Are you going to start a fly farm? here is a complete sample of a fly breeding business plan template that you can use for FREE .
Ok, so we’ve covered all the requirements for starting a fly breeding business. We also took it a step further by analyzing and writing a sample fly breeding marketing plan template, supported by actionable guerrilla marketing ideas for home improvement companies. So let’s move on to the business planning section .
Why start a fly breeding business?
Did you know that larvae can only be grown on farms? like earthworm, snail, pig and other breeding classes you know ? The breeding of maggots remains the same today, as it has grown from its primitive stage, when it was only an occupation and a hobby, to what it is today – a domain of activity.
With the high cost of animal feed, the growth of larvae begins to become a successful business. The larvae come from flies. When flies lay their eggs, the eggs go through several stages before turning into flies. One of the stages is the larval stage. You can use the larva to feed fish, ducks, pigs, free-range chickens, and other animals. In fact, the larvae can be a good and suitable substitute for soybeans, which is the main ingredient in animal feed.
To grow the larva, you need cheap and maybe free items like dung, kitchen scraps, sawdust or rice husks, etc. First, mix the rice husks with manure (chicken droppings) in a bowl and add enough water to wet it. but not wet. The next step is to mix well and place any cooking scraps in this mixture to attract a lot of flies. You can use soup, fruit, or anything that will attract a lot of flies.
Every business has rules and guidelines that must be followed to be successful. The same principles apply when you want to start raising a maggot. So, if you want to do this kind of business, you need to arm yourself with the basic knowledge of fly breeding.
Starting a fly breeding business comes with some challenges, but that doesn’t exclude it from being a truly successful and profitable business. An aspiring entrepreneur can start a small or large scale larval rearing business, depending on their financial situation and the availability of a market in the chosen location.
If you decide to go into farming, you need to do extensive feasibility studies as well as market research. This will allow you to find the right business in a good location and then get started. A business plan is another very important business document that you should not take for granted when starting your business.
Below is a sample fly breeding business plan template that can help you write your plan successfully with little to no difficulty. …
Example of a larval breeder business plan template
- Industry overview
The larvae are key players in organic farming; they are used to feed organically farmed animals and birds. They are used to feed fish, ducks, pigs, free-range chickens, birds and other animals. A wide variety of larvae can be used, including the black soldier fly as well as various other types of flies. Due to its availability and ease of access, fly species native to the larval rearing area are often used.
The fly breeding industry is indeed a fast growing industry which is quite active in countries like the United States. America, Nigeria, Republic of Benin, Australia, New Zealand, Japan, China, Greece, Portugal and Canada, etc. There is not a single larval breeding company that dominates the market; therefore, small hopper operations can benefit from it. Statistics indicate that the larvae are sold all over the world; the market is really impressive.
When it comes to fly breeding, one thing is for sure: if you are able to do your market research and feasibility studies, you probably won’t have a hard time selling your fly because there is always from farms and fishermen who are ready to buy from you.
There are few barriers to entry into a fly breeding business. Usually all input data is readily available. In the near future, players in this industry may face the highest costs associated with accessing technology, especially with regard to the development of genetic modifications during larval reproduction.
A summary of a business plan for the growth of a larva
Lawrence Jamborees® Maggot Farms, Inc. is a licensed commercial agricultural company specializing in larval rearing based in the suburb of Little Rock, Arkansas, USA. We carried out detailed market research and feasibility study and succeeded in securing 2 hectares of suitable wet farmland to start our fly breeding business. Our fly breeding business will be standard, so we will be selling maggots to farmers and fishermen outside of Little Rock Arkansas.
At Lawrence Jamborees® Maggot Farms, Inc. we will participate in the cultivation. larvae, and for the first five years after the official launch of Lawrence Jamborees® Maggot Farms, Inc. we will be launching our larval packing plant and also begin exporting packed larvae to other parts of the world.
That is why, in addition to the fact that we have received the necessary land and most of the agricultural equipment and machinery, we have also hired key employees who are currently being trained to match the ideal 21 st
We are in the grub agriculture business because we want to take advantage of the vast opportunities available in the agriculture industry to help grow the US economy. , and export the larvae from the United States to other countries and make a profit.
