Business plan catfish farming nigeria
Tilapia is very easy to cultivate and very popular in Nigerian market, it reproduces very rapidly and grows fast too. Secondly, you need a business plan for your fish farm if you intend to raise capital, or secure a loan from the bank for your fish farm.
Challenges and Risk involved 19 c.
In fishery, all you get is the flesh. You need to go for the high yield specie of catfish or tilapia and make sure you are getting it from a healthy farm.
Business plan for fish farming in Nigeria You can't run a business without having a plan.
Business plan catfish farming nigeria
Sensitive to Manage Fish is very sensitive to manage and a slight mistake could result to degenerated growth of your fish or even death which may cause massive revenue loss. You need to go for the high yield specie of catfish or tilapia and make sure you are getting it from a healthy farm. This way, they can reap and resell their fish within a short time. Borno state is well known nationwide in fish production , the recent fish farming provides an insight into the success of the business. I have seen several unemployed folks make it through this business; you too can also be successful if you understand the real keys to success. The truth is, not all kinds of fish are suitable for farming. The nursery operation is the basis for the grow-out operation and as such it cannot be operated without the nursery. Rampant cases of goiter sickness due to lack of iodine is been recorded in our hospital in recent times due to the scarcity of the main source of iodine, fish in most homes. Also, the ever increasing rate of unemployment in the country is truly becoming worrisome to the Government and well-meaning Nigerians. The demand for catfish is increasing due to the ever-increasing health consciousness of consumer. The reason for its profitability can be attributed to the fact that it is a food and it is always in demand. He is also the owner of Senm Computer School. Market Analysis 9 b.A small-sized pond costs about half a million naira to setup, but this is as a result of the cost of hiring labour and the construction costs.
Currently, the catfish is sold to main distributors at N per kilogram, and it is retailed at N per kilogram, this makes it reasonably cheaper, survey data has shown that the catfish is preferred to the frozen ice-fish in taste and nutritional value.
One thing good about catfish is that it is one of the easiest fish species to cultivate.
Tilapia fish farming business plan pdf
Ponds You need to hire an experienced pond construction engineer or you can also go to another fish farm to get specifications and design requirements. This is a big drawback on our scarce foreign exchange. I have work with many catfish farmers that are smiling to the bank. Projection of Annual Sales 11 5. Do not employ the right people. This is the market we intend to fill by taking our product Cat fish to the market. We are also planning to contact Bulk cold room buyers from in our target market, who are still looking for more fish supply as the fish demand and fishes stock have not been able to satisfy them and they are always on the lookout for more. Fingerlings a. The main economic significant of the business is to contribute towards narrowing down the fish demand- supply gap deficit in Nigeria as well as the supply of proteins and micro nutrients for feeding the teeming population Gombe State, North East and Nigeria at large.Much unlike poultry farming, fisheries can be established practically anywhere as they do not pose an environmental hazard.