Find here a detailed corn farming business plan sample checklist for your ready reference.

The scientific name of corn is Zea mays. And it belongs to the Grasses family. In addition, it is popular as the ‘Queen of Cereals’. Major corn-producing countries are the  USA, China, India, Brazil,  Argentina, Ukraine,   Mexico, Indonesia, France, and South Africa.

The United States is the largest maize producer and also has a large surplus, which also makes it the largest maize exporter. Brazil, Ukraine, and Argentina are the other key maize-producing countries behind the USA. The four countries together account for 80-85% of the total exports of maize.

Maize is by far the largest component of the global coarse-grain trade. Most of the maize that is traded is used for feed; smaller amounts are traded for industrial and food uses.

In India, corn or maize is the third most important grain crop after rice and wheat. Some of the major corn-producing states are Karnataka, Andhra Pradesh, Tamil Nadu, Rajasthan, Maharashtra, Bihar, Uttar Pradesh, Madhya Pradesh, and Gujarat.

Is Corn Farming Profitable?

First of all, it is an important staple food for human beings and quality feed for animals. Additionally, corn or maize serves as basic raw material and an ingredient in thousands of industrial products. The list includes starch, oil, protein, alcoholic beverages, food sweeteners, pharmaceutical, cosmetic, film, textile, gum, package, and paper industries, etc.

Basically, maize finds extensive use for livestock feeds viz, cattle Poultry, and piggery both in the form of seeds and fodder. The digestibility of maize fodder is higher than Sorghum, Bajra, and other non-leguminous forage crops.

Global production of corn has grown at a CAGR of 3.4% over the last ten years, from 717 MMT in 2004-05 to 967 MMT in 2013-14. Additionally, the area under maize cultivation in the period has increased at a CAGR of 2.2%.

Health Benefits of Corn or Maize

• First of all, corn is primarily composed of carbs.
• Whole corn is fairly high in fiber.
• Additionally, it is a decent source of protein. Depending on the corn variety, the protein content ranges from 10-15%.
• Whole corn is relatively low in fat.
• Corn may contain a fair amount of several vitamins and minerals. However, the amount is highly variable depending on the corn type.
• Finally, corn contains a number of bioactive plant compounds, some of which may have beneficial health effects.

Things To Consider In Corn Farming

• The primary requirement of commercial corn farming is vacant land. Therefore, you must have a sufficient area of land for maize cultivation.
• Corn demands adequate irrigation. Therefore, if you are planning to grow corn under rainfed conditions, be prepared for a drought situation also.
• Additionally, you must have adequate arrangements for plant protection. You must protect your field from pests and diseases.
• Choose the variety according to the end use of the produce and agroclimatic condition.
• Finally, it is advisable to prepare a commercial corn farming business plan before planting. Basically, a business plan helps to identify input costs and additional resources.

Best Varieties For Corn Farming

You can find a wide range of varieties globally. Basically, it highly depends on the specific region and the reason for growth. Here we have compiled a list of popular corn varieties.

• Butter and Sugar. 73 days. Bicolor white and yellow kernels, good flavor; 7 to 8-inch ears. Resists bacterial wilt and southern corn leaf blight.
• Golden Cross Bantam. 85 days. Large yellow kernels. Uniform ears are 7½ to 8 inches long with 10 to 14 rows per ear. Sturdy stalk to 6 feet; very prolific. Resists bacterial wilt.
• Jubilee. 83 days. Sweet, tender, yellow kernels for fresh eating or processing. Large ears, 8 to 9 inches long with 16 rows. Strong sturdy stalks from 7 to 7½ feet. Resists smog and smut.
• Silver Queen. 88 days. Very sweet, tender, snow-white kernels; ears 8 to 9 inches long with 14 to 16 rows. Holds for several days without losing quality. The stalk grows 7½ to 8 feet tall. Widely adapted. Resists bacterial wilt and Stewart’s wilt.
• Breeder’s Choice. 73 days. Extra sweet, tender, creamy, light yellow kernels. Stays sweet for 10 to 14 days after reaching maturity. Most stalks bear two ears, 16 to 18 full rows. Plant to 7 feet.
• Concord (Also called Moore’s Early Concord). Tender, sweet, bicolor kernels. Ears 6 to 8 inches long with 12 to 16 rows. Stalks to 5 feet. Early harvest.

Some of the popular Indian varieties are Himalayan 123, Sona, Kisan, Ganga-1, Ganga-101, Ranjit, Ganga-5, Ganga-Safed-2, etc. Additionally, some of the high-yielding varieties are Vijay, Kisan, NLD White, and Naveen.

Agroclimatic Condition for Corn Farming

Maize does well in a wide range of climatic conditions. Generally, you can grow it in tropical as well as temperate regions, from sea levels up to altitudes of 2500m. It is however susceptible to frost at all stages of its growth.

Maize needs 450 to 600 mm of water per season, which is mainly acquired from the soil moisture reserves. Generally, corn grows well under temperatures varying from 22 to 30°C.

Suitable Soil for Corn Farming

You can grow corn successfully in a variety of soils ranging from loamy sand to clay loam. However, soils with good organic matter content having high water holding capacity with neutral pH are good for higher productivity.

Read:   How To Take Soil Samples For Analysis?

Being a sensitive crop to moisture stress particularly excess soil moisture and salinity stresses; it is desirable to avoid low-lying fields having poor drainage and also the field having higher salinity. Therefore, you must select the fields having provision for proper drainage for the cultivation of maize.

Commercial Corn Farming Cultivation Steps

1. seed & sowing.

You must select seeds that are insect, pest, and disease-free. In addition, you must procure seeds that are free from weed seeds. Purchase the seeds from reliable sources. Seeds must ensure high germination percentage.

To protect the maize crop from seed and major soil-borne diseases and insect pests, seed treatment with fungicides and insecticides before sowing is advisable. Additionally, you must sow the seed with dibbling or drilling methods. It is depending on the purpose of sowing, type of maize, varieties, and farm condition.

To achieve higher productivity and resource-use efficiencies optimum plant stand is the key factor. The seed rate varies depending on the purpose, seed size, plant type, season, sowing methods, etc.

2. Manuring

The rate of nutrient application depends mainly on soil nutrient status/balance and cropping system. For obtaining desirable yields, the doses of applied nutrients should be matched with the soil supplying capacity and plant demand by keeping in view the preceding crop (cropping system). Therefore, you must go for a site-specific nutrient management approach.

3. Irrigation

The irrigation water management depends on the season. Because about 80 % of maize is cultivated during the monsoon season, particularly under rainfed conditions. However, in areas with assured irrigation facilities available, depending upon the rains and moisture-holding capacity of the soil, you must apply irrigation as and when required by the crop. Additionally, you must apply the first irrigation very carefully wherein water should not overflow on the ridges/beds.

4. Weed Control

Weeds are a serious problem in maize. Basically, weeds compete with maize for nutrients and cause yield loss of up to 35 %. Therefore, you must go for timely weed management for achieving a higher yield. Atrazine is a selective and broad-spectrum herbicide in maize that checks the emergence of a wide spectrum of weeds.

5. Corn Plant Protection

Leaf blight is the potential disease of corn. And you must be careful about that. Additionally, some of the potential harmful pests are stem borers, red hairy caterpillars, Aphids, grasshoppers, and termites. Arrange the specific plant protection resources for your corn farm.

6. Harvesting of Corn Produce

You can harvest the corn crop sown for grain when the grains are nearly dry and do not contain more than 20% moisture. Maize grown for fodder should be harvested at the milk to early dough stage; the earlier harvested crop is likely to yield less and has a lower protein content. For silage, however, the late dough is preferred. Both power and hand-operated low-priced maize shellers are available indigenously. These shellers are considerably more efficient than hand shelling or beating with sticks.

About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.

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12: Business Plans

What is a business plan.

A business plan is a document that helps you to organize and succinctly summarize the vision you have for your business. The plan contains the operational and financial objectives of a business, the detailed plans and budgets showing how the objectives are to be realized.

