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2023 rice business plan competition, taking student-run ventures to the next level: may 11-13, 2023 .

With access to mentors, real-world experience and investment opportunities, the Rice Business Plan Competition helps student founders stay on target and realize their potential. Apply today to set yourself apart from other student-led ventures, get in-depth mentoring to prepare you for the event and pitch to investors who are looking for their next early-stage deal.


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Make sure to mark your calendars with the important competition dates, like application deadlines, when we will announce competitors and when you will need to be in Houston. 

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Interested in what makes a top competitors? You can rewatch the finals and elevator pitches for our past competitions, and check out the prizes! 

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New this year! Amazon Small Business Podcast!

We’re excited to announce that the Amazon Small Business Empowerment Team will be producing a podcast that  follows select RBPC participants in their journey this year —learning about the inspiration, the challenges, and the thrill of growing and showcasing startups in the largest and richest student startup competition.

Previous Competitions

For 21 years the Rice Business Plan Competition has provided student startups with mentorship, guidance and capital to help support them on their entrepreneurial journey! In 2020, the competition went virtual for the first time. Check out a few of our previous competitions' content, including elevator pitch videos, final pitches, photos and LivePlans.

Check out what happened at #RBPC22

Rice Farming Business Plan For Beginners

If you are wondering ‘how is rice grown’, then you are in the right place. Here we are describing more about rice farming business.

Rice farming is very common and popular throughout the world. And rice is the number one and most widely consumed staple food in the world.

Rice is consumed as staple food by a large part of the world’s human population (especially in Asia).

Rice is actually the seed of the grass species Oryza sativa (or Oryza glaberrima for African rice). Rice (a monocot) is normally grown as an annual plant.

But in the tropical areas, the rice plants can survive as a perennial and can produce a ratoon crop for up to 30 years.

Depending on the variety and soil fertility, the rice plant can grow from 3.3 feet to 5.9 feet tall or even more.

Leaves of the rice plants are 20-39 inches long and less than 1 inch broad (typically 0.79-0.98 inch). The flowers are very small and are wind pollinated.

The flowers are produced in a branched arching to pendulous inflorescence 12-20 inches long. And the edible seed is a grain (caryopsis) which is 0.20-0.47 inch long, and 0.079-0.118 inch thick.

Rice farming is well-suited to countries and regions with low labor costs and high rainfall.

Because, rice farming requires ample water and it is labor-intensive. Although, rice can be grown almost anywhere (even on mountain area or steep hill with the use of water-controlling terrace system. Rice actually grows well in Asia and certain parts of Africa.

Rice is the most popular staple food and it is used in many different ways. A major amount or portion of sugarcane and maize crops are used for purposes other than human consumption.

But rice is the most important grain with regard to human nutrition and caloric intake. Rice is providing more than one-fifth of the calories consumed worldwide by humans.

Table of Contents

How is Rice Grown

Rice farming is very easy and simple, and you can start growing rice if you are a beginner.

Rice can be grown in different types of soil and different environment, depending on the availability of water.

Here we are describing everything about rice farming from planting, caring to harvesting.

Select a Good Location

First of all, you have to select a very good location for rice farming. Rice plants are versatile, and they can be grown on a wide variety of soil types with low permeability and pH varying from 5.0 to 9.5. The rice plants require full sun, so the selected land should have access to full sun.

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Depending on the availability of water, rice can be grown in many different environments. The plants can be grown in both irrigated and rainfed method, and they can also survive flooding. However, favorable rice growing environments are;

Preparing the Soil

Rice farming is possible in a wide range of soil types. Sandy loam to loamy sand to silty loam to clay loams, silty to clayey loam soils with low permeability, free of sodicity are considered best for rice farming.

Whatever the soil type is, you have to prepare it perfectly for growing rice. You have to ensure that the soil is in it’s best physical condition for crop growth and the soil surface is level.

Land preparation for rice farming involves plowing and harrowing to ’till’ or dig-up, mix and level the soil.

Tillage helps with weed control, and also allows the seeds to be planted at the right depth. And then you have to level the surface for reducing the amount of water wasted by uneven pockets of too-deep water or exposed soil.

Semi-dry, dry and wet systems are generally followed in rice farming. The dry and semi-dry systems of rice farming depends on rains, and generally do not have supplementary irrigation facilities.

On the other hand in wet rice farming system, the rice crop is grown with assured and abundant water supply either by rain or by irrigation. We are describing about all these systems below.

Dry & Semi-Dry System

For rice farming in these system, you have to prepare the field by giving several ploughings and harrowing. While ploughing and harrowing, add lots of organic contents into it. You should add organic contents into the soil at least 2-4 weeks before sowing or planting.

In wet system, plough the field thoroughly and puddle with 3-5 cm of standing water in the field. The ideal depth of puddling is found to be around 10 cm in clay soils, clay-loamy soils. Level the land after puddling, and doing this is important to facilitate a uniform distribution of water and fertilizers.

For commercial rice farming business, you also have to apply some chemical fertilizer for generating maximum yield. Although exact amount of fertilizers can vary from place to place. On average, you will need to apply around 50 kg Nitrogen, 12 kg Phosphorus and 12 kg Potash. Conduct a soil test before applying chemical fertilizers into it. And if possible consult with an agriculture specialist in your area for having good recommendation.

Climate Requirements for Rice Farming

Rice plants can be grown in a wide variety of climatic conditions. They can also be grown under widely varying conditions of altitude, and they can be cultivated as high as 3000 meter above sea level.

Actually relatively hot and humid climatic conditions are considered good for rice farming.

Rice is best grown in areas/regions where abundant water supply, prolonged sunshine and high humid condition is available. Temperature between 16 °C and 30 °C is considered best for rice farming.

Best Time for Rice Farming

Rice can be grown at any time of the year. The seeds will germinate and the plants will grow well as long as the temperature is between 16 °C and 30 °C (although the plants can survive as high as 40 °C).

Choose a Variety

There are many varieties (actually too many varieties) or cultivars of rice available throughout the world.

Rice varieties and types are divided into different categories depending on culinary preferences, characteristics and also vary regionally.

Depending on region, there are hundreds or thousands or even more rice varieties available and new varieties are being developed continuously.

In case of regional rice varieties, there are countless rice varieties available. Each of these varieties are found in specific region. For example ‘Kalo Beruin, Khato Dosh, Lapha, Balam, Bashmoti, Bina, Chinigura, Digha, Gadai Lashkari, Katari Bhog, Miniket, Mou Beruin, Moulata, Pajam and Thakur Bhog are some Bangladeshi rice variety. Bhut Muri, Hansraj, Dubrej, Hay Shrirama, Kamini, Patna and Laxmi Bhog are some Indian rice varieties.

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In case of culinary preferences, the varieties of rice are generally classified as long, medium and short grained.

The long grain rice tend to remain intact after cooking. The medium grain rice becomes more sticky and is generally used for sweet dishes.

And the short-grain rice is often used for rice pudding. And within these 3 varieties there are several cultivars available around the world.

Many different rice varieties available depending on the characteristics or color. Brown, white, red, black and purple colored rice varieties are available.

There are also many different improved or hybrid rice varieties available. These improved varieties are highly productive and yield more than the traditional varieties.

However, you have to choose a rice variety deepening on it’s availability in your area and you also have to consider your production purpose while selecting a variety.

But you should always choose the local varieties which are easily available in your area. Please contact your local govt. or private seed manufacturer for getting high yielding, disease resistant varieties.

Purchase Seeds

After selecting your desired variety, purchase seed from any of your local suppliers.

Consider purchasing good quality, high yielding and disease free seeds from any of your local govt. or private seed manufacturer.

Seeds per Acre

Exact amount of seeds depend on the rice variety and also on the method you are going to follow for rice farming.

Generally, 10-12 kg seeds will be enough for direct sowing, and 25-30 kg will be enough for transplanting method.

The rice plant is grown in two ways. They are grown either by direct seeding or by transplanting. Whichever system you use, you should treat the seeds by fungicide/insecticide before sowing.

Direct Sowing

In direct seeding system, you have to broadcast dry seed or pre-germinated seeds by hand or by using a machine. The dry seeds are manually broadcasted onto the soil surface in rainfed and deepwater ecosystems, and then incorporated either by ploughing or by harrowing while the soil is still dry. But the seeds are generally pre-germinated prior to broadcasting in the irrigated areas. This is very easy method and requires less labor.


