Vardan Hovhannisyan
Farming of Wheat Seeds
Vardenik Village, Gegharkunik Marz

Project Summary

In this business plan, the estimation of existing and planned volumes of wheat seed production is introduced. This production is organized in Vardenik village of Gegharkunik marz. I have been busy with wheat production since 1992. In 2005, I began to work also with wheat seed production. The farm is busy with the cultivation of spring-sown and autumn-sown wheat.

The family members are busy with farm tasks.

Generally, six hectares of land are cultivated, rented from the local government of Vardenik. In the case of receiving the seed and using the wheat, from six hectares, the annual profit is about 2 million dram.

The farm has a goal to improve the wheat cultivation space, in both rented and owned lands that the owner will soon acquire. It is predicted to cultivate 10 hectares of land space in 2010, and receive a 3.5 million dram profit.

Project Financial Analysis

Project Costs: 
1,820,000
Total Equity: 
3,800,000
Requested Amount: 
0
Profit : 
2,500,000
Current employees: 
2
New employees: 
2

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