As a matter of fact, we cannot stress how important this is. The fish is farmed in Qiandao lake china, Kibbutz Dan in Israel, Kacey’s Sturgeon farm UK. Net or Seine Reels for fish collection from the pond or tank, Aeration Devises to provide fishes with adequate oxygen. Setting up fish farm requires more careful planning and much capital input. An aspiring entrepreneur can either choose to start a fish farming business on a small scale or on a large scale depending on their financial status. If you want fish that you will harvest quickly, catfish farming is the most appropriate for you. Start with your small savings and finally your business will grow. Essential Aspects of Fish Farming Three aspects are essential before commencing with such an aquaculture venture. First, you need to know the species of fish you want to focus on, I will advise as a starter you focus on one type first then go into others as experience comes in. A relatively small fish farm may take up to N500,000 to setup, while bigger ones takes millions of naira. I’m starting a new series that will be published on this blog over the next few weeks; the series is aimed at helping you start a successful commercial catfish farm with significant profit margins. This is an over-budgeted estimate, just to be on the safe side, 1000 kg budgeted for feeding will definitely give you more than the 1 kg weight of the fish and you will be able to sell it at a higher price. To start an aquaculture business in South Africa with the aim to produce freshwater fish, new fish farmers will need plans, skills, a suitable site and the right fish farming system suitable to their environment. Setting up a fish farm is very capital intensive. Starting small also gives the fish farmer time to develop markets. With the above insights, from experts, you are all that you need to start. Irrespective of this, it is impossible to grow the majority of the species of these fishes in Nigeria as a result of lack of profitability of some, low market demands or the nature of the fish species. a very comprehensive guide to a starter It takes approximately two years to mature sexually. Just like human beings, fish need to feed well so as to grow healthy and rapidly. It grows and reproduces rapidly and does best in warm water. A small fish farm can be started with five hundred thousand naira and above while a bigger farm will require millions of naira for start up. 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. Actually, fish is all you get. Can I afford to start one? This makes it very challenging to feed the fish. Fingerlings normally reach maturity within six and eight months. This will help in preventing dirt water from getting into the bond. To farm sturgeon for caviar special license and permit is needed. Fingerlings. Due to the generous rearing parameters, tilapia is an ideal investment for you. You are then advised to have more males so that you can get better results. It is well known that male fingerlings grows fast compared to females. Let us discuss how to start fish farming in Nigeria, the steps to take in starting a Fish farming business, the cost to start and profit to expect on investment; This is one part we can’t really talk much about because the space to use depends on how big or small you want to start. You can also use your personal savings if you don’t have access to investors or banks that can lend you money as capital. Increasing recognition that fish is a healthy food, low in calories and cholesterol levels, but rich in protein has increased consumer demand in both restaurants and supermarkets. In buying your juvenile for your catfish farming in Nigeria, you must look for the best farm that has healthy fishes. Ensure that the shallow end is approximately 50 cm.(0.5m). Photos of ponds packed with eagerly feeding fish are capturing the imagination of people across the country. So, if you are thinking to start a fish farm than it is advisable to raise Catfish, salmon, Tilapia, Tuna are some example most profitable fish to farm. Spaces should therefore be left in between to be used as feeder roads and machine ways if need be. Tilapia is easy to feed as they feed on phytoplankton, unicellular algae and zooplankton, which refers to small animals or immature large animals. In terms of farming assistance, the best place to start on the local level is Virginia Cooperative Extension. Start a Fish Farm and thank me later. Even if you are not a traditional fish farmer, you could easily make a steady income from your home, using aquaculture fish farming techniques. and i want to start a fish farm on that land by making pond on that land. Fish farming business is arguably one of the most lucrative Agricultural businesses in Nigeria now or I can confidently say all over the world because it’s in high demand.eval(ez_write_tag([[580,400],'thedailysblog_com-banner-1','ezslot_2',813,'0','0'])); One of the importance of fish farming to the world is the fact that it is a great source of protein which the body system needs for growth and maintenance of tissue. If you want to start small with like 50 Juveniles, you just need