A good business plan will contain the following:

• Your business vision, mission statement, key values, and goals
• Description of the product(s) you intend to produce
• Strengths, Weaknesses, Opportunities and Threats the business may experience are described
• Production plans
• Marketing plans
• Estimated start-up costs
• Information on your legal structure and management team
• Current financial statements or projected financial statements.
• Resume or brief explanation of your background and relevant experience
• Less than 10 total pages so that people actually read it

Helpful Publications for Writing a Business Plan

General Business Resource Publications:

• Starting an Ag-Business? A Pre-Planning Guide http://publications.dyson.cornell.edu/outreach/extensionpdf/2004/Cornell_AEM_eb0408.pdf
• Business Transfer Guide: Junior Generation http://publications.dyson.cornell.edu/outreach/extensionpdf/2016/Cornell-Dyson-eb1605.pdf
• Producing a Business Plan for Value-Added Agriculture http://publications.dyson.cornell.edu/outreach/extensionpdf/2007/Cornell_AEM_eb0708.pdf
• Business Planning for the Agriculture Sector: A Guide to Business Plan Development for Start-up to Mid-size Operations http://publications.dyson.cornell.edu/outreach/extensionpdf/2010/Cornell_ pdf
• Building a Sustainable Business (Sustainable Agricultural Research Education (SARE)Publications) sare.org/publications/business.htm 280 pages of education and practical exercises to guide you through the financial, management, and interpersonal skills needed to start a successful farm business. Order hard copy for $17 or download PDF online for free.

Cornell Cooperative Extension Publications for Specific Commodities:

• Landscape Business Planning Guide http://publications.dyson.cornell.edu/outreach/extensionpdf/2003/Cornell_AEM_eb0313.pdf
• Writing a Business Plan: A Guide for Small Premium Wineries http://publications.dyson.cornell.edu/outreach/extensionpdf/2002/Cornell_AEM_eb0206.pdf
• Writing a Business Plan: An Example for a Small Premium Winery https://ageconsearch.umn.edu/bitstream/122203/2/Cornell_AEM_eb0207.pdf

Getting Help Writing a Business Plan

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How to Start a Farm: Plan Your Operation

Think about your operation from the ground up and start planning for your business.  A good farm business plan is your roadmap to start-up, profitability, and growth, and provides the foundation for your conversation with USDA about how our programs can complement your operation. 

Keep reading about planning your business below, get an overview of the beginning farmer's journey , or jump to a different section of the farmer's journey.

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Why you need a farm business plan.

A comprehensive business plan is an important first step for any size business, no matter how simple or complex. You should create a strong business plan because it:

• Will help you get organized . It will help you to remember all of the details and make sure you are taking all of the necessary steps.
• Will act as your guide . It will help you to think carefully about why you want to farm or ranch and what you want to achieve in the future. Over time, you can look back at your business plan and determine whether you are achieving your goals.
• Is required to get a loan . In order to get an FSA loan, a guarantee on a loan made by a commercial lender, or a land contract, you need to create a detailed business plan . Lenders look closely at business plans to determine if you can afford to repay the loan.

How USDA Can Help

Whether you need a good get-started guide, have a plan that you would like to verify, or have a plan you’re looking to update for your next growth phase, USDA can help connect you to resources to help your decisions.

Your state's beginning farmer and rancher coordinator  can connect you to local resources in your community to help you establish a successful business plan. Reach out to your state's coordinator for one-on-one technical assistance and guidance. They can also connect you with organizations that specifically serve beginning farmers and ranchers.

It is important to know that no single solution fits everyone, and you should research, seek guidance, and make the best decision for your operation according to your own individual priorities.

Build a Farm Business Plan

There are many different styles of business plans. Some are written documents; others may be a set of worksheets that you complete. No matter what format you choose, several key aspects of your operation are important to consider.

Use the guidelines below to draft your business plan. Answering these kinds of questions in detail will help you create and develop your final business plan. Once you have a business plan for your operation, prepare for your visit to a USDA service center. During your visit, we can help you with the necessary steps to register your business and get access to key USDA programs.

Business History

Are you starting a new farm or ranch, or are you already in business? If you are already in business:

• What products do you produce?
• What is the size of your operation?
• What agricultural production and financial management training or experience do you, your family members, or your business partners have?
• How long have you been in business?

Mission, Vision, and Goals

This is your business. Defining your mission, vision and goals is crucial to the success of your business. These questions will help provide a basis for developing other aspects of your business plan.

• What values are important to you and the operation as a whole?
• What short- and long-term goals do you have for your operation?
• How do you plan to start, expand, or change your operation?
• What plans do you have to make your operation efficient or more profitable ?
• What type of farm or ranch model (conventional, sustainable, organic, or alternative agricultural practices) do you plan to use?

Organization and Management

Starting your own business is no small feat. You will need to determine how your business will be structured and organized, and who will manage (or help manage) your business. You will need to be able to convey this to others who are involved as well.

• What is the legal structure of your business? Will it be a sole proprietorship, partnership, corporation, trust, limited liability company, or other type of entity?
• What help will you need in operating and managing your farm or ranch?
• What other resources, such as a mentor or community-based organization , do you plan to use?

Marketing is a valuable tool for businesses. It can help your businesses increase brand awareness, engagement and sales. It is important to narrow down your target audience and think about what you are providing that others cannot.

• What are you going to produce ?
• Who is your target consumer ?
• Is there demand for what you are planning to produce?
• What is the cost of production?
• How much will you sell it for and when do you expect to see profit ?
• How will you get your product to consumers ? What are the transportation costs and requirements?
• How will you market your products?
• Do you know the relevant federal, state, and local food safety regulations? What licensing do you need for your operation?

Today there are many types of land, tools, and resources to choose from. You will need to think about what you currently have and what you will need to obtain to achieve your goals.

• What resources do you have or will you need for your business?
• Do you already have access to farmland ? If not, do you plan to lease, rent, or purchase land?
• What equipment do you need?
• Is the equipment and real estate that you own or rent adequate to conduct your operation? If not, how do you plan to address those needs?
• Will you be implementing any conservation practices to sustain your operation?
• What types of workers will you need to operate the farm?
• What additional resources do you need?

Now that you have an idea of what you are going to provide and what you will need to run your operation you will need to consider the finances of your operation.

• How will you finance the business?
• What are your current assets (property or investments you own) and liabilities (debts, loans, or payments you owe)?
• Will the income you generate be sufficient to pay your operating expenses, living expenses, and loan payments?
• What other sources of income are available to supplement your business income?
• What business expenses will you incur?
• What family living expenses do you pay?
• What are some potential risks or challenges you foresee for your operation? How will you manage those risks?
• How will you measure the success of your business?

Farm Business Plan Worksheets

The Farm Business Plan Balance Sheet can help gather information for the financial and operational aspects of your plan.

Form FSA-2037 is a template that gathers information on your assets and liabilities like farm equipment, vehicles and existing loans.

• FSA-2037 - Farm Business Plan - Balance Sheet
• FSA-2037 Instructions

Planning for Conservation and Risk Management

Another key tool is a conservation plan, which determines how you want to improve the health of your land. A conservation plan can help you lay out your plan to address resource needs, costs and schedules.

USDA’s Natural Resources Conservation Service (NRCS) staff are available at your local USDA Service Center to help you develop a conservation plan for your land based on your goals. NRCS staff can also help you explore conservation programs and initiatives, such as the Environmental Quality Incentives Program (EQIP) .

Conservation in Agriculture

Crop insurance, whole farm revenue protection and other resources can help you prepare for unforeseen challenges like natural disasters.

Disaster Recovery

Special Considerations

Special considerations for businesses.

There are different types of farm businesses each with their own unique considerations. Determine what applies to your operation.

• Organic Farming  has unique considerations. Learn about organic agriculture , organic certification , and the  Organic Certification Cost Share Program  to see if an organic business is an option for you. NRCS also has resources for organic producers and offers assistance to develop a conservation plan.
• Urban Farming  has special opportunities and restrictions. Learn how USDA can help farmers in urban spaces .
• Value-Added Products . The Agricultural Marketing Resource Center (AgMRC) is a national virtual resource center for value-added agricultural groups.
• Cooperative.  If you are interested in starting a cooperative, USDA’s Rural Development Agency (RD) has helpful resources to help you begin . State-based  Cooperative Development Centers , partially funded by RD, provide technical assistance and education on starting a cooperative.

Special Considerations for Individuals

Historically Underserved Farmers and Ranchers: We offer help for the unique concerns of producers who meet the USDA definition of "historically underserved,"  which includes farmers who are:

• socially disadvantaged
• limited resource
• military veterans

Women: Learn about specific incentives, priorities, and set asides for  women in agriculture within USDA programs.

Heirs' Property Landowners: If you inherited land without a clear title or documented legal ownership, learn how USDA can help Heirs’ Property Landowners gain access to a variety of programs and services

Business Planning

Creating a good business plan takes time and effort. The following are some key resources for planning your business.

• Farm Answers from the University of Minnesota features a library of how-to resources and guidance, a directory of beginning farmer training programs, and other sources of information in agriculture. The library includes business planning guides such as a Guide to Developing a Business Plan for Farms and Rural Businesses and an Example Business Plan .
• The Small Business Administration (SBA) offers information about starting, managing, and transitioning a business.

