Task 2. Farm proposal

Task: Proposal for a new farm enterprise.

"Most people believe that farming is quite a simple job and for this reason, they often underestimate farmers. However, farming is a very complex activity that demands a lot of hard work and proper management. Everyone can grow crops. Still, not everyone can be a successful farm manager.

Being a successful farm manager means producing optimal yield and quality crops, while at the same time making a profit and managing farm sustainably. This is something every farmer strives to, whether managing a serious farm business or small family farm production."

- Ines Marjanovic, Agronomy Expert (Agrivi)

You have decided to start a new farm.

You need to apply for a loan of $1.5 million to get started and the bank has asked to see your farm proposal before they agree to lend you the money. They have asked you to answer nine important questions about your farm idea so that they can see how serious you are and whether this is a commercial enterprise worth backing.

Here are the questions from the bank:

  1. Proposal introduction

    A statement outlining the type of agricultural enterprise (farm business) are you proposing? Why did you choose this venture?

  2. Location

    Where are you planning to open your enterprise? (include at least one map and satellite photo)
    Go to google maps and search for a property that would be suitable for the livestock or crop that you have chosen. Insert an image of the map in satellite view in your proposal.

  3. Geographical Considerations

    What seasonal and climate factors I.e. temperatures and rainfall do you require for your farming enterprise.(include a weather graph)

  4. Which water sources will you use (e.g irrigation, rivers and or groundwater)

    What choices will you make for managing water on your property? Link your reasons back to the information that you have found about how to farm your livestock or crop.

  5. What type of soil is present, what type of soil is needed? (include a soil map)

    Use a soil map of the area you choose to explain why it is the best soil for your enterprise.

  6. Inputs

    Which inputs will you need (e.g. feed, fertilisers, herbicides, power, infrastructure etc.)?
    Using the information you have found about how to farm your livestock or crop, describe the resources you will need to use on your farm.

  7. Market research: What are the current prices for your product?

    Use your own research to look up market prices for your livestock or crop. Find information to show how these prices have changed over time and include it in your report.

  8. Marketing

    Customer Journey Map: Outline, via a diagram, the stages customers go through when interacting with your enterprise.