0086-13782761576 There are different breeds of fish, we have Catfish, Tilapia Fish, Mackerel(Titus) but Catfish and Tilapia Fish are the basic once reared in this part of the world and are in high demand. Conduct Your Feasibility Studies; 2. For example, a 17×15-foot concrete, tarp or plastic container can comfortably hold 500-1000 small fish or juveniles. Find out the information you need below. First of all, commercial farming demands some sort of skill, knowledge, and expertise. READ ALSO: PROFITABILITY OF POULTRY FARMING IN NIGERIA. As a startup company, you can start from a quarter or half of the land. So try as much as possible to find out which is best for your fishes. Answered August 6, 2020 Price of RAS Fish Farming Equipment in India: A set of RAS equipment costs up to Rs 30,000 to 50,000 in India. Fish farming is very profitable. Fish farming in India is really very profitable and risk less business. A 1000-liter RAS system cost up to 3 to 4 Lakhs in India. A fish farm or fish based business could easily generate a good amount of money. I reside in abeokuta, Thanks for your explanations on starting up a fish farming business,but pls hw much is required to start with 50 juveniles as a young entrepreneur who is just think of becoming self employed.thank you as i await your response. Table 1. In the case of tight budgets, entrepreneurs planning to start a small fish business can choose plastic fish tanks or tarpaulin ponds. For starters, you can run the nutrition fish farm yourself. There are more than a hundred species of fishes in the whole world some of which are Nile tilapia, goldfish, trouts, Atlantic mackerel, common carp, swordfish, Atlantic salmon, greasy grouper, pangas catfish and so many more. Does it really worth my time, money, and effort? If you want to start small with like 50 Juveniles, you just need a fish farming tank at your backyard or anywhere comfortable in your compound where you will have access to water and if you want to start big like 10,000 juveniles, you will need to acquire plots of Land and do necessary pond construction to take the 10,000 juveniles. However, with plastic or tarpaulin pond types, you can be very flexible because the construction is relatively simple. With proper planning and good management, N3 million investment in fish farming could easily result to N4 million of pure profit within six months. Through the fish feed extruder we can use cheap local raw materials to produce high-quality feed according to the nutritional needs of fish, which may save your feed breeding costs. Even though there are different feeds for fishes, we will advise you to use foreign feeds (but you can make your findings on good local feeds, there are definitely good local feeds too)  as the business is mainly for commercial purpose and you want the fish to grow well in the shortest period for you to get your profit on investment. What is fish farming? Photos of ponds packed with eagerly feeding fish are capturing the imagination of people across the country. No Environmental Hazard. Water testing equipment such as a thermometer (important) or aquarium test kits (if you can get it). If you want to start with a concrete pond, hire a professional service team. This is an over-budgeted estimate, just to be on the safe side, 1000 kg budgeted for feeding will definitely give you more than the 1 kg weight of the fish and you will be able to sell it at a higher price. There are two basic methods of farming fish depending on the species of fish you are farming, you could make use of open-net cages in the ocean or you could make use of ponds/containers. Depending on individual capacity, it could be done on a large scale where you need to acquire plots of land or at your house on a small scale. As the more experienced you are, the higher are the chances of your success. If you’re interested in finding out all about fish farming, continue reading this post.eval(ez_write_tag([[580,400],'thedailysblog_com-medrectangle-3','ezslot_7',808,'0','0'])); Agriculture is one of the trending lucrative business in Nigeria due to the high demand for food. 274 views Before jumping into fish farming, however, it is wise to temper your enthusiasm with an objective look at the benefits and disadvantages involved. Freshwater fish farming is severely limited by the supply of suitable water: of both the correct quality and quantity. READ ALSO: COMPLETE GUIDE ON HOW TO START SNAIL FARMING IN NIGERIA. Keep fishes in a large tank with a large volume of water as small tanks restrict fish growth and can lead to stunted growth. With the earning from fish farming, he has also bought a Combine harvester and fodder machines. So, let us see how profitable it could be and how much does it cost to start a fish farm. Your costs will include labor, land, pond construction, equipment, and all other operating funds. 3. What is the most profitable fish to farm? However, our focus today... Who is Burna Boy and what is Burna boy networth? Try as much as possible to regulate the temperature of the tanks as some fishes require higher temperatures while others require a lower temperature. Start-up costs can run as little as $100,000 or over $1 million. Price of RAS Fish Farming Equipment in India: A set of RAS equipment costs up to Rs 30,000 to 50,000 in India. Your costs will include labor, land, pond construction, equipment, and all other operating funds. How much does it cost to start a fish farm in Nigeria? Fish farming business is arguably one of the most lucrative Agricultural businesses in Nigeria now or I can confidently say all over the world because it’s in high demand.eval(ez_write_tag([[336,280],'thedailysblog_com-banner-1','ezslot_9',813,'0','0'])); One of the importance of fish farming to the world is the fact that it is a great source of protein which the body system needs for growth and maintenance of tissue. Allow our menu to guide you to the relevant topic you are interested in. I don’t know where you are reading this article from; however, I want you to understand that economic conditions and environment differ significantly. Apart from agriculture business ideas like grasscutter farming, another branch of Agriculture where there’s a lot of focus is Aqua-farming. For the growth of any animal, feeding is basically the most important part, they grow well when they are fed well. Average associated costs will stem from: Average associated costs will stem from: Buying eggs and/or fingerlings for your re-stock purposes. Damini Ogulu known generally known by his stage name "Burna Boy" is a Nigerian... You have entered an incorrect email address! Feeding is a bit technical, but let us assume we want the Fish at 1 kg, then you must have feed each Fish 1 kg of foreign floating feed, this means you will need 1000 kg of feed, Medical and Miscellaneous is always low when you do everything right, but let us say around. Capital cost includes land & building, crafting ponds, vehicles for transport, plumbing arrangements, several tanks, oxygen meters, etc. Some common myths about aquaculture. The price of land largely depends on its location. This is one part we can’t really talk much about because the space to use depends on how big or small you want to start. Setup Your Fish Hatchery and Ponds; 6. But as the business expands, you need to hire sales staff, accountants, security guards, office attendants and other personnel. With that, your salmon fish will grow to their full capacity. Focus on the financial considerations. Fish Farming business is not for the rich class alone to venture into, you can start the business with low capital and also with huge capital. Aqua-farming is one of the best business opportunities around that one can go into. If you don’t have enough space to install bigger ponds, open-net cages in the ocean are your best bet if you want to farm salmon fish. On medication, I will advise you to get a consultant that is an expert in Fish Farming business to visit your farm at intervals and inspect your fishes and if you notice any abnormalities you call him to check. Now let us consider some of the steps you would need to follow if you are interested in starting your own salmon fish farming business; Starting a Salmon Fish Farm – Sample Business Plan Template . Hire Staff; 7. Before you go to buy biofloc fish farming material, first, arrange some space in the backyard to dig a fish pond. You can get the same practical training for free today.. We have our associates` fish farms in more than 20 places in Nigeria and we are giving opportunity to few Nigerians to come to our farms to see, learn and ask questions about fish farming business in Nigeria, right on the farm. One is the fixed capital cost and the other one is operating cost. funding or capital investment plays an important factor so you can run the business very well and to fill-up the needs of your chosen industry Your choice and feed quality are the most important, because it is directly related to the health and growth of the fish. This applies to concrete and tarp pond types. 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