Lawrence Jamborees® Maggot Farms, Inc. We are well positioned to become one of the leading hopper farms in the United States of America, so we were able to find the best hands and machines to do business. We have developed strategies to help us apply best practices in growing, handling and packaging maggots as required by regulatory authorities in the United States of America.
Lawrence Jamborees® Maggot Farms, Inc. is a registered private commercial farming company owned by Lawrence Jamboris and his immediate family. Lawrence Jamboris graduated in Soil Science from the University of Arkansas with over 8 years of experience in some of the major agricultural research centers and organic farms in the United States of America.
- Our products
Lawrence Jamborees® Maggot Farms, Inc. Is a fly breeding company that will be involved in the cultivation of various types of maggots for the US market. and the world market. We will also make sure to operate a standard fly packing factory as part of our free business.
We are farming for profit and we will do everything permitted by law in the United States of America to achieve our business purpose and objective. These are the areas we will be focusing on on our worm farms and if the need arises we will definitely add more agricultural products to our list;
- Cultivate various types of larvae
- Packaging of larvae for export, especially for deep sea fishermen and free-range chicken farmers
- Related training, advisory and consultancy services
Our vision is to become one of the top 3 larval farms not only in the United States of America, but also globally.
- Our mission statement
We are going to be the standard for how world class fly farms are launched not only in Little Rock, Arkansas, but across the United States. We want our well-wrapped larvae to flood every corner of the United States of America and the rest of the world.
- Our corporate structure
Lawrence Jamborees® Maggot Farms, Inc. Is a company designed to compete favorably with other leading robots in the industry. That’s why we’ll create the right structure that will support the kind of growth we had in mind when starting the business.
At Lawrence Jamborees® Maggot Farms, Inc. we’ll make sure we hire skilled, hardworking, creative, customer-focused, and willing people to work to help us build a successful business that benefits all stakeholders.
In fact, the incentive agreement will be available to all of our senior management employees and will be based on their performance for five years or more, as agreed by the board of directors of the company. In view of the above, we have decided to hire qualified and competent professionals to fill the following positions:
- general manager of the farm
- Administrator / accountant
- fly farm workers
- Head of Sales and Marketing
Roles and responsibilities
Managing Director Managing Director:
- Improves management efficiency by recruiting, selecting, targeting, teaching, learning, consulting and disciplining managers; transfer values, strategies and goals; distribution of responsibilities; planning, monitoring and evaluation of work results; develop incentives; climate development to provide information and opinions; provide educational opportunities
- Creates, communicates and implements the vision, mission and general direction of the organization, i.e. guiding the development and implementation of the overall strategy of the organization
- Responsible for pricing and signing trade agreements
- Responsible for business management
- Responsible for signing checks and documents on behalf of the company
- Measures the success of the organization
- Responsible for the planning, management and coordination of all agricultural activities in various sections on behalf of the organization.
- Control another section manager
- Ensures that requirements are met during project execution
- Provides advice on farm management in all sections
- Responsible for risk assessment
- Uses computer systems and software to track people and larval growth progress
- Responsible for controlling the accounting, calculation and sale of agricultural products after harvest.
- Interests organizations to meet different stakeholders
- Ensures the achievement of agricultural objectives, the use of the most efficient resources (labor, equipment, tools and chemicals, etc.) and the satisfaction of the various interests involved. Responsible for the preparation of financial statements, organizational budgets and financial statements
- Responsible for overseeing the smooth running of HR and administrative tasks of the organization
- Manages all the financial transactions of the company
- Identifies the jobs to be recruited and manages the interview process
- Provide staff input to new team members
- Responsible for training, evaluation and evaluation of employees
- Supervises daily farming activities in different farming sections
Administrator / accountant
- Responsible for monitoring the proper execution of staff and administrative tasks in the organization
- Identifies positions for recruiting and managing the interview process
- Provide staff input to new team members
- Responsible for training, evaluation and evaluation of employees
- Responsible for the preparation of the financial statements, budgets and financial statements of the organization
- Responsible for financial forecasts and risk analysis
- Responsible for the development and management of financial systems and policies
- Payroll manager
- Ensures compliance with tax laws
- Manages all financial transactions of the farm
- Serves as the farm’s internal auditor
Workers with farm larvae
- Responsible for the daily feeding of larvae
- Ensures that the water and temperature of the containers in which the larvae are kept meet the expected standard.
- Responsible for modifying contents in various larval containers
- Responsible for harvesting larvae when they need to be collected.
- Works closely with the CEO to achieve organizational goals and objectives
- Perform any other task assigned by the CEO of the farm
Head of sales and marketing
- Manages external research and coordinates all internal sources of information to retain the best customers of the organization and attract new ones
- Demographic information models and analysis of transaction data volumes generated by customer purchases
- Identifies, prioritizes and reaches new partners and business opportunities
- Responsible for overseeing the implementation, advocating for client needs and communicating with clients
- Develops, implements and evaluates new plans to increase sales growth
- Documents all contacts and customer information
- Represent the company at strategic meetings
- Helps increase sales and business growth
Front desk agent / customer service
- greets customers and visitors by greeting them in person or by telephone; respond to requests or send requests
- Ensures that all customer contacts (email, built-in hub, SMS or phone) provide the customer with a personalized customer service experience of the highest level
- Through interaction with customers over the phone, he seizes every opportunity to interest the customer in the company’s products.
- Manages administrative responsibilities assigned to the Director of Human Resources in an efficient and timely manner
- Keep an eye out for any new information on organizations’ products, advertising campaigns, etc. to make sure that you provide accurate and useful information to potential customers when they make requests.
- receives packages / documents for business
- distributes mail in the organization
- performs all other tasks assigned by the supervisor
SWOT Analysis of Fly Farming Business Plan
Lawrence Jamborees® Maggot Farms, Inc. are not going to go through trial and error, so proper SWOT analysis should be performed. We know that if we do this from the start, we could create a foundation that will help us build a standard fly farm that will compete favorably with the major fly farms in the United States of America and the rest of the world.
We are well aware that there are several larvae of large, medium and small farms all over Little Rock, Arkansas, and even in the same place where we are going to find ours, so we go through the proper business start-up process.
We know that if the right SWOT analysis is performed for our business, we can position our business to maximize our capabilities, take advantage of the opportunities we have, reduce our risks, and be well prepared to counter our threats.
Lawrence Jamborees® Maggot Farms, Inc. enlisted the services of a human resources expert and business analysts with an agriculture bias to help us conduct a thorough SWOT analysis and help us create a business model that will help us achieve our goals and objectives.
Here is a summary of the results of a SWOT analysis conducted on behalf of Lawrence Jamborees® Maggot Farms, Inc .;
Our strength as a fly breeding business is that we have good relationships with many big players (organic farmers, fishermen and others who depend on a daily supply of maggots) in American agriculture. We have some of the latest larval rearing machines, tools and equipment to help us grow different types of larvae in commercial quantities with less stress.
In addition to our relationship (network) and our equipment, we can boast with confidence. start and grow a business as soon as possible.
Our weakness is that we are a new fly breeding company in the United States; It may take some time for our organization to enter the market and gain recognition, especially in international markets, in the fast growing and highly competitive fly farming industry. Another downside is that we may not have the funds to promote our business the way we would like.
The opportunities before us cannot be quantified, we know that a large number of organic farmers and fishermen depend on a daily supply of maggots. We are ready to use any opportunity available in the industry.
Like any other business One of the biggest threats we are likely to face is the economic downturn. It is a fact that an economic downturn affects purchasing power / purchasing power. Another threat we might face is the emergence of a new fly farm in the same location where our target market exists and which might want to adopt the same business model as us.
MARKET ANALYSIS ANALYSIS of the business plan for the growth of larvae
- Market trends
Close observation of the evolution of the fly breeding sector shows that industry operators are actively using the healthy food (especially organic) campaign to promote their products. larvae. Despite the fact that organic food is expensive, its sales are increasing and they are indeed profitable.
Income from the fly breeding line would have maintained positive growth. This is due to the fact that in recent years more and more people are turning to healthy food and consumption of organic products, resulting in high demand.
One of the general trends in the maggot business is that most of the industry players are no longer just focusing on selling maggots in their area. It is now easier for them to rear different types of larvae, then pack them properly and ship them to markets outside their base of operations, especially deep-sea fishermen and free-range poultry farms. .
Our target market
Naturally, all end users of the fly, as well as those who benefit from the commercial value chain in the fly breeding industry,
As such, we position our Maggot agriculture business to service (supply) a wide variety of organic farms and other retail outlets in Little Rock Arkansas and other key cities in the United States of America and the United States of America. Canada.
We have done our market research and we have some ideas about what our target market expects from us. We sell our larvae to the following groups of people and companies:
- Organic farmers who depend on a steady supply of maggots
- Owners of free-range poultry and other poultry
- Breeders of animals such as ducks, frogs, moles, lizards and small insects, etc. who need the larva as food for their animals
- Fishermen looking for larvae as bait for fish
- Laboratories and research centers using larvae
Our competitive advantage
A closer look at the maggot breeding industry shows that the market has become much more competitive over the past decade. In fact, you have to be very creative, customer oriented and proactive if you are to survive in this industry. We are aware of the fierce competition and are prepared to compete favorably with other Little Rock Arkansas hopper farms.
Lawrence Jamborees® Maggot Farms, Inc. is fully aware that there are competitions when it comes to selling different types of maggots around the world, so we decided to do a thorough research on how to take advantage of the market available in the United States and other parts of the world.
We did our homework and were able to identify some of the factors that will give us a competitive advantage in the market; Some of the factors are efficient and reliable larval rearing processes, which can help us sell our products competitively, with good network and excellent relationship management.
Our competitive advantage lies in the strength of our team; our workforce. We have a team of hardworking and highly professional fly farmers, a team with excellent qualifications and experience in fly breeding. In addition to the synergies that exist among our carefully selected team members, we have some of the latest and most efficient agricultural equipment and machinery, and we will be guided by industry best practices.
Another competitive advantage we bring to the industry is that we have designed our business in such a way that we will operate standard one-stop-shop worm farms that will pack a wide variety of grubs for the local and international market. This will allow us to take advantage of all the opportunities available in the industry.
Finally, all of our employees will be taken care of and their benefits will be among the best in our class in the industry. This will allow them to be more than ready to build a business with us and help them achieve their goals and all of our business goals and objectives.
Fly breeding business plan and marketing strategy
We understand that the reason some fly farms do not generate good returns is that they are unable to sell their agricultural products on time. Therefore, we decided to create a standard packing factory for the larvae and grow food for our larvae. It will really help us to maximize our profits.
Our sales and marketing team will be recruited on the basis of their extensive experience in the moulting and organic farming industry, and they will receive regular training to be well prepared to achieve stated goals and business objective. Global of Lawrence Jamborees® Maggot Farms, Inc.
Our goal is to grow Lawrence Jamborees® Maggot Farms, Inc. to become one of America’s premier farms. America, so we have strategized to help us take advantage of the market and become a major force to be reckoned with not only in Little Rock, Arkansas, but other cities in the United States of America.
In addition, we first refined our sales and marketing strategies by establishing contacts with agricultural traders and companies that could become our customers. In short, Lawrence Jamboris Maggot Farms, Inc. will adopt the following marketing strategies for our different fly species:
- Introduce our business by sending cover letters with our brochure to interested parties such as organic farmers who depend on a steady supply of maggots, aquarium owners who need larvae to feed their fish or other sea creatures in their aquariums, breeders of animals such as ducks, frogs, moles, lizards and small insects, etc., who need larvae as food for their animals, fishermen who need larvae as bait for fish, poultry farm owners, outdoor laboratories and research centers that use larvae in and around Little Rock – Arkansas
- Promote our business in organic farming magazines and websites
- List our growing business on the yellow pages
- Participate in agricultural and food exhibitions, seminars and trade shows, etc.
