Photo - Pimarema Farms Pty Ltd
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Pimarema Farms Pty Ltd

Startup Mixed Farming Enterprise

South Africa
Market: Farming
Stage of the project: Idea or something is already done

Date of last change: 05.06.2023
Min amount of loan
$  400.000
Estimated yield
10 % a year
Go to the owner's profile
6
Total required
$ 500.000
Rating
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Also this project:
- is looking for investment
 

Idea

I want to farm with cash crops, and livestock such as cattle, sheep, pigs, chickens, freshwater fish, microgreens, and mushrooms.

Current Status

Currently, we signed a lease agreement with the owner of a farm and started to clean the bushes to start the farming operations. We are in the process to implement more unemployed workers from the rural community and to start farming operations.

Market

Our target market will be the informal sector in the rural areas and also the tourism industry as we are situated in the wildlife area.

Problem or Opportunity

We need more finances to buy the necessary tractors, implements, vehicles, livestock, seeds, and machinery, pay wages and salaries, and proceed with the farming operations to reach possible targets.

Competitors

There are not many competitors in the area of microgreens, mushroom farming, and good quality livestock supply in this area. The microgreen industry is relatively new to this area and mushroom farming will also be the sole provider.

Advantages or differentiators

We will be the sole supplier of microgreens, mushrooms, and other fresh products to the tourism target in our area. There will be small competitors for some of the livestock that we plan to farm with.

Finance

We foresee that our target markets will accept our products as good quality products are scares and that we will be the sole providers is some of the products, where no competitors are providing the same products.

Loan terms

60 months

Interest rate, %

10

Business model

The farming enterprise is already registered as a company. A Pty Ltd is been registered and we are also registered with the receiver of revenue in our country. We also comply with the rules set out in the industry.

Solution (product or service)

With more finances, we can do more and buy the principal equipment that is needed. We also need to obtain the necessary equipment urgently to ensure the smooth running of the farming enterprise.

Team or Management

Risks

Without the necessary finances, the company will not fulfill the required targets set out by management. The possibility of unforeseen nature catastrophes such as drought, lack of rain and water, and other problems can be seen as a risk.

Incubation/Acceleration programs accomplishment

No other applications were made for startup funds. We already used some of our own money that we borrowed from the company to get off the ground.

Won the competition and other awards

None.

Photos

Photo 1 - Startup Mixed Farming Enterprise
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation