Eco-Symbiotic Silver Syrup Farm was prepared by Arse Gebeyehu Wode

1. Business plan
Eco-Symbiotic Silver Syrup
Farm
By Arse Gebeyehu Wode
Copyright © 2017

2. Introduction
• Apiculture is the art of managing bees with
the intention of getting the maximum return
from its work with the minimum of
expenditure
• Beekeeping requires constant care, time,
maintenance and handling skills
• Global apiculture industry is under
transformation toward other useful purpose
than merely honey and beeswax production
• Now a day, in the western world there are
thousands of farmers rearing colony for
pollination purpose and renting out to large
farms

3. Ethiopia
• Ethiopia having a long tradition of
beekeeping have the largest honeybee
colonies in Africa
• Ethiopia produces about 50,000 MT of
honey and 7,500MT beeswax per year
• Currently Ethiopia ranks 7th in world
• There is incessantly increasing demand for
bees’ product
• The present effective demand for the
proposed product is over 100 million kg per
annum

4. Ethiopia
• Every year demand increases by about
10% especially for organic products
• The current production is far below the
demand though the potential still exists
• Domestic price of honey in Ethiopia differ
substantially by region and type of honey,
so does in the international market

5. Eco-symbiotic bee farm
• This project envisions to produce over
10,000 kilogram of table honey and 500
kilogram of beeswax annually with 180
colonies
• The project has start-up budget of ETB
0.517 million to establish an apiary of 180
modern hives
• The project will be established on the
periphery of Kefa Natural Forest

6. Eco-symbiotic bee farm
• The expansion will innovatively continue until maximum carrying
capacity is attained
• The queen multiplication technology will be used as this farm is
progressively expands the business and create strong and permanent
colonies
• The professional experts will carry out the task
• Eco-symbiotic project will also serve as demonstration and educating
platform for local farmers

7. Eco-symbiotic bee farm
This project aims to transform the country’s apiculture sector to higher level, play a
role modern in using innovative farming technologies

8. Eco-symbiotic bee farm
The project will be established on the periphery of Kefa Natural Forest close to main
road that takes to bonga city

9. Eco-symbiotic bee farm
Eco-symbiotic bee farm will also endeavors to specialize into pollen harvesting and marketing

10. Excelling to the efficient and modern bee farm

11. Profitability analysis
• This project is proved to be profitable with four appropriate tools such
as BEP (1943.76kg of honey), PBP (0.683) in second season of harvest,
NPV of 243,802.20 at 10% discount rate and IRR of 33%
• This project will create employment position for at least 6 people in
permanent term and more than 20 temporaries
• The honey and surplus beeswax will be brought on the open bid
market

12. Profitability analysis
• The cost of production will be calculated based on average variable
and fixed costs
• The project a has progressive expansion plan
• Eco-symbiotic farm will endeavor to excel in also building the state of
the art honey and beeswax display and tasting lab in Bonga city

13. Annual materials needed set out as variable
Costs of the project
No Description Quantity Cost in birr
Unit price Total
1 Bee-colony 180 600 108,000.00
2 Beehive 180 2000 360,000.00
3 Smoker 12 140 1,680.00
4 Coverall clothe 12 300 3,600.00
5 Glove 12 90 1,080.00
6 Veil 12 90 1,080.00
7 Extractor, Centrifuge 1 20,000 20,000.00
8 Queen excluder 180 90 16,200.00
9 Beeswax 10 200 2,000.00
10 Wax mold 1 2000 2,000.00
11 Plastic containers 12 90 2,000.00
12 Other bee equipment - - 10,000.00
13 Fencing - - 10,000.00
14 Pickup truck, rent 2 3,000 6,000.00
Total 543,640.00

14. Annual expenditure (utilities, rents, salaries and other
inputs) set out as fixed costs of the project
No Description Quantity Cost in birr
Unit price Total
1
Land, lease per year Hectare 158.00 316.00
2
Water 10 cubic meter 6 60.00
3
shade construction - 20,000 20,000.00
4
Licensing fee 50,000.00
5
Guaranager 3 3000 108,000.00
6
Sales person 1 2500 30,000.00
7
Secretary 1 2500 30,000.00
Total 194,376.00

15. Human Resource Requirement and Annual Labor
Cost
No Description Req person Monthly salary Annual salary
1
Guaranager 3 3000 108,000
2
Secretary 1 2500 30,000
3
Sales person 1 2500 30,000
Total 5 8,000 168,000

16. I’m the author of this business plan and currently I’m Researcher at Adami Tulu agricultural
research center in Ethiopia.
For any detail information or other business plan you can reach me at my email
arse.gebeyehu@yahoo.com or by phone +251912100250 if I am available in Ethiopia
Copyright © 2017 by Arse Gebeyehu Wode