Goat farming business is a very profitable business, and many people are making money all over the world by starting goat farming project. However, to build a successful, sustainable goat farming business, you require sufficient knowledge of how to efficiently raise the goats, good management skills, and a good goat farming business plan. This article will outline how to start the goat rearing business, and the goat farming business plan – PDF, Word and Excel.
Goat farming is a lucrative business, providing income for millions of people, but there are some essential things you need to do before you venture into rearing goats for profit. You have to decide on the size of your goat farming project i.e. the number of goats you want to keep; location of the goat farming business e.g. a goat farm , 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 goat farming project overtime, remember, Rome was not built in a day. You also need to carry out market research (Who are you going to sell the goats to? At what price?) and write a goat farming business plan before you start the goat farming project.
What you need
Land for Goat Farming Project
A large enough area must be available for erecting the necessary goat pens. Assessment on the suitability of the plot for goat farming should be conducted. It is advisable to locate the project nearer to good roads as that will help minimize costs. This will also enable the farmer have easy access to and from the goat farming project. There should be a reliable source of clean water that can be used for both human and animal consumption, such as boreholes, rivers and dams. In case of inadequate water source, a reservoir could be constructed. Goats tend to escape from the farm. Thus you have to put a strong fence around your farm to prevent the goats from escaping. Make the fence suitable enough for keeping your goats safe inside, and strong enough for keeping all types of predators or harmful animals outside.
Goats require pasture to graze on. You should divide the pasture into different parts. To avoid over usage of pasture and the growth of less desirable forage, you should rotate the pastures where your goats graze on.This means that you should allow your goats to graze on one pasture while the other pasture is resting. The pasture should have various types of pasture plants or grasses. This will increase the food value and help to meetup all types of necessary nutrient requirements for goats. Your goat farming business plan should take into account the cost of purchasing or renting the land.
Housing And Equipment for the Goat Farming Project
There is need for you to have good housing so that you become successful and profitable in your goat farming business. Goats do not require expensive housing since they are very adaptive animals. The proper housing for goats should have good ventilation and a dry floor. The goats also need protection from the sun and rain, thus you housing should cater for that. The goat shelter must be well-ventilated, and should be easy to clean. Poor ventilation is bad to the health and performance of your goats. Extreme temperatures can reduce the productivity of goats. Poor ventilation may also lead to circulation of harmful gases which can cause respiratory problems to the goats.
Good ventilation is required so that the right amount of fresh air is provided to all parts of the shelter, and to maintain the right temperature and the right humidity. The goat pens for your goat farming project can be constructed using clay bricks, wood or concrete blocks. Irrespective of the material you use to construct the goat pens, you should ensure that enough space is available for the goats, plus proper ventilation. The equipment required for your goat farming project include feeders and drinkers for feed and water for the goats. Your goat rearing business plan should outline the costs of housing and equipment needed for your goat farming project.
Breeding Stock For the Goat Farming Business
To start keeping goats for profit, you require breeding stock. The breeding stock consists of male goats which are known as bucks, and female goats which are known as does. When choosing breeding stock for goat farming business, you should be very careful of the health history of the goats. It’s advisable to purchase the breeding stock from goat farmers who have a good reputation in the goat production business. The goats which you select should be strong with an overall appearance of good health. Request to see the records of the breeding stock which you want to purchase. The growth potential of your kids will depend on the nature and quality of the parent stock. Thus it is of great importance to buy a good goat breeding stock from reliable goat farmers. The goat farming business plan should take into consideration the cost of buying the breeding stock.
Breeds of Goats
There are various breeds of goats which are used for commercial goat farming. The popular breeds for goat meat production include the Boer Breed, Spanish breed, Black Bengal, Kalahari, Rangeland among others. The Boer Goat is a highly productive meat breed and considered a superior breed. This type of breed is originally from the Eastern Cape in South Africa and it’s more expensive compared to other breeds. A good Boer buck that is between 6-12 months can service 25 does while a full-grown buck that is 13 months old can service 50 does in a year. The Boer Goat is considered superior because it has a good bone structure, large body size, grows fast, heavy weight and can easily adapt to a wide range of pastures. Some farmers cross breed an superior breed e.g. the Boer Goat with indigenous breeds. This is in order to get the right quality of offspring with good meat quality, resistant to diseases, health and adaptable to various pastures.
Feed for the Goats
Feed is the largest cost of running a goat farming project. The most economical source of nutrients for meat goats are browse and pasture. In some cases, pasture and browse will be sufficient to meet the nutritional requirements required by meat goats. Goats are versatile, inquistive and energetic in their feeding habits. Goats can adapt to different environments.They can consume over 80 different kinds of plants. Goats are browsers by nature, they are not grazers. However, they will also eat grass. A suitable area for the goat farming project should ideally have low bushes. Goats enjoy browse materials like trees, bushes, twigs and leaves.
