Download Rice Cultivation Business Plan with 3 Years Financial Analysis

by Demi

Are you searching for a downloadable rice cultivation business plan in Nigeria? Do you want to start rice planting and processing business but you don’t have an idea on how the rice farming business plan template will look like?

This post is for you.

Do you want to secure a loan for NIRSAL, BOA, BOI, grant or make future forecast figures? Then you need a rice farming business plan in Nigeria to do that?



  1. Land Preparation: Select a fertile land with good water retention capacity. Clear the land of weeds, rocks, and debris, and plow the field to a depth of about 15-20cm. Level the field and create irrigation channels.
  2. Seed Selection and Preparation: Choose high-quality rice seeds that are adapted to your region and resistant to common diseases and pests. Soak the seeds in water for 24 hours, and then spread them out to dry for a day or two before planting.
  3. Planting: Rice can be planted by broadcasting, drilling, or transplanting. Broadcasting involves scattering the seeds uniformly across the field, while drilling involves planting the seeds in rows. Transplanting involves planting seedlings that have been raised in a nursery. The recommended planting density for rice is about 50-60 kg of seeds per hectare.
  4. Irrigation: Rice requires a lot of water to grow well, especially during the vegetative and reproductive stages. Provide irrigation or flood the field with water to keep the soil moist. Ensure that the water level is about 2-3cm above the soil surface during the vegetative stage, and about 5-6cm during the reproductive stage.
  5. Fertilization: Rice requires adequate fertilization to grow well. Apply nitrogen-rich fertilizers like urea, phosphorus-rich fertilizers like single superphosphate, and potassium-rich fertilizers like muriate of potash. Apply fertilizers at the time of planting and again after 3-4 weeks.
  6. Weed Control: Rice fields should be kept free of weeds that can compete with the rice for nutrients, light, and water. Use manual or mechanical weeding or apply herbicides like glyphosate to control weeds.
  7. Pest and Disease Management: Rice is susceptible to pests and diseases such as stem borers, rice blast, and bacterial leaf blight. Monitor the plants regularly and take appropriate measures such as applying organic pesticides like neem oil or using biocontrol agents like Bacillus thuringiensis to control pests and diseases.
  8. Harvesting: Rice is ready for harvest after about 4-6 months. Look for signs of maturity such as yellowing and bending of the stalks, and grains that are no longer milky. Harvest the rice using sickles or combine harvesters. After harvesting, dry the rice in the sun or using mechanical dryers to reduce the moisture content to about 14%.
  9. Processing: Remove the husk from the dried rice using a rice huller or by pounding it manually. The processed rice can be milled to remove the bran and polished to obtain white rice.
  10. Marketing: Once processed, the rice can be sold to local markets, supermarkets, or exported. Identify buyers who offer the best prices for your rice and negotiate a fair price.

By following these steps, you can successfully cultivate rice in Nigeria and maximize your profits. Good luck


  1. Land preparation: Land preparation is the first step in rice farming. The cost of land preparation varies depending on the size of the farm and the method used. On average, land preparation can cost between ₦50,000 to ₦150,000 per hectare.
  2. Seed selection and preparation: The cost of rice seeds also varies depending on the variety and quality. On average, rice seeds can cost between ₦10,000 to ₦50,000 per hectare. Seed preparation, including soaking and drying, can cost around ₦5,000 per hectare.
  3. Planting: The cost of planting depends on the method used. Broadcasting and drilling are cheaper than transplanting. On average, planting can cost between ₦20,000 to ₦40,000 per hectare.
  4. Irrigation: Rice requires a lot of water to grow. The cost of irrigation depends on the source of water and the method used. Irrigation can cost between ₦30,000 to ₦100,000 per hectare.
  5. Fertilization: Fertilizers are essential for rice farming. The cost of fertilization depends on the type and quantity of fertilizers used. On average, fertilization can cost between ₦50,000 to ₦150,000 per hectare.
  6. Weed control: Weeds can reduce rice yield significantly. The cost of weed control depends on the method used. Manual weeding is cheaper than using herbicides. On average, weed control can cost between ₦30,000 to ₦50,000 per hectare.
  7. Pest and disease management: Pests and diseases can also reduce rice yield. The cost of pest and disease management depends on the type of pests and diseases present. On average, pest and disease management can cost between ₦30,000 to ₦50,000 per hectare.
  8. Harvesting: Harvesting can be done manually or using combine harvesters. Manual harvesting is cheaper, but combine harvesters can save time and labor costs. On average, harvesting can cost between ₦50,000 to ₦100,000 per hectare.
  9. Processing: The cost of processing depends on the method used. Manual processing is cheaper, but mechanical processing can save time and labor costs. On average, processing can cost between ₦20,000 to ₦50,000 per hectare.
  10. Marketing: The cost of marketing depends on the location of the farm and the market demand. On average, marketing can cost between ₦20,000 to ₦50,000 per hectare.

