10 ACRE HOT PEPPER PRODUCTION – WORKFLOW, TIMING, SUPPLIES AND PRICES

The following information is a project workflow, supplies and budget needed to plant 10 acres worth of West Indian Red hot pepper in Jamaica. This project was created by Smart People International Ltd on December 10, 2018 to be subcontracted to 700 of it’s members.

View Campaign: https://www.smartpeopleint.com/campaigns/start-farming-hot-peppers-farm-trel0001/

PROJECT – WORKFLOW, TIMING, SUPPLIES AND BUDGET

HUMAN RESOURCE

1. Part-time Employment – Listed beside each task
2. Full-time Employment – $480,000 JMD
3. One Time or Random Services – $200,000 JMD
4. Training – $100,000 JMD
Sub Total: $780,000 JMD

LAND PREPARATION

1. Land Lease – $500,000 JMD
2. Ploughing – 4 days and cost $200,000 JMD
3. Weed Control – 3 days and cost $20,000 JMD
Sub Total: $720,000 JMD

SEEDLINGS

1. Seedlings – Cost $30 JMD each X 110,000 seedlings = $3,300,000 JMD
2. Transplanting – 10 days and cost 6 staff at $2,000 JMD per day each = $120,000 JMD
Sub Total: $3,420,000 JMD

MANAGEMENT

5. Fertilizer – Once every 4 weeks for 26 weeks and cost 4 staff at $2,000 JMD per day each, X 5 days = $40,000 JMD + 670 bags total $1,934,600 JMD
Sub Total: $1,974,600 JMD

6. Water Cycle – 4 times per week, note that this cycle may be reduced based on rainfall. Irritation $1,000,000 JMD plus transport $650,000 JMD
Sub Total: $1,650,000 JMD

7. Supplies Transportation – 3 trips to Kingston at $30,000 JMD per trip = $90,000 JMD
Sub Total: $90,000 JMD

STAFF LOCKER ROOM, HOUSING AND STORAGE

1. Staff Housing and Locker Room – 1 40FT Container at $500,000 JMD + Modification and Setup $500,000 JMD
2. Equipment and Supplies Storage – 1 40FT Container at $500,000 JMD
Sub Total: $1,500,000 JMD

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

MANAGEMENT STRATEGIES

1. Provide workers accommodation which will reduce workers transportation.
2. Cause some task to be done at night to increase a security presence on the farm during reaping season.
3. Strategically position the workers accommodations to increase surveillance
4. Have drone to search the land day or night in case of an alarm or just to keep up to date of activities.

SUBCONTRACTOR’S AGREEMENT

This subcontractor’s agreement between each co-owner and Smart People International Ltd is at a 80/20 ratio in profit shares. This mean each subcontractor will receive 80% of profit in addition to their initial investment amount, and Smart People International Ltd receive 20% of profit.

In offering this group entrepreneurship service, Smart People International Ltd will encounter several operational fees for which we will charge 20% of the project cost to provide. By participating in this group entrepreneurship service, you are agreeing to all the terms listed herein, including to:

1. Partner with each other to fund the total budget of the project
2. Equally absorb all losses associated with the execution of the project
3. Contract Smart People International Ltd to plant, manage and sell the produce mentioned in the project plan

The following is an outline of the purpose of the fees being charged.

20% of project cost will facilitate:

1. The project planning and budgeting
2. The use of our digital platform which make investment feasible
3. Land location and leasing services
4. Purchasing and stocks security services
5. Platform maintenance services
6. Software
7. Communication
8. Bank transactions
9. Regulation compliance and tax compliance

The 20% of project profit will allow for:

1. The employment and management of the workforce
2. The payment farm services and accounting
3. The management of production
4. The securing of sales
5. To provide reporting and bookkeeping during and after the project

All payments pertaining to the creation of the above farm will be made directly to and from the accounting department of Smart People International Ltd to the company or individual providing the goods or services for the farm.

TERMS AND CONDITIONS:

In buying one of the packages listed in this campaign, you are making an agreement to become a co-owner and subcontractor of a 10 acre hot pepper farm created by Smart People International Ltd, to be managed by Orville Wedderburn, farm code TREL0001. The said farm is located at lot 72 Hyde And Gibraltar, Clark’s Town, Trelawny, Jamaica W.I.

You will also be agreeing to employ Orville Wedderburn as the project manager for your farm where he will represent all the co-owners by sourcing all required agricultural supplies and services listed in the project plan and to manage the execution of the project plan as listed in the link above.

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SERVICE SALE AGREEMENT

May it be known that Smart People International Ltd is offering a management service called Equity Group-funding. In this said service, individuals will collectively pay for the execution of the above project plan. In is expected of Smart People International Ltd to cultivate and sell the produce mentioned in the above project plan, deduct it’s fees agreed herein and return the balance of profit based on the investment value of each subcontractor. Upon co-buying this farm, each individual agrees to:

1. Partner with each other to equally fund the total budget of the project
2. Equally absorb losses associated with the execution of their farm
3. Contract Smart People International Ltd to plant, manage and sell the produce mentioned in the said contact.

The members will become business partners in the following project where they will contribute 20% of the project cost and 20% of the profits to Smart People International Ltd for it’s services. The following is an outline of the purpose of the fees.

20% of Project Cost

1. The project planning and budgeting
2. The use of our platform which make investment feasible
3. To locate and lease land
4. To purchase and secure project stocks

20% of profit

1. The employment and management of the workforce
2. The payments for services
3. The management of production
4. The securing of sales
6. To provide reporting and bookkeeping during and after the project

SMART PEOPLE CHARITY

Please note that 10% off all profits made from Smart People International Ltd is given to our charitable organization Smart People Charity. Smart People Charity is mandated to help disadvantage youth and elderly by:

1. Creating a household items recycling program
2. Giving scholarships to disadvantage youth
3. Creating a breadwinner program that strategically employ and encourage others to employ people from families without a stable breadwinner
4. Creating initiative to develop communities and individuals “Resource, networking and partnerships”
5. Creating feeding programs for needy children and elderly
6. Starting an orphan integration program that support orphans and have them help others

To learn more about Smart People Charity please click the following link.
Link: