Do you want to start a bison / buffalo farming business from scratch? Or you need a sample bison farm business plan template? If YES, then i advice you read on.
If you are looking for a livestock business to start with very little competition, then you can consider starting bison farming. A bison is also known as an American buffalo; it was nicknamed a bison so as to differentiate it from an African buffalo. Over the years, there has been a rise in the demand for buffalo meat since it was found to contain protein in large quantity and also low cholesterol.
The bison industry is less competitive than other livestock industries. Hence, that is one reason why anybody can key into the market and make money before it becomes very competitive in the coming years. This is one business that has recorded a high level of profitability. This is especially for those who know how to pull things off.
This article proposes to serve as simple guide for anybody that wishes to start a bison farm. It contains basic details on what you need to start the farm. You can be rest assured that you would make headway when you make these tips yours. So, let us see the following factors to be considered in setting up a bison farm.
Starting a Bison Farm – Sample Business Plan Template
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The first step towards starting a successful bison farm is to draw up a business plan. What is a business plan? A business contains all the intricate details of how a business venture will function. It contains definite details of the business; like business goals, business structure and business formation process.
In the case of a bison farm business, the business plan should contain basics like, the estimate capital you need to start the business, putting into consideration all the steps you will take in the training the bison from the calve stage to maturity and the how much each stage will cost for each bison multiplied by the number of bison that wish you grow in your farm.
2. Go for Training
If this is your first time running a bison farm, then you may need to go for some extra training to learn how to take care of bison. A bison is not a domesticated animal and can be temperamental if not properly taken care of. It is for that reason that you need to know every detail involved in taking care of them. The best way to learn about this is to spend some months in a bison farm to familiarize yourself with the whole process of running a bison farm.
Starting a bison farm can be capital intensive; you need to have already calculated the capital requirement needed to start and float the business until you start getting returns. If the business structure will make provision for partners in the business, you can pull money together with your partner or partners to run the business.
Another place to source for capital is via an angel investor. They only provide the capital involved in running the business without getting directly involved in the day to day running of the business. You can look out for the association of angel investors in your State and reach out to them with your business plan.
One or two of angel investors may be wishing to invest in your business idea. If you decide to take a loan from the bank, you should consider the period that it will take a calf to grow into a matured bison ready for sale or to give birth for female specie, to help you payment plan.
4. Buy a Farm
This business is a long term business, so may require that you buy out your own land space to serve as your farm. You can also workout a long term lease agreement if the capital you have cannot cover for out rightly buying off a land. The piece of land that will serve as your farm should be a level ground and have plenty pasture for your bison to graze on.
5. Build a Farm
After you lease the land, you need to fence the land all around with a gate at each side of the fence. Bison are strong animals, so the materials for constructing the fence should be strong materials, like barb wire and the fence should be at least 6 feet high to prevent bison from jumping over it.
6. Purchase Equipment for the Farm
You need to order for equipment that you will need to take care of your bison like, rake, shovel, barrow, water trowel. These are very basic important tools that must be purchased at first.
7. Purchase You Bison
It is advisable that you start with calves if this is your first time running a farm. This is because it is easier to train a calf and make them less violent then when you purchase matured bison. Also, it will give you enough time to familiarize yourself with your calves before they mature into bison.
You can buy calves from bison farmers in your location. It is advisable to go with a Veterinary doctor to carry out series of test on the calves to ensure that they are free from disease, because it will be to your disadvantage to buy sickly calves.
You cannot possibly run a bison farm alone, you will need some helping hands to take care of every aspect of taking care of your calves daily. You can employ a bison trainer to help tame your calves from the early stage to make them more violent.
It takes 3 to 5 years for a calf to mature into a bison, while the female specie starts giving birth from the third year. You can contact big restaurants and hotels that sell bison cuisine to supply them with the meat; you can also source for people that buy the animal and supply to restaurants. You can also sell young calves to bison farmers to make money.
Now you see that the bison farming business isn’t a bad idea after all. You too may cash in on this type of venture before it gets very saturated.