2020 the business of farming soil worms

2020

THE BUSINESS OF FARMING SOIL WORMS

Creating wealth from the Global Trade of Earthworms, Organic Worm Fertilizers and Vermicompost

WF

HOSTED BY: PRESENTATION BY:

Amandla Omnotho13 June 2021, 2-3PMOnline, Zoom Meeting

1www.agribusinesscorner.co.za l (031) 023 0079 l [email protected]

Mr. Nkosinathi Nkosi

Executive Director

[email protected]

071 7044 336 (WhatsApp Only)

www.agribusinesscorner.net

2021

TEAM ABC VISION:

We build sustainable projects to establish businesses


…and we are intentional about

EQUIPING for growth

Aiming for EXCELLENCE

Seeking for COLLABORATION

2021

WORM FARMING PROJECT:

Presentation Overview (5W2D)

02

• WHY this project?

• WHAT do we do?

• WHO can benefit/participate on the project?

• WHEN does the project end?

• WHERE can the project be done?

• HOW does the production occur?

• HOW MUCH quantities of worms needed and the costs?


PERSONAL FARMING EXPERIENCE

SQUARE METER VALUE


2021

Cabbage: 4 x R10 = R40 Turmeric: 2kgs x R200 = R400Worms: 10kgs x R350 = R3500

Range: R250 – R1600/kg

2021

INTRODUCTION TO WORM FARMING:

How it all started…

Waste Management, Domestic Worm Farming Training in 2018

Experimental Learning on large scale 2019


2021

INTRODUCTION TO WORM FARMING:

…and moving forward

Pretoria, Gauteng, SAFarm Waste Management, Commercial Worm Farming Trials late 2019

New Hanover, KZN, SATraining and Demo Site 2020/2021


Richmond, KZN, SA Vermicomposing & Breeding Commercial Large Scale Trials early 2020

20201. WHAT’S THE PROBLEM?

Business Case – The WHY?


Land Degradation, caused by excessive use of synthetic fertilisers leading to- Poor Yields

Food Insecurity, insufficient quantity of affordable, nutritious food - High Prices (organic)

Poor Waste Management,Landfills are getting full and causing air pollution leading to- Diseases/High Maintenance

Unemployment – Irrelevant/Outdated Education System - Lack/Poverty

20202. PROJECT SCOPE

WHAT do we do actually?


We train farmers to raise earthworms for breeding purposes (vermiculture) and provide extension services and market access.

20203. STAKEHOLDERS

WHO can benefit from the project?


The projects is designed to benefit smallholder farmers and individuals who have no farming or agricultural background.

Other potential beneficiaries: • Organisations (NPOs/NPCs)• Existing Businesses • Tertiary Institutions • Schools• Municipalities

20204. PROJECT DURATION

WHEN will the project end?


The project is set to run for 3 years (2020-2022), however growers are only issued a 12 months renewable contract which is assessed through the Grower Development Model.

If a grower shows commitment and is able to supply the required quantities, the contracts gets renewed.

No more new growers in 2023 going forward.

20205. PROJECT LOCATION/SPACE/ENVIRONMENT

WHERE can the project be done?


1 Trillion Worms, - 250 000 tons - Africa in 2022 *Phase 3

1 Billion Worms, - 250 tons - South Africa in 2021 *Phase 2

1 Million Worms, - 0.25 tons (250kgs)- KwaZulu Natal in 2020

*Phase 1

Over 850 kgs of worms sold to more than 50

farmers

KwaZulu Natal, Eastern Cape and Gauteng

Mpumalanga/Free State –loading

South Africa Swaziland

Nigeria – loading

• Anywhere in Africa, as long as they can be a space as big as the size of a single bed 🛌• It can be indoors or outdoors

20206. PROJECT PROCESS

HOW does it work?


Project Process1. You start by booking for training and attend 2. Then buy your starter pack which will get

you get started3. You set-up your farm while waiting for your

starter pack delivery (which can take 60 days)

4. Start production process as soon as you receive your stock

5. Manage your farm and harvest quarterly 6. Weigh and package your worms properly 7. Sell to ABC and make your payment on the

following month after collection - then repeat the production process

Production• Production is calculated based on the 3m2

(3m x 1m) size worm-bed ABC model. However, growers can chose to work on more square meters.

• Recommended initial stock to start with is 10kgs/m2, meaning 30kgs of worms for 3m2 bed.

• Worms eat half the size of their body weight and they feed on animal manure.

• Worms double their population in 3 months, and self regulate when space is limited. Therefore, harvesting is crucial every 3 months.

20207. PROJECT TARGETS

HOW MUCH quantities and costs required?


Targets

- 1 Trillion Worms (250 000 tons) @ Africa in 2022

- 1 Billion Worms (250 tons) @ South Africa in 2021

- 1 Million Worms (0.25 tons) @ KwaZulu-Natal in 2020

Budget

You buy a Starter Pack @ R12 000

ABC buys worms at a fixed price of R350/kg

Income/Revenue therefore: R350 x 30kgs = R10 500/bed quarterly = R42 000/bed yearly

2021INCREDIBLE ECONOMICAL RETURNS:

1 Business

3 Products


2021

06

WORM FARMING:

Products


2021

06

UNTAPPED MARKERTS:Equipment & Machinery


2021

06

GLOBAL MARKETS:The Compost and Organic Food Markets


DUBLIN, Oct. 4, 2019 /PRNewswire/ -- The "Compost Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The global compost market is expected to reach an estimated $9.2 billion by 2024 with a CAGR of 6.8% from 2019 to 2024.

The future of the compost market looks promising with opportunities in the agriculture, home gardening, landscaping, horticulture, and construction industries. The major drivers for this market are increasing demand for organic products and growing awareness regarding the disadvantages of chemical fertilizer and pesticides.*Compound annual growth rate (CAGR)

The global organic food market is expected to grow from $201.77 billion in 2020 to $221.37 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%.

The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact.

The organic food market is expected to reach $380.84 billion in 2025 at a CAGR of 14.5%.

https://www.thebusinessresearchcompany.com/report/organic-food-global-market-report

https://www.researchandmarkets.com/reports/4846238/compost-market-report-trends-forecast-and?utm_source=CI&utm_medium=PressRelease&utm_code=qb6x7v&utm_campaign=1305221+-+Global+Compost+Market+Report+2019%3a+%249.2+Billion+Market+Opportunities%2c+Trends%2c+Forecast+and+Competitive+Analysis%2c+2013-2024&utm_exec=chdo54prd

2021BECOME A WORM FARMER

WORM FARMING TRAININGS

3 Days

Day 1: TheoryDay 2: PracticalDay 3: The Business

Learning by doing approach

For Growers/Farmers


2021


2021

06

THANK YOU:


2020 the business of farming soil worms

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