In this text, I supply (as I’ve carried out in earlier writings) I supply extra concepts for potential consideration by farm enterprise homeowners, in the direction of guaranteeing profitable startup and long run success of their farm entreprises.
Personally, I take advantage of the phrase “Farm Business” to check with a mixture of primarily Fish Farming enterprises built-in with different livestock enterprises (akin to piggery, poultry, rabbitry and many others) AND complementary crop farming, earthworm rearing, daphnia culturing, feed formulation/compounding and many others.
Integrated Fish Farming Helps Protect YOU Against Risks & Uncertainties
I’ve rigorously studied tendencies out right here (which stays VERY unregulated and disorganised) and have come to ONE conclusion: One must be moderately self-sufficient in a single’s farm enterprise wants – particularly because it pertains to well timed acquisition of important, and demanding inputs which if allowed to differ in high quality or availability may trigger main setbacks within the farm’s operations.
Critical inputs I refer to incorporate brood inventory, fingerlings, feedstuffs and many others – the provision/high quality of which will not be reliably assured as unscrupulous suppliers might let the enterprise proprietor down at any time!
It is my opinion that this method that entails working a farm enterprise primarily based on a mixture of excessive revenue/low capital and working price livestock and different enterprises, ensures that ALL the farm’s sources – together with labour – are maximally utilised ALL 12 months spherical.
This is in distinction to the state of affairs that happens with unique crop and different seasonal farming enterprises which need to be timed to coincide with the varied seasons.
So, in case you are planning to start out a farm enterprise of your individual, and wish to sit up for – and procure – REAL long run monetary returns, I recommend you select to make your farm run primarily based on a livestock manufacturing enterprise – fish farming (particularly catfish) being ONE that gives pretty dependable/cheap returns with comparatively decrease capital necessities – built-in with different complementary enterprises.
Given the tough, dangerous and unsure nature of our socio-economic setting, Integrated Micro-Small Scale Fish farming is the simplest, most cost-effective, AND least dangerous to be taught and start-up PLUS it presents – with good administration – doubtlessly the MOST rewarding monetary returns.
That is why I selected to concentrate on it over poultry as an illustration, which is comparatively MORE capital intensive and operationally demanding. Over time after all ANY individual (who has recorded progressive success in micro/small scale fish farming) can “graduate” to extra capital intensive ranges.
So, to sum all of it up, I imagine EXCLUSIVE fish farming for people and small teams working on micro to small scale is a bit too dangerous and vulnerable to destructive impression of the unpredictable financial local weather out right here in Nigeria. Elsewhere this will not be that a lot of a difficulty after all (That’s as much as the farm enterprise start-up/proprietor to resolve).
For occasion at the moment petrol worth is now not 65 naira per litre. Instead it has jumped up ten “NAIRA” steps to 75 naira per litre – courtesy of a authorities enhance. This – like different unplanned and due to this fact surprising authorities coverage modifications earlier than it – WILL have a multiplier impact on so many working variables/inputs used on many farms. By having a complementary mixture of enterprises, the fish farmer cushions his farm enterprise in opposition to direct impression that would in its worst manifestations, “KILL” it – actually talking.
Final Words: Make Sure You Seek Competent Counselling
All that I’ve stated right here is after all my private opinion. Please REMEMBER that you just DO NOT have to just accept my concepts – and I strongly recommend you search the counsel of competent professionals in making up your thoughts.
Note nevertheless that in taking recommendation from ANYONE (myself included) you’ll need to examine and make sure that s/he has a FULL appreciation of the dynamics that come to play within the working of the farm enterprise enterprise(s) being thought-about, in YOUR chosen setting. What I give you right here is derived from in depth experience-based analysis of the challenges confronted by homeowners of the farm companies talked about.
If you need assistance making up your thoughts about what farm enterprise to enterprise into, I recommend you learn my article titled “14 Key Questions-Issues to Consider in Order to Choose (& Startup) The Right Farm Business”.