FynbosFarm will be a partnership of successful businessmen developing a small farm into a highly productive hydroponics and instant turf project.
Hydroponics is the growing of high-quality vegetables in high-tech, multi-span greenhouses. The produce is grown in 15L bags with a medium used to support the root system. The plants are automatically fed nutrients through irrigation systems.The plants are grown in the best suitable growing conditions, which allows each plant to produce the maximum fruit possible.
Instant turf will be grown out in open field production. The turf will be irrigated via overhead spray units, using the run-off fertilizer from the multispan tunnels. This fertilizer is highly effective and will provide all the requirements the instant turf will require. The turf will be cut and sold by the square meter, and is harvested with a sod cutter.
The company will concentrate on the production of tomatoes, peppers and cucumbers in the tunnels, and in time will pursue more selective vegetables and the fresh cut flower market.
2.1 Company Ownership
FynbosFarm is owned jointly by its two founders, one of whom will serve as the project manager.
2.2 Start-up Summary
The company is seeking to raise investment for the purpose of financing the acquisition of the vegetable farm, facilities modifications, multi-spans and equipment, and funding operating expenses.
The operation will utilise :
- Six large greenhouses enclosing the vegetable area
- irrigation, fertilization, temperature control and water treatment devices
- outdoor production of instant lawn
- pack houses and washbay facilities
- business office building
An additional portion of the operation will be the growing of instant lawn. Local landscape operations have trouble with meeting the demands of instant turf supply, and the company has recognised the need in the market. The company plans to supply the local nurseries and landscapers with top quality, premium garden lawn.
The largest portion of the start-up requirements is for purchase of the site and construction of the necessary buildings and infrastructure, including well-digging. These are listed below as long-term assets.
The start-up period is five months long, and includes construction and one and a half months for growing the first crops, to be sold beginning in July.
|Twine and clips||R28,000|
|Total Start-up Expenses||R793,753|
|Other Current Assets||R0|