With the number of livestock farming business increasing, the demand for feed mill suppliers grows as well. This makes the industry attractive to entrepreneurs who are looking to start a new venture. At the same time, this calls for the existing feed mill businesses to improve and become more competitive.
The single most important part of putting up this kind of business is looking for the perfect feed mill provider. With several choices at hand, being critical is a vital trait in choosing the right supplier. In order to prevent unnecessary problems in the future, it is essential to consider other more factors apart from just the cost of the supplies.
To help you figure out which feed mill provider suits your needs best, we made a list of all the things you might want to ask your prospect suppliers.
1. Get to know your feed mill provider better
This is rather a task than a question. Your feed mill provider is your most crucial supplier. Because they will be your main partner in setting up this business, it is important to get to know them inside and out. If possible, pay a visit to their location. Check out their facilities, take a look at the equipment, know more about their services, and get to know their personnel. While you’re there, take the opportunity to ask questions such as:
- How long have you been in the business?
- How many feed mill businesses have you supplied to so far?
- Any notable feed mill business that you have supplied to?
2. Does the facility have a permit?
In order to deem legal, all businesses in the Philippines need to be registered and applied for licenses. Check if all the applicable permits are complete, and if not, consider this as a red flag.
3. Do they offer a complete feed mill?
A complete feed mill service begins with planning up to providing the complete equipment. If your supplier offers this, consider it as a big plus point! There are many advantages of equipping a complete feed mill such as lower production costs, smaller need for manpower, and less process residue among others.
4. What advantages can they offer in terms of animal performance?
The products and equipment to be used should improve the health and performance of the livestock. The feed mill provider should be knowledgeable when it comes to the right amount of nutrients needed for the animals. Being an expert, they should be able to confidently recommend the fitting equipment to use in order to produce a certain product.
5. Do they offer a custom feed mill service?
In case you have already inquired to many feed mill providers but still can’t seem to find a service that matches your preferred service, you can consider acquiring a custom feed mill. Ask your provider if they offer custom services wherein you can choose the exact features you want to be included in your feed mill.
6. How much is the expected ROI?
Just like any other investments, you have to consider your budget, the cost of their service, and your financial forecast. Is there enough capital left to cover the other expenses of putting up your business? In terms of productivity, is the cost of their service worth investing as seen on your financial forecast?
Consider this checklist when scouting for the perfect feed mill provider. We guarantee you, this will save your business from tons of unnecessary problems in the future.
You can also come to us for feed mill products and services.