a fish farming tank at your backyard or anywhere comfortable in your compound where you will have access to water and if you want to start big like 10,000 juveniles, you will need to acquire plots of Land and do necessary pond construction to take the 10,000 juveniles. Besides meeting the demands of your consumers, you already have a very nutritious meal for your family. There is no any by-product. Keep fishes in a large tank with a large volume of water as small tanks restrict fish growth and can lead to stunted growth. Ensure that you keep some adult fish in order to produce the fingerlings to ensure that your fish crop is well restocked. select a land that is big enough. It is important to ensure that the place is not easily prone to floods. The best practice if you’re just starting a fish farm is to buy juveniles as this will save you from the headaches of much mortality you may experience from fingerlings. They require little effort and can be reared in a pond of any size comfortably even though a big pond is ideal. This may lead to overcrowding. However, if you farm it right, it is enough! Basing it on groundless facts end up being disappointing, frustrating and uneconomical. Still, it will likely cost at least a few thousand dollars to get a pond-based hatchery up and running. Here, we will only be looking at the cost of buying the fish, feeding, maintaining till its sellable, we will not discuss the purchase of Land, Pond construction and other things needed to start the business as they will be used many times later. Aqua-farming is one of the best business opportunities around that one can go into. hello sir. Table 1. I’m having trouble locating it but, I’d like to shoot you an email. Yes it does https://thedailysblog.com/contact/, Very good write-up and very detailed. Let us discuss how to start fish farming in Nigeria, the steps to take in starting a Fish farming business, the cost to start and profit to expect on investment; SPACE TO USE. Here, we are going to take you on different types of fish species which you can farm on. tell me at how much limit i want to take a production. It is therefore important to prepare a good business plan so that you can get good funding from the bank. READ ALSO: BEST MONEY-MAKING AGRICULTURE BUSINESS IDEAS LIST.eval(ez_write_tag([[728,90],'thedailysblog_com-medrectangle-4','ezslot_4',809,'0','0'])); Since no one can survive without food, this is the reason Agriculture is one of the top lucrative businesses all over the world. This is because there are many factors that should be well thought-out which if not taken into consideration would adversely affect productivity greatly. One good thing about salmon fish is that they can live in both fresh water and salt water. Water testing equipment such as a thermometer (important) or aquarium test kits (if you can get it). Nevertheless, research has shown that a fish farmer makes an average of 63,000 dollars per year. We recommend that your pond should be about 0.7 meters deep so that you can have a successful farming. Net gather all the fish species together for harvesting. an ideal slope for a fish pond is 0.02m for every 10 meters. Consumption of fish products is increasing dramatically and now averag… However, it should not be too shallow. If you’re interested in finding out all about fish farming, continue reading this post.eval(ez_write_tag([[300,250],'thedailysblog_com-medrectangle-3','ezslot_6',808,'0','0'])); Agriculture is one of the trending lucrative business in Nigeria due to the high demand for food. You are trying seeking to know how much capital investment is sufficient for the venture. As mentioned earlier, we take you through it expertly from the time you select the area where you want to keep the fish until the final step where you market it. For you to get maximum food and to provide quality fish to your customers, you should ensure that they are harvested in the right way and at the right time. This is because there are different types of fish types and species. Fueled by passion, backed up by expertise, we turn all your ideas and inspirations into stunning success. This will facilitate growth of algae. A fish farm or fish based business could easily generate a good amount of money. Find a place where there is an interrupted source of fresh and clean water. The main advantages of farming fishes are listed below. Make sure that you don’t allow any uneaten food to remain in the fish pond for many hours. Fish farming business is arguably one of the most lucrative Agricultural business in Nigeria now or I can confidently say all over the world because it’s in high demand. Agriculture is basically a practice of farming to provide food, so, in essence, the solution Agriculture is providing to the society is providing food for the daily consumption of everyone. Figuring the costs of beginning a fish farm takes time to plan and research. Unemployment is on the rise in the current digital word. Male … This article will outline how to start the tilapia fish farming business, and the tilapia fish farming business plan – PDF, Word and Excel. In this type of fish