Smart Catfish Farming Business Plan And Feasibility Study
Smart Catfish Farming Business Plan And Feasibility Study is a free article. Intuitively, this Business plan and Feasibility study on Catfish farming business was conducted using projections, impressive publications, compounding interest/values, tables, graph, profits analysis and cash flow positions in other to give a clear picture of what is obtainable in that location, using two plots of land at,“Ughotor Community in Okpe LGA of Delta State, Nigeria” as a case study.
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Summary Of Catfish farm Location
Ughotor is a community in Okpe Local Government Area of Delta State with a geographical coordinates of 5.60781 and 5.662943 respectively. Likewise, it is made up of lowland – arable forests and vegetation upland with swampy and mangrove forests inland. Its headquarters is at Orerokpe, with a population of 128,398 at 2006 census. After carrying out the feasibility study and business plans at “Ughotor Community in Okpe LGA of Delta state, Nigeria”, it was discovered that farming generally will do well both on crop and animal production, in which catfish farming is not an exemption with lots of dispatch outlets like; hotels, eateries, spotlights, bars, event planners, families and nearby towns. Investing seven million Naira only (two million Naira from business equity and five million Naira loan from bank of industry) on catfish farming business, using 2plots of land at “Ughotor Community” (in Okpe LGA of Delta State, Nigeria), is a very lucrative one. Using profitability index to determine how lucrative the business is, we got a viable result of 1.21% returns on business in the fifty year after paying back the borrow loan on the fourth year with its accumulated interest.
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Similarly, it 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. Likewise, how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. Lastly, 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. However, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.
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