How to Start Rice Business?
Rice is the staple food of several Asian countries. Suffice to say rice business is very common in these countries.
But this doesn't mean that western or any other countries are not up with this kind of business. In this article you can have an overview of how to start rice business.
Of course, in any kind of business feasibility study or the planning stage is always the first step to take. Ask yourself what kind of rice business you want: rice farming business, rice dealership business, rice mill business, and wholesale or retail rice selling business.
With rice farming business, obviously you will need a large parcel of land. You will need excellent irrigation system, the best seeds, the best fertilizers, the most effective pesticides, harvester, seeders and tractors for plowing the land. These are just the basic necessities of this kind of rice business for you to be able to start and eventually and hopefully sell after the harvest season.
Rice mill business is also a good rice business. You will need a huge barn or storage area for the produce that will be milled and that has been milled. You will also need to invest for a rice milling machine. Proper maintenance of the rice milling machine is very important in this kind of business.
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It is better to purchase a new one rather than a refurbished one. Refurbished rice milling machine may be cheaper but in the long run it will be more costly for you due to the high cost of maintenance and probably for the repair of the machine. You will also need to hire an operator of your rice milling machine.
With rice dealership business and with any kind of business for that matter, you need to apply for a business license. You need to look for a big storage room for the sacks of rice that will be delivered to you. You will also need to scout for a good location for your rice dealership business. You also have to implement FIFO (first in first out policy).
You need to have several varieties of rice, so that your customers will have several options. Get a comprehensive non-life insurance policy for your business; make sure that you include the clause regarding “Acts of God” in your insurance policy. Better be insured than be sorry.
The guidelines regarding rice dealership business may also apply with the retail and wholesale business. An additional guideline for this business is to ask for referrals from companies and friends. And be prepared to loose. If there are there peak season in any business of course there will also be lean season. So you have to prepare yourself for this scenario. Make alternative plans prior to the lean season month/s. Offer discounts and other marketing strategies during this season.
Asian Rice Wholesaler Explaining about Rice Pricing and How to Manage it
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First thing as in anything else in life we are much better off doing things in a group so that we have a support we can contribute to and also benefit from. Those that are decided to do thing alone have made up their mind and may not want to consider anything I might have to say. It is only meant as a friendly advise in any case.
We know that there are other farmers around us and most of them poor just like us. Maybe we have others throughout the years spend season after season borrowing money just to be able to harvest enough to pay for the money we borrowed and perhaps have enough rice left to eat. A single rice mill will nowadays can be purchased for around what is the equivalent of $5,000.00 US dollars and there are dryers we can also purchase for a similar amount. Rice had to be dried soon after harvest so that it will last long enough to allow the rice to be milled and then sold or taken to market to be sold.
If you can begin by lending money to farmers you can trust for a long enough period to multiply your own money to raise what you need to buy a mill, build a housing around the mill and also a dryer then you can either sell the rice at retail or sell it to other retailers at a lesser price. This will give you enough money to run your milling business and always have enough money to keep your business running without running to low in money. It is easy to run yourself right out of business in you start with only the minimum amount of money necessary. Be patient and work until you are sure you will survive and your business will always have customers or if you do everything for yourself enough rice to mill and sell without running out.
There are other possibilities which can and will help you have more success. If you want to know more or simply talk more with me about how this can be done you can email me at javiermitzli@ymail.com
Startup Biz Hub - Advisor (Staff)
What is the cost of 3 tons per hour rice mill in India?
For raw rice it will cost you about 25,000,000 INR or 2.5 crore rupees. This includes the working capital but not the land cost. For parboiled rice of same size will cost you 3.5 crore rupees.
How many employees needed to run a 3 tph rice mill?
You need about 15 employees to run the plant but it also depends how much automation you have done in your plant.
Startup Biz Hub - Senior Advisor (Staff)
Startup Biz Hub - Senior Advisor (Staff)
Milling Technologist
Milling Technologist
Startup Biz Hub - Senior Advisor (Staff)
Even you manage to get the loan you need more than 50 lakhs as working capital.
Dont trust the people committing you that they can setup a good rice mill in less than 50 lakhs, there are lots of frauds roaming in this business all over india.
I request the readers of this blog "Consult a milling technologist before starting any food processing industry"
Milling Technologist
Milling Technologist
1. To Produce Raw Rice from Paddy
2. To Produce Par-boiled Rice from Paddy
A Feasible Automatic Rice Mill With Parboiled Section has the minimum capacity of 4 Ton/Hr and this project cost is Approx. 3 Crores, Same project with semi-automation will cost you Approx. 2.5 Crores. almost same amount you need for working capital.
To start this business, first you need at least 2 Acres of Land and then meet a MILLING TECHNOLOGIST who will design your plant as per your requirement and Budget you have.
There are few other options to start this business with less investment like you can setup a semi-automatic Raw rice plant with the capacity of 3 Ton/Hr with a small budget of Rs. 70 Lakhs for Plant & Machinery and Rs. 1 Crore for working Capital.
Milling Technologist
Milling Technologist