Goat Farming Business Plan Template

Thinking about starting a Goat Farming Business?

The business of goat farming has been gaining a lot of popularity these days. There is significant demand for goat products and they also need less investment and high profit margin in a short time period. These are known to be the main reasons behind rising popularity of business.

Being a profitable business, goat farming makes a great source of income for millions of entrepreneurs across the world. But you need to consider some important things before you venture into this business. You should determine the size of your project for goat farming, i.e. number of goats you can keep, your target market, and location like a goat farm. These choices vary by the capital you actually have in hand and size of target market.

If you don’t have many funds, don’t worry because it doesn’t need much and you can also rise with goat farming business plan. You can also grow your business overtime. When starting a goat farming business, you need to follow the best business plan of goat farming and expand your business in a short time period. You can have a great ROI with goat farming as compared to other livestock farming ventures.

Executive summary

In this section of plan of a business, you need to introduce your company and the location you are based at. You need to do a proper feasibility study and market research before you secure the land for your livestock farming.

For example, Jonas Goat Farms Ltd is a licensed and registered goat farming business involved in the commercial breeding of goats. We are specialized in breeding services, boarding services, livestock health, dairy support services, shearing services, and other services.

We have started goat farming business because we are specialized and experienced in the livestock farming industry. We are looking forward to leveraging on vast opportunities and playing our part in growing the country’s economy. We have put strategies and processes to employ best practices in goat farming/livestock breeding processes.

Company Summary

Jonas Goat Farms Ltd is a privately-owned registered livestock farming company owned by Jonas Livingston. Before starting this business, we have worked with some of the top livestock farms in the US. He has worked for around 5 years before starting his own business.

Services for Customers

Jonas Goat Farms Ltd is a licensed livestock farming venture devoted to meat processing and goat farming for both the global market and the US market. We are also going to produce raw materials for industries. We operate a food processing plant as part of our offering.

Marketing Analysis of Goat Farming Business

Here, we are going to do proper marketing analysis and we have been in existence for a long time. In order to make it possible, we need to analyze the market trends and current demand in the market.

Strategy

When it comes to start goat farming business, one of the most important things is to acquire the right breed. Goats are available in different breeds and each breed has its own uses and specifications. So, we are going to raise both regular and dairy goats to serve different purposes.

Personnel Plan

In order to raise any business, having proper staff is very important. For doing this, we are going to hire competent and skilled staff to offer our services.

Financial Plan

The company will be single-handedly and fully financed by the owner and his close family members. To meet further requirements, we need financing for the next few years. Later on, we are projecting enough profits to pay off the loan and grow at the same time.

Management of the Goat Farming Business

Goat farming management is very important part of goat farming business plan. Usually goats eat plants, grasses, weeds, shrubs and herbs. Along with these feeds, they also need proper vitamins, energy, water and fiber for overall growth. Ensuring growth for goats means ensuring growth for your business. You should have proper knowledge of what to feed them.

Customers

Basically, the target customers of Jonas Goat Farms Ltd are everyone who uses goat-based products in different ways. Our target markets are going to be householders, individuals and even manufacturers.

The Business Metrics and Targets

Most goat farming businesses couldn’t make it and fall easily because they don’t have proper goat farming business plan template. In order to make significant profits, you need to target vast market with your products.

Bank/SBA Business Plan

Document for raising debt funding from financial institutions to meet the expectations of the banks, SBA, and government agencies.

Company Summary

Goat farming is one of those businesses that a single person can handle with several yields. With that in mind, we need minimal investment and team to start up. Of course, there is a profit involved in goat raising business. The profitability usually depends on the farmer and the breed he uses for farming goats.

Company Owner

Jonas Goat Farms Ltd is going to be a goat farming business with multiple yields. The company is owned by Jonas Livingston who is looking forward to see a great profit possibility.

Why the goat farming business is being started

The owner is starting goat business for production of milk and meat. We believe that goat farming is a very profitable venture in the US. Lots of young people and unemployed youth having smaller farms can start this business without having much money.

How the goat farming business will be started

To start this business, we will need some people from the rural areas who have experience in keeping multiple goats for regular income. But we will also need a land to acquire and some startup capital.

Goat products for Customers

When starting your goat-raising business, you should be clear of what you are going to produce and offer to your customers. You can produce different products from goats like meat, fiber, milk, skin and manure.

