Catfish farmers On Profit or Loss

Catfish farmers On Profit or Loss
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Catfish farmers On Profit or Loss

Catfish farmers On Profit or Loss is a guide to put you into check. As a Farmer, are you making profit or Loss in Fish Farming? As a matter of facts, we are open to receive your contributions. Nevertheless, we are here to break it down for you on catfish farming business. This is because, a lot of story surround the business, some are making cool cash, while some are making big lose, some are jumping into the business while some are backing out of the business. What is really happening? Furthermore, we write professional business plans and feasibility Report on any Agribusiness Start up. Are you going in For loans, Grant or Business Proposal to an Investor? Contact us today lets write you one. Peruse through our Table of Content and see what you can get when we write one for you.

Catfish farmers On Profit or Loss


What is catfish farming First of All?

A commercial facility consisting of tanks or ponds in which fish are raised for food.

As we all know fish is the cheapest source of animal protein and because of its low cholesterol level it is medically recommended as a good food for both the young and elderly.
Fish farming in Nigeria is currently a very lucrative business and this is boosted by the continuous rise in the demand for Catfish. It is an Untapped Goldmine waiting for those who can see.

But before you venture in the business because of the profit you heard is on the business, have you consider the below point?


Management             



Do you already have suitable ponds or a pond site?

Do you have most of the equipment (pumps, etc.) needed?

Do you have the necessary financial resources?

Have you made an estimate of investment
costs and annual cost and return?

Have you estimated the impact of changes
in fish prices and feed costs on projected income?

Will the expected profit provide an adequate
return for your labor, management and risk?

Can you afford to forego income until you sell
your stock (usually 4-6 months after starting)?

Can you afford to absorb occasional losses?

Are you willing to devote the time and effort required?

Do you know of an established market for your fish?

Is there a market for your fish at the time of year
you plan to sell them?

Will you have harvesting and transport equipment,
or do you have a suitable arrangement
for harvesting your fish?

Do you have an alternative marketing strategy?

Is the water quality suitable for your fish farming? This is very important.

Is the pond area protected from flooding?

Are the drains in existing ponds adequate
for rapid draining?

Is there daily access to the ponds, regardless of weather,
for feeding, treating, and harvesting?

Is the pond bottom suitable for harvesting
(smooth and stump free)?

Will someone live close enough to the pond to allow
frequent observation and necessary management?

If you have check all this, and you meet up, then you can proceed.


Firstly, your pond, are you planning on a concrete pond or earthen (will advise this if its a permanent place), plastic pond, or tarpaulin pond, you have to consider this four major types of ponds, the ones you consider ok for you. The earthen pond are ponds dug close to the river or stream area, which u have to consider the topography of the land so that flood won't sweep away your fish, the concrete pond are the ones build with bricks, which u have to be caution when constructing it for it not to leak after construction, then d plastic tank, its a mobile tank, and its very durable but it need a slab for easy drainage of water, also the tarpaulin tank, some are constructed with wood, while some are constructed with metal, but there are some imported from china, they are very good and durable, but you have to be caution of small children not to take sharp object near it.

Secondly your water, without good source of water, your fish won't grow well, or when your pH is not stable, the water pH for fish should be 6.5-8.5. While 7.0 is the best water pH. You will also have to consider the ammonia level of water, what really increase your water ammonia level is when the water is dirty and you don't change it on time, your pond is not located in a clean environment, this makes your die often.

Thirdly your fish, you really need to be very caution of where you buy your fish from, buy fish from your close people or someone a friend recommend you to that he or she has a good stock, or better still you go to the person farm to see his or her facilities and see the fish you want to buy, because this is where most people get it wrong, they buy a runt fish and they keep feeding, and it won’t grow, when you are buying fish, be sure of the person, because most farmer has sweet mouth to sell their product, they will be calling a 10weeks old fish for 5weeks, because it refuse to grow well in their farm, and when you buy from them it won't grow well. Please when you are buying a fish make sure they give u fingerlings ranging from 3gram to 4gram, and average length of 3cm to 4cm 4weeks plus and juvenile ranging from 5grams and average length of 5cm to 7cm 7weeks plus, but if you are just starting, I will advise you go for the juvenile.

Fourthly feeding, feeding takes 70% of the total investment of the business, when feeding your fish, you don't try to cut too much corner, because its like starving the fish and the fish won't grow as expected. All you can is get good source of protein to supplement your fish feed, and reduce the cost of the fish food. Catfish eat 2% to 10% of their body weight, which means
if your fish weighs 10 grams requires a ration of 8% of its body weight,
Amount of feed to be fed per day = 10 grams x 8/100
= 0.8 grams feed per fish per day.
If there are 1000 fish in the pond, then;
= 0.8 g x 1000 fish
= 800 g of feed should be given to your fishes per day. That's how you do the calculation on a weekly basis, so as to meet up with their feeding terms, and you can plan to feed them 2 or 3 times in a day, but their must be a fix time for the feeding.