In conclusion, the cost of rice farming in Nigeria can vary depending on several factors, including the size of the farm, the method used, and the inputs required. On average, the cost of rice farming per hectare can range from ₦275,000 to ₦665,000. However, with proper planning and management, rice farming can be profitable in Nigeria.


1.0. Industry Overview

It is well-known that rice farming is an important factor in any economy. The capital-intensive produce requires a large land rental rate average. The annual growth of rice has increased to about eight per cent. This is due to diet changes, increase in population and urbanization. Rice has become the most common staple food in Nigerian homes.

Yearly, about 7.8 million tonnes of rice is consumed by Nigerians. Out of which about 5 million tonnes are produced by local farmers for personal consumption. In recent times, over N4 Billion Naira is spent yearly on importing the remaining 3.8 million tonnes of rice because of the high demand for rice that local production cannot meet. These facts have put Nigeria as the world’s largest importer of rice, proving that there is not just a great demand and opportunity for entrepreneurs and businesses in the rice business but also a ready market.

The never-ending opportunities in the rice business will encourage the youths of the business prospects in farming, processing, sales, and distribution of rice. Rice mills can also be constructed – rice processing equipment is business in the rice industry.

2.0. Executive Summary

Frannies Farm Enterprise is known for crop and animal farming, processing, and supply. Situated at Iseyin, Oyo State, our market research and projections have aided in procuring suitable farmland for our large scale commercial rice farming.

Our well sought-out large-scale rice farming will accommodate commercial rice cultivation, processing, and packaging. With a standard that can be looked up to, we would provide both organic and non-organic commercial rice farming.

Processes that have been tested are in place to facilitate the processing and packaging of rice within the first four years, this will then be supplied to the Nigerian market. To ensure that we do not run out of rice to compete in the market, we have purchased 10 acres of ideal farming land. We would get appropriate farming equipment and experience hire that would help build the vision that we have – to portray the perfect picture of 21st-century commercial rice farming, processing and packaging organization.

Investing in commercial rice farming for us is a way to contribute our quota into the ever-growing Nigeria economy as well as the latch on the vast opportunities the rice industry offers while serving Nigerians with their number one staple food.

Frannies Farm Enterprise looks forward to being the foremost commercial rice business in Nigeria. This is why we work with a team of experts and we have put in place practices that will aid our vision.

How To Download The Rice Production Business Plan Template

Above is a part of the rice production business plan template in Nigerian. In case you need the complete business plan, follow the procedures to download it.

Pay the sum of N8000 (Eight thousand naira only) to the account detail below:
Bank: GTBank
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Ac/No: 0238933625
Type: Saving

Thereafter, send us your email address through text message to +234 701 754 2853The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the rice farming business plan in Nigeria to your email address where you can easily download it.

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Mas'ud Ibrahim Tulu October 26, 2023 - 9:52 am

The article appears to be rich except that I could not download it. I am particular about the Business plan and finacial analysis

Demi November 8, 2023 - 12:28 pm

WHATSAPP/Call/message +234 701 754 2853 or SEND A MAIL TO for inquiries.

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