According to the World Bank, it has moved from 9.7% up to 11% of total land area.
What technology do I have at my disposal and which would be the best to adopt? How frequently do I need to harvest for the market?
If you’re not in the business of aquaculture, you probably don’t think about it much.
There is so much information on the Internet about how to start fish farming in Nigeria, and we've tried to make this article as detailed and informative as possible to help you to build a fish farming business starting from the very beginning. Business plan for fish farming in Nigeria You can't run a business without having a plan.
A business plan is a necessary tool for creating a proper image of your future production.
Start-up costs can run as little as $100,000 or over $1 million.
You can establish a raceway on just a few acres if you have access to a small river and the right to divert some of it. Even if you’re not interested, it’s good to keep up with what’s going on in the rest of the global food supply chain.When I heard “soybean meal,” I started thinking about vertical integration and economies of scale for soybean farmers.However, says Hedlund, very few traditional American row crop farmers are involved in aquaculture.Even per capita fish consumption has increased rapidly – from about 20 pounds per year in 1961 to about 45 pounds today.Now fish accounts for about 17% of all animal protein consumed by the global population.No one that he has heard of is doing the full vertical integration loop, which would mean growing soybeans, processing soy meal, using it in fish food production, growing fish, processing fish, and reclaiming the unused fish parts (fish meal) back into the fish food processing plant.The cost to get started in aquaculture varies quite a bit depending on what species of fish you are trying to grow and whether it’s a low-level or more intense operation.The objective of commercial fish farming is to produce fish for sale and earn profits. – number of pond(s), size of pond(s), water for production (quantity, quality, flow rates), feeds, labour, seed, etc. From where and when should I source my seed and feed? Therefore, production should be planned from the onset to target identified markets. have the required product (size and form) available when the market wants it, 2. – its location, what category of people are likely to buy the fish I produce, etc 2. – type of fish, how much, what size, how frequently, fresh or processed, etc. Seafood farming in Nigeria is a very popular kind of business.You can start fish farming on a small scale for fulfilling your daily family demands or for earning some extra cash with your regular income. Keep reading as we guide you through how to make a proper business plan for fish farming in Nigeria.