Transplanting is the most popular rice planting method across Asia. In this system, the seedlings are grown in a prepared seedbed and then transplanted to the main wet field. This system requires less seed and it is an effective method for controlling weeds. Transplanting method require more labor, although today there are some machines available for planting the transplants which will reduce the use of labor.

Taking additional care is a must for rice farming. Rice is not a plant and then harvest crop, and the plants require lots of care.

Here we are describing more about the caring process for growing rice.


Applying additional fertilizers is needed for maximum yield. Don’t apply all these chemical fertilizers into the soil at once while preparing the soil. Apply all the organic fertilizers and half of the chemical fertilizers during preparing the soil. And then apply remaining half chemical fertilizers twice with 30 days interval.

Cultivated rice is extremely sensitive to water shortages. Maintaining a flooded condition in the field is good for ensuring sufficient water during the growth period (do this especially for lowland rice farming). In rainfed rice farming conditions, you don’t have to think much about it and nature will do the rest. But in case of dry or semi-dry conditions, you have to water the field regularly. Remember, you must have to keep the field flooded for up to 2 weeks after transplanting.

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Controlling Weeds

Controlling weeds is very important for rice farming. Weeds consume nutrients from the soil, so you have to remove them from the field. Manual weeding or chemical weeding both are used for commercial rice farming business. Consult with your local agriculture specialist for having good recommendation.

Pests and Diseases

Rice plants are susceptible to some pests and diseases, just like many other commercial crops.

The rice plant has a wide array of ‘enemies’ in the field including rodents, harmful insects, viruses and diseases.

Understanding the interactions among pests, natural enemies, host plants, other organisms, and the environment allows farmers to determine what if any pest management may be necessary.

It’s always good to keep good contact with an agriculture specialist in your area for controlling all these pests, diseases or other problems.

Depending on the variety, the rice plants reach maturity at around 105 to 150 days after crop establishment.

You can start harvesting the crop when the moisture content into the grain reduce to 20%-25%.

Rice harvesting activities include cutting, stacking, handling, threshing, cleaning and hauling.

You can do all the harvesting activities either by hand or by using a machine. And remember, good harvesting methods help to maximize grain yield and minimize grain damage and deterioration.

Manual Harvesting

Manual harvesting is very common across Asia , and it involves cutting the rice crop with simple hand tools like sickles and knives. Manual harvesting is good and actually very effective when a crop has lodged or fallen over. But manual harvesting is labor intensive and sometimes costly.

Mechanical Harvesting

Mechanical harvesting is easy and is less labor intensive. Mechanical harvesting is done using reapers or combine harvesters. Mechanical harvesting is not common or popular in most areas mainly due to the availability and cost of the machinery.

Total yield can vary depending on various factors such as chosen variety, soil type, cultivation method, farm management practices etc.

On average, with modern improved varieties, you can expect about 1500 to 2000 kg per acre.

Rice Nutrition

Rice is the most important grain with regard to human nutrition and caloric intake (providing more than one-fifth of the calories consumed by humans worldwide).

It is the staple food of over half the world’s population. According to Wikipedia , cooked, unenriched, white, long-grained rice is composed of 3% protein, 28% carbohydrates, 68% water and negligible amount of fat’.

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And in 100 gram cooked rice serving, it provides 130 calories and contains no micronutrients in significant amounts (with all less than 10% of the Daily Value).

Cooked, white, short-grained rice also provides 130 calories and contains moderate amounts of B vitamins, iron, and manganese (10–17% DV) per 100 gram amount.

Health Benefits of Rice

Rice is the staple food of over half of the world’s population. Most of the people eat rice without knowing or caring about it’s health benefits. However, some notable health benefits of rice are;

Hope you have enjoyed this guide. Rice is the most economically important crop around the world. And commercial rice farming business is very profitable if you can do everything perfectly. Good luck!


