We hired a publicist who has developed strategies that will not only ensure that our business is thoroughly publicized and advertised but also that people understand what we stand for. Soybean oil is an important edible cooking oil globally. Our bank account numbers will be made available on our website and promotional materials. If need arises, we will definitely cultivate related crops; Fred Nathan® Soybean Farms, Inc. intends starting small in Overland Park – Kansas, but hopes to grow big in order to compete favorably with leading commercial soybean farms in the United States. We have done our detailed market research and feasibility studies and we were able to secure a suitable farm land to start our commercial soybean farm. 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For people who is going to start a mini or small soybean oil making business. Fred Nathan® Soybean Farms, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. We are aware of the importance of building a solid business structure that can support the kind of world class business we want to own. Generating Funds/Startup Capital for Fred Nathan® Soybean Farms, Inc. Fred Nathan® Soybean Farms, Inc. is owned and managed by Fred Nathan and his immediate family members. Sustainability and Expansion Strategy, Encourage the use of Word of mouth marketing. For a setting up a 5 ton/day production … Our commercial soybean farm is a going to be a standard farm hence will be involved in both commercial soybean cultivation and soybean processing and packaging. Soybean has great economic value and they can be used for the production of soybean meal, soybean oil, soybean hull and even in the production of biofuel and animal feed. Starting a soybean farming business comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture. One thing is certain when it comes to commercial soybean farming, if you are able to conduct your market research and feasibility studies before choosing a location for cultivating your soybean, you are likely not going to struggle to grow the soybean farming business and also to sell your soybean because there are always food processing companies and consumers out there who are ready to buy from you. Fred Nathan® Soybean Farms, Inc. is aware that there are competitions when it comes to selling soybean and its byproducts, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States. Operating and input costs have steadily gone up each year over the five years to 2011, but at a considerably slower pace than the average annual growth in price. Below are the sources we intend exploring to generate income for Fred Nathan® Soybean Farms, Inc.; We conducted a thorough market survey and feasibility studies and we were able to discover that the sales generated by a commercial farm depends on the size and nature of the farm. This is why aside from the fact that we’ve secured the required farming land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to be able to fit into the ideal picture of the 21st century commercial soybean farm workforce that we want to build. Below are the projections that we were able to come up with for the first three years of running Fred Nathan® Soybean Farms, Inc.; N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters, and unfavorable government policies. Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo et al. in Agriculture Science from University of Kansas. Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we will operate an all – round standard commercial soybean farm that will also include a soybean processing plant. In view of that, our prices will conform to what is obtainable in the industry but will ensure that within the first 6 to 12 months our soybean, soybean seeds and soybean meal, soybean oil, soybean hull and biofuel et al are sold a little bit below the average price in the United States of America. Mini Soybean Oil Mill Plant at Low Cost. The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400, The amount needed to acquire/lease a farm land – $50,000, The amount required for preparing the farm land – $70,000, The cost for acquiring the required working tools and equipment/machines/fencing et al – $10,000, The amount required for purchase of the first set of soybean seedlings et al – $50,000, The amount required to set up a standard soybean processing plant within the farm facility – 100,000, Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000, The cost of launching an official website – $600, The amount required for payment of workers for a period of 3 months – $60,000, Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000, Harrow (e.g. 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. Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. It is a vegetable oil. We have put process and strategies in place that will help us employ best practices when it comes to soybean farming processes and soybean meal, soybean oil and soybean hull processing and packaging as required by the regulating bodies in the United States of America. Operating standard soybean processing plant. For our online advertisement, we intend to use our website to display various products and also social media sites such as facebook, twitter and linkedIn. Also, our aim is to be known in the whole of America and not only North Carolina. In essence a soybean farmer should be able to sell his or her farm produce to as many people as possible including production companies that make use of soybean as raw materials. What is the Average Salary for Skydiving Instructors? In essence we are not going to rely only on the sale of our farm produce to generate income for the business. This set of soybean processing equipment can be cusomized based on your different needs and situation. Statistics has it that in the united states of America alone, there are about 104,687 licensed and registered soybean farms responsible for employing about 108,712 employees and the industry rakes in a whooping sum of $40 billion annually with an annual growth rate projected at -2.1 percent between 2014 and 2019. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner. Joy Nwokoro is a Freelance Business Journalist, researcher, translator and sales trainer who have worked with numerous clients amongst which is Women in World Banking, a business research NGO in New York, United States of America. leading the development and implementation of the overall organization’s strategy.

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