Fish is Priced Highĭue to the production cost, fish produced from the farm is priced higher than those caught from the rivers and ponds by fishermen. A relatively small fish farm may take up to $1,000 to $1,500 to set up, while bigger ones take millions of naira. Setting up a fish farm requires more careful planning and much capital input.
Setting up a fish farm is capital intensive, much more than that of poultry and snail farming. Sensitive to Manageįish is susceptible to management, and a slight mistake could result in your fish’s degenerated growth or even death, which may cause massive revenue loss.
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Trial and error are not good in business except you have unlimited funds to experiment with. Remember that your investment is at stake. For you to properly learn this trade, you need at least two months of training on this. Not the kind of training you get from one-day seminars you need to get attached to a fish farm for a proper apprenticeship. You may not need labor if you’re starting a small-scale fish farm, but you’ll need some labor if you’re going on a large commercial scale. While there are many makers of fish feed, we generally use MM to indicate their sizes. Your fish will eat different kinds of feed at different stages of their lives. You need to go for the high-yield species of catfish or tilapia and make sure you are getting it from a healthy farm. Get your juvenile from another farm that specializes in supplying it. Rainwater and tap water from the chemically treated source is not recommended for fish cultivation. There’s what we call “water quality” in the fish business, and it simply means you must have good and reliable water for your fish.Īlso, adequate water supply is the lifeblood of fish farms, and lack of it may result in disaster because water needs to be changed regularly. Though water could be a gift of nature, you may have to spend money to dig a borehole. The plumbing work must be properly done to ensure proper drainage. You can engage the service of an expert pond construction engineer or go to another fish farm to get the specification and construction requirements.
This could be concrete, earthen, or tank of different sizes (depending on the quantity of fish you want to farm). If you already have a compound with leftover space you think can accommodate two or three ponds, you can use it.
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However, you may go for something bigger like a full plot or two if you can afford it, probably for convenience’s sake.
Depending on the capacity you want to operate on, half the land plot is just good enough for an average fish farm. Look for a land where you can get it cheap and buy. Any location is good since fish doesn’t cause any environmental disturbance. Whether you’re thinking of a small-scale fish farm or a large commercial fish business, the following are the basic things you’ll need to start your fish farming business.ġ. Can this deep blue sea fish species be cultivated artificially? Fish farming business Mackerel (Titus) –Īll Mackerel Fish is “wild-caught,” but some farmers are considering the possibility of creating artificial salty water that will be similar to seawater where mackerel can only survive. Tilapia is very easy to cultivate and very popular in the African market it reproduces very rapidly and grows fast too. The second most popular fish in the aquaculture industry, Tilapia, is a fish species that lives in fresh shallow water. So, people naturally flow in the direction of fish species they found to be the easiest to cultivate. One thing good about catfish is that it is one of the easiest fish species to cultivate. Cat Fish –Įven though Catfish is not the most popular fish, this fish species is the most cultivated, especially in Nigeria. Below are some of the most popular fish species that are suitable for Aquaculture.
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Learn how to start your own Fish Farm and whether it is the right fit for you Types of Fish You Can Farmįirstly you need to decide which species of fish you want to farm. If you are an existing farmer and are looking to expand your farm capacity, I’d encourage you to add fish farming to your business line. If you are thinking of a business to start now, I recommend you start Fish farming. Today, the modern farm practice has made it possible to grow fish in the farms and control the input. What is the growth potential for a fish farm?.What are some skills and experiences that will help you build a successful fish farm?.What happens during a typical day at a fish farm?.Other Fish Farming Tips You Should Take Note.How Fast Can You Expect The Return on Investment in The Fishery Business?.What are the ongoing expenses for a fish farm?.What are the costs involved in opening a fish farm?.