SCORE is a nonprofit organization with a network of volunteers who have experience in running and managing businesses. The Score Mentorship Program partners with USDA to provide:

• Free, local support and resources, including business planning help, financial guidance, growth strategies.
• Mentorship through one-on-one business coaching -- in-person, online, and by phone.
• Training from subject matter experts with agribusiness experience.
• Online resources and step-by-step outlines for business strategies.
• Learn more about the program through the Score FAQ .

Training Opportunities

Attend field days, workshops, courses, or formal education programs to build necessary skills to ensure you can successfully produce your selected farm products and/or services. Many local and regional agricultural organizations, including USDA and Cooperative Extension, offer training to beginning farmers.

• Cooperative Extension  offices address common issues faced by agricultural producers, and conduct workshops and educational events for the agricultural community.
• extension.org  is an online community for the Cooperative Extension program where you can find publications and ask experts for advice.

Now that you have a basic plan for your farm operation, prepare for your visit to a USDA service center.

2. Visit Your USDA Service Center

How to Start a Farm with USDA

Get an  overview of the beginning farmer's journey  or jump to a specific page below.

Find Your Local Service Center

USDA Service Centers are locations where you can connect with Farm Service Agency, Natural Resources Conservation Service, or Rural Development employees for your business needs. Enter your state and county below to find your local service center and agency offices. If this locator does not work in your browser, please visit offices.usda.gov.

Learn more about our Urban Service Centers . Visit the Risk Management Agency website to find a regional or compliance office  or to find an insurance agent near you.

Free Agriculture Sample Business Plan PDF + How to Write

Elon Glucklich

6 min. read

Updated February 7, 2024

Free Download:  Agriculture Business Plan Template

As a farmer, you’re in the business of putting food on the table. Agriculture is one of the world’s oldest professions.

Today it accounts for over 5% of U.S. Gross Domestic Product, and 1 in 10 American workers are in agriculture, food, and related industries.

But starting a new agriculture business requires intensive planning and upfront preparation. If you’re looking for a free, downloadable agriculture sample business plan PDF to help you create a business plan of your own, look no further.

Keep in mind that you don’t need to find a sample business plan that exactly matches your farm. Whether you’re launching a larger agricultural business outside a bustling city or a smaller organic operation, the details will be different, but the foundation of the plan will be the same. 

Are you writing a business plan for your farm because you’re seeking a loan? Is your primary concern outlining a clear path for sales growth? Either way, you’re going to want to edit and customize it so it fits your particular farm. 

No two agriculture farming businesses are alike.

For example, your strategy will be very different if you’re a dairy operation instead of a soybean farm. So take the time to create your own financial forecasts and do enough market research for your specific type of agriculture so you have a solid plan for success. 

• What should you include in an agriculture farm business plan?

Your agriculture business plan doesn’t need to be hundreds of pages—keep it as short and focused as you can. You’ll probably want to include each of these sections: 

1. Executive summary

An overview of your agriculture business, with a brief description of your products or services, your legal structure, and a snapshot of your future plans. While it’s the first part of the plan, it’s often easier to write your executive summary last.

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2. Business summary and funding needs

Details about your farming operation, including how much capital you will need and the types of funding you’re considering. Include your business history, your current state, and your future projections. It should also cover your business location, the equipment and facilities needed, and the kinds of crops or livestock you plan to raise.

3. Products and services

Provide details on the types of crops, farming methods, and any value-added products you plan to offer, such as finished goods or even  agritourism offerings .

4. Marketing plan

Compile your market research findings, including the demand for your products or services, your target customers , and your competitors. It should also outline your marketing strategy—how you plan to attract and retain customers. 

5. Financial plan

Your revenue projections, cost estimates, and break-even analysis. Your financial plan and forecasts should demonstrate that your business has a path to profitability.

• Building on your farm business plan sample

With a free agriculture business plan template as your starting point, you can start chipping away at the unique elements of your business plan.

As the business owner, only you can speak to aspects of your agriculture operation like your mission and core values.

You’re putting in the long hours to start a thriving farm business, so aspects of your mission – like a commitment to sustainable farming practices – will be best explained in your own words. Authenticity will help you connect with a growing market of consumers who value transparency and environmental stewardship in their food sources.

As for more conventional aspects of business planning , you will want to take on things like your marketing and financial plans one at a time. Here are a few specific areas to focus on when writing your business plan.

Invest time in market research

Starting an agriculture operation requires significant startup costs. When you throw in the unique land use considerations involved, it’s crucial to conduct thorough market research before investing hundreds of thousands – or even millions – of dollars into a farm business.

Start by researching the types of farms operating in your locality and wider region, and the specific crops or livestock they specialize in. You will need to understand seasonal trends, including crop yields and livestock productivity.

Note the demographics of the local community to understand their buying habits and preference for local produce. Also, be aware of the competitive landscape and how your farm can differentiate itself from others. All of this information will inform your service, pricing, marketing, and partnership strategy.

From there, you can outline how you plan to reach your target market and promote your farm’s offerings.

Craft your agriculture go-to-market strategy

One of the things that makes an agriculture farm business plan different from some service-based business plans is that you might decide to work only with one or two businesses that purchase your goods.  

You may offer different tiers of products to different types of buyers, such as produce for an organic farmers market, and corn for another farm’s animal feed. If that’s the case, make sure you include ideas like setting aside land for organic growth and maintenance.

Discuss your advertising and promotional strategies, emphasizing channels relevant to your target market. Also, consider how partnerships with local businesses, farmers’ markets, and other industry stakeholders can enhance your visibility.

Include your pricing strategy and any special promotions or loyalty programs. Also, consider public relations and media outreach efforts that can raise awareness about your farm and its sustainable practices.

Prepare for unique farming challenges

Running an agricultural business comes with its own set of challenges, including weather-related disruptions and market volatility. Your business plan should identify these potential risks and present contingency plans to address them.

Include a plan to mitigate weather-related risks, such as crop diversification, employing weather-resistant farming practices, investing in appropriate infrastructure like greenhouses or drainage systems, or taking out insurance to cover weather-related losses.

Detail the operational aspects of your business , including land ownership, employee status, farm maintenance, and safety requirements. Also, illustrate your strategies for managing crop production, livestock care, land stewardship, and regulatory compliance.

Plan for the future

Contingency planning is important in all businesses.

But the unique challenges in agriculture of changing market dynamics, regulatory changes, and climate impacts make it especially necessary to plan for the future. Detail how you’ll measure success, and how you will be prepared to adapt your offerings if you need to change the focus of the business due to factors outside your control.

Also, be ready to discuss opportunities for scaling your business over time, such as introducing new crops, expanding farm operations, or opening additional locations.

• Get started with your farm business plan sample

There are obviously plenty of reasons farm owners can benefit from writing a business plan — for example, you’ll need one if you’re seeking a loan or investment. Even if you’re not seeking funding, the process of thinking through every aspect of your business will help you make sure you’re not overlooking anything critical as you grow.

Download this  agriculture farm sample business plan PDF  for free right now, or visit  Bplans’ gallery of more than 550 sample business plans  if you’re looking for more options.

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Elon is a marketing specialist at Palo Alto Software, working with consultants, accountants, business instructors and others who use LivePlan at scale. He has a bachelor's degree in journalism and an MBA from the University of Oregon.

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Maize Farming: Profitable Corn Farming Business

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Maize farming is very popular among the farmers in many parts of the world. Maize has become a staple food in many parts of the world with total production of maize surpassing that of wheat or rice.

And maize is called queen of cereals, because it has highest genetic yield potential among the cereals.

Maize ( Zea mays ), also known as corn, is actually a cereal grain which is used for many different purposes.

It was first domesticated by the indigenous people in southern Mexico about 10,000 years ago, and today it is very popular throughout the world.

The leafy stalk of the plant produces pollen inflorescences and seperate ovuliferous inflorescences called ears that yield kernels or seeds, which are fruits.

The plants are often 3 meters in height (but some natural strains can grow up to 13 meters).

The stem is generally composed of 20 internodes of around 18 cm length. A leaf which grows from each node, is generally 9 cm in width and about 1.2 m in length.

Maize is in 3rd position in term of total staple food production. But a very little amount of total maize production is consumed directly by humans.

Most of the maize is used for corn ethanol, animal feed and for producing other maize products, such as corn syrup and corn starch.

Table of Contents

Maize is the domesticated variant of teosinte. Several theories had been proposed about the specific origin of maize in Mesoamerica.

Probably, it was first domesticated by indigenous peoples in southern Mexico about 10,000 years ago.

