Agriculture merchants Our Competitive Advantage It is easier to find entrepreneur flocking towards an industry that is known to generate consistent income which is why there are increase number of fish and seafood farmers in the United States of America and of course in most parts of the world. For example, Statistics has it that there are 2.
Catfish farming is an easy and flexible agriculture based business that can also fish farming business plan documents profitable. Farming catfish can be done anywhere if you have a suitable place and you can either take care of the protein needs of your own family or sell it to make more profit.
There are many species of catfish available in the market. The type of catfish you want to grow depends on what your target market is, what your feeding plans are, and what size pond and area you are thinking about setting up your farm on. Most species of catfish are resilient and prolific fresh water fish.
You can grow them easily and harvest them quickly with little effort in a small or large pond. A suitable fish ponds size can be from 0. All you need is a 5 gallon bucket and a pickup truck to start farming.
Starting a catfish farm The first step to starting a catfish farm is to decide what species of catfish you want to grow. It will depend on the size of your pond, operation of your farm, and the target market.
If you want to start a large catfish farm, you must have a large amount of capital.
A commercial catfish farm will require acres of land and about quarter of a million dollars to successfully run a commercial catfish farm. However, a small farm will need fewer amounts of land and smaller capital.
If you want to start small, you might begin with a small pond or you can start from a pond that you already have. A larger pond will yield more profit per pond and can grow larger fish, thereby making the expenses less per pound of fish.
Larger farms can buy supplies in bulk which saves on overhead costs. You will also need an aerator. An electric aerator is fine if you have electricity available, but if electricity is not available at your farm location, think about alternative sources of energy such as gas or diesel run aerators.
If you have a large pond already of about 0. You will have to make some modifications to it. A catfish pond must have smooth bottom, be clean and have a gradual slope.
You should allow excessive water to drain out of the pond. Make sure that your spillways allow inches of water to run off at a time.
Your pond depth should be 3 feet at the shallow end and 8 feet at the deep end.
Too shallow of a pond may encourage weed growth. Marketing plan To start your marketing plan, determine what type of catfish you will focus on. If you plan to have a large catfish farm, try selling your fish to fish processing plants.
Many farmers are able to buy shares of the fish processing plants to which they sell their fish. Your profit per pound might be smaller but you will make up the money through volume. If you decide to keep your catfish operation smaller, try targeting direct local customers in your area. Start with your relatives, friends and family.
Many customers are interested in buying fresh fish directly from the farm instead of buying frozen and packaged fish. Prepare a business plan Make sure to construct a detailed feasibility report of your farm, where you will have details about your capital, expenses, and profit.
Your feasibility report should include all essential items needed for your catfish farm operation and production annually, such as work force, feed, fuel, equipment, supplies, overheads, utilities, repairs and emergency funds. You will need a business plan if you want to secure financing for your business from a lender.
You may also have to pay expenses such as interests on your mortgage, loans, and insurance and finance charges if you already have a loan or mortgage on your property or secured financing for your business.Cat Fish farming Business Plan/Feasibility Study In Nigeria PDF.
THIS BUSINESS PLAN IS REGULARLY UPDATED AND CAN ALSO BE USED FOR BANK LOANS, GRANTS, PROPOSAL FOR COMPETITIONS ETC.. Fish farming Business Plan In Nigeria. FISH FARMING BUSINESS PLAN IN NIGERIA.
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A Sample Tilapia Fish Farm Business Plan Template Industry Overview The agricultural industry of which Fish and Seafood Aquaculture business is a subset of is no doubt among the leading industry in most countries of the world; it is the industry that produces fish and seafood for the populace.
Starting Tilapia Fish Farming Business Plan (PDF) Posted by admin | Agriculture, Business Ideas, Business Plans | 0 Tilapia fish farming business is a very profitable business, and many people are making money all over the world by starting tilapia farming businesses. Before Beginning the Aquaponics Business Plan User Guide Before beginning the development of your business plan, think about the primary reasons for starting an urban farm.
Documenting your reasons for starting the farm will help you focus the business plan and.