Fifth you grade or sort your fish every 3 to 4weeks to avoid serious canibalism and also not to make the fish grow normally, because the big will oppress the small from feeding, also change their water every 3 days, but you can change your water everyday if you are using recirculatory system, or doing constant flow through.

Six is marketing, who are the people that will buy my fish, we have the market women though they buy ridiculously, but they can clear your pond in 1 or 2 visit, also hotels, but they don't really buy in large quantity or if they do, they come back maybe after 2 to 3months to buy more, but you can tap into the smoking part, it really boost the profit. Please don't be decieve by the popular saying that a fish sells for 600, presently in lagos and ogun state, the big size sells for 490 to 450, while d medium sells for 440 to 400,and the small sells for 380 to 320.

Seven, I will ask myself, which month is the best for me to raise my fish to, is it 2months which I will sell a kg of fish for 320 called me lunch, those EGUN at makoko of yaba comes to your farm and clear this set of fish or the mallams at ibadan express road close to sat gurumaraji camp to clear your fish once, they smoke this set of fish, and sells out to Nigerians who doesn't eat the fresh ones, this fish weighs 200grams to 250grams at 2 months, and maybe like 4 to 5 makes a kilo that sells for 320 in the market the demand for this is very much and brings your money back in a very short time, the 4months set is where 50 to 60% of the fish weigh a kilo, and the rest weigh 800grams below. Then the 6months fish is where 80 to 90% of the fish is 1kg and above.
Am analyzing this because most people think by 4months their fish should be 2kg plus.

The demand for fish according to the federal department of fisheries (FDF) was 2.1 million tons in 2007 while domestic production was 600,000 tons.

This deficit was partly augmented by massive importation of fish of about 900,000 tons valued at over $800 million dollars. This is a big drawback on our scarce foreign exchange.
This still left a huge deficit of 600,000 tons, hence the concerted effort to ensure self-sufficiency in fish production through aquaculture in Nigeria.

The demand for Fish in the country is currently estimated at about 2.66 million tons annually, as against the local annual production of just 780,000 metric tons, giving a demand-supply gap of about 1.8 million tons. It is very clear that the demand is far higher than supply. What do you see as an entrepreneur? Business opportunity!
According to the Norwegian Ambassador to Nigeria, “Nigeria imports fish especially stock fish from Norway, worth over N109.2 billion Naira ($700million dollars) annually”.

In a May 2012 report, the Chairman of Fisheries Society of Nigeria (FISON) Rivers State chapter, Dr. Awoteinm George revealed that “Nigeria produces just 40 percent of the total Fish consumed in the country”. In other words, a 60 percent local production market is waiting for entrepreneurs to fill.

Aquaculture has been estimated to have the potential of producing 2.5 million tons, which if fully harnessed will almost satisfy the local demand for fish in the country. You could take opportunity of this high demand for fish and start a fish farm today.
This could be that business that would make you a millionaire.

The truth is agro-based businesses are very profitable because they meet man’s basic need-Food. You could start and operate your fish pond right in your backyard, compound or garage. What are you waiting for? Culture Fish and Grow Rich this year


Do you know you can actually save yourself off this stress?


Engage CHRIS FARM NIGERIA to give you a professional business plans and a feasibility that will suit your demand today.


Chris Farm Nigeria develops well self-explanatory, irresistible feasibility studies or business plan for your Business start ups, Business Growth or Expansions through either personal funds, Grants, or loans, which could be new or existing ones. We delight in writing for people under Academic sectors, production sectors, manufacturing sectors, processing or packing sectors, advertising sectors, marketing sectors and other related sectors on mini, middle and large scale businesses.
For your Agribusiness, either production, processing, marketing of any Agro-industry, our feasibility studies or business plan are explicit. 


Generally, our feasibility study and business plans are developed so well that it becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are expected to see when you put the feasibility study or business plans into use. It also shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output, and how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. This will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. With that, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.