Other Names

Maize is known by many other names in many different parts of the world. It’s other names include corn, Indian corn, sweet corn, mealie etc.

Maize is also known by some other local names in many different languages. It is known as Mielie in Afrikaans, Makki or Makai in Hindi, Bhutta in Bengali, Makoi in Assamese, Makai in Gujarati, Musukina Jola in Kannada, Cholam in Malayalam, Maka in Marathi, Makaa in Oriya, Iringu in Sinhala, Jola in Tulu and Mokka Jonna in Telugu.

Uses of Maize

Maize is used for many different purposes. It is mainly used as fodder for animals, food grain, pop corn, baby corn, sweet corn and green cobs. Corn flour is also widely used.

Maize also serves as a basic raw material to thousands of industrial products that may include oil, starch, alcoholic beverages, food sweeteners, pharmaceutical, gum, textile, package, food cereals, cosmetic and paper industries.

How to Start Maize Farming

Starting maize farming business is not too tough. The plants are relatively easy to grow and you will able to grow if you are a beginner. Through maize farming, you can easily shield the deteriorating grade of soil.

Maize farming can help preserving 90% of water and about 70 of potency as compared with paddy. And maize farming can actually make more profit than paddy or wheat farming.

However, here we are describing more information about maize farming from selecting land, planting, caring to harvesting.

Select a Location

First of all, select a good location for maize farming. Maize plants grow well in fertile soil with pH ranging from 5.5 to 7.5.

They can be grown on wide range of soil types including loamy, sandy loamy or clay loam soil (heavy clay soil is not good for maize farming).

But the soil needs to be rich in organic content and have to have good water containing capacity.

The plants also require full sun for better yield. So, consider all these factors while selecting land for starting maize farming.

Prepare the Soil

For preparing the soil, first of all remove all the weeds and remains of previously grown crop from the field.

Then plough the land to bring the soil to fine tilth. 6-7 ploughing and harrowing will be required for making the soil fully prepared for maize farming.

As the maize plants grow very well in organic content rich soil, so try to add as much organic contents (fully-rotted aged manure or compost) as you can. 4-6 tons of fully decomposed aged manure will be enough for 1 acre land.

For commercial maize farming, you also have to apply some chemical fertilizers into the soil. Applying 20-24 kg phosphorus, 60-70 kg nitrogen and 10-12 kg potash per acre will be required for optimal production.

Soil test is necessary to know deficiency of any nutrient in the soil, and exact amount of chemical fertilizers can vary from place to place. So test the soil before applying chemical fertilizers.

Climate Requirements for Maize Farming

The maize plants are grown throughout the world, and the plants can grow in a wide variety of climatic conditions.

It is actually a warm weather crop and doesn’t grow well in the areas where the minimum daily temperature is less than 19 °C.

The seeds can germinate as low as 10 °C, but the germination process will be faster and less variable at soil temperature of 16 °C to 18 °C. And maximum temperature for maize farming is 30 °C to 35 °C.

Best Time for Maize Farming

Maize is a warm season crop, and is cold-intolerant. The seeds must be shown in the spring in the temperate zones.

Actually, it can be grown throughout the year, but grow best between 21 °C and 27 °C temperature.

Select a Type

There are some different types of maize to choose from. The 6 major types of maize are sweet corn , flour corn, popcorn, pod corn, flint corn and dent corn. You should choose such a type which is widely grown and available in your area.

Purchase Seeds

After selecting your desired type of maize, purchase seeds from any of your nearest market or seed supply stores.

Maize is very common and popular throughout the world, so you will easily be able to purchase seeds from your local market.

Seeds per Acre

Total amount of seeds per acre depends on many different factors. Exact amount of seeds required per acre can vary depending on production purpose, seed size, season, plant type and sowing method.

On average you will need about 8-10 kg/acre for spring crop, about 8 kg/acre for sweet corn, about 7 kg/acre for pop corn, about 16 kg/acre for baby corn and about 20 kg/acre for fodder production.

The maize seeds are planted in rows. But space between rows and between plants can vary depending on the maize type.

Spacing the rows to about 2 feet apart and the plants to about 8 inches apart will be good for winter crop and both sweet and baby corn production.

Spacing 20×6 inches will be good for pop corn production and 12×4 inches will be good for fodder production.

You can sow the seeds manually by dibbling or by mechanically with help of tractor drawn ridger seed drill. And sow the seed to about 1 inch deep.

Before sowing, treat the seeds with fungicides for preventing seed and soil borne diseases.

Treating the seeds with Thiram or Carbendazim at the rate of 2 grams per kg seed will be good.

Taking additional care is must for successful maize farming business and for maximum yield.

The plants will grow better and produce more if you take additional care of the plants. Here we are describing more about the steps for caring the maize plants.

Fertilizing

Additional fertilizers may be required for maize farming. Test the soil and take advice from an experienced agriculture specialist before applying additional fertilizers.

The maize plants generally require less water as compared to other crops. Although timely and adequate watering will help the plants to grow well. Apply a light watering immediately after sowing the seeds. Then water lightly after a week for a month (during the early stage of this crop). And additional watering should be applied after every 25-30 days. Avoid water stagnation and the land must have to have good drainage system for successful maize farming business.

Controlling Weeds

Controlling weeds is very important for successful maize farming business. Initially you should remove all the weeds from the field while ploughing and harrowing. And then at least 2 additional hand weeding is required. The first weeding should be done on 20-25 days and another is on 40-45 days after sowing. Mulching can help to control most of the weeds from the field.

Pests and Diseases

Like many other commercial crops, the maize is also susceptible to some pests and diseases.

Corn worm, stalk borer or stem borer, shoot bug, pink borer, termites and shoot fly are some common pests for the maize plants.

Downy mildew, leaf spot, post flowering stalk rot and maydis leaf blight are some common diseases for the maize plants.

Contact your nearest agriculture extension office or consult with an specialist for having recommendation for controlling all these pests and diseases.

You can start harvesting when cobs outer cover turns from green to white.

Actually when the stalks have dried and moisture of the grain as about 20-17%, is the optimum time for harvesting maize.

You can harvest the maize manually by hand, and there are machines available for separating the seeds.

Yield can vary depending on many different factors. But on average, you can expect about or up to 2500 kg per hectare.

Maize Nutrition

All the types of maize are nutritious and good for human health. Raw, yellow sweet maize karnels are composed of 1% fat, 3% protein, 19% carbohydrates and 76% water, And a serving of 100 gram maize karnels provide about 86 calories and are a very good source of vitamin B, thiamin, niacin, folate and pantothenic acid. They also provide moderate amounts of dietary fiber and some essential minerals such as phosphorus and magnesium.

Health Benefits of Consuming Maize/Corn

Consuming maize or corn has some health benefits. Most notable health benefits of consuming maize are mentioned below.

• Due to the fiber content, consuming maize is good for digestion.
• Maize can help in lowering LDL cholesterol.
• Regular consumption of corn can helps in preventing skin problems and can also help to combat with hair loss.
• Consuming corn is beneficial for heart, and it may helps in preventing Alzheimer’s disease.
• Eating maize is good for preventing diabetes and hypertension.
• It can help in improving vision and it also has anti-cancer properties.

However, consuming maize is beneficial for health. And maize farming is very easy both in small scale and large scale. You can start, even if you are a beginner. And commercial maize farming is definitely a profitable business. Good luck!

Frequently Asked Questions

People ask many questions about maize farming. Here we are trying to list the most common questions about corn farming, and trying to answer them. Hope you will find your answer. Don’t hesitate to ask us if you have more questions.

Is maize farming profitable?

Yes, commercial maize farming is a very profitable business. You can start this business for making good profits.

How to start maize farming business?

First of all select a good site for corn/maize farming, prepare the land perfectly, choose the right variety, purchase seends, plant in the field and care for the plants.

How long does maize take to grow?

Depends on the breed. But generally most of the corn varieties become ready for harvesting within 100 days from planting.

How many times is maize planted in a year?

You can take 2-3 crops in a year from the same field.

Is maize a profitable crop?

Yes, commercial maize farming is a profitable business. Demand of maize is very high in the market and the price is also good. So, you can start this business for making profits.

In which month maize is planted?

Depends on your location. For example, if you are from India then Kharif maize is sown in June to July till August and harvested in December.

Does maize need a lot of water?

Yes, maize plants grow very fast and require lots of water.

Which soil is best for maize?

Fertile, well-drained and sandy loam soil is considered as best for maize farming.

What is the correct spacing for maize?

The recommended spacing is 75cm between rows and 25cm for plants.

How do I become a successful maize farmer?

