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Hydroponics Farming: An Innovative Business Plan for Sustainable Agriculture

Manish V Kshirasagar V Kshirasagar

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Paper Contents

Abstract

Seeds and Mist is a hydroponics business operating in a 5000 sq. ft. facility, with an initial investment of 40.73 lakhs. Our clientele includes hotels, multi-commodity retail stores and supermarkets.Our mission is to provide high-quality and natural crops to our customers while promoting sustainable farming practices. With a focus on hydroponics, we aim to deliver fresh and pesticide-free vegetables and herbs year-round. With this we also aim to provide training to those who are willing to grow their own crops at their house, promoting self-reliance. The capital required for the setup of the farm would cost 40.73Lakhs and 1.58Lakhs of monthly working capital, an early profits of rupees 93,84,046.87 can be earned in this business, after calculation with the expected sales we have arrived to a conclusion for the Break Even Point (BEP) of 15.08 months.Currently in the parts of North Karnataka there arent any such ventures operating so we have come with the idea of setting up the hydroponics farm and supply healthy vegetables to our customers. We are mainly into growing Lettuce, Bok choy and Swiss chard which can be grown into hydroponics setup and because of their benefits for the nutritional values. In the future we tend to expand our business from 5000sq. ft. to 1 acre (43,000 sq. ft.) which will be 8 times bigger than what we are operating currently, which means higher yield higher profits.

Copyright

Copyright © 2024 Manish V Kshirasagar. This is an open access article distributed under the Creative Commons Attribution License.

Paper Details
Paper ID: IJPREMS40800002022
ISSN: 2321-9653
Publisher: ijprems
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