You can use this format in developing your own business Plans and feasibility Study

OUR TABLE OF CONTENT INCLUDE;

  • SECTION I – EXECUTIVE SUMMARY
  • NAME OF BUSINESS / COMPANY
  • OFFICE & SITE LOCATION
  • MOTIVATION
  • MISSION STATEMENT
  • SOCIAL/ECONOMIC VALUE
  • PROJECT STATUS & START UP
  • WHY PREPARE THIS BUSINESS PLAN?
  • SECURITIES FOR THE PROPOSED LOAN
  • REPAYMENT
  • SECTION II – STUDY AREA
  • STUDY AREA
  • COMPANY OVERVIEW
  • MANAGEMENT TEAM
  • DEPARTMENTS IN THE COMPANY
  • EXPERIENCE
  • MANAGEMENT TEAM GAPS
  • SECTION III – INDUSTRY ANALYSIS
  • DEFINING YOUR INDUSTRY
  • YOUR INDUSTRY SIZE GROWTH RATE AND SALES PROJECTIONS
  • INDUSTRY STRUCTURE
  • MARKET OVERVIEW
  • MARKET SEGMENTATION
  • RELEVANT MARKET SIZE
  • KEY SUCCESS FACTORS
  • LONG TERM PROSPECTIVE
  • MARKET CHARACTERISTICS
  • SAMPLING TECHNIQUE
  • SECTION IV – CUSTOMER ANALYSIS
  • TARGET CUSTOMERS
  • CUSTOMER NEEDS
  • MARKET NEEDS / SOCIAL PROBLEMS AND SOLUTIONS
  • BUYERS BEHAVIOUR
  • MARKET SHARE
  • SALES FORECASTING
  • SECTION V – COMPETITIVE ANALYSIS
  • DIRECT COMPETITORS
  • COMPETITIVE ADVANTAGES
  • SECTION VI – MARKETING PLAN
  • PRODUCTS & SERVICES
  • FINISHED PRODUCTS
  • PRODUCT QUALITY AND PRODUCTION QUANTITY
  • PRODUCTION CAPACITY
  • PRICING
  • PROMOTIONS PLAN
  • DISTRIBUTION PLAN
  • SECTION VII – OPERATIONS PLAN
  • GENERAL APPROACH TO PRODUCTION
  • TECHNICAL ANALYSIS / PRODUCTION PROCESS
  • EQUIPMENT
  • PACKAGING REQUIREMENTS
  • SECTION VIII – FINANCIAL PLAN
  • REVENUE MODEL
  • FINANCIAL ANALYSIS
  • FINANCIAL ASSUMPTIONS
  • FINANCE CHARGES
  • FINANCIAL PROJECTIONS
  • FUNDING REQUIREMENTS/USE OF FUNDS
  • CRITICAL ASSUMPTIONS



  • FINANCIAL MODELS
  • SUMMARY OF PROJECT COST
  • BUDGET OF FIXED ASSETS / CAPITAL EXPENSES / INVESTMENTS
  • DEPRECIATION
  • UTILITIES
  • OPERATING EXPENSES (OPEX)
  • TOTAL REQUIRED INVESTMENT OUTLAY (REQUIRED START-UP CAPITAL)
  • FINANCING PLAN
  • INSTALLED / AVAILABLE EQUIPMENT
  • BREAK-EVEN ANALYSIS
  • LOAN REPAYMENT SCHEDULE AND INTEREST PAID
  • FORECAST OF PROFIT AND LOSS
  • CASH FLOW
  • BALANCE SHEET
  • GENERAL ASSUMPTIONS (BREAK EVEN ANALYSIS)
  • BUSINESS RATIOS - PROFITABILITY ANALYSIS
  • CONCLUSION
  • SECTION 3 – APPENDIX

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·         NOTE; According to our policy, we are not “allowed / permitted” to disclose peoples business or written feasibility study, “to anyone”, irrespective of their personality.

·        BUT, WE are permitted to display only executive summary.
·         This is just a sample of our executive summary on poultry feasibility study and business plan, carried out in Rivers State. 

·         1st sample;



These Feasibility study on poultry farming business (specializing on layers and boilers production), was conducted using projections, impressive publications, compounding interest/values, tables, graph, bar chart, pie chart, profits analysis and cash flow positions in other to give a clear picture of what is obtainable in that location, using eight plots of land, at Esemdiary village, Off Effurun Sapele Road, Okpe LGA of Delta state, Nigeria as a case study. 



Esemdiary village is a community in Okpe Local Government Area of Delta State with coordinates 05°26’N 5°57’E, which also plays the host community to the Warri Airport, which is actually located at Osubi. 



Okpe Local Government is a territory that used to be part of the original Okpe Kingdom, its headquarters is at Orerokpe, with a population of 128,398 people whose primary occupations include commercial farming, fishing, hunting, trading and gas exploration. 



After carrying out the feasibility study on Esemdiary village, Off Effurun-Sapele Road, Okpe LGA of Delta state, Nigeria, it was discovered that, farming generally will do well both on crop and animal production.

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