Starting Catfish Farming Business
Starting Catfish Farming Business
Starting Catfish Farming Business is a free guide for starters. As a matter of facts, we offer free Consultation on Fish farming. Furthermore, we also write wining business plans and feasibility Study for you on any Agribusiness setup.
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Similarly, Fish farming is one of a kind, especially in times like this when the said protein, most purchased by the rich has become more expensive. When I say the ‘said protein,’ I mean ‘meat.’ Hence, these days, people hardly buy meat; rather they prefer to go for fish, thereby increasing the market for fish. Before now, nobody ever considered fish to be of any importance, but with the advent of things in Nigeria and the cost of meat and other poultry products, fish is now ‘Gold’ in the market and everyone wants to go for fish thereby, increasing the profits gained by fish farmers, most especially Catfish Farming.
According to statistics, fishery products constitute 60% of ‘meat’ products in the Nigerian market because, of the popularity it has gained and its affordability compared to poultry products (chicken) and other domestic animals (cattle, goat, rabbit, etc.)
Furthermore, another reason why fish farming is most profitable in Nigeria is because, of its nutritional value, as it is said to be one of the highest source of protein, containing Omega-3 fatty acids, Vitamins D and B2(riboflavin,) Calcium, Phosphorus, Minerals such as iron, zinc, iodine magnesium and Potasium.
Fish farming is also of great benefit because, it does not take time for the fish to grow to maturity, as the fish can be fed with certain feeds, ensuring that they are harvested and sold within a short period of time.
In Nigeria, fish farming is very profitable, in the sense that, if a fish farmer or someone who intends to invest in fish farming, should invest the sum of three million naira, s/he could easily make a profit of four million naira within six months. This is due to the fact that, fish farming can be set up anywhere, including residential areas, without any regulatory precaution.
To start a fish farm in Nigeria requires a little training on the part of the fish farmer:
• S/he has to siphon the pond every morning, so as to remove the remnant of the fish feed, the waste products of the Catfish, this is done using a siphoning host, hence, the fish farmer requires a skill in SIPHONING.
• The fish farmer must endeavour to change the water in the pond at least every three days or on a weekly bases, depending on the growth of the Catfish.
• S/he must also endeavour to check the Catfish always, so as to separate the little ones from the big ones, as some may grow faster and bigger than the others, and Catfish being cannibalistic, the bigger ones will began to eat the smaller ones.
To start a fish farm in a small/medium scale depends greatly on the location, it could be in Lagos, Abuja, Port Harcourt, Akwa Ibom, etc. but the cost of starting a fish farm is greatly dependent on the location. To start a fish farm in Nigeria requires the following:
• Bore hole
• Tank
• Fish pond
• Electricity for pumping water
• Staff
• Fish feed
Like I said before, the cost of starting a fish farm is relative, in the sense that, it depends on the location. For instance, if you were to start a fish farm in Lagos, you would first of all need to purchase a plot of land to construct the fish pond, and a plot of land in Ibeju-Lekki would cost you up to 750,000 naira.
Okay let’s take a case study of the cost of Catfish Farming in Anambra State, Nigeria. Say, we want to set up a Catfish Farm of capacity, 10,000 with high breed of Fingerlings; we would take into consideration the aspect of pond construction as well as marketing.
The farm in question would have 10 concrete ponds of flow through system and each pond would contain 1,000 stocked Catfish
Each pond is 3m by 2.5m by 1.4m.
Each pond consumes 210 blocks.
Each bag of cement for 30 blocks.
Therefore, 210 blocks X 10 ponds = 2,100 blocks.
2100/30 = 70 bags of cement needed.
Therefore, 70 bags X 2,000 naira = 140,000 naira.
4trips of sand used = 8,000 naira X 4 = 32,000 naira.
2trips of gravel = 32,000 naira X 2 = 64,000 naira.
Cost of labour = 180,000 naira.
Cost of plumbing (inlet and outlet) = 100,000 naira.
Cost of borehole = 500,000 naira.
Cost of treatment = 60,000 naira.
Cost of high breed fingerlings = 30 naira X 10,000 = 30,000 naira.
Cost of feeding from day one to maturity stage is 200 bags of foreign feed = 1,000,000 naira.
Average weight of fish = 1.7kg.
Each sold at = 800 naira.
= 800 naira X 9800 fishes.
= 6,860,000 naira.
Total expenses = 2,236,000 naira.
Gain = 4,624,000 naira in 6 months.
Factors to Consider When Selecting a Location for Your Fish Pond
• Local government permit to construct a dairy effluent pond.
• Buffer distance from sensitive areas.
• Industry recommended distances.
• Soil type.
• Test holes.
• Proximity to groundwater.
• Maximize opportunities for effluent use.
• Future development of the farm.
• Conveyance of effluent.
• Proximity to calf rearing.
• Avoidance of tree plantations to prevent pond shading.
• Accessibility to laneways and gateways to allow large machinery to access the ponds.
• Allowance for the installation of trafficable solids trap.
• Space for future expansion.
Factors to Consider When Setting Up a Pond
Market: There should be a fish market near-by to allow for high capacity of sale of fish from pond harvests.
Nature of the soil: The soil should be of clay, which has high capacity to hold water. Examples of clay soil is Clay & Silt.
Topography: It should be an area where enough water can be impounded with the lowest amount of earth fill.
Water availability and quality: Water should be readily available like a borehole and be of good quality, such that would enhance the healthy growth of the fish.
Types of Pond
• Earthen pond
• Excavated pond
• Embankment pond
• Concrete pond
• Plastic pond
Excavated pond: This is built on a level terrain and its depth is achieved solely by excavation. This type is safe from flood damage, requires low maintenance, and can be constructed to expose a minimum water surface area in relation to volume.
Concrete pond: 4-5 coaches of blocks are used to build the pond above the ground level, with the use of cement, sand and gravel in ratio 1:2:4 respectively with water. This type is quite cheap, at least it does not require you to buy a plot of land, you could actually build it at your backyard.
Plastic pond: This is another less expensive way of constructing a pond. It just requires you buy plastic tanks as production units. Although, it’s believed to be easier to manage, especially with the fact that, Nigerian farmers have limited land. The quantity of fish harvested from such small unit is more easily marketed than harvest from large fish pond.
Chris Farm Nigeria develops well self-explanatory, irresistible feasibility studies or business plan for your Business start ups, Business Growth or Expansions through either personal funds, Grants, or loans, which could be new or existing ones. We delight in writing for people under Academic sectors, production sectors, manufacturing sectors, processing or packing sectors, advertising sectors, marketing sectors and other related sectors on mini, middle and large scale businesses.
For your Agribusiness, either production, processing, marketing of any Agro-industry, our feasibility studies or business plan are explicit.
Generally, our feasibility study and business plans are developed so well that it becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are expected to see when you put the feasibility study or business plans into use. It also shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output, and how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. This will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. With that, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.
You can use this format in developing your own business Plans and feasibility Study
According to statistics, fishery products constitute 60% of ‘meat’ products in the Nigerian market because, of the popularity it has gained and its affordability compared to poultry products (chicken) and other domestic animals (cattle, goat, rabbit, etc.)
Furthermore, another reason why fish farming is most profitable in Nigeria is because, of its nutritional value, as it is said to be one of the highest source of protein, containing Omega-3 fatty acids, Vitamins D and B2(riboflavin,) Calcium, Phosphorus, Minerals such as iron, zinc, iodine magnesium and Potasium.
Fish farming is also of great benefit because, it does not take time for the fish to grow to maturity, as the fish can be fed with certain feeds, ensuring that they are harvested and sold within a short period of time.
In Nigeria, fish farming is very profitable, in the sense that, if a fish farmer or someone who intends to invest in fish farming, should invest the sum of three million naira, s/he could easily make a profit of four million naira within six months. This is due to the fact that, fish farming can be set up anywhere, including residential areas, without any regulatory precaution.
To start a fish farm in Nigeria requires a little training on the part of the fish farmer:
• S/he has to siphon the pond every morning, so as to remove the remnant of the fish feed, the waste products of the Catfish, this is done using a siphoning host, hence, the fish farmer requires a skill in SIPHONING.
• The fish farmer must endeavour to change the water in the pond at least every three days or on a weekly bases, depending on the growth of the Catfish.
• S/he must also endeavour to check the Catfish always, so as to separate the little ones from the big ones, as some may grow faster and bigger than the others, and Catfish being cannibalistic, the bigger ones will began to eat the smaller ones.
To start a fish farm in a small/medium scale depends greatly on the location, it could be in Lagos, Abuja, Port Harcourt, Akwa Ibom, etc. but the cost of starting a fish farm is greatly dependent on the location. To start a fish farm in Nigeria requires the following:
• Bore hole
• Tank
• Fish pond
• Electricity for pumping water
• Staff
• Fish feed
Like I said before, the cost of starting a fish farm is relative, in the sense that, it depends on the location. For instance, if you were to start a fish farm in Lagos, you would first of all need to purchase a plot of land to construct the fish pond, and a plot of land in Ibeju-Lekki would cost you up to 750,000 naira.
Okay let’s take a case study of the cost of Catfish Farming in Anambra State, Nigeria. Say, we want to set up a Catfish Farm of capacity, 10,000 with high breed of Fingerlings; we would take into consideration the aspect of pond construction as well as marketing.
The farm in question would have 10 concrete ponds of flow through system and each pond would contain 1,000 stocked Catfish
Cost of Construction of Each Pond
Each pond is 3m by 2.5m by 1.4m.
Each pond consumes 210 blocks.
Each bag of cement for 30 blocks.
Therefore, 210 blocks X 10 ponds = 2,100 blocks.
2100/30 = 70 bags of cement needed.
Therefore, 70 bags X 2,000 naira = 140,000 naira.
4trips of sand used = 8,000 naira X 4 = 32,000 naira.
2trips of gravel = 32,000 naira X 2 = 64,000 naira.
Cost of labour = 180,000 naira.
Cost of plumbing (inlet and outlet) = 100,000 naira.
Cost of borehole = 500,000 naira.
Cost of treatment = 60,000 naira.
Cost of high breed fingerlings = 30 naira X 10,000 = 30,000 naira.
Cost of feeding from day one to maturity stage is 200 bags of foreign feed = 1,000,000 naira.
Average weight of fish = 1.7kg.
Each sold at = 800 naira.
= 800 naira X 9800 fishes.
= 6,860,000 naira.
Total expenses = 2,236,000 naira.
Gain = 4,624,000 naira in 6 months.
Factors to Consider When Selecting a Location for Your Fish Pond
• Local government permit to construct a dairy effluent pond.
• Buffer distance from sensitive areas.
• Industry recommended distances.
• Soil type.
• Test holes.
• Proximity to groundwater.
• Maximize opportunities for effluent use.
• Future development of the farm.
• Conveyance of effluent.
• Proximity to calf rearing.
• Avoidance of tree plantations to prevent pond shading.
• Accessibility to laneways and gateways to allow large machinery to access the ponds.
• Allowance for the installation of trafficable solids trap.
• Space for future expansion.
Factors to Consider When Setting Up a Pond
Market: There should be a fish market near-by to allow for high capacity of sale of fish from pond harvests.
Nature of the soil: The soil should be of clay, which has high capacity to hold water. Examples of clay soil is Clay & Silt.
Topography: It should be an area where enough water can be impounded with the lowest amount of earth fill.
Water availability and quality: Water should be readily available like a borehole and be of good quality, such that would enhance the healthy growth of the fish.
Types of Pond
• Earthen pond
• Excavated pond
• Embankment pond
• Concrete pond
• Plastic pond
Excavated pond: This is built on a level terrain and its depth is achieved solely by excavation. This type is safe from flood damage, requires low maintenance, and can be constructed to expose a minimum water surface area in relation to volume.
Concrete pond: 4-5 coaches of blocks are used to build the pond above the ground level, with the use of cement, sand and gravel in ratio 1:2:4 respectively with water. This type is quite cheap, at least it does not require you to buy a plot of land, you could actually build it at your backyard.
Plastic pond: This is another less expensive way of constructing a pond. It just requires you buy plastic tanks as production units. Although, it’s believed to be easier to manage, especially with the fact that, Nigerian farmers have limited land. The quantity of fish harvested from such small unit is more easily marketed than harvest from large fish pond.
Do you know you can actually save yourself off this stress?
Engage CHRIS FARM NIGERIA to give you a professional business plans and a feasibility that will suit your demand today.
For your Agribusiness, either production, processing, marketing of any Agro-industry, our feasibility studies or business plan are explicit.
Generally, our feasibility study and business plans are developed so well that it becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are expected to see when you put the feasibility study or business plans into use. It also shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output, and how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. This will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. With that, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.
You can use this format in developing your own business Plans and feasibility Study
OUR TABLE OF CONTENT INCLUDE;
SECTION 1(Business plan section)
- SECTION I – EXECUTIVE SUMMARY
- NAME OF BUSINESS / COMPANY
- OFFICE & SITE LOCATION
- MOTIVATION
- MISSION STATEMENT
- SOCIAL/ECONOMIC VALUE
- PROJECT STATUS & START UP
- WHY PREPARE THIS BUSINESS PLAN?