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Rice Farm is a growing business that is based in Nigeria which is involved in the cultivation and production of rice to the Nigeria populace in ensuring food security and reducing hunger in the country. We have in possession a secure and suitable hectare of farmland to start our commercial cultivation and production of rice. Since, we want to compete with the best industry in the country, aside from securing a farmland, we are planning to purchase farming equipment and machines to enhance production. We are going to hire some key employees who are going to undergo training so as to fit into the ideal picture of the 21 st century commercial farming and rice processing and packaging workforce we want to build to enhance employability in the country, Nigeria. We are in the commercial rice farming business because we want to leverage on the vast opportunities created by the border closure by the Federal Government of Nigeria, to contribute our quota in growing the Nigeria economy, improve national food security, provide raw materials for industries and above all to make profit. In ensuring we achieve our aim, we need a capital of #5,000,000 for the purchase of equipment, payment of salaries, transportation and other logistics activities. The future projection for the sales revenue is to make #2,000,000. The projection increases at a geometric progression putting all factors into consideration.

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Home » Business ideas » Food Industry

How to Start a Rice Distribution Company – Sample Business Plan Template

Are you interested in starting a rice distribution business? Do you need a sample rice retail store business plan template? If YES, then i advice you read on. Rice is the most consumed staple food in the whole world. This shows that any rice related business anybody invests in; whether rice farming, rice hulling service, or wholesale distribution of rice will definite have a ready market for the product or services.

I will focus on rice distribution business in this article including why you need to start a distribution business and how to get started and become a big time wholesale distributor of rice. As a wholesale distributor, your duty is to serve as a distribution link from the rice farmers to the retailers. Most retailers do not have the capital required to purchase in bulk quantities from the rice farmers.

It is the wholesaler or distributor that will buy in large quantities and sell in smaller bulks to the retailers; so the service of a distributor is needed in order to get the rice to its needed locations. With the rate rice is consumed around the world, getting retailers to supply to will not be a problem at all.

4 Things You Need to Start a Rice Distribution Business

In order to start and run a smooth distributor business, you need to get the following things in place;

Table of Content


1. carry out feasibility study, 2. get the necessary license required to become a distributor, 3. get your supply of rice from the rice farmers, 4. promote your products to retailers around, 5. accounting.

This should preferably be a rice farm because as the wholesale distributor, you need to buy from a source where you can get the rice in very large quantity and at the cheapest possible rate, so that you can still make profits after spending for the logistics involved in getting the rice from the supplier to the retailers.

Most times, you don’t get to sell of the whole bulk of supply you get at once to the retailers because there may be times when the market demand may be low, that is when you need a warehouse to store your rice until you are ready to ship out to retailers.

To become a wholesale distributor, you need to buy in very large quantity from the rice farmers and sell in smaller bits to the retailers; so starting a rice distribution business requires much capital. The only exception is if you have a mutual understanding and agreement with the farmers where they supply you the goods on credit sales, you sale to the retailers and pay them off as soon as you are done with the sales.

As the distributor, you may have to be in charge of transporting the rice from the rice farm to your warehouse or delivery to customers when orders are placed. You may need to get few trucks to handle the distribution process or you can strike an agreement with a logistic company to take care of the transportation process. With these four factors in place you are now set to start your distribution business. The next subsection will be on how to start a rice distribution business.

Starting a Rice Distribution Company – Sample Business Plan Template

In as much as any rice business have an available market, you still need to conduct a feasibility study on the demand of rice in your location. You need to find out if there are retailers who are available to buy your rice produce and how fast they sell out to consumers.

This will help you have an idea of the market you have in your location; though you are not subjected to a particular location as a distributor because you should be able to distribute fast and wide within and outside your country wherever there is demand for your produce.

You may be required to get some sort of license in order to operate as a wholesale distributor in some states. Find out the license and other legal formalities applicable to your state and get them.

After you are done with your feasibility study and you are sure that there is an available market for your produce, it’s time to contact your supplier to supply the first consignment of produce for you. When you get the produce, you can choose to repack them to become your own brand. The branding may involve packing the rice in personalized sacks.

At this stage, you are done with the licensing, supply and branding, its time to find retailers and promote your product to them. chances are that they already have other distributors they buy from, so you have to give them reason to patronize your products; some incentives you can give to retailers to make them buy from you includes:

Free Samples

Some retailers maybe afraid to order from new distributors whom they don’t know the quality of rice they have to offer; one to get around the issue is to offer a small bag of rice; lets say 2kg as sample to any retailer who feel is a potential customer.