As an example, you can produce the following products –

• Meat – These days, goat meat has significant demand across the world. This rate is increasing significantly. According to a report, more than 70% of meat is consumed globally from the goat.
• Milk – Goat milk has a lot of vital nutrients and is easy to digest. Hence, there is a great demand in both local and global market. Goat milk is best suited to make different types of dairy products.
• Fiber – You can also produce fiber from breeds like Angora and Cashmere goats as they produce high quality of fiber.
• Manure – Some of the crop farmers use manure of goats in the field. It serves as an organic fertilizer. It can help you earn some money by selling goat manure.
• Skin – You can produce skin from all goat breeds. But there are few breeds which produce quality skin.

Marketing Analysis for Goat Farming Business

Market analyst

Consider the current market demand for goat-based products and goat milk when doing market research. You need to figure out the demand for goats and goat milk and your ability to sell. Be sure to talk to other farmers in the market to approach buyers. You can also visit several eCommerce sites, agricultural forums, and product websites to find buyers online.

Market Trends

A lot of goat farmers focus not only on goat rearing but they also combine the same with meat processing, packaging, and cultivation of crops. It is another common trend in this business plan of goat farming. In essence, it is helpful for them to improve business profits.

Marketing Segmentation

When it comes to get started, you need to deal with all types of businesses, be it small or large. You also have to deal with new ventures and individual clients to large businesses. There is no lack of opportunities to help you grow and to deal with the goat farming business across the US.

Being the owner of a goat farming business, you can offer huge range of services. In order to get it done, you need to have well-trained and experienced team to meet the needs of your customers. People from different occupations and classes are included in your target market and local customers.

Business Target

Our target market includes different clients. Everyone uses products based on goat farming in different ways. Here are some of the target consumers for goat farming –

• Manufacturers
• Households and individuals

Product Pricing

We ensure a lot of factors in order to achieve annual sales and desired goal. We go leaps and bounds in cost-cutting when it comes to business operations, while attracting customers to choose our farm instead of choosing competitors.

In this section, it is vital to explain the range of product prices. It is very vital to provide maximum details when it comes to pricing. For instance, you can categorize different products. But you should cover this section in one page only.

Strategy

• To improve and build your networks with a lot of agricultural units which depend on our goat-based products as raw materials to enhance production.
• To promote relevant food, websites and business magazines and to ensure getting the goat farming business enlisted on local directories.
• To attend business fairs, food expo, seminars, and other events always and book the opportunity to promote goat farming.
• To create fliers, business cards, and hand them over to potential customers with your brochure in different locations in the US.
• To promote your friends, employees and family to use words of mouth when it comes to promote goat farming.
• To promote your goat farming online on social media platforms like LinkedIn, Facebook, and Twitter.

Competitive Analysis

We are looking forward to stand out in competition with various goat farmers in our area. We are looking to provide quality products to our customers. Our unmatched customer service will help us to grow further in competition. We are going to take care of every client with great respect and ensure providing best goat farming services.

Sales Monthly

Sales Yearly

Sales Forecast

Personnel plan

You may need to recruit well-qualified and talented employees who can help you start and grow your business plan of goat farming. You can easily start hiring candidates from senior management on the basis of their performance.

Company staff

You may need to hire well qualified and skilled team as part of our business plan of goat farming–

• HR and Admin Staff
• Accountant
• CEO
• Agriculture manager
• Sales and Marketing
• Customer Support
• Procurement manager
• Assistant
• Worker

Average Salary of Employees

In this section, define average salary of all of your team members properly in your goat farming business.

Financial Plan

In order to come up with the proven goat farming business ideas, you should have well skilled and talented finance experts. They are capable to implement the best financial plan and outline the overall growth of your business over the next few years.

Important Assumptions

You need to list down all the estimates of interest and tax rates over the period of three years.

Brake-even Analysis

You should present the overall graph in this section to showcase the overall revenue you are expecting from your company and milestones you can achieve.

Projected Profit and Loss

List down all the expenses and income of your business plan of goat farming in this table –

Profit Monthly

This section includes the overview of profits per month for 12 months in 3 years.

Profit Yearly

You need to show the annual profits you are expecting from your business plan of goat farming to the investors. This way, you can figure out the overall annual profits expected for 3 years.

Gross Margin Monthly

Come up with the overall gross margin per month.

Gross Margin Yearly

This table includes the gross margin on every year for the upcoming 3 years.

Projected Cash Flow

Figure out the projected balance of cash flow you can expect from your business plan of goat farming for next year.

Projected Balance Sheet

All the assets and liabilities are listed in this balance sheet for your business plan of goat farming.

Business Ratios

All the estimated sales growth are detailed here in percentage.

Download Goat Farming Business Plan Sample in pdf

OGScapital staff also specialize in:
cattle farming business,
chicken farming companies,
dairy farm business plan development,
pig farm businesses,
poultry farming,
fruit farm business plans etc.