For becoming a successful maize farmer you have to choose a disease resistant and high yielding maize variety. And you also have to take good care of the plants for having good yield.

Which weather is good for maize?

Dry weather is considered best for maize farming business.

Should I water corn every day?

No, you don’t have to water your plants everyday. Watering them once per week will be enough.

How do you increase maize yield?

Apply both organic and chemical fertilizers for increasing maize yield.

What is the best time to fertilize maize?

Fertilize your field when the soil is moist.

What fertilizer does maize need?

Maize plants require a balance of NPK fertilizers. But potassium is the nutrient required in the greatest amount by maize.

How many seeds of maize should be planted per hole?

You should plant 2-3 seeds per hole.

How many maize seeds can you plant per acre?

You will need about 10 kg seeds for planting one acre land.

Can maize be planted all year round?

Yes, maize is now cultivated throughout the year.

How long is the life cycle of maize?

Average lifespan of the maize plants is between 120 and 150 days.

Does maize need full sun?

Yes, the maize plants grow best in full sun.

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3 thoughts on “maize farming: profitable corn farming business”.

it is very helpful. i would be extremely happy if u continue to send me more information on other commercial crops. i am a young farmer who is now venturing into the business of commercial farming and i would need help to succeed. Please can you send me information on the ready markets for all cash crops in the world. thank you.

Great.good work

Sincerely apprecieted the writer. God Bless you.

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How to write a business plan for a grain farm?

Putting together a business plan for a grain farm can be daunting - especially if you're creating a business for the first time - but with this comprehensive guide, you'll have the necessary tools to do it confidently.

We will explore why writing one is so important in both starting up and growing an existing grain farm, as well as what should go into making an effective plan - from its structure to content - and what tools can be used to streamline the process and avoid errors.

Without further ado, let us begin!

In this guide:

Why write a business plan for a grain farm?

What information is needed to create a business plan for a grain farm.

• How do I build a financial forecast for a grain farm?

The written part of a grain farm business plan

• What tool should I use to write my grain farm business plan?

Understanding the document's scope and goals will help you easily grasp its structure and content. Before diving into the specifics of the plan, let's take a moment to explore the key reasons why having a grain farm business plan is so crucial.

To have a clear roadmap to grow the business

It's rarely business as usual for small businesses. The economy follows cycles where years of growth are followed by recessions, and the business environment is always changing with new technologies, new regulations, new competitors, and new consumer behaviours appearing all the time...

In this context, running a business without a clear roadmap is like driving blindfolded: it's dangerous at best. That's why writing a business plan for a grain farm is essential to create successful and sustainable businesses.

To write an effective business plan, you will need to take stock of where you are (if you are already in business) and where you want the business to go in the next three to five years.

Once you know where you want your grain farm to be, you'll have to identify:

• what resources (human, equipment, and capital) are needed to get there,
• at what pace the business needs to progress to get there in time,
• and what risks you'll face along the way.

Going through this process regularly is beneficial, both for startups and existing companies, as it helps make informed decisions about how best to allocate resources to ensure the long-term success of the business.

To anticipate future cash flows

Regularly comparing your actual financial performance to the projections in the financial forecast of your grain 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 grain 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 grain 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 grain 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 grain 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.

Writing a grain farm business plan requires research so that you can project sales, investments and cost accurately in your financial forecast.

In this section, we cover three key pieces of information you should gather before drafting your business plan!

Carrying out market research for a grain farm

Before you begin writing your business plan for a grain farm, conducting market research is a critical step in ensuring precise and realistic financial projections.

Market research grants you valuable insights into your target customer base, competitors, pricing strategies, and other crucial factors that can impact the success of your business.

In the course of this research, you may stumble upon trends that could impact your grain farm.

Your grain farm may have the potential to attract more customers who are interested in organic products. Market research could reveal that there is a growing trend of consumers who are interested in buying organic and sustainably-sourced produce. Market research might also indicate that there is a potential for increased sales from consumers who are looking for locally-sourced grain. This trend could be driven by a desire for fresher, more locally-produced food.

Such market trends play a pivotal role in revenue forecasting, as they provide essential data regarding potential customers' spending habits and preferences.

By integrating these findings into your financial projections, you can provide investors with more accurate information, enabling them to make well-informed decisions about investing in your grain farm.

Developing the marketing plan for a grain farm

Before delving into your grain 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 capital expenditure requirements of a grain farm

Whether you are starting or expanding a grain farm, it is important to have a clear plan for recruitment and capital expenditures (investment in equipment and real estate) in order to ensure the success of the business.

Both the recruitment and investment plans need to be coherent with the timing and level of growth planned in your forecast, and require appropriate funding.

A grain farm could incur staffing costs for hiring an experienced farm manager to oversee the operation of the farm, as well as additional workers to plant and harvest the crops. In addition, the farm could incur costs to purchase and maintain the necessary equipment such as tractors, combines, seeders, irrigators, and other tools necessary for successful grain production.

In order to create a realistic financial forecast, you will also need to consider the other operating expenses associated with running the business on a day-to-day basis (insurance, bookkeeping, etc.). 

Once you have all the necessary information to create a business plan for your grain farm, it is time to start creating your financial forecast.

What goes into your grain farm's financial forecast?

The financial forecast of your grain farm's business plan will enable you to assess the growth, profitability, funding requirements, and cash generation potential of your business in the coming years.

The four key outputs of a financial forecast for a grain 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

Your grain farm forecasted P&L statement enables the reader of your business plan to get an idea of how much revenue and profits your business is expected to make in the near future.

Ideally, your reader will want to see:

• Growth above the inflation level
• Expanding profit margins
• Positive net profit throughout the plan

Expectations for an established grain farm will of course be different than for a startup. Existing businesses which have reached their cruising altitude might have slower growth and higher margins than ventures just being started.

The projected balance sheet of your grain farm

The balance sheet for a grain 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.

Examining the balance sheet is important for lenders, investors, or other stakeholders who are interested in assessing your grain 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 grain 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 cash flow forecast

As we've seen earlier in this guide, monitoring future cash flows is the key to success and the only way of ensuring that your grain farm has enough cash to operate.

As you can expect showing future cash flows is the main role of the cash flow forecast in your grain farm business plan.

It is best practice to organise the cash flow statement by nature in order to show the cash impact of the following areas:

• Cash flow generated from operations: the operating cash flow shows how much cash is generated or consumed by the business's commercial activities
• Cash flow from investing activities: the investing cash flow shows how much cash is being invested in capital expenditure (equipment, real estate, etc.) either to maintain the business's equipment or to expand its capabilities
• Cash flow from financing activities: the financing cash flow shows how much cash is raised or distributed to financiers

Looking at the cash flow forecast helps you to make sure that your business has enough cash to keep running, and can help you anticipate potential cash shortfalls.

Your grain farm business plan will normally include both yearly and monthly cash flow forecasts 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 known as a sources and uses table, is a valuable resource to have in your business plan when starting your grain farm as it reveals the origins of the money needed to establish the business (sources) and how it will be allocated (uses).

Having this table helps show what costs are involved in setting up your grain farm, how risks are shared between founders, investors and lenders, and what the starting cash position will be. This cash position needs to be sufficient to sustain operations until the business reaches a break-even point.

Now that you have a clear understanding of what goes into the financial forecast of your grain farm business plan, let's shift our focus to the written part of the plan.

Need inspiration for your business plan?

The Business Plan Shop has dozens of business plan templates that you can use to get a clear idea of what a complete business plan looks like.

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 grain 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

The first section of your grain farm's business plan is the executive summary which provides, as its name suggests, an enticing summary of your plan which should hook the reader and make them want to know more about your business.

When writing the executive summary, it is important to provide an overview of the business, the market, the key financials, and what you are asking from the reader.

Start with a brief introduction of the business, its name, concept, location, how long it has been in operation, and what makes it unique. Mention any services or products you plan to offer and who you sell to.

Then you should follow with an overview of the addressable market for your grain farm, current trends, and potential growth opportunities.

You should then include a summary of your key financial figures such as projected revenues, profits, and cash flows.

Finally, you should detail any funding requirements in the ask section.

2. The presentation of the company

The second section in your grain 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 grain farm, you could emphasize its proximity to major transport hubs, such as airports, seaports, or rail networks. You may also want to mention the availability of local resources, such as water, fertile soil, and access to labour. Additionally, you could point out the potential for growth in the area, both in terms of population and economic development. This could include the possibility of increased demand for grain or other agricultural products. Finally, you could highlight the potential for capitalizing on new technologies, such as automated farming or precision agriculture.

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 grain farm business plan should include a detailed description of what your company sells to its customers. 