- Use internet resources to promote our business
- Dealing with the direct market
- Encourage the use of word of mouth marketing (referrals)
Source of income
Lawrence Jamboris® Maggot Farms, Inc. works in agriculture with the goal of maximizing profits, so we decided to explore all the opportunities available in the industry to achieve our business goals and objectives. Basically, we’re not going to rely solely on selling our different types of maggots to generate business income.
Here are the sources we intend to seek to generate income for Lawrence Jamboris® Maggot Farms, Inc .;
- Cultivate various types of larvae
- Pack various types of maggots and send them to fishermen and farmers outside of Little Rock Arkansas
- Associated services for training, advice and advice
From our survey, we could see that the volume of sales produced by a farm larva depends on the size of the farm and the location of the farm.
We have refined our sales and marketing strategies and are very optimistic that we will meet or even exceed our stated sales target of generating sufficient revenue / profit in the first year and moving the business from survival to sustainability. .
We were able to critically examine the fly industry, we analyzed our chances in this industry and we were able to establish the following sales forecasts.
- First year-: $ 200,000
- Second year-: $ 500,000
- Third year: $ 800,000
Note . This projection was made on the basis of what is available in the industry and assuming that there will not be a major economic downturn that could negatively impact household spending, inclement weather, natural disasters and adverse government policies. the above forecast may be lower and at the same time may be higher.
- Our pricing strategy
Some of the factors that will help you sell agricultural products at a fair price and ensuring a profit depend on your strategy, while some factors are beyond your control. For example, if the climatic conditions are unfavorable and natural disasters occur in the area where your commercial farm is located, it will directly affect the prices of agricultural products.
If you want to get the right price for your agricultural products, you need to make sure you choose a good location, choose a good breed that will guarantee a bountiful harvest, keep your farming costs to a minimum and, of course, try to attract as many buyers as possible. … Your farm rather than putting your agricultural products on the market as a source for buyers.
We are well aware that one of the easiest ways to enter the market and attract customers for all of our different types of maggots is to sell them competitively, so we will do our best to ensure that the price of our larvae is what other maggot farmers would want. beat.
One thing is certain: the nature of the fly breeding business allows farmers to set prices for their agricultural products (maggots) on a discretionary basis, without following industry benchmarks. The truth is, this is one way to avoid losses. The easier you sell your crop, the better for your business.
- payment methods
Payment Policy Adopted by Lawrence Jamborees® Maggot Farms, Inc. understands everything, as we are well aware that different customers prefer different payment methods as they see fit, but at the same time we will ensure that the financial rules and regulations of United States of America are respected.
Here are the payment options that Lawrence Jamborees® Maggot Farms, Inc. will provide to its customers;
- Payment by bank transfer
- Cash payment
- Payment by credit cards / ATMs (POS Machines)
- Internet bank transfer payment
- Payment by check
- Payment by mobile money transfer
- Payment by bank transfer
In view of the above, we have chosen banking platforms that will allow our customers to make payments for the purchase of our larvae without any stress. from them. Our bank account numbers will be made available on our website and in promotional material to customers who wish to deposit money or make an online transfer for our robots.
Maggot Farming Business Plan for Promotional Advertising Strategy
Any business that wants to grow around the corner or in the city it operates in must be ready and willing to use whatever means are available. advertise and promote your business. We intend to grow our business, so we have made plans to build our brand in any way available.
We know it is important to create strategies that will help us build brand awareness and create a corporate identity for our fly breeding business. Below are the platforms we will use to promote our fly farm brand and to promote and market our business;
- Place ads on print (newspapers and magazines) and electronic media platforms
- Sponsor relevant community events
- Use on the Internet and social networks such as Instagram, Facebook, Twitter, YouTube, Google + and others to promote our business
- Install our billboards at strategic locations around Little Rock Arkansas
- From time to time take part in roadshows in targeted areas
- Distribute leaflets and flyers in targeted areas
- Contact interested parties such as organic farmers who depend on a regular supply of maggots, aquarium owners who need larvae to feed their fish or other sea creatures in their aquariums, owners of outdoor poultry , breeders of animals such as ducks, frogs, moles, lizards and small insects and others who need larvae as food for their animals, fishermen who need larvae as bait for fish, laboratories and research centers who use larvae in and around Little Rock by calling and educating them about Lawrence Jamboree® Maggot Farms, Inc. and the different types of larvae we sell
- List our fly farm in local directories
- Promote our fly farm on our official site and apply strategies that will help us drive traffic to the site
- Make sure that all of our employees wear our branded shirts and that all of our vehicles and trucks are well branded with our company logo and others.