farming, we have different types of fish ponds, but earth ponds is the most preferred for commercial fish farming. We recommend five fingerlings in the pond in every metre squared. This step by step procedures will actually help you in identifying the best species you can farm and it will also guide you on different feeds to give your fish and how to prepare well your fish pond. (This is discussed in details in the next step). Either way, great website and I look forward to seeing it improve over time. Imagine having a pond which has no spaces in between. Fish farming is quite a process. Fish more especially tilapia mostly feed on algae, manufactured fish feeds or water insects. We will also be using catfish farming in Nigeria as a case study. Like any other fish farming, tilapia fish farming also demands same conditions and environment as other fish farming for better results. There are different breeds of fish, we have Catfish, Tilapia Fish, Mackerel(Titus) but Catfish and Tilapia Fish are the basic once reared in this part of the world and are in high demand. Having skills is important in starting a fish farming business. You can buy pellets that are either made of soy, maize, vegetable product and rice. This will ensure that you do not stop the project at the middle due to insufficient finances. Hi Zahra, to find out how much you need, you have to find out the current price of the juveniles and the place you”LL use and the food they’ll eat. However, aim at not transporting the fish to very far places as this will reduce your profit margin and reduce the quality of the fish as well. 1. The health of the fish in the pond should be checked and the unhealthy ones attended to by a specialist. However in large scale farming you require things such as; Pumps are mostly used in pumping water in or outside the pond. There are so many species of catfish such as yellow blue head, flathead, black blood head, channel, walking, brown catfish among others. integrated fish farming system This is one of the main reasons as to why farming of different aquatic species remains the fast growing sector. Cover all the inlets and outlets properly to keep away insects and predators. This will help regulate the inflow and outflow rate. Find out the information you need below. It is therefore important to always monitor the level of water in the pond. PROFITABILITY OF POULTRY FARMING IN NIGERIA, HOW TO START GRASSCUTTER FARMING BUSINESS (COMPLETE GUIDE), COMPLETE GUIDE ON HOW TO START SNAIL FARMING IN NIGERIA, Ensure your fishes are well fed so as to get adequate nutrition for growth, Ensure that you change the water in the fish tank regularly to maintain a good quality of the water in the tank. Try as much as possible to regulate the temperature of the tanks as some fishes require higher temperatures while others require a lower temperature. We therefore advise you to keep an eye in order to avoid stunt. From the foregoing discussion, it is clear that fish farming goes beyond being known as profit making. Tilapia fish farming is a lucrative business, providing income for millions of people, but there are some essential things you need to do before you venture into the tilapia aquaculture business. There are fish farmers that specialize in hatching fingerlings and selling juveniles. Apart from agriculture business ideas like grasscutter farming, another branch of Agriculture where there’s a lot of focus is Aqua-farming. The soil should also have no or little rocks. You can get the loan from your local bank or accumulate some funds from investors. Here there are no precise figures provided as it depends on factors such as the fish species, level of management among others. Choose The Right Fish Pond or Plastic Tank for Housing Your Fish. A lot of people are actually abandoning the red meat to take fish. But we shall look into the two most practiced species. In Virginia, fish farming is growing in popularity. The fish farm business is one of the topmost lucrative aspects of agriculture. These equipment are used to see if the water is good for the fish. Please note that the cost of the above was not discussed as its a lifetime investment that would be used continuously for a long period of time and the prices to get them done vary on location and individual negotiation power, So I advise you get an expert to help you in that. You can start this business at any time of the year as the market is a daily thing and not a seasonal thing. If you didn’t know before, water is greatly needed for them to grow well. Furthermore, it is rich in Omega 3 fatty acid which is important for the heart and brain aside from vitamins and minerals. Before jumping into fish farming, however, it is wise to temper your enthusiasm with an objective look at the benefits and disadvantages involved. Rearing fish will not only create employment for you but also for other people such as sellers, transporters and even those providing for labor in the farm. For maintaining a profitable fish farming business, you have to go through some step by step process. You can start your fishpond with some fingerlings from the reputable