Start Farming Hot Peppers – Farm Code Trel0001
0 days left
GROUP ENTREPRENEURSHIP MANAGEMENT SERVICE
Join this group entrepreneurship initiative and co-own a 10 acre farm that will be cultivating and selling West Indian Red hot peppers. This particular farm will be located at 72 Hyde And Gibraltar, Clark’s Town, Trelawny, Jamaica W.I and will be managed by the following team.
Project Manager: Orville Wedderburn
Profile link: https://www.smartpeopleint.com/members/tech/
Cell#: 1 876 485 5586 or 1 876 803 7265
Stock Manager: Lariecia Harvey
Profile link: https://www.smartpeopleint.com/members/riecey/
The other management processes will be done from our company’s head office located at Hyde District, Clark’s Town, Trelawny, Jamaica W.I, from where all co-owners in this farm will recieve a weekly update on the farm’s activities. According to RADA and additional research done by our research team, the following gives an overview of what to expect from farming this type of hot pepper.
Total Project Cost: $10,134,600 JMD
+ 10% Miscellaneous: $1,013,460 JMD
+ 20% of Project Cost: $2,026,920 JMD
Grand Total: $13,174,980 JMD
Individual Package Cost: $13,174.98 JMD or $106 USD
Amount of Packages: 1,000
HARVESTING, DELIVERY AND RETURN ON INVESTMENT (ROI)
The above budget was done independently of the harvesting budget to reduce confusion as the harvesting at times will overlap the other management processes. The above budget was also created in this manner because the sales from reaping will substitute some expenses that would otherwise be in the upfront cost. The main addition cost harvesting will add to the above budget is labour and transportation.
1. Harvest – Pick, de-stem, load and stock bags cost 40 staff X $2,000 JMD per staff = $80,000 JMD per 8 hour day X 2 days to reap 10 acres equal $160,000.
2. Load Trucks – 3 staff at $1,500 JMD = $4,500 JMD per load
3. Delivery – 1 40ft holds 5 bags across X 13 bags long = 65 bags on the floor X 7 rows high = 455 bags x 20lb per bag = 9,100 lb per trip which will cost $60,000 JMD per trip X 6 trips = $360,000 JMD
Sub Total Cost: $524,500 JMD
Harvest Yield Per Reap: 55,000 lb
Harvest Sale: $2,750,000 JMD
Takeaway Harvest Cost: $524,500 JMD = $2,225,500 JMD
Takeaway 20% for fees $445,100 JMD
Balance: $1,780,400 JMD
Individual Return: $1,780.4 JMD per week X 4 weeks per month = $7,121.6 JMD X 4 months good production = $28,486.4 JMD in addition to this the plant is expected to live an additional 2 months where it is expected to reduce in yield by approximately 30% which will add and estimated $9,970.24 JMD
Total Package Investment: $13,174.98 JMD
Total Package Sale: $35,608 JMD plus $12,462.8 JMD equal $48,070.8 JMD
Take away 20% for fees: – $9,614.16 JMD
Total Package Returns: $38,456.64 JMD “Including initial investment”
Total Profit: $25,281.66 JMD
Additional Returns: $1,013.46 JMD for 10% Miscellaneous if it is not spent and $2,500 JMD for items to be sold, funds are due after the items are sold.
Time Span: 6 months
Please view the following link to see the project plan in details.
For additional information about this project please contact the project manager by sending him a message on his profile or call him on the number listed above.