
This is a Business Plan Template for NIRSAL Bank Loan Agro Produce. In fact, it’s a sample of agricultural business plan in Nigeria. It’s one that follows NIRSAL and CBN business plan format. As a matter of fact, NIRSAL loan application portal and AGSMEIS training centres adopt this format. Therefore, you can now ask for Business Plan Template for NIRSAL Bank Loan Agro Produce.
In fact, if your question is, how do I write a farming business plan? Here is the solution. In fact, whenever you are applying for AGSMEIS loan, Anchor Borrowers programme, or any other institutional related agro produce business loan, this post must be handy. We promise to assist you generate your business plan faster at any time if we are contacted.
COMPLETE AGRO PRODUCE MILL ENTERPRISE – INTRODUCTION:
Table of Contents
This is a modern agro produce processing firm that is automated. In fact, we leverage on this to mass produce all our products.
In fact, Rice is one of the major staple foods in Nigeria. However, only about 57% of the 6.7million metric tonnes consumed in Nigeria annually is locally produced, leading to a supply deficit of about 3 million tonnes. For us this is problem worth solving.
Therefore, our solution to this is anchored on our processing plant designed to mass produce several kilograms of processed rice and other products daily. This is an objective of Complete Agro Produce Enterprise to fill some of the gap in the rice production deficit in Nigeria. This our effort will also support local farmers in their paddy and other produce production efforts.
Executive Summary For Business Plan Template for NIRSAL Bank Loan Agro Produce
The restriction on importation of rice into Nigeria is causing a lot of scarcity of this commodity. On the other hand, this is becoming an economic challenge for citizens and national economy. In fact, this is the problem we are ready to find solution to by establishing this rice milling factory. Because this factory is going to be located in Lokoja which is a town accessible to both south and northern Nigeria, our business will surely thrive here. On the other hand, we are determined to sell at the cheapest price compared to other locally milled rice. This is also because, our location will assist us get our inputs easily. In fact, the capacity of our factory is one that will facilitate mass production which will result into low per kg price.
Solution We Offer:
Fortunately, our factory is a medium size rice milling factory. One of the largest within our locality. Therefore, we are sure of large scale economies such as low cost of production. In other words our products will be cheapest around. Furthermore, our processed rice offers delicious, inexpensive favorite rice.
SALES AND MARKETING: Sales channels:
Furthermore, we are going to use every possible marketing strategy to deliver our products to customers. We have assembled a formidable sales team to manage our intermediaries — distributors, dealers, resellers and others.
Marketing activities
Therefore, our marketing strategies are going to emphasis on Cause Marketing, Relationship Marketing. Scarcity Marketing and Undercover Marketing. In fact, these are going to centre on business to business (B2B) and business to consumer (B2C) marketing.
Milestones Table:
A a matter of fact, setting up of our milestone has been very easy. This is becaue we have enough capital outlay to carry out our projections as at when due. The centure capital rquired from NIRSAL micro finance bank will simply facilitate this. In fact, the activities of the enterprise lined up to make for its smooth take off is as contained this table.
Milestone | Due Date | Who’s Responsible | Details |
Milling Plant Erection | August 03, 2020 | CEO | The installation of the entire facility to make ready for operations |
Office Made Ready | August 11, 2020 | Director Admin | This will ensure all furniture and office equipment are ready for operation take off. |
Plant Test Running | August 31, 2020 | Director Technical | This is to ensure that all components are effectively fitted and working. |
Opening Ceremony | September 01, 2020 | CEO & All Staff | A grand opening ceremony |

Financial Plan Forecast for Business Plan Template for NIRSAL Bank Loan Agro Produce
Our Key assumptions
The forecast key assumptions in relation to the input, outputs , cost of production and processing procedures are in the Appendix.
Projected Cash Flow Statement:
Furthermore, we are happy to announce that our projection shows a buoyant liquidity position at ll times. In fact, it shows how our funds are well managed. The following cash flow statement speaks for us.
FY2021 | FY2022 | FY2023 | |
Net Cash Flow from Operations | |||
Net Profit | N191,999,297 | N141,787,417 | N140,021,866 |
Depreciation & Amortization | N4,170,474 | N2,670,474 | N2,670,474 |
Change in Accounts Receivable | (N733,000) | N242,925 | (N47,225) |
Change in Inventory | |||
Change in Accounts Payable | N2,240 | N0 | N0 |
Change in Income Tax Payable | N33,882,229 | (N8,860,920) | (N311,568) |
Change in Sales Tax Payable | N0 | N0 | N0 |
Change in Prepaid Revenue | |||
Net Cash Flow from Operations | N229,321,240 | N135,839,896 | N142,333,546 |
Investing & Financing | |||
Assets Purchased or Sold | (N14,742,650) | ||
Net Cash from Investing | (N14,742,650) | ||
Investments Received | N12,000,000 | ||
Dividends & Distributions | (N500,000) | (N500,000) | (N600,000) |
Change in Short-Term Debt | |||
Change in Long-Term Debt | |||
Net Cash from Financing | N11,500,000 | (N500,000) | (N600,000) |
Cash at Beginning of Period | N0 | N226,078,590 | N361,418,486 |
Net Change in Cash | N226,078,590 | N135,339,896 | N141,733,546 |
Cash at End of Period | N226,078,590 | N361,418,486 | N503,152,032 |
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Agro Produce Financial Model:
Furthermore, if you must be in agro related business then you must be sure of how to always generate your financial model. Especially, when you are looking for loan from CBN or NIRSAL micro finance bank.

In fact, as a firm of chartered accountants, we promise you that your financial model will be accurate. A professionals, we produce bankable reports in this respect. You may wish to contact us through +234 8034347851 or cfmclimited@gmail.com
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Founder/Managing Partner of Complete Full Marks Consultants Ltd. An Economist turned Chattered Accountant and Tax Practitioner with over 37 years of industrial experience.