There are five elements essential to a successful fish farming enterprise. Prevent it before it happens if it will affect the growth of the farm. Izaara says fish water has to be of a particular quality and if it is not up to the task, your fish may end up growing poorly, feeding badly or dying, in some cases. However, you can start with 500 or even less. For this reason, the fish farming business is a promising direction in the farming sector. The demand and price of fish and fish related products are also increasing rapidly, in accordance with rapid population growth. 1. Assuming you sell 900 matured fish when they grow to weight of 1kilogram at N700 per Kilogram you will still make profit. It is important to note that females lose growing time and body weight while laying eggs. Eel Farming. Put your farm in a place where buyers can easily come. You now have the information to start fish farming business in Nigeria and profit from it, so what are you waiting for, start yours today. Make sure the ion and natural concentration of water is of equal strength before putting fish inside the pond. Chengannur: Getting the best out of his fish farming is Abhilash, the native of Thiruvanvandoor in Chengannur. If you already have land and source of water in your farm like most small scale farmers do, feeding is the major cost you bear in this business. Here are some steps that can help you expand your fish farm, make your business even more commercial and make the fishes you produce better! Let the access roads be suitable for vehicles to use, and open your farm close to a city with large population. Fish will thrive in a more natural habitat so go for a pond that is closer to their usual home. 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. In addition, you use it for marriage ceremonies and different kinds of festivals Nigerians celebrate. Fish farming is the practice of rearing fish for personal consumption or for a profit-making purpose. For some answers, study your target market and be sure who your customers are, so that you can produce exact size of fish they want (1kg or 1.5 kg) and sell with ease. Izaara notes that one must also have basic technical competence. 3 The result of all this means that only 0.7kg of wild foraged fish is needed to produce 1kg of farmed salmon, with the remaining constituents of fish feed coming from vegetable-based proteins and fillers. If you are reading this then you are fortunate. Attend seminars; appoint experts to provide advice, as you need it. Is it the right business?Izaara explains that the purpose for establishing a farm forms a key component in the farm’s survival. Quality of the waterFish grows in water and thus the quality of the water matters a lot. To assess how profitable is fish farming business, let us list the factors that could affect your profit so that you know how to deal with them when you start your farm. Additionally, the business has good export potential. People assume that the larger their pond the bigger the fishes will be. Fish need water to survive and thrive so change the water often. Use the money to get a pond of 10 by 12 feet and 4 – 6 feet deep. Contact a fish farming company that runs a consultancy program with experienced fish farmers. Per Hedlund, 50% of the cost of a fish operation is fish food, which consists mostly of fish meal and soybean meal. The first thing you must consider while starting fish farming is … According to Andrew Izaara, a senior research officer in aquaculture at the Mukono Zonal Agricultural Research and Development Institute (MuZardi), Uganda has a deficit of 1.13 metric tonnes, which must be covered by 2030 yet the lakes are strained because of poor and illegal fishing activities. Fish farming require more capital to setup than a poultry or snail farming. It can be 10 by12 feet and 4 to 6 feet deep. Some aquaponics fish species like the carp, salmon, tilapia, and catfish are some most profitable fish to farm. Commercial fish farming is done unconventionally in ponds, cages, tanks (plastic and concrete), damline ponds, aquaponics and recycling aquaculture systems. It is popular with the local people who call it Titus. Each system is determined by many factors, including the scale one is interested in. This fish is widely sold in Nigeria. This is the reason farmers scour overseas markets as far as Brazil, Vietnam and China. PHOTO/GEORGE KATONGOLE. The national fisheries institute has also domesticated the Barbus fish (Kisingya), which can grow up to five kilogrammes making it a candidate for commercial production. Many Farmers choose to do cat fish farming when you compare it to the other type of fish farming because the demand for it is very high. According to Ivan Ssabwe, an aquaculturist with Koudijs, a Dutch feeds company, feeds can take up to 70 per cent of the total costs of fish production. You need this financial detail so that the cost of feeding the fishes in your farm and other running costs will not overwhelm you. However, to build a successful and sustainable tilapia farming business, you need to have sufficient knowledge, such as how to farm fish effectively, good management skills, and a good tilapia farming business plan. Males are preferred because they grow at 30 per cent faster than females. Water is a very vital source of life for fishes. Please note that actual price may vary from whatever prices I quote here. You would be making profit between 20 to 24 months. Last Saturday, the virtual Seeds of Gold Farm Clinic tackled the role of fish farming in bridging production and consumption deficits. Get a Veterinary doctor. Second, we depend largely on importation to meet the demand of fish in the country. While in a cage, 78 fish per cubic metre is the ideal number. Safety of your farm is important. Getting the right feeds is not enough, according to Ssabwe, who explains that one must be able to train fish for feeding points which helps all fish to feed properly. With the way fish sells in Nigeria, you can be sure that investing in a fish farm in Nigeria can be very profitable. If you already have land and source of water in your farm like most small scale farmers do, feeding is the major cost you bear in this business. Fish Farming is Profitable Fish farming is very profitable. Fish farming is an ancient practice that can provide many profitable opportunities today. Research stations are ensuring the production of high quality fingerlings that are of uniform size, without deformation, can swim properly and in the same species. Growing fish in artificial reservoirs as a business will generate good income for beginning farmers, and fish farms are definitely a very profitable business. Seeds of Gold looks at the five key areas farmers can consider. Store your bags in a dry place off the ground.In the morning, pick the right size and weigh the feed based on your feeding tables. How profitable is fish farming business may have been a source of worry but thanks to this article, we have examined most of the problems of how to start the business and make profit. For catfish, start feeding immediately; feed four times a day. People with disability urge govt. You have to feed the fishes well for them to grow fast. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Telegram (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Skype (Opens in new window). Izaara says this stage is key in understanding the start-up and ongoing costs, as well as the market. This pond can hold an average quantity of 1,000 fully grown fish. This is a very cheap method of starting a fish farm. 6) No Environmental Hazards This is done by specialised equipment such as a water metre which can measure oxygen, ammonia, temperature, conductivity and acidity. 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