For example, your grain farm might offer the sale and delivery of grain crops such as wheat, rye, barley, and oats to its customers. Additionally, you might offer crop consulting and soil testing services for farmers to optimize their yields. Finally, your farm might offer storage and drying services to ensure the grain remains in top condition before delivery. These products and services can help customers improve their farming operations and ensure they always have access to the grains they need.

The reader will want to understand what makes your grain 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 presenting your market analysis in your grain farm business plan, you should detail the customers' demographics and segmentation, target market, competition, barriers to entry, and any regulations that may apply.

The goal of this section is to help the reader understand how big and attractive your market is, and demonstrate that you have a solid understanding of the industry.

You should start with the demographics and segmentation subsection, which gives an overview of the addressable market for your grain farm, the main trends in the marketplace, and introduces the different customer segments and their preferences in terms of purchasing habits and budgets.

The target market section should follow and zoom on the customer segments your grain farm is targeting, and explain how your products and services meet the specific needs of these customers.

For example, your target market might include large-scale grain producers who are looking for a reliable source of grain to meet their needs. These customers would typically be commercial farmers who require large amounts of grain to feed their livestock or to be sold to customers. They would also appreciate the convenience of dealing with a single grain farm as opposed to multiple smaller farms.

Then comes the competition subsection, where you should introduce your main competitors and explain what differentiates you from them.

Finally, you should finish your market analysis by giving an overview of the main regulations applicable to your grain farm.

5. The strategy section

When crafting the strategy section of your business plan for your grain 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 grain farm faces a variety of risks. For example, your crop may be damaged by weather events such as droughts, floods, and extreme temperatures. These could lead to reduced yields, which could cause financial losses. Additionally, your farm could be at risk of pests or plant diseases. This could lead to a deterioration of the quality of the crop, or even complete crop loss. Both of these risks could have a major impact on the success of your farm.

6. The operations section

The operations of your grain 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 grain 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 could have key assets such as land, equipment, and buildings that make up your farm. You may also have intellectual property such as unique farming techniques and patented seeds that you use on your farm. These assets and IP could be valuable to your farm operations and may help you to become more successful.

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 grain 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 grain farm's business plan?

There are two main ways of creating your grain farm business plan:

• Using specialized business planning software,
• Hiring a business plan writer.

Using an online business plan software for your grain farm's business plan

Using online business planning software is the most efficient and modern way to create a grain 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 .

Need a solid financial forecast?

The Business Plan Shop does the maths for you. Simply enter your revenues, costs and investments. Click save and our online tool builds a three-way forecast for you instantly.

Hiring a business plan writer to write your grain farm's business plan

Outsourcing your grain 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 grain 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 grain 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 grain 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 grain 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 grain 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
• Business plan myths

Know someone who owns or wants to start a grain farm? Share this article with them!

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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Farm Business Planning

Farm Business Planning is key to beginning farmer success.

It helps beginning farmers :

• Plan for the economic sustainability of a new farm enterprise.
• Obtain funding to purchase land, equipment and other resources from lending institutions, investors and/or grant making agencies.
• Articulate what their farm will look like.

On this page, we compiled free farm business planning resources to help you understand what a formal business plan is, and how to start planning your farm business. Sections include:

• Developing a Farm Business Plan
• Enterprise Budgeting

Enterprise budget resources are included on the farm business planning page because such tools are usually essential in helping you to develop your business plan.

Planning your farm business involves more than is outlined on this page alone. You’ll probably also be interested in funding (loans/grants) , farm incorporation , and risk management . Our  starting a farm page is worth visiting first. Also, you might find the following article helpful, because it touches on many farm business planning topics: Farm Products, What to Charge: Marketing, Price, Calculating Costs, Strategy and Much More .

1. Developing a Farm Business Plan

A  business plan  is a decision making tool that takes the form of a formal document. It states your business goals, why you think you can achieve them, and lays out your plan for doing so. Farm business planning is also a process, not an end product. A business plan is a work in progress, which farm business owners or operators will want to revisit regularly. 

Planning and Funding Your Farm Business  from the Cornell University Small Farms Project has lots of important and useful farm business planning resources.

Rural Businesses  is a web and print publication from the Minnesota institute for Sustainable Agriculture (MISA).

Building a Business Plan for Your Farm: Important First Steps  is a 20 page farm business planning publication that discusses the initial steps to help you move toward writing a formal business plan.

The Center for Agroecology has a Small Farm Business Planning publication that goes over many of the basics in a step by step format.

Building a Sustainable Business: A Guide to Developing a Business Plan for Farms and Rural Businesses is a farm business planning publication available from SARE.

Do I need a Business Plan for my Farm? is a web resource from the New England Small Farm Institute. It’s a great place to get started.

AgPlan  from the University of Minnesota helps rural business owners develop a business plan for free, while also offering sample business plans for ideas, and a way to print or download your plan.

Developing a Farm Business Plan includes several helpful resources from the USDA National Agricultural Library’s Rural Information Center.

Organic Farm Business Planning Page  from North Carolina State University features a number of publications and links related to financial planing for organic farmers.

Agricultural Business Planning Templates and Resources   is an ATTRA publication most relevant to smaller-scale or alternative agricultural entrepreneurs.

Beginning Farmer and Rancher Resources offers comprehensive resources on Bookkeeping and Other Basics ; Cash Flow Budgeting and Managing Debt ; Small Farm and Ranch Income Taxes , and more.

Purdue University’s Center for Food and Agricultural Business  has educational resources to explore, such as the New Ventures in Food and Agriculture in Indiana , which offers business planning assistance.

Purdue University Cooperative Extension offers strategic farm business planning tools for commercial farm producers.

Penn State University College of Agricultural Sciences has many Business Planning tools and information.  Penn State Cooperative Extension has a Developing a Business Plan page. Penn State also has a Farm Business Plan Template that allows you to plug in your information and create a basic business plan.

The U.S. Small Business Administration  works with local partners to counsel, mentor and train small businesses. It is worth getting to know their programs and connect with your local office.

The Martindale Center Reference Desk has an extensive  compilation of links to calculators, applets, spreadsheets, courses, manuals, handbooks, simulations, animations, videos and more. Martindale’s Agriculture Center can be of great use to farmers making business plans.

2. Enterprise Budgets

Enterprise budgets project costs and returns for a particular farm production practice. You can use enterprise budgets to make smart business management decisions, and to help you develop a viable business plan.

Enterprise Budgeting Tools of all sorts from the Agricultural Marketing Resource Center, including organic crop budgeting tools, many vegetable budgeting tools, the crop conversion tool for side-by-side crop comparisons, specialty crop and livestock budgets, hydroponics budgets, wind calculators, composting calculators, manure calculators, distillers grain budgets, biomass calculators and specialty foods calculators.

Introduction to Farm Planning Budgets for New and Beginning Farmers (Virginia Tech)

Importance and Use of Enterprise Budgets in Agriculture   (University of Nevada)

Enterprise Budgeting (Kerr Center)

Organic Specific Enterprise Budgets

• Enterprise Budgets and Production Costs for Organic Production (ATTRA)
• Organic Crop Production Enterprise Budgets and Information   (Iowa State)
• Organic Enterprise Budget (Kansas Rural Center)

More Enterprise Budget Pages and Information

• Enterprise Budgets List (Virginia Cooperative Extension)
• Dairy Sheep Enterprise Budget (Center for Integrated Ag Systems, UW-Madison)
• Crop Budgets (University of Maryland)
• Farm Management Enterprise Budgets (Ohio State)
• Alabama Enterprise Budget Summaries (Alabama A&M and Auburn) 
• Start developing your business plan with the resources at   https://www.beginningfarmers.org/farm-business-planning/
• You can find more gr eat farming resources at   https://www.beginningfarmers.org/additional-farming-resources/

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Farming 101: How to Plant Corn

Whether it’s your first turn at planting corn or you are an experienced producer who could use a brush-up on the basics, here are a few tips to consider.

The first step in successful corn planting is understanding the land. Soil type matters, as does slope and drainage of the field.

Flatlands are more suited to strip tillage that will aid in soil warming and drying, compared to sloped fields that are more suited to a no-till approach, according to Mark Licht, Iowa State University Extension and Outreach cropping systems specialist. Corn can be planted directly into no tilled residue if the field is well drained with at least a 5% slope. Flat areas with prairie potholes that can pond excessively in heavy rains simply may not be suitable for corn production.

What to plant

The next step is choosing the right seed . There are many varieties on the market, all developed with different goals in mind. If planting early, a full maturity variety will allow for early season vigor and quick fall dry down. If planting is late, an earlier maturity variety is desired to wrap up the growing season before fall.

