September 13, 2021Agric DigestEventsFish Farming
WHAT IT TAKES TO START A SIMPLE FISH FARMING
Fish farming, like most farm operations, requires hard work and exists in a supply and demand market. Finding a niche or becoming essential to an industry or market is key. … Once you are established as a trusted source, you’ll be able to expand your types of fish and potential customers.
Fish is a healthy and nutritious source of protein which is popular around the world. Industrial fish farming, or aquaculture, provides almost half the seafood around the world and this is expected to increase with time as more people are embracing fish farming due to its lucrative nature.
Starting a fish farm in Nigeria requires some reasonable amount of money. The amount you will need to start your own fish farming will depend on how big or small you want the farm to be.
In general term, fish farming requires adequate funding both for the start-up, maintenance, medication and feeding.
There are major expenses when it comes to starting or running a fish farm. Below are some Fish Farming project/setup cost for each of them;
As such, you will need a good water supply to the ponds for easy change of water from the ponds and that will extract a different cost.
I spoke to a friend whose dad started a fish farming business. He was able to give me an estimate of what he used to start the farming.
Sample of Fish Farm Starting Cost.
|Item/Project||Amount in Figures (Naira)|
|Construction of ponds||N100,000|
|Feeding||N30,000 per month|
Another Cost of fish farming production from a small scale fish farmer.
Total cost= 300,000 + 200,000+ 137,000 = 637,000.
Average expected weight after 5 months is 1kg.
Table size catfish is sold between N1200-N1300. 1200×900= 1,080,000
Total revenue- Total cost= N1,080,00 – 737,000 = N443,000.
Kindly note that the cost of production will reduce as continuous farming is done.