by Demi

Looking for a Soybean farming Business plan in Nigeria for your new or existing enterprise?

Download this soybean cultivation Business plan sample, which you can download to present to NIRSAL, BOI, BOA, and other investors.


1.0. Executive Summary

Tom Soybean Farms is a commercial farm that will be based in Ilorin, Kwara State that will be involved in both commercial soybean cultivation and soybean processing and packaging. we were able to secure suitable farmland to start our commercial soybean farm and we have done our detailed market research and feasibility studies.

We have put plans in place that will help us launch a standard soybean processing plant within the first five years of officially running Tom Soybean Farms. We will process and package soybean meal, soybean oil and soybean hull et al and ensure that they flood the market.

We have put processes and strategies in place to employ best practices when it comes to soybean farming processes and soybean meal, soybean oil and soybean hull processing and packaging.

Tom Soybean Farms is owned and financed by Mr Tomiwa Olatunji and his immediate family members. Before starting Tom Soybean Farms, Tomiwa Olatunji has worked with some of the leading commercial farms and food processing plants in Nigeria; he has a degree (B.Sc.) in Agriculture Science from the University of Ilorin.

2.0.Our Products and Services

Tom Soybean Farms is a world-class commercial farm that is committed to cultivating both organic and non – organic soybean for the Nigerian market, Africa market and the global market at large. We are in the industry to provide both food and raw materials for consumers and industries in commercial quantities.

These are the areas we will concentrate on in our farms. If the need arises, we will cultivate related crops;

  • Cultivating soybeans
  • Operating standard soybean processing plant

3.0. Our Mission and Vision Statement

  • Our vision is to become one of the leading commercial soybean farms and soybean processing brands in Nigeria and across the world.
  • Tom Soybean Farms is a world-class soybean farm that cultivates soybean in commercial quantities for both the Nigerian market and the international market.
  • We want to flood Nigeria and other countries of the world with our well–packaged soybean meal, soybean oil, soybean hull, and biofuel et al

4.0. Our Business Structure

Tom Soybean Farms intends to start small in Ilorin but hopes to grow big to compete favourably with leading commercial soybean farms in Nigeria. We are aware of the significance of building a solid business structure that can support the kind of world-class business we want to own.

We will ensure that we hire people that are qualified, competent, hardworking, dedicated, customer-centric and are ready to work to help us build a flourishing business that will benefit all the stakeholders.

Given the above, we have decided to employ qualified and competent hands to occupy the following positions;

  • Chief Operating Officer
  • General Farm Manager
  • Administrator/Accountant
  • Soybean Cultivation Manager/Supervisor
  • Soybean Processing and Packaging Plant Manager
  • Sales and Marketing Executive
  • Field Employees



Our strength is that we have some of the latest commercial farming machines, tools and soybean processing equipment that will help us cultivate soybean in commercial quantities with less stress and our healthy network with a load of major players in the commercial farms’ industry.

Aside from our relationship (network) and equipment, we have some of the most experienced hands in Ilorin as our staff.


Our weakness could be that we are a new soybean farm in Nigeria, and possibly the fact that we decided to diversify our farming activities could score against us initially. With our projection, we will overcome this weakness with time and turn it into an advantage for the business.


Organic chemical manufacturers produce biodiesel from soybean oil and other vegetable oils. Increases in demand for soybean oil result in higher supply and demand from oilseed processors and, ultimately, higher prices. The expectation is that the demand from organic chemical manufacturing will increase in the coming year, presenting a potential opportunity for the industry.


Just like every other business, government policy stands as a threat to soybean farmers. Subsidies for soybean farming are expected to decrease in the coming year, posing a potential threat to the industry.

Our Target Market

The consumers of soybean and production companies that make use of both the food and raw materials of soybeans in commercial quantities are our target market.

We will be exporting some of our soybeans, soybean seeds and soybean meal, soybean oil, soybean hull and biofuel et al. to ensure that we position our business to attract consumers from Nigeria and other parts of the world.

Want to get the complete soybean farming business plan?

How To Download SoyBean Business plan Template PDF and Doc (With financial analysis)

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 I am real and you can trust me, and trace me)
Ac/No: 0238933625
Type: Saving

P.S: We can also tailor the soybean farming Business plan to your name, business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for inquiries.

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Mumba Mubanga March 17, 2022 - 4:49 pm

I need a copy.

Mumba Mubanga March 17, 2022 - 4:51 pm

Do you have a whatsapp contact.

Demi September 22, 2022 - 11:12 pm

Yes we do…+234 701 754 2853

liston willerd July 14, 2022 - 5:35 am

soybean farming business plan

Kassahun Mekonnen Amanie August 24, 2022 - 7:28 am

please send me the pdf

BROWN Harrison August 22, 2023 - 1:43 pm

I need a copy of this soybeans proposal please

Demi November 8, 2023 - 12:30 pm

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


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