You may want a trait package that includes herbicide or insecticide or choose a more conventional variety and make applications as the season dictates.

Picking a seed company is part of the decision. Some companies give a discount for quantity if you buy all your seed in a given year from them. Others may give a loyalty discount if you buy from them year after year. One of the advantages of consistently buying from the same company is familiarity with the product line-up. That may help navigate the overwhelming number of options, especially for the new producer.

Row spacing and seeding rate

Debate about the advantages of a 20-inch or 30-inch row is ongoing and depends in part on the hybrid genetics of your seed. Your seed salesmen can be of assistance in advising you as to row spacing and expected seed rate response.

Licht says 33,000-38,000 seeds per acre is an ideal range for much of the Midwest. A higher rate may maximize yield, but a lower rate may be more economical when factoring in the cost of seed. Watch the season-long weather report. Plant lighter in a dry season so there is less competition for moisture. In a wetter year, you can bump up your rate.

When to plant

Some old farmers may tell you it's time to plant corn when the oak leaves are the size of squirrel's ears. Others are married to a particular date no matter what or just want to beat their neighbor to the field. But Licht says there are more reliable ways to determine the right time for planting.

Soil temperatures need to be at least 50°F. with a 5- to 14-day warming trend ahead. Field moisture needs to be adequate to germinate the seed, but not so wet it hampers plant emergence or vigor or causes equipment to create unnecessary compaction.

Federal crop insurance dictates when you can start planting in your state and qualify for the program. In Iowa, it is April 11.

Licht says many producers get into more trouble on the second field they plant. "They wait and follow directions on the first field, then the spring rains come, and they see a two-day window, so they hit the second field too soon. When you think you're ready, wait another one-half day. You'll be better off."

Today's 24-plus-row planters finish the job much faster than some expect, so don't panic over the passing rainy days. Licht says you will start to see yield declines if you're not done by May 11, though those declines are not significant until around May 20.

Using the right equipment

The large planter is ideal for large fields with no fencerows, but it is not for everyone or every farm. Be sure to choose the right size planter for the size of your operation and your landscape. Licht says a standard planter from your dealer will generally suffice, at least to start. Various attachments, like row cleaners, starter fertilizer, and insecticide delivery systems can be added later.

"Make sure your planter can move residue out of the row, and the depth gauge wheels work properly," he says. Just the right amount of down pressure is needed to plant effectively without causing compaction, and that varies according to soil type and organic matter.

Soil fertility will determine whether or not to apply a starter fertilizer when planting, so it is important to know your soil test levels.

• Read more: Corn Planting Depth Crucial to High Yields

Planting day

Set up your planter with your desired seeding rate and make sure it is set for the right seed depth. Licht recommends 2 inches. "If it's dry, that's deep enough to get moisture. If it's wet, it can get out of the ground rapidly."

As you are planting, make sure you get the furrow closed and you are not creating sidewall compaction. Licht recommends getting out of the tractor every four to six hours to evaluate how the planter is performing. Settings that worked one day, or in the early morning, may not be as effective after temps and breezes have warmed and dried the soil.

Stand assessments

Once the field is planted and the corn is growing, be sure to check the emerging corn and count the plant population. Are there doubles? Is the seed spacing what it should be? Are there skips? Why?

Understanding what you have will help you manage potential problems through the growing season. Weak root systems from compaction can lead to lodging in heavy winds, and a sparse stand is open to weed competition. So, walk your field, evaluate your work, plan how to manage your crop, and make adjustments for next year.

• MyU : For Students, Faculty, and Staff

Grain Marketing Plans

Since 2001, Ed Usset has been writing and executing marketing plans for his mythical farms; a corn and soybean operation in Southwestern Minnesota and a wheat farm in the Red River Valley of Northwestern Minnesota.

These marketing plans are not intended to represent the “perfect” plan – Ed submits to you that there is no perfect plan. Rather, they are intended as a teaching tool, to show producers what a solid plan looks like and the process of implementing that plan.

Use these free Grain Marketing Plan Templates to start your own plan!

Pre-harvest Marketing Plan Template

Post-harvest Marketing Plan Template

• Corn Pre-harvest
• Soybeans Pre-harvest
• Spring Wheat Pre-harvest
• Corn Post-harvest
• Soybeans Post-harvest
• Spring Wheat Post-harvest

Corn Farming Business Plan

$59.00 $39.00 2 reviews

Instant Download, Editable on MAC & PC

Resources On Corn Farming

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

Executive Summary

Products & services, market analysis, marketing plan.

• Management Plan
• Financial Plan

The Cornfields Inc. startup aims to address several problems in the US corn farming industry. One of the primary issues is the lack of focus on sustainable farming practices, which has contributed to soil erosion, water pollution, and declining soil health. This has become a pressing concern for consumers who are increasingly looking for environmentally friendly products and practices. Additionally, small-scale farmers often lack the expertise and resources to adopt sustainable farming practices, which can limit their ability to improve their crop yields and expand their businesses.

Cornfields Inc. aims to fill this gap by providing high-quality corn products grown using sustainable farming practices. We also aim to offer consulting services to other farmers who are interested in adopting similar practices. By doing so, we hope to promote sustainable farming practices in the US and provide a reliable supply of high-quality corn products to consumers.

Cornfields Inc. will provide a high-quality corn product that is grown and harvested using sustainable farming practices. Our commitment to sustainability will be reflected in every aspect of our operations, from the types of equipment we use to the way we manage our farmland. In addition, we will offer consulting services to other farmers who are interested in adopting sustainable practices for their farms. This will not only provide a valuable service to our customers, but will also help promote sustainable farming practices throughout the US agriculture industry.

Target Market

Our target market is primarily made up of food manufacturers and distributors who require a consistent supply of high-quality corn for their products. This includes companies in the snack food, cereal, and baby food industries. Additionally, we aim to target environmentally conscious consumers who are willing to pay a premium for sustainably produced corn. We will leverage our expertise in sustainable farming practices to position ourselves as a preferred supplier for consumers and manufacturers who prioritize environmentally friendly practices. Through our consulting services, we also aim to target other farmers who are interested in adopting sustainable farming practices.

Competition

As with any industry, Cornfields Inc. faces competition in the market. While we aim to provide high-quality and sustainably grown corn, there are alternative options available to consumers.

One of the main substitutes for our product is corn imported from other countries, such as Brazil and Argentina. These imports often have lower prices but may not meet the same quality and sustainability standards as our locally grown product.

Other competition comes from larger, established corn farming companies in the United States. However, we believe our focus on sustainable practices and personalized consulting services for other farmers will set us apart from our competitors.

Financial Summary

Here are the key highlights of our financial plan:

• Startup funding goal: $2 million
• Projected revenue for the first year: $2.5 million
• Net profit margin: 10%
• Startup funding will cover farmland acquisition, equipment purchase, and operating expenses for the first year of operation
• Sales and marketing strategy will focus on building relationships with local buyers and expanding our customer base through online platforms
• Operational plan will prioritize sustainable farming practices to reduce costs and increase efficiency
• Management and team structure will be lean with a focus on hiring experienced farmers and consultants
• Financial projections will be reviewed and updated quarterly to ensure profitability and adjust for any unforeseen challenges or opportunities

Funding Requirements

Our startup funding goal is $2 million, which will be used for the following:

• Acquisition of farmland
• Purchase of equipment and machinery
• Covering operating expenses for the first year of operation

We are seeking investor funding to help us reach our startup goal and establish our business in the competitive corn farming industry. In return, investors will have a stake in a sustainable and profitable business that can potentially expand into other regions and markets in the future.

Milestones and Traction

Problem worth solving, our solution, validation of problem and solution, product overview.

Cornfields Inc. faces competition from other corn farming businesses in the US. Some of the current competitive offerings include non-sustainably grown corn that may impact the environment negatively. Additionally, some farmers do not adhere to the standard of high-quality corn, which may lead to low yields and quality issues.

Our product stands out from the competition due to our commitment to sustainable farming practices. We use organic methods of farming that are good for the environment and human health. The corn we grow and harvest is of the highest quality, thanks to our expertise and advanced equipment. We are confident that our high-quality and sustainable corn products will provide us with a competitive edge over our rivals, enabling us to meet the demands of our customers while supporting sustainable agriculture practices in the US.

Roadmap: Products & Services

Our primary product offering will be high-quality corn grown and harvested on our farms using sustainable practices. In addition to selling corn, we will also provide consulting services for other farmers who are interested in adopting sustainable practices for their farms.