- SECURITIES FOR THE PROPOSED LOAN
- REPAYMENT
- SECTION II – STUDY AREA
- STUDY AREA
- COMPANY OVERVIEW
- MANAGEMENT TEAM
- DEPARTMENTS IN THE COMPANY
- EXPERIENCE
- MANAGEMENT TEAM GAPS
- SECTION III – INDUSTRY ANALYSIS
- DEFINING YOUR INDUSTRY
- YOUR INDUSTRY SIZE GROWTH RATE AND SALES PROJECTIONS
- INDUSTRY STRUCTURE
- MARKET OVERVIEW
- MARKET SEGMENTATION
- RELEVANT MARKET SIZE
- KEY SUCCESS FACTORS
- LONG TERM PROSPECTIVE
- MARKET CHARACTERISTICS
- SAMPLING TECHNIQUE
- SECTION IV – CUSTOMER ANALYSIS
- TARGET CUSTOMERS
- CUSTOMER NEEDS
- MARKET NEEDS / SOCIAL PROBLEMS AND SOLUTIONS
- BUYERS BEHAVIOUR
- MARKET SHARE
- SALES FORECASTING
- SECTION V – COMPETITIVE ANALYSIS
- DIRECT COMPETITORS
- COMPETITIVE ADVANTAGES
- SECTION VI – MARKETING PLAN
- PRODUCTS & SERVICES
- FINISHED PRODUCTS
- PRODUCT QUALITY AND PRODUCTION QUANTITY
- PRODUCTION CAPACITY
- PRICING
- PROMOTIONS PLAN
- DISTRIBUTION PLAN
- SECTION VII – OPERATIONS PLAN
- GENERAL APPROACH TO PRODUCTION
- TECHNICAL ANALYSIS / PRODUCTION PROCESS
- EQUIPMENT
- PACKAGING REQUIREMENTS
- SECTION VIII – FINANCIAL PLAN
- REVENUE MODEL
- FINANCIAL ANALYSIS
- FINANCIAL ASSUMPTIONS
- FINANCE CHARGES
- FINANCIAL PROJECTIONS
- FUNDING REQUIREMENTS/USE OF FUNDS
- CRITICAL ASSUMPTIONS
SECTION 2(Feasibility study section)
- FINANCIAL MODELS
- SUMMARY OF PROJECT COST
- BUDGET OF FIXED ASSETS / CAPITAL EXPENSES / INVESTMENTS
- DEPRECIATION
- UTILITIES
- OPERATING EXPENSES (OPEX)
- TOTAL REQUIRED INVESTMENT OUTLAY (REQUIRED START-UP CAPITAL)
- FINANCING PLAN
- INSTALLED / AVAILABLE EQUIPMENT
- BREAK-EVEN ANALYSIS
- LOAN REPAYMENT SCHEDULE AND INTEREST PAID
- FORECAST OF PROFIT AND LOSS
- CASH FLOW
- BALANCE SHEET
- GENERAL ASSUMPTIONS (BREAK EVEN ANALYSIS)
- BUSINESS RATIOS - PROFITABILITY ANALYSIS
- CONCLUSION
- SECTION 3 – APPENDIX
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· NOTE; According to our policy, we are not “allowed / permitted” to disclose peoples business or written feasibility study, “to anyone”, irrespective of their personality.
· BUT, WE are permitted to display only executive summary.
· This is just a sample of our executive summary on poultry feasibility study and business plan, carried out in Rivers State.
· 1st sample;
These Feasibility study on poultry farming business (specializing on layers and boilers production), was conducted using projections, impressive publications, compounding interest/values, tables, graph, bar chart, pie chart, profits analysis and cash flow positions in other to give a clear picture of what is obtainable in that location, using eight plots of land, at Esemdiary village, Off Effurun Sapele Road, Okpe LGA of Delta state, Nigeria as a case study.
Esemdiary village is a community in Okpe Local Government Area of Delta State with coordinates 05°26’N 5°57’E, which also plays the host community to the Warri Airport, which is actually located at Osubi.
Okpe Local Government is a territory that used to be part of the original Okpe Kingdom, its headquarters is at Orerokpe, with a population of 128,398 people whose primary occupations include commercial farming, fishing, hunting, trading and gas exploration.
After carrying out the feasibility study on Esemdiary village, Off Effurun-Sapele Road, Okpe LGA of Delta state, Nigeria, it was discovered that, farming generally will do well both on crop and animal production.
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