How to start an Agriculture Business in the Philippines?
Around 20% of the Philippines’s gross domestic product is generated by agriculture, forestry, and fishery, and nearly two-fifths of all jobs in the nation come from this industry.
This industry is aided by the country’s topography and general makeup. There are more than 30 million hectares of prime agricultural lands in the country. A multitude of water bodies surrounds the country. It has a tropical climate that makes it ideal for the cultivation of food crops. There are several opportunities in providing products for the home markets and in the export sector.
Visit this Page for More Information: Start a Business in Philippines
You might wonder what steps you should take to start and build a successful agribusiness in the Philippines. Then the following steps might be helpful for you to take;
Get to know what you will produce;
There is a broad array of small farm business ideas in the Philippines if you’re ready to put in the effort. Fruits and vegetables can be grown and sold at a farmers’ market. You can start an Agri supply business in the Philippines. You also can grow herbs and medicinal plants in your garden and sell them.
Read Similar Articles: Agriculture Industry
Make sure you understand your Target Market;
The Philippines has a significant demand for agricultural products, but you should be aware of the following:
- What is the location of your market?
- What is the market’s actual requirement?
- How will you deliver your products to them?
Keep in mind that if you’re selling organic products like herbs or foods, you’ll need to think about factors like shelf-life, so living too far away from your target market could be a problem.
Begin to Raise Funds;
Discover the best strategy to fund your agribusiness. Purchasing land and entering the farming/agricultural world takes a significant amount of time and money. It would be advantageous if you were able to save money for this. Even if you weren’t able to do so, you could borrow money from the bank.
Watch Video: Agriculture Processing and Value Added Products From Agro Industrial Waste.
It’s sometimes best to start small. Perhaps you already own that piece of land in the province. It’ll probably be best to start small, utilising money from your personal budget at first. There are various government bodies that provide grants to young or beginning farmers, so be sure to check them out. Their programmes provide training, discounted equipment, certification support, and other forms of aid.
The Right License should be obtained;
There are different permits required when putting up a farm in the Philippines and becoming operational. To sell, import, export, or even transfer products from farms in the Philippines, you need various permits.
To obtain your business license for agriculture, you can contact Philippine Coconut Authority (PCA) for Coconuts, Fiber Development Authority (FIDA) for Fibre, Bureau of Fisheries and Aquatic Resources (BFAR) for Fish and Aquatic Products, Bureau of Animal Industry (BAI) for Livestock, Bureau of Plant Industry (BPI) for Plants, fruits, vegetables, plants, and other crops, Sugar Regulatory Administration (SRA) for sugar-based business.
Related Feasibility Study Reports: Food Processing and Agriculture Based Projects, Snack Food, Frozen Food, Agro Processing Technology, Processed Food, Instant Food, Food Industry, Food Preservation, Canned Food, Packed Food, Ready to Eat Food, Cereal Food, Pickle, Spices, Grain Milling
Make a Marketing Strategy;
When your agribusiness is ready to operate, you will need a marketing strategy that farmers, suppliers, and other customers may use to learn more about your business. Make sure your marketing strategy is solid and well-thought-out. If not, you might not be able to build and sustain successful agribusiness in the Philippines.
Make a Plan and educate yourself on the Business side of things;
It is imperative that you have an agricultural business plan when you start any business. It’s important to keep an eye on how the market is doing. Understanding supply and demand is essential. A farm business process could involve detailed steps on how to operate one. How is the management structure organised? What type of products will you offer? What are your preferred price points? In what way will you handle logistics?
Following the ideation process, the business plan is developed. You should have a solid agricultural business plan in which all of your team can look back to keep the business running smoothly. You should have a strong foundation that keeps your business moving forward.
Watch other Informative Videos: Food Processing and Agriculture Based Projects
NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reputable brand for providing advanced strategic consultancy services. Its various services are: Pre-feasibility study, New Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Preparation of Project Profiles / Pre-Investment and Pre-Feasibility Studies, Market Surveys / Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant /Process / Equipment, General Guidance, Technical and Commercial Counseling for setting up new industrial projects.
AD_20Art21
See More Links:
Start a Business in Potential Countries for Doing Business
Best Industry for Doing Business
Business Ideas with Low, Medium & High Investment
Looking for Most Demandable Business Ideas for Startups