Normally, the small-scale farms sell the fresh fishes for retailing while large-scale farms sell the fishes to the slaughterhouses for further preparation and export. To get the exact mix, get an aquaculture consultant. To determine how much fish to put into a unit, for tilapia, three fish per square metre in a pond is recommended. However, you can also build a well or a borehole to supply water easily to the ponds with storage tanks as strategic reserves. Use the money to get a pond of 10 by 12 feet and 4 – 6 feet deep. Fish farms, according to Izaara, start purposely for fun, food or commercial reasons. Put your farm in a place where buyers can easily come. You can buy plastic containers in various shapes and sizes and put them in your compound to start your small fish farm to test the business. There are three types of ponds namely Earthen, Concrete, and Plastic Tank. The Fishes’ usual home is the Oceans but you can breed them in shallow waters of fish farms. Eel Farming. There are five elements essential to a successful fish farming enterprise. If you are reading this then you are fortunate. The catfish and tilapia are the most accepted fish in the market and they are adapted to fresh water with a fantastic taste. FeedsFish food is classified in mainly two types; the natural and artificial. NOTE: We are noticing a sharp increase in demand for catfish at the moment and are predicting an uptick in price of catfish in the near term — that is likely to last till December of this year or longer.Be careful. How profitable is fish farming business you soliloquize as your fishes mature. It can be 10 by12 feet and 4 to 6 feet deep. Consumption of fish products is increasing dramatically and now averag… You will need some basic fish farming knowledge and business knowledge to run a successful fish farming business (303) 495-3705 email@example.com Igbinedion Varsity Offers Scholarships To 360 Students, ‘New JAMB Rules Delay UNILORIN Admission List, Revealed: 9 Business Resources And Tools That Will Explode Your Branding In 2019, Revealed: Why You Need An Animated Explainer Video For Your Business, Revealed: Affordable Businesses To Start From The Comfort Of Your Home, Revealed: 10 Businesses You Should Invest In To Become A Millionaire, The Importance Of Digital Marketing For Your Business, Sustaining Your Business In A Highly Competitive Market, Tools And Applications No Business Should Be Without, 13 Key Ways to Stay on Track to Achieve Your Business Goals, The Right And Wrong Way To Use Social Media For Your Business, Your email address will not be published. PHOTO/GEORGE KATONGOLE. Post was not sent - check your email addresses! 1. However, you can start with 500 or even less. Every investment has a gestation period. How profitable is fish farming business you might wonder, as you think of the high cost of feeding the juveniles until maturity. Izaara says this stage is key in understanding the start-up and ongoing costs, as well as the market. … Feeding, water and temperature, type of pond you are using, cost of feed, and other costs less cost of sales will affect the profit potentials of your farm per time. Each system is determined by many factors, including the scale one is interested in. This is not the case. Commercial fish farming is done unconventionally in ponds, cages, tanks (plastic and concrete), damline ponds, aquaponics and recycling aquaculture systems. Fix water in-let and out-let pipes to control the flow and drainage of water in and out of the pond. Last Saturday, the virtual Seeds of Gold Farm Clinic tackled the role of fish farming in bridging production and consumption deficits. Sorry, your blog cannot share posts by email. “Don’t rush into fish farming without knowledge of the enterprise just because someone you know is farming it or someone tells you, it is very lucrative,” he says. Agriculture Farm. FeedingWeigh the feed bags on arrival. Make sure the ion and natural concentration of water is of equal strength before putting fish inside the pond. Commercial fish farming is done unconventionally in ponds, cages, tanks (plastic and concrete), damline ponds, aquaponics and recycling aquaculture systems. So, you need to ascertain the quality of the water. While in a cage, 78 fish per cubic metre is the ideal number. The second and third juveniles should pay off your initial startup costs. Some aquaponics fish species like the carp, salmon, tilapia, and catfish are some most profitable fish to farm. Second, we depend largely on importation to meet the demand of fish in the country. Sterilize water with antibacterial and anti-fungi medicine. How profitable is fish farming business you may ask? Get adequate knowledge. If properly stocked, fish should be mature between seven and nine months weighing between 300 and 500 grammes if grown in ponds and 450 and 500 grammes in cages. As the fish mature, it is good you do another study of the market to know the current prices they are selling. Other things to consider includes location of your farm, farms closeness to the market, demand and supply in the market, special festivals celebrations, etc. Management time and skills Under the right circumstances, fish farming can be a profitable and rewarding occupation. Suitable land 2. Then you put fish in the bucket and record the weight which you divide by the number of the fish to determine the body weight of the fish. In order to promote aquaculture, the National Fisheries Resources Research Institute (NaFIRRI) and sister research institutes, the Zonal Agricultural Research and Development Institutes (Zardi), is now working with fish farmers and feed suppliers to boost the aquaculture industry.But there is more to starting. How profitable is fish farming business, you wonder as you think of how soon you can recoup your initial capital. Chengannur: Getting the best out of his fish farming is Abhilash, the native of Thiruvanvandoor in Chengannur. “It is important for one to weigh the reasons for starting a farm and justify it is the right activity for them,” Izaara says. The 55% forecasted to be profitable within the next 12 months and 75% aimed to be profitable in the next 36 months. Farming systemThere are two farming methods - conventional and unconventional. 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