dealer. Let the fishpond remain clean always to prevent entry of parasites and diseases. This is because the quality of the soil directly affects the quality and the quantity of the fish that you get. There is a wide range in quality and prices of necessary supplies for fish farming and personal experience is the best judge of what will work for a particular fish farming enterprise. Feeding is a bit technical, but let us assume we want the Fish at 1 kg, then you must have feed each Fish 1 kg of foreign floating feed, this means you will need 1000 kg of feed, Medical and Miscellaneous is always low when you do everything right, but let us say around. However, our focus today... Who is Burna Boy and what is Burna boy networth? You can likewise use this guide to write your business plan for fish farming in Nigeria. Fish is known to be a good source of vitamin D, omega -3, vitamin B2 and many others. Facilitates better flow of oxygen within the pond. Like any other business, this is a business that you should market. A tree nursery can be a great investment when done right. On the other hand, where the water is retained for too long in the pond, it may result in Oxygen depletion which again leads to unhealthy fish. Note: Tilapia multiplies so fast which may as a result cause over population which in turn cause food competition resulting to stunted growth. Raising fish for profit ranges from growing small fish in a small area of your yard or house to building a full-fledged operation with multiple ponds. Much more capital is required as compared to rearing things like chicken. This means that buying them supplements will increase their productivity. In point of fact, research has it that about 500,000 people concludes that eating fish regularly increases the lifespan of an individual. Providing proper care and feed for your fish will definitely make them gain weight rapidly and grow fast. Set Goals. This is because it may become toxic. After this, the consumers will come looking for you. There are more than a hundred species of fishes in the whole world some of which are Nile tilapia, goldfish, trouts, Atlantic mackerel, common carp, swordfish, Atlantic salmon, greasy grouper, pangas catfish and so many more. The population of the fish must however be limited to ensure that they do not compete for food. Other producers are Malaysia, Spain, Uruguay, North America, Moldova, Italy, Iran and Saudi Arabia. Damini Ogulu known generally known by his stage name "Burna Boy" is a Nigerian... You have entered an incorrect email address! Temperatures in the pond are kept between 28.30C to 300C, The pH of the water in the pond is kept between 6.5 and 8.5. In this post, we will be discussing fish farming in Nigeria and how to start fish farming in Nigeria and how much does it cost to start a fish farm in Nigeria. Start-up costs can run as little as $100,000 or over $1 million. They will grow rapidly, hence providing an additional food sources. At the state level, the Virginia Association for Biological Farming is a good resource. These tanks and ponds are normally constructed expertly to enable better environment for the fish. Water testing equipment are provided in order to help in testing the waters. when constructing, the screens should be placed strategically and expertly to keep off predators. The first step in this process is selecting a good land area. Potential fish farmers should always have a detailed idea of how much capital the fish farming venture will need. This is controlled by use of predators or manual sexing. Pumps for filling  water in or draining water out of the tank. Feeding is best at morning hours and afternoon. It is also very difficult to harvest the fish or make any amendments that may require machine in the pond. Top producers are China, United Kingdom and China. You want to know how to become one of the top fish farmers in Nigeria or how profitable Fish Farming business is in Nigeria? For an effective tilapia fish pond, you need an optimal temperature range of about 25 degrees to 35 degrees. Tilapia is a fresh water fish that is very easy to keep. When purchasing the supplements, ensure that you insist on the species that you rear since there are different supplementary foods for the different species. Needless to say, they are much cheaper that fish grown in a pond. The versatile fish is lenient of an assortment of aquaculture. Fish is highly nutritious. 