Garliculture in Batangas: A feasibility study on the production of garlic in Batangas Allayne M. Angoluan, Jericho Dec M. Aricayos, Ashley Andrei P Dela Rosa, Verlizza Rhina G. Ganotice, Cherilyn B. Rebadulla, Loriebeth P. Ruiz, Ma. Jona Rose S. Valbuena 6

Feasibility Study: (BSBA major in Business Economics) - Pamantasan ng Lungsod ng Maynila, 2023 56

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Executive Summary a. Brief Description of the Project One of Filipino cuisine's most widely used ingredients is Allium sativum or garlic. Besides its popularity as an ingredient due to its unique flavor, garlic also has its own medical and health benefits. Locally known as 'Bawang,' garlic comes from a plant that produces fresh or dried bulbs. These bulbs, or cloves, are the part that is being used the most, commonly as a food ingredient. Despite the rising demand for the crop, the Philippines' garlic industry's output has been steadily declining. The project proponents see this as an opportunity to start a business that will not just provide a source of income but also help raise the supply of local garlic to fill the gap in the demand for the crop. Artic Crow is a business partnership involved in agricultural and industrial activity. Particularly garlic production. The company operates a garlic farm, where crops are cultivated in greenhouses and, when harvested, sold in the market. The firm commits to producing high-quality garlic that will satisfy the needs of Filipinos, particularly the residents of CALABARZON, which is the focal point of the study. Moreover, it aspires to lead the Philippines in producing first-class agricultural products that will be highly recognized globally. b. Market Feasibility Garlic Crew aims to sell its produce in the markets within Cavite, Laguna, Batangas, Rizal and Quezon with future expansion plans to be able to serve a larger number of markets and sellers from other municipalities. This aspect analyzes the demand and supply of garlic in the chosen location. For the past 10 years, CALABARZON has experienced an increase in historical demand, which is also the case for the projected demand. On the other side, CALABARZON's historical supply and projected supply both show a declining trend, which caused a significant market disparity. Garlic Crew is expected to have a market share of more than 5% in the whole region. This chapter also covers the target market of the business, which helps determine the kind of marketing strategies to be used in selling the product to the customers. c. Technical Feasibility The methods, conditions, and requirements for planting and cultivating garlic, as well as the supplies and equipment needed for this operation, are determined and covered in this part. Additionally, this section will cover company-specific information that will help our future clients understand their dedication to quality and openness, such as the company logo, site location, and plant layout. The business is situated on a plot of property measuring 87,000 square meters, or 8.7 hectares, in San Pascual, Batangas. The farm has an office, sleeping accommodations for the workers, storage space, 48 greenhouses for the garlic, and a warehouse. Over the next five years, Garlic Crew's production capacity will increase. d. Management Feasibility This section discusses the ownership of the business, which will be structured as a partnership, and will be shared by all Parnantasan ng Lungsod ng Maynila Bachelor of Science in Business Economics degree graduates. Farmers, drivers, maintenance workers, accountants, and the general manager make up the labor force needed by Garlic Crew. The company's hierarchy and rules will be determined by organizational policies and the organizational chart, which all employees must follow. The general manager's salary and compensation are listed as being above the national minimum wage while the rest of the workforce is paid the national or provincial minimum wage. Employees will receive benefits, notably those given by the government like SSS and Philheaith, as well as salary increases of 5% annually. Permits required for business operation are obtained in order for the business to be legally operated. e. Financial Feasibility The principal source of funds for the Company shall be the personal savings and assets of the Partners and Creditors. All of these, together with other financial operations, results, and cash flows, will be listed on the financial statement. In the case of equity, profits and losses are allocated proportionately, and extra loans are provided in the event of a loss. Depreciation and inflation rates will be taken into consideration as all assets and costs are documented. For the following five years, the total of assets, liabilities, and equity grows. Garlic Crew's Net Income After Taxes rises modestly each year and won't be able to double its initial value until its fifth year of operation. f. Socio-economic Feasibility Garlic Crew is dedicated to preserving the rights and welfare of its stakeholders, including its consumers, employees, the government, and the Filipino community, with the aspiration to give the people of CALABARZON, job possibilities in addition to increasing revenue from our products by making the supply of garlic more reasonably priced. Additionally, the business will assist the neighborhood by providing a direct supply of garlic within the city to reduce the cost that drives up the price of garlic there. By paying due taxes, this project will also support the region's future growth plans and activities.

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