Produce Farm Business Plan Sample

Added on - 16 May 2020

SWOT Analysis of iFarms

This report is on "SWOT analysis of iFarms". Farm technology aims at being a trusted venture that farmers recognize as a unique and reliable way of hearing and seeing where the animals are and what they are doing in real-time within the farm environment. The founder of iFarm is known as Bob Robinson. We will discuss here the market feasibility, iFarm technology ethics, target analysis, objectives of a competitive analysis, techniques for the analysis of the competition, make a strategic analysis of the market, human resource feasibility, operational and technical feasibility.

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Business PlanName:CourseProfessor’s nameUniversity nameCity, StateDate of submissionPage1
Executive SummaryThis is a business plan iFarm company limited. iFarm , provides individualized yet bespokeservices to individual farmers in Australia to help them in monitoring their herd of cattle’swhen in the farm. It is a device that has even an application to suit the need of each farm. Thisis an idea conceived by farmers in need of better monitoring of their farms while they attendto other matters. It effectively builds a system of accountability and transparency in farms thathave large numbers of animals to feed, and manage. It is the only application with live videostreams and audio as communication mechanisms for ranch owners and farm managers. It is anew and innovative service that has moved through the design with minimum viable stage anda lean start ready for the Australian large market.Page2
Table of contentExecutive Summary...............................................................................................................................2Table of content......................................................................................................................................3What’s iFarm App all about?.................................................................................................................4Mission Statement..............................................................................................................................4Founder..............................................................................................................................................4How does iFarm Technology work?...................................................................................................5iFarms Technology Ethics..................................................................................................................5Market Feasibility..................................................................................................................................6Study of the viability of your business...............................................................................................6Target Analysis..................................................................................................................................7Objectives of a competitive analysis..................................................................................................8Techniques for the analysis of the competition..................................................................................8Make a strategic analysis of the market..............................................................................................8SWOT analysis...................................................................................................................................9Human resource feasibility...................................................................................................................10Key personnel...................................................................................................................................11Recruitment options.........................................................................................................................12Training programs............................................................................................................................12Operational and technical feasibility....................................................................................................13Production........................................................................................................................................13Distribution......................................................................................................................................13Legislation........................................................................................................................................13Operations........................................................................................................................................13Financial feasibility..............................................................................................................................14Profit and loss forecast.....................................................................................................................15References............................................................................................................................................17Page3
4What’s iFarm App all about?Mission StatementiFarm technology aims at being a trusted venture that farmers recognise as a unique and reliableway of hearing and seeing where the animals are and what they are doing in real time within thefarm environment.FounderThe founder of iFarm is known as Bob Robinson. He conceived the idea after working withdifferent farm managers who always gave conflicting reports aboutthe animals and the output orwhere they were. He has had two fire and hire a lot of farm managers with integrity issues andtherefore decided to invent a farm application tool that monitors his herd. As one of the biggestranchers in Northern Australia, Bob keeps both beef and dairy cows in his expansive estate withmore than 50 workers. He wished there was a way to keep in touch with the business managerswhile giving instructions on what should be done if a decision need to be done. For example if acow falls sick and collapses, as a certified veterinary officer he can instruct the farm managers onwhat to do while viewing the proceedings live on the camera(Abrams, n.d.).Bob knew it wasn’tas good as being there in person, however his invention was the next big thing. Being able to seehis farm animals and see the progress in the day to day running of the business was an actualpossibility. It would just require a camera to be placed somewhere above the ground overlookingall the farm. It turns on a 360 degrees rotational basis and can be zoomed in and out focusing ona particular point on the phone.The camera can be located at every corner of the firm and at thecentral position on a need be basis(How to Prepare a Business Plan, 2011). The shift in
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Operational and Technical Feasibility of iFarms

From the above report "operational and technical feasibility of iFarms", we conclude that as we seek to give our customers the highest quality manufacture of the devices, we plan to do the development in-house, and also the monitoring devices will be produced locally. The resources required for updating and maintaining the technology will be sourced from partners and financial institutions. I farm will be the wholesaler taking the product to major stores in the country as well as Agro vets where farmers can easily access them. The government has always aimed to support farmers by formulating legislation that supports this industry. Therefore, we shall be lobbying different stakeholders in the country including parliamentarians to formulate laws that support our business. We are committed to providing the best quality gadgets to our farmers. Operations Information sharing will be important so that we can show farmers the best industry standard.