Financial Forecast and Cost of Fly Farming Business Plan
When it comes to calculating the cost of starting a fly farm, there are some key factors that should serve as a guide. The capacity of the farm determines the total cost of starting a business. Here are some of the main areas where we will be spending our start-up capital to build our fly farm;
- Total Business Registration Fee (Maggot Farm) in the United States of America $ 750
- Budget for major insurance policies, permits and business licenses $ 2,500
- Amount required to purchase / lease suitable wetland farmland $ 20,000
- the amount needed to prepare the farmland (installation of various containers for larva reproduction, enclosure and fences, etc.) $ 30,000
- The cost of purchasing the necessary tools and work equipment – $ 50,000
- Amount required to purchase the required resources $ 2,000
- The cost of launching an official website is $ 600
- Amount required to pay employees for 3 months $ 30,000
- Additional costs (business cards, signs, advertising and promotions, etc.) $ 2,000
Based on a detailed research report and feasibility studies, it would take us on average $ 100,000 to start a standard fly breeding business in the United States of America.
Fundraising / Seed Capital Creation for Lawrence Jamborees® Maggot Farms, Inc.
As great as your business idea is, if you don’t have the money you need to fund the business, the business may not be a reality. Funding is a very important factor when it comes to setting up a standard fly farm.
Lawrence Jamborees® Maggot Farms, Inc. is a private, registered business owned and funded exclusively by Lawrence Jamboris and members of his immediate family. They have no plans to host an outside business partner, so he decided to limit his use of start-up capital to three main sources.
- Receive part of the start-up capital from personal savings and sell your shares
- Generate some of the start-up capital from friends and other extended family members
- Generate most of the bank’s start-up capital (line of credit)
Note: . We were able to get about $ 20,000 ( personal savings of $ 15,000 and a low rate loan). family members ($ 5,000 ), and we are in the final stages of securing an $ 80,000 loan from our bank. All documents and documents have been duly signed and submitted, the loan has been approved and at all times our account will now be credited.
MAGGOT FARMING BUSINESS GROWTH: sustainable development and expansion strategy
One of our primary goals – to start production at Lawrence Jamborees® Maggot Farms, Inc. – is to create a business that will survive on its own cash flow, without using external funds after the business is officially launched. We know that one way to get approval and gain customers is to sell our maggots for a little less than what is available in the market, and we are well prepared to survive on lower margins for a while. .
Lawrence Jamborees® Maggot Farms, Inc. will ensure that the proper foundations, structures and processes are in place to ensure the well-being of our staff. Our corporate culture aims to move our business forward, and training and retraining our workforce is at the top of our business strategy.
In fact, a profit sharing agreement will be provided to all of our senior executives, and it will depend on their performance for three years or more, as determined by the board of directors of the organization. We know that if this happens, we can successfully hire and hold the best hands we can get in the industry, and they will be more committed to building our dream business.
Checklist / step
- Company name availability check: complete
- Business registration: complete
- Opening of corporate bank accounts with various US banks: complete
- Opening of online payment platforms: completed
- Request for tax identification and receipt: in progress
- Application for business license and permit: Completed
- Acquisition of all forms of business insurance: Completed
- Lease of suitable wetland agricultural land in Little Rock, Arkansas: completed
- Feasibility study: completed
- Creation of seed capital: complete
- Writing a business plan: finished
- Compilation of employee handbook: complete
- Company logo creation: Done
- Graphic design and printing on packaging, marketing and promotional material: Completed
- Recruitment: in progress
- Purchase of necessary work tools, machinery and equipment: Completed
- Creation of an official website for the company: In progress
- Strengthening of corporate awareness (Business PR): in progress
- Agreement on the treatment, health and safety of agricultural land: ongoing
- Establishment of business relationships with major industry players: completed