Even though goats will browse and feed on pasture, you will have to give them supplementary feed for you to be profitable in your goat farming business. Enough pasture might not be available throughout the year due to seasonal changes. To enable goats to grow fast and reach their full growth potential in a short time, you will have to give them supplementary feed.There are various kinds of supplementary feed you can give to your goats including hay (lucernes), grains (e.g. wheat, oats, maize, sorghum, barley etc), commercial goat feed, minerals and salts. The goats also require sufficient water. The goat farming business plan should take into consideration the feed costs.
Capital for a Commercial Goat Farming Project
Starting a goat farming business requires capital. The capital is required for constructing the goat housings, purchasing the breeding stock, purchasing supplementary feeds and other costs associated with running a goat farming business. The amount of capital you need for your goat rearing business will depend on the size of your goat farming project. Your goat farming business plan should clearly outline the money required to start and operate a goat meat production business.
You can get a loan from the bank, or funding from investors, to use as capital to start your goat farming business. If you plan to raise capital from investors and a loan from the bank, you need a good goat 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. Goat farming is very 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 goat farming business plan to guide you in starting and operating the business. It is essential for you to have a goat farming business plan before you venture into the goat farming business, so that you know all the costs involved and you make an informed decision.
Management And Labour for a Goat Farm
The number of employees you require for your goat farming project will depend on the size of your goat farming project. You will need goat keepers who will be responsible for feeding the goats, cleaning and disinfecting the goat housings, and other duties. There may also be need for finance and marketing team, depending on the size of your goat production business. Your goat farming business plan should take into account the salary costs for all the people you are going to employ.
The market for goat meat is very huge and is ever increasing. The annual global demand of goat meat is 5 million tonnes. That’s a lot! You can supply goat meat to abattoirs, local butcher shops, retailers, hotels, supermarkets, restaurants, wholesalers and individual consumers. Goat meat has to be sold whilst it’s still fresh, thus you should locate your goat farm close to your market. The goat production business plan ought to include a proper marketing plan to use in your goat business.
Goats can be kept for meat, milk, hair and fiber uses. This article and business plan if for goat meat production. The export market for goats is very huge! As you grow your goat farming business you will be able to export the goat meat to other countries. The largest importers of goat meat include United Arab Emirates, Indonesia, United States of America, Caribbean, South Korea, Angola, Taiwan, China, India, Middle East, European Union, Malaysia, Singapore, Brunei.
Pre-Written Goat 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 goat farming business, we encourage you to purchase our well-researched and comprehensive goats business plan. We introduced the business plans after discovering that many were venturing into the goat meat production business without enough knowledge and understanding of how to run the goats business, how to keep the goats, 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 goat farming business plan will make it easier for you to launch and run your goat meat 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 goat farming business.
Uses of the Goat Farming Business Plan (PDF, Word And Excel)
The goat farming 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 goat production business
- As a goat farming business proposal
- Assessing profitability of the goat meat production 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 Goat Farming Business Plan (PDF, Word And Excel)
The goat farming business plan include, but not limited to:
- Industry Analysis
- Marketing Strategy
- Market Analysis
- 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
- SWOT & PEST Analysis
- Operational Requirements (Including technical aspects of how to keep and rear the goats, feed requirements etc)
- Operational Strategy
- Why some people in goat farming business fail, so that you can avoid their mistakes
- Ways to raise capital to start your goat farming business
The Pre-written goat farming business plan package consist of 4 files
- Goat Farming Business Plan – PDF file (Comprehensive Version – 84 Pages)
- Goat Farming Business Plan – Editable Word File (Comprehensive Version – 84 Pages)
- Goat Farming Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 39 pages)
- Goat Farming Business Plan Automated Financial Statements – (Editable Excel File)
Our premium Excel financial statement gives you the ability to input the number of goats you want to work with, the costs which apply to your country e.t.c., and the financial statements will be automatically generated. The Excel template comes with a complete set of financial statements, with prices in US Dollars, which you have to edit, to input the prices in your country’s currency e.g. Shillings, Rupees, Rands, Pesos, Pounds e.t.c . When you download it, you just adjust the figures on the inputs sheet (Required details include the number of goats, costs of feed, salaries, selling prices of the goat meat etc). After entering the required details, the excel template will automatically generate all the 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).
Click below to download the Contents Page of the Goat Meat Production Business Plan (PDF)
Get the Goat Farming Business Plan (PDF, Word And Excel)
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