To establish and grow our business, we have already taken the following steps:

Our next steps to establish and grow our business include:

• Finalizing our sales and marketing strategy, including identifying target customers and establishing partnerships
• Acquiring farmland for the first year of operation
• Purchasing necessary equipment and machinery for farming and consulting services
• Building and training our team, including hiring farmers and consultants
• Developing relationships with suppliers, distributors, and other industry players

We will continue to update and revise our roadmap as necessary to ensure that we meet our business goals and maintain our commitment to sustainability.

Market Segmentation

Market segmentation is the process of dividing a larger market into smaller groups of consumers with similar needs, preferences, and characteristics. In the case of our Corn Farming business, potential groups of customers can be separated by specific characteristics in a form of a table as follows:

By identifying these potential market segments, we can tailor our marketing strategies and product offerings to better meet the needs of each group and maximize our profitability.

Target Market Segment Strategy

Key customers.

Our ideal customer archetype is the health-conscious individual who values sustainable and locally-sourced food. This customer is willing to pay a premium price for high-quality, non-GMO corn products, and is passionate about supporting small, family-owned businesses. We aim to build a loyal customer base who will not only purchase our products but also act as advocates for our brand.

Future markets

Competitor analysis is a crucial part of market research for determining the key players in the market for corn farming. Here is the table of potential competitors:

The competition analysis aids in determining the strengths and weaknesses of the competitor's operations, the opportunities the market presents, and the threats that can arise within the market. By analyzing the competition, we can make informed decisions to differentiate ourselves in the market and develop a unique value proposition for our customers.

Marketing and Sales Plan

Our marketing and advertising strategy will focus on building brand awareness and promoting the benefits of our corn products. We will utilize various advertising channels to reach our target customers, including:

In addition to these channels, we will also attend local agricultural fairs and events to showcase our products and make connections with potential customers. Our overall goal is to increase sales by 20% in the first year and establish our brand as a leader in the local corn farming industry.

Location and Facilities

Cornfields Inc. will be based in Des Moines, Iowa, which is known for its favorable climate and fertile soil for corn farming. Our farmland will be strategically located within the city limits to reduce transportation costs and ensure timely delivery of corn to our customers.

In terms of facility costs, we have secured a lease agreement for a 10-acre farmland at a cost of $50,000 per year. We plan to invest an additional $500,000 in equipment and machinery to ensure efficient farming operations. Our facilities will include a processing plant for corn and a storage facility to ensure supply during off-seasons.

We will also invest in sustainable practices such as crop rotation, soil conservation, and conservation tillage to reduce environmental impact and ensure long-term viability of our farmland. Our commitment to sustainability will be a key selling point for customers who value environmentally friendly practices in their food supply chain.

At Cornfields Inc., we are committed to utilizing the latest technology to ensure that our corn farming operations are efficient, sustainable, and of the highest quality. We will be implementing precision agriculture techniques such as GPS mapping, soil testing, and variable rate application of fertilizers and pesticides to optimize our crop yields while minimizing environmental impact.

In addition, we will be utilizing state-of-the-art irrigation systems that are designed to conserve water and maximize crop growth, while also minimizing waste and runoff. Our cutting-edge harvesters and processing equipment will also help us to efficiently harvest and store our crops while minimizing waste and maintaining quality.

Through the use of these modern technologies, we aim to differentiate ourselves from traditional corn farming operations and position ourselves as leaders in sustainable agriculture. Our customers can be assured that they are receiving corn that is not only of the highest quality, but is also grown using environmentally responsible practices.

Equipment and Tools

For a successful corn farming business, you will require various equipment and tools that assist in different stages of cultivation. Here is an outline of the required equipment or tools and the cost associated with purchasing or renting them in table layout:

The total cost of acquiring these equipment and tools is estimated to be $89,700. It is recommended to compare prices and consider renting some of the equipment and tools to reduce costs and increase profits.

Management and Organization

Organizational structure.

Below is a table overview of the organizational structure for our corn farming business:

The flow of information in our organization will be structured based on a hierarchical model, with the CEO at the top, followed by the COO, CFO, and CTO. Department managers will then report to the COO, with lower-level employees reporting to their respective managers. Communication will be facilitated through weekly team meetings, and regular performance evaluations will be conducted to ensure that everyone is meeting their responsibilities effectively.

Management Team

The success of our corn farming business will largely depend on the expertise and leadership of our management team. We anticipate taking on highly qualified individuals who possess the necessary skills and experience to fill high-level management roles within our company. We have prepared a table of potential candidates who we believe would be a great asset to our team:

We will ensure that our management team is composed of the best and brightest individuals who share our vision and values, and who can work together to achieve our business goals.

Management team gaps

Currently, the management team of our corn farming business lacks expertise in the areas of finance and marketing. While we have team members with agricultural knowledge, we do not have any candidates ready to fill those roles. Therefore, we plan to actively seek out experienced professionals in these domains to join our team and help us achieve our business goals.

Personnel Plan

In order to run our corn farming business effectively, we have identified a table of potential positions that we expect to require. These positions include:

We plan to hire qualified individuals for these positions and create a strong team that will help us reach our business goals.

Company History and Ownership

Our team has established a roadmap of specific goals and objectives to achieve in order to steer our business towards success. The table below outlines our milestones:

Key Metrics

The following Key Performance Indicators (KPIs) will help gauge the overall performance and health of our corn farming business:

• Corn yield per acre: This KPI allows us to track the amount of corn produced per acre of land. A higher yield per acre means more productive land.
• Cost per acre: This KPI helps us understand the expenses incurred in producing corn per acre of land. Keeping costs under control is essential for profitability and sustainability.
• Profit margin: This KPI lets us know how much profit we are making after deducting all the costs associated with corn farming.
• Cash flow: Monitoring the cash flow ensures that we have enough money to cover our expenses and invest in the business's growth.
• Employee satisfaction: This KPI measures how satisfied our employees are with their work, compensation, and work environment. Satisfied employees are happier and more productive, which positively impacts the overall health of the business.

Financial Plan and Metrics

Sales forecast.

Projected sales for the first three years are as follows:

These projections are based on anticipated demand for high-quality and sustainably farmed corn, as well as our sales and marketing strategies for expanding our customer base over time.

Starting a corn farming business requires certain expenses which include the cost of purchasing land, machinery, equipment, and crop inputs. The table below summarizes the expected startup costs:

Operational expenses are the ongoing costs necessary to operate the business, including labour, utilities, insurance, and maintenance. The table below summarizes the expected operational expenses:

As the business grows, so will the operational expenses, but by implementing efficient processes and careful management, the costs can be kept under control and profits maximized.

Projected Profit and Loss

Projected cash flow, projected balance sheet.

The projected balance sheet for the Corn Farming business is shown in the table below. The table provides a snapshot of the expected balances for the business assets, liabilities, and equity.

As shown in the table, the assets of the business are expected to increase each year due to growth and expansion plans. The liabilities will also increase as the business takes on more debt to finance growth. The equity of the business is expected to increase due to profits generated from operations.

Our corn farming business plan includes a detailed outline of hiring, compensation, and employee integration. We plan to hire skilled workers who have experience in crop production and farm management. Initially, we will have two full-time employees who will oversee planting, harvesting, and farm maintenance activities. As the business grows, we will hire more employees to manage the increasing workload.

Compensation for our employees will be industry-competitive with additional benefits such as health insurance, paid time off, and a retirement savings plan. We also plan to offer incentives for exceptional work and training opportunities for career growth.

Our employees will fit into our business operations by working with our farming equipment, managing the production schedule, and delivering corn to buyers. We will ensure that our team members are well-trained and actively participate in our business's success.

Use of Funds

Our startup funding goal of $2 million will be used to acquire farmland, purchase equipment and machinery, and cover operating expenses for the first year of operation. Specifically, we will use 60% of the funds for land acquisition, 20% for equipment and machinery, and the remaining 20% for operational expenses which include hiring staff, marketing, and legal fees. These funds will allow us to successfully launch our farming operations and position us for long-term growth and expansion.

Exit strategy

As we grow our business and continue to increase our profits, we have considered several options for exiting the business. One option is to look for potential buyers who are interested in acquiring our corn farming business. This exit strategy will require us to prepare our business for sale, including improving our financial metrics, updating our business infrastructure, and ensuring that all documentation is up-to-date.

Another option is to pass our business along to a family member or trusted employee. This will ensure that our legacy continues, our company values are upheld, and our current employees have job security. This transition will involve careful planning and consideration of the successor's capabilities, leadership style, and vision for the future of the business.

Regardless of which exit strategy we choose, our top priority is to ensure that the business continues to thrive and provide value to all stakeholders involved.

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