You can also offer to give some percentage discount for any distributor that will order a certain number of bags, or that can refer other distributors to buy from you.

Free Delivery

You can offer to give retailer free delivery services to any destination of their choice, if they can order for a certain number of bags of rice from you.

Payment on Delivery

You can offer this service to retailers who are in another location to build their trust; you ship out the produce and they pay once they get to see it.

Credit Supply

When you succeed in getting few regular retailers that large customer base, you can make a deal to supply them on credit for them to pay back after sales.

When the business is up and running, you need to have a good accounting system to keep track of income and expenditures. This will help you keep track of the business progress and to make amends in financial structures when necessary.

On a final note, this rice delivery business is very viable for anyone who wants to make quick turnover on his investment within the first few years.

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Executive summary of rice retailing business plan in nigeria..

PATILAD Rice is a start-up Rice distribution, retailing and marketing firm where we make quality and affordable edible polished rice available to the retail market. Our goal is to become the number one stop store for accessing high quality and superior brand local rice to consumers in North Central Nigeria with effective coverage of all the 6 states in the region. We are located in Lafia, Nassarawa state.

The Company

PATILAD Rice is established as a limited liability company owned by Dayo Adetiloye, Kemi Awe, and other investors.  The business is managed and directed by Dayo Adetiloye, a veteran in the agric. industry with 8 years’ experience and Kemi Awe, an experienced Agro-allied specialist with over 15 years’ experience.

Executive summary of Rice Retailing Business Plan in Nigeria.

Executive summary of Rice Retailing Business Plan in Nigeria.

To be among the first 3 largest Rice in North Central Nigeria by 2020.

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Products and Service

PATILAD Rice will sell packaged locally produced edible polished rice. We produce, process and package to meet the requirements of standard organization of Nigeria and international standard.

Nigeria, most populous black nation on earth presently consumes about 5 million MT of polished rice annually and about 36% of the rice consumed in Nigeria are imported.

According to the statistics from the Federal Ministry of Agriculture and Rural Development (FMARD), 1.8 million metric tons (MT) of polished rice valued at N660 billion was imported into the country in 2014 alone. Apart from the stiff competition imported rice pose to locally produced rice, they have lower quality and pose serious health hazards. However, the government bane on the import of rice provides incentive for increased production to farmers, mill operators marketers, transporters and other stakeholder within the Rice Industry.

PATILAD Rice is set up to bridge the gap with the enormous local production in the village through the provision of packaging, distribution and retailing services to these rice producers cum millers.

Executive summary of Rice Retailing Business Plan in Nigeria.


Competitors for PATILAD Rice are Choice Farms, Best Foods Global, Meat World Foods, Chi Farms, Obasanjo Farms. PATILAD Rice will establish its competitive edge through the expertise of its founders.

Management Team

Dayo Adetiloye

He has 10 years’ experience in Rice Retailing Business and has a Bachelor’s Degree in Agriculture from Obafemi Awolowo University Ile-Ife. He has master in business administration MBA from same school. I will be in charge of strategy planning for the business. He is the CEO of the Business.

Doyin Aderogba

He has been in the rice business for over 25 years. He has worked with 3 major rice distribution company in North Central of Nigeria. He as attended more than 7 training and organized workshops where he learnt advance Rice Retailing operations. He will co-manage the firm with Dayo

Read Also:  executive-summary-of-restaurant-business-plan-in-nigeria

We will manage the business to profitability by strategic production, marketing and sales.  We will provide quality assurance in the business by always upgrade our product and services to the taste of time. We will ensure proficiency by employing more people with production, marketing

Financial Considerations

PATILAD Rice seeks N10 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital. Funding for the launch of the business is provided primarily by equity from the partners and investors.

The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to the owners.  1 st year estimated revenue will top N84,400,000 with gross margin of N34,500,000.

To buy the remaining part of this business plan, including the detailed financial analysis, call any of our business plan consultants on 08105636015, 08076359735 and 08113205312. You can send a WhatsApp message or email us either at [email protected] or [email protected] .

We help institutions and organizations write concepts, implement Business plans, and train on business Plan writing in Nigeria.

We can help you write a detailed, bankable and comprehensive business plan for your business idea.

Call any of our business plan consultants on 08105636015, 08076359735 and 08113205312

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