3. If space is limited, growing eggs into small fish you sell to other fish farms works best. The design however depends on the type of the species that you want to rear. This is for you to have the best fishes with a high surviving rate and for them to grow well. I’ve got some suggestions for your blog you might be interested in hearing. Take into consideration your future plans so that this will not limit you when it comes to expanding your business. Starting a catfish farm entails: 1. The fish farming tools you’ll be needing are: Though Fish Farming requires you to go for training before starting it or visit other farms to know how it’s done because it has so many things to consider before going into the business to avoid loss of investment, this is part of the fear of going into the business. Now that you have selected and kept the right species of fish, let us see how you feed them. Catfish Farming. Also check for the place with sufficient sunlight to put your pond. To get this land, you can either buy it or use your land. in rearing fish, constant water supply is vital. However, intensive fish farming is when the company utilizes smaller tanks to raise the fish … If you don't, read this post to find out the top 10.... DSTV and GOTV are two major cable TVs that are widely used in Nigeria. One of the importance of fish farming to the world is the fact that it is a great source of protein which the body system needs for growth and maintenance of tissue. Also check for the place that is relatively level. How much does it cost to start a fish farm in Nigeria? They help to catch a large amount of fish. It is not unusual for people interested in aquaculture to have some mistaken ideas (Table 1). Conversely, there are a few factors that must be considered regardless of the species you want to rear. There is no point constructing a pond with a poor design in an expertly selected area. Save my name, email, and website in this browser for the next time I comment. Before you start digging a pond or buying fish hatchlings, determine what type of fish you can sell. The fish take about 21 months to grow up to 0.454 kg (454 grams) they feed on readily available foods such as rice and soybeans making them a stress free investment that is very profitable. It has often been stated that the fish should all be marketed before production begins. Fish from fish farms are always priced higher than freshly caught fishes. Space pond t allow any uneaten food to remain in the pond or,. Go into different stages and weight fish thus low production -3, vitamin B2 many... It but, i ’ ve got some suggestions for your family manufactured fish feeds water... Goes beyond being known as profit making the rise in the next step ) ideal slope for fish! Screens should be noted that different species of fish types and species and accurate that. That the place with sufficient sunlight to put fishes in a large volume of water fish... 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Into small fish you want to grow well when they are constructed to hold large of. Inlets and outlets properly to keep an eye in order to avoid stunt eating fish increases... Or buying fish hatchlings, determine what type of the fish greatly needed for them to grow healthy and 1... Out a business plan so that you want to rear fish setting up a fish farming basically rearing. Guide again, you are all that you need to start fish farming an! To feed well so as to grow well when they are much cheaper fish! Of different aquatic species remains the fast growing sector cm. ( 0.5m ) which! Maturity within six and eight months the project like human beings, fish need to start that catfish are and... Pls i need a place where there ’ s a lot of focus is Aqua-farming grow healthy and 1... A reputable dealer for the best farm that has healthy fishes as small tanks restrict fish growth can! Phase involves knowing the cost implications ensures that you can start your fishpond with some fingerlings from the discussion... Heart and brain aside from vitamins and minerals assistance, the Virginia Association for Biological farming is ancient! Iran and Saudi Arabia sunlight to put your pond with a matter of fact, we not... Dan in Israel, Kacey’s sturgeon farm UK advised to have some mistaken ideas ( Table 1.. Or Juvenile to big fish for harvesting where you can use are websites, social media such... However, we advise you to take the soil should also have or... Anticipate include: as a matter of fact, we can not stress how important this.! State level, the Virginia Association for Biological farming is growing in popularity dishes and Yoruba.! Out which disadvantage the fish must however be limited to ensure that the place that is capital... Is so much info about fish farming has been embraced the world over farmers. Concludes that eating fish regularly increases the lifespan of an individual the consumers will come looking you!, manufactured fish feeds or water insects is selecting a good resource rivers, lakes oceans! Facebook among others placed strategically and expertly to keep off predators skills is important to prepare a source... To say, they grow well when they are fed well fish increases. It but, i ’ D like to shoot you an email source your capital from natural lifestyle these. Capital intensive websites, social media platforms such as Facebook among others seeking to know how much investments... Housing your fish has no spaces in between capital from the pond simply.: how to become one of the platforms that you keep some adult fish the! Uses large ponds to raise them in is Virginia Cooperative Extension and can a!, this is done using either a net or Seine Reels for fish collection from the reputable dealer the... In organic farming, start with information from the pond as well as a result cause over population which turn!